ASTRA RAIL: 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.
ASTRA RAIL
Largest movements
- Current investments -€474,000
down €474,000 (-31.8%), from €1.5m to €1.0m
- Stocks and contracts -€97,967
down €97,967 (-33.3%), from €294,319 to €196,352
- Receivables within one year -€81,352
down €81,352 (-11.1%), from €733,646 to €652,294
of which Other amounts receivable: -€106,218
- Tangible fixed assets +€74,858
up €74,858 (+2.6%), from €2.8m to €2.9m
of which Furniture and vehicles: +€370,559
- Profit (loss) carried forward -€676,813
down €676,813 (-26.2%), from €2.6m to €1.9m
- Provisions +€288,781
up €288,781 (+21.1%), from €1.4m to €1.7m
- Current portion of long-term debt -€288,330
down €288,330 (-93.3%), from €309,050 to €20,720
- Trade debts +€105,232
up €105,232 (+61.0%), from €172,651 to €277,883
- Gross operating margin +€953,935
up €953,935 (+174%), from €549,245 to €1.5m
- Provisions +€771,136
up €771,136, from -€482,355 to €288,781
- Depreciation -€111,328
down €111,328 (-12.2%), from €913,870 to €802,542
- Taxes +€70,744
up €70,744 (+181%), from €39,052 to €109,796
- Financial income -€16,738
down €16,738 (-33.1%), from €50,598 to €33,860
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 | €5,387,758 | €4,795,955 | -€591,803 | -11.0% |
| Fixed assets | 21/28 | €2,844,245 | €2,919,103 | +€74,858 | +2.6% |
| Tangible fixed assets | 22/27 | €2,844,245 | €2,919,103 | +€74,858 | +2.6% |
| Furniture and vehicles | 24 | €1,889,619 | €2,260,178 | +€370,559 | +19.6% |
| Leasing and similar rights | 25 | €954,627 | €658,926 | -€295,701 | -31.0% |
| Current assets | 29/58 | €2,543,513 | €1,876,852 | -€666,661 | -26.2% |
| Stocks and contracts in progress | 3 | €294,319 | €196,352 | -€97,967 | -33.3% |
| Stocks | 30/36 | €294,319 | €196,352 | -€97,967 | -33.3% |
| Amounts receivable within one year | 40/41 | €733,646 | €652,294 | -€81,352 | -11.1% |
| Trade receivables | 40 | €9,633 | €34,499 | +€24,866 | +258% |
| Other amounts receivable | 41 | €724,013 | €617,795 | -€106,218 | -14.7% |
| Current investments | 50/53 | €1,492,000 | €1,018,000 | -€474,000 | -31.8% |
| Cash at bank and in hand | 54/58 | €23,246 | €10,206 | -€13,040 | -56.1% |
| Deferred charges and accrued income | 490/1 | €302 | - | -€302 | |
| Total equity and liabilities | 10/49 | €5,387,758 | €4,795,955 | -€591,803 | -11.0% |
| Equity | 10/15 | €3,513,785 | €2,836,972 | -€676,813 | -19.3% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Capital | 10 | €850,000 | €850,000 | = | 0.0% |
| Issued capital | 100 | €850,000 | €850,000 | = | 0.0% |
| Reserves | 13 | €85,000 | €85,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85,000 | €85,000 | = | 0.0% |
| Legal reserve | 130 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,578,785 | €1,901,972 | -€676,813 | -26.2% |
| Provisions and deferred taxes | 16 | €1,365,552 | €1,654,333 | +€288,781 | +21.1% |
| Provisions for liabilities and charges | 160/5 | €1,365,552 | €1,654,333 | +€288,781 | +21.1% |
| Major repairs and maintenance | 162 | €1,365,552 | €1,654,333 | +€288,781 | +21.1% |
| Amounts payable | 17/49 | €508,421 | €304,649 | -€203,772 | -40.1% |
| Amounts payable after more than one year | 17 | €20,720 | - | -€20,720 | |
| Financial debts | 170/4 | €20,720 | - | -€20,720 | |
| Amounts payable within one year | 42/48 | €487,701 | €304,649 | -€183,052 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €309,050 | €20,720 | -€288,330 | -93.3% |
| Trade debts | 44 | €172,651 | €277,883 | +€105,232 | +61.0% |
| Suppliers | 440/4 | €172,651 | €277,883 | +€105,232 | +61.0% |
| Taxes, remuneration and social security | 45 | - | €46 | +€46 | |
| Taxes | 450/3 | - | €46 | +€46 | |
| Other amounts payable | 47/48 | €6,000 | €6,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €913,870 | €802,542 | -€111,328 | -12.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€482,355 | €288,781 | +€771,136 | |
| Other operating charges | 640/8 | €3,023 | €3,382 | +€359 | +11.9% |
| Gross operating margin | 9900 | €549,245 | €1,503,180 | +€953,935 | +174% |
| Operating profit (loss) | 9901 | €114,707 | €408,474 | +€293,767 | +256% |
| Financial income | 75/76B | €50,598 | €33,860 | -€16,738 | -33.1% |
| Recurring financial income | 75 | €50,598 | €33,860 | -€16,738 | -33.1% |
| Financial charges | 65/66B | €9,546 | €3,351 | -€6,195 | -64.9% |
| Recurring financial charges | 65 | €9,546 | €3,351 | -€6,195 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €155,759 | €438,983 | +€283,224 | +182% |
| Income taxes | 67/77 | €39,052 | €109,796 | +€70,744 | +181% |
| Profit (loss) for the period | 9904 | €116,707 | €329,187 | +€212,481 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €116,707 | €329,187 | +€212,481 | +182% |
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 15 October 2026 via checked.be.