A.T.C. BEL: 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.C. BEL
Largest movements
- Stocks and contracts -€89,416
down €89,416 (-52.3%), from €171,068 to €81,652
- Tangible fixed assets -€75,979
down €75,979 (-95.4%), from €79,646 to €3,667
of which Furniture and vehicles: -€75,696
- Cash +€40,687
up €40,687 (+98.1%), from €41,456 to €82,143
mainly Stocks and contracts (+€89,416) and Investment in fixed assets (net) (+€62,606)
- Receivables within one year +€8,760
up €8,760 (+161%), from €5,428 to €14,189
of which Trade receivables: +€9,465
- Profit (loss) carried forward -€99,245
down €99,245 (-373%), from -€26,614 to -€125,859
- Current portion of long-term debt -€9,036
down €9,036 (-91.6%), from €9,866 to €831
- Trade debts -€8,705
down €8,705 (-3.3%), from €260,079 to €251,374
- Gross operating margin -€95,270
down €95,270, from €92,138 to -€3,132
- Depreciation -€19,764
down €19,764 (-59.6%), from €33,138 to €13,374
- Staff costs -€9,270
down €9,270 (-10.4%), from €88,735 to €79,465
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,134 | €185,843 | -€115,291 | -38.3% |
| Fixed assets | 21/28 | €79,806 | €3,827 | -€75,979 | -95.2% |
| Tangible fixed assets | 22/27 | €79,646 | €3,667 | -€75,979 | -95.4% |
| Land and buildings | 22 | €1,229 | €946 | -€283 | -23.0% |
| Furniture and vehicles | 24 | €78,417 | €2,721 | -€75,696 | -96.5% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €221,328 | €182,016 | -€39,312 | -17.8% |
| Stocks and contracts in progress | 3 | €171,068 | €81,652 | -€89,416 | -52.3% |
| Stocks | 30/36 | €171,068 | €81,652 | -€89,416 | -52.3% |
| Amounts receivable within one year | 40/41 | €5,428 | €14,189 | +€8,760 | +161% |
| Trade receivables | 40 | €3,499 | €12,964 | +€9,465 | +271% |
| Other amounts receivable | 41 | €1,929 | €1,224 | -€705 | -36.5% |
| Cash at bank and in hand | 54/58 | €41,456 | €82,143 | +€40,687 | +98.1% |
| Deferred charges and accrued income | 490/1 | €3,376 | €4,032 | +€657 | +19.4% |
| Total equity and liabilities | 10/49 | €301,134 | €185,843 | -€115,291 | -38.3% |
| Equity | 10/15 | -€6,616 | -€105,860 | -€99,245 | -1,500% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,798 | €13,798 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,071 | €1,071 | = | 0.0% |
| Other | 1319 | €1,071 | €1,071 | = | 0.0% |
| Distributable reserves | 133 | €12,727 | €12,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,614 | -€125,859 | -€99,245 | -373% |
| Amounts payable | 17/49 | €307,750 | €291,703 | -€16,046 | -5.2% |
| Amounts payable after more than one year | 17 | €831 | - | -€831 | |
| Financial debts | 170/4 | €831 | - | -€831 | |
| Amounts payable within one year | 42/48 | €306,919 | €289,703 | -€17,215 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €9,866 | €831 | -€9,036 | -91.6% |
| Trade debts | 44 | €260,079 | €251,374 | -€8,705 | -3.3% |
| Suppliers | 440/4 | €260,079 | €251,374 | -€8,705 | -3.3% |
| Advances received on contracts in progress | 46 | €19,817 | €19,817 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €17,156 | €16,857 | -€299 | -1.7% |
| Taxes | 450/3 | €3,522 | €1,256 | -€2,265 | -64.3% |
| Remuneration and social security | 454/9 | €13,634 | €15,601 | +€1,966 | +14.4% |
| Other amounts payable | 47/48 | - | €824 | +€824 | |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Non-recurring operating income | 76A | - | €14,695 | +€14,695 | |
| Remuneration, social security and pensions | 62 | €88,735 | €79,465 | -€9,270 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,138 | €13,374 | -€19,764 | -59.6% |
| Other operating charges | 640/8 | €2,263 | €1,765 | -€498 | -22.0% |
| Gross operating margin | 9900 | €92,138 | -€3,132 | -€95,270 | |
| Operating profit (loss) | 9901 | -€31,998 | -€97,736 | -€65,738 | -205% |
| Financial income | 75/76B | €458 | €10 | -€448 | -97.8% |
| Recurring financial income | 75 | €458 | €10 | -€448 | -97.8% |
| Financial charges | 65/66B | €1,349 | €1,163 | -€186 | -13.8% |
| Recurring financial charges | 65 | €1,349 | €1,013 | -€336 | -24.9% |
| Non-recurring financial charges | 66B | - | €150 | +€150 | |
| Profit (loss) for the period before taxes | 9903 | -€32,889 | -€98,889 | -€66,000 | -201% |
| Income taxes | 67/77 | €268 | €356 | +€88 | +32.7% |
| Profit (loss) for the period | 9904 | -€33,157 | -€99,245 | -€66,088 | -199% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,157 | -€99,245 | -€66,088 | -199% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.