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
- Tangible fixed assets +€4,855
up €4,855 (+14.4%), from €33,824 to €38,679
of which Plant, machinery and equipment: +€8,605
- Receivables within one year +€1,783
up €1,783 (+18.0%), from €9,897 to €11,681
of which Other amounts receivable: +€1,586
- Stocks and contracts +€1,300
up €1,300 (+22.2%), from €5,855 to €7,155
- Deferred charges and accrued income +€675
new in 2025: €675
- Other debts +€33,152
up €33,152 (+14.9%), from €223,067 to €256,220
- Debts after one year -€16,612
down €16,612 (-26.0%), from €63,867 to €47,254
- Profit (loss) carried forward -€5,493
down €5,493 (-1.9%), from -€290,651 to -€296,145
- Current portion of long-term debt -€4,300
down €4,300 (-20.6%), from €20,912 to €16,612
- Trade debts +€3,215
up €3,215 (+73.1%), from €4,399 to €7,614
- Turnover -€30,984
down €30,984 (-53.1%), from €58,380 to €27,397
- Gross operating margin -€21,674
down €21,674 (-63.7%), from €34,051 to €12,377
- Purchases and services -€6,488
down €6,488 (-26.7%), from €24,330 to €17,842
- Depreciation +€2,707
up €2,707 (+32.4%), from €8,357 to €11,064
- Financial charges -€1,345
down €1,345 (-17.9%), from €7,517 to €6,172
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 | €50,998 | €59,065 | +€8,067 | +15.8% |
| Fixed assets | 21/28 | €33,824 | €38,679 | +€4,855 | +14.4% |
| Tangible fixed assets | 22/27 | €33,824 | €38,679 | +€4,855 | +14.4% |
| Plant, machinery and equipment | 23 | €26,776 | €35,381 | +€8,605 | +32.1% |
| Furniture and vehicles | 24 | €7,048 | €3,298 | -€3,750 | -53.2% |
| Current assets | 29/58 | €17,174 | €20,386 | +€3,211 | +18.7% |
| Stocks and contracts in progress | 3 | €5,855 | €7,155 | +€1,300 | +22.2% |
| Stocks | 30/36 | €5,855 | €7,155 | +€1,300 | +22.2% |
| Amounts receivable within one year | 40/41 | €9,897 | €11,681 | +€1,783 | +18.0% |
| Trade receivables | 40 | €9,602 | €9,800 | +€197 | +2.1% |
| Other amounts receivable | 41 | €295 | €1,881 | +€1,586 | +537% |
| Cash at bank and in hand | 54/58 | €1,422 | €876 | -€547 | -38.4% |
| Deferred charges and accrued income | 490/1 | - | €675 | +€675 | |
| Total equity and liabilities | 10/49 | €50,998 | €59,065 | +€8,067 | +15.8% |
| Equity | 10/15 | -€271,651 | -€277,145 | -€5,493 | -2.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€290,651 | -€296,145 | -€5,493 | -1.9% |
| Amounts payable | 17/49 | €322,650 | €336,210 | +€13,560 | +4.2% |
| Amounts payable after more than one year | 17 | €63,867 | €47,254 | -€16,612 | -26.0% |
| Financial debts | 170/4 | €63,867 | €47,254 | -€16,612 | -26.0% |
| Amounts payable within one year | 42/48 | €258,783 | €288,955 | +€30,172 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €20,912 | €16,612 | -€4,300 | -20.6% |
| Financial debts | 43 | €9,286 | €8,292 | -€994 | -10.7% |
| Credit institutions | 430/8 | €9,286 | €8,292 | -€994 | -10.7% |
| Trade debts | 44 | €4,399 | €7,614 | +€3,215 | +73.1% |
| Suppliers | 440/4 | €4,399 | €7,614 | +€3,215 | +73.1% |
| Taxes, remuneration and social security | 45 | €1,118 | €217 | -€902 | -80.6% |
| Taxes | 450/3 | €1,118 | €217 | -€902 | -80.6% |
| Other amounts payable | 47/48 | €223,067 | €256,220 | +€33,152 | +14.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €58,380 | €27,397 | -€30,984 | -53.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €24,330 | €17,842 | -€6,488 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,357 | €11,064 | +€2,707 | +32.4% |
| Other operating charges | 640/8 | €515 | €634 | +€119 | +23.0% |
| Non-recurring operating charges | 66A | €17 | €0 | -€17 | -98.4% |
| Gross operating margin | 9900 | €34,051 | €12,377 | -€21,674 | -63.7% |
| Operating profit (loss) | 9901 | €25,162 | €679 | -€24,483 | -97.3% |
| Financial charges | 65/66B | €7,517 | €6,172 | -€1,345 | -17.9% |
| Recurring financial charges | 65 | €7,517 | €6,172 | -€1,345 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €17,645 | -€5,493 | -€23,138 | |
| Profit (loss) for the period | 9904 | €17,645 | -€5,493 | -€23,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,645 | -€5,493 | -€23,138 |
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 14 October 2026 via checked.be.