ASTS: 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.
ASTS
Largest movements
- Receivables within one year +€24,833
new in 2025: €24,833
of which Trade receivables: +€24,791
- Cash -€20,189
down €20,189 (-57.5%), from €35,134 to €14,945
mainly Receivables within one year (-€24,833) and Other debts (-€4,729)
- Tangible fixed assets -€3,473
down €3,473 (-100.0%), from €3,473 to €0
- Reserves +€11,901
up €11,901 (+129.2%), from €9,207 to €21,108
- Other debts -€4,729
down €4,729 (-93.8%), from €5,044 to €315
- Tax, wage and social debts -€3,643
down €3,643 (-34.3%), from €10,622 to €6,980
of which Taxes: -€4,306
- Current portion of long-term debt -€2,444
down €2,444 (-100.0%), from €2,444 to €0
- Staff costs +€5,568
new in 2025: €5,568
- Depreciation -€5,256
down €5,256 (-100.0%), from €5,256 to €0
- Taxes -€3,515
down €3,515 (-95.9%), from €3,666 to €151
- Gross operating margin -€1,472
down €1,472 (-7.3%), from €20,170 to €18,698
- Other operating charges -€500
down €500 (-53.8%), from €928 to €428
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 | €58,902 | €59,778 | +€876 | +1.5% |
| Fixed assets | 21/28 | €23,473 | €20,000 | -€3,473 | -14.8% |
| Tangible fixed assets | 22/27 | €3,473 | €0 | -€3,473 | -100.0% |
| Furniture and vehicles | 24 | €3,473 | €0 | -€3,473 | -100.0% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €35,429 | €39,778 | +€4,349 | +12.3% |
| Amounts receivable within one year | 40/41 | - | €24,833 | +€24,833 | |
| Trade receivables | 40 | - | €24,791 | +€24,791 | |
| Other amounts receivable | 41 | - | €43 | +€43 | |
| Cash at bank and in hand | 54/58 | €35,134 | €14,945 | -€20,189 | -57.5% |
| Deferred charges and accrued income | 490/1 | €295 | €0 | -€295 | -100.0% |
| Total equity and liabilities | 10/49 | €58,902 | €59,778 | +€876 | +1.5% |
| Equity | 10/15 | €19,207 | €31,108 | +€11,901 | +62.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | - | -€10,000 | |
| Other | 1109/19 | €10,000 | - | -€10,000 | |
| Reserves | 13 | €9,207 | €21,108 | +€11,901 | +129.2% |
| Distributable reserves | 133 | €9,207 | €21,108 | +€11,901 | +129.2% |
| Amounts payable | 17/49 | €39,694 | €28,670 | -€11,024 | -27.8% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,694 | €8,565 | -€11,129 | -56.5% |
| Current portion of amounts payable after more than one year | 42 | €2,444 | €0 | -€2,444 | -100.0% |
| Trade debts | 44 | €1,584 | €1,270 | -€313 | -19.8% |
| Suppliers | 440/4 | €1,584 | €1,270 | -€313 | -19.8% |
| Taxes, remuneration and social security | 45 | €10,622 | €6,980 | -€3,643 | -34.3% |
| Taxes | 450/3 | €8,122 | €3,817 | -€4,306 | -53.0% |
| Remuneration and social security | 454/9 | €2,500 | €3,163 | +€663 | +26.5% |
| Other amounts payable | 47/48 | €5,044 | €315 | -€4,729 | -93.8% |
| Accrued charges and deferred income | 492/3 | - | €105 | +€105 | |
| Remuneration, social security and pensions | 62 | - | €5,568 | +€5,568 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,256 | €0 | -€5,256 | -100.0% |
| Other operating charges | 640/8 | €928 | €428 | -€500 | -53.8% |
| Gross operating margin | 9900 | €20,170 | €18,698 | -€1,472 | -7.3% |
| Operating profit (loss) | 9901 | €13,985 | €12,702 | -€1,283 | -9.2% |
| Financial charges | 65/66B | €1,112 | €651 | -€461 | -41.5% |
| Recurring financial charges | 65 | €1,112 | €651 | -€461 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €12,874 | €12,051 | -€822 | -6.4% |
| Income taxes | 67/77 | €3,666 | €151 | -€3,515 | -95.9% |
| Profit (loss) for the period | 9904 | €9,207 | €11,901 | +€2,693 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,207 | €11,901 | +€2,693 | +29.2% |
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 10 October 2026 via checked.be.