ASTRELIS: 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.
ASTRELIS
Largest movements
- Cash +€211,696
up €211,696 (+145.2%), from €145,774 to €357,470
mainly Net result for the year (+€183,479) and Tax, wage and social debts (+€49,810)
- Receivables within one year -€42,155
down €42,155 (-6.8%), from €622,489 to €580,334
of which Trade receivables: -€52,498
- Reserves +€61,528
up €61,528 (+43.6%), from €141,133 to €202,661
- Tax, wage and social debts +€49,810
up €49,810 (+143.3%), from €34,750 to €84,561
- Other debts +€39,156
up €39,156 (+27.0%), from €145,250 to €184,405
- Trade debts +€34,744
up €34,744 (+9.3%), from €372,362 to €407,106
- Debts after one year -€20,408
down €20,408 (-41.7%), from €48,935 to €28,526
- Gross operating margin +€175,976
up €175,976 (+214.0%), from €82,233 to €258,209
- Taxes +€52,976
up €52,976 (+336.6%), from €15,740 to €68,717
- Financial charges -€9,877
down €9,877 (-69.9%), from €14,138 to €4,261
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 | €772,074 | €939,669 | +€167,595 | +21.7% |
| Fixed assets | 21/28 | €2,508 | €1,393 | -€1,115 | -44.5% |
| Tangible fixed assets | 22/27 | €2,454 | €1,339 | -€1,115 | -45.4% |
| Furniture and vehicles | 24 | €2,454 | €1,339 | -€1,115 | -45.4% |
| Financial fixed assets | 28 | €54 | €54 | = | 0.0% |
| Current assets | 29/58 | €769,566 | €938,276 | +€168,710 | +21.9% |
| Amounts receivable within one year | 40/41 | €622,489 | €580,334 | -€42,155 | -6.8% |
| Trade receivables | 40 | €586,387 | €533,889 | -€52,498 | -9.0% |
| Other amounts receivable | 41 | €36,102 | €46,445 | +€10,344 | +28.7% |
| Cash at bank and in hand | 54/58 | €145,774 | €357,470 | +€211,696 | +145.2% |
| Deferred charges and accrued income | 490/1 | €1,303 | €471 | -€831 | -63.8% |
| Total equity and liabilities | 10/49 | €772,074 | €939,669 | +€167,595 | +21.7% |
| Equity | 10/15 | €151,133 | €212,661 | +€61,528 | +40.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €141,133 | €202,661 | +€61,528 | +43.6% |
| Distributable reserves | 133 | €141,133 | €202,661 | +€61,528 | +43.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €620,941 | €727,007 | +€106,067 | +17.1% |
| Amounts payable after more than one year | 17 | €48,935 | €28,526 | -€20,408 | -41.7% |
| Financial debts | 170/4 | €48,935 | €28,526 | -€20,408 | -41.7% |
| Amounts payable within one year | 42/48 | €572,006 | €696,481 | +€124,475 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €19,644 | €20,408 | +€765 | +3.9% |
| Trade debts | 44 | €372,362 | €407,106 | +€34,744 | +9.3% |
| Suppliers | 440/4 | €372,362 | €407,106 | +€34,744 | +9.3% |
| Taxes, remuneration and social security | 45 | €34,750 | €84,561 | +€49,810 | +143.3% |
| Taxes | 450/3 | €34,750 | €84,561 | +€49,810 | +143.3% |
| Other amounts payable | 47/48 | €145,250 | €184,405 | +€39,156 | +27.0% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Non-recurring operating income | 76A | €1,461 | €0 | -€1,461 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,117 | €1,115 | -€2 | -0.2% |
| Other operating charges | 640/8 | €1,198 | €661 | -€538 | -44.9% |
| Gross operating margin | 9900 | €82,233 | €258,209 | +€175,976 | +214.0% |
| Operating profit (loss) | 9901 | €79,918 | €256,433 | +€176,515 | +220.9% |
| Financial income | 75/76B | €154 | €24 | -€129 | -84.1% |
| Recurring financial income | 75 | €154 | €24 | -€129 | -84.1% |
| Financial charges | 65/66B | €14,138 | €4,261 | -€9,877 | -69.9% |
| Recurring financial charges | 65 | €14,138 | €4,261 | -€9,877 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €65,933 | €252,196 | +€186,263 | +282.5% |
| Income taxes | 67/77 | €15,740 | €68,717 | +€52,976 | +336.6% |
| Profit (loss) for the period | 9904 | €50,192 | €183,479 | +€133,287 | +265.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,192 | €183,479 | +€133,287 | +265.6% |
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 9 October 2026 via checked.be.