A.T.E.: 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.E.
Largest movements
- Tangible fixed assets -€1.4m
no longer reported in 2025 (was €1.4m)
of which Land and buildings: -€1.3m
- Financial fixed assets +€279,499
up €279,499 (+135%), from €207,772 to €487,271
- Deferred charges and accrued income -€247,228
no longer reported in 2025 (was €247,228)
- Cash -€46,954
down €46,954 (-81.3%), from €57,763 to €10,810
mainly Debts after one year (-€1.5m) and Other debts (-€1.1m)
- Debts after one year -€1.5m
no longer reported in 2025 (was €1.5m)
- Profit (loss) carried forward +€1.5m
up €1.5m, from -€734,972 to €776,722
- Other debts -€1.1m
no longer reported in 2025 (was €1.1m)
- Trade debts -€472,746
down €472,746 (-99.3%), from €476,209 to €3,464
- Tax, wage and social debts +€313,500
new in 2025: €313,500
- Gross operating margin +€1.9m
up €1.9m (+1,934%), from €99,967 to €2.0m
- Taxes +€310,397
up €310,397 (+11,848%), from €2,620 to €313,017
- Depreciation -€205,364
no longer reported in 2025 (was €205,364)
- Financial charges +€60,923
up €60,923 (+77.0%), from €79,082 to €140,005
- Other operating charges -€44,244
down €44,244 (-39.0%), from €113,345 to €69,101
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 | €2,571,929 | €1,183,237 | -€1.4m | -54.0% |
| Fixed assets | 21/28 | €1,593,258 | €487,271 | -€1.1m | -69.4% |
| Tangible fixed assets | 22/27 | €1,385,487 | - | -€1.4m | |
| Land and buildings | 22 | €1,251,474 | - | -€1.3m | |
| Plant, machinery and equipment | 23 | €70,131 | - | -€70,131 | |
| Furniture and vehicles | 24 | €63,881 | - | -€63,881 | |
| Financial fixed assets | 28 | €207,772 | €487,271 | +€279,499 | +135% |
| Current assets | 29/58 | €978,670 | €695,967 | -€282,704 | -28.9% |
| Amounts receivable within one year | 40/41 | €673,679 | €685,157 | +€11,478 | +1.7% |
| Trade receivables | 40 | €624,664 | €119,416 | -€505,248 | -80.9% |
| Other amounts receivable | 41 | €49,016 | €565,741 | +€516,726 | +1,054% |
| Cash at bank and in hand | 54/58 | €57,763 | €10,810 | -€46,954 | -81.3% |
| Deferred charges and accrued income | 490/1 | €247,228 | - | -€247,228 | |
| Total equity and liabilities | 10/49 | €2,571,929 | €1,183,237 | -€1.4m | -54.0% |
| Equity | 10/15 | -€714,521 | €797,173 | +€1.5m | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€734,972 | €776,722 | +€1.5m | |
| Amounts payable | 17/49 | €3,286,449 | €386,065 | -€2.9m | -88.3% |
| Amounts payable after more than one year | 17 | €1,547,374 | - | -€1.5m | |
| Financial debts | 170/4 | €1,547,374 | - | -€1.5m | |
| Amounts payable within one year | 42/48 | €1,739,076 | €316,964 | -€1.4m | -81.8% |
| Current portion of amounts payable after more than one year | 42 | €136,033 | - | -€136,033 | |
| Trade debts | 44 | €476,209 | €3,464 | -€472,746 | -99.3% |
| Suppliers | 440/4 | €476,209 | €3,464 | -€472,746 | -99.3% |
| Taxes, remuneration and social security | 45 | - | €313,500 | +€313,500 | |
| Taxes | 450/3 | - | €313,500 | +€313,500 | |
| Other amounts payable | 47/48 | €1,126,834 | - | -€1.1m | |
| Accrued charges and deferred income | 492/3 | - | €69,101 | +€69,101 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,364 | - | -€205,364 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €86 | +€86 | |
| Other operating charges | 640/8 | €113,345 | €69,101 | -€44,244 | -39.0% |
| Gross operating margin | 9900 | €99,967 | €2,033,402 | +€1.9m | +1,934% |
| Operating profit (loss) | 9901 | -€218,742 | €1,964,214 | +€2.2m | |
| Financial income | 75/76B | - | €501 | +€501 | |
| Recurring financial income | 75 | - | €501 | +€501 | |
| Financial charges | 65/66B | €79,082 | €140,005 | +€60,923 | +77.0% |
| Recurring financial charges | 65 | €79,082 | €140,005 | +€60,923 | +77.0% |
| Profit (loss) for the period before taxes | 9903 | -€297,824 | €1,824,710 | +€2.1m | |
| Income taxes | 67/77 | €2,620 | €313,017 | +€310,397 | +11,848% |
| Profit (loss) for the period | 9904 | -€300,443 | €1,511,693 | +€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€300,443 | €1,511,693 | +€1.8m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.