ASTERION RESEARCH & DEVELOPMENT: 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.
ASTERION RESEARCH & DEVELOPMENT
Largest movements
- Financial fixed assets +€2.0m
up €2.0m (+658.1%), from €301,109 to €2.3m
- Receivables after one year -€151,481
down €151,481 (-100.0%), from €151,481 to €0
- Receivables within one year -€89,868
down €89,868 (-85.2%), from €105,480 to €15,612
of which Trade receivables: -€60,292
- Revaluation surpluses +€2.3m
new in 2025: €2.3m
- Profit (loss) carried forward -€621,245
down €621,245 (-1789.8%), from -€34,711 to -€655,956
- Tax, wage and social debts -€74,365
down €74,365 (-100.0%), from €74,365 to €0
- Debts after one year +€66,741
up €66,741 (+20.2%), from €330,750 to €397,492
- Other debts +€56,891
up €56,891 (+38.1%), from €149,447 to €206,338
- Write-downs +€500,035
new in 2025: €500,035
- Gross operating margin -€211,936
down €211,936, from €119,958 to -€91,977
- Other operating charges -€47,637
down €47,637 (-92.5%), from €51,498 to €3,861
- Financial charges -€4,315
down €4,315 (-15.5%), from €27,883 to €23,567
- Financial income +€1,611
up €1,611 (+104.0%), from €1,548 to €3,159
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 | €571,425 | €2,306,761 | +€1.7m | +303.7% |
| Fixed assets | 21/28 | €314,426 | €2,291,149 | +€2.0m | +628.7% |
| Intangible fixed assets | 21 | €6,901 | €3,446 | -€3,455 | -50.1% |
| Tangible fixed assets | 22/27 | €6,416 | €4,907 | -€1,509 | -23.5% |
| Furniture and vehicles | 24 | €6,416 | €4,907 | -€1,509 | -23.5% |
| Financial fixed assets | 28 | €301,109 | €2,282,796 | +€2.0m | +658.1% |
| Current assets | 29/58 | €256,999 | €15,612 | -€241,387 | -93.9% |
| Amounts receivable after more than one year | 29 | €151,481 | €0 | -€151,481 | -100.0% |
| Other amounts receivable | 291 | €151,481 | €0 | -€151,481 | -100.0% |
| Amounts receivable within one year | 40/41 | €105,480 | €15,612 | -€89,868 | -85.2% |
| Trade receivables | 40 | €65,525 | €5,233 | -€60,292 | -92.0% |
| Other amounts receivable | 41 | €39,955 | €10,379 | -€29,576 | -74.0% |
| Cash at bank and in hand | 54/58 | €39 | €0 | -€39 | -100.0% |
| Total equity and liabilities | 10/49 | €571,425 | €2,306,761 | +€1.7m | +303.7% |
| Equity | 10/15 | -€16,161 | €1,644,281 | +€1.7m | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | - | €2,281,687 | +€2.3m | |
| Profit (loss) carried forward | 14 | -€34,711 | -€655,956 | -€621,245 | -1789.8% |
| Amounts payable | 17/49 | €587,586 | €662,480 | +€74,895 | +12.7% |
| Amounts payable after more than one year | 17 | €330,750 | €397,492 | +€66,741 | +20.2% |
| Financial debts | 170/4 | €330,750 | €397,492 | +€66,741 | +20.2% |
| Amounts payable within one year | 42/48 | €256,835 | €264,988 | +€8,153 | +3.2% |
| Financial debts | 43 | €144 | €0 | -€144 | -100.0% |
| Credit institutions | 430/8 | €144 | €0 | -€144 | -100.0% |
| Trade debts | 44 | €32,879 | €58,650 | +€25,771 | +78.4% |
| Suppliers | 440/4 | €32,879 | €58,650 | +€25,771 | +78.4% |
| Taxes, remuneration and social security | 45 | €74,365 | €0 | -€74,365 | -100.0% |
| Taxes | 450/3 | €74,365 | €0 | -€74,365 | -100.0% |
| Other amounts payable | 47/48 | €149,447 | €206,338 | +€56,891 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,963 | €4,963 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €500,035 | +€500,035 | |
| Other operating charges | 640/8 | €51,498 | €3,861 | -€47,637 | -92.5% |
| Gross operating margin | 9900 | €119,958 | -€91,977 | -€211,936 | |
| Operating profit (loss) | 9901 | €63,497 | -€600,837 | -€664,334 | |
| Financial income | 75/76B | €1,548 | €3,159 | +€1,611 | +104.0% |
| Recurring financial income | 75 | €1,548 | €3,159 | +€1,611 | +104.0% |
| Financial charges | 65/66B | €27,883 | €23,567 | -€4,315 | -15.5% |
| Recurring financial charges | 65 | €27,883 | €23,567 | -€4,315 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €37,163 | -€621,245 | -€658,407 | |
| Profit (loss) for the period | 9904 | €37,163 | -€621,245 | -€658,407 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,163 | -€621,245 | -€658,407 |
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 7 October 2026 via checked.be.