AST 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.
AST MANAGEMENT
Largest movements
- Cash +€4,426
up €4,426 (+56.2%), from €7,874 to €12,300
mainly Other debts (+€19,343) and Receivables within one year (+€4,186)
- Receivables within one year -€4,186
down €4,186 (-33.8%), from €12,378 to €8,193
- Tangible fixed assets -€1,121
no longer reported in 2025 (was €1,121)
- Other debts +€19,343
new in 2025: €19,343
- Profit (loss) carried forward -€15,668
down €15,668 (-94.2%), from €16,640 to €972
- Tax, wage and social debts -€4,350
down €4,350 (-66.5%), from €6,540 to €2,191
of which Taxes: -€2,823
- Financial charges +€3,129
up €3,129 (+5,522%), from €57 to €3,186
- Gross operating margin +€2,238
up €2,238 (+29.6%), from €7,556 to €9,794
- Taxes -€193
down €193 (-8.9%), from €2,163 to €1,970
- Other operating charges +€185
new in 2025: €185
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 | €24,230 | €23,553 | -€677 | -2.8% |
| Fixed assets | 21/28 | €1,271 | €150 | -€1,121 | -88.2% |
| Tangible fixed assets | 22/27 | €1,121 | - | -€1,121 | |
| Other tangible fixed assets | 26 | €1,121 | - | -€1,121 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €22,959 | €23,403 | +€444 | +1.9% |
| Amounts receivable within one year | 40/41 | €12,378 | €8,193 | -€4,186 | -33.8% |
| Trade receivables | 40 | €12,378 | €8,193 | -€4,186 | -33.8% |
| Cash at bank and in hand | 54/58 | €7,874 | €12,300 | +€4,426 | +56.2% |
| Deferred charges and accrued income | 490/1 | €2,707 | €2,911 | +€204 | +7.5% |
| Total equity and liabilities | 10/49 | €24,230 | €23,553 | -€677 | -2.8% |
| Equity | 10/15 | €17,640 | €1,972 | -€15,668 | -88.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,640 | €972 | -€15,668 | -94.2% |
| Amounts payable | 17/49 | €6,591 | €21,581 | +€14,990 | +227% |
| Amounts payable within one year | 42/48 | €6,591 | €21,581 | +€14,990 | +227% |
| Trade debts | 44 | €50 | €47 | -€3 | -6.2% |
| Suppliers | 440/4 | €50 | €47 | -€3 | -6.2% |
| Taxes, remuneration and social security | 45 | €6,540 | €2,191 | -€4,350 | -66.5% |
| Taxes | 450/3 | €5,013 | €2,191 | -€2,823 | -56.3% |
| Remuneration and social security | 454/9 | €1,527 | - | -€1,527 | |
| Other amounts payable | 47/48 | - | €19,343 | +€19,343 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,078 | €1,121 | +€43 | +4.0% |
| Other operating charges | 640/8 | - | €185 | +€185 | |
| Gross operating margin | 9900 | €7,556 | €9,794 | +€2,238 | +29.6% |
| Operating profit (loss) | 9901 | €6,478 | €8,488 | +€2,010 | +31.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €57 | €3,186 | +€3,129 | +5,522% |
| Recurring financial charges | 65 | €57 | €3,186 | +€3,129 | +5,522% |
| Profit (loss) for the period before taxes | 9903 | €6,421 | €5,302 | -€1,119 | -17.4% |
| Income taxes | 67/77 | €2,163 | €1,970 | -€193 | -8.9% |
| Profit (loss) for the period | 9904 | €4,258 | €3,332 | -€926 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,258 | €3,332 | -€926 | -21.7% |
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 17 October 2026 via checked.be.