AT Projects: 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 Projects
Largest movements
- Tangible fixed assets -€16,632
down €16,632 (-30.4%), from €54,764 to €38,131
of which Furniture and vehicles: -€16,235
- Cash -€13,867
down €13,867 (-60.5%), from €22,918 to €9,051
mainly Tax, wage and social debts (-€16,986) and Debts after one year (-€12,052)
- Receivables within one year +€2,827
up €2,827 (+7.9%), from €35,615 to €38,442
of which Other amounts receivable: +€4,752
- Tax, wage and social debts -€16,986
down €16,986 (-62.3%), from €27,279 to €10,293
- Debts after one year -€12,052
down €12,052 (-38.6%), from €31,221 to €19,168
- Financial charges -€635
down €635 (-26.0%), from €2,438 to €1,803
- Gross operating margin +€484
up €484 (+2.3%), from €20,913 to €21,397
- Other operating charges -€241
down €241 (-42.5%), from €567 to €326
- Taxes +€228
up €228 (+17.5%), from €1,304 to €1,532
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 | €114,190 | €86,576 | -€27,613 | -24.2% |
| Fixed assets | 21/28 | €54,764 | €38,131 | -€16,632 | -30.4% |
| Tangible fixed assets | 22/27 | €54,764 | €38,131 | -€16,632 | -30.4% |
| Plant, machinery and equipment | 23 | €1,504 | €1,107 | -€397 | -26.4% |
| Furniture and vehicles | 24 | €53,259 | €37,024 | -€16,235 | -30.5% |
| Current assets | 29/58 | €59,426 | €48,445 | -€10,981 | -18.5% |
| Amounts receivable within one year | 40/41 | €35,615 | €38,442 | +€2,827 | +7.9% |
| Trade receivables | 40 | €33,387 | €31,462 | -€1,925 | -5.8% |
| Other amounts receivable | 41 | €2,228 | €6,980 | +€4,752 | +213.3% |
| Cash at bank and in hand | 54/58 | €22,918 | €9,051 | -€13,867 | -60.5% |
| Deferred charges and accrued income | 490/1 | €893 | €951 | +€59 | +6.6% |
| Total equity and liabilities | 10/49 | €114,190 | €86,576 | -€27,613 | -24.2% |
| Equity | 10/15 | €43,313 | €43,700 | +€386 | +0.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €41,313 | €41,700 | +€386 | +0.9% |
| Distributable reserves | 133 | €41,313 | €41,700 | +€386 | +0.9% |
| Amounts payable | 17/49 | €70,876 | €42,876 | -€28,000 | -39.5% |
| Amounts payable after more than one year | 17 | €31,221 | €19,168 | -€12,052 | -38.6% |
| Financial debts | 170/4 | €31,221 | €19,168 | -€12,052 | -38.6% |
| Amounts payable within one year | 42/48 | €39,656 | €23,708 | -€15,947 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €11,502 | €12,052 | +€550 | +4.8% |
| Trade debts | 44 | €874 | €1,363 | +€489 | +55.9% |
| Suppliers | 440/4 | €874 | €1,363 | +€489 | +55.9% |
| Taxes, remuneration and social security | 45 | €27,279 | €10,293 | -€16,986 | -62.3% |
| Taxes | 450/3 | €27,279 | €10,293 | -€16,986 | -62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,728 | €16,632 | -€95 | -0.6% |
| Other operating charges | 640/8 | €567 | €326 | -€241 | -42.5% |
| Gross operating margin | 9900 | €20,913 | €21,397 | +€484 | +2.3% |
| Operating profit (loss) | 9901 | €3,618 | €4,439 | +€821 | +22.7% |
| Financial income | 75/76B | €318 | €142 | -€176 | -55.3% |
| Recurring financial income | 75 | €318 | €142 | -€176 | -55.3% |
| Financial charges | 65/66B | €2,438 | €1,803 | -€635 | -26.0% |
| Recurring financial charges | 65 | €2,438 | €1,803 | -€635 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €1,498 | €2,778 | +€1,279 | +85.4% |
| Income taxes | 67/77 | €1,304 | €1,532 | +€228 | +17.5% |
| Profit (loss) for the period | 9904 | €194 | €1,245 | +€1,051 | +541.6% |
| Profit (loss) for the period to be appropriated | 9905 | €194 | €1,245 | +€1,051 | +541.6% |
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 9 October 2026 via checked.be.