ASH Company: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ASH Company
Largest movements
- Receivables within one year +€20,225
up €20,225 (+6.1%), from €329,584 to €349,809
of which Trade receivables: +€87,790
- Cash +€15,398
up €15,398 (+155%), from €9,953 to €25,351
mainly Net result for the year (+€21,098) and Tax, wage and social debts (+€18,622)
- Financial fixed assets +€7,683
new in 2025: €7,683
- Profit (loss) carried forward +€21,098
up €21,098 (+15.4%), from €137,345 to €158,443
- Tax, wage and social debts +€18,622
up €18,622 (+16.6%), from €112,101 to €130,723
of which Taxes: +€17,099
- Staff costs +€134,476
up €134,476 (+42.9%), from €313,402 to €447,878
- Gross operating margin +€105,043
up €105,043 (+25.9%), from €406,006 to €511,048
- Other operating charges -€6,183
down €6,183 (-39.6%), from €15,625 to €9,442
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,620 | €410,416 | +€42,796 | +11.6% |
| Fixed assets | 21/28 | €28,083 | €35,256 | +€7,173 | +25.5% |
| Tangible fixed assets | 22/27 | €28,083 | €27,573 | -€510 | -1.8% |
| Plant, machinery and equipment | 23 | €1,893 | €1,373 | -€520 | -27.5% |
| Furniture and vehicles | 24 | €26,190 | €26,200 | +€10 | 0.0% |
| Financial fixed assets | 28 | - | €7,683 | +€7,683 | |
| Current assets | 29/58 | €339,537 | €375,160 | +€35,623 | +10.5% |
| Amounts receivable within one year | 40/41 | €329,584 | €349,809 | +€20,225 | +6.1% |
| Trade receivables | 40 | €246,796 | €334,587 | +€87,790 | +35.6% |
| Other amounts receivable | 41 | €82,787 | €15,222 | -€67,565 | -81.6% |
| Cash at bank and in hand | 54/58 | €9,953 | €25,351 | +€15,398 | +155% |
| Total equity and liabilities | 10/49 | €367,620 | €410,416 | +€42,796 | +11.6% |
| Equity | 10/15 | €145,405 | €166,503 | +€21,098 | +14.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,345 | €158,443 | +€21,098 | +15.4% |
| Amounts payable | 17/49 | €222,216 | €243,913 | +€21,698 | +9.8% |
| Amounts payable within one year | 42/48 | €222,216 | €243,913 | +€21,698 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €7,130 | €7,107 | -€23 | -0.3% |
| Trade debts | 44 | €40,944 | €41,664 | +€719 | +1.8% |
| Suppliers | 440/4 | €40,944 | €41,664 | +€719 | +1.8% |
| Taxes, remuneration and social security | 45 | €112,101 | €130,723 | +€18,622 | +16.6% |
| Taxes | 450/3 | €78,075 | €95,174 | +€17,099 | +21.9% |
| Remuneration and social security | 454/9 | €34,026 | €35,549 | +€1,523 | +4.5% |
| Other amounts payable | 47/48 | €62,040 | €64,420 | +€2,379 | +3.8% |
| Remuneration, social security and pensions | 62 | €313,402 | €447,878 | +€134,476 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,465 | €14,010 | +€545 | +4.0% |
| Other operating charges | 640/8 | €15,625 | €9,442 | -€6,183 | -39.6% |
| Gross operating margin | 9900 | €406,006 | €511,048 | +€105,043 | +25.9% |
| Operating profit (loss) | 9901 | €63,514 | €39,718 | -€23,796 | -37.5% |
| Financial income | 75/76B | €1,620 | €2 | -€1,619 | -99.9% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +162% |
| Non-recurring financial income | 76B | €1,620 | - | -€1,620 | |
| Financial charges | 65/66B | €4,162 | €4,019 | -€144 | -3.5% |
| Recurring financial charges | 65 | €4,162 | €4,019 | -€144 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €60,972 | €35,701 | -€25,271 | -41.4% |
| Income taxes | 67/77 | €18,278 | €14,603 | -€3,675 | -20.1% |
| Profit (loss) for the period | 9904 | €42,694 | €21,098 | -€21,596 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,694 | €21,098 | -€21,596 | -50.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.