A.T.J.: 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.J.
Largest movements
- Cash +€507,404
up €507,404 (+530.2%), from €95,704 to €603,108
mainly Net result for the year (+€488,886) and Investment in fixed assets (net) (+€176,674)
- Financial fixed assets -€176,674
down €176,674 (-49.9%), from €353,766 to €177,093
- Receivables within one year +€11,665
new in 2025: €11,665
- Reserves +€331,758
up €331,758 (+218.2%), from €152,034 to €483,791
- Revaluation surpluses -€83,326
down €83,326 (-49.8%), from €167,274 to €83,948
- Other debts +€72,423
up €72,423 (+684.5%), from €10,580 to €83,003
- Profit (loss) carried forward +€38,886
new in 2025: €38,886
- Tax, wage and social debts +€37,574
up €37,574 (+98.6%), from €38,099 to €75,674
- Financial income +€349,728
up €349,728 (+844.2%), from €41,426 to €391,154
of which Non-recurring financial income: +€358,874
- Financial charges -€65,682
down €65,682 (-95.3%), from €68,930 to €3,248
of which Non-recurring financial charges: -€64,178
- Taxes +€38,167
up €38,167 (+72.6%), from €52,566 to €90,733
- Depreciation -€4,632
down €4,632 (-41.6%), from €11,147 to €6,515
- Gross operating margin +€4,430
up €4,430 (+2.3%), from €196,476 to €200,906
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 | €568,123 | €904,979 | +€336,856 | +59.3% |
| Fixed assets | 21/28 | €467,596 | €284,407 | -€183,189 | -39.2% |
| Tangible fixed assets | 22/27 | €113,830 | €107,314 | -€6,515 | -5.7% |
| Land and buildings | 22 | €109,423 | €106,729 | -€2,694 | -2.5% |
| Furniture and vehicles | 24 | €4,407 | €585 | -€3,822 | -86.7% |
| Financial fixed assets | 28 | €353,766 | €177,093 | -€176,674 | -49.9% |
| Current assets | 29/58 | €100,527 | €620,572 | +€520,045 | +517.3% |
| Amounts receivable within one year | 40/41 | - | €11,665 | +€11,665 | |
| Trade receivables | 40 | - | €11,665 | +€11,665 | |
| Cash at bank and in hand | 54/58 | €95,704 | €603,108 | +€507,404 | +530.2% |
| Deferred charges and accrued income | 490/1 | €4,823 | €5,799 | +€976 | +20.2% |
| Total equity and liabilities | 10/49 | €568,123 | €904,979 | +€336,856 | +59.3% |
| Equity | 10/15 | €319,308 | €606,626 | +€287,318 | +90.0% |
| Revaluation surpluses | 12 | €167,274 | €83,948 | -€83,326 | -49.8% |
| Reserves | 13 | €152,034 | €483,791 | +€331,758 | +218.2% |
| Distributable reserves | 133 | €152,034 | €483,791 | +€331,758 | +218.2% |
| Profit (loss) carried forward | 14 | - | €38,886 | +€38,886 | |
| Provisions and deferred taxes | 16 | €90,650 | €90,650 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €90,650 | €90,650 | = | 0.0% |
| Pensions and similar obligations | 160 | €90,650 | €90,650 | = | 0.0% |
| Amounts payable | 17/49 | €158,165 | €207,703 | +€49,538 | +31.3% |
| Amounts payable after more than one year | 17 | €59,881 | €23,327 | -€36,554 | -61.0% |
| Financial debts | 170/4 | €34,881 | €13,952 | -€20,929 | -60.0% |
| Other amounts payable | 178/9 | €25,000 | €9,375 | -€15,625 | -62.5% |
| Amounts payable within one year | 42/48 | €96,660 | €182,990 | +€86,330 | +89.3% |
| Current portion of amounts payable after more than one year | 42 | €40,025 | €20,929 | -€19,096 | -47.7% |
| Trade debts | 44 | €7,956 | €3,384 | -€4,571 | -57.5% |
| Suppliers | 440/4 | €7,956 | €3,384 | -€4,571 | -57.5% |
| Taxes, remuneration and social security | 45 | €38,099 | €75,674 | +€37,574 | +98.6% |
| Taxes | 450/3 | €38,099 | €75,674 | +€37,574 | +98.6% |
| Other amounts payable | 47/48 | €10,580 | €83,003 | +€72,423 | +684.5% |
| Accrued charges and deferred income | 492/3 | €1,624 | €1,386 | -€238 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,147 | €6,515 | -€4,632 | -41.6% |
| Other operating charges | 640/8 | €1,467 | €2,678 | +€1,211 | +82.6% |
| Gross operating margin | 9900 | €196,476 | €200,906 | +€4,430 | +2.3% |
| Operating profit (loss) | 9901 | €183,861 | €191,712 | +€7,851 | +4.3% |
| Financial income | 75/76B | €41,426 | €391,154 | +€349,728 | +844.2% |
| Recurring financial income | 75 | €41,426 | €32,280 | -€9,146 | -22.1% |
| Non-recurring financial income | 76B | - | €358,874 | +€358,874 | |
| Financial charges | 65/66B | €68,930 | €3,248 | -€65,682 | -95.3% |
| Recurring financial charges | 65 | €4,752 | €3,248 | -€1,505 | -31.7% |
| Non-recurring financial charges | 66B | €64,178 | €0 | -€64,178 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €156,357 | €579,619 | +€423,262 | +270.7% |
| Income taxes | 67/77 | €52,566 | €90,733 | +€38,167 | +72.6% |
| Profit (loss) for the period | 9904 | €103,791 | €488,886 | +€385,095 | +371.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,791 | €488,886 | +€385,095 | +371.0% |
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 7 October 2026 via checked.be.