AT&M: 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&M
Largest movements
- Receivables within one year -€12,652
down €12,652 (-33.5%), from €37,729 to €25,078
of which Trade receivables: -€17,251
- Tangible fixed assets +€12,570
up €12,570 (+18.4%), from €68,193 to €80,764
of which Furniture and vehicles: +€21,173
- Cash -€5,869
down €5,869 (-9.5%), from €61,487 to €55,618
mainly Investment in fixed assets (net) (-€27,122) and Net result for the year (-€13,864)
- Profit (loss) carried forward -€13,864
down €13,864, from €0 to -€13,864
- Reserves -€12,857
down €12,857 (-14.2%), from €90,704 to €77,847
- Other debts +€10,779
up €10,779 (+78.5%), from €13,726 to €24,506
- Current portion of long-term debt +€6,324
up €6,324 (+105.8%), from €5,975 to €12,299
- Debts after one year +€4,434
up €4,434 (+20.5%), from €21,604 to €26,038
- Gross operating margin -€18,604
down €18,604 (-38.9%), from €47,829 to €29,225
- Write-downs +€13,390
new in 2025: €13,390
- Taxes -€6,964
down €6,964 (-97.2%), from €7,168 to €204
- Depreciation -€2,082
down €2,082 (-12.5%), from €16,634 to €14,552
- Other operating charges +€1,159
up €1,159 (+55.5%), from €2,087 to €3,246
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 | €176,731 | €171,409 | -€5,322 | -3.0% |
| Fixed assets | 21/28 | €68,233 | €80,804 | +€12,570 | +18.4% |
| Tangible fixed assets | 22/27 | €68,193 | €80,764 | +€12,570 | +18.4% |
| Land and buildings | 22 | €25,911 | €19,677 | -€6,234 | -24.1% |
| Plant, machinery and equipment | 23 | €1,406 | €707 | -€699 | -49.7% |
| Furniture and vehicles | 24 | €29,813 | €50,986 | +€21,173 | +71.0% |
| Other tangible fixed assets | 26 | €11,063 | €9,394 | -€1,669 | -15.1% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €108,498 | €90,605 | -€17,893 | -16.5% |
| Amounts receivable within one year | 40/41 | €37,729 | €25,078 | -€12,652 | -33.5% |
| Trade receivables | 40 | €28,488 | €11,238 | -€17,251 | -60.6% |
| Other amounts receivable | 41 | €9,241 | €13,840 | +€4,599 | +49.8% |
| Cash at bank and in hand | 54/58 | €61,487 | €55,618 | -€5,869 | -9.5% |
| Deferred charges and accrued income | 490/1 | €9,282 | €9,909 | +€628 | +6.8% |
| Total equity and liabilities | 10/49 | €176,731 | €171,409 | -€5,322 | -3.0% |
| Equity | 10/15 | €109,304 | €82,583 | -€26,721 | -24.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,704 | €77,847 | -€12,857 | -14.2% |
| Distributable reserves | 133 | €90,704 | €77,847 | -€12,857 | -14.2% |
| Profit (loss) carried forward | 14 | €0 | -€13,864 | -€13,864 | |
| Amounts payable | 17/49 | €67,427 | €88,826 | +€21,399 | +31.7% |
| Amounts payable after more than one year | 17 | €21,604 | €26,038 | +€4,434 | +20.5% |
| Financial debts | 170/4 | €21,604 | €26,038 | +€4,434 | +20.5% |
| Amounts payable within one year | 42/48 | €45,823 | €62,788 | +€16,965 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €5,975 | €12,299 | +€6,324 | +105.8% |
| Financial debts | 43 | €556 | €0 | -€556 | -100.0% |
| Credit institutions | 430/8 | €556 | €0 | -€556 | -100.0% |
| Trade debts | 44 | €9,721 | €11,468 | +€1,747 | +18.0% |
| Suppliers | 440/4 | €9,721 | €11,468 | +€1,747 | +18.0% |
| Taxes, remuneration and social security | 45 | €15,845 | €14,515 | -€1,329 | -8.4% |
| Taxes | 450/3 | €15,066 | €13,866 | -€1,200 | -8.0% |
| Remuneration and social security | 454/9 | €779 | €650 | -€129 | -16.6% |
| Other amounts payable | 47/48 | €13,726 | €24,506 | +€10,779 | +78.5% |
| Non-recurring operating income | 76A | - | €2,076 | +€2,076 | |
| Remuneration, social security and pensions | 62 | €6,370 | €6,623 | +€253 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,634 | €14,552 | -€2,082 | -12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,390 | +€13,390 | |
| Other operating charges | 640/8 | €2,087 | €3,246 | +€1,159 | +55.5% |
| Non-recurring operating charges | 66A | €104 | €3,466 | +€3,362 | +3242.7% |
| Gross operating margin | 9900 | €47,829 | €29,225 | -€18,604 | -38.9% |
| Operating profit (loss) | 9901 | €22,634 | -€12,051 | -€34,685 | |
| Financial income | 75/76B | €0 | €72 | +€71 | +21000.0% |
| Recurring financial income | 75 | €0 | €72 | +€71 | +21000.0% |
| Financial charges | 65/66B | €1,570 | €1,681 | +€111 | +7.1% |
| Recurring financial charges | 65 | €1,570 | €1,681 | +€111 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €21,065 | -€13,660 | -€34,725 | |
| Income taxes | 67/77 | €7,168 | €204 | -€6,964 | -97.2% |
| Profit (loss) for the period | 9904 | €13,896 | -€13,864 | -€27,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,896 | -€13,864 | -€27,760 |
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 4 October 2026 via checked.be.