ASTARTE: 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.
ASTARTE
Largest movements
- Cash +€95,077
up €95,077 (+21.2%), from €448,978 to €544,055
mainly Net result for the year (+€84,676) and Receivables within one year (+€19,643)
- Receivables within one year -€19,643
down €19,643 (-51.9%), from €37,816 to €18,173
of which Other amounts receivable: -€21,737
- Reserves +€84,676
up €84,676 (+18.7%), from €453,285 to €537,961
of which Distributable reserves: +€84,676
- Tax, wage and social debts -€11,921
down €11,921 (-28.2%), from €42,237 to €30,317
of which Remuneration and social security: -€9,000
- Gross operating margin -€3,992
down €3,992 (-3.2%), from €124,088 to €120,096
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 | €487,128 | €563,284 | +€76,156 | +15.6% |
| Fixed assets | 21/28 | €200 | €40 | -€160 | -80.2% |
| Tangible fixed assets | 22/27 | €200 | €40 | -€160 | -80.2% |
| Furniture and vehicles | 24 | €200 | €40 | -€160 | -80.2% |
| Current assets | 29/58 | €486,928 | €563,245 | +€76,316 | +15.7% |
| Amounts receivable within one year | 40/41 | €37,816 | €18,173 | -€19,643 | -51.9% |
| Trade receivables | 40 | €15,703 | €17,797 | +€2,094 | +13.3% |
| Other amounts receivable | 41 | €22,112 | €376 | -€21,737 | -98.3% |
| Cash at bank and in hand | 54/58 | €448,978 | €544,055 | +€95,077 | +21.2% |
| Deferred charges and accrued income | 490/1 | €135 | €1,017 | +€883 | +654% |
| Total equity and liabilities | 10/49 | €487,128 | €563,284 | +€76,156 | +15.6% |
| Equity | 10/15 | €439,831 | €524,507 | +€84,676 | +19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €453,285 | €537,961 | +€84,676 | +18.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €451,425 | €536,101 | +€84,676 | +18.8% |
| Profit (loss) carried forward | 14 | -€32,055 | -€32,055 | = | 0.0% |
| Amounts payable | 17/49 | €47,297 | €38,778 | -€8,520 | -18.0% |
| Amounts payable within one year | 42/48 | €47,297 | €38,778 | -€8,520 | -18.0% |
| Trade debts | 44 | €1,783 | €3,302 | +€1,519 | +85.2% |
| Suppliers | 440/4 | €1,783 | €3,302 | +€1,519 | +85.2% |
| Taxes, remuneration and social security | 45 | €42,237 | €30,317 | -€11,921 | -28.2% |
| Taxes | 450/3 | €33,237 | €30,317 | -€2,921 | -8.8% |
| Remuneration and social security | 454/9 | €9,000 | - | -€9,000 | |
| Other amounts payable | 47/48 | €3,277 | €5,159 | +€1,882 | +57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €160 | = | 0.0% |
| Other operating charges | 640/8 | €751 | €905 | +€155 | +20.6% |
| Gross operating margin | 9900 | €124,088 | €120,096 | -€3,992 | -3.2% |
| Operating profit (loss) | 9901 | €123,177 | €119,031 | -€4,147 | -3.4% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €276 | €279 | +€2 | +0.8% |
| Recurring financial charges | 65 | €276 | €279 | +€2 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €122,901 | €118,786 | -€4,115 | -3.3% |
| Income taxes | 67/77 | €34,839 | €34,110 | -€729 | -2.1% |
| Profit (loss) for the period | 9904 | €88,061 | €84,676 | -€3,385 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €88,061 | €84,676 | -€3,385 | -3.8% |
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 14 October 2026 via checked.be.