ASTEMAC: 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.
What changed
ASTEMAC
NACE 46.900, Non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€217,376
2024 · €484,748-€267,372
Equity
€1.5m
2024 · €1.3m+€217,376
Cash
€270,795
2024 · €9,744+€261,051
Balance sheet total
€7.5m
2024 · €7.4m+€110,339
Largest movements
Assets
- Receivables within one year -€608,862
down €608,862 (-49.1%), from €1.2m to €632,020
of which Trade receivables: -€503,488
- Stocks and contracts +€390,167
up €390,167 (+39.1%), from €998,277 to €1.4m
- Cash +€261,051
up €261,051 (+2,679%), from €9,744 to €270,795
mainly Receivables within one year (+€608,862) and Depreciation (+€498,963)
Equity and liabilities
- Short-term financial debts -€508,507
down €508,507 (-100%), from €508,507 to €0
- Debts after one year +€344,429
up €344,429 (+10.7%), from €3.2m to €3.6m
of which Other amounts payable: +€655,530
- Reserves +€219,200
up €219,200 (+16.8%), from €1.3m to €1.5m
of which Distributable reserves: +€135,000
- Tax, wage and social debts +€94,641
up €94,641 (+160%), from €59,009 to €153,651
of which Taxes: +€72,246
Income statement
- Gross operating margin -€223,765
down €223,765 (-12.0%), from €1.9m to €1.6m
- Staff costs +€84,143
up €84,143 (+14.1%), from €596,147 to €680,290
- Taxes -€53,065
down €53,065 (-40.2%), from €131,944 to €78,878
- Financial charges +€29,323
up €29,323 (+36.4%), from €80,462 to €109,785
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.
Result 2024
€484,748
Gross operating margin
-€223,765
Staff costs
-€84,143
Depreciation
+€13,111
Write-downs
+€12,414
Other operating charges
-€3,303
Other operating items
-€5,489
Financial income
+€60
Financial charges
-€29,323
Taxes
+€53,065
Result 2025
€217,376
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€976,015
Investment
-€564,342
Financing
-€150,623
Cash 2024
€9,744
From operations (derived)
+€976,015
Net result for the year
+€217,376
Depreciation
+€498,963
Stocks and contracts
-€390,167
Receivables within one year
+€608,862
Deferred charges and accrued income
-€2,605
Trade debts
-€50,671
Tax, wage and social debts
+€94,641
Advances received
-€1,536
Smaller working-capital items
+€1,152
Investment (derived)
-€564,342
Investment in fixed assets (net)
-€564,342
Financing
-€150,623
Debts after one year
+€344,429
Current portion of long-term debt
+€13,455
Short-term financial debts
-€508,507
Cash 2025
€270,795
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,350,591 | €7,460,930 | +€110,339 | +1.5% |
| Fixed assets | 21/28 | €5,081,626 | €5,147,004 | +€65,379 | +1.3% |
| Tangible fixed assets | 22/27 | €5,074,824 | €5,140,203 | +€65,379 | +1.3% |
| Land and buildings | 22 | €3,968,626 | €4,193,114 | +€224,487 | +5.7% |
| Plant, machinery and equipment | 23 | €596,644 | €548,870 | -€47,774 | -8.0% |
| Furniture and vehicles | 24 | €65,967 | €71,854 | +€5,886 | +8.9% |
| Leasing and similar rights | 25 | €443,587 | €326,366 | -€117,221 | -26.4% |
| Financial fixed assets | 28 | €6,802 | €6,802 | = | 0.0% |
| Current assets | 29/58 | €2,268,965 | €2,313,926 | +€44,960 | +2.0% |
| Stocks and contracts in progress | 3 | €998,277 | €1,388,444 | +€390,167 | +39.1% |
| Stocks | 30/36 | €998,277 | €1,388,444 | +€390,167 | +39.1% |
| Amounts receivable within one year | 40/41 | €1,240,882 | €632,020 | -€608,862 | -49.1% |
| Trade receivables | 40 | €1,117,157 | €613,669 | -€503,488 | -45.1% |
| Other amounts receivable | 41 | €123,725 | €18,351 | -€105,374 | -85.2% |
| Cash at bank and in hand | 54/58 | €9,744 | €270,795 | +€261,051 | +2,679% |
| Deferred charges and accrued income | 490/1 | €20,062 | €22,667 | +€2,605 | +13.0% |
| Total equity and liabilities | 10/49 | €7,350,591 | €7,460,930 | +€110,339 | +1.5% |
| Equity | 10/15 | €1,328,388 | €1,545,764 | +€217,376 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,305,040 | €1,524,240 | +€219,200 | +16.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €1,303,180 | €1,438,180 | +€135,000 | +10.4% |
| Profit (loss) carried forward | 14 | €4,748 | €2,924 | -€1,824 | -38.4% |
| Amounts payable | 17/49 | €6,022,203 | €5,915,166 | -€107,037 | -1.8% |
| Amounts payable after more than one year | 17 | €3,210,195 | €3,554,624 | +€344,429 | +10.7% |
| Financial debts | 170/4 | €3,205,000 | €2,893,900 | -€311,100 | -9.7% |
| Other amounts payable | 178/9 | €5,194 | €660,724 | +€655,530 | +12,620% |
| Amounts payable within one year | 42/48 | €2,811,509 | €2,360,410 | -€451,100 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €440,150 | €453,604 | +€13,455 | +3.1% |
| Financial debts | 43 | €508,507 | €0 | -€508,507 | -100% |
| Credit institutions | 430/8 | €508,507 | €0 | -€508,507 | -100% |
| Trade debts | 44 | €1,697,223 | €1,646,552 | -€50,671 | -3.0% |
| Suppliers | 440/4 | €1,697,223 | €1,646,552 | -€50,671 | -3.0% |
| Advances received on contracts in progress | 46 | €1,536 | €0 | -€1,536 | -100% |
| Taxes, remuneration and social security | 45 | €59,009 | €153,651 | +€94,641 | +160% |
| Taxes | 450/3 | €113 | €72,359 | +€72,246 | +63,788% |
| Remuneration and social security | 454/9 | €58,896 | €81,291 | +€22,395 | +38.0% |
| Other amounts payable | 47/48 | €105,084 | €106,603 | +€1,518 | +1.4% |
| Accrued charges and deferred income | 492/3 | €499 | €133 | -€367 | -73.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €596,147 | €680,290 | +€84,143 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512,074 | €498,963 | -€13,111 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,414 | €0 | -€12,414 | -100% |
| Other operating charges | 640/8 | €42,664 | €45,968 | +€3,303 | +7.7% |
| Non-recurring operating charges | 66A | - | €5,489 | +€5,489 | |
| Gross operating margin | 9900 | €1,858,879 | €1,635,113 | -€223,765 | -12.0% |
| Operating profit (loss) | 9901 | €695,579 | €404,404 | -€291,175 | -41.9% |
| Financial income | 75/76B | €1,575 | €1,636 | +€60 | +3.8% |
| Recurring financial income | 75 | €1,575 | €1,636 | +€60 | +3.8% |
| Financial charges | 65/66B | €80,462 | €109,785 | +€29,323 | +36.4% |
| Recurring financial charges | 65 | €80,462 | €109,785 | +€29,323 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €616,692 | €296,254 | -€320,438 | -52.0% |
| Income taxes | 67/77 | €131,944 | €78,878 | -€53,065 | -40.2% |
| Profit (loss) for the period | 9904 | €484,748 | €217,376 | -€267,372 | -55.2% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €484,748 | €133,176 | -€351,572 | -72.5% |
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 16 October 2026 via checked.be.