AT&L: 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&L
Largest movements
- Receivables within one year -€33,882
down €33,882 (-62.5%), from €54,206 to €20,325
of which Trade receivables: -€37,408
- Cash +€21,694
up €21,694 (+36.7%), from €59,145 to €80,839
mainly Net result for the year (+€53,813) and Receivables within one year (+€33,882)
- Deferred charges and accrued income -€3,349
down €3,349 (-21.7%), from €15,420 to €12,071
- Reserves -€11,187
down €11,187 (-51.7%), from €21,654 to €10,467
of which Distributable reserves: -€11,187
- Trade debts -€3,739
down €3,739 (-50.8%), from €7,364 to €3,625
- Other debts +€3,000
up €3,000 (+4.8%), from €62,000 to €65,000
- Tax, wage and social debts -€2,933
down €2,933 (-14.1%), from €20,766 to €17,833
- Gross operating margin -€1,703
down €1,703 (-2.3%), from €74,916 to €73,212
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 | €130,384 | €115,525 | -€14,859 | -11.4% |
| Fixed assets | 21/28 | €1,613 | €2,291 | +€678 | +42.1% |
| Tangible fixed assets | 22/27 | €1,613 | €2,291 | +€678 | +42.1% |
| Furniture and vehicles | 24 | €1,613 | €2,291 | +€678 | +42.1% |
| Current assets | 29/58 | €128,771 | €113,234 | -€15,537 | -12.1% |
| Amounts receivable within one year | 40/41 | €54,206 | €20,325 | -€33,882 | -62.5% |
| Trade receivables | 40 | €39,715 | €2,307 | -€37,408 | -94.2% |
| Other amounts receivable | 41 | €14,492 | €18,018 | +€3,526 | +24.3% |
| Cash at bank and in hand | 54/58 | €59,145 | €80,839 | +€21,694 | +36.7% |
| Deferred charges and accrued income | 490/1 | €15,420 | €12,071 | -€3,349 | -21.7% |
| Total equity and liabilities | 10/49 | €130,384 | €115,525 | -€14,859 | -11.4% |
| Equity | 10/15 | €40,254 | €29,067 | -€11,187 | -27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,654 | €10,467 | -€11,187 | -51.7% |
| Tax-exempt reserves | 132 | €6,399 | €6,399 | = | 0.0% |
| Distributable reserves | 133 | €15,255 | €4,068 | -€11,187 | -73.3% |
| Amounts payable | 17/49 | €90,130 | €86,458 | -€3,672 | -4.1% |
| Amounts payable within one year | 42/48 | €90,130 | €86,458 | -€3,672 | -4.1% |
| Trade debts | 44 | €7,364 | €3,625 | -€3,739 | -50.8% |
| Suppliers | 440/4 | €7,364 | €3,625 | -€3,739 | -50.8% |
| Taxes, remuneration and social security | 45 | €20,766 | €17,833 | -€2,933 | -14.1% |
| Taxes | 450/3 | €20,766 | €17,833 | -€2,933 | -14.1% |
| Other amounts payable | 47/48 | €62,000 | €65,000 | +€3,000 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €964 | €869 | -€94 | -9.8% |
| Other operating charges | 640/8 | €387 | €463 | +€76 | +19.6% |
| Non-recurring operating charges | 66A | €200 | - | -€200 | |
| Gross operating margin | 9900 | €74,916 | €73,212 | -€1,703 | -2.3% |
| Operating profit (loss) | 9901 | €73,365 | €71,880 | -€1,485 | -2.0% |
| Financial income | 75/76B | €496 | €557 | +€60 | +12.2% |
| Recurring financial income | 75 | €496 | €557 | +€60 | +12.2% |
| Financial charges | 65/66B | €3,139 | €3,821 | +€682 | +21.7% |
| Recurring financial charges | 65 | €3,139 | €3,821 | +€682 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €70,722 | €68,616 | -€2,107 | -3.0% |
| Income taxes | 67/77 | €15,458 | €14,802 | -€656 | -4.2% |
| Profit (loss) for the period | 9904 | €55,264 | €53,813 | -€1,451 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,264 | €53,813 | -€1,451 | -2.6% |
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 10 October 2026 via checked.be.