ASTRONEF: 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.
ASTRONEF
Largest movements
- Current investments +€38,738
up €38,738 (+47.8%), from €81,115 to €119,853
- Cash +€25,477
up €25,477 (+25.3%), from €100,837 to €126,314
mainly Net result for the year (+€54,756) and Depreciation (+€31,414)
- Deferred charges and accrued income +€16,212
new in 2025: €16,212
- Tangible fixed assets -€15,929
down €15,929 (-5.9%), from €271,000 to €255,071
- Receivables within one year -€15,655
down €15,655 (-42.8%), from €36,559 to €20,904
of which Trade receivables: -€9,443
- Reserves +€221,375
up €221,375 (+68.3%), from €324,163 to €545,538
of which Distributable reserves: +€167,375
- Profit (loss) carried forward -€166,619
no longer reported in 2025 (was €166,619)
- Current portion of long-term debt -€8,074
down €8,074 (-83.3%), from €9,696 to €1,622
- Gross operating margin -€6,169
down €6,169 (-5.2%), from €119,690 to €113,521
- Depreciation +€4,090
up €4,090 (+15.0%), from €27,324 to €31,414
- Financial charges -€3,141
down €3,141 (-73.8%), from €4,259 to €1,118
- Taxes -€2,401
down €2,401 (-9.4%), from €25,431 to €23,030
- Financial income -€2,010
down €2,010 (-63.7%), from €3,158 to €1,148
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.
Derived cash bridge
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 | €590,132 | €631,487 | +€41,355 | +7.0% |
| Fixed assets | 21/28 | €371,621 | €348,204 | -€23,417 | -6.3% |
| Tangible fixed assets | 22/27 | €271,000 | €255,071 | -€15,929 | -5.9% |
| Land and buildings | 22 | €251,748 | €244,140 | -€7,608 | -3.0% |
| Plant, machinery and equipment | 23 | €1,135 | €447 | -€688 | -60.6% |
| Furniture and vehicles | 24 | €18,117 | €10,484 | -€7,633 | -42.1% |
| Financial fixed assets | 28 | €100,621 | €93,134 | -€7,487 | -7.4% |
| Current assets | 29/58 | €218,511 | €283,283 | +€64,772 | +29.6% |
| Amounts receivable within one year | 40/41 | €36,559 | €20,904 | -€15,655 | -42.8% |
| Trade receivables | 40 | €30,347 | €20,904 | -€9,443 | -31.1% |
| Other amounts receivable | 41 | €6,212 | - | -€6,212 | |
| Current investments | 50/53 | €81,115 | €119,853 | +€38,738 | +47.8% |
| Cash at bank and in hand | 54/58 | €100,837 | €126,314 | +€25,477 | +25.3% |
| Deferred charges and accrued income | 490/1 | - | €16,212 | +€16,212 | |
| Total equity and liabilities | 10/49 | €590,132 | €631,487 | +€41,355 | +7.0% |
| Equity | 10/15 | €530,782 | €585,538 | +€54,756 | +10.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €324,163 | €545,538 | +€221,375 | +68.3% |
| Non-distributable reserves | 130/1 | €183,413 | €237,413 | +€54,000 | +29.4% |
| Reserves not available under the articles | 1311 | €183,413 | €237,413 | +€54,000 | +29.4% |
| Tax-exempt reserves | 132 | €114,250 | €114,250 | = | 0.0% |
| Distributable reserves | 133 | €26,500 | €193,875 | +€167,375 | +632% |
| Profit (loss) carried forward | 14 | €166,619 | - | -€166,619 | |
| Amounts payable | 17/49 | €59,350 | €45,950 | -€13,400 | -22.6% |
| Amounts payable after more than one year | 17 | €34,622 | €33,000 | -€1,622 | -4.7% |
| Financial debts | 170/4 | €34,622 | €33,000 | -€1,622 | -4.7% |
| Amounts payable within one year | 42/48 | €24,097 | €12,439 | -€11,658 | -48.4% |
| Current portion of amounts payable after more than one year | 42 | €9,696 | €1,622 | -€8,074 | -83.3% |
| Trade debts | 44 | €44 | €1,144 | +€1,100 | +2,500% |
| Suppliers | 440/4 | €44 | €1,144 | +€1,100 | +2,500% |
| Taxes, remuneration and social security | 45 | €13,116 | €7,937 | -€5,179 | -39.5% |
| Taxes | 450/3 | €13,116 | €7,937 | -€5,179 | -39.5% |
| Other amounts payable | 47/48 | €1,241 | €1,736 | +€495 | +39.9% |
| Accrued charges and deferred income | 492/3 | €631 | €511 | -€120 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,324 | €31,414 | +€4,090 | +15.0% |
| Other operating charges | 640/8 | €2,452 | €3,308 | +€856 | +34.9% |
| Non-recurring operating charges | 66A | - | €1,044 | +€1,044 | |
| Gross operating margin | 9900 | €119,690 | €113,521 | -€6,169 | -5.2% |
| Operating profit (loss) | 9901 | €89,914 | €77,756 | -€12,158 | -13.5% |
| Financial income | 75/76B | €3,158 | €1,148 | -€2,010 | -63.7% |
| Recurring financial income | 75 | €3,158 | €1,148 | -€2,010 | -63.7% |
| Financial charges | 65/66B | €4,259 | €1,118 | -€3,141 | -73.8% |
| Recurring financial charges | 65 | €4,259 | €1,118 | -€3,141 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | €88,813 | €77,785 | -€11,028 | -12.4% |
| Income taxes | 67/77 | €25,431 | €23,030 | -€2,401 | -9.4% |
| Profit (loss) for the period | 9904 | €63,382 | €54,756 | -€8,626 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,382 | €54,756 | -€8,626 | -13.6% |
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 13 October 2026 via checked.be.