AT-FIRST Group: 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-FIRST Group
Largest movements
- Cash +€64,332
up €64,332 (+98.0%), from €65,638 to €129,969
mainly Net result for the year (+€85,504) and Tax, wage and social debts (+€12,664)
- Receivables within one year +€33,538
up €33,538 (+40.4%), from €82,934 to €116,472
of which Trade receivables: +€24,500
- Profit (loss) carried forward +€85,504
up €85,504 (+93.5%), from €91,459 to €176,963
- Tax, wage and social debts +€12,664
up €12,664 (+78.7%), from €16,094 to €28,757
of which Remuneration and social security: +€14,882
- Current portion of long-term debt -€2,635
no longer reported in 2025 (was €2,635)
- Gross operating margin +€86,783
up €86,783 (+114%), from €76,336 to €163,119
- Taxes +€8,138
up €8,138 (+46.5%), from €17,505 to €25,643
- Staff costs +€7,875
up €7,875 (+20.0%), from €39,359 to €47,234
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 | €152,620 | €249,287 | +€96,668 | +63.3% |
| Fixed assets | 21/28 | €4,048 | €2,846 | -€1,202 | -29.7% |
| Tangible fixed assets | 22/27 | €4,048 | €2,846 | -€1,202 | -29.7% |
| Furniture and vehicles | 24 | - | €2,846 | +€2,846 | |
| Leasing and similar rights | 25 | €4,048 | €0 | -€4,048 | -100% |
| Current assets | 29/58 | €148,572 | €246,441 | +€97,870 | +65.9% |
| Amounts receivable within one year | 40/41 | €82,934 | €116,472 | +€33,538 | +40.4% |
| Trade receivables | 40 | €997 | €25,497 | +€24,500 | +2,459% |
| Other amounts receivable | 41 | €81,938 | €90,976 | +€9,038 | +11.0% |
| Cash at bank and in hand | 54/58 | €65,638 | €129,969 | +€64,332 | +98.0% |
| Total equity and liabilities | 10/49 | €152,620 | €249,287 | +€96,668 | +63.3% |
| Equity | 10/15 | €94,102 | €179,606 | +€85,504 | +90.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €643 | €643 | = | 0.0% |
| Non-distributable reserves | 130/1 | €643 | €643 | = | 0.0% |
| Reserves not available under the articles | 1311 | €643 | €643 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,459 | €176,963 | +€85,504 | +93.5% |
| Amounts payable | 17/49 | €58,518 | €69,682 | +€11,164 | +19.1% |
| Amounts payable within one year | 42/48 | €58,518 | €69,682 | +€11,164 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €2,635 | - | -€2,635 | |
| Trade debts | 44 | €1,539 | €2,674 | +€1,136 | +73.8% |
| Suppliers | 440/4 | €1,539 | €2,674 | +€1,136 | +73.8% |
| Taxes, remuneration and social security | 45 | €16,094 | €28,757 | +€12,664 | +78.7% |
| Taxes | 450/3 | €5,569 | €3,351 | -€2,219 | -39.8% |
| Remuneration and social security | 454/9 | €10,524 | €25,407 | +€14,882 | +141% |
| Other amounts payable | 47/48 | €38,250 | €38,250 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €39,359 | €47,234 | +€7,875 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,048 | €4,557 | +€509 | +12.6% |
| Gross operating margin | 9900 | €76,336 | €163,119 | +€86,783 | +114% |
| Operating profit (loss) | 9901 | €32,929 | €111,329 | +€78,400 | +238% |
| Financial income | 75/76B | €77 | €3 | -€74 | -96.1% |
| Recurring financial income | 75 | €77 | €3 | -€74 | -96.1% |
| Financial charges | 65/66B | €132 | €185 | +€53 | +39.9% |
| Recurring financial charges | 65 | €132 | €185 | +€53 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | €32,874 | €111,147 | +€78,273 | +238% |
| Transfer from deferred taxes | 780 | €13,500 | - | -€13,500 | |
| Income taxes | 67/77 | €17,505 | €25,643 | +€8,138 | +46.5% |
| Profit (loss) for the period | 9904 | €28,869 | €85,504 | +€56,635 | +196% |
| Profit (loss) for the period to be appropriated | 9905 | €28,869 | €85,504 | +€56,635 | +196% |
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 13 October 2026 via checked.be.