A&T EFFICIENCY: 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 EFFICIENCY
Largest movements
- Receivables within one year +€39,916
up €39,916 (+109.9%), from €36,313 to €76,228
of which Trade receivables: +€36,364
- Tangible fixed assets -€12,993
down €12,993 (-31.1%), from €41,744 to €28,751
- Cash -€9,173
down €9,173 (-90.4%), from €10,142 to €970
mainly Receivables within one year (-€39,916) and Other debts (-€13,267)
- Financial fixed assets +€2,100
up €2,100 (+46.2%), from €4,550 to €6,650
- Profit (loss) carried forward +€24,627
up €24,627 (+145.2%), from €16,959 to €41,586
- Other debts -€13,267
down €13,267 (-56.0%), from €23,697 to €10,430
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Debts after one year -€11,174
down €11,174 (-65.9%), from €16,950 to €5,776
- Tax, wage and social debts +€8,804
up €8,804 (+40.3%), from €21,831 to €30,635
of which Remuneration and social security: +€7,927
- Staff costs +€51,803
new in 2025: €51,803
- Gross operating margin +€38,037
up €38,037 (+62.5%), from €60,817 to €98,854
- Taxes -€8,232
down €8,232 (-51.5%), from €15,979 to €7,748
- Depreciation +€5,165
up €5,165 (+66.0%), from €7,828 to €12,993
- Other operating charges -€4,635
down €4,635 (-88.7%), from €5,228 to €593
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 | €99,338 | €118,229 | +€18,891 | +19.0% |
| Fixed assets | 21/28 | €46,294 | €35,401 | -€10,893 | -23.5% |
| Tangible fixed assets | 22/27 | €41,744 | €28,751 | -€12,993 | -31.1% |
| Furniture and vehicles | 24 | €41,744 | €28,751 | -€12,993 | -31.1% |
| Financial fixed assets | 28 | €4,550 | €6,650 | +€2,100 | +46.2% |
| Current assets | 29/58 | €53,044 | €82,829 | +€29,785 | +56.2% |
| Amounts receivable within one year | 40/41 | €36,313 | €76,228 | +€39,916 | +109.9% |
| Trade receivables | 40 | €36,292 | €72,655 | +€36,364 | +100.2% |
| Other amounts receivable | 41 | €21 | €3,573 | +€3,552 | +16930.1% |
| Cash at bank and in hand | 54/58 | €10,142 | €970 | -€9,173 | -90.4% |
| Deferred charges and accrued income | 490/1 | €6,589 | €5,631 | -€958 | -14.5% |
| Total equity and liabilities | 10/49 | €99,338 | €118,229 | +€18,891 | +19.0% |
| Equity | 10/15 | €23,159 | €60,186 | +€37,027 | +159.9% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Profit (loss) carried forward | 14 | €16,959 | €41,586 | +€24,627 | +145.2% |
| Amounts payable | 17/49 | €76,179 | €58,043 | -€18,136 | -23.8% |
| Amounts payable after more than one year | 17 | €16,950 | €5,776 | -€11,174 | -65.9% |
| Financial debts | 170/4 | €16,950 | €5,776 | -€11,174 | -65.9% |
| Amounts payable within one year | 42/48 | €59,229 | €52,238 | -€6,991 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €12,193 | €11,174 | -€1,019 | -8.4% |
| Trade debts | 44 | €1,509 | - | -€1,509 | |
| Suppliers | 440/4 | €1,509 | - | -€1,509 | |
| Taxes, remuneration and social security | 45 | €21,831 | €30,635 | +€8,804 | +40.3% |
| Taxes | 450/3 | €21,831 | €22,708 | +€876 | +4.0% |
| Remuneration and social security | 454/9 | - | €7,927 | +€7,927 | |
| Other amounts payable | 47/48 | €23,697 | €10,430 | -€13,267 | -56.0% |
| Accrued charges and deferred income | 492/3 | - | €29 | +€29 | |
| Remuneration, social security and pensions | 62 | - | €51,803 | +€51,803 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,828 | €12,993 | +€5,165 | +66.0% |
| Other operating charges | 640/8 | €5,228 | €593 | -€4,635 | -88.7% |
| Gross operating margin | 9900 | €60,817 | €98,854 | +€38,037 | +62.5% |
| Operating profit (loss) | 9901 | €47,761 | €33,465 | -€14,296 | -29.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €904 | €1,091 | +€187 | +20.7% |
| Recurring financial charges | 65 | €904 | €1,091 | +€187 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €46,857 | €32,375 | -€14,482 | -30.9% |
| Income taxes | 67/77 | €15,979 | €7,748 | -€8,232 | -51.5% |
| Profit (loss) for the period | 9904 | €30,877 | €24,627 | -€6,250 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,877 | €24,627 | -€6,250 | -20.2% |
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 10 October 2026 via checked.be.