AD ASTRA: 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.
AD ASTRA
Largest movements
- Tangible fixed assets +€86,770
up €86,770 (+60.6%), from €143,110 to €229,881
of which Other tangible fixed assets: +€75,139
- Stocks and contracts +€39,339
up €39,339 (+254%), from €15,512 to €54,852
- Receivables within one year +€26,309
up €26,309 (+98.5%), from €26,705 to €53,014
of which Other amounts receivable: +€26,523
- Cash -€15,188
down €15,188 (-92.7%), from €16,385 to €1,197
mainly Investment in fixed assets (net) (-€105,692) and Net result for the year (-€63,845)
- Intangible fixed assets +€7,904
up €7,904 (+55.8%), from €14,165 to €22,069
- Other debts +€208,505
up €208,505 (+60.0%), from €347,573 to €556,078
- Profit (loss) carried forward -€63,845
down €63,845 (-41.3%), from -€154,546 to -€218,391
- Gross operating margin -€43,136
down €43,136 (-611%), from -€7,065 to -€50,201
- Depreciation +€8,549
up €8,549 (+346%), from €2,469 to €11,017
- Staff costs +€1,876
new in 2025: €1,876
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 | €216,199 | €362,465 | +€146,266 | +67.7% |
| Fixed assets | 21/28 | €157,275 | €251,950 | +€94,674 | +60.2% |
| Intangible fixed assets | 21 | €14,165 | €22,069 | +€7,904 | +55.8% |
| Tangible fixed assets | 22/27 | €143,110 | €229,881 | +€86,770 | +60.6% |
| Furniture and vehicles | 24 | €3,328 | €5,059 | +€1,731 | +52.0% |
| Other tangible fixed assets | 26 | - | €75,139 | +€75,139 | |
| Assets under construction and advance payments | 27 | €139,782 | €149,682 | +€9,900 | +7.1% |
| Current assets | 29/58 | €58,923 | €110,516 | +€51,592 | +87.6% |
| Stocks and contracts in progress | 3 | €15,512 | €54,852 | +€39,339 | +254% |
| Stocks | 30/36 | €15,512 | €54,852 | +€39,339 | +254% |
| Amounts receivable within one year | 40/41 | €26,705 | €53,014 | +€26,309 | +98.5% |
| Trade receivables | 40 | €1,214 | €1,000 | -€214 | -17.6% |
| Other amounts receivable | 41 | €25,491 | €52,014 | +€26,523 | +104% |
| Cash at bank and in hand | 54/58 | €16,385 | €1,197 | -€15,188 | -92.7% |
| Deferred charges and accrued income | 490/1 | €321 | €1,453 | +€1,132 | +353% |
| Total equity and liabilities | 10/49 | €216,199 | €362,465 | +€146,266 | +67.7% |
| Equity | 10/15 | -€134,546 | -€198,391 | -€63,845 | -47.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,546 | -€218,391 | -€63,845 | -41.3% |
| Amounts payable | 17/49 | €350,745 | €560,856 | +€210,111 | +59.9% |
| Amounts payable within one year | 42/48 | €350,745 | €560,856 | +€210,111 | +59.9% |
| Trade debts | 44 | €3,172 | €4,708 | +€1,536 | +48.4% |
| Suppliers | 440/4 | €3,172 | €4,708 | +€1,536 | +48.4% |
| Taxes, remuneration and social security | 45 | - | €70 | +€70 | |
| Remuneration and social security | 454/9 | - | €70 | +€70 | |
| Other amounts payable | 47/48 | €347,573 | €556,078 | +€208,505 | +60.0% |
| Remuneration, social security and pensions | 62 | - | €1,876 | +€1,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,469 | €11,017 | +€8,549 | +346% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€7,065 | -€50,201 | -€43,136 | -611% |
| Operating profit (loss) | 9901 | -€9,922 | -€63,494 | -€53,573 | -540% |
| Financial income | 75/76B | €19 | €6 | -€13 | -68.4% |
| Recurring financial income | 75 | €19 | €6 | -€13 | -68.4% |
| Financial charges | 65/66B | €101 | €357 | +€256 | +254% |
| Recurring financial charges | 65 | €101 | €357 | +€256 | +254% |
| Profit (loss) for the period before taxes | 9903 | -€10,003 | -€63,845 | -€53,842 | -538% |
| Profit (loss) for the period | 9904 | -€10,003 | -€63,845 | -€53,842 | -538% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,003 | -€63,845 | -€53,842 | -538% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.