ATALU: 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.
ATALU
Largest movements
- Receivables within one year -€199,943
down €199,943 (-70.1%), from €285,025 to €85,082
of which Trade receivables: -€188,307
- Tangible fixed assets +€119,126
up €119,126 (+5,828%), from €2,044 to €121,170
of which Plant, machinery and equipment: +€95,530
- Stocks and contracts +€58,822
up €58,822 (+515%), from €11,428 to €70,250
of which Contracts in progress: +€57,200
- Cash +€26,140
up €26,140 (+8.6%), from €302,454 to €328,594
mainly Receivables within one year (+€199,943) and Other debts (+€50,247)
- Deferred charges and accrued income +€9,434
new in 2025: €9,434
- Other debts +€50,247
up €50,247 (+35.2%), from €142,945 to €193,192
- Profit (loss) carried forward -€29,481
down €29,481 (-41.5%), from €71,012 to €41,531
- Tax, wage and social debts -€17,375
down €17,375 (-24.0%), from €72,385 to €55,010
of which Taxes: -€14,641
- Trade debts +€10,188
up €10,188 (+5.6%), from €182,303 to €192,491
- Gross operating margin -€135,418
down €135,418 (-30.9%), from €438,786 to €303,368
- Taxes -€28,153
down €28,153 (-63.1%), from €44,593 to €16,440
- Write-downs -€25,873
down €25,873, from €19,447 to -€6,426
- Financial charges -€11,568
down €11,568 (-95.4%), from €12,126 to €558
- Depreciation +€11,430
up €11,430 (+772%), from €1,480 to €12,910
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.
Derived cash bridge
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 | €600,951 | €614,530 | +€13,579 | +2.3% |
| Fixed assets | 21/28 | €2,044 | €121,170 | +€119,126 | +5,828% |
| Tangible fixed assets | 22/27 | €2,044 | €121,170 | +€119,126 | +5,828% |
| Plant, machinery and equipment | 23 | €1,706 | €97,236 | +€95,530 | +5,600% |
| Furniture and vehicles | 24 | €338 | €23,934 | +€23,596 | +6,981% |
| Current assets | 29/58 | €598,907 | €493,360 | -€105,547 | -17.6% |
| Stocks and contracts in progress | 3 | €11,428 | €70,250 | +€58,822 | +515% |
| Stocks | 30/36 | €11,428 | €13,050 | +€1,622 | +14.2% |
| Contracts in progress | 37 | - | €57,200 | +€57,200 | |
| Amounts receivable within one year | 40/41 | €285,025 | €85,082 | -€199,943 | -70.1% |
| Trade receivables | 40 | €252,888 | €64,581 | -€188,307 | -74.5% |
| Other amounts receivable | 41 | €32,137 | €20,501 | -€11,636 | -36.2% |
| Cash at bank and in hand | 54/58 | €302,454 | €328,594 | +€26,140 | +8.6% |
| Deferred charges and accrued income | 490/1 | - | €9,434 | +€9,434 | |
| Total equity and liabilities | 10/49 | €600,951 | €614,530 | +€13,579 | +2.3% |
| Equity | 10/15 | €203,318 | €173,837 | -€29,481 | -14.5% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €13,706 | €13,706 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,306 | €5,306 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,306 | €5,306 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,400 | €8,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,012 | €41,531 | -€29,481 | -41.5% |
| Amounts payable | 17/49 | €397,633 | €440,693 | +€43,060 | +10.8% |
| Amounts payable within one year | 42/48 | €397,633 | €440,693 | +€43,060 | +10.8% |
| Trade debts | 44 | €182,303 | €192,491 | +€10,188 | +5.6% |
| Suppliers | 440/4 | €182,303 | €192,491 | +€10,188 | +5.6% |
| Taxes, remuneration and social security | 45 | €72,385 | €55,010 | -€17,375 | -24.0% |
| Taxes | 450/3 | €58,566 | €43,925 | -€14,641 | -25.0% |
| Remuneration and social security | 454/9 | €13,819 | €11,085 | -€2,734 | -19.8% |
| Other amounts payable | 47/48 | €142,945 | €193,192 | +€50,247 | +35.2% |
| Remuneration, social security and pensions | 62 | €240,795 | €233,972 | -€6,823 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,480 | €12,910 | +€11,430 | +772% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,447 | -€6,426 | -€25,873 | |
| Other operating charges | 640/8 | €6,882 | €5,407 | -€1,475 | -21.4% |
| Gross operating margin | 9900 | €438,786 | €303,368 | -€135,418 | -30.9% |
| Operating profit (loss) | 9901 | €170,182 | €57,505 | -€112,677 | -66.2% |
| Financial income | 75/76B | €40 | €12 | -€28 | -70.0% |
| Recurring financial income | 75 | €40 | €12 | -€28 | -70.0% |
| Financial charges | 65/66B | €12,126 | €558 | -€11,568 | -95.4% |
| Recurring financial charges | 65 | €12,126 | €558 | -€11,568 | -95.4% |
| Profit (loss) for the period before taxes | 9903 | €158,096 | €56,959 | -€101,137 | -64.0% |
| Income taxes | 67/77 | €44,593 | €16,440 | -€28,153 | -63.1% |
| Profit (loss) for the period | 9904 | €113,503 | €40,519 | -€72,984 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €113,503 | €40,519 | -€72,984 | -64.3% |
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 27 October 2026 via checked.be.