ASHTAR: 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.
ASHTAR
Largest movements
- Receivables within one year -€10,441
down €10,441 (-6.5%), from €161,693 to €151,252
of which Trade receivables: -€52,821
- Cash -€10,161
down €10,161 (-5.7%), from €179,232 to €169,071
mainly Trade debts (-€27,275) and Tax, wage and social debts (-€19,610)
- Profit (loss) carried forward +€34,415
up €34,415 (+14.0%), from €246,165 to €280,581
- Trade debts -€27,275
down €27,275 (-85.2%), from €32,027 to €4,752
- Tax, wage and social debts -€19,610
down €19,610 (-34.4%), from €57,004 to €37,395
of which Remuneration and social security: -€12,887
- Current portion of long-term debt -€14,009
no longer reported in 2025 (was €14,009)
- Accrued charges and deferred income +€6,988
up €6,988 (+32.7%), from €21,353 to €28,341
- Turnover -€44,744
down €44,744 (-3.5%), from €1.3m to €1.2m
- Purchases and services -€40,129
down €40,129 (-3.6%), from €1.1m to €1.1m
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 | €436,628 | €417,138 | -€19,490 | -4.5% |
| Fixed assets | 21/28 | €54,573 | €55,237 | +€664 | +1.2% |
| Tangible fixed assets | 22/27 | €54,573 | €55,237 | +€664 | +1.2% |
| Plant, machinery and equipment | 23 | €4,189 | €12,919 | +€8,730 | +208% |
| Furniture and vehicles | 24 | €35,443 | €28,776 | -€6,668 | -18.8% |
| Other tangible fixed assets | 26 | €14,940 | €13,541 | -€1,399 | -9.4% |
| Current assets | 29/58 | €382,055 | €361,901 | -€20,154 | -5.3% |
| Stocks and contracts in progress | 3 | €37,628 | €38,839 | +€1,211 | +3.2% |
| Stocks | 30/36 | €37,628 | €38,839 | +€1,211 | +3.2% |
| Amounts receivable within one year | 40/41 | €161,693 | €151,252 | -€10,441 | -6.5% |
| Trade receivables | 40 | €127,719 | €74,899 | -€52,821 | -41.4% |
| Other amounts receivable | 41 | €33,974 | €76,353 | +€42,379 | +125% |
| Cash at bank and in hand | 54/58 | €179,232 | €169,071 | -€10,161 | -5.7% |
| Deferred charges and accrued income | 490/1 | €3,502 | €2,740 | -€762 | -21.8% |
| Total equity and liabilities | 10/49 | €436,628 | €417,138 | -€19,490 | -4.5% |
| Equity | 10/15 | €312,165 | €346,581 | +€34,415 | +11.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €246,165 | €280,581 | +€34,415 | +14.0% |
| Amounts payable | 17/49 | €124,463 | €70,557 | -€53,905 | -43.3% |
| Amounts payable within one year | 42/48 | €103,110 | €42,216 | -€60,893 | -59.1% |
| Current portion of amounts payable after more than one year | 42 | €14,009 | - | -€14,009 | |
| Trade debts | 44 | €32,027 | €4,752 | -€27,275 | -85.2% |
| Suppliers | 440/4 | €32,027 | €4,752 | -€27,275 | -85.2% |
| Taxes, remuneration and social security | 45 | €57,004 | €37,395 | -€19,610 | -34.4% |
| Taxes | 450/3 | €28,823 | €22,100 | -€6,723 | -23.3% |
| Remuneration and social security | 454/9 | €28,182 | €15,295 | -€12,887 | -45.7% |
| Other amounts payable | 47/48 | €70 | €70 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €21,353 | €28,341 | +€6,988 | +32.7% |
| Turnover | 70 | €1,261,782 | €1,217,038 | -€44,744 | -3.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,127,991 | €1,087,861 | -€40,129 | -3.6% |
| Remuneration, social security and pensions | 62 | €68,314 | €62,998 | -€5,316 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,718 | €10,663 | +€945 | +9.7% |
| Other operating charges | 640/8 | €8,641 | €16,231 | +€7,590 | +87.8% |
| Gross operating margin | 9900 | €143,473 | €137,072 | -€6,401 | -4.5% |
| Operating profit (loss) | 9901 | €56,800 | €47,181 | -€9,620 | -16.9% |
| Financial income | 75/76B | €1,640 | €3,894 | +€2,254 | +137% |
| Recurring financial income | 75 | €1,640 | €3,894 | +€2,254 | +137% |
| Financial charges | 65/66B | €834 | €3,859 | +€3,026 | +363% |
| Recurring financial charges | 65 | €834 | €3,859 | +€3,026 | +363% |
| Profit (loss) for the period before taxes | 9903 | €57,606 | €47,215 | -€10,391 | -18.0% |
| Income taxes | 67/77 | €13,188 | €12,799 | -€389 | -2.9% |
| Profit (loss) for the period | 9904 | €44,418 | €34,415 | -€10,003 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,418 | €34,415 | -€10,003 | -22.5% |
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 13 October 2026 via checked.be.