ASTES: 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.
ASTES
Largest movements
- Receivables after one year -€230,000
down €230,000 (-41.1%), from €560,000 to €330,000
- Tangible fixed assets -€34,315
down €34,315 (-3.3%), from €1.1m to €1.0m
of which Land and buildings: -€67,782
- Cash +€20,651
up €20,651 (+118%), from €17,524 to €38,175
mainly Receivables after one year (+€230,000) and Net result for the year (+€106,734)
- Debts after one year -€193,926
down €193,926 (-16.7%), from €1.2m to €970,655
- Trade debts -€31,680
down €31,680 (-96.8%), from €32,743 to €1,063
- Gross operating margin +€50,393
up €50,393 (+23.9%), from €211,286 to €261,679
- Financial income -€27,614
down €27,614 (-61.3%), from €45,080 to €17,466
- Depreciation +€15,803
up €15,803 (+26.3%), from €60,097 to €75,900
- Financial charges -€6,662
down €6,662 (-13.8%), from €48,193 to €41,531
- Taxes -€3,849
down €3,849 (-16.9%), from €22,802 to €18,953
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 | €1,634,637 | €1,390,028 | -€244,609 | -15.0% |
| Fixed assets | 21/28 | €1,054,600 | €1,020,285 | -€34,315 | -3.3% |
| Tangible fixed assets | 22/27 | €1,053,150 | €1,018,835 | -€34,315 | -3.3% |
| Land and buildings | 22 | €1,050,811 | €983,029 | -€67,782 | -6.5% |
| Plant, machinery and equipment | 23 | €2,339 | €35,806 | +€33,467 | +1,431% |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €580,037 | €369,743 | -€210,294 | -36.3% |
| Amounts receivable after more than one year | 29 | €560,000 | €330,000 | -€230,000 | -41.1% |
| Other amounts receivable | 291 | €560,000 | €330,000 | -€230,000 | -41.1% |
| Amounts receivable within one year | 40/41 | €652 | €649 | -€3 | -0.5% |
| Trade receivables | 40 | €197 | €0 | -€197 | -100% |
| Other amounts receivable | 41 | €455 | €649 | +€194 | +42.7% |
| Cash at bank and in hand | 54/58 | €17,524 | €38,175 | +€20,651 | +118% |
| Deferred charges and accrued income | 490/1 | €1,860 | €918 | -€942 | -50.6% |
| Total equity and liabilities | 10/49 | €1,634,637 | €1,390,028 | -€244,609 | -15.0% |
| Equity | 10/15 | €114,730 | €111,464 | -€3,266 | -2.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,730 | €1,464 | -€3,266 | -69.0% |
| Amounts payable | 17/49 | €1,519,907 | €1,278,564 | -€241,343 | -15.9% |
| Amounts payable after more than one year | 17 | €1,164,581 | €970,655 | -€193,926 | -16.7% |
| Financial debts | 170/4 | €1,164,581 | €970,655 | -€193,926 | -16.7% |
| Amounts payable within one year | 42/48 | €353,725 | €307,909 | -€45,816 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €190,182 | €193,926 | +€3,744 | +2.0% |
| Trade debts | 44 | €32,743 | €1,063 | -€31,680 | -96.8% |
| Suppliers | 440/4 | €32,743 | €1,063 | -€31,680 | -96.8% |
| Taxes, remuneration and social security | 45 | €10,800 | €2,920 | -€7,880 | -73.0% |
| Taxes | 450/3 | €10,800 | €2,920 | -€7,880 | -73.0% |
| Other amounts payable | 47/48 | €120,000 | €110,000 | -€10,000 | -8.3% |
| Accrued charges and deferred income | 492/3 | €1,601 | €0 | -€1,601 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,097 | €75,900 | +€15,803 | +26.3% |
| Other operating charges | 640/8 | €34,984 | €36,028 | +€1,044 | +3.0% |
| Gross operating margin | 9900 | €211,286 | €261,679 | +€50,393 | +23.9% |
| Operating profit (loss) | 9901 | €116,205 | €149,751 | +€33,546 | +28.9% |
| Financial income | 75/76B | €45,080 | €17,466 | -€27,614 | -61.3% |
| Recurring financial income | 75 | €45,080 | €17,466 | -€27,614 | -61.3% |
| Financial charges | 65/66B | €48,193 | €41,531 | -€6,662 | -13.8% |
| Recurring financial charges | 65 | €48,193 | €41,531 | -€6,662 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €113,093 | €125,687 | +€12,595 | +11.1% |
| Income taxes | 67/77 | €22,802 | €18,953 | -€3,849 | -16.9% |
| Profit (loss) for the period | 9904 | €90,291 | €106,734 | +€16,444 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,291 | €106,734 | +€16,444 | +18.2% |
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 26 October 2026 via checked.be.