l'Aster: 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.
l'Aster
Largest movements
- Cash -€54,082
down €54,082 (-40.2%), from €134,634 to €80,552
mainly Investment in fixed assets (net) (-€39,265) and Net result for the year (-€33,840)
- Tangible fixed assets +€14,508
up €14,508 (+7.3%), from €197,585 to €212,093
of which Furniture and vehicles: +€7,448
- Current investments -€12,574
down €12,574 (-3.0%), from €415,010 to €402,436
- Reserves -€30,000
down €30,000 (-10.2%), from €293,000 to €263,000
- Debts within one year -€15,633
down €15,633 (-10.7%), from €146,719 to €131,085
of which Current portion of long-term debt: -€19,322
- Gross operating margin +€26,267
up €26,267 (+5.4%), from €489,789 to €516,056
- Staff costs -€25,321
down €25,321 (-4.7%), from €534,065 to €508,744
- Other operating charges +€18,562
new in 2025: €18,562
- Depreciation +€7,797
up €7,797 (+46.0%), from €16,960 to €24,757
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 | €837,985 | €788,511 | -€49,473 | -5.9% |
| Fixed assets | 21/28 | €197,585 | €212,093 | +€14,508 | +7.3% |
| Tangible fixed assets | 22/27 | €197,585 | €212,093 | +€14,508 | +7.3% |
| Land and buildings | 22 | €196,641 | €203,701 | +€7,060 | +3.6% |
| Furniture and vehicles | 24 | €944 | €8,392 | +€7,448 | +788.6% |
| Current assets | 29/58 | €640,400 | €576,418 | -€63,981 | -10.0% |
| Amounts receivable within one year | 40/41 | €86,925 | €91,560 | +€4,634 | +5.3% |
| Trade receivables | 40 | €1,304 | - | -€1,304 | |
| Other amounts receivable | 41 | €85,622 | €91,560 | +€5,938 | +6.9% |
| Current investments | 50/53 | €415,010 | €402,436 | -€12,574 | -3.0% |
| Cash at bank and in hand | 54/58 | €134,634 | €80,552 | -€54,082 | -40.2% |
| Deferred charges and accrued income | 490/1 | €3,830 | €1,871 | -€1,959 | -51.2% |
| Total equity and liabilities | 10/49 | €837,985 | €788,511 | -€49,473 | -5.9% |
| Equity | 10/15 | €691,251 | €657,411 | -€33,840 | -4.9% |
| Reserves | 13 | €293,000 | €263,000 | -€30,000 | -10.2% |
| Profit (loss) carried forward | 14 | €398,251 | €394,411 | -€3,840 | -1.0% |
| Amounts payable | 17/49 | €146,734 | €131,100 | -€15,633 | -10.7% |
| Amounts payable within one year | 42/48 | €146,719 | €131,085 | -€15,633 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €19,322 | - | -€19,322 | |
| Trade debts | 44 | €49,213 | €66,230 | +€17,017 | +34.6% |
| Suppliers | 440/4 | €49,213 | €66,230 | +€17,017 | +34.6% |
| Taxes, remuneration and social security | 45 | €75,723 | €62,394 | -€13,329 | -17.6% |
| Taxes | 450/3 | €12,141 | €44 | -€12,097 | -99.6% |
| Remuneration and social security | 454/9 | €63,582 | €62,349 | -€1,232 | -1.9% |
| Accrued charges and deferred income | 492/3 | €15 | €15 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €534,065 | €508,744 | -€25,321 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,960 | €24,757 | +€7,797 | +46.0% |
| Other operating charges | 640/8 | - | €18,562 | +€18,562 | |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €489,789 | €516,056 | +€26,267 | +5.4% |
| Operating profit (loss) | 9901 | -€61,237 | -€36,007 | +€25,230 | +41.2% |
| Financial income | 75/76B | €3,733 | €3,960 | +€227 | +6.1% |
| Recurring financial income | 75 | €3,733 | €3,960 | +€227 | +6.1% |
| Financial charges | 65/66B | €3,740 | €1,793 | -€1,947 | -52.0% |
| Recurring financial charges | 65 | €3,740 | €1,793 | -€1,947 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | -€61,244 | -€33,840 | +€27,404 | +44.7% |
| Profit (loss) for the period | 9904 | -€61,244 | -€33,840 | +€27,404 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,244 | -€33,840 | +€27,404 | +44.7% |
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 30 September 2026 via checked.be.