ASTEMA: 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.
ASTEMA
Largest movements
- Receivables within one year +€41,540
up €41,540 (+1388.7%), from €2,991 to €44,531
of which Trade receivables: +€39,129
- Cash -€5,703
down €5,703 (-24.0%), from €23,788 to €18,085
mainly Receivables within one year (-€41,540) and Contributions, distributions and other (-€833)
- Tangible fixed assets -€1,410
down €1,410 (-22.7%), from €6,221 to €4,812
- Reserves +€23,000
up €23,000 (+176.9%), from €13,000 to €36,000
- Tax, wage and social debts +€5,838
up €5,838 (+124.2%), from €4,701 to €10,539
- Other debts +€4,129
up €4,129 (+38.1%), from €10,842 to €14,972
- Trade debts +€1,340
up €1,340 (+223.4%), from €600 to €1,940
- Gross operating margin +€14,174
up €14,174 (+76.1%), from €18,629 to €32,803
- Taxes +€3,340
up €3,340 (+89.1%), from €3,749 to €7,089
- Depreciation +€1,104
up €1,104 (+361.9%), from €305 to €1,410
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 | €33,001 | €67,591 | +€34,590 | +104.8% |
| Fixed assets | 21/28 | €6,221 | €4,812 | -€1,410 | -22.7% |
| Tangible fixed assets | 22/27 | €6,221 | €4,812 | -€1,410 | -22.7% |
| Furniture and vehicles | 24 | €6,221 | €4,812 | -€1,410 | -22.7% |
| Current assets | 29/58 | €26,779 | €62,779 | +€35,999 | +134.4% |
| Amounts receivable within one year | 40/41 | €2,991 | €44,531 | +€41,540 | +1388.7% |
| Trade receivables | 40 | €2,991 | €42,120 | +€39,129 | +1308.2% |
| Other amounts receivable | 41 | €0 | €2,411 | +€2,411 | +1148114.3% |
| Cash at bank and in hand | 54/58 | €23,788 | €18,085 | -€5,703 | -24.0% |
| Deferred charges and accrued income | 490/1 | - | €163 | +€163 | |
| Total equity and liabilities | 10/49 | €33,001 | €67,591 | +€34,590 | +104.8% |
| Equity | 10/15 | €16,775 | €40,090 | +€23,315 | +139.0% |
| Contributions | 10/11 | €3,100 | €3,100 | = | 0.0% |
| Reserves | 13 | €13,000 | €36,000 | +€23,000 | +176.9% |
| Distributable reserves | 133 | €13,000 | €36,000 | +€23,000 | +176.9% |
| Profit (loss) carried forward | 14 | €675 | €990 | +€315 | +46.7% |
| Amounts payable | 17/49 | €16,226 | €27,501 | +€11,275 | +69.5% |
| Amounts payable within one year | 42/48 | €16,143 | €27,450 | +€11,307 | +70.0% |
| Trade debts | 44 | €600 | €1,940 | +€1,340 | +223.4% |
| Suppliers | 440/4 | €600 | €1,940 | +€1,340 | +223.4% |
| Taxes, remuneration and social security | 45 | €4,701 | €10,539 | +€5,838 | +124.2% |
| Taxes | 450/3 | €4,701 | €10,539 | +€5,838 | +124.2% |
| Other amounts payable | 47/48 | €10,842 | €14,972 | +€4,129 | +38.1% |
| Accrued charges and deferred income | 492/3 | €83 | €50 | -€33 | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305 | €1,410 | +€1,104 | +361.9% |
| Gross operating margin | 9900 | €18,629 | €32,803 | +€14,174 | +76.1% |
| Operating profit (loss) | 9901 | €18,324 | €31,393 | +€13,070 | +71.3% |
| Financial income | 75/76B | €0 | €30 | +€30 | +149450.0% |
| Recurring financial income | 75 | €0 | €30 | +€30 | +149450.0% |
| Financial charges | 65/66B | €41 | €186 | +€145 | +353.9% |
| Recurring financial charges | 65 | €41 | €186 | +€145 | +353.9% |
| Profit (loss) for the period before taxes | 9903 | €18,283 | €31,237 | +€12,954 | +70.9% |
| Income taxes | 67/77 | €3,749 | €7,089 | +€3,340 | +89.1% |
| Profit (loss) for the period | 9904 | €14,534 | €24,148 | +€9,615 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,534 | €24,148 | +€9,615 | +66.2% |
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 1 October 2026 via checked.be.