ASHWELL CONTROLS: 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.
ASHWELL CONTROLS
Largest movements
- Receivables within one year -€560,500
down €560,500 (-29.6%), from €1.9m to €1.3m
of which Trade receivables: -€551,396
- Stocks and contracts +€294,802
up €294,802 (+1734.3%), from €16,999 to €311,801
- Cash -€201,215
down €201,215 (-76.0%), from €264,876 to €63,661
mainly Trade debts (-€391,306) and Stocks and contracts (-€294,802)
- Trade debts -€391,306
down €391,306 (-20.2%), from €1.9m to €1.5m
- Profit (loss) carried forward -€111,550
down €111,550 (-77.4%), from €144,098 to €32,548
- Other debts +€32,203
up €32,203 (+12.8%), from €250,950 to €283,153
- Gross operating margin -€85,589
down €85,589, from €46,554 to -€39,036
- Financial charges +€68,586
up €68,586 (+2328.7%), from €2,945 to €71,531
- Taxes -€23,718
no longer reported in 2025 (was €23,718)
- Financial income -€1,830
down €1,830 (-97.0%), from €1,888 to €57
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 | €2,367,594 | €1,900,681 | -€466,913 | -19.7% |
| Current assets | 29/58 | €2,367,594 | €1,900,681 | -€466,913 | -19.7% |
| Stocks and contracts in progress | 3 | €16,999 | €311,801 | +€294,802 | +1734.3% |
| Stocks | 30/36 | €16,999 | €311,801 | +€294,802 | +1734.3% |
| Amounts receivable within one year | 40/41 | €1,896,413 | €1,335,913 | -€560,500 | -29.6% |
| Trade receivables | 40 | €1,862,929 | €1,311,533 | -€551,396 | -29.6% |
| Other amounts receivable | 41 | €33,484 | €24,379 | -€9,104 | -27.2% |
| Cash at bank and in hand | 54/58 | €264,876 | €63,661 | -€201,215 | -76.0% |
| Deferred charges and accrued income | 490/1 | €189,307 | €189,307 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,367,594 | €1,900,681 | -€466,913 | -19.7% |
| Equity | 10/15 | €159,098 | €47,548 | -€111,550 | -70.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,098 | €32,548 | -€111,550 | -77.4% |
| Amounts payable | 17/49 | €2,208,496 | €1,853,133 | -€355,363 | -16.1% |
| Amounts payable within one year | 42/48 | €2,208,496 | €1,853,133 | -€355,363 | -16.1% |
| Trade debts | 44 | €1,939,396 | €1,548,090 | -€391,306 | -20.2% |
| Suppliers | 440/4 | €1,939,396 | €1,548,090 | -€391,306 | -20.2% |
| Taxes, remuneration and social security | 45 | €18,151 | €21,890 | +€3,739 | +20.6% |
| Taxes | 450/3 | €18,151 | €21,890 | +€3,739 | +20.6% |
| Other amounts payable | 47/48 | €250,950 | €283,153 | +€32,203 | +12.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €1,270 | €1,040 | -€230 | -18.1% |
| Gross operating margin | 9900 | €46,554 | -€39,036 | -€85,589 | |
| Operating profit (loss) | 9901 | €45,283 | -€40,076 | -€85,359 | |
| Financial income | 75/76B | €1,888 | €57 | -€1,830 | -97.0% |
| Recurring financial income | 75 | €1,888 | €57 | -€1,830 | -97.0% |
| Financial charges | 65/66B | €2,945 | €71,531 | +€68,586 | +2328.7% |
| Recurring financial charges | 65 | €2,945 | €71,531 | +€68,586 | +2328.7% |
| Profit (loss) for the period before taxes | 9903 | €44,226 | -€111,550 | -€155,775 | |
| Income taxes | 67/77 | €23,718 | - | -€23,718 | |
| Profit (loss) for the period | 9904 | €20,508 | -€111,550 | -€132,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,508 | -€111,550 | -€132,057 |
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 3 October 2026 via checked.be.