AST & R: 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.
AST & R
Largest movements
- Tangible fixed assets -€4,767
down €4,767 (-21.3%), from €22,330 to €17,563
- Cash -€2,088
down €2,088 (-25.2%), from €8,278 to €6,190
mainly Other debts (-€7,790) and Debts after one year (-€5,895)
- Receivables within one year +€881
up €881 (+18.1%), from €4,866 to €5,747
- Other debts -€7,790
down €7,790 (-54.6%), from €14,270 to €6,480
- Debts after one year -€5,895
down €5,895 (-35.0%), from €16,859 to €10,964
- Tax, wage and social debts +€5,032
up €5,032 (+45.4%), from €11,092 to €16,123
of which Taxes: +€2,772
- Profit (loss) carried forward +€2,623
up €2,623 (+18.8%), from €13,990 to €16,613
- Gross operating margin -€12,771
down €12,771 (-47.8%), from €26,698 to €13,927
- Taxes -€1,082
down €1,082 (-24.0%), from €4,500 to €3,418
- Financial income -€703
no longer reported in 2025 (was €703)
- Other operating charges -€525
down €525 (-35.8%), from €1,466 to €941
- Financial charges -€501
down €501 (-28.1%), from €1,779 to €1,278
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 | €65,344 | €59,370 | -€5,975 | -9.1% |
| Fixed assets | 21/28 | €52,200 | €47,433 | -€4,767 | -9.1% |
| Tangible fixed assets | 22/27 | €22,330 | €17,563 | -€4,767 | -21.3% |
| Furniture and vehicles | 24 | €22,330 | €17,563 | -€4,767 | -21.3% |
| Financial fixed assets | 28 | €29,870 | €29,870 | = | 0.0% |
| Current assets | 29/58 | €13,144 | €11,937 | -€1,207 | -9.2% |
| Amounts receivable within one year | 40/41 | €4,866 | €5,747 | +€881 | +18.1% |
| Trade receivables | 40 | €4,866 | €5,747 | +€881 | +18.1% |
| Cash at bank and in hand | 54/58 | €8,278 | €6,190 | -€2,088 | -25.2% |
| Total equity and liabilities | 10/49 | €65,344 | €59,370 | -€5,975 | -9.1% |
| Equity | 10/15 | €14,990 | €17,613 | +€2,623 | +17.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,990 | €16,613 | +€2,623 | +18.8% |
| Amounts payable | 17/49 | €50,354 | €41,756 | -€8,598 | -17.1% |
| Amounts payable after more than one year | 17 | €16,859 | €10,964 | -€5,895 | -35.0% |
| Financial debts | 170/4 | €16,859 | €10,964 | -€5,895 | -35.0% |
| Amounts payable within one year | 42/48 | €33,495 | €30,792 | -€2,703 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €5,641 | €5,895 | +€254 | +4.5% |
| Trade debts | 44 | €2,493 | €2,294 | -€199 | -8.0% |
| Suppliers | 440/4 | €2,493 | €2,294 | -€199 | -8.0% |
| Taxes, remuneration and social security | 45 | €11,092 | €16,123 | +€5,032 | +45.4% |
| Taxes | 450/3 | €8,847 | €11,619 | +€2,772 | +31.3% |
| Remuneration and social security | 454/9 | €2,245 | €4,505 | +€2,259 | +100.6% |
| Other amounts payable | 47/48 | €14,270 | €6,480 | -€7,790 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,666 | €5,666 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,466 | €941 | -€525 | -35.8% |
| Gross operating margin | 9900 | €26,698 | €13,927 | -€12,771 | -47.8% |
| Operating profit (loss) | 9901 | €19,566 | €7,320 | -€12,246 | -62.6% |
| Financial income | 75/76B | €703 | - | -€703 | |
| Recurring financial income | 75 | €703 | - | -€703 | |
| Financial charges | 65/66B | €1,779 | €1,278 | -€501 | -28.1% |
| Recurring financial charges | 65 | €1,779 | €1,278 | -€501 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €18,490 | €6,042 | -€12,449 | -67.3% |
| Income taxes | 67/77 | €4,500 | €3,418 | -€1,082 | -24.0% |
| Profit (loss) for the period | 9904 | €13,990 | €2,623 | -€11,367 | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,990 | €2,623 | -€11,367 | -81.2% |
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 1 October 2026 via checked.be.