ASTERIX: 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.
ASTERIX
Largest movements
- Tangible fixed assets +€438,474
up €438,474 (+68.7%), from €638,140 to €1.1m
of which Plant, machinery and equipment: +€444,490
- Cash -€124,267
down €124,267 (-88.3%), from €140,754 to €16,487
mainly Investment in fixed assets (net) (-€481,281) and Other debts (-€156,864)
- Receivables within one year -€31,314
down €31,314 (-72.2%), from €43,388 to €12,074
of which Trade receivables: -€28,757
- Debts after one year +€468,867
up €468,867 (+28,416%), from €1,650 to €470,517
- Other debts -€156,864
down €156,864 (-91.3%), from €171,864 to €15,000
- Reserves -€40,956
down €40,956 (-45.7%), from €89,554 to €48,598
of which Distributable reserves: -€40,956
- Depreciation +€35,993
up €35,993 (+528%), from €6,814 to €42,807
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 | €1,090,315 | €1,373,208 | +€282,893 | +25.9% |
| Fixed assets | 21/28 | €906,173 | €1,344,647 | +€438,474 | +48.4% |
| Intangible fixed assets | 21 | €263,263 | €263,263 | = | 0.0% |
| Tangible fixed assets | 22/27 | €638,140 | €1,076,614 | +€438,474 | +68.7% |
| Land and buildings | 22 | €585,540 | €579,685 | -€5,855 | -1.0% |
| Plant, machinery and equipment | 23 | €52,440 | €496,929 | +€444,490 | +848% |
| Furniture and vehicles | 24 | €161 | €0 | -€161 | -100% |
| Financial fixed assets | 28 | €4,771 | €4,771 | = | 0.0% |
| Current assets | 29/58 | €184,142 | €28,561 | -€155,581 | -84.5% |
| Amounts receivable within one year | 40/41 | €43,388 | €12,074 | -€31,314 | -72.2% |
| Trade receivables | 40 | €35,032 | €6,275 | -€28,757 | -82.1% |
| Other amounts receivable | 41 | €8,356 | €5,799 | -€2,558 | -30.6% |
| Cash at bank and in hand | 54/58 | €140,754 | €16,487 | -€124,267 | -88.3% |
| Total equity and liabilities | 10/49 | €1,090,315 | €1,373,208 | +€282,893 | +25.9% |
| Equity | 10/15 | €914,554 | €873,598 | -€40,956 | -4.5% |
| Contributions | 10/11 | €825,000 | €825,000 | = | 0.0% |
| Capital | 10 | €825,000 | €825,000 | = | 0.0% |
| Issued capital | 100 | €825,000 | €825,000 | = | 0.0% |
| Reserves | 13 | €89,554 | €48,598 | -€40,956 | -45.7% |
| Non-distributable reserves | 130/1 | €7,169 | €7,169 | = | 0.0% |
| Legal reserve | 130 | €6,010 | €6,010 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,159 | €1,159 | = | 0.0% |
| Distributable reserves | 133 | €82,384 | €41,429 | -€40,956 | -49.7% |
| Amounts payable | 17/49 | €175,761 | €499,610 | +€323,849 | +184% |
| Amounts payable after more than one year | 17 | €1,650 | €470,517 | +€468,867 | +28,416% |
| Other amounts payable | 178/9 | €1,650 | €470,517 | +€468,867 | +28,416% |
| Amounts payable within one year | 42/48 | €174,111 | €29,093 | -€145,019 | -83.3% |
| Trade debts | 44 | €2,215 | €14,076 | +€11,862 | +536% |
| Suppliers | 440/4 | €2,215 | €14,076 | +€11,862 | +536% |
| Taxes, remuneration and social security | 45 | €33 | €17 | -€16 | -48.6% |
| Taxes | 450/3 | €33 | €17 | -€16 | -48.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €171,864 | €15,000 | -€156,864 | -91.3% |
| Remuneration, social security and pensions | 62 | €50,112 | €50,574 | +€462 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,814 | €42,807 | +€35,993 | +528% |
| Other operating charges | 640/8 | €9,569 | €9,047 | -€522 | -5.5% |
| Non-recurring operating charges | 66A | - | €4,438 | +€4,438 | |
| Gross operating margin | 9900 | €66,371 | €66,343 | -€29 | 0.0% |
| Operating profit (loss) | 9901 | -€124 | -€40,524 | -€40,400 | -32,549% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €162 | €135 | -€27 | -16.5% |
| Recurring financial charges | 65 | €162 | €135 | -€27 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€286 | -€40,659 | -€40,373 | -14,118% |
| Income taxes | 67/77 | €283 | €297 | +€14 | +5.0% |
| Profit (loss) for the period | 9904 | -€569 | -€40,956 | -€40,387 | -7,104% |
| Profit (loss) for the period to be appropriated | 9905 | -€569 | -€40,956 | -€40,387 | -7,104% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.