ASTRAELIS: 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.
ASTRAELIS
Largest movements
- Intangible fixed assets +€443,760
new in 2025: €443,760
- Financial fixed assets -€320,051
down €320,051 (-48.4%), from €660,953 to €340,902
- Current investments +€118,272
up €118,272 (+1,836%), from €6,441 to €124,713
- Tangible fixed assets +€108,567
up €108,567 (+30.6%), from €354,863 to €463,430
- Receivables within one year +€64,207
up €64,207 (+69,669%), from €92 to €64,299
of which Trade receivables: +€61,786
- Debts after one year +€331,479
up €331,479 (+187%), from €176,875 to €508,354
- Other debts +€184,627
up €184,627 (+25.6%), from €720,294 to €904,921
- Profit (loss) carried forward -€56,401
down €56,401 (-6,123%), from -€921 to -€57,322
- Current portion of long-term debt +€18,886
up €18,886 (+144%), from €13,111 to €31,997
- Depreciation +€63,219
up €63,219 (+307%), from €20,623 to €83,842
- Financial income +€9,360
up €9,360 (+4,684%), from €200 to €9,560
- Gross operating margin +€3,156
up €3,156 (+11.8%), from €26,641 to €29,797
- Financial charges +€2,101
up €2,101 (+33.8%), from €6,219 to €8,319
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 | €1,032,457 | €1,514,729 | +€482,271 | +46.7% |
| Fixed assets | 21/28 | €1,015,816 | €1,248,092 | +€232,275 | +22.9% |
| Intangible fixed assets | 21 | - | €443,760 | +€443,760 | |
| Tangible fixed assets | 22/27 | €354,863 | €463,430 | +€108,567 | +30.6% |
| Land and buildings | 22 | €354,863 | €463,430 | +€108,567 | +30.6% |
| Financial fixed assets | 28 | €660,953 | €340,902 | -€320,051 | -48.4% |
| Current assets | 29/58 | €16,641 | €266,637 | +€249,996 | +1,502% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €92 | €64,299 | +€64,207 | +69,669% |
| Trade receivables | 40 | - | €61,786 | +€61,786 | |
| Other amounts receivable | 41 | €92 | €2,513 | +€2,421 | +2,627% |
| Current investments | 50/53 | €6,441 | €124,713 | +€118,272 | +1,836% |
| Cash at bank and in hand | 54/58 | €8,148 | €51,208 | +€43,060 | +528% |
| Deferred charges and accrued income | 490/1 | €1,960 | €1,418 | -€543 | -27.7% |
| Total equity and liabilities | 10/49 | €1,032,457 | €1,514,729 | +€482,271 | +46.7% |
| Equity | 10/15 | €119,158 | €62,758 | -€56,401 | -47.3% |
| Contributions | 10/11 | €120,079 | €120,079 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€921 | -€57,322 | -€56,401 | -6,123% |
| Amounts payable | 17/49 | €913,299 | €1,451,971 | +€538,672 | +59.0% |
| Amounts payable after more than one year | 17 | €176,875 | €508,354 | +€331,479 | +187% |
| Financial debts | 170/4 | €176,875 | €508,354 | +€331,479 | +187% |
| Amounts payable within one year | 42/48 | €734,924 | €937,179 | +€202,256 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €13,111 | €31,997 | +€18,886 | +144% |
| Trade debts | 44 | €1,518 | €261 | -€1,258 | -82.8% |
| Suppliers | 440/4 | €1,518 | €261 | -€1,258 | -82.8% |
| Other amounts payable | 47/48 | €720,294 | €904,921 | +€184,627 | +25.6% |
| Accrued charges and deferred income | 492/3 | €1,500 | €6,438 | +€4,938 | +329% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,623 | €83,842 | +€63,219 | +307% |
| Other operating charges | 640/8 | €3,379 | €3,596 | +€218 | +6.4% |
| Gross operating margin | 9900 | €26,641 | €29,797 | +€3,156 | +11.8% |
| Operating profit (loss) | 9901 | €2,639 | -€57,641 | -€60,280 | |
| Financial income | 75/76B | €200 | €9,560 | +€9,360 | +4,684% |
| Recurring financial income | 75 | €200 | €9,560 | +€9,360 | +4,684% |
| Financial charges | 65/66B | €6,219 | €8,319 | +€2,101 | +33.8% |
| Recurring financial charges | 65 | €6,219 | €8,319 | +€2,101 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,380 | -€56,401 | -€53,021 | -1,569% |
| Profit (loss) for the period | 9904 | -€3,380 | -€56,401 | -€53,021 | -1,569% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,380 | -€56,401 | -€53,021 | -1,569% |
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 16 October 2026 via checked.be.