AESTAS: 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.
AESTAS
Largest movements
- Receivables within one year +€67,266
up €67,266 (+201%), from €33,465 to €100,731
of which Other amounts receivable: +€66,517
- Receivables after one year -€42,500
down €42,500 (-36.2%), from €117,500 to €75,000
- Cash -€19,367
down €19,367 (-26.8%), from €72,206 to €52,839
mainly Contributions, distributions and other (-€76,246) and Receivables within one year (-€67,266)
- Deferred charges and accrued income +€3,964
up €3,964 (+90.6%), from €4,377 to €8,340
- Reserves +€47,699
up €47,699 (+20.3%), from €234,723 to €282,422
- Other debts -€21,950
down €21,950 (-92.9%), from €23,616 to €1,666
- Debts after one year -€10,249
down €10,249 (-70.3%), from €14,583 to €4,334
- Short-term financial debts +€5,678
up €5,678 (+623%), from €912 to €6,590
of which Credit institutions: +€4,766
- Current portion of long-term debt -€4,952
down €4,952 (-32.6%), from €15,202 to €10,249
- Gross operating margin +€86,607
up €86,607 (+67.8%), from €127,716 to €214,323
- Taxes +€29,674
up €29,674 (+103%), from €28,714 to €58,388
- Other operating charges -€11,374
down €11,374 (-68.3%), from €16,653 to €5,279
- Depreciation +€7,219
up €7,219 (+39.1%), from €18,459 to €25,678
- Financial income -€3,291
down €3,291 (-93.0%), from €3,537 to €246
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 | €322,998 | €330,529 | +€7,532 | +2.3% |
| Fixed assets | 21/28 | €95,450 | €93,619 | -€1,831 | -1.9% |
| Tangible fixed assets | 22/27 | €95,450 | €93,619 | -€1,831 | -1.9% |
| Land and buildings | 22 | €45,677 | €36,541 | -€9,135 | -20.0% |
| Plant, machinery and equipment | 23 | €8,252 | €7,342 | -€910 | -11.0% |
| Furniture and vehicles | 24 | €33,194 | €42,595 | +€9,401 | +28.3% |
| Other tangible fixed assets | 26 | €8,327 | €7,140 | -€1,187 | -14.3% |
| Current assets | 29/58 | €227,548 | €236,911 | +€9,363 | +4.1% |
| Amounts receivable after more than one year | 29 | €117,500 | €75,000 | -€42,500 | -36.2% |
| Other amounts receivable | 291 | €117,500 | €75,000 | -€42,500 | -36.2% |
| Amounts receivable within one year | 40/41 | €33,465 | €100,731 | +€67,266 | +201% |
| Trade receivables | 40 | €32,765 | €33,514 | +€749 | +2.3% |
| Other amounts receivable | 41 | €700 | €67,217 | +€66,517 | +9,499% |
| Cash at bank and in hand | 54/58 | €72,206 | €52,839 | -€19,367 | -26.8% |
| Deferred charges and accrued income | 490/1 | €4,377 | €8,340 | +€3,964 | +90.6% |
| Total equity and liabilities | 10/49 | €322,998 | €330,529 | +€7,532 | +2.3% |
| Equity | 10/15 | €234,818 | €282,517 | +€47,699 | +20.3% |
| Contributions | 10/11 | €95 | €95 | = | 0.0% |
| Reserves | 13 | €234,723 | €282,422 | +€47,699 | +20.3% |
| Distributable reserves | 133 | €234,723 | €282,422 | +€47,699 | +20.3% |
| Amounts payable | 17/49 | €88,180 | €48,012 | -€40,167 | -45.6% |
| Amounts payable after more than one year | 17 | €14,583 | €4,334 | -€10,249 | -70.3% |
| Financial debts | 170/4 | €14,583 | €4,334 | -€10,249 | -70.3% |
| Amounts payable within one year | 42/48 | €72,725 | €42,808 | -€29,918 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €15,202 | €10,249 | -€4,952 | -32.6% |
| Financial debts | 43 | €912 | €6,590 | +€5,678 | +623% |
| Credit institutions | 430/8 | €912 | €5,678 | +€4,766 | +523% |
| Other loans | 439 | - | €912 | +€912 | |
| Trade debts | 44 | €9,156 | €4,725 | -€4,431 | -48.4% |
| Suppliers | 440/4 | €9,156 | €4,725 | -€4,431 | -48.4% |
| Taxes, remuneration and social security | 45 | €23,840 | €19,577 | -€4,263 | -17.9% |
| Taxes | 450/3 | €23,840 | €19,577 | -€4,263 | -17.9% |
| Other amounts payable | 47/48 | €23,616 | €1,666 | -€21,950 | -92.9% |
| Accrued charges and deferred income | 492/3 | €871 | €871 | = | 0.0% |
| Non-recurring operating income | 76A | - | €124 | +€124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,459 | €25,678 | +€7,219 | +39.1% |
| Other operating charges | 640/8 | €16,653 | €5,279 | -€11,374 | -68.3% |
| Gross operating margin | 9900 | €127,716 | €214,323 | +€86,607 | +67.8% |
| Operating profit (loss) | 9901 | €92,604 | €183,366 | +€90,762 | +98.0% |
| Financial income | 75/76B | €3,537 | €246 | -€3,291 | -93.0% |
| Recurring financial income | 75 | €3,537 | €246 | -€3,291 | -93.0% |
| Financial charges | 65/66B | €4,130 | €1,279 | -€2,851 | -69.0% |
| Recurring financial charges | 65 | €4,130 | €1,279 | -€2,851 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | €92,011 | €182,333 | +€90,322 | +98.2% |
| Income taxes | 67/77 | €28,714 | €58,388 | +€29,674 | +103% |
| Profit (loss) for the period | 9904 | €63,297 | €123,945 | +€60,649 | +95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,297 | €123,945 | +€60,649 | +95.8% |
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 19 October 2026 via checked.be.