A.T.T.: 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.T.
Largest movements
- Cash -€73,252
down €73,252 (-82.5%), from €88,762 to €15,510
mainly Net result for the year (-€54,973) and Other debts (-€31,972)
- Tangible fixed assets +€10,965
up €10,965 (+22.3%), from €49,162 to €60,127
of which Other tangible fixed assets: +€7,556
- Stocks and contracts +€7,608
up €7,608 (+2.9%), from €262,769 to €270,377
- Trade debts +€47,414
up €47,414 (+149%), from €31,900 to €79,314
- Reserves -€40,464
no longer reported in 2025 (was €40,464)
of which Distributable reserves: -€37,224
- Other debts -€31,972
down €31,972 (-25.6%), from €124,809 to €92,837
- Profit (loss) carried forward -€14,509
new in 2025: -€14,509
- Tax, wage and social debts -€10,078
down €10,078 (-38.0%), from €26,493 to €16,416
of which Taxes: -€8,411
- Gross operating margin -€44,027
down €44,027 (-63.2%), from €69,710 to €25,683
- Staff costs +€17,320
up €17,320 (+39.1%), from €44,250 to €61,570
- Taxes -€2,167
no longer reported in 2025 (was €2,167)
- Depreciation +€840
up €840 (+6.7%), from €12,625 to €13,465
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 | €406,067 | €356,458 | -€49,609 | -12.2% |
| Fixed assets | 21/28 | €49,256 | €60,221 | +€10,965 | +22.3% |
| Tangible fixed assets | 22/27 | €49,162 | €60,127 | +€10,965 | +22.3% |
| Plant, machinery and equipment | 23 | €24,566 | €27,721 | +€3,155 | +12.8% |
| Furniture and vehicles | 24 | €60 | €315 | +€255 | +421% |
| Other tangible fixed assets | 26 | €24,535 | €32,091 | +€7,556 | +30.8% |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €356,811 | €296,238 | -€60,574 | -17.0% |
| Stocks and contracts in progress | 3 | €262,769 | €270,377 | +€7,608 | +2.9% |
| Stocks | 30/36 | €262,769 | €270,377 | +€7,608 | +2.9% |
| Amounts receivable within one year | 40/41 | €5,281 | €7,888 | +€2,607 | +49.4% |
| Trade receivables | 40 | €5,281 | €7,888 | +€2,607 | +49.4% |
| Cash at bank and in hand | 54/58 | €88,762 | €15,510 | -€73,252 | -82.5% |
| Deferred charges and accrued income | 490/1 | - | €2,463 | +€2,463 | |
| Total equity and liabilities | 10/49 | €406,067 | €356,458 | -€49,609 | -12.2% |
| Equity | 10/15 | €72,864 | €17,891 | -€54,973 | -75.4% |
| Contributions | 10/11 | €32,400 | €32,400 | = | 0.0% |
| Reserves | 13 | €40,464 | - | -€40,464 | |
| Non-distributable reserves | 130/1 | €3,240 | - | -€3,240 | |
| Reserves not available under the articles | 1311 | €3,240 | - | -€3,240 | |
| Distributable reserves | 133 | €37,224 | - | -€37,224 | |
| Profit (loss) carried forward | 14 | - | -€14,509 | -€14,509 | |
| Amounts payable | 17/49 | €333,203 | €338,567 | +€5,364 | +1.6% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €183,203 | €188,567 | +€5,364 | +2.9% |
| Trade debts | 44 | €31,900 | €79,314 | +€47,414 | +149% |
| Suppliers | 440/4 | €31,900 | €79,314 | +€47,414 | +149% |
| Taxes, remuneration and social security | 45 | €26,493 | €16,416 | -€10,078 | -38.0% |
| Taxes | 450/3 | €18,139 | €9,728 | -€8,411 | -46.4% |
| Remuneration and social security | 454/9 | €8,354 | €6,688 | -€1,666 | -19.9% |
| Other amounts payable | 47/48 | €124,809 | €92,837 | -€31,972 | -25.6% |
| Remuneration, social security and pensions | 62 | €44,250 | €61,570 | +€17,320 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,625 | €13,465 | +€840 | +6.7% |
| Other operating charges | 640/8 | €3,781 | €4,159 | +€378 | +10.0% |
| Gross operating margin | 9900 | €69,710 | €25,683 | -€44,027 | -63.2% |
| Operating profit (loss) | 9901 | €9,054 | -€53,511 | -€62,565 | |
| Financial income | 75/76B | €11 | €287 | +€276 | +2,534% |
| Recurring financial income | 75 | €11 | €287 | +€276 | +2,534% |
| Financial charges | 65/66B | €2,380 | €1,748 | -€631 | -26.5% |
| Recurring financial charges | 65 | €2,380 | €1,748 | -€631 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €6,685 | -€54,973 | -€61,658 | |
| Income taxes | 67/77 | €2,167 | - | -€2,167 | |
| Profit (loss) for the period | 9904 | €4,519 | -€54,973 | -€59,492 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,519 | -€54,973 | -€59,492 |
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.