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
- Receivables within one year -€293,732
down €293,732 (-55.6%), from €527,880 to €234,148
of which Other amounts receivable: -€258,642
- Cash -€117,474
down €117,474 (-68.2%), from €172,214 to €54,740
mainly Other debts (-€295,993) and Stocks and contracts (-€74,606)
- Stocks and contracts +€74,606
up €74,606 (+15.2%), from €489,947 to €564,553
of which Stocks: +€74,606
- Other debts -€295,993
down €295,993 (-22.2%), from €1.3m to €1.0m
- Trade debts -€35,094
down €35,094 (-68.0%), from €51,642 to €16,548
- Gross operating margin -€13,282
down €13,282 (-81.4%), from €16,314 to €3,033
- Taxes -€1,864
no longer reported in 2025 (was €1,864)
- Financial charges -€501
down €501 (-18.7%), from €2,677 to €2,176
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 | €1,611,824 | €1,268,695 | -€343,129 | -21.3% |
| Fixed assets | 21/28 | €420,278 | €412,250 | -€8,028 | -1.9% |
| Tangible fixed assets | 22/27 | €141,380 | €133,352 | -€8,028 | -5.7% |
| Land and buildings | 22 | €138,950 | €131,538 | -€7,413 | -5.3% |
| Plant, machinery and equipment | 23 | €2,263 | €1,814 | -€449 | -19.9% |
| Furniture and vehicles | 24 | €167 | - | -€167 | |
| Financial fixed assets | 28 | €278,898 | €278,898 | = | 0.0% |
| Current assets | 29/58 | €1,191,546 | €856,446 | -€335,101 | -28.1% |
| Stocks and contracts in progress | 3 | €489,947 | €564,553 | +€74,606 | +15.2% |
| Stocks | 30/36 | €477,947 | €552,553 | +€74,606 | +15.6% |
| Contracts in progress | 37 | €12,000 | €12,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €527,880 | €234,148 | -€293,732 | -55.6% |
| Trade receivables | 40 | €35,090 | - | -€35,090 | |
| Other amounts receivable | 41 | €492,790 | €234,148 | -€258,642 | -52.5% |
| Cash at bank and in hand | 54/58 | €172,214 | €54,740 | -€117,474 | -68.2% |
| Deferred charges and accrued income | 490/1 | €1,506 | €3,005 | +€1,500 | +99.6% |
| Total equity and liabilities | 10/49 | €1,611,824 | €1,268,695 | -€343,129 | -21.3% |
| Equity | 10/15 | €226,542 | €216,364 | -€10,178 | -4.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,371 | €148,193 | -€10,178 | -6.4% |
| Amounts payable | 17/49 | €1,385,282 | €1,052,331 | -€332,951 | -24.0% |
| Amounts payable within one year | 42/48 | €1,385,282 | €1,052,331 | -€332,951 | -24.0% |
| Trade debts | 44 | €51,642 | €16,548 | -€35,094 | -68.0% |
| Suppliers | 440/4 | €51,642 | €16,548 | -€35,094 | -68.0% |
| Taxes, remuneration and social security | 45 | €1,864 | - | -€1,864 | |
| Taxes | 450/3 | €1,864 | - | -€1,864 | |
| Other amounts payable | 47/48 | €1,331,775 | €1,035,783 | -€295,993 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,058 | €8,028 | -€29 | -0.4% |
| Other operating charges | 640/8 | €2,994 | €3,006 | +€12 | +0.4% |
| Gross operating margin | 9900 | €16,314 | €3,033 | -€13,282 | -81.4% |
| Operating profit (loss) | 9901 | €5,263 | -€8,002 | -€13,264 | |
| Financial charges | 65/66B | €2,677 | €2,176 | -€501 | -18.7% |
| Recurring financial charges | 65 | €2,677 | €2,176 | -€501 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €2,585 | -€10,178 | -€12,763 | |
| Income taxes | 67/77 | €1,864 | - | -€1,864 | |
| Profit (loss) for the period | 9904 | €721 | -€10,178 | -€10,899 | |
| Profit (loss) for the period to be appropriated | 9905 | €721 | -€10,178 | -€10,899 |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.