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
- Cash +€54,966
up €54,966 (+71.7%), from €76,622 to €131,587
mainly Net result for the year (+€42,513) and Depreciation (+€11,608)
- Tangible fixed assets -€10,510
down €10,510 (-26.4%), from €39,774 to €29,264
- Reserves +€42,513
up €42,513 (+39.4%), from €108,024 to €150,538
of which Distributable reserves: +€42,513
- Gross operating margin +€27,724
up €27,724 (+61.6%), from €45,031 to €72,754
- Taxes +€7,950
up €7,950 (+80.0%), from €9,932 to €17,882
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,301 | €166,151 | +€44,850 | +37.0% |
| Fixed assets | 21/28 | €39,824 | €29,314 | -€10,510 | -26.4% |
| Tangible fixed assets | 22/27 | €39,774 | €29,264 | -€10,510 | -26.4% |
| Furniture and vehicles | 24 | €39,774 | €29,264 | -€10,510 | -26.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €81,477 | €136,837 | +€55,360 | +67.9% |
| Cash at bank and in hand | 54/58 | €76,622 | €131,587 | +€54,966 | +71.7% |
| Deferred charges and accrued income | 490/1 | €4,856 | €5,250 | +€395 | +8.1% |
| Total equity and liabilities | 10/49 | €121,301 | €166,151 | +€44,850 | +37.0% |
| Equity | 10/15 | €116,210 | €158,723 | +€42,513 | +36.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €108,024 | €150,538 | +€42,513 | +39.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €106,164 | €148,678 | +€42,513 | +40.0% |
| Profit (loss) carried forward | 14 | €1,985 | €1,985 | = | 0.0% |
| Amounts payable | 17/49 | €5,091 | €7,428 | +€2,337 | +45.9% |
| Amounts payable within one year | 42/48 | €5,091 | €7,428 | +€2,337 | +45.9% |
| Trade debts | 44 | €452 | €470 | +€18 | +4.0% |
| Suppliers | 440/4 | €452 | €470 | +€18 | +4.0% |
| Taxes, remuneration and social security | 45 | €2,851 | €4,233 | +€1,382 | +48.5% |
| Taxes | 450/3 | €2,851 | €4,233 | +€1,382 | +48.5% |
| Other amounts payable | 47/48 | €1,788 | €2,725 | +€937 | +52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,351 | €11,608 | +€258 | +2.3% |
| Other operating charges | 640/8 | €1,145 | €1,178 | +€33 | +2.9% |
| Gross operating margin | 9900 | €45,031 | €72,754 | +€27,724 | +61.6% |
| Operating profit (loss) | 9901 | €32,535 | €59,968 | +€27,433 | +84.3% |
| Financial income | 75/76B | €271 | €497 | +€226 | +83.7% |
| Recurring financial income | 75 | €271 | €497 | +€226 | +83.7% |
| Financial charges | 65/66B | €68 | €70 | +€2 | +3.0% |
| Recurring financial charges | 65 | €68 | €70 | +€2 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €32,737 | €60,395 | +€27,658 | +84.5% |
| Income taxes | 67/77 | €9,932 | €17,882 | +€7,950 | +80.0% |
| Profit (loss) for the period | 9904 | €22,805 | €42,513 | +€19,708 | +86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,805 | €42,513 | +€19,708 | +86.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.