ASHRAFI: 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.
ASHRAFI
Largest movements
- Receivables within one year -€59,000
down €59,000 (-93.4%), from €63,168 to €4,168
of which Trade receivables: -€54,455
- Tangible fixed assets +€11,760
new in 2025: €11,760
- Stocks and contracts -€6,540
down €6,540 (-9.5%), from €68,543 to €62,004
- Cash -€1,564
down €1,564 (-38.6%), from €4,053 to €2,489
mainly Trade debts (-€111,944) and Tax, wage and social debts (-€34,500)
- Trade debts -€111,944
down €111,944 (-87.2%), from €128,431 to €16,487
- Profit (loss) carried forward +€104,005
up €104,005, from -€93,429 to €10,576
- Tax, wage and social debts -€34,500
no longer reported in 2025 (was €34,500)
- Other debts -€13,104
down €13,104 (-23.2%), from €56,465 to €43,361
- Purchases and services -€395,326
no longer reported in 2025 (was €395,326)
- Turnover -€367,907
no longer reported in 2025 (was €367,907)
- Gross operating margin +€44,735
up €44,735, from -€27,419 to €17,316
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 | €139,297 | €83,754 | -€55,543 | -39.9% |
| Fixed assets | 21/28 | €3,533 | €15,093 | +€11,560 | +327% |
| Intangible fixed assets | 21 | €833 | €633 | -€200 | -24.0% |
| Tangible fixed assets | 22/27 | - | €11,760 | +€11,760 | |
| Furniture and vehicles | 24 | - | €11,760 | +€11,760 | |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €135,764 | €68,661 | -€67,103 | -49.4% |
| Stocks and contracts in progress | 3 | €68,543 | €62,004 | -€6,540 | -9.5% |
| Stocks | 30/36 | €68,543 | €62,004 | -€6,540 | -9.5% |
| Amounts receivable within one year | 40/41 | €63,168 | €4,168 | -€59,000 | -93.4% |
| Trade receivables | 40 | €54,455 | - | -€54,455 | |
| Other amounts receivable | 41 | €8,713 | €4,168 | -€4,545 | -52.2% |
| Cash at bank and in hand | 54/58 | €4,053 | €2,489 | -€1,564 | -38.6% |
| Total equity and liabilities | 10/49 | €139,297 | €83,754 | -€55,543 | -39.9% |
| Equity | 10/15 | -€80,099 | €23,906 | +€104,005 | |
| Contributions | 10/11 | €13,330 | €13,330 | = | 0.0% |
| Capital | 10 | - | €13,330 | +€13,330 | |
| Issued capital | 100 | - | €13,330 | +€13,330 | |
| Profit (loss) carried forward | 14 | -€93,429 | €10,576 | +€104,005 | |
| Amounts payable | 17/49 | €219,396 | €59,847 | -€159,549 | -72.7% |
| Amounts payable within one year | 42/48 | €219,396 | €59,847 | -€159,549 | -72.7% |
| Trade debts | 44 | €128,431 | €16,487 | -€111,944 | -87.2% |
| Suppliers | 440/4 | €128,431 | €16,487 | -€111,944 | -87.2% |
| Taxes, remuneration and social security | 45 | €34,500 | - | -€34,500 | |
| Remuneration and social security | 454/9 | €34,500 | - | -€34,500 | |
| Other amounts payable | 47/48 | €56,465 | €43,361 | -€13,104 | -23.2% |
| Turnover | 70 | €367,907 | - | -€367,907 | |
| Goods, raw materials, services and sundry goods | 60/61 | €395,326 | - | -€395,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167 | €3,140 | +€2,973 | +1,780% |
| Other operating charges | 640/8 | - | €125 | +€125 | |
| Gross operating margin | 9900 | -€27,419 | €17,316 | +€44,735 | |
| Operating profit (loss) | 9901 | -€27,586 | €14,050 | +€41,636 | |
| Financial charges | 65/66B | €43 | €45 | +€2 | +4.7% |
| Recurring financial charges | 65 | €43 | €45 | +€2 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,629 | €14,005 | +€41,634 | |
| Profit (loss) for the period | 9904 | -€27,629 | €14,005 | +€41,634 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,629 | €14,005 | +€41,634 |
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 18 October 2026 via checked.be.