ASTRATEC: 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.
ASTRATEC
Largest movements
- Stocks and contracts +€92,323
up €92,323 (+116.2%), from €79,444 to €171,767
of which Contracts in progress: +€88,750
- Cash +€68,892
up €68,892 (+53.5%), from €128,778 to €197,671
mainly Depreciation (+€69,535) and Receivables within one year (+€68,787)
- Receivables within one year -€68,787
down €68,787 (-35.6%), from €193,035 to €124,248
of which Trade receivables: -€49,147
- Reserves +€39,293
up €39,293 (+12.1%), from €324,579 to €363,871
of which Distributable reserves: +€39,293
- Trade debts +€35,511
up €35,511 (+47.6%), from €74,561 to €110,072
- Tax, wage and social debts +€27,837
up €27,837 (+36.7%), from €75,887 to €103,723
of which Taxes: +€22,469
- Accrued charges and deferred income -€23,236
down €23,236 (-24.5%), from €94,736 to €71,500
- Current portion of long-term debt +€17,966
up €17,966 (+70.0%), from €25,670 to €43,637
- Gross operating margin +€122,519
up €122,519 (+23.3%), from €526,324 to €648,842
- Staff costs +€86,209
up €86,209 (+20.5%), from €420,094 to €506,303
- Depreciation +€21,547
up €21,547 (+44.9%), from €47,987 to €69,535
- Financial income -€11,252
down €11,252 (-99.7%), from €11,290 to €38
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 | €716,913 | €806,209 | +€89,296 | +12.5% |
| Fixed assets | 21/28 | €309,936 | €306,702 | -€3,234 | -1.0% |
| Tangible fixed assets | 22/27 | €309,726 | €306,492 | -€3,234 | -1.0% |
| Land and buildings | 22 | €186,644 | €176,348 | -€10,296 | -5.5% |
| Plant, machinery and equipment | 23 | €59,485 | €76,818 | +€17,334 | +29.1% |
| Furniture and vehicles | 24 | €63,597 | €53,325 | -€10,271 | -16.2% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €406,977 | €499,507 | +€92,530 | +22.7% |
| Stocks and contracts in progress | 3 | €79,444 | €171,767 | +€92,323 | +116.2% |
| Stocks | 30/36 | €61,454 | €65,027 | +€3,573 | +5.8% |
| Contracts in progress | 37 | €17,990 | €106,740 | +€88,750 | +493.3% |
| Amounts receivable within one year | 40/41 | €193,035 | €124,248 | -€68,787 | -35.6% |
| Trade receivables | 40 | €173,395 | €124,248 | -€49,147 | -28.3% |
| Other amounts receivable | 41 | €19,640 | - | -€19,640 | |
| Cash at bank and in hand | 54/58 | €128,778 | €197,671 | +€68,892 | +53.5% |
| Deferred charges and accrued income | 490/1 | €5,720 | €5,822 | +€101 | +1.8% |
| Total equity and liabilities | 10/49 | €716,913 | €806,209 | +€89,296 | +12.5% |
| Equity | 10/15 | €330,779 | €370,071 | +€39,293 | +11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €324,579 | €363,871 | +€39,293 | +12.1% |
| Tax-exempt reserves | 132 | €9,207 | €9,207 | = | 0.0% |
| Distributable reserves | 133 | €315,372 | €354,664 | +€39,293 | +12.5% |
| Amounts payable | 17/49 | €386,135 | €436,138 | +€50,003 | +12.9% |
| Amounts payable after more than one year | 17 | €65,954 | €53,662 | -€12,292 | -18.6% |
| Financial debts | 170/4 | €65,954 | €53,662 | -€12,292 | -18.6% |
| Amounts payable within one year | 42/48 | €225,445 | €310,976 | +€85,532 | +37.9% |
| Current portion of amounts payable after more than one year | 42 | €25,670 | €43,637 | +€17,966 | +70.0% |
| Trade debts | 44 | €74,561 | €110,072 | +€35,511 | +47.6% |
| Suppliers | 440/4 | €74,561 | €110,072 | +€35,511 | +47.6% |
| Taxes, remuneration and social security | 45 | €75,887 | €103,723 | +€27,837 | +36.7% |
| Taxes | 450/3 | €25,880 | €48,349 | +€22,469 | +86.8% |
| Remuneration and social security | 454/9 | €50,007 | €55,374 | +€5,367 | +10.7% |
| Other amounts payable | 47/48 | €49,327 | €53,545 | +€4,218 | +8.6% |
| Accrued charges and deferred income | 492/3 | €94,736 | €71,500 | -€23,236 | -24.5% |
| Remuneration, social security and pensions | 62 | €420,094 | €506,303 | +€86,209 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,987 | €69,535 | +€21,547 | +44.9% |
| Other operating charges | 640/8 | €10,321 | €9,441 | -€879 | -8.5% |
| Gross operating margin | 9900 | €526,324 | €648,842 | +€122,519 | +23.3% |
| Operating profit (loss) | 9901 | €47,922 | €63,563 | +€15,641 | +32.6% |
| Financial income | 75/76B | €11,290 | €38 | -€11,252 | -99.7% |
| Recurring financial income | 75 | €11,290 | €38 | -€11,252 | -99.7% |
| Financial charges | 65/66B | €5,635 | €9,271 | +€3,636 | +64.5% |
| Recurring financial charges | 65 | €5,635 | €9,271 | +€3,636 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €53,577 | €54,330 | +€753 | +1.4% |
| Income taxes | 67/77 | €20,360 | €15,037 | -€5,323 | -26.1% |
| Profit (loss) for the period | 9904 | €33,216 | €39,293 | +€6,076 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,216 | €39,293 | +€6,076 | +18.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.