ASTRELO: 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.
ASTRELO
Largest movements
- Cash -€213,735
down €213,735 (-66.5%), from €321,401 to €107,666
mainly Other debts (-€243,596) and Receivables within one year (-€47,979)
- Receivables within one year +€47,979
up €47,979 (+177.2%), from €27,070 to €75,049
of which Trade receivables: +€42,955
- Tangible fixed assets +€22,727
up €22,727 (+317.7%), from €7,154 to €29,881
of which Furniture and vehicles: +€24,873
- Other debts -€243,596
no longer reported in 2025 (was €243,596)
- Reserves +€100,000
up €100,000 (+103.2%), from €96,900 to €196,900
- Gross operating margin +€6,654
up €6,654 (+5.0%), from €131,967 to €138,621
- Taxes +€2,325
up €2,325 (+8.5%), from €27,516 to €29,842
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 | €356,625 | €212,596 | -€144,029 | -40.4% |
| Fixed assets | 21/28 | €7,154 | €29,881 | +€22,727 | +317.7% |
| Tangible fixed assets | 22/27 | €7,154 | €29,881 | +€22,727 | +317.7% |
| Land and buildings | 22 | €2,855 | €1,815 | -€1,040 | -36.4% |
| Plant, machinery and equipment | 23 | €4,299 | €3,193 | -€1,106 | -25.7% |
| Furniture and vehicles | 24 | - | €24,873 | +€24,873 | |
| Current assets | 29/58 | €349,471 | €182,714 | -€166,756 | -47.7% |
| Amounts receivable after more than one year | 29 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 291 | €1,000 | - | -€1,000 | |
| Amounts receivable within one year | 40/41 | €27,070 | €75,049 | +€47,979 | +177.2% |
| Trade receivables | 40 | €20,570 | €63,525 | +€42,955 | +208.8% |
| Other amounts receivable | 41 | €6,500 | €11,524 | +€5,024 | +77.3% |
| Cash at bank and in hand | 54/58 | €321,401 | €107,666 | -€213,735 | -66.5% |
| Total equity and liabilities | 10/49 | €356,625 | €212,596 | -€144,029 | -40.4% |
| Equity | 10/15 | €98,495 | €198,504 | +€100,009 | +101.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €96,900 | €196,900 | +€100,000 | +103.2% |
| Distributable reserves | 133 | €96,900 | €196,900 | +€100,000 | +103.2% |
| Profit (loss) carried forward | 14 | €95 | €104 | +€9 | +8.9% |
| Amounts payable | 17/49 | €258,129 | €14,092 | -€244,037 | -94.5% |
| Amounts payable within one year | 42/48 | €258,129 | €14,092 | -€244,037 | -94.5% |
| Trade debts | 44 | €1,047 | €395 | -€652 | -62.3% |
| Suppliers | 440/4 | €1,047 | €395 | -€652 | -62.3% |
| Taxes, remuneration and social security | 45 | €13,487 | €13,697 | +€210 | +1.6% |
| Taxes | 450/3 | €13,487 | €13,697 | +€210 | +1.6% |
| Other amounts payable | 47/48 | €243,596 | - | -€243,596 | |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,320 | €6,390 | +€70 | +1.1% |
| Other operating charges | 640/8 | €1,481 | €2,279 | +€798 | +53.9% |
| Gross operating margin | 9900 | €131,967 | €138,621 | +€6,654 | +5.0% |
| Operating profit (loss) | 9901 | €124,166 | €129,952 | +€5,786 | +4.7% |
| Financial charges | 65/66B | €105 | €102 | -€4 | -3.6% |
| Recurring financial charges | 65 | €105 | €102 | -€4 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €124,061 | €129,850 | +€5,789 | +4.7% |
| Income taxes | 67/77 | €27,516 | €29,842 | +€2,325 | +8.5% |
| Profit (loss) for the period | 9904 | €96,544 | €100,009 | +€3,464 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,544 | €100,009 | +€3,464 | +3.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.