ASTELLA: 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.
ASTELLA
Largest movements
- Cash +€555,467
up €555,467 (+4217.8%), from €13,170 to €568,636
mainly Debts after one year (+€390,543) and Current investments (+€90,500)
- Current investments -€90,500
down €90,500 (-100.0%), from €90,500 to €0
- Tangible fixed assets -€6,657
down €6,657 (-22.8%), from €29,147 to €22,490
of which Furniture and vehicles: -€6,610
- Debts after one year +€390,543
new in 2025: €390,543
- Reserves +€40,983
up €40,983 (+39.8%), from €102,905 to €143,888
- Current portion of long-term debt +€29,457
new in 2025: €29,457
- Financial charges +€2,376
up €2,376 (+203.2%), from €1,170 to €3,546
- Gross operating margin -€1,021
down €1,021 (-1.5%), from €68,969 to €67,949
- Financial income +€696
up €696 (+36.6%), from €1,904 to €2,601
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 | €146,403 | €603,476 | +€457,072 | +312.2% |
| Fixed assets | 21/28 | €29,147 | €22,490 | -€6,657 | -22.8% |
| Tangible fixed assets | 22/27 | €29,147 | €22,490 | -€6,657 | -22.8% |
| Plant, machinery and equipment | 23 | €47 | €0 | -€47 | -100.0% |
| Furniture and vehicles | 24 | €29,100 | €22,490 | -€6,610 | -22.7% |
| Current assets | 29/58 | €117,257 | €580,985 | +€463,729 | +395.5% |
| Amounts receivable within one year | 40/41 | €11,582 | €10,889 | -€693 | -6.0% |
| Trade receivables | 40 | €11,441 | €10,748 | -€693 | -6.1% |
| Other amounts receivable | 41 | €142 | €142 | = | 0.0% |
| Current investments | 50/53 | €90,500 | €0 | -€90,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,170 | €568,636 | +€555,467 | +4217.8% |
| Deferred charges and accrued income | 490/1 | €2,005 | €1,460 | -€545 | -27.2% |
| Total equity and liabilities | 10/49 | €146,403 | €603,476 | +€457,072 | +312.2% |
| Equity | 10/15 | €105,905 | €146,888 | +€40,983 | +38.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €102,905 | €143,888 | +€40,983 | +39.8% |
| Distributable reserves | 133 | €102,905 | €143,888 | +€40,983 | +39.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,498 | €456,587 | +€416,089 | +1027.4% |
| Amounts payable after more than one year | 17 | - | €390,543 | +€390,543 | |
| Financial debts | 170/4 | - | €390,543 | +€390,543 | |
| Amounts payable within one year | 42/48 | €40,159 | €64,857 | +€24,699 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | - | €29,457 | +€29,457 | |
| Trade debts | 44 | €1,027 | €1,232 | +€205 | +20.0% |
| Suppliers | 440/4 | €1,027 | €1,232 | +€205 | +20.0% |
| Taxes, remuneration and social security | 45 | €14,382 | €8,903 | -€5,479 | -38.1% |
| Taxes | 450/3 | €14,382 | €6,903 | -€7,479 | -52.0% |
| Remuneration and social security | 454/9 | €0 | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €24,749 | €25,265 | +€515 | +2.1% |
| Accrued charges and deferred income | 492/3 | €340 | €1,187 | +€847 | +249.3% |
| Remuneration, social security and pensions | 62 | €265 | €0 | -€265 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,053 | €7,960 | -€93 | -1.2% |
| Other operating charges | 640/8 | €477 | €1,034 | +€557 | +116.9% |
| Gross operating margin | 9900 | €68,969 | €67,949 | -€1,021 | -1.5% |
| Operating profit (loss) | 9901 | €60,174 | €58,954 | -€1,220 | -2.0% |
| Financial income | 75/76B | €1,904 | €2,601 | +€696 | +36.6% |
| Recurring financial income | 75 | €1,904 | €2,601 | +€696 | +36.6% |
| Financial charges | 65/66B | €1,170 | €3,546 | +€2,376 | +203.2% |
| Recurring financial charges | 65 | €1,170 | €3,546 | +€2,376 | +203.2% |
| Profit (loss) for the period before taxes | 9903 | €60,909 | €58,008 | -€2,900 | -4.8% |
| Income taxes | 67/77 | €16,794 | €16,192 | -€602 | -3.6% |
| Profit (loss) for the period | 9904 | €44,114 | €41,816 | -€2,298 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,114 | €41,816 | -€2,298 | -5.2% |
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 12 October 2026 via checked.be.