ASH GROUP: what changed
Two fiscal 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 GROUP
Largest movements
- Receivables within one year +€7,723
new in 2025: €7,723
of which Other amounts receivable: +€5,283
- Stocks and contracts +€3,926
up €3,926 (+38.9%), from €10,081 to €14,006
- Cash -€3,055
down €3,055 (-76.6%), from €3,987 to €932
mainly Receivables within one year (-€7,723) and Stocks and contracts (-€3,926)
- Reserves +€4,297
up €4,297 (+139.5%), from €3,081 to €7,378
of which Distributable reserves: +€4,000
- Tax, wage and social debts +€1,952
up €1,952 (+44.7%), from €4,363 to €6,315
- Profit (loss) carried forward +€1,340
up €1,340 (+450.7%), from €297 to €1,637
- Trade debts +€1,011
up €1,011 (+834.0%), from €121 to €1,132
- Turnover +€22,173
up €22,173 (+11.9%), from €186,556 to €208,729
- Gross operating margin +€15,254
up €15,254 (+53.7%), from €28,385 to €43,639
- Staff costs +€10,235
up €10,235 (+41.5%), from €24,668 to €34,903
- Purchases and services +€6,919
up €6,919 (+4.4%), from €158,171 to €165,090
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.
Cash bridge derived
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 | €14,068 | €22,661 | +€8,594 | +61.1% |
| Current assets | 29/58 | €14,068 | €22,661 | +€8,594 | +61.1% |
| Stocks and contracts in progress | 3 | €10,081 | €14,006 | +€3,926 | +38.9% |
| Stocks | 30/36 | €10,081 | €14,006 | +€3,926 | +38.9% |
| Amounts receivable within one year | 40/41 | - | €7,723 | +€7,723 | |
| Trade receivables | 40 | - | €2,440 | +€2,440 | |
| Other amounts receivable | 41 | - | €5,283 | +€5,283 | |
| Cash at bank and in hand | 54/58 | €3,987 | €932 | -€3,055 | -76.6% |
| Total equity and liabilities | 10/49 | €14,068 | €22,661 | +€8,594 | +61.1% |
| Equity | 10/15 | €9,578 | €15,215 | +€5,636 | +58.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,081 | €7,378 | +€4,297 | +139.5% |
| Non-distributable reserves | 130/1 | €81 | €378 | +€297 | +365.5% |
| Reserves not available under the articles | 1311 | €81 | €378 | +€297 | +365.5% |
| Distributable reserves | 133 | €3,000 | €7,000 | +€4,000 | +133.3% |
| Profit (loss) carried forward | 14 | €297 | €1,637 | +€1,340 | +450.7% |
| Amounts payable | 17/49 | €4,489 | €7,446 | +€2,957 | +65.9% |
| Amounts payable within one year | 42/48 | €4,489 | €7,446 | +€2,957 | +65.9% |
| Trade debts | 44 | €121 | €1,132 | +€1,011 | +834.0% |
| Suppliers | 440/4 | €121 | €1,132 | +€1,011 | +834.0% |
| Taxes, remuneration and social security | 45 | €4,363 | €6,315 | +€1,952 | +44.7% |
| Taxes | 450/3 | €4,363 | €6,315 | +€1,952 | +44.7% |
| Other amounts payable | 47/48 | €6 | - | -€6 | |
| Turnover | 70 | €186,556 | €208,729 | +€22,173 | +11.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €158,171 | €165,090 | +€6,919 | +4.4% |
| Remuneration, social security and pensions | 62 | €24,668 | €34,903 | +€10,235 | +41.5% |
| Other operating charges | 640/8 | €988 | €691 | -€297 | -30.1% |
| Gross operating margin | 9900 | €28,385 | €43,639 | +€15,254 | +53.7% |
| Operating profit (loss) | 9901 | €2,729 | €8,045 | +€5,316 | +194.8% |
| Financial income | 75/76B | €54 | €1 | -€53 | -98.0% |
| Recurring financial income | 75 | €54 | €1 | -€53 | -98.0% |
| Financial charges | 65/66B | €177 | €215 | +€38 | +21.5% |
| Recurring financial charges | 65 | €177 | €215 | +€38 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €2,605 | €7,831 | +€5,226 | +200.6% |
| Income taxes | 67/77 | €188 | €2,195 | +€2,007 | +1068.7% |
| Profit (loss) for the period | 9904 | €2,418 | €5,636 | +€3,219 | +133.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,418 | €5,636 | +€3,219 | +133.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.