ASTREE: 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.
ASTREE
Largest movements
- Current investments +€35,000
new in 2025: €35,000
- Receivables within one year +€34,089
up €34,089 (+29.7%), from €114,632 to €148,721
- Cash +€25,163
up €25,163 (+15.0%), from €168,200 to €193,363
mainly Net result for the year (+€155,406) and Depreciation (+€23,986)
- Intangible fixed assets -€14,000
down €14,000 (-12.3%), from €114,269 to €100,269
- Tangible fixed assets -€9,165
down €9,165 (-29.7%), from €30,867 to €21,702
of which Furniture and vehicles: -€8,500
- Reserves +€155,000
up €155,000 (+75.6%), from €205,000 to €360,000
- Other debts -€71,270
down €71,270 (-47.8%), from €149,158 to €77,887
- Tax, wage and social debts -€13,610
down €13,610 (-27.1%), from €50,175 to €36,565
- Debts after one year -€5,258
down €5,258 (-44.0%), from €11,945 to €6,686
- Gross operating margin +€13,494
up €13,494 (+6.6%), from €205,739 to €219,233
- Taxes -€6,058
down €6,058 (-13.2%), from €45,765 to €39,707
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 | €433,063 | €502,872 | +€69,809 | +16.1% |
| Fixed assets | 21/28 | €145,136 | €121,972 | -€23,165 | -16.0% |
| Intangible fixed assets | 21 | €114,269 | €100,269 | -€14,000 | -12.3% |
| Tangible fixed assets | 22/27 | €30,867 | €21,702 | -€9,165 | -29.7% |
| Plant, machinery and equipment | 23 | €1,219 | €555 | -€664 | -54.5% |
| Furniture and vehicles | 24 | €29,647 | €21,147 | -€8,500 | -28.7% |
| Current assets | 29/58 | €287,927 | €380,901 | +€92,974 | +32.3% |
| Amounts receivable within one year | 40/41 | €114,632 | €148,721 | +€34,089 | +29.7% |
| Trade receivables | 40 | €114,632 | €148,721 | +€34,089 | +29.7% |
| Current investments | 50/53 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €168,200 | €193,363 | +€25,163 | +15.0% |
| Deferred charges and accrued income | 490/1 | €5,096 | €3,817 | -€1,279 | -25.1% |
| Total equity and liabilities | 10/49 | €433,063 | €502,872 | +€69,809 | +16.1% |
| Equity | 10/15 | €210,101 | €365,507 | +€155,406 | +74.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €205,000 | €360,000 | +€155,000 | +75.6% |
| Distributable reserves | 133 | €205,000 | €360,000 | +€155,000 | +75.6% |
| Profit (loss) carried forward | 14 | €101 | €507 | +€406 | +400.0% |
| Amounts payable | 17/49 | €222,962 | €137,365 | -€85,597 | -38.4% |
| Amounts payable after more than one year | 17 | €11,945 | €6,686 | -€5,258 | -44.0% |
| Financial debts | 170/4 | €11,945 | €6,686 | -€5,258 | -44.0% |
| Amounts payable within one year | 42/48 | €211,017 | €130,679 | -€80,338 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €5,179 | €5,258 | +€79 | +1.5% |
| Trade debts | 44 | €6,505 | €10,968 | +€4,463 | +68.6% |
| Suppliers | 440/4 | €6,505 | €10,968 | +€4,463 | +68.6% |
| Taxes, remuneration and social security | 45 | €50,175 | €36,565 | -€13,610 | -27.1% |
| Taxes | 450/3 | €50,175 | €36,565 | -€13,610 | -27.1% |
| Other amounts payable | 47/48 | €149,158 | €77,887 | -€71,270 | -47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,659 | €23,986 | +€327 | +1.4% |
| Other operating charges | 640/8 | €669 | €808 | +€139 | +20.8% |
| Gross operating margin | 9900 | €205,739 | €219,233 | +€13,494 | +6.6% |
| Operating profit (loss) | 9901 | €181,411 | €194,439 | +€13,028 | +7.2% |
| Financial income | 75/76B | €359 | €1,070 | +€711 | +197.9% |
| Recurring financial income | 75 | €359 | €1,070 | +€711 | +197.9% |
| Financial charges | 65/66B | €456 | €396 | -€61 | -13.3% |
| Recurring financial charges | 65 | €456 | €396 | -€61 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €181,314 | €195,113 | +€13,799 | +7.6% |
| Income taxes | 67/77 | €45,765 | €39,707 | -€6,058 | -13.2% |
| Profit (loss) for the period | 9904 | €135,548 | €155,406 | +€19,857 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €135,548 | €155,406 | +€19,857 | +14.6% |
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 12 October 2026 via checked.be.