ASTELO: 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.
ASTELO
Largest movements
- Cash +€25,614
up €25,614 (+34.0%), from €75,320 to €100,934
mainly Net result for the year (+€92,891) and Other debts (+€72,680)
- Other debts +€72,680
up €72,680 (+48.4%), from €150,165 to €222,846
- Reserves -€65,021
down €65,021 (-71.7%), from €90,623 to €25,602
- Profit (loss) carried forward +€32,891
up €32,891, from €0 to €32,891
- Debts after one year -€18,092
down €18,092 (-11.3%), from €159,498 to €141,406
- Gross operating margin -€29,160
down €29,160 (-18.1%), from €161,120 to €131,960
- Taxes -€6,845
down €6,845 (-21.2%), from €32,310 to €25,465
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 | €453,524 | €475,126 | +€21,601 | +4.8% |
| Fixed assets | 21/28 | €316,727 | €315,222 | -€1,505 | -0.5% |
| Tangible fixed assets | 22/27 | €316,727 | €315,222 | -€1,505 | -0.5% |
| Plant, machinery and equipment | 23 | €3,476 | €2,686 | -€790 | -22.7% |
| Furniture and vehicles | 24 | €2,821 | €3,638 | +€817 | +29.0% |
| Other tangible fixed assets | 26 | €310,430 | €308,898 | -€1,532 | -0.5% |
| Current assets | 29/58 | €136,797 | €159,903 | +€23,106 | +16.9% |
| Amounts receivable within one year | 40/41 | €54,686 | €53,619 | -€1,067 | -2.0% |
| Trade receivables | 40 | €45,996 | €46,584 | +€588 | +1.3% |
| Other amounts receivable | 41 | €8,690 | €7,035 | -€1,655 | -19.0% |
| Cash at bank and in hand | 54/58 | €75,320 | €100,934 | +€25,614 | +34.0% |
| Deferred charges and accrued income | 490/1 | €6,791 | €5,350 | -€1,441 | -21.2% |
| Total equity and liabilities | 10/49 | €453,524 | €475,126 | +€21,601 | +4.8% |
| Equity | 10/15 | €109,223 | €77,093 | -€32,131 | -29.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,623 | €25,602 | -€65,021 | -71.7% |
| Distributable reserves | 133 | €90,623 | €25,602 | -€65,021 | -71.7% |
| Profit (loss) carried forward | 14 | €0 | €32,891 | +€32,891 | |
| Amounts payable | 17/49 | €344,301 | €398,033 | +€53,732 | +15.6% |
| Amounts payable after more than one year | 17 | €159,498 | €141,406 | -€18,092 | -11.3% |
| Financial debts | 170/4 | €159,498 | €141,406 | -€18,092 | -11.3% |
| Amounts payable within one year | 42/48 | €184,802 | €256,265 | +€71,463 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €17,307 | €18,092 | +€785 | +4.5% |
| Trade debts | 44 | €2,501 | €67 | -€2,434 | -97.3% |
| Suppliers | 440/4 | €2,501 | €67 | -€2,434 | -97.3% |
| Taxes, remuneration and social security | 45 | €14,829 | €15,260 | +€431 | +2.9% |
| Taxes | 450/3 | €14,829 | €15,127 | +€298 | +2.0% |
| Remuneration and social security | 454/9 | €0 | €133 | +€133 | |
| Other amounts payable | 47/48 | €150,165 | €222,846 | +€72,680 | +48.4% |
| Accrued charges and deferred income | 492/3 | - | €362 | +€362 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,191 | €3,667 | +€476 | +14.9% |
| Other operating charges | 640/8 | €978 | €993 | +€15 | +1.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €161,120 | €131,960 | -€29,160 | -18.1% |
| Operating profit (loss) | 9901 | €156,951 | €127,300 | -€29,651 | -18.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €10,140 | €8,945 | -€1,195 | -11.8% |
| Recurring financial charges | 65 | €10,140 | €8,945 | -€1,195 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €146,811 | €118,356 | -€28,456 | -19.4% |
| Income taxes | 67/77 | €32,310 | €25,465 | -€6,845 | -21.2% |
| Profit (loss) for the period | 9904 | €114,501 | €92,891 | -€21,610 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €114,501 | €92,891 | -€21,610 | -18.9% |
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 18 October 2026 via checked.be.