ASTEMA: what changed
ASTEMA
Largest movements
- Receivables within one year +€41,540
up €41,540 (+1,389%), from €2,991 to €44,531
of which Trade receivables: +€39,129
- Cash -€5,703
down €5,703 (-24.0%), from €23,788 to €18,085
mainly Receivables within one year (-€41,540) and Contributions, distributions and other (-€833)
- Tangible fixed assets -€1,410
down €1,410 (-22.7%), from €6,221 to €4,812
- Reserves +€23,000
up €23,000 (+177%), from €13,000 to €36,000
- Tax, wage and social debts +€5,838
up €5,838 (+124%), from €4,701 to €10,539
- Other debts +€4,129
up €4,129 (+38.1%), from €10,842 to €14,972
- Trade debts +€1,340
up €1,340 (+223%), from €600 to €1,940
- Gross operating margin +€14,174
up €14,174 (+76.1%), from €18,629 to €32,803
- Taxes +€3,340
up €3,340 (+89.1%), from €3,749 to €7,089
- Depreciation +€1,104
up €1,104 (+362%), from €305 to €1,410
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,001 | €67,591 | +€34,590 | +105% |
| Fixed assets | 21/28 | €6,221 | €4,812 | -€1,410 | -22.7% |
| Tangible fixed assets | 22/27 | €6,221 | €4,812 | -€1,410 | -22.7% |
| Furniture and vehicles | 24 | €6,221 | €4,812 | -€1,410 | -22.7% |
| Current assets | 29/58 | €26,779 | €62,779 | +€35,999 | +134% |
| Amounts receivable within one year | 40/41 | €2,991 | €44,531 | +€41,540 | +1,389% |
| Trade receivables | 40 | €2,991 | €42,120 | +€39,129 | +1,308% |
| Other amounts receivable | 41 | €0 | €2,411 | +€2,411 | +1,148,114% |
| Cash at bank and in hand | 54/58 | €23,788 | €18,085 | -€5,703 | -24.0% |
| Deferred charges and accrued income | 490/1 | - | €163 | +€163 | |
| Total equity and liabilities | 10/49 | €33,001 | €67,591 | +€34,590 | +105% |
| Equity | 10/15 | €16,775 | €40,090 | +€23,315 | +139% |
| Contributions | 10/11 | €3,100 | €3,100 | = | 0.0% |
| Reserves | 13 | €13,000 | €36,000 | +€23,000 | +177% |
| Distributable reserves | 133 | €13,000 | €36,000 | +€23,000 | +177% |
| Profit (loss) carried forward | 14 | €675 | €990 | +€315 | +46.7% |
| Amounts payable | 17/49 | €16,226 | €27,501 | +€11,275 | +69.5% |
| Amounts payable within one year | 42/48 | €16,143 | €27,450 | +€11,307 | +70.0% |
| Trade debts | 44 | €600 | €1,940 | +€1,340 | +223% |
| Suppliers | 440/4 | €600 | €1,940 | +€1,340 | +223% |
| Taxes, remuneration and social security | 45 | €4,701 | €10,539 | +€5,838 | +124% |
| Taxes | 450/3 | €4,701 | €10,539 | +€5,838 | +124% |
| Other amounts payable | 47/48 | €10,842 | €14,972 | +€4,129 | +38.1% |
| Accrued charges and deferred income | 492/3 | €83 | €50 | -€33 | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305 | €1,410 | +€1,104 | +362% |
| Gross operating margin | 9900 | €18,629 | €32,803 | +€14,174 | +76.1% |
| Operating profit (loss) | 9901 | €18,324 | €31,393 | +€13,070 | +71.3% |
| Financial income | 75/76B | €0 | €30 | +€30 | +149,450% |
| Recurring financial income | 75 | €0 | €30 | +€30 | +149,450% |
| Financial charges | 65/66B | €41 | €186 | +€145 | +354% |
| Recurring financial charges | 65 | €41 | €186 | +€145 | +354% |
| Profit (loss) for the period before taxes | 9903 | €18,283 | €31,237 | +€12,954 | +70.9% |
| Income taxes | 67/77 | €3,749 | €7,089 | +€3,340 | +89.1% |
| Profit (loss) for the period | 9904 | €14,534 | €24,148 | +€9,615 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,534 | €24,148 | +€9,615 | +66.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.