ASTBEL: 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.
ASTBEL
Largest movements
- Stocks and contracts +€36.7m
up €36.7m (+1008.8%), from €3.6m to €40.3m
- Receivables within one year +€8.5m
up €8.5m (+1584.8%), from €538,670 to €9.1m
of which Trade receivables: +€8.8m
- Cash +€1.2m
up €1.2m (+10193.5%), from €11,725 to €1.2m
mainly Advances received (+€28.3m) and Trade debts (+€18.6m)
- Advances received +€28.3m
up €28.3m (+678.5%), from €4.2m to €32.5m
- Trade debts +€18.6m
up €18.6m (+4909.4%), from €378,596 to €19.0m
- Profit (loss) carried forward -€897,531
down €897,531 (-272.2%), from -€329,787 to -€1.2m
- Gross operating margin -€351,746
down €351,746 (-128.6%), from -€273,452 to -€625,197
- Staff costs +€105,516
up €105,516 (+216.9%), from €48,643 to €154,159
- Other operating charges +€92,476
up €92,476 (+1774.2%), from €5,212 to €97,688
- Depreciation +€19,682
up €19,682 (+1376.4%), from €1,430 to €21,112
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,289,273 | €50,676,038 | +€46.4m | +1081.5% |
| Fixed assets | 21/28 | €54,124 | €64,512 | +€10,388 | +19.2% |
| Tangible fixed assets | 22/27 | €54,124 | €64,512 | +€10,388 | +19.2% |
| Plant, machinery and equipment | 23 | €2,914 | €2,320 | -€595 | -20.4% |
| Furniture and vehicles | 24 | €51,209 | €62,192 | +€10,983 | +21.4% |
| Current assets | 29/58 | €4,235,149 | €50,611,526 | +€46.4m | +1095.0% |
| Stocks and contracts in progress | 3 | €3,637,212 | €40,329,129 | +€36.7m | +1008.8% |
| Stocks | 30/36 | €3,637,212 | €40,329,129 | +€36.7m | +1008.8% |
| Amounts receivable within one year | 40/41 | €538,670 | €9,075,491 | +€8.5m | +1584.8% |
| Trade receivables | 40 | €250,846 | €9,064,381 | +€8.8m | +3513.5% |
| Other amounts receivable | 41 | €287,824 | €11,110 | -€276,714 | -96.1% |
| Cash at bank and in hand | 54/58 | €11,725 | €1,206,906 | +€1.2m | +10193.5% |
| Deferred charges and accrued income | 490/1 | €47,542 | - | -€47,542 | |
| Total equity and liabilities | 10/49 | €4,289,273 | €50,676,038 | +€46.4m | +1081.5% |
| Equity | 10/15 | -€268,287 | -€1,165,818 | -€897,531 | -334.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€329,787 | -€1,227,318 | -€897,531 | -272.2% |
| Amounts payable | 17/49 | €4,557,559 | €51,841,855 | +€47.3m | +1037.5% |
| Amounts payable within one year | 42/48 | €4,557,559 | €51,841,855 | +€47.3m | +1037.5% |
| Trade debts | 44 | €378,596 | €18,965,255 | +€18.6m | +4909.4% |
| Suppliers | 440/4 | €378,596 | €18,965,255 | +€18.6m | +4909.4% |
| Advances received on contracts in progress | 46 | €4,174,318 | €32,496,605 | +€28.3m | +678.5% |
| Taxes, remuneration and social security | 45 | €4,646 | - | -€4,646 | |
| Taxes | 450/3 | €4,646 | - | -€4,646 | |
| Other amounts payable | 47/48 | - | €379,995 | +€379,995 | |
| Remuneration, social security and pensions | 62 | €48,643 | €154,159 | +€105,516 | +216.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,430 | €21,112 | +€19,682 | +1376.4% |
| Other operating charges | 640/8 | €5,212 | €97,688 | +€92,476 | +1774.2% |
| Gross operating margin | 9900 | -€273,452 | -€625,197 | -€351,746 | -128.6% |
| Operating profit (loss) | 9901 | -€328,736 | -€898,156 | -€569,419 | -173.2% |
| Financial income | 75/76B | - | €3,163 | +€3,163 | |
| Recurring financial income | 75 | - | €3,163 | +€3,163 | |
| Financial charges | 65/66B | €1,050 | €2,538 | +€1,488 | +141.7% |
| Recurring financial charges | 65 | €1,050 | €2,538 | +€1,488 | +141.7% |
| Profit (loss) for the period before taxes | 9903 | -€329,787 | -€897,531 | -€567,745 | -172.2% |
| Profit (loss) for the period | 9904 | -€329,787 | -€897,531 | -€567,745 | -172.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€329,787 | -€897,531 | -€567,745 | -172.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.