ASTI & CO: 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.
ASTI & CO
Largest movements
- Tangible fixed assets -€103,558
down €103,558 (-5.3%), from €1.9m to €1.8m
- Receivables after one year -€90,297
down €90,297 (-9.7%), from €929,000 to €838,703
- Cash +€31,365
up €31,365 (+109%), from €28,855 to €60,220
mainly Depreciation (+€134,521) and Receivables after one year (+€90,297)
- Debts after one year -€81,682
down €81,682 (-6.3%), from €1.3m to €1.2m
- Other debts -€62,944
down €62,944 (-10.3%), from €608,976 to €546,032
- Accrued charges and deferred income +€48,418
up €48,418 (+23.2%), from €208,975 to €257,392
- Profit (loss) carried forward +€41,494
up €41,494 (+38.9%), from -€106,617 to -€65,123
- Current portion of long-term debt -€30,893
down €30,893 (-26.9%), from €114,662 to €83,769
- Gross operating margin +€60,361
up €60,361 (+33.2%), from €182,069 to €242,430
- Financial charges -€18,348
down €18,348 (-20.6%), from €89,181 to €70,832
- Depreciation +€3,446
up €3,446 (+2.6%), from €131,075 to €134,521
- Taxes +€2,746
up €2,746 (+216%), from €1,269 to €4,015
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 | €3,042,063 | €2,920,462 | -€121,601 | -4.0% |
| Fixed assets | 21/28 | €2,000,374 | €1,896,816 | -€103,558 | -5.2% |
| Tangible fixed assets | 22/27 | €1,940,374 | €1,836,816 | -€103,558 | -5.3% |
| Land and buildings | 22 | €1,399,730 | €1,364,632 | -€35,097 | -2.5% |
| Plant, machinery and equipment | 23 | €364,972 | €347,421 | -€17,551 | -4.8% |
| Furniture and vehicles | 24 | €175,672 | €124,763 | -€50,909 | -29.0% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €1,041,689 | €1,023,646 | -€18,044 | -1.7% |
| Amounts receivable after more than one year | 29 | €929,000 | €838,703 | -€90,297 | -9.7% |
| Other amounts receivable | 291 | €929,000 | €838,703 | -€90,297 | -9.7% |
| Amounts receivable within one year | 40/41 | €11,699 | €41,834 | +€30,135 | +258% |
| Trade receivables | 40 | €2,308 | €1,457 | -€851 | -36.9% |
| Other amounts receivable | 41 | €9,391 | €40,376 | +€30,985 | +330% |
| Cash at bank and in hand | 54/58 | €28,855 | €60,220 | +€31,365 | +109% |
| Deferred charges and accrued income | 490/1 | €72,136 | €82,889 | +€10,753 | +14.9% |
| Total equity and liabilities | 10/49 | €3,042,063 | €2,920,462 | -€121,601 | -4.0% |
| Equity | 10/15 | €756,655 | €798,149 | +€41,494 | +5.5% |
| Contributions | 10/11 | €701,600 | €701,600 | = | 0.0% |
| Reserves | 13 | €161,672 | €161,672 | = | 0.0% |
| Distributable reserves | 133 | €161,672 | €161,672 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,617 | -€65,123 | +€41,494 | +38.9% |
| Amounts payable | 17/49 | €2,285,408 | €2,122,313 | -€163,095 | -7.1% |
| Amounts payable after more than one year | 17 | €1,293,984 | €1,212,302 | -€81,682 | -6.3% |
| Financial debts | 170/4 | €1,293,984 | €1,212,302 | -€81,682 | -6.3% |
| Amounts payable within one year | 42/48 | €782,449 | €652,618 | -€129,831 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €114,662 | €83,769 | -€30,893 | -26.9% |
| Trade debts | 44 | €13,957 | €5,229 | -€8,728 | -62.5% |
| Suppliers | 440/4 | €13,957 | €5,229 | -€8,728 | -62.5% |
| Taxes, remuneration and social security | 45 | €44,855 | €17,588 | -€27,267 | -60.8% |
| Taxes | 450/3 | €17,044 | €17,588 | +€544 | +3.2% |
| Remuneration and social security | 454/9 | €27,810 | - | -€27,810 | |
| Other amounts payable | 47/48 | €608,976 | €546,032 | -€62,944 | -10.3% |
| Accrued charges and deferred income | 492/3 | €208,975 | €257,392 | +€48,418 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,075 | €134,521 | +€3,446 | +2.6% |
| Other operating charges | 640/8 | €10,036 | €10,860 | +€824 | +8.2% |
| Gross operating margin | 9900 | €182,069 | €242,430 | +€60,361 | +33.2% |
| Operating profit (loss) | 9901 | €40,958 | €97,049 | +€56,091 | +137% |
| Financial income | 75/76B | €19,934 | €19,291 | -€643 | -3.2% |
| Recurring financial income | 75 | €19,082 | €19,291 | +€209 | +1.1% |
| Non-recurring financial income | 76B | €852 | - | -€852 | |
| Financial charges | 65/66B | €89,181 | €70,832 | -€18,348 | -20.6% |
| Recurring financial charges | 65 | €89,181 | €70,832 | -€18,348 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | -€28,289 | €45,508 | +€73,797 | |
| Income taxes | 67/77 | €1,269 | €4,015 | +€2,746 | +216% |
| Profit (loss) for the period | 9904 | -€29,558 | €41,494 | +€71,051 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,558 | €41,494 | +€71,051 |
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 19 October 2026 via checked.be.