asheRise: 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.
asheRise
Largest movements
- Cash -€68,218
down €68,218 (-68.3%), from €99,895 to €31,676
mainly Debts after one year (-€103,333) and Current portion of long-term debt (-€11,307)
- Tangible fixed assets -€29,033
down €29,033 (-6.1%), from €478,952 to €449,919
of which Land and buildings: -€19,782
- Debts after one year -€103,333
down €103,333 (-24.4%), from €422,805 to €319,472
of which Financial debts: -€103,333
- Reserves +€28,894
up €28,894 (+37.0%), from €78,036 to €106,931
- Current portion of long-term debt -€11,307
down €11,307 (-45.9%), from €24,640 to €13,333
- Tax, wage and social debts -€10,812
down €10,812 (-33.6%), from €32,132 to €21,321
of which Taxes: -€10,845
- Accrued charges and deferred income +€10,022
new in 2025: €10,022
- Gross operating margin +€15,894
up €15,894 (+19.4%), from €82,118 to €98,012
- Financial charges +€5,001
up €5,001 (+46.5%), from €10,748 to €15,749
- Depreciation -€4,554
down €4,554 (-12.2%), from €37,426 to €32,872
- Taxes +€2,929
up €2,929 (+27.9%), from €10,516 to €13,445
- Other operating charges +€1,132
up €1,132 (+30.2%), from €3,742 to €4,873
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 | €578,846 | €488,774 | -€90,072 | -15.6% |
| Fixed assets | 21/28 | €478,952 | €449,919 | -€29,033 | -6.1% |
| Tangible fixed assets | 22/27 | €478,952 | €449,919 | -€29,033 | -6.1% |
| Land and buildings | 22 | €443,576 | €423,794 | -€19,782 | -4.5% |
| Plant, machinery and equipment | 23 | €2,822 | €2,794 | -€28 | -1.0% |
| Furniture and vehicles | 24 | €29,312 | €23,331 | -€5,981 | -20.4% |
| Leasing and similar rights | 25 | €3,242 | - | -€3,242 | |
| Current assets | 29/58 | €99,895 | €38,855 | -€61,039 | -61.1% |
| Amounts receivable within one year | 40/41 | - | €5,229 | +€5,229 | |
| Trade receivables | 40 | - | €3,630 | +€3,630 | |
| Other amounts receivable | 41 | - | €1,599 | +€1,599 | |
| Cash at bank and in hand | 54/58 | €99,895 | €31,676 | -€68,218 | -68.3% |
| Deferred charges and accrued income | 490/1 | - | €1,950 | +€1,950 | |
| Total equity and liabilities | 10/49 | €578,846 | €488,774 | -€90,072 | -15.6% |
| Equity | 10/15 | €83,036 | €111,931 | +€28,894 | +34.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €78,036 | €106,931 | +€28,894 | +37.0% |
| Distributable reserves | 133 | €78,036 | €106,931 | +€28,894 | +37.0% |
| Amounts payable | 17/49 | €495,810 | €376,844 | -€118,967 | -24.0% |
| Amounts payable after more than one year | 17 | €422,805 | €319,472 | -€103,333 | -24.4% |
| Financial debts | 170/4 | €420,555 | €317,222 | -€103,333 | -24.6% |
| Other amounts payable | 178/9 | €2,250 | €2,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,005 | €47,350 | -€25,655 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €24,640 | €13,333 | -€11,307 | -45.9% |
| Trade debts | 44 | €6,324 | €1,360 | -€4,964 | -78.5% |
| Suppliers | 440/4 | €6,324 | €1,360 | -€4,964 | -78.5% |
| Taxes, remuneration and social security | 45 | €32,132 | €21,321 | -€10,812 | -33.6% |
| Taxes | 450/3 | €30,477 | €19,632 | -€10,845 | -35.6% |
| Remuneration and social security | 454/9 | €1,655 | €1,689 | +€34 | +2.0% |
| Other amounts payable | 47/48 | €9,908 | €11,337 | +€1,428 | +14.4% |
| Accrued charges and deferred income | 492/3 | - | €10,022 | +€10,022 | |
| Non-recurring operating income | 76A | - | €8,880 | +€8,880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,426 | €32,872 | -€4,554 | -12.2% |
| Other operating charges | 640/8 | €3,742 | €4,873 | +€1,132 | +30.2% |
| Non-recurring operating charges | 66A | €1,518 | - | -€1,518 | |
| Gross operating margin | 9900 | €82,118 | €98,012 | +€15,894 | +19.4% |
| Operating profit (loss) | 9901 | €39,433 | €60,267 | +€20,834 | +52.8% |
| Financial income | 75/76B | €235 | €321 | +€86 | +36.7% |
| Recurring financial income | 75 | €235 | €321 | +€86 | +36.7% |
| Financial charges | 65/66B | €10,748 | €15,749 | +€5,001 | +46.5% |
| Recurring financial charges | 65 | €10,748 | €15,749 | +€5,001 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | €28,919 | €44,839 | +€15,920 | +55.0% |
| Income taxes | 67/77 | €10,516 | €13,445 | +€2,929 | +27.9% |
| Profit (loss) for the period | 9904 | €18,404 | €31,394 | +€12,990 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,404 | €31,394 | +€12,990 | +70.6% |
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 12 October 2026 via checked.be.