ASTAREO: 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.
ASTAREO
Largest movements
- Receivables within one year +€29,718
up €29,718 (+69.1%), from €43,031 to €72,750
of which Trade receivables: +€26,713
- Cash +€20,048
up €20,048 (+31.9%), from €62,796 to €82,844
mainly Other debts (+€37,151) and Net result for the year (+€27,602)
- Deferred charges and accrued income -€11,117
down €11,117 (-93.3%), from €11,914 to €797
- Tangible fixed assets -€6,724
down €6,724 (-22.3%), from €30,111 to €23,386
- Other debts +€37,151
up €37,151 (+379.4%), from €9,791 to €46,942
- Profit (loss) carried forward -€22,398
down €22,398 (-97.9%), from €22,885 to €488
- Tax, wage and social debts +€15,514
up €15,514 (+112.9%), from €13,740 to €29,254
of which Taxes: +€15,514
- Gross operating margin +€4,456
up €4,456 (+9.9%), from €44,995 to €49,450
- Write-downs -€4,300
down €4,300 (-100.0%), from €4,300 to €0
- Taxes +€2,062
up €2,062 (+32.1%), from €6,433 to €8,495
- Financial charges -€722
down €722 (-82.3%), from €878 to €156
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 | €147,852 | €179,777 | +€31,925 | +21.6% |
| Fixed assets | 21/28 | €30,111 | €23,386 | -€6,724 | -22.3% |
| Tangible fixed assets | 22/27 | €30,111 | €23,386 | -€6,724 | -22.3% |
| Furniture and vehicles | 24 | €30,111 | €23,386 | -€6,724 | -22.3% |
| Current assets | 29/58 | €117,742 | €156,391 | +€38,649 | +32.8% |
| Amounts receivable within one year | 40/41 | €43,031 | €72,750 | +€29,718 | +69.1% |
| Trade receivables | 40 | €43,031 | €69,744 | +€26,713 | +62.1% |
| Other amounts receivable | 41 | €0 | €3,005 | +€3,005 | |
| Cash at bank and in hand | 54/58 | €62,796 | €82,844 | +€20,048 | +31.9% |
| Deferred charges and accrued income | 490/1 | €11,914 | €797 | -€11,117 | -93.3% |
| Total equity and liabilities | 10/49 | €147,852 | €179,777 | +€31,925 | +21.6% |
| Equity | 10/15 | €122,706 | €100,309 | -€22,398 | -18.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €97,321 | €97,321 | = | 0.0% |
| Distributable reserves | 133 | €97,321 | €97,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,885 | €488 | -€22,398 | -97.9% |
| Amounts payable | 17/49 | €25,146 | €79,469 | +€54,323 | +216.0% |
| Amounts payable within one year | 42/48 | €25,146 | €79,469 | +€54,323 | +216.0% |
| Financial debts | 43 | €1,096 | €1,636 | +€541 | +49.3% |
| Credit institutions | 430/8 | €1,096 | €1,636 | +€541 | +49.3% |
| Trade debts | 44 | €519 | €1,637 | +€1,118 | +215.3% |
| Suppliers | 440/4 | €519 | €1,637 | +€1,118 | +215.3% |
| Taxes, remuneration and social security | 45 | €13,740 | €29,254 | +€15,514 | +112.9% |
| Taxes | 450/3 | €11,240 | €26,754 | +€15,514 | +138.0% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €9,791 | €46,942 | +€37,151 | +379.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,866 | €9,882 | +€16 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,300 | €0 | -€4,300 | -100.0% |
| Other operating charges | 640/8 | €636 | €611 | -€25 | -4.0% |
| Non-recurring operating charges | 66A | - | €2,705 | +€2,705 | |
| Gross operating margin | 9900 | €44,995 | €49,450 | +€4,456 | +9.9% |
| Operating profit (loss) | 9901 | €30,193 | €36,253 | +€6,060 | +20.1% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €878 | €156 | -€722 | -82.3% |
| Recurring financial charges | 65 | €878 | €156 | -€722 | -82.3% |
| Profit (loss) for the period before taxes | 9903 | €29,318 | €36,097 | +€6,779 | +23.1% |
| Income taxes | 67/77 | €6,433 | €8,495 | +€2,062 | +32.1% |
| Profit (loss) for the period | 9904 | €22,885 | €27,602 | +€4,717 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,885 | €27,602 | +€4,717 | +20.6% |
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 8 October 2026 via checked.be.