ASH-ORL: 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-ORL
Largest movements
- Current investments +€1.0m
new in 2025: €1.0m
- Cash -€899,264
down €899,264 (-81.4%), from €1.1m to €205,152
mainly Current investments (-€1.0m) and Contributions, distributions and other (-€251,583)
- Receivables within one year -€60,203
down €60,203 (-100%), from €60,203 to €0
of which Other amounts receivable: -€51,638
- Reserves +€63,356
up €63,356 (+6.2%), from €1.0m to €1.1m
of which Distributable reserves: +€63,356
- Other debts +€60,610
up €60,610 (+28.6%), from €211,799 to €272,410
- Tax, wage and social debts -€60,422
down €60,422 (-83.8%), from €72,126 to €11,704
- Financial income +€23,108
up €23,108 (+499%), from €4,633 to €27,741
- Gross operating margin -€6,116
down €6,116 (-1.4%), from €444,338 to €438,223
- Taxes -€5,446
down €5,446 (-3.8%), from €143,166 to €137,721
- Financial charges +€4,461
up €4,461 (+1,991%), from €224 to €4,685
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 | €1,334,189 | €1,398,661 | +€64,473 | +4.8% |
| Fixed assets | 21/28 | €89,898 | €89,164 | -€734 | -0.8% |
| Tangible fixed assets | 22/27 | €10,329 | €9,595 | -€734 | -7.1% |
| Furniture and vehicles | 24 | €3,407 | €3,791 | +€384 | +11.3% |
| Other tangible fixed assets | 26 | €6,922 | €5,804 | -€1,118 | -16.2% |
| Financial fixed assets | 28 | €79,569 | €79,569 | = | 0.0% |
| Current assets | 29/58 | €1,244,291 | €1,309,497 | +€65,206 | +5.2% |
| Amounts receivable within one year | 40/41 | €60,203 | €0 | -€60,203 | -100% |
| Trade receivables | 40 | €8,565 | €0 | -€8,565 | -100% |
| Other amounts receivable | 41 | €51,638 | €0 | -€51,638 | -100% |
| Current investments | 50/53 | - | €1,031,048 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €1,104,416 | €205,152 | -€899,264 | -81.4% |
| Deferred charges and accrued income | 490/1 | €79,672 | €73,297 | -€6,375 | -8.0% |
| Total equity and liabilities | 10/49 | €1,334,189 | €1,398,661 | +€64,473 | +4.8% |
| Equity | 10/15 | €1,041,189 | €1,104,546 | +€63,356 | +6.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,027,798 | €1,091,154 | +€63,356 | +6.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,027,798 | €1,091,154 | +€63,356 | +6.2% |
| Profit (loss) carried forward | 14 | €991 | €991 | = | 0.0% |
| Amounts payable | 17/49 | €292,999 | €294,116 | +€1,116 | +0.4% |
| Amounts payable within one year | 42/48 | €292,265 | €293,313 | +€1,048 | +0.4% |
| Financial debts | 43 | €194 | €0 | -€194 | -100% |
| Other loans | 439 | €194 | €0 | -€194 | -100% |
| Trade debts | 44 | €8,145 | €9,199 | +€1,055 | +12.9% |
| Suppliers | 440/4 | €8,145 | €9,199 | +€1,055 | +12.9% |
| Taxes, remuneration and social security | 45 | €72,126 | €11,704 | -€60,422 | -83.8% |
| Taxes | 450/3 | €72,126 | €11,704 | -€60,422 | -83.8% |
| Other amounts payable | 47/48 | €211,799 | €272,410 | +€60,610 | +28.6% |
| Accrued charges and deferred income | 492/3 | €735 | €803 | +€68 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,991 | €4,653 | -€338 | -6.8% |
| Other operating charges | 640/8 | €1,398 | €3,966 | +€2,569 | +184% |
| Gross operating margin | 9900 | €444,338 | €438,223 | -€6,116 | -1.4% |
| Operating profit (loss) | 9901 | €437,949 | €429,603 | -€8,346 | -1.9% |
| Financial income | 75/76B | €4,633 | €27,741 | +€23,108 | +499% |
| Recurring financial income | 75 | €4,633 | €27,741 | +€23,108 | +499% |
| Financial charges | 65/66B | €224 | €4,685 | +€4,461 | +1,991% |
| Recurring financial charges | 65 | €224 | €4,685 | +€4,461 | +1,991% |
| Profit (loss) for the period before taxes | 9903 | €442,359 | €452,660 | +€10,301 | +2.3% |
| Income taxes | 67/77 | €143,166 | €137,721 | -€5,446 | -3.8% |
| Profit (loss) for the period | 9904 | €299,193 | €314,939 | +€15,746 | +5.3% |
| Transfer from tax-exempt reserves | 789 | €35,600 | €0 | -€35,600 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €334,793 | €314,939 | -€19,854 | -5.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.