ASH Solutions: 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 Solutions
Largest movements
- Receivables within one year -€41,708
down €41,708 (-57.0%), from €73,113 to €31,405
of which Trade receivables: -€39,354
- Cash +€21,697
up €21,697 (+265.2%), from €8,182 to €29,879
mainly Receivables within one year (+€41,708) and Stocks and contracts (+€20,855)
- Stocks and contracts -€20,855
down €20,855 (-100.0%), from €20,855 to €0
- Tangible fixed assets -€2,575
down €2,575 (-28.4%), from €9,080 to €6,505
of which Furniture and vehicles: -€2,097
- Advances received -€57,261
down €57,261 (-100.0%), from €57,261 to €0
- Reserves +€20,704
new in 2025: €20,704
- Trade debts -€8,391
down €8,391 (-73.1%), from €11,472 to €3,081
- Tax, wage and social debts +€8,231
up €8,231 (+338.0%), from €2,436 to €10,667
- Other debts -€7,107
down €7,107 (-31.4%), from €22,654 to €15,547
- Gross operating margin -€4,038
down €4,038 (-9.2%), from €44,133 to €40,095
- Taxes +€3,931
up €3,931 (+59.8%), from €6,568 to €10,499
- Depreciation +€1,147
up €1,147 (+27.5%), from €4,178 to €5,325
- Financial charges -€706
down €706 (-23.1%), from €3,054 to €2,349
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 | €112,422 | €68,599 | -€43,823 | -39.0% |
| Fixed assets | 21/28 | €9,080 | €6,505 | -€2,575 | -28.4% |
| Tangible fixed assets | 22/27 | €9,080 | €6,505 | -€2,575 | -28.4% |
| Plant, machinery and equipment | 23 | €1,426 | €949 | -€478 | -33.5% |
| Furniture and vehicles | 24 | €7,654 | €5,556 | -€2,097 | -27.4% |
| Current assets | 29/58 | €103,342 | €62,094 | -€41,248 | -39.9% |
| Stocks and contracts in progress | 3 | €20,855 | €0 | -€20,855 | -100.0% |
| Contracts in progress | 37 | €20,855 | €0 | -€20,855 | -100.0% |
| Amounts receivable within one year | 40/41 | €73,113 | €31,405 | -€41,708 | -57.0% |
| Trade receivables | 40 | €69,681 | €30,327 | -€39,354 | -56.5% |
| Other amounts receivable | 41 | €3,432 | €1,078 | -€2,354 | -68.6% |
| Cash at bank and in hand | 54/58 | €8,182 | €29,879 | +€21,697 | +265.2% |
| Deferred charges and accrued income | 490/1 | €1,193 | €811 | -€382 | -32.0% |
| Total equity and liabilities | 10/49 | €112,422 | €68,599 | -€43,823 | -39.0% |
| Equity | 10/15 | €18,600 | €39,304 | +€20,704 | +111.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €20,704 | +€20,704 | |
| Distributable reserves | 133 | - | €20,704 | +€20,704 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €93,822 | €29,295 | -€64,527 | -68.8% |
| Amounts payable within one year | 42/48 | €93,822 | €29,295 | -€64,527 | -68.8% |
| Trade debts | 44 | €11,472 | €3,081 | -€8,391 | -73.1% |
| Suppliers | 440/4 | €11,472 | €3,081 | -€8,391 | -73.1% |
| Advances received on contracts in progress | 46 | €57,261 | €0 | -€57,261 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,436 | €10,667 | +€8,231 | +338.0% |
| Taxes | 450/3 | €2,436 | €10,667 | +€8,231 | +338.0% |
| Other amounts payable | 47/48 | €22,654 | €15,547 | -€7,107 | -31.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,178 | €5,325 | +€1,147 | +27.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,296 | €1,220 | -€76 | -5.9% |
| Gross operating margin | 9900 | €44,133 | €40,095 | -€4,038 | -9.2% |
| Operating profit (loss) | 9901 | €38,659 | €33,549 | -€5,110 | -13.2% |
| Financial income | 75/76B | €155 | €2 | -€153 | -98.9% |
| Recurring financial income | 75 | €155 | €2 | -€153 | -98.9% |
| Financial charges | 65/66B | €3,054 | €2,349 | -€706 | -23.1% |
| Recurring financial charges | 65 | €3,054 | €2,349 | -€706 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €35,760 | €31,202 | -€4,557 | -12.7% |
| Income taxes | 67/77 | €6,568 | €10,499 | +€3,931 | +59.8% |
| Profit (loss) for the period | 9904 | €29,192 | €20,704 | -€8,488 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,192 | €20,704 | -€8,488 | -29.1% |
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 11 October 2026 via checked.be.