ASTER: 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.
ASTER
Largest movements
- Cash +€11,248
up €11,248 (+417%), from €2,700 to €13,948
mainly Net result for the year (+€105,166) and Depreciation (+€20,109)
- Tangible fixed assets +€9,435
up €9,435 (+3.0%), from €313,087 to €322,523
- Profit (loss) carried forward +€85,889
no longer reported in 2025 (was -€85,889)
- Debts after one year -€45,160
down €45,160 (-71.1%), from €63,555 to €18,395
- Other debts -€44,365
down €44,365 (-20.5%), from €216,170 to €171,805
- Reserves +€19,277
new in 2025: €19,277
of which Non-distributable reserves: +€10,600
- Tax, wage and social debts +€15,444
new in 2025: €15,444
- Gross operating margin +€68,310
up €68,310 (+87.0%), from €78,519 to €146,830
- Taxes +€15,444
new in 2025: €15,444
- Financial charges -€4,480
down €4,480 (-67.8%), from €6,606 to €2,126
- Other operating charges -€1,684
down €1,684 (-29.7%), from €5,668 to €3,984
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 | €317,992 | €338,280 | +€20,288 | +6.4% |
| Fixed assets | 21/28 | €314,181 | €323,616 | +€9,435 | +3.0% |
| Tangible fixed assets | 22/27 | €313,087 | €322,523 | +€9,435 | +3.0% |
| Land and buildings | 22 | €313,087 | €322,523 | +€9,435 | +3.0% |
| Financial fixed assets | 28 | €1,093 | €1,093 | = | 0.0% |
| Current assets | 29/58 | €3,812 | €14,664 | +€10,852 | +285% |
| Amounts receivable within one year | 40/41 | €429 | - | -€429 | |
| Other amounts receivable | 41 | €429 | - | -€429 | |
| Cash at bank and in hand | 54/58 | €2,700 | €13,948 | +€11,248 | +417% |
| Deferred charges and accrued income | 490/1 | €683 | €716 | +€33 | +4.9% |
| Total equity and liabilities | 10/49 | €317,992 | €338,280 | +€20,288 | +6.4% |
| Equity | 10/15 | €20,111 | €125,277 | +€105,166 | +523% |
| Contributions | 10/11 | €106,000 | €106,000 | = | 0.0% |
| Capital | 10 | €106,000 | €106,000 | = | 0.0% |
| Issued capital | 100 | €106,000 | €106,000 | = | 0.0% |
| Reserves | 13 | - | €19,277 | +€19,277 | |
| Non-distributable reserves | 130/1 | - | €10,600 | +€10,600 | |
| Legal reserve | 130 | - | €10,600 | +€10,600 | |
| Distributable reserves | 133 | - | €8,677 | +€8,677 | |
| Profit (loss) carried forward | 14 | -€85,889 | - | +€85,889 | |
| Amounts payable | 17/49 | €297,881 | €213,003 | -€84,878 | -28.5% |
| Amounts payable after more than one year | 17 | €63,555 | €18,395 | -€45,160 | -71.1% |
| Financial debts | 170/4 | €63,555 | €18,395 | -€45,160 | -71.1% |
| Amounts payable within one year | 42/48 | €234,326 | €194,608 | -€39,719 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €18,156 | €7,358 | -€10,798 | -59.5% |
| Taxes, remuneration and social security | 45 | - | €15,444 | +€15,444 | |
| Remuneration and social security | 454/9 | - | €15,444 | +€15,444 | |
| Other amounts payable | 47/48 | €216,170 | €171,805 | -€44,365 | -20.5% |
| Non-recurring operating income | 76A | €80,000 | €156,319 | +€76,319 | +95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,587 | €20,109 | +€522 | +2.7% |
| Other operating charges | 640/8 | €5,668 | €3,984 | -€1,684 | -29.7% |
| Gross operating margin | 9900 | €78,519 | €146,830 | +€68,310 | +87.0% |
| Operating profit (loss) | 9901 | €53,265 | €122,736 | +€69,471 | +130% |
| Financial charges | 65/66B | €6,606 | €2,126 | -€4,480 | -67.8% |
| Recurring financial charges | 65 | €6,606 | €2,126 | -€4,480 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €46,659 | €120,610 | +€73,951 | +158% |
| Income taxes | 67/77 | - | €15,444 | +€15,444 | |
| Profit (loss) for the period | 9904 | €46,659 | €105,166 | +€58,507 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €46,659 | €105,166 | +€58,507 | +125% |
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 27 October 2026 via checked.be.