AsterX Group: 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.
AsterX Group
Largest movements
- Financial fixed assets +€1.3m
up €1.3m (+225.3%), from €590,703 to €1.9m
- Intangible fixed assets -€662,813
down €662,813 (-71.1%), from €932,540 to €269,726
- Receivables within one year +€231,482
up €231,482 (+44.4%), from €521,630 to €753,113
of which Other amounts receivable: +€229,764
- Cash -€39,133
down €39,133 (-90.3%), from €43,351 to €4,218
mainly Trade debts (-€1.2m) and Investment in fixed assets (net) (-€725,775)
- Contributions +€1.4m
up €1.4m (+2325.3%), from €61,500 to €1.5m
of which Capital: +€1.4m
- Trade debts -€1.2m
down €1.2m (-82.0%), from €1.4m to €254,650
- Other debts +€857,204
up €857,204 (+1136.5%), from €75,424 to €932,628
- Profit (loss) carried forward -€251,644
down €251,644 (-8857.9%), from -€2,841 to -€254,485
- Depreciation -€103,374
down €103,374 (-64.2%), from €160,923 to €57,549
- Financial charges +€42,429
up €42,429 (+433.9%), from €9,778 to €52,207
of which Non-recurring financial charges: +€25,000
- Gross operating margin +€24,773
up €24,773 (+15.0%), from €165,533 to €190,305
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,130,614 | €2,997,620 | +€867,007 | +40.7% |
| Fixed assets | 21/28 | €1,523,243 | €2,191,469 | +€668,226 | +43.9% |
| Intangible fixed assets | 21 | €932,540 | €269,726 | -€662,813 | -71.1% |
| Financial fixed assets | 28 | €590,703 | €1,921,743 | +€1.3m | +225.3% |
| Current assets | 29/58 | €607,371 | €806,151 | +€198,780 | +32.7% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €521,630 | €753,113 | +€231,482 | +44.4% |
| Trade receivables | 40 | €465,088 | €466,806 | +€1,718 | +0.4% |
| Other amounts receivable | 41 | €56,543 | €286,307 | +€229,764 | +406.4% |
| Cash at bank and in hand | 54/58 | €43,351 | €4,218 | -€39,133 | -90.3% |
| Deferred charges and accrued income | 490/1 | €2,390 | €8,820 | +€6,431 | +269.1% |
| Total equity and liabilities | 10/49 | €2,130,614 | €2,997,620 | +€867,007 | +40.7% |
| Equity | 10/15 | €90,519 | €1,268,915 | +€1.2m | +1301.8% |
| Contributions | 10/11 | €61,500 | €1,491,540 | +€1.4m | +2325.3% |
| Capital | 10 | €61,500 | €1,491,540 | +€1.4m | +2325.3% |
| Issued capital | 100 | €61,500 | €1,491,540 | +€1.4m | +2325.3% |
| Outside capital | 11 | €0 | - | = | |
| Other | 1109/19 | €0 | - | = | |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,841 | -€254,485 | -€251,644 | -8857.9% |
| Amounts payable | 17/49 | €2,040,095 | €1,728,706 | -€311,389 | -15.3% |
| Amounts payable after more than one year | 17 | €70,000 | €70,000 | = | 0.0% |
| Financial debts | 170/4 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,966,260 | €1,643,497 | -€322,763 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €80,000 | = | 0.0% |
| Financial debts | 43 | €400,000 | €375,000 | -€25,000 | -6.3% |
| Credit institutions | 430/8 | €400,000 | €375,000 | -€25,000 | -6.3% |
| Trade debts | 44 | €1,410,837 | €254,650 | -€1.2m | -82.0% |
| Suppliers | 440/4 | €1,410,837 | €254,650 | -€1.2m | -82.0% |
| Taxes, remuneration and social security | 45 | - | €1,219 | +€1,219 | |
| Taxes | 450/3 | - | €1,219 | +€1,219 | |
| Other amounts payable | 47/48 | €75,424 | €932,628 | +€857,204 | +1136.5% |
| Accrued charges and deferred income | 492/3 | €3,835 | €15,209 | +€11,374 | +296.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,923 | €57,549 | -€103,374 | -64.2% |
| Other operating charges | 640/8 | €366 | €833 | +€467 | +127.4% |
| Non-recurring operating charges | 66A | - | €335,600 | +€335,600 | |
| Gross operating margin | 9900 | €165,533 | €190,305 | +€24,773 | +15.0% |
| Operating profit (loss) | 9901 | €4,243 | -€203,676 | -€207,919 | |
| Financial income | 75/76B | €2,390 | €4,239 | +€1,849 | +77.4% |
| Recurring financial income | 75 | €2,390 | €4,239 | +€1,849 | +77.4% |
| Financial charges | 65/66B | €9,778 | €52,207 | +€42,429 | +433.9% |
| Recurring financial charges | 65 | €9,778 | €27,207 | +€17,429 | +178.2% |
| Non-recurring financial charges | 66B | - | €25,000 | +€25,000 | |
| Profit (loss) for the period before taxes | 9903 | -€3,145 | -€251,644 | -€248,499 | -7900.5% |
| Profit (loss) for the period | 9904 | -€3,145 | -€251,644 | -€248,499 | -7900.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,145 | -€251,644 | -€248,499 | -7900.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.