AESTAS: 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.
AESTAS
Largest movements
- Cash +€123,562
up €123,562 (+296.3%), from €41,706 to €165,269
mainly Net result for the year (+€257,719) and Depreciation (+€76,717)
- Tangible fixed assets +€31,015
up €31,015 (+1.6%), from €2.0m to €2.0m
of which Land and buildings: +€43,725
- Reserves +€257,719
up €257,719 (+45.3%), from €569,115 to €826,834
of which Distributable reserves: +€268,028
- Other debts -€79,405
down €79,405 (-9.6%), from €830,181 to €750,776
- Tax, wage and social debts -€23,896
down €23,896 (-54.0%), from €44,221 to €20,325
of which Taxes: -€26,337
- Gross operating margin +€191,240
up €191,240 (+84.5%), from €226,279 to €417,519
- Taxes +€49,608
up €49,608 (+112.2%), from €44,232 to €93,840
- Financial income +€25,182
up €25,182 (+23.7%), from €106,477 to €131,660
of which Non-recurring financial income: +€41,267
- Staff costs +€9,773
up €9,773 (+16.3%), from €59,782 to €69,555
- Depreciation -€4,685
down €4,685 (-5.8%), from €81,402 to €76,717
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 | €2,097,407 | €2,245,466 | +€148,059 | +7.1% |
| Fixed assets | 21/28 | €2,014,147 | €2,045,161 | +€31,015 | +1.5% |
| Tangible fixed assets | 22/27 | €1,996,592 | €2,027,607 | +€31,015 | +1.6% |
| Land and buildings | 22 | €1,659,933 | €1,703,659 | +€43,725 | +2.6% |
| Plant, machinery and equipment | 23 | €14,668 | €13,827 | -€840 | -5.7% |
| Furniture and vehicles | 24 | €321,991 | €310,120 | -€11,870 | -3.7% |
| Financial fixed assets | 28 | €17,555 | €17,555 | -€0 | 0.0% |
| Current assets | 29/58 | €83,260 | €200,304 | +€117,044 | +140.6% |
| Amounts receivable within one year | 40/41 | €35,752 | €28,435 | -€7,317 | -20.5% |
| Trade receivables | 40 | €35,752 | €20,311 | -€15,441 | -43.2% |
| Other amounts receivable | 41 | €0 | €8,124 | +€8,124 | |
| Cash at bank and in hand | 54/58 | €41,706 | €165,269 | +€123,562 | +296.3% |
| Deferred charges and accrued income | 490/1 | €5,802 | €6,601 | +€799 | +13.8% |
| Total equity and liabilities | 10/49 | €2,097,407 | €2,245,466 | +€148,059 | +7.1% |
| Equity | 10/15 | €1,169,131 | €1,426,849 | +€257,719 | +22.0% |
| Contributions | 10/11 | €600,016 | €600,016 | = | 0.0% |
| Outside capital | 11 | €600,016 | €600,016 | = | 0.0% |
| Share premium | 1100/10 | €16 | €16 | = | 0.0% |
| Other | 1109/19 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €569,115 | €826,834 | +€257,719 | +45.3% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €60,000 | €60,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €218,525 | €208,216 | -€10,309 | -4.7% |
| Distributable reserves | 133 | €290,590 | €558,618 | +€268,028 | +92.2% |
| Provisions and deferred taxes | 16 | €41,442 | €38,005 | -€3,436 | -8.3% |
| Deferred taxes | 168 | €41,442 | €38,005 | -€3,436 | -8.3% |
| Amounts payable | 17/49 | €886,834 | €780,611 | -€106,223 | -12.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €886,834 | €780,611 | -€106,223 | -12.0% |
| Trade debts | 44 | €12,432 | €9,510 | -€2,922 | -23.5% |
| Suppliers | 440/4 | €12,432 | €9,510 | -€2,922 | -23.5% |
| Taxes, remuneration and social security | 45 | €44,221 | €20,325 | -€23,896 | -54.0% |
| Taxes | 450/3 | €39,830 | €13,494 | -€26,337 | -66.1% |
| Remuneration and social security | 454/9 | €4,391 | €6,831 | +€2,441 | +55.6% |
| Other amounts payable | 47/48 | €830,181 | €750,776 | -€79,405 | -9.6% |
| Non-recurring operating income | 76A | - | €250,000 | +€250,000 | |
| Remuneration, social security and pensions | 62 | €59,782 | €69,555 | +€9,773 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,402 | €76,717 | -€4,685 | -5.8% |
| Other operating charges | 640/8 | €17,221 | €15,784 | -€1,437 | -8.3% |
| Gross operating margin | 9900 | €226,279 | €417,519 | +€191,240 | +84.5% |
| Operating profit (loss) | 9901 | €67,874 | €255,463 | +€187,589 | +276.4% |
| Financial income | 75/76B | €106,477 | €131,660 | +€25,182 | +23.7% |
| Recurring financial income | 75 | €106,477 | €90,392 | -€16,085 | -15.1% |
| Non-recurring financial income | 76B | - | €41,267 | +€41,267 | |
| Financial charges | 65/66B | €41,862 | €39,000 | -€2,862 | -6.8% |
| Recurring financial charges | 65 | €41,862 | €39,000 | -€2,862 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €132,489 | €348,123 | +€215,633 | +162.8% |
| Transfer from deferred taxes | 780 | €3,436 | €3,436 | = | 0.0% |
| Income taxes | 67/77 | €44,232 | €93,840 | +€49,608 | +112.2% |
| Profit (loss) for the period | 9904 | €91,693 | €257,719 | +€166,025 | +181.1% |
| Transfer from tax-exempt reserves | 789 | €10,309 | €10,309 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,002 | €268,028 | +€166,025 | +162.8% |
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 4 October 2026 via checked.be.