ASTO: 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.
ASTO
Largest movements
- Current investments -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Cash -€120,134
down €120,134 (-33.9%), from €354,397 to €234,263
mainly Contributions, distributions and other (-€470,000) and Advances received (-€68,350)
- Stocks and contracts -€25,216
down €25,216 (-39.9%), from €63,141 to €37,925
- Receivables within one year +€23,332
up €23,332 (+39.9%), from €58,419 to €81,751
of which Trade receivables: +€30,422
- Tangible fixed assets -€16,532
down €16,532 (-18.7%), from €88,333 to €71,801
of which Plant, machinery and equipment: -€9,760
- Reserves -€343,435
down €343,435 (-72.8%), from €471,781 to €128,346
- Advances received -€68,350
down €68,350 (-55.9%), from €122,296 to €53,945
- Other debts +€60,012
up €60,012 (+103397.8%), from €58 to €60,070
- Trade debts -€52,985
down €52,985 (-38.7%), from €136,902 to €83,917
- Tax, wage and social debts -€34,370
down €34,370 (-32.7%), from €105,028 to €70,658
of which Taxes: -€36,136
- Gross operating margin +€12,586
up €12,586 (+4.8%), from €264,446 to €277,032
- Staff costs +€5,966
up €5,966 (+7.2%), from €82,331 to €88,296
- Depreciation +€5,921
up €5,921 (+32.8%), from €18,051 to €23,972
- Financial income -€3,675
down €3,675 (-76.0%), from €4,837 to €1,162
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 | €866,976 | €426,955 | -€440,021 | -50.8% |
| Fixed assets | 21/28 | €88,333 | €71,801 | -€16,532 | -18.7% |
| Tangible fixed assets | 22/27 | €88,333 | €71,801 | -€16,532 | -18.7% |
| Plant, machinery and equipment | 23 | €53,270 | €43,510 | -€9,760 | -18.3% |
| Furniture and vehicles | 24 | €30,780 | €24,580 | -€6,200 | -20.1% |
| Other tangible fixed assets | 26 | €4,284 | €3,711 | -€572 | -13.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €778,643 | €355,154 | -€423,488 | -54.4% |
| Stocks and contracts in progress | 3 | €63,141 | €37,925 | -€25,216 | -39.9% |
| Stocks | 30/36 | €63,141 | €37,925 | -€25,216 | -39.9% |
| Amounts receivable within one year | 40/41 | €58,419 | €81,751 | +€23,332 | +39.9% |
| Trade receivables | 40 | €39,010 | €69,432 | +€30,422 | +78.0% |
| Other amounts receivable | 41 | €19,409 | €12,319 | -€7,090 | -36.5% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €354,397 | €234,263 | -€120,134 | -33.9% |
| Deferred charges and accrued income | 490/1 | €2,686 | €1,215 | -€1,471 | -54.8% |
| Total equity and liabilities | 10/49 | €866,976 | €426,955 | -€440,021 | -50.8% |
| Equity | 10/15 | €481,781 | €138,346 | -€343,435 | -71.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €471,781 | €128,346 | -€343,435 | -72.8% |
| Distributable reserves | 133 | €471,781 | €128,346 | -€343,435 | -72.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €385,195 | €288,610 | -€96,585 | -25.1% |
| Amounts payable within one year | 42/48 | €364,284 | €268,590 | -€95,694 | -26.3% |
| Trade debts | 44 | €136,902 | €83,917 | -€52,985 | -38.7% |
| Suppliers | 440/4 | €136,902 | €83,917 | -€52,985 | -38.7% |
| Advances received on contracts in progress | 46 | €122,296 | €53,945 | -€68,350 | -55.9% |
| Taxes, remuneration and social security | 45 | €105,028 | €70,658 | -€34,370 | -32.7% |
| Taxes | 450/3 | €84,693 | €48,557 | -€36,136 | -42.7% |
| Remuneration and social security | 454/9 | €20,335 | €22,101 | +€1,765 | +8.7% |
| Other amounts payable | 47/48 | €58 | €60,070 | +€60,012 | +103397.8% |
| Accrued charges and deferred income | 492/3 | €20,911 | €20,019 | -€891 | -4.3% |
| Remuneration, social security and pensions | 62 | €82,331 | €88,296 | +€5,966 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,051 | €23,972 | +€5,921 | +32.8% |
| Other operating charges | 640/8 | €675 | €1,229 | +€554 | +82.0% |
| Gross operating margin | 9900 | €264,446 | €277,032 | +€12,586 | +4.8% |
| Operating profit (loss) | 9901 | €163,389 | €163,535 | +€146 | +0.1% |
| Financial income | 75/76B | €4,837 | €1,162 | -€3,675 | -76.0% |
| Recurring financial income | 75 | €4,837 | €1,162 | -€3,675 | -76.0% |
| Financial charges | 65/66B | €117 | €349 | +€233 | +199.5% |
| Recurring financial charges | 65 | €117 | €349 | +€233 | +199.5% |
| Profit (loss) for the period before taxes | 9903 | €168,110 | €164,348 | -€3,762 | -2.2% |
| Income taxes | 67/77 | €38,980 | €37,783 | -€1,197 | -3.1% |
| Profit (loss) for the period | 9904 | €129,130 | €126,565 | -€2,565 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €129,130 | €126,565 | -€2,565 | -2.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.