AT: 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.
AT
Largest movements
- Cash +€320,213
up €320,213 (+845%), from €37,886 to €358,099
mainly Other debts (+€281,100) and Receivables within one year (+€37,334)
- Receivables within one year -€37,334
down €37,334 (-4.0%), from €937,334 to €900,000
- Tangible fixed assets -€25,829
down €25,829 (-85.1%), from €30,366 to €4,537
of which Plant, machinery and equipment: -€20,782
- Reserves -€579,110
down €579,110 (-99.7%), from €580,965 to €1,855
of which Distributable reserves: -€580,965
- Profit (loss) carried forward +€575,956
new in 2025: €575,956
- Other debts +€281,100
up €281,100 (+186%), from €151,410 to €432,510
- Tax, wage and social debts -€13,239
down €13,239 (-33.9%), from €39,049 to €25,810
- Write-downs +€45,000
new in 2025: €45,000
- Financial charges -€14,084
down €14,084 (-99.3%), from €14,187 to €103
- Gross operating margin -€1,385
down €1,385 (-8.7%), from €15,825 to €14,440
- Taxes -€850
no longer reported in 2025 (was €850)
- Other operating charges +€217
up €217 (+48.8%), from €445 to €661
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 | €1,005,587 | €1,262,637 | +€257,050 | +25.6% |
| Fixed assets | 21/28 | €30,366 | €4,537 | -€25,829 | -85.1% |
| Tangible fixed assets | 22/27 | €30,366 | €4,537 | -€25,829 | -85.1% |
| Plant, machinery and equipment | 23 | €25,320 | €4,537 | -€20,782 | -82.1% |
| Furniture and vehicles | 24 | €5,046 | - | -€5,046 | |
| Current assets | 29/58 | €975,221 | €1,258,099 | +€282,879 | +29.0% |
| Amounts receivable within one year | 40/41 | €937,334 | €900,000 | -€37,334 | -4.0% |
| Other amounts receivable | 41 | €937,334 | €900,000 | -€37,334 | -4.0% |
| Cash at bank and in hand | 54/58 | €37,886 | €358,099 | +€320,213 | +845% |
| Total equity and liabilities | 10/49 | €1,005,587 | €1,262,637 | +€257,050 | +25.6% |
| Equity | 10/15 | €599,515 | €596,361 | -€3,153 | -0.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €580,965 | €1,855 | -€579,110 | -99.7% |
| Non-distributable reserves | 130/1 | - | €1,855 | +€1,855 | |
| Reserves not available under the articles | 1311 | - | €1,855 | +€1,855 | |
| Distributable reserves | 133 | €580,965 | - | -€580,965 | |
| Profit (loss) carried forward | 14 | - | €575,956 | +€575,956 | |
| Amounts payable | 17/49 | €406,072 | €666,275 | +€260,203 | +64.1% |
| Amounts payable within one year | 42/48 | €405,696 | €666,275 | +€260,579 | +64.2% |
| Trade debts | 44 | €215,237 | €207,955 | -€7,282 | -3.4% |
| Suppliers | 440/4 | €215,237 | €207,955 | -€7,282 | -3.4% |
| Taxes, remuneration and social security | 45 | €39,049 | €25,810 | -€13,239 | -33.9% |
| Taxes | 450/3 | €39,049 | €25,810 | -€13,239 | -33.9% |
| Other amounts payable | 47/48 | €151,410 | €432,510 | +€281,100 | +186% |
| Accrued charges and deferred income | 492/3 | €376 | - | -€376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,828 | €25,829 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €45,000 | +€45,000 | |
| Other operating charges | 640/8 | €445 | €661 | +€217 | +48.8% |
| Gross operating margin | 9900 | €15,825 | €14,440 | -€1,385 | -8.7% |
| Operating profit (loss) | 9901 | -€10,448 | -€57,050 | -€46,602 | -446% |
| Financial income | 75/76B | €54,000 | €54,000 | -€0 | 0.0% |
| Recurring financial income | 75 | €54,000 | €54,000 | -€0 | 0.0% |
| Financial charges | 65/66B | €14,187 | €103 | -€14,084 | -99.3% |
| Recurring financial charges | 65 | €14,187 | €103 | -€14,084 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €29,365 | -€3,153 | -€32,518 | |
| Income taxes | 67/77 | €850 | - | -€850 | |
| Profit (loss) for the period | 9904 | €28,515 | -€3,153 | -€31,668 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,515 | -€3,153 | -€31,668 |
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.