AsterX Immo: 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
AsterX Immo
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€17,443
2025 · -€122,644+€140,087
Equity
€12,490
2025 · -€4,953+€17,443
Cash
€3,407
2025 · €3,336+€71
Balance sheet total
€1.8m
2025 · €2.1m-€293,081
Largest movements
Assets
- Tangible fixed assets -€266,837
down €266,837 (-13.0%), from €2.1m to €1.8m
- Receivables within one year -€23,106
down €23,106 (-47.7%), from €48,398 to €25,292
of which Trade receivables: -€23,309
Equity and liabilities
- Debts after one year -€307,196
down €307,196 (-38.4%), from €799,736 to €492,540
- Other debts +€142,609
up €142,609 (+24.8%), from €574,419 to €717,028
- Trade debts -€84,569
down €84,569 (-70.5%), from €119,934 to €35,365
- Short-term financial debts -€63,332
down €63,332 (-12.0%), from €529,165 to €465,833
Income statement
- Gross operating margin +€100,788
up €100,788 (+106.4%), from €94,685 to €195,473
- Financial charges -€19,870
down €19,870 (-24.3%), from €81,811 to €61,941
- Depreciation -€19,557
down €19,557 (-14.9%), from €131,003 to €111,446
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.
Result 2025
-€122,644
Gross operating margin
+€100,788
Depreciation
+€19,557
Other operating charges
-€1,380
Other operating items
+€1,977
Financial income
-€725
Financial charges
+€19,870
Result 2026
€17,443
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.
From operations
+€233,969
Investment
+€155,391
Financing
-€389,290
Cash 2025
€3,336
From operations (derived)
+€233,969
Net result for the year
+€17,443
Depreciation
+€111,446
Receivables within one year
+€23,106
Deferred charges and accrued income
+€3,208
Trade debts
-€84,569
Tax, wage and social debts
-€538
Advances received
+€3,605
Other debts
+€142,609
Accrued charges and deferred income
+€17,659
Investment (derived)
+€155,391
Investment in fixed assets (net)
+€155,391
Financing
-€389,290
Debts after one year
-€307,196
Current portion of long-term debt
-€18,761
Short-term financial debts
-€63,332
Cash 2026
€3,407
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,122,450 | €1,829,369 | -€293,081 | -13.8% |
| Fixed assets | 21/28 | €2,067,508 | €1,800,671 | -€266,837 | -12.9% |
| Tangible fixed assets | 22/27 | €2,060,383 | €1,793,546 | -€266,837 | -13.0% |
| Land and buildings | 22 | €2,060,383 | €1,793,546 | -€266,837 | -13.0% |
| Financial fixed assets | 28 | €7,125 | €7,125 | = | 0.0% |
| Current assets | 29/58 | €54,943 | €28,699 | -€26,244 | -47.8% |
| Amounts receivable within one year | 40/41 | €48,398 | €25,292 | -€23,106 | -47.7% |
| Trade receivables | 40 | €48,398 | €25,089 | -€23,309 | -48.2% |
| Other amounts receivable | 41 | - | €203 | +€203 | |
| Cash at bank and in hand | 54/58 | €3,336 | €3,407 | +€71 | +2.1% |
| Deferred charges and accrued income | 490/1 | €3,208 | €0 | -€3,208 | -100.0% |
| Total equity and liabilities | 10/49 | €2,122,450 | €1,829,369 | -€293,081 | -13.8% |
| Equity | 10/15 | -€4,953 | €12,490 | +€17,443 | |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €2,050 | €2,050 | = | 0.0% |
| Distributable reserves | 133 | €2,050 | €2,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€307,002 | -€289,560 | +€17,443 | +5.7% |
| Amounts payable | 17/49 | €2,127,403 | €1,816,879 | -€310,523 | -14.6% |
| Amounts payable after more than one year | 17 | €799,736 | €492,540 | -€307,196 | -38.4% |
| Financial debts | 170/4 | €799,736 | €492,540 | -€307,196 | -38.4% |
| Amounts payable within one year | 42/48 | €1,306,484 | €1,285,498 | -€20,987 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €82,428 | €63,667 | -€18,761 | -22.8% |
| Financial debts | 43 | €529,165 | €465,833 | -€63,332 | -12.0% |
| Credit institutions | 430/8 | €529,165 | €465,833 | -€63,332 | -12.0% |
| Trade debts | 44 | €119,934 | €35,365 | -€84,569 | -70.5% |
| Suppliers | 440/4 | €119,934 | €35,365 | -€84,569 | -70.5% |
| Advances received on contracts in progress | 46 | - | €3,605 | +€3,605 | |
| Taxes, remuneration and social security | 45 | €538 | €0 | -€538 | -100.0% |
| Taxes | 450/3 | €538 | €0 | -€538 | -100.0% |
| Other amounts payable | 47/48 | €574,419 | €717,028 | +€142,609 | +24.8% |
| Accrued charges and deferred income | 492/3 | €21,183 | €38,842 | +€17,659 | +83.4% |
| Non-recurring operating income | 76A | - | €80,128 | +€80,128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,003 | €111,446 | -€19,557 | -14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,263 | €4,643 | +€1,380 | +42.3% |
| Non-recurring operating charges | 66A | €1,977 | €0 | -€1,977 | -100.0% |
| Gross operating margin | 9900 | €94,685 | €195,473 | +€100,788 | +106.4% |
| Operating profit (loss) | 9901 | -€41,558 | €79,384 | +€120,942 | |
| Financial income | 75/76B | €725 | €0 | -€725 | -100.0% |
| Recurring financial income | 75 | €725 | €0 | -€725 | -100.0% |
| Financial charges | 65/66B | €81,811 | €61,941 | -€19,870 | -24.3% |
| Recurring financial charges | 65 | €81,811 | €61,941 | -€19,870 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€122,644 | €17,443 | +€140,087 | |
| Profit (loss) for the period | 9904 | -€122,644 | €17,443 | +€140,087 | |
| Profit (loss) for the period to be appropriated | 9905 | -€122,644 | €17,443 | +€140,087 |
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 7 October 2026 via checked.be.