a-STATE: 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.
a-STATE
Largest movements
- Cash -€316,511
down €316,511 (-70.0%), from €452,074 to €135,563
mainly Receivables within one year (-€277,075) and Contributions, distributions and other (-€86,801)
- Receivables within one year +€277,075
up €277,075, from €0 to €277,075
of which Other amounts receivable: +€256,505
- Tangible fixed assets +€47,870
up €47,870 (+10063.4%), from €476 to €48,345
of which Land and buildings: +€26,343
- Reserves +€10,359
up €10,359 (+2.4%), from €424,222 to €434,581
- Gross operating margin +€4,499
up €4,499 (+3.3%), from €135,897 to €140,396
- Depreciation +€3,104
up €3,104 (+624.1%), from €497 to €3,601
- Financial income +€2,843
up €2,843 (+408.1%), from €697 to €3,539
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 | €453,411 | €461,842 | +€8,431 | +1.9% |
| Fixed assets | 21/28 | €476 | €48,345 | +€47,870 | +10063.4% |
| Tangible fixed assets | 22/27 | €476 | €48,345 | +€47,870 | +10063.4% |
| Land and buildings | 22 | - | €26,343 | +€26,343 | |
| Furniture and vehicles | 24 | €476 | €22,002 | +€21,527 | +4525.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €452,936 | €413,497 | -€39,439 | -8.7% |
| Amounts receivable within one year | 40/41 | €0 | €277,075 | +€277,075 | |
| Trade receivables | 40 | €0 | €20,570 | +€20,570 | |
| Other amounts receivable | 41 | - | €256,505 | +€256,505 | |
| Cash at bank and in hand | 54/58 | €452,074 | €135,563 | -€316,511 | -70.0% |
| Deferred charges and accrued income | 490/1 | €861 | €858 | -€3 | -0.4% |
| Total equity and liabilities | 10/49 | €453,411 | €461,842 | +€8,431 | +1.9% |
| Equity | 10/15 | €430,422 | €440,781 | +€10,359 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €424,222 | €434,581 | +€10,359 | +2.4% |
| Distributable reserves | 133 | €424,222 | €434,581 | +€10,359 | +2.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,990 | €21,061 | -€1,928 | -8.4% |
| Amounts payable within one year | 42/48 | €22,307 | €20,151 | -€2,155 | -9.7% |
| Trade debts | 44 | €1,409 | €505 | -€904 | -64.2% |
| Suppliers | 440/4 | €1,409 | €505 | -€904 | -64.2% |
| Taxes, remuneration and social security | 45 | €12,812 | €10,431 | -€2,382 | -18.6% |
| Taxes | 450/3 | €12,812 | €10,431 | -€2,382 | -18.6% |
| Other amounts payable | 47/48 | €8,086 | €9,216 | +€1,130 | +14.0% |
| Accrued charges and deferred income | 492/3 | €683 | €910 | +€227 | +33.2% |
| Non-recurring operating income | 76A | - | €2,893 | +€2,893 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €497 | €3,601 | +€3,104 | +624.1% |
| Other operating charges | 640/8 | €679 | €1,443 | +€764 | +112.6% |
| Gross operating margin | 9900 | €135,897 | €140,396 | +€4,499 | +3.3% |
| Operating profit (loss) | 9901 | €134,721 | €135,352 | +€631 | +0.5% |
| Financial income | 75/76B | €697 | €3,539 | +€2,843 | +408.1% |
| Recurring financial income | 75 | €697 | €3,539 | +€2,843 | +408.1% |
| Financial charges | 65/66B | €1,300 | €698 | -€602 | -46.3% |
| Recurring financial charges | 65 | €1,300 | €698 | -€602 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €134,117 | €138,193 | +€4,076 | +3.0% |
| Income taxes | 67/77 | €39,776 | €41,032 | +€1,257 | +3.2% |
| Profit (loss) for the period | 9904 | €94,342 | €97,161 | +€2,819 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,342 | €97,161 | +€2,819 | +3.0% |
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 6 October 2026 via checked.be.