Value Ash Technologies: 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.
Value Ash Technologies
Largest movements
- Stocks and contracts -€189,211
down €189,211 (-80.8%), from €234,211 to €45,000
- Intangible fixed assets -€33,101
down €33,101 (-22.0%), from €150,384 to €117,283
- Receivables within one year +€9,331
up €9,331 (+28.5%), from €32,796 to €42,127
- Advances received -€192,928
down €192,928 (-92.6%), from €208,416 to €15,488
- Profit (loss) carried forward -€111,025
down €111,025 (-18.5%), from -€600,889 to -€711,914
- Short-term financial debts +€66,765
up €66,765 (+154.2%), from €43,291 to €110,056
of which Other loans: +€67,200
- Debts after one year +€62,168
up €62,168 (+17.2%), from €360,550 to €422,718
- Trade debts -€22,545
down €22,545 (-30.5%), from €73,932 to €51,387
- Financial charges +€38,327
up €38,327 (+1134.9%), from €3,377 to €41,704
- Gross operating margin -€14,595
down €14,595 (-58.9%), from -€24,776 to -€39,371
- Financial income -€7,497
down €7,497 (-40.3%), from €18,615 to €11,118
- Depreciation +€581
up €581 (+1.5%), from €39,905 to €40,486
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,331 | €207,351 | -€212,981 | -50.7% |
| Fixed assets | 21/28 | €153,324 | €120,223 | -€33,101 | -21.6% |
| Intangible fixed assets | 21 | €150,384 | €117,283 | -€33,101 | -22.0% |
| Financial fixed assets | 28 | €2,940 | €2,940 | = | 0.0% |
| Current assets | 29/58 | €267,007 | €87,127 | -€179,880 | -67.4% |
| Stocks and contracts in progress | 3 | €234,211 | €45,000 | -€189,211 | -80.8% |
| Stocks | 30/36 | €234,211 | €45,000 | -€189,211 | -80.8% |
| Amounts receivable within one year | 40/41 | €32,796 | €42,127 | +€9,331 | +28.5% |
| Other amounts receivable | 41 | €32,796 | €42,127 | +€9,331 | +28.5% |
| Total equity and liabilities | 10/49 | €420,331 | €207,351 | -€212,981 | -50.7% |
| Equity | 10/15 | -€287,027 | -€409,168 | -€122,141 | -42.6% |
| Contributions | 10/11 | €282,000 | €282,000 | = | 0.0% |
| Capital | 10 | €282,000 | €282,000 | = | 0.0% |
| Issued capital | 100 | €282,000 | €282,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€600,889 | -€711,914 | -€111,025 | -18.5% |
| Investment grants | 15 | €31,862 | €20,746 | -€11,115 | -34.9% |
| Amounts payable | 17/49 | €707,359 | €616,518 | -€90,840 | -12.8% |
| Amounts payable after more than one year | 17 | €360,550 | €422,718 | +€62,168 | +17.2% |
| Financial debts | 170/4 | €360,550 | €422,718 | +€62,168 | +17.2% |
| Amounts payable within one year | 42/48 | €346,809 | €193,801 | -€153,008 | -44.1% |
| Financial debts | 43 | €43,291 | €110,056 | +€66,765 | +154.2% |
| Credit institutions | 430/8 | €25,491 | €25,056 | -€435 | -1.7% |
| Other loans | 439 | €17,800 | €85,000 | +€67,200 | +377.5% |
| Trade debts | 44 | €73,932 | €51,387 | -€22,545 | -30.5% |
| Suppliers | 440/4 | €73,932 | €51,387 | -€22,545 | -30.5% |
| Advances received on contracts in progress | 46 | €208,416 | €15,488 | -€192,928 | -92.6% |
| Other amounts payable | 47/48 | €21,170 | €16,870 | -€4,300 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,905 | €40,486 | +€581 | +1.5% |
| Other operating charges | 640/8 | €591 | €582 | -€9 | -1.5% |
| Gross operating margin | 9900 | -€24,776 | -€39,371 | -€14,595 | -58.9% |
| Operating profit (loss) | 9901 | -€65,272 | -€80,439 | -€15,167 | -23.2% |
| Financial income | 75/76B | €18,615 | €11,118 | -€7,497 | -40.3% |
| Recurring financial income | 75 | €18,615 | €11,118 | -€7,497 | -40.3% |
| Financial charges | 65/66B | €3,377 | €41,704 | +€38,327 | +1134.9% |
| Recurring financial charges | 65 | €3,377 | €41,704 | +€38,327 | +1134.9% |
| Profit (loss) for the period before taxes | 9903 | -€50,034 | -€111,025 | -€60,991 | -121.9% |
| Profit (loss) for the period | 9904 | -€50,034 | -€111,025 | -€60,991 | -121.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,034 | -€111,025 | -€60,991 | -121.9% |
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 8 October 2026 via checked.be.