Astrad: 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.
Astrad
Largest movements
- Current investments +€130,404
up €130,404 (+161.2%), from €80,882 to €211,287
- Receivables within one year +€23,065
up €23,065 (+24.4%), from €94,474 to €117,539
of which Trade receivables: +€39,660
- Other debts +€159,021
up €159,021 (+811.0%), from €19,607 to €178,628
- Tax, wage and social debts -€9,323
down €9,323 (-42.9%), from €21,740 to €12,417
- Gross operating margin +€143,561
up €143,561 (+59.9%), from €239,834 to €383,395
- Taxes +€20,184
up €20,184 (+28.1%), from €71,859 to €92,043
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 | €339,438 | €492,480 | +€153,043 | +45.1% |
| Fixed assets | 21/28 | €9,427 | €11,663 | +€2,235 | +23.7% |
| Tangible fixed assets | 22/27 | €9,427 | €11,663 | +€2,235 | +23.7% |
| Plant, machinery and equipment | 23 | €2,163 | €379 | -€1,783 | -82.5% |
| Furniture and vehicles | 24 | - | €4,859 | +€4,859 | |
| Other tangible fixed assets | 26 | €7,265 | €6,424 | -€840 | -11.6% |
| Current assets | 29/58 | €330,010 | €480,818 | +€150,807 | +45.7% |
| Amounts receivable within one year | 40/41 | €94,474 | €117,539 | +€23,065 | +24.4% |
| Trade receivables | 40 | €77,879 | €117,539 | +€39,660 | +50.9% |
| Other amounts receivable | 41 | €16,595 | €0 | -€16,595 | -100.0% |
| Current investments | 50/53 | €80,882 | €211,287 | +€130,404 | +161.2% |
| Cash at bank and in hand | 54/58 | €153,774 | €151,150 | -€2,623 | -1.7% |
| Deferred charges and accrued income | 490/1 | €881 | €841 | -€39 | -4.4% |
| Total equity and liabilities | 10/49 | €339,438 | €492,480 | +€153,043 | +45.1% |
| Equity | 10/15 | €297,553 | €298,366 | +€813 | +0.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €287,480 | €287,480 | = | 0.0% |
| Distributable reserves | 133 | €287,480 | €287,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73 | €886 | +€813 | +1115.7% |
| Amounts payable | 17/49 | €41,885 | €194,114 | +€152,229 | +363.4% |
| Amounts payable within one year | 42/48 | €41,885 | €191,667 | +€149,782 | +357.6% |
| Trade debts | 44 | €537 | €622 | +€84 | +15.7% |
| Suppliers | 440/4 | €537 | €622 | +€84 | +15.7% |
| Taxes, remuneration and social security | 45 | €21,740 | €12,417 | -€9,323 | -42.9% |
| Taxes | 450/3 | €21,740 | €12,417 | -€9,323 | -42.9% |
| Other amounts payable | 47/48 | €19,607 | €178,628 | +€159,021 | +811.0% |
| Accrued charges and deferred income | 492/3 | - | €2,447 | +€2,447 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,936 | €3,148 | -€788 | -20.0% |
| Other operating charges | 640/8 | €716 | €786 | +€70 | +9.8% |
| Gross operating margin | 9900 | €239,834 | €383,395 | +€143,561 | +59.9% |
| Operating profit (loss) | 9901 | €235,183 | €379,461 | +€144,278 | +61.3% |
| Financial income | 75/76B | €476 | €470 | -€7 | -1.4% |
| Recurring financial income | 75 | €476 | €470 | -€7 | -1.4% |
| Financial charges | 65/66B | €93 | €75 | -€18 | -19.6% |
| Recurring financial charges | 65 | €93 | €75 | -€18 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €235,567 | €379,856 | +€144,290 | +61.3% |
| Income taxes | 67/77 | €71,859 | €92,043 | +€20,184 | +28.1% |
| Profit (loss) for the period | 9904 | €163,707 | €287,813 | +€124,106 | +75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €163,707 | €287,813 | +€124,106 | +75.8% |
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 2 October 2026 via checked.be.