L' ASTRADA: 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.
L' ASTRADA
Largest movements
- Tangible fixed assets +€17,558
up €17,558 (+6.2%), from €284,385 to €301,943
of which Other tangible fixed assets: +€24,758
- Cash +€11,578
up €11,578 (+132%), from €8,791 to €20,368
mainly Net result for the year (+€96,269) and Current portion of long-term debt (+€23,832)
- Profit (loss) carried forward +€96,269
up €96,269 (+324%), from €29,702 to €125,971
- Debts after one year -€56,475
down €56,475 (-57.8%), from €97,639 to €41,164
- Current portion of long-term debt +€23,832
new in 2025: €23,832
- Other debts -€19,689
down €19,689 (-20.7%), from €95,262 to €75,573
- Trade debts -€14,369
down €14,369 (-59.0%), from €24,355 to €9,986
- Gross operating margin +€66,594
up €66,594 (+110%), from €60,546 to €127,140
- Financial charges +€6,704
up €6,704 (+524%), from €1,280 to €7,983
- Other operating charges +€5,941
up €5,941 (+84.9%), from €6,995 to €12,936
- Depreciation +€1,933
up €1,933 (+24.1%), from €8,018 to €9,951
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 | €330,778 | €360,370 | +€29,592 | +8.9% |
| Fixed assets | 21/28 | €312,261 | €329,819 | +€17,558 | +5.6% |
| Tangible fixed assets | 22/27 | €284,385 | €301,943 | +€17,558 | +6.2% |
| Land and buildings | 22 | €284,385 | €277,185 | -€7,200 | -2.5% |
| Other tangible fixed assets | 26 | - | €24,758 | +€24,758 | |
| Financial fixed assets | 28 | €27,876 | €27,876 | = | 0.0% |
| Current assets | 29/58 | €18,517 | €30,551 | +€12,033 | +65.0% |
| Amounts receivable within one year | 40/41 | €9,727 | €10,183 | +€456 | +4.7% |
| Trade receivables | 40 | €6,655 | €6,655 | = | 0.0% |
| Other amounts receivable | 41 | €3,072 | €3,528 | +€456 | +14.8% |
| Cash at bank and in hand | 54/58 | €8,791 | €20,368 | +€11,578 | +132% |
| Total equity and liabilities | 10/49 | €330,778 | €360,370 | +€29,592 | +8.9% |
| Equity | 10/15 | €113,522 | €209,791 | +€96,269 | +84.8% |
| Contributions | 10/11 | €76,200 | €76,200 | = | 0.0% |
| Capital | 10 | €76,200 | €76,200 | = | 0.0% |
| Issued capital | 100 | €76,200 | €76,200 | = | 0.0% |
| Reserves | 13 | €7,620 | €7,620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,620 | €7,620 | = | 0.0% |
| Legal reserve | 130 | €7,620 | €7,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,702 | €125,971 | +€96,269 | +324% |
| Amounts payable | 17/49 | €217,256 | €150,579 | -€66,677 | -30.7% |
| Amounts payable after more than one year | 17 | €97,639 | €41,164 | -€56,475 | -57.8% |
| Financial debts | 170/4 | €97,639 | €41,164 | -€56,475 | -57.8% |
| Amounts payable within one year | 42/48 | €119,617 | €109,414 | -€10,202 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | - | €23,832 | +€23,832 | |
| Trade debts | 44 | €24,355 | €9,986 | -€14,369 | -59.0% |
| Suppliers | 440/4 | €24,355 | €9,986 | -€14,369 | -59.0% |
| Taxes, remuneration and social security | 45 | - | €24 | +€24 | |
| Taxes | 450/3 | - | €24 | +€24 | |
| Other amounts payable | 47/48 | €95,262 | €75,573 | -€19,689 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,018 | €9,951 | +€1,933 | +24.1% |
| Other operating charges | 640/8 | €6,995 | €12,936 | +€5,941 | +84.9% |
| Gross operating margin | 9900 | €60,546 | €127,140 | +€66,594 | +110% |
| Operating profit (loss) | 9901 | €45,532 | €104,252 | +€58,720 | +129% |
| Financial charges | 65/66B | €1,280 | €7,983 | +€6,704 | +524% |
| Recurring financial charges | 65 | €1,280 | €7,983 | +€6,704 | +524% |
| Profit (loss) for the period before taxes | 9903 | €44,252 | €96,269 | +€52,017 | +118% |
| Profit (loss) for the period | 9904 | €44,252 | €96,269 | +€52,017 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €44,252 | €96,269 | +€52,017 | +118% |
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 19 October 2026 via checked.be.