Astrid Avenue: what changed
What changed
Astrid Avenue
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€23,765
2024 · €661,762-€685,527
Equity
€661,218
2024 · €684,983-€23,765
Cash
€20,414
2024 · €205,071-€184,657
Balance sheet total
€1.4m
2024 · €1.5m-€93,579
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+306%), from €344,708 to €1.4m
of which Land and buildings: +€1.0m
- Receivables within one year -€943,556
down €943,556 (-99.9%), from €944,038 to €482
- Cash -€184,657
down €184,657 (-90.0%), from €205,071 to €20,414
mainly Investment in fixed assets (net) (-€1.1m) and Provisions (-€45,447)
- Receivables after one year -€28,156
down €28,156 (-100%), from €28,156 to €0
Equity and liabilities
- Provisions -€45,447
down €45,447 (-16.5%), from €275,093 to €229,646
of which Provisions for liabilities and charges: -€38,500
- Debts after one year -€42,622
down €42,622 (-8.9%), from €478,628 to €436,006
of which Financial debts: -€48,570
- Reserves -€23,765
down €23,765 (-3.7%), from €634,983 to €611,218
of which Tax-exempt reserves: -€20,842
- Trade debts -€22,195
down €22,195 (-63.8%), from €34,763 to €12,568
- Current portion of long-term debt +€18,118
up €18,118 (+96.9%), from €18,701 to €36,819
Income statement
- Gross operating margin -€1.1m
down €1.1m (-94.1%), from €1.1m to €67,111
- Depreciation +€48,860
up €48,860 (+606%), from €8,057 to €56,916
- Provisions -€38,500
new in 2025: -€38,500
- Taxes -€28,030
down €28,030 (-99.8%), from €28,086 to €57
- Financial charges +€14,984
up €14,984 (+298%), from €5,028 to €20,012
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€661,762
Gross operating margin
-€1.1m
Depreciation
-€48,860
Provisions
+€38,500
Other operating charges
-€6,279
Other operating items
+€198,610
Financial income
+€3,789
Financial charges
-€14,984
Taxes
+€28,030
Deferred taxes and other
+€193,541
Result 2025
-€23,765
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€950,554
Investment
-€1.1m
Financing
-€24,504
Cash 2024
€205,071
From operations (derived)
+€950,554
Net result for the year
-€23,765
Depreciation
+€56,916
Receivables after one year
+€28,156
Receivables within one year
+€943,556
Deferred charges and accrued income
-€9,000
Provisions
-€45,447
Trade debts
-€22,195
Tax, wage and social debts
+€13,996
Accrued charges and deferred income
+€8,336
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€24,504
Debts after one year
-€42,622
Current portion of long-term debt
+€18,118
Cash 2025
€20,414
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,521,974 | €1,428,395 | -€93,579 | -6.1% |
| Fixed assets | 21/28 | €344,708 | €1,398,499 | +€1.1m | +306% |
| Tangible fixed assets | 22/27 | €344,708 | €1,398,499 | +€1.1m | +306% |
| Land and buildings | 22 | €344,708 | €1,391,239 | +€1.0m | +304% |
| Assets under construction and advance payments | 27 | - | €7,260 | +€7,260 | |
| Current assets | 29/58 | €1,177,266 | €29,896 | -€1.1m | -97.5% |
| Amounts receivable after more than one year | 29 | €28,156 | €0 | -€28,156 | -100% |
| Other amounts receivable | 291 | €28,156 | €0 | -€28,156 | -100% |
| Amounts receivable within one year | 40/41 | €944,038 | €482 | -€943,556 | -99.9% |
| Other amounts receivable | 41 | €944,038 | €482 | -€943,556 | -99.9% |
| Cash at bank and in hand | 54/58 | €205,071 | €20,414 | -€184,657 | -90.0% |
| Deferred charges and accrued income | 490/1 | €0 | €9,000 | +€9,000 | |
| Total equity and liabilities | 10/49 | €1,521,974 | €1,428,395 | -€93,579 | -6.1% |
| Equity | 10/15 | €684,983 | €661,218 | -€23,765 | -3.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €634,983 | €611,218 | -€23,765 | -3.7% |
| Tax-exempt reserves | 132 | €559,780 | €538,938 | -€20,842 | -3.7% |
| Distributable reserves | 133 | €75,203 | €72,280 | -€2,923 | -3.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €275,093 | €229,646 | -€45,447 | -16.5% |
| Provisions for liabilities and charges | 160/5 | €88,500 | €50,000 | -€38,500 | -43.5% |
| Environmental obligations | 163 | €88,500 | €50,000 | -€38,500 | -43.5% |
| Deferred taxes | 168 | €186,593 | €179,646 | -€6,947 | -3.7% |
| Amounts payable | 17/49 | €561,898 | €537,531 | -€24,367 | -4.3% |
| Amounts payable after more than one year | 17 | €478,628 | €436,006 | -€42,622 | -8.9% |
| Financial debts | 170/4 | €313,423 | €264,853 | -€48,570 | -15.5% |
| Other amounts payable | 178/9 | €165,205 | €171,152 | +€5,947 | +3.6% |
| Amounts payable within one year | 42/48 | €82,205 | €92,124 | +€9,920 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €18,701 | €36,819 | +€18,118 | +96.9% |
| Trade debts | 44 | €34,763 | €12,568 | -€22,195 | -63.8% |
| Suppliers | 440/4 | €34,763 | €12,568 | -€22,195 | -63.8% |
| Taxes, remuneration and social security | 45 | €28,740 | €42,737 | +€13,996 | +48.7% |
| Taxes | 450/3 | €28,740 | €42,737 | +€13,996 | +48.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,065 | €9,401 | +€8,336 | +783% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,057 | €56,916 | +€48,860 | +606% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€38,500 | -€38,500 | |
| Other operating charges | 640/8 | €5,406 | €11,685 | +€6,279 | +116% |
| Non-recurring operating charges | 66A | €252,144 | €53,534 | -€198,610 | -78.8% |
| Gross operating margin | 9900 | €1,144,986 | €67,111 | -€1.1m | -94.1% |
| Operating profit (loss) | 9901 | €879,380 | -€16,524 | -€895,903 | |
| Financial income | 75/76B | €2,090 | €5,880 | +€3,789 | +181% |
| Recurring financial income | 75 | €2,090 | €5,880 | +€3,789 | +181% |
| Financial charges | 65/66B | €5,028 | €20,012 | +€14,984 | +298% |
| Recurring financial charges | 65 | €5,028 | €20,012 | +€14,984 | +298% |
| Profit (loss) for the period before taxes | 9903 | €876,442 | -€30,656 | -€907,098 | |
| Transfer from deferred taxes | 780 | - | €6,947 | +€6,947 | |
| Transfer to deferred taxes | 680 | €186,593 | €0 | -€186,593 | -100% |
| Income taxes | 67/77 | €28,086 | €57 | -€28,030 | -99.8% |
| Profit (loss) for the period | 9904 | €661,762 | -€23,765 | -€685,527 | |
| Transfer from tax-exempt reserves | 789 | - | €20,842 | +€20,842 | |
| Transfer to tax-exempt reserves | 689 | €559,780 | €0 | -€559,780 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €101,983 | -€2,923 | -€104,905 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.