TKAZ ASTERIA: 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.
TKAZ ASTERIA
Largest movements
- Cash -€100,401
down €100,401 (-95.7%), from €104,945 to €4,544
mainly Net result for the year (-€143,869) and Tax, wage and social debts (-€94,781)
- Receivables within one year -€99,728
down €99,728 (-50.9%), from €195,886 to €96,159
of which Trade receivables: -€80,789
- Tangible fixed assets -€15,298
down €15,298 (-26.0%), from €58,791 to €43,493
- Profit (loss) carried forward -€143,869
down €143,869, from €3,081 to -€140,788
- Tax, wage and social debts -€94,781
down €94,781 (-81.4%), from €116,396 to €21,615
- Other debts +€28,154
new in 2025: €28,154
- Debts after one year -€10,375
down €10,375 (-30.1%), from €34,461 to €24,086
- Trade debts +€4,310
up €4,310 (+32.1%), from €13,448 to €17,758
- Gross operating margin -€82,457
down €82,457, from €27,196 to -€55,261
- Financial charges +€66,684
up €66,684 (+1,469%), from €4,540 to €71,223
- Other operating charges -€3,642
down €3,642 (-66.9%), from €5,448 to €1,806
- Depreciation +€3,206
up €3,206 (+26.5%), from €12,092 to €15,298
- Taxes -€2,316
down €2,316 (-89.2%), from €2,597 to €281
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 | €428,320 | €212,200 | -€216,120 | -50.5% |
| Fixed assets | 21/28 | €58,791 | €43,493 | -€15,298 | -26.0% |
| Tangible fixed assets | 22/27 | €58,791 | €43,493 | -€15,298 | -26.0% |
| Furniture and vehicles | 24 | €58,791 | €43,493 | -€15,298 | -26.0% |
| Current assets | 29/58 | €369,529 | €168,707 | -€200,822 | -54.3% |
| Stocks and contracts in progress | 3 | €67,125 | €67,125 | = | 0.0% |
| Stocks | 30/36 | €67,125 | €67,125 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €195,886 | €96,159 | -€99,728 | -50.9% |
| Trade receivables | 40 | €156,948 | €76,159 | -€80,789 | -51.5% |
| Other amounts receivable | 41 | €38,939 | €20,000 | -€18,939 | -48.6% |
| Cash at bank and in hand | 54/58 | €104,945 | €4,544 | -€100,401 | -95.7% |
| Deferred charges and accrued income | 490/1 | €1,573 | €879 | -€694 | -44.1% |
| Total equity and liabilities | 10/49 | €428,320 | €212,200 | -€216,120 | -50.5% |
| Equity | 10/15 | €254,081 | €110,212 | -€143,869 | -56.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €250,000 | €250,000 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,081 | -€140,788 | -€143,869 | |
| Amounts payable | 17/49 | €174,239 | €101,988 | -€72,252 | -41.5% |
| Amounts payable after more than one year | 17 | €34,461 | €24,086 | -€10,375 | -30.1% |
| Financial debts | 170/4 | €34,461 | €24,086 | -€10,375 | -30.1% |
| Amounts payable within one year | 42/48 | €139,778 | €77,901 | -€61,877 | -44.3% |
| Current portion of amounts payable after more than one year | 42 | €9,934 | €10,375 | +€441 | +4.4% |
| Trade debts | 44 | €13,448 | €17,758 | +€4,310 | +32.1% |
| Suppliers | 440/4 | €13,448 | €17,758 | +€4,310 | +32.1% |
| Taxes, remuneration and social security | 45 | €116,396 | €21,615 | -€94,781 | -81.4% |
| Taxes | 450/3 | €116,396 | €21,615 | -€94,781 | -81.4% |
| Other amounts payable | 47/48 | - | €28,154 | +€28,154 | |
| Remuneration, social security and pensions | 62 | €196 | - | -€196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,092 | €15,298 | +€3,206 | +26.5% |
| Other operating charges | 640/8 | €5,448 | €1,806 | -€3,642 | -66.9% |
| Gross operating margin | 9900 | €27,196 | -€55,261 | -€82,457 | |
| Operating profit (loss) | 9901 | €9,460 | -€72,365 | -€81,825 | |
| Financial income | 75/76B | €79 | - | -€79 | |
| Recurring financial income | 75 | €79 | - | -€79 | |
| Financial charges | 65/66B | €4,540 | €71,223 | +€66,684 | +1,469% |
| Recurring financial charges | 65 | €4,540 | €71,223 | +€66,684 | +1,469% |
| Profit (loss) for the period before taxes | 9903 | €5,000 | -€143,588 | -€148,588 | |
| Income taxes | 67/77 | €2,597 | €281 | -€2,316 | -89.2% |
| Profit (loss) for the period | 9904 | €2,403 | -€143,869 | -€146,272 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,403 | -€143,869 | -€146,272 |
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 31 October 2026 via checked.be.