A TATIN: 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 TATIN
Largest movements
- Cash -€88,583
down €88,583 (-89.7%), from €98,718 to €10,135
mainly Debts after one year (-€62,689) and Receivables within one year (-€61,446)
- Tangible fixed assets -€88,437
down €88,437 (-30.5%), from €290,052 to €201,614
- Receivables within one year +€61,446
up €61,446 (+37.0%), from €165,997 to €227,442
of which Other amounts receivable: +€59,068
- Debts after one year -€62,689
down €62,689 (-25.1%), from €249,489 to €186,800
- Short-term financial debts -€27,381
down €27,381 (-78.2%), from €35,000 to €7,619
- Tax, wage and social debts -€23,906
down €23,906 (-49.4%), from €48,409 to €24,503
of which Remuneration and social security: -€18,696
- Reserves +€17,526
up €17,526 (+6.4%), from €275,497 to €293,023
of which Distributable reserves: +€17,526
- Trade debts -€16,595
down €16,595 (-48.5%), from €34,201 to €17,606
- Gross operating margin -€271,898
down €271,898 (-53.7%), from €505,980 to €234,083
- Staff costs -€126,675
down €126,675 (-55.4%), from €228,790 to €102,115
- Taxes -€36,624
down €36,624 (-81.7%), from €44,852 to €8,228
- Financial charges -€11,693
down €11,693 (-52.9%), from €22,088 to €10,395
- Depreciation -€10,694
down €10,694 (-10.7%), from €100,109 to €89,415
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 | €761,024 | €639,041 | -€121,982 | -16.0% |
| Fixed assets | 21/28 | €294,333 | €205,895 | -€88,437 | -30.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €290,052 | €201,614 | -€88,437 | -30.5% |
| Land and buildings | 22 | €132,261 | €105,304 | -€26,957 | -20.4% |
| Plant, machinery and equipment | 23 | €113,123 | €85,657 | -€27,466 | -24.3% |
| Furniture and vehicles | 24 | €10,748 | €0 | -€10,748 | -100.0% |
| Leasing and similar rights | 25 | €5,003 | €0 | -€5,003 | -100.0% |
| Other tangible fixed assets | 26 | €28,916 | €10,653 | -€18,263 | -63.2% |
| Financial fixed assets | 28 | €4,281 | €4,281 | = | 0.0% |
| Current assets | 29/58 | €466,691 | €433,146 | -€33,545 | -7.2% |
| Amounts receivable after more than one year | 29 | €180,000 | €180,000 | = | 0.0% |
| Other amounts receivable | 291 | €180,000 | €180,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,830 | €6,754 | -€4,076 | -37.6% |
| Stocks | 30/36 | €10,830 | €6,754 | -€4,076 | -37.6% |
| Amounts receivable within one year | 40/41 | €165,997 | €227,442 | +€61,446 | +37.0% |
| Trade receivables | 40 | €11,728 | €14,106 | +€2,377 | +20.3% |
| Other amounts receivable | 41 | €154,268 | €213,336 | +€59,068 | +38.3% |
| Cash at bank and in hand | 54/58 | €98,718 | €10,135 | -€88,583 | -89.7% |
| Deferred charges and accrued income | 490/1 | €11,147 | €8,816 | -€2,331 | -20.9% |
| Total equity and liabilities | 10/49 | €761,024 | €639,041 | -€121,982 | -16.0% |
| Equity | 10/15 | €281,697 | €299,223 | +€17,526 | +6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €275,497 | €293,023 | +€17,526 | +6.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €275,497 | €293,023 | +€17,526 | +6.4% |
| Amounts payable | 17/49 | €479,326 | €339,818 | -€139,508 | -29.1% |
| Amounts payable after more than one year | 17 | €249,489 | €186,800 | -€62,689 | -25.1% |
| Financial debts | 170/4 | €249,489 | €186,800 | -€62,689 | -25.1% |
| Amounts payable within one year | 42/48 | €229,837 | €152,416 | -€77,421 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €72,227 | €62,689 | -€9,538 | -13.2% |
| Financial debts | 43 | €35,000 | €7,619 | -€27,381 | -78.2% |
| Credit institutions | 430/8 | €35,000 | €7,619 | -€27,381 | -78.2% |
| Trade debts | 44 | €34,201 | €17,606 | -€16,595 | -48.5% |
| Suppliers | 440/4 | €34,201 | €17,606 | -€16,595 | -48.5% |
| Taxes, remuneration and social security | 45 | €48,409 | €24,503 | -€23,906 | -49.4% |
| Taxes | 450/3 | €15,708 | €10,497 | -€5,211 | -33.2% |
| Remuneration and social security | 454/9 | €32,701 | €14,005 | -€18,696 | -57.2% |
| Other amounts payable | 47/48 | €40,000 | €40,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €602 | +€602 | |
| Non-recurring operating income | 76A | - | €16,784 | +€16,784 | |
| Remuneration, social security and pensions | 62 | €228,790 | €102,115 | -€126,675 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,109 | €89,415 | -€10,694 | -10.7% |
| Other operating charges | 640/8 | €5,607 | €6,509 | +€901 | +16.1% |
| Gross operating margin | 9900 | €505,980 | €234,083 | -€271,898 | -53.7% |
| Operating profit (loss) | 9901 | €171,474 | €36,043 | -€135,430 | -79.0% |
| Financial income | 75/76B | €655 | €106 | -€549 | -83.8% |
| Recurring financial income | 75 | €655 | €106 | -€549 | -83.8% |
| Financial charges | 65/66B | €22,088 | €10,395 | -€11,693 | -52.9% |
| Recurring financial charges | 65 | €22,088 | €10,395 | -€11,693 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €150,041 | €25,754 | -€124,287 | -82.8% |
| Income taxes | 67/77 | €44,852 | €8,228 | -€36,624 | -81.7% |
| Profit (loss) for the period | 9904 | €105,189 | €17,526 | -€87,663 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,189 | €17,526 | -€87,663 | -83.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.