Asthom: 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.
Asthom
Largest movements
- Financial fixed assets -€558,925
down €558,925 (-24.7%), from €2.3m to €1.7m
- Current investments +€414,600
up €414,600 (+33.8%), from €1.2m to €1.6m
- Deferred charges and accrued income -€349,576
down €349,576 (-47.6%), from €734,113 to €384,536
- Cash +€328,409
up €328,409 (+545%), from €60,258 to €388,667
mainly Investment in fixed assets (net) (+€558,925) and Other debts (+€517,745)
- Receivables within one year +€326,075
up €326,075 (+69.4%), from €469,710 to €795,785
of which Other amounts receivable: +€326,075
- Other debts +€517,745
up €517,745 (+3,257%), from €15,897 to €533,642
- Reserves -€363,456
down €363,456 (-13.4%), from €2.7m to €2.4m
- Financial income -€755,306
down €755,306 (-83.2%), from €907,778 to €152,472
- Financial charges +€82,888
up €82,888 (+47,045%), from €176 to €83,065
- Taxes -€62,796
down €62,796 (-53.8%), from €116,748 to €53,952
- Gross operating margin +€33,153
up €33,153 (+25.4%), from €130,781 to €163,934
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 | €5,126,639 | €5,266,219 | +€139,581 | +2.7% |
| Fixed assets | 21/28 | €2,635,658 | €2,055,731 | -€579,927 | -22.0% |
| Tangible fixed assets | 22/27 | €375,658 | €354,655 | -€21,003 | -5.6% |
| Land and buildings | 22 | €314,880 | €306,240 | -€8,640 | -2.7% |
| Plant, machinery and equipment | 23 | €1,058 | €567 | -€491 | -46.4% |
| Furniture and vehicles | 24 | €48,720 | €36,848 | -€11,872 | -24.4% |
| Other tangible fixed assets | 26 | €11,000 | €11,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,260,000 | €1,701,075 | -€558,925 | -24.7% |
| Current assets | 29/58 | €2,490,980 | €3,210,488 | +€719,508 | +28.9% |
| Amounts receivable within one year | 40/41 | €469,710 | €795,785 | +€326,075 | +69.4% |
| Trade receivables | 40 | €113,740 | €113,740 | = | 0.0% |
| Other amounts receivable | 41 | €355,970 | €682,045 | +€326,075 | +91.6% |
| Current investments | 50/53 | €1,226,900 | €1,641,500 | +€414,600 | +33.8% |
| Cash at bank and in hand | 54/58 | €60,258 | €388,667 | +€328,409 | +545% |
| Deferred charges and accrued income | 490/1 | €734,113 | €384,536 | -€349,576 | -47.6% |
| Total equity and liabilities | 10/49 | €5,126,639 | €5,266,219 | +€139,581 | +2.7% |
| Equity | 10/15 | €4,981,228 | €4,617,772 | -€363,456 | -7.3% |
| Contributions | 10/11 | €2,260,000 | €2,260,000 | = | 0.0% |
| Reserves | 13 | €2,721,228 | €2,357,772 | -€363,456 | -13.4% |
| Distributable reserves | 133 | €2,721,228 | €2,357,772 | -€363,456 | -13.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €145,411 | €648,447 | +€503,036 | +346% |
| Amounts payable within one year | 42/48 | €145,411 | €646,015 | +€500,604 | +344% |
| Trade debts | 44 | €3,065 | €3,809 | +€744 | +24.3% |
| Suppliers | 440/4 | €3,065 | €3,809 | +€744 | +24.3% |
| Taxes, remuneration and social security | 45 | €126,449 | €108,564 | -€17,885 | -14.1% |
| Taxes | 450/3 | €109,813 | €108,564 | -€1,249 | -1.1% |
| Remuneration and social security | 454/9 | €16,636 | €0 | -€16,636 | -100% |
| Other amounts payable | 47/48 | €15,897 | €533,642 | +€517,745 | +3,257% |
| Accrued charges and deferred income | 492/3 | - | €2,432 | +€2,432 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,694 | €21,003 | +€1,309 | +6.6% |
| Other operating charges | 640/8 | €3,465 | €3,728 | +€263 | +7.6% |
| Gross operating margin | 9900 | €130,781 | €163,934 | +€33,153 | +25.4% |
| Operating profit (loss) | 9901 | €107,623 | €139,204 | +€31,581 | +29.3% |
| Financial income | 75/76B | €907,778 | €152,472 | -€755,306 | -83.2% |
| Recurring financial income | 75 | €907,778 | €152,472 | -€755,306 | -83.2% |
| Financial charges | 65/66B | €176 | €83,065 | +€82,888 | +47,045% |
| Recurring financial charges | 65 | €176 | €83,065 | +€82,888 | +47,045% |
| Profit (loss) for the period before taxes | 9903 | €1,015,224 | €208,611 | -€806,613 | -79.5% |
| Income taxes | 67/77 | €116,748 | €53,952 | -€62,796 | -53.8% |
| Profit (loss) for the period | 9904 | €898,476 | €154,659 | -€743,817 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €898,476 | €154,659 | -€743,817 | -82.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.