AATWO: 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.
AATWO
Largest movements
- Receivables within one year -€109,259
down €109,259 (-75.3%), from €145,059 to €35,800
of which Other amounts receivable: -€109,256
- Cash +€93,736
up €93,736 (+26050.1%), from €360 to €94,096
mainly Receivables within one year (+€109,259) and Net result for the year (+€50,601)
- Stocks and contracts +€75,945
up €75,945 (+125.4%), from €60,550 to €136,495
- Deferred charges and accrued income +€4,261
up €4,261 (+381.4%), from €1,117 to €5,378
- Profit (loss) carried forward +€50,601
up €50,601 (+123.7%), from €40,890 to €91,491
- Other debts -€19,811
down €19,811 (-44.2%), from €44,803 to €24,992
- Trade debts +€16,316
up €16,316 (+28.5%), from €57,150 to €73,466
- Tax, wage and social debts +€15,549
up €15,549 (+125.0%), from €12,437 to €27,986
- Gross operating margin +€19,681
up €19,681 (+34.6%), from €56,958 to €76,639
- Financial charges +€3,225
up €3,225 (+152.6%), from €2,113 to €5,338
- Taxes +€2,982
up €2,982 (+26.1%), from €11,444 to €14,426
- Depreciation +€1,634
up €1,634 (+96.1%), from €1,700 to €3,334
- Other operating charges +€1,290
up €1,290 (+77.8%), from €1,658 to €2,947
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 | €238,280 | €300,936 | +€62,656 | +26.3% |
| Fixed assets | 21/28 | €31,194 | €29,167 | -€2,027 | -6.5% |
| Tangible fixed assets | 22/27 | €31,194 | €29,167 | -€2,027 | -6.5% |
| Plant, machinery and equipment | 23 | €891 | €690 | -€200 | -22.5% |
| Furniture and vehicles | 24 | - | €1,363 | +€1,363 | |
| Other tangible fixed assets | 26 | €30,304 | €27,115 | -€3,189 | -10.5% |
| Current assets | 29/58 | €207,086 | €271,769 | +€64,683 | +31.2% |
| Stocks and contracts in progress | 3 | €60,550 | €136,495 | +€75,945 | +125.4% |
| Stocks | 30/36 | €60,550 | €136,495 | +€75,945 | +125.4% |
| Amounts receivable within one year | 40/41 | €145,059 | €35,800 | -€109,259 | -75.3% |
| Trade receivables | 40 | €35,803 | €35,800 | -€3 | 0.0% |
| Other amounts receivable | 41 | €109,256 | - | -€109,256 | |
| Cash at bank and in hand | 54/58 | €360 | €94,096 | +€93,736 | +26050.1% |
| Deferred charges and accrued income | 490/1 | €1,117 | €5,378 | +€4,261 | +381.4% |
| Total equity and liabilities | 10/49 | €238,280 | €300,936 | +€62,656 | +26.3% |
| Equity | 10/15 | €43,890 | €94,491 | +€50,601 | +115.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,890 | €91,491 | +€50,601 | +123.7% |
| Amounts payable | 17/49 | €194,390 | €206,444 | +€12,054 | +6.2% |
| Amounts payable within one year | 42/48 | €194,390 | €206,444 | +€12,054 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €57,150 | €73,466 | +€16,316 | +28.5% |
| Suppliers | 440/4 | €57,150 | €73,466 | +€16,316 | +28.5% |
| Taxes, remuneration and social security | 45 | €12,437 | €27,986 | +€15,549 | +125.0% |
| Taxes | 450/3 | €12,437 | €27,986 | +€15,549 | +125.0% |
| Other amounts payable | 47/48 | €44,803 | €24,992 | -€19,811 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €3,334 | +€1,634 | +96.1% |
| Other operating charges | 640/8 | €1,658 | €2,947 | +€1,290 | +77.8% |
| Gross operating margin | 9900 | €56,958 | €76,639 | +€19,681 | +34.6% |
| Operating profit (loss) | 9901 | €53,600 | €70,358 | +€16,757 | +31.3% |
| Financial income | 75/76B | €847 | €8 | -€839 | -99.1% |
| Recurring financial income | 75 | €847 | €8 | -€839 | -99.1% |
| Financial charges | 65/66B | €2,113 | €5,338 | +€3,225 | +152.6% |
| Recurring financial charges | 65 | €2,113 | €5,338 | +€3,225 | +152.6% |
| Profit (loss) for the period before taxes | 9903 | €52,334 | €65,027 | +€12,693 | +24.3% |
| Income taxes | 67/77 | €11,444 | €14,426 | +€2,982 | +26.1% |
| Profit (loss) for the period | 9904 | €40,890 | €50,601 | +€9,711 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,890 | €50,601 | +€9,711 | +23.7% |
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 5 October 2026 via checked.be.