A.C. ATEL ELECTRONICS: what changed
Two fiscal 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.
A.C. ATEL ELECTRONICS
Largest movements
- Cash +€82,768
up €82,768 (+165.5%), from €50,013 to €132,781
mainly Receivables within one year (+€72,612) and Trade debts (+€42,719)
- Receivables within one year -€72,612
down €72,612 (-33.3%), from €218,155 to €145,543
of which Trade receivables: -€73,425
- Stocks and contracts +€36,194
up €36,194 (+44.1%), from €82,150 to €118,344
- Trade debts +€42,719
up €42,719 (+130.0%), from €32,866 to €75,585
- Profit (loss) carried forward +€5,689
up €5,689 (+5.2%), from €110,165 to €115,854
- Short-term financial debts -€5,590
down €5,590 (-8.6%), from €65,000 to €59,410
- Gross operating margin -€45,234
down €45,234 (-32.9%), from €137,297 to €92,063
- Taxes -€11,810
down €11,810 (-83.4%), from €14,168 to €2,358
- Staff costs +€3,443
up €3,443 (+4.9%), from €70,625 to €74,068
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.
Cash bridge derived
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 | €368,726 | €409,823 | +€41,097 | +11.1% |
| Fixed assets | 21/28 | €12,129 | €7,424 | -€4,705 | -38.8% |
| Intangible fixed assets | 21 | €2,934 | €2,162 | -€772 | -26.3% |
| Tangible fixed assets | 22/27 | €9,195 | €5,262 | -€3,933 | -42.8% |
| Furniture and vehicles | 24 | €9,195 | €5,262 | -€3,933 | -42.8% |
| Current assets | 29/58 | €356,597 | €402,399 | +€45,802 | +12.8% |
| Stocks and contracts in progress | 3 | €82,150 | €118,344 | +€36,194 | +44.1% |
| Stocks | 30/36 | €82,150 | €118,344 | +€36,194 | +44.1% |
| Amounts receivable within one year | 40/41 | €218,155 | €145,543 | -€72,612 | -33.3% |
| Trade receivables | 40 | €211,657 | €138,232 | -€73,425 | -34.7% |
| Other amounts receivable | 41 | €6,498 | €7,311 | +€813 | +12.5% |
| Cash at bank and in hand | 54/58 | €50,013 | €132,781 | +€82,768 | +165.5% |
| Deferred charges and accrued income | 490/1 | €6,279 | €5,731 | -€548 | -8.7% |
| Total equity and liabilities | 10/49 | €368,726 | €409,823 | +€41,097 | +11.1% |
| Equity | 10/15 | €264,157 | €269,846 | +€5,689 | +2.2% |
| Contributions | 10/11 | €68,170 | €68,170 | = | 0.0% |
| Reserves | 13 | €85,822 | €85,822 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,245 | €43,245 | = | 0.0% |
| Distributable reserves | 133 | €42,577 | €42,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,165 | €115,854 | +€5,689 | +5.2% |
| Amounts payable | 17/49 | €104,569 | €139,977 | +€35,408 | +33.9% |
| Amounts payable within one year | 42/48 | €104,569 | €139,977 | +€35,408 | +33.9% |
| Financial debts | 43 | €65,000 | €59,410 | -€5,590 | -8.6% |
| Other loans | 439 | €65,000 | €59,410 | -€5,590 | -8.6% |
| Trade debts | 44 | €32,866 | €75,585 | +€42,719 | +130.0% |
| Suppliers | 440/4 | €32,866 | €75,585 | +€42,719 | +130.0% |
| Taxes, remuneration and social security | 45 | €6,703 | €4,982 | -€1,721 | -25.7% |
| Remuneration and social security | 454/9 | €6,703 | €4,982 | -€1,721 | -25.7% |
| Remuneration, social security and pensions | 62 | €70,625 | €74,068 | +€3,443 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,338 | €4,705 | +€367 | +8.5% |
| Other operating charges | 640/8 | €229 | €227 | -€2 | -0.9% |
| Gross operating margin | 9900 | €137,297 | €92,063 | -€45,234 | -32.9% |
| Operating profit (loss) | 9901 | €62,105 | €13,063 | -€49,042 | -79.0% |
| Financial income | 75/76B | €126 | €125 | -€1 | -0.8% |
| Recurring financial income | 75 | €126 | €125 | -€1 | -0.8% |
| Financial charges | 65/66B | €5,852 | €5,141 | -€711 | -12.1% |
| Recurring financial charges | 65 | €5,852 | €5,141 | -€711 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €56,379 | €8,047 | -€48,332 | -85.7% |
| Income taxes | 67/77 | €14,168 | €2,358 | -€11,810 | -83.4% |
| Profit (loss) for the period | 9904 | €42,211 | €5,689 | -€36,522 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,211 | €5,689 | -€36,522 | -86.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.