ASTUCE: what changed
ASTUCE
Largest movements
- Cash -€49,184
down €49,184 (-60.4%), from €81,467 to €32,284
mainly Other debts (-€77,642) and Investment in fixed assets (net) (-€19,893)
- Stocks and contracts +€14,093
up €14,093 (+6.7%), from €210,665 to €224,759
- Tangible fixed assets +€12,609
up €12,609 (+47.0%), from €26,816 to €39,425
of which Land and buildings: +€7,243
- Other debts -€77,642
down €77,642 (-14.3%), from €541,885 to €464,243
- Profit (loss) carried forward +€62,231
up €62,231 (+43.8%), from €142,041 to €204,272
- Trade debts -€17,346
down €17,346 (-15.9%), from €108,945 to €91,598
- Tax, wage and social debts +€15,163
up €15,163 (+52.0%), from €29,155 to €44,318
of which Taxes: +€14,629
- Turnover -€89,328
down €89,328 (-9.2%), from €975,673 to €886,345
- Purchases and services -€60,601
down €60,601 (-6.9%), from €882,100 to €821,500
- Gross operating margin +€26,086
up €26,086 (+13.3%), from €195,897 to €221,982
- Taxes +€16,813
new in 2025: €16,813
- Staff costs +€14,742
up €14,742 (+13.0%), from €113,702 to €128,445
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €835,101 | €816,366 | -€18,734 | -2.2% |
| Fixed assets | 21/28 | €27,086 | €39,695 | +€12,609 | +46.6% |
| Tangible fixed assets | 22/27 | €26,816 | €39,425 | +€12,609 | +47.0% |
| Land and buildings | 22 | - | €7,243 | +€7,243 | |
| Plant, machinery and equipment | 23 | €26,324 | €31,508 | +€5,184 | +19.7% |
| Furniture and vehicles | 24 | €492 | €674 | +€182 | +37.0% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €808,015 | €776,671 | -€31,343 | -3.9% |
| Stocks and contracts in progress | 3 | €210,665 | €224,759 | +€14,093 | +6.7% |
| Stocks | 30/36 | €210,665 | €224,759 | +€14,093 | +6.7% |
| Amounts receivable within one year | 40/41 | €514,905 | €517,100 | +€2,196 | +0.4% |
| Trade receivables | 40 | €15,945 | €20,475 | +€4,529 | +28.4% |
| Other amounts receivable | 41 | €498,960 | €496,626 | -€2,334 | -0.5% |
| Cash at bank and in hand | 54/58 | €81,467 | €32,284 | -€49,184 | -60.4% |
| Deferred charges and accrued income | 490/1 | €977 | €2,528 | +€1,551 | +159% |
| Total equity and liabilities | 10/49 | €835,101 | €816,366 | -€18,734 | -2.2% |
| Equity | 10/15 | €150,101 | €212,332 | +€62,231 | +41.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,041 | €204,272 | +€62,231 | +43.8% |
| Amounts payable | 17/49 | €685,000 | €604,034 | -€80,965 | -11.8% |
| Amounts payable within one year | 42/48 | €682,500 | €601,534 | -€80,965 | -11.9% |
| Trade debts | 44 | €108,945 | €91,598 | -€17,346 | -15.9% |
| Suppliers | 440/4 | €108,945 | €91,598 | -€17,346 | -15.9% |
| Advances received on contracts in progress | 46 | €2,515 | €1,375 | -€1,140 | -45.3% |
| Taxes, remuneration and social security | 45 | €29,155 | €44,318 | +€15,163 | +52.0% |
| Taxes | 450/3 | €13,892 | €28,521 | +€14,629 | +105% |
| Remuneration and social security | 454/9 | €15,263 | €15,796 | +€534 | +3.5% |
| Other amounts payable | 47/48 | €541,885 | €464,243 | -€77,642 | -14.3% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Turnover | 70 | €975,673 | €886,345 | -€89,328 | -9.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €882,100 | €821,500 | -€60,601 | -6.9% |
| Remuneration, social security and pensions | 62 | €113,702 | €128,445 | +€14,742 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,444 | €7,284 | +€2,840 | +63.9% |
| Other operating charges | 640/8 | €4,119 | €4,248 | +€129 | +3.1% |
| Gross operating margin | 9900 | €195,897 | €221,982 | +€26,086 | +13.3% |
| Operating profit (loss) | 9901 | €73,631 | €82,005 | +€8,375 | +11.4% |
| Financial income | 75/76B | €32,574 | €28,976 | -€3,598 | -11.0% |
| Recurring financial income | 75 | €32,574 | €28,976 | -€3,598 | -11.0% |
| Financial charges | 65/66B | €39,396 | €31,937 | -€7,459 | -18.9% |
| Recurring financial charges | 65 | €39,396 | €31,937 | -€7,459 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €66,809 | €79,044 | +€12,236 | +18.3% |
| Income taxes | 67/77 | - | €16,813 | +€16,813 | |
| Profit (loss) for the period | 9904 | €66,809 | €62,231 | -€4,578 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,809 | €62,231 | -€4,578 | -6.9% |
Next steps
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 2 November 2026 via checked.be.