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 +€36,129
up €36,129 (+55.2%), from €65,397 to €101,526
mainly Net result for the year (+€33,158) and Depreciation (+€21,671)
- Tangible fixed assets -€13,359
down €13,359 (-4.2%), from €315,549 to €302,190
of which Land and buildings: -€13,016
- Reserves +€31,492
up €31,492 (+14.4%), from €219,036 to €250,528
of which Distributable reserves: +€35,260
- Gross operating margin +€23,749
up €23,749 (+36.7%), from €64,769 to €88,517
- Taxes +€10,731
up €10,731 (+158.5%), from €6,769 to €17,500
- Financial charges -€2,509
down €2,509 (-14.7%), from €17,015 to €14,506
- Depreciation -€1,099
down €1,099 (-4.8%), from €22,769 to €21,671
- Financial income +€1,052
up €1,052 (+657.0%), from €160 to €1,212
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 | €422,085 | €444,748 | +€22,663 | +5.4% |
| Fixed assets | 21/28 | €315,574 | €302,215 | -€13,359 | -4.2% |
| Tangible fixed assets | 22/27 | €315,549 | €302,190 | -€13,359 | -4.2% |
| Land and buildings | 22 | €311,689 | €298,674 | -€13,016 | -4.2% |
| Plant, machinery and equipment | 23 | €298 | €195 | -€103 | -34.5% |
| Furniture and vehicles | 24 | €3,562 | €3,322 | -€240 | -6.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €106,511 | €142,532 | +€36,022 | +33.8% |
| Amounts receivable within one year | 40/41 | €37,821 | €37,989 | +€167 | +0.4% |
| Trade receivables | 40 | €13,915 | €11,500 | -€2,415 | -17.4% |
| Other amounts receivable | 41 | €23,906 | €26,489 | +€2,582 | +10.8% |
| Cash at bank and in hand | 54/58 | €65,397 | €101,526 | +€36,129 | +55.2% |
| Deferred charges and accrued income | 490/1 | €3,292 | €3,018 | -€274 | -8.3% |
| Total equity and liabilities | 10/49 | €422,085 | €444,748 | +€22,663 | +5.4% |
| Equity | 10/15 | €225,241 | €256,734 | +€31,492 | +14.0% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €219,036 | €250,528 | +€31,492 | +14.4% |
| Tax-exempt reserves | 132 | €3,767 | €0 | -€3,767 | -100.0% |
| Distributable reserves | 133 | €215,269 | €250,528 | +€35,260 | +16.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €196,843 | €188,014 | -€8,829 | -4.5% |
| Amounts payable within one year | 42/48 | €183,639 | €176,593 | -€7,047 | -3.8% |
| Trade debts | 44 | €17,710 | €16,428 | -€1,282 | -7.2% |
| Suppliers | 440/4 | €17,710 | €16,428 | -€1,282 | -7.2% |
| Taxes, remuneration and social security | 45 | €6,339 | €4,630 | -€1,709 | -27.0% |
| Taxes | 450/3 | €6,339 | €4,630 | -€1,709 | -27.0% |
| Other amounts payable | 47/48 | €159,591 | €155,535 | -€4,056 | -2.5% |
| Accrued charges and deferred income | 492/3 | €13,204 | €11,422 | -€1,782 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,769 | €21,671 | -€1,099 | -4.8% |
| Other operating charges | 640/8 | €1,884 | €2,894 | +€1,011 | +53.7% |
| Gross operating margin | 9900 | €64,769 | €88,517 | +€23,749 | +36.7% |
| Operating profit (loss) | 9901 | €40,116 | €63,952 | +€23,837 | +59.4% |
| Financial income | 75/76B | €160 | €1,212 | +€1,052 | +657.0% |
| Recurring financial income | 75 | €160 | €1,212 | +€1,052 | +657.0% |
| Financial charges | 65/66B | €17,015 | €14,506 | -€2,509 | -14.7% |
| Recurring financial charges | 65 | €17,015 | €14,506 | -€2,509 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €23,261 | €50,658 | +€27,398 | +117.8% |
| Income taxes | 67/77 | €6,769 | €17,500 | +€10,731 | +158.5% |
| Profit (loss) for the period | 9904 | €16,492 | €33,158 | +€16,667 | +101.1% |
| Transfer from tax-exempt reserves | 789 | - | €3,767 | +€3,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,492 | €36,926 | +€20,434 | +123.9% |
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 9 October 2026 via checked.be.