A.T.A.D: 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.
A.T.A.D
Largest movements
- Receivables within one year -€28,934
down €28,934 (-28.0%), from €103,399 to €74,465
of which Other amounts receivable: -€41,555
- Tangible fixed assets -€2,639
no longer reported in 2025 (was €2,639)
of which Furniture and vehicles: -€2,351
- Stocks and contracts -€2,197
down €2,197 (-42.1%), from €5,222 to €3,025
- Trade debts +€19,258
up €19,258 (+29.8%), from €64,656 to €83,914
- Profit (loss) carried forward -€15,054
down €15,054 (-28.2%), from -€53,474 to -€68,528
- Reserves -€12,500
down €12,500 (-87.1%), from €14,359 to €1,859
of which Distributable reserves: -€12,500
- Other debts -€8,500
down €8,500 (-40.5%), from €21,000 to €12,500
- Short-term financial debts -€7,854
down €7,854 (-81.6%), from €9,624 to €1,769
- Gross operating margin +€61,203
up €61,203, from -€7,995 to €53,208
- Staff costs +€7,148
up €7,148 (+18.1%), from €39,473 to €46,621
- Financial income -€1,731
down €1,731 (-99.7%), from €1,736 to €5
of which Non-recurring financial income: -€1,723
- Depreciation -€1,464
down €1,464 (-83.2%), from €1,760 to €296
- Financial charges +€1,221
up €1,221 (+32.9%), from €3,711 to €4,931
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 | €117,049 | €83,702 | -€33,348 | -28.5% |
| Fixed assets | 21/28 | €2,639 | - | -€2,639 | |
| Tangible fixed assets | 22/27 | €2,639 | - | -€2,639 | |
| Plant, machinery and equipment | 23 | €288 | - | -€288 | |
| Furniture and vehicles | 24 | €2,351 | - | -€2,351 | |
| Current assets | 29/58 | €114,410 | €83,702 | -€30,708 | -26.8% |
| Stocks and contracts in progress | 3 | €5,222 | €3,025 | -€2,197 | -42.1% |
| Stocks | 30/36 | €5,222 | €3,025 | -€2,197 | -42.1% |
| Amounts receivable within one year | 40/41 | €103,399 | €74,465 | -€28,934 | -28.0% |
| Trade receivables | 40 | €44,190 | €56,811 | +€12,621 | +28.6% |
| Other amounts receivable | 41 | €59,209 | €17,654 | -€41,555 | -70.2% |
| Cash at bank and in hand | 54/58 | €68 | €0 | -€68 | -99.7% |
| Deferred charges and accrued income | 490/1 | €5,721 | €6,212 | +€491 | +8.6% |
| Total equity and liabilities | 10/49 | €117,049 | €83,702 | -€33,348 | -28.5% |
| Equity | 10/15 | -€20,523 | -€48,077 | -€27,554 | -134% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,359 | €1,859 | -€12,500 | -87.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | - | -€12,500 | |
| Profit (loss) carried forward | 14 | -€53,474 | -€68,528 | -€15,054 | -28.2% |
| Amounts payable | 17/49 | €137,572 | €131,779 | -€5,793 | -4.2% |
| Amounts payable after more than one year | 17 | €5,954 | - | -€5,954 | |
| Financial debts | 170/4 | €5,954 | - | -€5,954 | |
| Amounts payable within one year | 42/48 | €131,618 | €131,779 | +€160 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €8,493 | €5,954 | -€2,539 | -29.9% |
| Financial debts | 43 | €9,624 | €1,769 | -€7,854 | -81.6% |
| Credit institutions | 430/8 | €9,624 | €1,769 | -€7,854 | -81.6% |
| Trade debts | 44 | €64,656 | €83,914 | +€19,258 | +29.8% |
| Suppliers | 440/4 | €64,656 | €83,914 | +€19,258 | +29.8% |
| Taxes, remuneration and social security | 45 | €27,846 | €27,642 | -€204 | -0.7% |
| Taxes | 450/3 | €15,252 | €19,832 | +€4,581 | +30.0% |
| Remuneration and social security | 454/9 | €12,594 | €7,809 | -€4,785 | -38.0% |
| Other amounts payable | 47/48 | €21,000 | €12,500 | -€8,500 | -40.5% |
| Remuneration, social security and pensions | 62 | €39,473 | €46,621 | +€7,148 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,760 | €296 | -€1,464 | -83.2% |
| Other operating charges | 640/8 | €2,220 | €3,043 | +€823 | +37.1% |
| Non-recurring operating charges | 66A | €114 | €13,003 | +€12,889 | +11,311% |
| Gross operating margin | 9900 | -€7,995 | €53,208 | +€61,203 | |
| Operating profit (loss) | 9901 | -€51,562 | -€9,757 | +€41,806 | +81.1% |
| Financial income | 75/76B | €1,736 | €5 | -€1,731 | -99.7% |
| Recurring financial income | 75 | €13 | €5 | -€8 | -59.5% |
| Non-recurring financial income | 76B | €1,723 | - | -€1,723 | |
| Financial charges | 65/66B | €3,711 | €4,931 | +€1,221 | +32.9% |
| Recurring financial charges | 65 | €3,711 | €4,931 | +€1,221 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | -€53,537 | -€14,683 | +€38,855 | +72.6% |
| Income taxes | 67/77 | €250 | €371 | +€121 | +48.3% |
| Profit (loss) for the period | 9904 | -€53,788 | -€15,054 | +€38,734 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,788 | -€15,054 | +€38,734 | +72.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.