DR. KUMAR ASHISH: 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.
DR. KUMAR ASHISH
Largest movements
- Receivables within one year -€152,025
down €152,025 (-57.5%), from €264,257 to €112,232
of which Other amounts receivable: -€111,274
- Tangible fixed assets -€59,949
down €59,949 (-5.4%), from €1.1m to €1.1m
of which Plant, machinery and equipment: -€36,141
- Debts after one year -€153,345
down €153,345 (-9.6%), from €1.6m to €1.4m
- Tax, wage and social debts -€133,391
down €133,391 (-69.7%), from €191,342 to €57,950
of which Taxes: -€133,391
- Profit (loss) carried forward +€103,768
up €103,768 (+23.5%), from -€441,782 to -€338,014
- Trade debts -€37,659
down €37,659 (-97.8%), from €38,489 to €830
- Taxes +€152,931
up €152,931 (+56,144%), from €272 to €153,203
- Gross operating margin -€147,573
down €147,573 (-31.1%), from €474,799 to €327,226
- Depreciation +€37,986
up €37,986 (+173%), from €21,963 to €59,949
- Other operating charges +€9,252
up €9,252 (+978%), from €946 to €10,198
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 | €1,399,977 | €1,181,349 | -€218,627 | -15.6% |
| Fixed assets | 21/28 | €1,124,445 | €1,064,496 | -€59,949 | -5.3% |
| Tangible fixed assets | 22/27 | €1,117,580 | €1,057,631 | -€59,949 | -5.4% |
| Land and buildings | 22 | €847,499 | €847,307 | -€192 | 0.0% |
| Plant, machinery and equipment | 23 | €184,802 | €148,661 | -€36,141 | -19.6% |
| Furniture and vehicles | 24 | €23,617 | €16,312 | -€7,304 | -30.9% |
| Other tangible fixed assets | 26 | €61,662 | €45,350 | -€16,312 | -26.5% |
| Financial fixed assets | 28 | €6,865 | €6,865 | = | 0.0% |
| Current assets | 29/58 | €275,532 | €116,854 | -€158,678 | -57.6% |
| Amounts receivable within one year | 40/41 | €264,257 | €112,232 | -€152,025 | -57.5% |
| Trade receivables | 40 | €41,983 | €1,232 | -€40,750 | -97.1% |
| Other amounts receivable | 41 | €222,274 | €111,000 | -€111,274 | -50.1% |
| Cash at bank and in hand | 54/58 | €11,275 | €4,622 | -€6,654 | -59.0% |
| Total equity and liabilities | 10/49 | €1,399,977 | €1,181,349 | -€218,627 | -15.6% |
| Equity | 10/15 | -€421,322 | -€317,554 | +€103,768 | +24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€441,782 | -€338,014 | +€103,768 | +23.5% |
| Amounts payable | 17/49 | €1,821,299 | €1,498,903 | -€322,395 | -17.7% |
| Amounts payable after more than one year | 17 | €1,590,468 | €1,437,123 | -€153,345 | -9.6% |
| Other amounts payable | 178/9 | €1,590,468 | €1,437,123 | -€153,345 | -9.6% |
| Amounts payable within one year | 42/48 | €230,831 | €61,781 | -€169,050 | -73.2% |
| Current portion of amounts payable after more than one year | 42 | €1,000 | €3,000 | +€2,000 | +200% |
| Trade debts | 44 | €38,489 | €830 | -€37,659 | -97.8% |
| Suppliers | 440/4 | €38,489 | €830 | -€37,659 | -97.8% |
| Taxes, remuneration and social security | 45 | €191,342 | €57,950 | -€133,391 | -69.7% |
| Taxes | 450/3 | €191,342 | €57,950 | -€133,391 | -69.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,963 | €59,949 | +€37,986 | +173% |
| Other operating charges | 640/8 | €946 | €10,198 | +€9,252 | +978% |
| Gross operating margin | 9900 | €474,799 | €327,226 | -€147,573 | -31.1% |
| Operating profit (loss) | 9901 | €451,890 | €257,079 | -€194,810 | -43.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,788 | €108 | -€1,680 | -94.0% |
| Recurring financial charges | 65 | €1,788 | €108 | -€1,680 | -94.0% |
| Profit (loss) for the period before taxes | 9903 | €450,101 | €256,971 | -€193,130 | -42.9% |
| Income taxes | 67/77 | €272 | €153,203 | +€152,931 | +56,144% |
| Profit (loss) for the period | 9904 | €449,829 | €103,768 | -€346,061 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €449,829 | €103,768 | -€346,061 | -76.9% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.