AT GROUP: 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.
AT GROUP
Largest movements
- Receivables within one year +€23,844
up €23,844 (+53.9%), from €44,249 to €68,093
of which Trade receivables: +€33,181
- Stocks and contracts +€4,465
up €4,465 (+2.8%), from €158,442 to €162,907
- Tax, wage and social debts -€30,546
down €30,546 (-88.1%), from €34,685 to €4,140
of which Remuneration and social security: -€27,557
- Profit (loss) carried forward +€25,770
up €25,770 (+231.3%), from €11,141 to €36,912
- Advances received +€23,798
up €23,798 (+97.7%), from €24,353 to €48,151
- Trade debts +€16,472
up €16,472 (+20.7%), from €79,705 to €96,177
- Other debts -€8,100
down €8,100 (-21.7%), from €37,286 to €29,186
- Staff costs -€30,652
down €30,652 (-58.0%), from €52,823 to €22,171
- Gross operating margin -€6,822
down €6,822 (-12.1%), from €56,156 to €49,334
- Financial charges -€1,363
down €1,363 (-95.8%), from €1,423 to €60
- Depreciation +€620
new in 2025: €620
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,631 | €235,025 | +€27,395 | +13.2% |
| Fixed assets | 21/28 | €3,100 | €2,480 | -€620 | -20.0% |
| Tangible fixed assets | 22/27 | €3,100 | €2,480 | -€620 | -20.0% |
| Furniture and vehicles | 24 | €3,100 | €2,480 | -€620 | -20.0% |
| Current assets | 29/58 | €204,531 | €232,545 | +€28,015 | +13.7% |
| Stocks and contracts in progress | 3 | €158,442 | €162,907 | +€4,465 | +2.8% |
| Stocks | 30/36 | €158,442 | €162,907 | +€4,465 | +2.8% |
| Amounts receivable within one year | 40/41 | €44,249 | €68,093 | +€23,844 | +53.9% |
| Trade receivables | 40 | €26,429 | €59,610 | +€33,181 | +125.5% |
| Other amounts receivable | 41 | €17,819 | €8,483 | -€9,337 | -52.4% |
| Current investments | 50/53 | €1,840 | €1,545 | -€295 | -16.0% |
| Total equity and liabilities | 10/49 | €207,631 | €235,025 | +€27,395 | +13.2% |
| Equity | 10/15 | €31,601 | €57,372 | +€25,770 | +81.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,141 | €36,912 | +€25,770 | +231.3% |
| Amounts payable | 17/49 | €176,029 | €177,654 | +€1,625 | +0.9% |
| Amounts payable within one year | 42/48 | €176,029 | €177,654 | +€1,625 | +0.9% |
| Trade debts | 44 | €79,705 | €96,177 | +€16,472 | +20.7% |
| Suppliers | 440/4 | €79,705 | €96,177 | +€16,472 | +20.7% |
| Advances received on contracts in progress | 46 | €24,353 | €48,151 | +€23,798 | +97.7% |
| Taxes, remuneration and social security | 45 | €34,685 | €4,140 | -€30,546 | -88.1% |
| Taxes | 450/3 | €3,706 | €717 | -€2,989 | -80.6% |
| Remuneration and social security | 454/9 | €30,979 | €3,422 | -€27,557 | -89.0% |
| Other amounts payable | 47/48 | €37,286 | €29,186 | -€8,100 | -21.7% |
| Remuneration, social security and pensions | 62 | €52,823 | €22,171 | -€30,652 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €620 | +€620 | |
| Other operating charges | 640/8 | €366 | €712 | +€347 | +94.8% |
| Gross operating margin | 9900 | €56,156 | €49,334 | -€6,822 | -12.1% |
| Operating profit (loss) | 9901 | €2,967 | €25,830 | +€22,863 | +770.5% |
| Financial income | 75/76B | €90 | - | -€90 | |
| Recurring financial income | 75 | €90 | - | -€90 | |
| Non-recurring financial income | 76B | €90 | - | -€90 | |
| Financial charges | 65/66B | €1,423 | €60 | -€1,363 | -95.8% |
| Recurring financial charges | 65 | €1,423 | €60 | -€1,363 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €1,634 | €25,770 | +€24,136 | +1476.9% |
| Profit (loss) for the period | 9904 | €1,634 | €25,770 | +€24,136 | +1476.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,634 | €25,770 | +€24,136 | +1476.9% |
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 6 October 2026 via checked.be.