Ad-ASTA: 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.
Ad-ASTA
Largest movements
- Receivables within one year -€239,797
down €239,797 (-11.9%), from €2.0m to €1.8m
of which Trade receivables: -€263,069
- Tangible fixed assets -€68,717
down €68,717 (-20.4%), from €336,998 to €268,281
of which Other tangible fixed assets: -€65,520
- Cash -€48,028
down €48,028 (-49.1%), from €97,792 to €49,764
mainly Current portion of long-term debt (-€1.1m) and Tax, wage and social debts (-€115,160)
- Current portion of long-term debt -€1.1m
down €1.1m (-100.0%), from €1.1m to €0
- Debts after one year +€870,000
up €870,000 (+88.8%), from €980,000 to €1.9m
- Tax, wage and social debts -€115,160
down €115,160 (-49.8%), from €231,077 to €115,917
of which Taxes: -€113,450
- Accrued charges and deferred income -€93,868
down €93,868 (-28.8%), from €326,208 to €232,340
- Trade debts +€86,247
up €86,247 (+119.8%), from €71,967 to €158,214
- Staff costs +€156,134
up €156,134 (+13.8%), from €1.1m to €1.3m
- Gross operating margin +€29,296
up €29,296 (+2.1%), from €1.4m to €1.4m
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 | €2,571,339 | €2,209,133 | -€362,206 | -14.1% |
| Fixed assets | 21/28 | €400,673 | €331,956 | -€68,717 | -17.2% |
| Tangible fixed assets | 22/27 | €336,998 | €268,281 | -€68,717 | -20.4% |
| Furniture and vehicles | 24 | €11,646 | €8,450 | -€3,196 | -27.4% |
| Other tangible fixed assets | 26 | €325,352 | €259,832 | -€65,520 | -20.1% |
| Financial fixed assets | 28 | €63,675 | €63,675 | = | 0.0% |
| Current assets | 29/58 | €2,170,666 | €1,877,177 | -€293,489 | -13.5% |
| Amounts receivable within one year | 40/41 | €2,022,843 | €1,783,046 | -€239,797 | -11.9% |
| Trade receivables | 40 | €2,022,843 | €1,759,774 | -€263,069 | -13.0% |
| Other amounts receivable | 41 | - | €23,272 | +€23,272 | |
| Cash at bank and in hand | 54/58 | €97,792 | €49,764 | -€48,028 | -49.1% |
| Deferred charges and accrued income | 490/1 | €50,031 | €44,366 | -€5,665 | -11.3% |
| Total equity and liabilities | 10/49 | €2,571,339 | €2,209,133 | -€362,206 | -14.1% |
| Equity | 10/15 | -€87,913 | -€150,583 | -€62,670 | -71.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,913 | -€160,583 | -€62,670 | -64.0% |
| Amounts payable | 17/49 | €2,659,252 | €2,359,716 | -€299,536 | -11.3% |
| Amounts payable after more than one year | 17 | €980,000 | €1,850,000 | +€870,000 | +88.8% |
| Financial debts | 170/4 | €980,000 | €1,850,000 | +€870,000 | +88.8% |
| Amounts payable within one year | 42/48 | €1,353,044 | €277,376 | -€1.1m | -79.5% |
| Current portion of amounts payable after more than one year | 42 | €1,050,000 | €0 | -€1.1m | -100.0% |
| Financial debts | 43 | - | €3,246 | +€3,246 | |
| Credit institutions | 430/8 | - | €3,246 | +€3,246 | |
| Trade debts | 44 | €71,967 | €158,214 | +€86,247 | +119.8% |
| Suppliers | 440/4 | €71,967 | €158,214 | +€86,247 | +119.8% |
| Taxes, remuneration and social security | 45 | €231,077 | €115,917 | -€115,160 | -49.8% |
| Taxes | 450/3 | €113,450 | €0 | -€113,450 | -100.0% |
| Remuneration and social security | 454/9 | €117,627 | €115,917 | -€1,710 | -1.5% |
| Accrued charges and deferred income | 492/3 | €326,208 | €232,340 | -€93,868 | -28.8% |
| Remuneration, social security and pensions | 62 | €1,130,158 | €1,286,292 | +€156,134 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,416 | €70,660 | -€756 | -1.1% |
| Other operating charges | 640/8 | €30,973 | €32,857 | +€1,884 | +6.1% |
| Non-recurring operating charges | 66A | - | €6,246 | +€6,246 | |
| Gross operating margin | 9900 | €1,385,724 | €1,415,020 | +€29,296 | +2.1% |
| Operating profit (loss) | 9901 | €153,177 | €18,965 | -€134,212 | -87.6% |
| Financial income | 75/76B | €6,485 | €1,534 | -€4,951 | -76.3% |
| Recurring financial income | 75 | €6,485 | €1,534 | -€4,951 | -76.3% |
| Financial charges | 65/66B | €72,460 | €83,170 | +€10,710 | +14.8% |
| Recurring financial charges | 65 | €72,460 | €83,170 | +€10,710 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €87,202 | -€62,671 | -€149,873 | |
| Profit (loss) for the period | 9904 | €87,202 | -€62,671 | -€149,873 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,202 | -€62,671 | -€149,873 |
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 7 October 2026 via checked.be.