ASTRAN: 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.
What changed
ASTRAN
NACE 68.121, Development of residential building projects
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€54,419
2024 · -€24,848-€29,571
Equity
€1.1m
2024 · €1.2m-€54,419
Cash
€9,212
2024 · €16,762-€7,551
Balance sheet total
€2.4m
2024 · €2.0m+€422,325
Largest movements
Assets
- Tangible fixed assets +€431,260
up €431,260 (+21.5%), from €2.0m to €2.4m
Equity and liabilities
- Other debts +€479,327
up €479,327 (+367.2%), from €130,528 to €609,855
- Reserves -€41,602
down €41,602 (-4.0%), from €1.1m to €1.0m
Income statement
- Gross operating margin -€27,974
down €27,974 (-38.8%), from €72,186 to €44,212
- Depreciation +€8,799
up €8,799 (+11.9%), from €73,890 to €82,689
- Financial charges -€7,043
down €7,043 (-33.0%), from €21,362 to €14,320
- Taxes -€1,597
down €1,597 (-80.2%), from €1,992 to €395
- Other operating charges +€1,438
up €1,438 (+10.5%), from €13,657 to €15,095
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.
Result 2024
-€24,848
Gross operating margin
-€27,974
Depreciation
-€8,799
Other operating charges
-€1,438
Financial income
+€0
Financial charges
+€7,043
Taxes
+€1,597
Result 2025
-€54,419
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.
From operations
+€514,148
Investment
-€513,948
Financing
-€7,751
Cash 2024
€16,762
From operations (derived)
+€514,148
Net result for the year
-€54,419
Depreciation
+€82,689
Receivables within one year
+€1,550
Deferred charges and accrued income
-€166
Provisions
-€13,867
Trade debts
+€22,329
Tax, wage and social debts
-€3,293
Other debts
+€479,327
Investment (derived)
-€513,948
Investment in fixed assets (net)
-€513,948
Financing
-€7,751
Debts after one year
-€13,173
Current portion of long-term debt
+€222
Short-term financial debts
+€5,200
Cash 2025
€9,212
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,025,454 | €2,447,779 | +€422,325 | +20.9% |
| Fixed assets | 21/28 | €2,007,142 | €2,438,401 | +€431,260 | +21.5% |
| Tangible fixed assets | 22/27 | €2,007,142 | €2,438,401 | +€431,260 | +21.5% |
| Land and buildings | 22 | €2,007,142 | €2,438,401 | +€431,260 | +21.5% |
| Current assets | 29/58 | €18,312 | €9,378 | -€8,934 | -48.8% |
| Amounts receivable within one year | 40/41 | €1,550 | €0 | -€1,550 | -100.0% |
| Trade receivables | 40 | €816 | €0 | -€816 | -100.0% |
| Other amounts receivable | 41 | €734 | €0 | -€734 | -100.0% |
| Cash at bank and in hand | 54/58 | €16,762 | €9,212 | -€7,551 | -45.0% |
| Deferred charges and accrued income | 490/1 | - | €166 | +€166 | |
| Total equity and liabilities | 10/49 | €2,025,454 | €2,447,779 | +€422,325 | +20.9% |
| Equity | 10/15 | €1,201,005 | €1,146,586 | -€54,419 | -4.5% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Contributions outside capital | 11 | €240,000 | - | -€240,000 | |
| Other | 1109/19 | €240,000 | - | -€240,000 | |
| Reserves | 13 | €1,052,796 | €1,011,194 | -€41,602 | -4.0% |
| Tax-exempt reserves | 132 | €1,052,796 | €1,011,194 | -€41,602 | -4.0% |
| Profit (loss) carried forward | 14 | -€91,791 | -€104,608 | -€12,817 | -14.0% |
| Provisions and deferred taxes | 16 | €350,932 | €337,064 | -€13,867 | -4.0% |
| Deferred taxes | 168 | €350,932 | €337,064 | -€13,867 | -4.0% |
| Amounts payable | 17/49 | €473,517 | €964,129 | +€490,611 | +103.6% |
| Amounts payable after more than one year | 17 | €180,502 | €167,329 | -€13,173 | -7.3% |
| Financial debts | 170/4 | €180,502 | €167,329 | -€13,173 | -7.3% |
| Amounts payable within one year | 42/48 | €293,015 | €796,800 | +€503,784 | +171.9% |
| Current portion of amounts payable after more than one year | 42 | €17,752 | €17,974 | +€222 | +1.3% |
| Financial debts | 43 | €135,761 | €140,961 | +€5,200 | +3.8% |
| Other loans | 439 | €135,761 | €140,961 | +€5,200 | +3.8% |
| Trade debts | 44 | €274 | €22,603 | +€22,329 | +8143.2% |
| Suppliers | 440/4 | €274 | €22,603 | +€22,329 | +8143.2% |
| Taxes, remuneration and social security | 45 | €8,701 | €5,407 | -€3,293 | -37.9% |
| Taxes | 450/3 | €5,616 | €5,407 | -€209 | -3.7% |
| Remuneration and social security | 454/9 | €3,085 | €0 | -€3,085 | -100.0% |
| Other amounts payable | 47/48 | €130,528 | €609,855 | +€479,327 | +367.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,890 | €82,689 | +€8,799 | +11.9% |
| Other operating charges | 640/8 | €13,657 | €15,095 | +€1,438 | +10.5% |
| Gross operating margin | 9900 | €72,186 | €44,212 | -€27,974 | -38.8% |
| Operating profit (loss) | 9901 | -€15,360 | -€53,571 | -€38,211 | -248.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €21,362 | €14,320 | -€7,043 | -33.0% |
| Recurring financial charges | 65 | €21,362 | €14,320 | -€7,043 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€36,723 | -€67,891 | -€31,168 | -84.9% |
| Transfer from deferred taxes | 780 | €13,867 | €13,867 | = | 0.0% |
| Income taxes | 67/77 | €1,992 | €395 | -€1,597 | -80.2% |
| Profit (loss) for the period | 9904 | -€24,848 | -€54,419 | -€29,571 | -119.0% |
| Transfer from tax-exempt reserves | 789 | €41,602 | €41,602 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,754 | -€12,817 | -€29,571 |
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 11 October 2026 via checked.be.