L'ASTRAGALE: 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'ASTRAGALE
Largest movements
- Cash +€170,074
up €170,074 (+58.6%), from €290,348 to €460,422
mainly Net result for the year (+€199,044) and Tax, wage and social debts (+€53,537)
- Receivables within one year -€30,687
down €30,687 (-17.9%), from €171,186 to €140,499
of which Trade receivables: -€34,732
- Tangible fixed assets -€15,427
down €15,427 (-3.0%), from €511,270 to €495,843
of which Land and buildings: -€8,218
- Reserves +€199,044
up €199,044 (+127%), from €157,164 to €356,208
of which Distributable reserves: +€199,044
- Other debts -€108,743
no longer reported in 2025 (was €108,743)
- Tax, wage and social debts +€53,537
up €53,537 (+125%), from €42,930 to €96,466
- Trade debts -€19,393
down €19,393 (-96.7%), from €20,053 to €660
- Turnover -€318,661
no longer reported in 2025 (was €318,661)
- Purchases and services -€39,266
no longer reported in 2025 (was €39,266)
- Taxes +€10,157
up €10,157 (+12.2%), from €83,513 to €93,670
- Gross operating margin +€6,071
up €6,071 (+1.9%), from €322,954 to €329,025
- Depreciation -€5,723
down €5,723 (-15.8%), from €36,309 to €30,585
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 | €975,656 | €1,100,101 | +€124,445 | +12.8% |
| Fixed assets | 21/28 | €511,320 | €495,893 | -€15,427 | -3.0% |
| Tangible fixed assets | 22/27 | €511,270 | €495,843 | -€15,427 | -3.0% |
| Land and buildings | 22 | €348,860 | €340,641 | -€8,218 | -2.4% |
| Furniture and vehicles | 24 | €2,685 | €3,611 | +€926 | +34.5% |
| Other tangible fixed assets | 26 | €25,295 | €21,476 | -€3,820 | -15.1% |
| Assets under construction and advance payments | 27 | €134,431 | €130,116 | -€4,315 | -3.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €464,336 | €604,208 | +€139,872 | +30.1% |
| Amounts receivable within one year | 40/41 | €171,186 | €140,499 | -€30,687 | -17.9% |
| Trade receivables | 40 | €168,918 | €134,185 | -€34,732 | -20.6% |
| Other amounts receivable | 41 | €2,269 | €6,314 | +€4,045 | +178% |
| Cash at bank and in hand | 54/58 | €290,348 | €460,422 | +€170,074 | +58.6% |
| Deferred charges and accrued income | 490/1 | €2,801 | €3,286 | +€485 | +17.3% |
| Total equity and liabilities | 10/49 | €975,656 | €1,100,101 | +€124,445 | +12.8% |
| Equity | 10/15 | €803,930 | €1,002,974 | +€199,044 | +24.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €157,164 | €356,208 | +€199,044 | +127% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €155,304 | €354,348 | +€199,044 | +128% |
| Profit (loss) carried forward | 14 | €628,174 | €628,174 | = | 0.0% |
| Amounts payable | 17/49 | €171,726 | €97,127 | -€74,599 | -43.4% |
| Amounts payable within one year | 42/48 | €171,726 | €97,127 | -€74,599 | -43.4% |
| Trade debts | 44 | €20,053 | €660 | -€19,393 | -96.7% |
| Suppliers | 440/4 | €20,053 | €660 | -€19,393 | -96.7% |
| Taxes, remuneration and social security | 45 | €42,930 | €96,466 | +€53,537 | +125% |
| Taxes | 450/3 | €42,930 | €96,466 | +€53,537 | +125% |
| Other amounts payable | 47/48 | €108,743 | - | -€108,743 | |
| Turnover | 70 | €318,661 | - | -€318,661 | |
| Non-recurring operating income | 76A | - | €3,658 | +€3,658 | |
| Goods, raw materials, services and sundry goods | 60/61 | €39,266 | - | -€39,266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,309 | €30,585 | -€5,723 | -15.8% |
| Other operating charges | 640/8 | €7,696 | €7,938 | +€242 | +3.1% |
| Gross operating margin | 9900 | €322,954 | €329,025 | +€6,071 | +1.9% |
| Operating profit (loss) | 9901 | €278,949 | €290,502 | +€11,553 | +4.1% |
| Financial income | 75/76B | €1 | €2,458 | +€2,457 | +472,563% |
| Recurring financial income | 75 | €1 | €2,458 | +€2,457 | +472,563% |
| Financial charges | 65/66B | €181 | €245 | +€64 | +35.1% |
| Recurring financial charges | 65 | €181 | €245 | +€64 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €278,768 | €292,715 | +€13,946 | +5.0% |
| Income taxes | 67/77 | €83,513 | €93,670 | +€10,157 | +12.2% |
| Profit (loss) for the period | 9904 | €195,255 | €199,044 | +€3,789 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €195,255 | €199,044 | +€3,789 | +1.9% |
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 13 October 2026 via checked.be.