ASH Consult: 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 Consult
Largest movements
- Receivables within one year +€178,664
up €178,664 (+399%), from €44,810 to €223,473
of which Trade receivables: +€165,316
- Cash -€126,794
no longer reported in 2025 (was €126,794)
mainly Receivables within one year (-€178,664) and Contributions, distributions and other (-€132,652)
- Stocks and contracts +€110,337
new in 2025: €110,337
- Tangible fixed assets +€55,755
up €55,755 (+9.3%), from €597,942 to €653,698
of which Furniture and vehicles: +€73,476
- Debts after one year +€343,314
up €343,314 (+79.4%), from €432,265 to €775,579
of which Other amounts payable: +€358,247
- Profit (loss) carried forward -€121,864
new in 2025: -€121,864
- Tax, wage and social debts -€62,211
down €62,211 (-78.8%), from €78,905 to €16,694
of which Taxes: -€63,817
- Trade debts +€35,992
new in 2025: €35,992
- Current portion of long-term debt +€17,919
up €17,919 (+126%), from €14,268 to €32,187
- Gross operating margin +€132,372
up €132,372 (+155%), from €85,331 to €217,703
- Financial charges +€85,079
up €85,079 (+162%), from €52,450 to €137,529
- Staff costs +€38,846
up €38,846 (+508%), from €7,647 to €46,494
- Depreciation +€16,934
up €16,934 (+173%), from €9,800 to €26,734
- Other operating charges -€8,730
down €8,730 (-76.9%), from €11,353 to €2,622
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 | €776,991 | €994,119 | +€217,128 | +27.9% |
| Fixed assets | 21/28 | €605,387 | €660,309 | +€54,921 | +9.1% |
| Intangible fixed assets | 21 | €7,445 | €6,611 | -€834 | -11.2% |
| Tangible fixed assets | 22/27 | €597,942 | €653,698 | +€55,755 | +9.3% |
| Land and buildings | 22 | €591,648 | €571,668 | -€19,980 | -3.4% |
| Plant, machinery and equipment | 23 | €6,295 | €8,554 | +€2,259 | +35.9% |
| Furniture and vehicles | 24 | - | €73,476 | +€73,476 | |
| Current assets | 29/58 | €171,604 | €333,811 | +€162,207 | +94.5% |
| Stocks and contracts in progress | 3 | - | €110,337 | +€110,337 | |
| Stocks | 30/36 | - | €110,337 | +€110,337 | |
| Amounts receivable within one year | 40/41 | €44,810 | €223,473 | +€178,664 | +399% |
| Trade receivables | 40 | - | €165,316 | +€165,316 | |
| Other amounts receivable | 41 | €44,810 | €58,158 | +€13,348 | +29.8% |
| Cash at bank and in hand | 54/58 | €126,794 | - | -€126,794 | |
| Total equity and liabilities | 10/49 | €776,991 | €994,119 | +€217,128 | +27.9% |
| Equity | 10/15 | €251,553 | €123,173 | -€128,380 | -51.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €246,553 | €240,037 | -€6,516 | -2.6% |
| Distributable reserves | 133 | €246,553 | €240,037 | -€6,516 | -2.6% |
| Profit (loss) carried forward | 14 | - | -€121,864 | -€121,864 | |
| Amounts payable | 17/49 | €525,439 | €870,947 | +€345,508 | +65.8% |
| Amounts payable after more than one year | 17 | €432,265 | €775,579 | +€343,314 | +79.4% |
| Financial debts | 170/4 | €432,265 | €417,332 | -€14,933 | -3.5% |
| Other amounts payable | 178/9 | - | €358,247 | +€358,247 | |
| Amounts payable within one year | 42/48 | €93,174 | €95,368 | +€2,194 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €14,268 | €32,187 | +€17,919 | +126% |
| Financial debts | 43 | - | €10,495 | +€10,495 | |
| Credit institutions | 430/8 | - | €10,495 | +€10,495 | |
| Trade debts | 44 | - | €35,992 | +€35,992 | |
| Suppliers | 440/4 | - | €35,992 | +€35,992 | |
| Taxes, remuneration and social security | 45 | €78,905 | €16,694 | -€62,211 | -78.8% |
| Taxes | 450/3 | €76,111 | €12,295 | -€63,817 | -83.8% |
| Remuneration and social security | 454/9 | €2,794 | €4,399 | +€1,605 | +57.5% |
| Remuneration, social security and pensions | 62 | €7,647 | €46,494 | +€38,846 | +508% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,800 | €26,734 | +€16,934 | +173% |
| Other operating charges | 640/8 | €11,353 | €2,622 | -€8,730 | -76.9% |
| Gross operating margin | 9900 | €85,331 | €217,703 | +€132,372 | +155% |
| Operating profit (loss) | 9901 | €56,531 | €141,853 | +€85,322 | +151% |
| Financial income | 75/76B | €7,000 | - | -€7,000 | |
| Recurring financial income | 75 | €7,000 | - | -€7,000 | |
| Financial charges | 65/66B | €52,450 | €137,529 | +€85,079 | +162% |
| Recurring financial charges | 65 | €52,450 | €137,529 | +€85,079 | +162% |
| Profit (loss) for the period before taxes | 9903 | €11,082 | €4,324 | -€6,758 | -61.0% |
| Income taxes | 67/77 | €4,566 | €53 | -€4,513 | -98.8% |
| Profit (loss) for the period | 9904 | €6,516 | €4,272 | -€2,244 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,516 | €4,272 | -€2,244 | -34.4% |
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 14 October 2026 via checked.be.