BEL ASTRE: 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.
BEL ASTRE
Largest movements
- Receivables after one year +€15.8m
new in 2025: €15.8m
- Financial fixed assets -€740,359
down €740,359 (-31.8%), from €2.3m to €1.6m
- Other debts +€16.0m
new in 2025: €16.0m
- Debts after one year -€1.9m
no longer reported in 2025 (was €1.9m)
- Profit (loss) carried forward +€916,396
up €916,396, from -€259,177 to €657,219
- Financial income +€17.7m
new in 2025: €17.7m
- Financial charges +€645,314
up €645,314 (+461.8%), from €139,738 to €785,053
of which Non-recurring financial charges: +€740,359
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 | €2,326,849 | €17,373,830 | +€15.0m | +646.7% |
| Fixed assets | 21/28 | €2,325,288 | €1,584,929 | -€740,359 | -31.8% |
| Financial fixed assets | 28 | €2,325,288 | €1,584,929 | -€740,359 | -31.8% |
| Affiliated companies | 280/1 | €2,325,288 | €1,584,929 | -€740,359 | -31.8% |
| Participating interests | 280 | €2,325,288 | €1,584,929 | -€740,359 | -31.8% |
| Current assets | 29/58 | €1,561 | €15,788,902 | +€15.8m | +1011600.5% |
| Amounts receivable after more than one year | 29 | - | €15,787,026 | +€15.8m | |
| Other amounts receivable | 291 | - | €15,787,026 | +€15.8m | |
| Cash at bank and in hand | 54/58 | €1,561 | €1,875 | +€315 | +20.2% |
| Total equity and liabilities | 10/49 | €2,326,849 | €17,373,830 | +€15.0m | +646.7% |
| Equity | 10/15 | €455,823 | €1,372,219 | +€916,396 | +201.0% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €65,000 | €65,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,000 | €65,000 | = | 0.0% |
| Legal reserve | 130 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€259,177 | €657,219 | +€916,396 | |
| Amounts payable | 17/49 | €1,871,026 | €16,001,611 | +€14.1m | +755.2% |
| Amounts payable after more than one year | 17 | €1,870,665 | - | -€1.9m | |
| Other amounts payable | 178/9 | €1,870,665 | - | -€1.9m | |
| Amounts payable within one year | 42/48 | €361 | €16,001,611 | +€16.0m | +4436165.9% |
| Trade debts | 44 | €361 | €1,611 | +€1,251 | +346.7% |
| Suppliers | 440/4 | €361 | €1,611 | +€1,251 | +346.7% |
| Other amounts payable | 47/48 | - | €16,000,000 | +€16.0m | |
| Operating charges | 60/66A | €15,972 | €12,856 | -€3,117 | -19.5% |
| Services and other goods | 61 | €15,972 | €12,856 | -€3,117 | -19.5% |
| Operating profit (loss) | 9901 | -€15,972 | -€12,856 | +€3,117 | +19.5% |
| Financial income | 75/76B | - | €17,714,305 | +€17.7m | |
| Recurring financial income | 75 | - | €17,714,305 | +€17.7m | |
| Income from financial fixed assets | 750 | - | €17,631,108 | +€17.6m | |
| Income from current assets | 751 | - | €83,196 | +€83,196 | |
| Financial charges | 65/66B | €139,738 | €785,053 | +€645,314 | +461.8% |
| Recurring financial charges | 65 | €139,738 | €44,694 | -€95,045 | -68.0% |
| Debt charges | 650 | €139,557 | €44,694 | -€94,864 | -68.0% |
| Other financial charges | 652/9 | €181 | - | -€181 | |
| Non-recurring financial charges | 66B | - | €740,359 | +€740,359 | |
| Profit (loss) for the period before taxes | 9903 | -€155,711 | €16,916,396 | +€17.1m | |
| Profit (loss) for the period | 9904 | -€155,711 | €16,916,396 | +€17.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€155,711 | €16,916,396 | +€17.1m |
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 8 October 2026 via checked.be.