AD ASTRA MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€77,676
up €77,676 (+426%), from €18,248 to €95,924
mainly Net result for the year (+€145,996) and Other debts (+€100,498)
- Receivables within one year +€39,648
up €39,648 (+222%), from €17,823 to €57,471
of which Other amounts receivable: +€34,805
- Tangible fixed assets +€11,475
up €11,475 (+66.3%), from €17,316 to €28,791
of which Furniture and vehicles: +€10,937
- Deferred charges and accrued income +€2,531
up €2,531 (+21.8%), from €11,638 to €14,169
- Other debts +€100,498
up €100,498 (+248%), from €40,501 to €140,998
- Short-term financial debts +€33,929
up €33,929 (+3,998%), from €849 to €34,777
- Debts after one year -€3,621
down €3,621 (-63.2%), from €5,733 to €2,111
- Gross operating margin +€163,072
up €163,072 (+589%), from €27,678 to €190,750
- Taxes +€44,315
up €44,315 (+693%), from €6,397 to €50,712
- Write-downs -€26,193
down €26,193, from €13,097 to -€13,097
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 | €65,025 | €196,355 | +€131,330 | +202% |
| Fixed assets | 21/28 | €17,316 | €28,791 | +€11,475 | +66.3% |
| Tangible fixed assets | 22/27 | €17,316 | €28,791 | +€11,475 | +66.3% |
| Furniture and vehicles | 24 | €0 | €10,937 | +€10,937 | |
| Other tangible fixed assets | 26 | €17,316 | €17,854 | +€538 | +3.1% |
| Current assets | 29/58 | €47,709 | €167,564 | +€119,855 | +251% |
| Amounts receivable within one year | 40/41 | €17,823 | €57,471 | +€39,648 | +222% |
| Trade receivables | 40 | €11,051 | €15,894 | +€4,843 | +43.8% |
| Other amounts receivable | 41 | €6,772 | €41,578 | +€34,805 | +514% |
| Cash at bank and in hand | 54/58 | €18,248 | €95,924 | +€77,676 | +426% |
| Deferred charges and accrued income | 490/1 | €11,638 | €14,169 | +€2,531 | +21.8% |
| Total equity and liabilities | 10/49 | €65,025 | €196,355 | +€131,330 | +202% |
| Equity | 10/15 | €4,680 | €5,676 | +€996 | +21.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,680 | €2,676 | +€996 | +59.3% |
| Amounts payable | 17/49 | €60,346 | €190,679 | +€130,334 | +216% |
| Amounts payable after more than one year | 17 | €5,733 | €2,111 | -€3,621 | -63.2% |
| Financial debts | 170/4 | €5,733 | €2,111 | -€3,621 | -63.2% |
| Amounts payable within one year | 42/48 | €54,097 | €188,478 | +€134,380 | +248% |
| Current portion of amounts payable after more than one year | 42 | €5,088 | €3,621 | -€1,466 | -28.8% |
| Financial debts | 43 | €849 | €34,777 | +€33,929 | +3,998% |
| Credit institutions | 430/8 | €849 | €34,777 | +€33,929 | +3,998% |
| Trade debts | 44 | €3,427 | €4,943 | +€1,516 | +44.2% |
| Suppliers | 440/4 | €3,427 | €4,943 | +€1,516 | +44.2% |
| Taxes, remuneration and social security | 45 | €4,233 | €4,138 | -€96 | -2.3% |
| Taxes | 450/3 | €4,233 | €2,077 | -€2,156 | -50.9% |
| Remuneration and social security | 454/9 | - | €2,060 | +€2,060 | |
| Other amounts payable | 47/48 | €40,501 | €140,998 | +€100,498 | +248% |
| Accrued charges and deferred income | 492/3 | €515 | €90 | -€425 | -82.5% |
| Non-recurring operating income | 76A | - | €210,000 | +€210,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,694 | €2,975 | +€281 | +10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,097 | -€13,097 | -€26,193 | |
| Other operating charges | 640/8 | €1,358 | €1,446 | +€88 | +6.5% |
| Gross operating margin | 9900 | €27,678 | €190,750 | +€163,072 | +589% |
| Operating profit (loss) | 9901 | €10,530 | €199,425 | +€188,895 | +1,794% |
| Financial income | 75/76B | €0 | €289 | +€289 | |
| Recurring financial income | 75 | €0 | €289 | +€289 | |
| Financial charges | 65/66B | €3,305 | €3,006 | -€299 | -9.0% |
| Recurring financial charges | 65 | €3,305 | €3,006 | -€299 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €7,225 | €196,708 | +€189,483 | +2,623% |
| Income taxes | 67/77 | €6,397 | €50,712 | +€44,315 | +693% |
| Profit (loss) for the period | 9904 | €828 | €145,996 | +€145,168 | +17,527% |
| Profit (loss) for the period to be appropriated | 9905 | €828 | €145,996 | +€145,168 | +17,527% |
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 27 October 2026 via checked.be.