Asteria Infrastructure: what changed
Two fiscal 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
Asteria Infrastructure
NACE 61.100, Wired, wireless and satellite telecommunications
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€444,757
2024 · €163,816-€608,573
Equity
€10.7m
2024 · €11.1m-€444,757
Cash
€58,778
2024 · €59,327-€550
Balance sheet total
€13.6m
2024 · €13.6m-€42,270
Largest movements
Assets
- Receivables within one year -€501,160
down €501,160 (-82.1%), from €610,405 to €109,244
of which Other amounts receivable: -€536,763
- Tangible fixed assets +€446,904
up €446,904 (+3.5%), from €13.0m to €13.4m
of which Assets under construction and advance payments: +€370,225
Equity and liabilities
- Reserves -€444,757
down €444,757 (-12.6%), from €3.5m to €3.1m
of which Distributable reserves: -€444,757
- Trade debts +€255,194
up €255,194 (+9601.4%), from €2,658 to €257,852
Income statement
- Gross operating margin -€298,074
down €298,074 (-99.7%), from €298,873 to €799
- Staff costs +€297,652
up €297,652 (+579.1%), from €51,401 to €349,053
- Financial income -€11,788
down €11,788 (-55.2%), from €21,348 to €9,559
- Other operating charges -€7,113
down €7,113 (-54.4%), from €13,068 to €5,954
- Write-downs +€6,210
new in 2025: €6,210
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
€163,816
Gross operating margin
-€298,074
Staff costs
-€297,652
Depreciation
-€864
Write-downs
-€6,210
Other operating charges
+€7,113
Other operating items
+€1,011
Financial income
-€11,788
Financial charges
-€1,095
Taxes
-€1,015
Result 2025
-€444,757
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.
From operations
+€400,141
Investment
-€488,243
Financing
+€87,553
Cash 2024
€59,327
From operations (derived)
+€400,141
Net result for the year
-€444,757
Depreciation
+€35,759
Receivables within one year
+€501,160
Deferred charges and accrued income
-€6,956
Trade debts
+€255,194
Tax, wage and social debts
+€5,912
Other debts
+€31,404
Accrued charges and deferred income
+€22,424
Investment (derived)
-€488,243
Investment in fixed assets (net)
-€488,243
Financing
+€87,553
Debts after one year
+€79,998
Current portion of long-term debt
+€7,555
Cash 2025
€58,778
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,626,559 | €13,584,289 | -€42,270 | -0.3% |
| Fixed assets | 21/28 | €12,955,708 | €13,408,192 | +€452,484 | +3.5% |
| Tangible fixed assets | 22/27 | €12,953,458 | €13,400,362 | +€446,904 | +3.5% |
| Land and buildings | 22 | €12,744,271 | €12,782,455 | +€38,184 | +0.3% |
| Furniture and vehicles | 24 | - | €1,170 | +€1,170 | |
| Other tangible fixed assets | 26 | €209,187 | €246,512 | +€37,325 | +17.8% |
| Assets under construction and advance payments | 27 | - | €370,225 | +€370,225 | |
| Financial fixed assets | 28 | €2,250 | €7,830 | +€5,580 | +248.0% |
| Current assets | 29/58 | €670,851 | €176,097 | -€494,754 | -73.8% |
| Amounts receivable within one year | 40/41 | €610,405 | €109,244 | -€501,160 | -82.1% |
| Trade receivables | 40 | €73,642 | €109,244 | +€35,602 | +48.3% |
| Other amounts receivable | 41 | €536,763 | - | -€536,763 | |
| Cash at bank and in hand | 54/58 | €59,327 | €58,778 | -€550 | -0.9% |
| Deferred charges and accrued income | 490/1 | €1,119 | €8,075 | +€6,956 | +621.6% |
| Total equity and liabilities | 10/49 | €13,626,559 | €13,584,289 | -€42,270 | -0.3% |
| Equity | 10/15 | €11,129,483 | €10,684,726 | -€444,757 | -4.0% |
| Contributions | 10/11 | €221,042 | €221,042 | = | 0.0% |
| Capital | 10 | €221,042 | €221,042 | = | 0.0% |
| Issued capital | 100 | €221,042 | €221,042 | = | 0.0% |
| Revaluation surpluses | 12 | €7,371,307 | €7,371,307 | = | 0.0% |
| Reserves | 13 | €3,537,134 | €3,092,377 | -€444,757 | -12.6% |
| Non-distributable reserves | 130/1 | €47,500 | €47,500 | = | 0.0% |
| Legal reserve | 130 | €47,500 | €47,500 | = | 0.0% |
| Distributable reserves | 133 | €3,489,634 | €3,044,877 | -€444,757 | -12.7% |
| Amounts payable | 17/49 | €2,497,076 | €2,899,564 | +€402,487 | +16.1% |
| Amounts payable after more than one year | 17 | €1,900,787 | €1,980,784 | +€79,998 | +4.2% |
| Financial debts | 170/4 | €1,900,787 | €1,570,784 | -€330,002 | -17.4% |
| Other amounts payable | 178/9 | - | €410,000 | +€410,000 | |
| Amounts payable within one year | 42/48 | €373,071 | €673,136 | +€300,065 | +80.4% |
| Current portion of amounts payable after more than one year | 42 | €322,447 | €330,002 | +€7,555 | +2.3% |
| Trade debts | 44 | €2,658 | €257,852 | +€255,194 | +9601.4% |
| Suppliers | 440/4 | €2,658 | €257,852 | +€255,194 | +9601.4% |
| Taxes, remuneration and social security | 45 | €40,745 | €46,658 | +€5,912 | +14.5% |
| Taxes | 450/3 | €35,103 | €20,389 | -€14,714 | -41.9% |
| Remuneration and social security | 454/9 | €5,642 | €26,269 | +€20,627 | +365.6% |
| Other amounts payable | 47/48 | €7,221 | €38,625 | +€31,404 | +434.9% |
| Accrued charges and deferred income | 492/3 | €223,219 | €245,643 | +€22,424 | +10.0% |
| Remuneration, social security and pensions | 62 | €51,401 | €349,053 | +€297,652 | +579.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,895 | €35,759 | +€864 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,210 | +€6,210 | |
| Other operating charges | 640/8 | €13,068 | €5,954 | -€7,113 | -54.4% |
| Non-recurring operating charges | 66A | €5,000 | €3,989 | -€1,011 | -20.2% |
| Gross operating margin | 9900 | €298,873 | €799 | -€298,074 | -99.7% |
| Operating profit (loss) | 9901 | €194,509 | -€400,166 | -€594,676 | |
| Financial income | 75/76B | €21,348 | €9,559 | -€11,788 | -55.2% |
| Recurring financial income | 75 | €21,348 | €9,559 | -€11,788 | -55.2% |
| Financial charges | 65/66B | €51,790 | €52,884 | +€1,095 | +2.1% |
| Recurring financial charges | 65 | €51,790 | €52,884 | +€1,095 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €164,067 | -€443,491 | -€607,559 | |
| Income taxes | 67/77 | €251 | €1,266 | +€1,015 | +404.1% |
| Profit (loss) for the period | 9904 | €163,816 | -€444,757 | -€608,573 | |
| Profit (loss) for the period to be appropriated | 9905 | €163,816 | -€444,757 | -€608,573 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.