A.T. PROJECTS: 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. PROJECTS
Largest movements
- Cash +€25,011
up €25,011 (+35.1%), from €71,193 to €96,204
mainly Depreciation (+€15,366) and Net result for the year (+€13,845)
- Tangible fixed assets -€15,366
down €15,366 (-4.6%), from €333,911 to €318,545
- Reserves +€13,500
new in 2025: €13,500
- Tax, wage and social debts +€5,144
up €5,144 (+509.3%), from €1,010 to €6,154
- Gross operating margin +€10,710
up €10,710 (+28.1%), from €38,074 to €48,784
- Taxes +€4,037
up €4,037 (+160.8%), from €2,510 to €6,547
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 | €417,884 | €430,801 | +€12,917 | +3.1% |
| Fixed assets | 21/28 | €333,911 | €318,545 | -€15,366 | -4.6% |
| Tangible fixed assets | 22/27 | €333,911 | €318,545 | -€15,366 | -4.6% |
| Land and buildings | 22 | €333,911 | €318,545 | -€15,366 | -4.6% |
| Current assets | 29/58 | €83,973 | €112,256 | +€28,283 | +33.7% |
| Amounts receivable within one year | 40/41 | €12,606 | €15,878 | +€3,272 | +26.0% |
| Trade receivables | 40 | €12,606 | €15,878 | +€3,272 | +26.0% |
| Current investments | 50/53 | €174 | €174 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €71,193 | €96,204 | +€25,011 | +35.1% |
| Total equity and liabilities | 10/49 | €417,884 | €430,801 | +€12,917 | +3.1% |
| Equity | 10/15 | €223,596 | €237,441 | +€13,845 | +6.2% |
| Contributions | 10/11 | €197,282 | €197,282 | = | 0.0% |
| Reserves | 13 | - | €13,500 | +€13,500 | |
| Tax-exempt reserves | 132 | - | €13,500 | +€13,500 | |
| Profit (loss) carried forward | 14 | €26,314 | €26,659 | +€345 | +1.3% |
| Amounts payable | 17/49 | €194,288 | €193,360 | -€928 | -0.5% |
| Amounts payable after more than one year | 17 | €180,000 | €180,000 | = | 0.0% |
| Financial debts | 170/4 | €180,000 | €180,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,513 | €13,360 | -€153 | -1.1% |
| Trade debts | 44 | €3,197 | €1,006 | -€2,191 | -68.5% |
| Suppliers | 440/4 | €3,197 | €1,006 | -€2,191 | -68.5% |
| Taxes, remuneration and social security | 45 | €1,010 | €6,154 | +€5,144 | +509.3% |
| Taxes | 450/3 | €1,010 | €6,154 | +€5,144 | +509.3% |
| Other amounts payable | 47/48 | €9,306 | €6,200 | -€3,106 | -33.4% |
| Accrued charges and deferred income | 492/3 | €775 | - | -€775 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,366 | €15,366 | = | 0.0% |
| Other operating charges | 640/8 | €5,427 | €5,668 | +€241 | +4.4% |
| Gross operating margin | 9900 | €38,074 | €48,784 | +€10,710 | +28.1% |
| Operating profit (loss) | 9901 | €17,281 | €27,750 | +€10,469 | +60.6% |
| Financial charges | 65/66B | €7,345 | €7,358 | +€13 | +0.2% |
| Recurring financial charges | 65 | €7,345 | €7,358 | +€13 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €9,936 | €20,392 | +€10,456 | +105.2% |
| Income taxes | 67/77 | €2,510 | €6,547 | +€4,037 | +160.8% |
| Profit (loss) for the period | 9904 | €7,426 | €13,845 | +€6,419 | +86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,426 | €13,845 | +€6,419 | +86.4% |
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 9 October 2026 via checked.be.