ASHCOR: 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.
ASHCOR
Largest movements
- Receivables within one year -€11,218
down €11,218 (-55.0%), from €20,414 to €9,196
of which Trade receivables: -€10,817
- Tangible fixed assets -€4,366
down €4,366 (-2.3%), from €188,761 to €184,395
of which Land and buildings: -€7,594
- Trade debts -€11,609
down €11,609 (-99.0%), from €11,732 to €123
- Debts after one year -€10,922
down €10,922 (-5.7%), from €192,627 to €181,705
- Reserves +€6,243
up €6,243 (+16.9%), from €36,994 to €43,237
of which Distributable reserves: +€6,243
- Tax, wage and social debts +€3,252
new in 2025: €3,252
- Gross operating margin +€3,504
up €3,504 (+13.4%), from €26,243 to €29,747
- Depreciation +€1,545
up €1,545 (+10.5%), from €14,715 to €16,260
- Taxes +€790
up €790 (+32.1%), from €2,462 to €3,252
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 | €259,944 | €247,947 | -€11,997 | -4.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €188,761 | €184,395 | -€4,366 | -2.3% |
| Tangible fixed assets | 22/27 | €188,761 | €184,395 | -€4,366 | -2.3% |
| Land and buildings | 22 | €146,666 | €139,072 | -€7,594 | -5.2% |
| Plant, machinery and equipment | 23 | €7,148 | €13,843 | +€6,695 | +93.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €34,948 | €31,480 | -€3,468 | -9.9% |
| Current assets | 29/58 | €71,183 | €63,552 | -€7,631 | -10.7% |
| Stocks and contracts in progress | 3 | €46,312 | €47,968 | +€1,656 | +3.6% |
| Stocks | 30/36 | €46,312 | €47,968 | +€1,656 | +3.6% |
| Amounts receivable within one year | 40/41 | €20,414 | €9,196 | -€11,218 | -55.0% |
| Trade receivables | 40 | €10,845 | €27 | -€10,817 | -99.7% |
| Other amounts receivable | 41 | €9,569 | €9,168 | -€401 | -4.2% |
| Cash at bank and in hand | 54/58 | €4,457 | €6,388 | +€1,932 | +43.3% |
| Total equity and liabilities | 10/49 | €259,944 | €247,947 | -€11,997 | -4.6% |
| Equity | 10/15 | €55,586 | €61,829 | +€6,243 | +11.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €36,994 | €43,237 | +€6,243 | +16.9% |
| Non-distributable reserves | 130/1 | €1,892 | €1,892 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,892 | €1,892 | = | 0.0% |
| Distributable reserves | 133 | €35,102 | €41,345 | +€6,243 | +17.8% |
| Amounts payable | 17/49 | €204,358 | €186,118 | -€18,240 | -8.9% |
| Amounts payable after more than one year | 17 | €192,627 | €181,705 | -€10,922 | -5.7% |
| Other amounts payable | 178/9 | €192,627 | €181,705 | -€10,922 | -5.7% |
| Amounts payable within one year | 42/48 | €11,732 | €4,413 | -€7,319 | -62.4% |
| Trade debts | 44 | €11,732 | €123 | -€11,609 | -99.0% |
| Suppliers | 440/4 | €11,732 | €123 | -€11,609 | -99.0% |
| Taxes, remuneration and social security | 45 | - | €3,252 | +€3,252 | |
| Taxes | 450/3 | - | €3,252 | +€3,252 | |
| Other amounts payable | 47/48 | - | €1,038 | +€1,038 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,715 | €16,260 | +€1,545 | +10.5% |
| Other operating charges | 640/8 | €3,795 | €3,918 | +€123 | +3.2% |
| Gross operating margin | 9900 | €26,243 | €29,747 | +€3,504 | +13.4% |
| Operating profit (loss) | 9901 | €7,734 | €9,570 | +€1,836 | +23.7% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €90 | €74 | -€15 | -17.0% |
| Recurring financial charges | 65 | €90 | €74 | -€15 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €7,653 | €9,496 | +€1,842 | +24.1% |
| Income taxes | 67/77 | €2,462 | €3,252 | +€790 | +32.1% |
| Profit (loss) for the period | 9904 | €5,191 | €6,243 | +€1,052 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,191 | €6,243 | +€1,052 | +20.3% |
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 25 October 2026 via checked.be.