ASTERCO: 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.
ASTERCO
Largest movements
- Cash +€21,826
up €21,826 (+353%), from €6,188 to €28,015
mainly Net result for the year (+€77,939) and Depreciation (+€21,605)
- Tangible fixed assets -€21,605
down €21,605 (-40.3%), from €53,675 to €32,070
- Debts after one year -€78,161
down €78,161 (-10.8%), from €722,559 to €644,398
- Reserves +€77,939
up €77,939 (+21.1%), from €369,078 to €447,017
- Financial income -€50,894
down €50,894 (-98.1%), from €51,886 to €992
- Gross operating margin +€11,670
up €11,670 (+7.9%), from €147,464 to €159,134
- Taxes +€3,184
up €3,184 (+16.9%), from €18,789 to €21,974
- Staff costs -€2,254
down €2,254 (-12.1%), from €18,601 to €16,347
- Financial charges +€1,817
up €1,817 (+9.2%), from €19,682 to €21,499
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 | €1,219,064 | €1,211,583 | -€7,481 | -0.6% |
| Fixed assets | 21/28 | €1,113,675 | €1,092,070 | -€21,605 | -1.9% |
| Tangible fixed assets | 22/27 | €53,675 | €32,070 | -€21,605 | -40.3% |
| Furniture and vehicles | 24 | €53,675 | €32,070 | -€21,605 | -40.3% |
| Financial fixed assets | 28 | €1,060,000 | €1,060,000 | = | 0.0% |
| Current assets | 29/58 | €105,389 | €119,513 | +€14,124 | +13.4% |
| Amounts receivable within one year | 40/41 | €97,294 | €90,197 | -€7,098 | -7.3% |
| Trade receivables | 40 | €46,897 | €59,797 | +€12,900 | +27.5% |
| Other amounts receivable | 41 | €50,397 | €30,400 | -€19,997 | -39.7% |
| Cash at bank and in hand | 54/58 | €6,188 | €28,015 | +€21,826 | +353% |
| Deferred charges and accrued income | 490/1 | €1,906 | €1,302 | -€605 | -31.7% |
| Total equity and liabilities | 10/49 | €1,219,064 | €1,211,583 | -€7,481 | -0.6% |
| Equity | 10/15 | €370,078 | €448,017 | +€77,939 | +21.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €369,078 | €447,017 | +€77,939 | +21.1% |
| Distributable reserves | 133 | €369,078 | €447,017 | +€77,939 | +21.1% |
| Amounts payable | 17/49 | €848,986 | €763,566 | -€85,420 | -10.1% |
| Amounts payable after more than one year | 17 | €722,559 | €644,398 | -€78,161 | -10.8% |
| Financial debts | 170/4 | €722,559 | €644,398 | -€78,161 | -10.8% |
| Amounts payable within one year | 42/48 | €114,397 | €107,138 | -€7,259 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €83,354 | €76,866 | -€6,488 | -7.8% |
| Trade debts | 44 | - | €989 | +€989 | |
| Suppliers | 440/4 | - | €989 | +€989 | |
| Taxes, remuneration and social security | 45 | €31,043 | €29,283 | -€1,760 | -5.7% |
| Taxes | 450/3 | €29,696 | €20,876 | -€8,821 | -29.7% |
| Remuneration and social security | 454/9 | €1,347 | €8,407 | +€7,061 | +524% |
| Accrued charges and deferred income | 492/3 | €12,030 | €12,030 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €18,601 | €16,347 | -€2,254 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,605 | €21,605 | = | 0.0% |
| Other operating charges | 640/8 | €1,831 | €762 | -€1,069 | -58.4% |
| Gross operating margin | 9900 | €147,464 | €159,134 | +€11,670 | +7.9% |
| Operating profit (loss) | 9901 | €105,427 | €120,419 | +€14,992 | +14.2% |
| Financial income | 75/76B | €51,886 | €992 | -€50,894 | -98.1% |
| Recurring financial income | 75 | €51,886 | €992 | -€50,894 | -98.1% |
| Financial charges | 65/66B | €19,682 | €21,499 | +€1,817 | +9.2% |
| Recurring financial charges | 65 | €19,682 | €21,499 | +€1,817 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €137,631 | €99,913 | -€37,718 | -27.4% |
| Income taxes | 67/77 | €18,789 | €21,974 | +€3,184 | +16.9% |
| Profit (loss) for the period | 9904 | €118,841 | €77,939 | -€40,903 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €118,841 | €77,939 | -€40,903 | -34.4% |
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 24 October 2026 via checked.be.