AT MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€12,276
down €12,276 (-60.0%), from €20,460 to €8,184
- Cash +€1,095
up €1,095 (+51.4%), from €2,131 to €3,226
mainly Depreciation (+€12,276) and Tax, wage and social debts (+€738)
- Profit (loss) carried forward -€11,575
down €11,575 (-21.6%), from -€53,481 to -€65,056
- Tax, wage and social debts +€738
new in 2025: €738
- Other debts -€250
down €250 (-1.5%), from €16,905 to €16,655
- Gross operating margin +€1,928
up €1,928 (+376.0%), from €513 to €2,441
- Taxes -€26
down €26 (-3.4%), from €764 to €738
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 | €24,622 | €13,418 | -€11,204 | -45.5% |
| Fixed assets | 21/28 | €20,460 | €8,184 | -€12,276 | -60.0% |
| Tangible fixed assets | 22/27 | €20,460 | €8,184 | -€12,276 | -60.0% |
| Furniture and vehicles | 24 | €20,460 | €8,184 | -€12,276 | -60.0% |
| Current assets | 29/58 | €4,162 | €5,234 | +€1,072 | +25.8% |
| Amounts receivable within one year | 40/41 | €2,031 | €2,008 | -€23 | -1.1% |
| Trade receivables | 40 | €1,936 | €1,936 | = | 0.0% |
| Other amounts receivable | 41 | €95 | €72 | -€23 | -24.3% |
| Cash at bank and in hand | 54/58 | €2,131 | €3,226 | +€1,095 | +51.4% |
| Total equity and liabilities | 10/49 | €24,622 | €13,418 | -€11,204 | -45.5% |
| Equity | 10/15 | -€33,021 | -€44,596 | -€11,575 | -35.1% |
| 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 | -€53,481 | -€65,056 | -€11,575 | -21.6% |
| Amounts payable | 17/49 | €57,643 | €58,014 | +€371 | +0.6% |
| Amounts payable after more than one year | 17 | €39,547 | €39,547 | = | 0.0% |
| Other amounts payable | 178/9 | €39,547 | €39,547 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,096 | €18,467 | +€371 | +2.0% |
| Trade debts | 44 | €1,191 | €1,074 | -€117 | -9.8% |
| Suppliers | 440/4 | €1,191 | €1,074 | -€117 | -9.8% |
| Taxes, remuneration and social security | 45 | - | €738 | +€738 | |
| Taxes | 450/3 | - | €738 | +€738 | |
| Other amounts payable | 47/48 | €16,905 | €16,655 | -€250 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,276 | €12,276 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €513 | €2,441 | +€1,928 | +376.0% |
| Operating profit (loss) | 9901 | -€12,151 | -€10,235 | +€1,916 | +15.8% |
| Financial charges | 65/66B | €581 | €603 | +€22 | +3.7% |
| Recurring financial charges | 65 | €581 | €603 | +€22 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,732 | -€10,837 | +€1,894 | +14.9% |
| Income taxes | 67/77 | €764 | €738 | -€26 | -3.4% |
| Profit (loss) for the period | 9904 | -€13,495 | -€11,575 | +€1,920 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,495 | -€11,575 | +€1,920 | +14.2% |
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 11 October 2026 via checked.be.