A.T.C.: 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.T.C.
Largest movements
- Current investments +€112,051
up €112,051 (+18.6%), from €602,383 to €714,434
- Cash +€58,207
up €58,207 (+182.0%), from €31,975 to €90,182
mainly Net result for the year (+€193,429) and Depreciation (+€65,866)
- Reserves +€193,429
up €193,429 (+26.1%), from €742,408 to €935,837
- Debts after one year -€35,715
down €35,715 (-40.0%), from €89,286 to €53,571
- Tax, wage and social debts +€12,427
up €12,427 (+19.1%), from €65,108 to €77,535
of which Taxes: +€12,391
- Gross operating margin -€114,368
down €114,368 (-20.0%), from €573,030 to €458,662
- Taxes -€28,332
down €28,332 (-25.8%), from €109,762 to €81,430
- Financial income +€16,342
up €16,342 (+160.9%), from €10,155 to €26,497
- Depreciation -€12,334
down €12,334 (-15.8%), from €78,200 to €65,866
- Staff costs -€10,228
down €10,228 (-7.5%), from €135,635 to €125,407
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 | €983,190 | €1,162,882 | +€179,692 | +18.3% |
| Fixed assets | 21/28 | €312,803 | €320,022 | +€7,219 | +2.3% |
| Tangible fixed assets | 22/27 | €311,960 | €319,234 | +€7,274 | +2.3% |
| Land and buildings | 22 | €40,944 | €34,906 | -€6,038 | -14.7% |
| Plant, machinery and equipment | 23 | €256,040 | €219,854 | -€36,186 | -14.1% |
| Furniture and vehicles | 24 | €14,976 | €64,474 | +€49,498 | +330.5% |
| Financial fixed assets | 28 | €843 | €788 | -€55 | -6.5% |
| Current assets | 29/58 | €670,387 | €842,860 | +€172,473 | +25.7% |
| Stocks and contracts in progress | 3 | €14,877 | €17,108 | +€2,231 | +15.0% |
| Stocks | 30/36 | €14,877 | €17,108 | +€2,231 | +15.0% |
| Amounts receivable within one year | 40/41 | €13,512 | €14,613 | +€1,101 | +8.1% |
| Trade receivables | 40 | €10,221 | €5,049 | -€5,172 | -50.6% |
| Other amounts receivable | 41 | €3,291 | €9,564 | +€6,273 | +190.6% |
| Current investments | 50/53 | €602,383 | €714,434 | +€112,051 | +18.6% |
| Cash at bank and in hand | 54/58 | €31,975 | €90,182 | +€58,207 | +182.0% |
| Deferred charges and accrued income | 490/1 | €7,640 | €6,523 | -€1,117 | -14.6% |
| Total equity and liabilities | 10/49 | €983,190 | €1,162,882 | +€179,692 | +18.3% |
| Equity | 10/15 | €760,958 | €954,387 | +€193,429 | +25.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €742,408 | €935,837 | +€193,429 | +26.1% |
| Distributable reserves | 133 | €742,408 | €935,837 | +€193,429 | +26.1% |
| Amounts payable | 17/49 | €222,232 | €208,495 | -€13,737 | -6.2% |
| Amounts payable after more than one year | 17 | €89,286 | €53,571 | -€35,715 | -40.0% |
| Financial debts | 170/4 | €89,286 | €53,571 | -€35,715 | -40.0% |
| Amounts payable within one year | 42/48 | €132,946 | €154,924 | +€21,978 | +16.5% |
| Financial debts | 43 | €35,714 | €35,714 | = | 0.0% |
| Credit institutions | 430/8 | €35,714 | €35,714 | = | 0.0% |
| Trade debts | 44 | €19,958 | €24,647 | +€4,689 | +23.5% |
| Suppliers | 440/4 | €19,958 | €24,647 | +€4,689 | +23.5% |
| Taxes, remuneration and social security | 45 | €65,108 | €77,535 | +€12,427 | +19.1% |
| Taxes | 450/3 | €49,713 | €62,104 | +€12,391 | +24.9% |
| Remuneration and social security | 454/9 | €15,395 | €15,431 | +€36 | +0.2% |
| Other amounts payable | 47/48 | €12,166 | €17,028 | +€4,862 | +40.0% |
| Remuneration, social security and pensions | 62 | €135,635 | €125,407 | -€10,228 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,200 | €65,866 | -€12,334 | -15.8% |
| Other operating charges | 640/8 | €10,312 | €14,438 | +€4,126 | +40.0% |
| Gross operating margin | 9900 | €573,030 | €458,662 | -€114,368 | -20.0% |
| Operating profit (loss) | 9901 | €348,883 | €252,951 | -€95,932 | -27.5% |
| Financial income | 75/76B | €10,155 | €26,497 | +€16,342 | +160.9% |
| Recurring financial income | 75 | €10,155 | €26,497 | +€16,342 | +160.9% |
| Financial charges | 65/66B | €5,121 | €4,589 | -€532 | -10.4% |
| Recurring financial charges | 65 | €5,121 | €4,589 | -€532 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €353,917 | €274,859 | -€79,058 | -22.3% |
| Income taxes | 67/77 | €109,762 | €81,430 | -€28,332 | -25.8% |
| Profit (loss) for the period | 9904 | €244,155 | €193,429 | -€50,726 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €244,155 | €193,429 | -€50,726 | -20.8% |
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 9 October 2026 via checked.be.