ASH STUDIO: 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 STUDIO
Largest movements
- Receivables within one year +€17,984
up €17,984 (+191.7%), from €9,380 to €27,364
of which Trade receivables: +€23,447
- Tangible fixed assets +€14,243
up €14,243 (+91.9%), from €15,506 to €29,748
of which Other tangible fixed assets: +€14,067
- Cash -€2,708
down €2,708 (-13.4%), from €20,266 to €17,558
mainly Investment in fixed assets (net) (-€17,994) and Receivables within one year (-€17,984)
- Profit (loss) carried forward +€12,732
up €12,732 (+44.3%), from €28,718 to €41,450
- Trade debts +€8,029
up €8,029 (+472.0%), from €1,701 to €9,730
- Tax, wage and social debts +€7,981
up €7,981 (+71.3%), from €11,196 to €19,177
of which Remuneration and social security: +€4,129
- Gross operating margin +€42,334
up €42,334 (+275.0%), from €15,392 to €57,726
- Staff costs +€29,282
up €29,282 (+612.6%), from €4,780 to €34,061
- Taxes +€2,722
up €2,722 (+121.3%), from €2,245 to €4,967
- Depreciation -€1,239
down €1,239 (-24.8%), from €4,990 to €3,751
- Other operating charges -€820
down €820 (-69.9%), from €1,172 to €352
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 | €47,726 | €76,697 | +€28,971 | +60.7% |
| Fixed assets | 21/28 | €15,506 | €29,748 | +€14,243 | +91.9% |
| Tangible fixed assets | 22/27 | €15,506 | €29,748 | +€14,243 | +91.9% |
| Land and buildings | 22 | - | €2,229 | +€2,229 | |
| Plant, machinery and equipment | 23 | €1,354 | €2,049 | +€694 | +51.3% |
| Furniture and vehicles | 24 | €14,151 | €11,404 | -€2,748 | -19.4% |
| Other tangible fixed assets | 26 | - | €14,067 | +€14,067 | |
| Current assets | 29/58 | €32,221 | €46,949 | +€14,728 | +45.7% |
| Amounts receivable within one year | 40/41 | €9,380 | €27,364 | +€17,984 | +191.7% |
| Trade receivables | 40 | €1,666 | €25,113 | +€23,447 | +1407.8% |
| Other amounts receivable | 41 | €7,715 | €2,251 | -€5,463 | -70.8% |
| Cash at bank and in hand | 54/58 | €20,266 | €17,558 | -€2,708 | -13.4% |
| Deferred charges and accrued income | 490/1 | €2,574 | €2,027 | -€547 | -21.3% |
| Total equity and liabilities | 10/49 | €47,726 | €76,697 | +€28,971 | +60.7% |
| Equity | 10/15 | €34,718 | €47,450 | +€12,732 | +36.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,718 | €41,450 | +€12,732 | +44.3% |
| Amounts payable | 17/49 | €13,008 | €29,247 | +€16,239 | +124.8% |
| Amounts payable within one year | 42/48 | €13,008 | €29,247 | +€16,239 | +124.8% |
| Financial debts | 43 | €111 | €340 | +€228 | +205.1% |
| Credit institutions | 430/8 | €111 | €340 | +€228 | +205.1% |
| Trade debts | 44 | €1,701 | €9,730 | +€8,029 | +472.0% |
| Suppliers | 440/4 | €1,701 | €9,730 | +€8,029 | +472.0% |
| Taxes, remuneration and social security | 45 | €11,196 | €19,177 | +€7,981 | +71.3% |
| Taxes | 450/3 | €10,559 | €14,411 | +€3,852 | +36.5% |
| Remuneration and social security | 454/9 | €637 | €4,766 | +€4,129 | +648.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €4,780 | €34,061 | +€29,282 | +612.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,990 | €3,751 | -€1,239 | -24.8% |
| Other operating charges | 640/8 | €1,172 | €352 | -€820 | -69.9% |
| Non-recurring operating charges | 66A | - | €1,806 | +€1,806 | |
| Gross operating margin | 9900 | €15,392 | €57,726 | +€42,334 | +275.0% |
| Operating profit (loss) | 9901 | €4,451 | €17,756 | +€13,305 | +298.9% |
| Financial income | 75/76B | €183 | €187 | +€3 | +1.7% |
| Recurring financial income | 75 | €183 | €187 | +€3 | +1.7% |
| Financial charges | 65/66B | €190 | €243 | +€53 | +27.8% |
| Recurring financial charges | 65 | €190 | €243 | +€53 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €4,444 | €17,699 | +€13,255 | +298.3% |
| Income taxes | 67/77 | €2,245 | €4,967 | +€2,722 | +121.3% |
| Profit (loss) for the period | 9904 | €2,199 | €12,732 | +€10,533 | +479.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,199 | €12,732 | +€10,533 | +479.0% |
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 7 October 2026 via checked.be.