ATAS: 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.
ATAS
Largest movements
- Receivables within one year -€25,071
down €25,071 (-48.8%), from €51,368 to €26,296
of which Other amounts receivable: -€18,477
- Stocks and contracts -€6,732
no longer reported in 2025 (was €6,732)
of which Contracts in progress: -€6,168
- Deferred charges and accrued income -€3,719
down €3,719 (-95.0%), from €3,915 to €196
- Debts after one year -€20,046
down €20,046 (-10.6%), from €188,491 to €168,445
- Trade debts -€11,392
down €11,392 (-52.2%), from €21,839 to €10,446
- Short-term financial debts -€3,171
down €3,171 (-15.9%), from €19,908 to €16,737
- Gross operating margin +€26,573
up €26,573 (+63.4%), from €41,925 to €68,497
- Staff costs +€23,568
up €23,568 (+192%), from €12,289 to €35,857
- Financial charges +€4,381
up €4,381 (+86.5%), from €5,063 to €9,444
- Depreciation +€1,843
up €1,843 (+8.5%), from €21,685 to €23,528
- Taxes -€1,232
down €1,232 (-66.2%), from €1,862 to €630
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,444 | €256,788 | -€36,656 | -12.5% |
| Fixed assets | 21/28 | €231,430 | €230,297 | -€1,133 | -0.5% |
| Tangible fixed assets | 22/27 | €231,430 | €230,297 | -€1,133 | -0.5% |
| Land and buildings | 22 | €161,729 | €159,163 | -€2,566 | -1.6% |
| Plant, machinery and equipment | 23 | €26,854 | €41,731 | +€14,876 | +55.4% |
| Furniture and vehicles | 24 | €42,847 | €29,403 | -€13,443 | -31.4% |
| Current assets | 29/58 | €62,015 | €26,492 | -€35,523 | -57.3% |
| Stocks and contracts in progress | 3 | €6,732 | - | -€6,732 | |
| Stocks | 30/36 | €564 | - | -€564 | |
| Contracts in progress | 37 | €6,168 | - | -€6,168 | |
| Amounts receivable within one year | 40/41 | €51,368 | €26,296 | -€25,071 | -48.8% |
| Trade receivables | 40 | €25,665 | €19,070 | -€6,595 | -25.7% |
| Other amounts receivable | 41 | €25,703 | €7,226 | -€18,477 | -71.9% |
| Deferred charges and accrued income | 490/1 | €3,915 | €196 | -€3,719 | -95.0% |
| Total equity and liabilities | 10/49 | €293,444 | €256,788 | -€36,656 | -12.5% |
| Equity | 10/15 | €38,261 | €37,109 | -€1,152 | -3.0% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €26,061 | €24,909 | -€1,152 | -4.4% |
| Distributable reserves | 133 | €26,061 | €24,909 | -€1,152 | -4.4% |
| Amounts payable | 17/49 | €255,184 | €219,679 | -€35,504 | -13.9% |
| Amounts payable after more than one year | 17 | €188,491 | €168,445 | -€20,046 | -10.6% |
| Financial debts | 170/4 | €188,491 | €168,445 | -€20,046 | -10.6% |
| Amounts payable within one year | 42/48 | €66,693 | €51,234 | -€15,459 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €19,434 | €20,046 | +€612 | +3.1% |
| Financial debts | 43 | €19,908 | €16,737 | -€3,171 | -15.9% |
| Credit institutions | 430/8 | €19,908 | €16,737 | -€3,171 | -15.9% |
| Trade debts | 44 | €21,839 | €10,446 | -€11,392 | -52.2% |
| Suppliers | 440/4 | €21,839 | €10,446 | -€11,392 | -52.2% |
| Taxes, remuneration and social security | 45 | €5,512 | €4,004 | -€1,508 | -27.4% |
| Taxes | 450/3 | €3,009 | €0 | -€3,009 | -100% |
| Remuneration and social security | 454/9 | €2,503 | €4,004 | +€1,501 | +60.0% |
| Non-recurring operating income | 76A | €17,461 | - | -€17,461 | |
| Remuneration, social security and pensions | 62 | €12,289 | €35,857 | +€23,568 | +192% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,685 | €23,528 | +€1,843 | +8.5% |
| Other operating charges | 640/8 | €1,045 | €1,545 | +€500 | +47.8% |
| Gross operating margin | 9900 | €41,925 | €68,497 | +€26,573 | +63.4% |
| Operating profit (loss) | 9901 | €6,905 | €7,568 | +€663 | +9.6% |
| Financial income | 75/76B | €995 | €1,355 | +€360 | +36.2% |
| Recurring financial income | 75 | €995 | €1,355 | +€360 | +36.2% |
| Financial charges | 65/66B | €5,063 | €9,444 | +€4,381 | +86.5% |
| Recurring financial charges | 65 | €5,063 | €9,444 | +€4,381 | +86.5% |
| Profit (loss) for the period before taxes | 9903 | €2,837 | -€521 | -€3,358 | |
| Income taxes | 67/77 | €1,862 | €630 | -€1,232 | -66.2% |
| Profit (loss) for the period | 9904 | €975 | -€1,152 | -€2,126 | |
| Profit (loss) for the period to be appropriated | 9905 | €975 | -€1,152 | -€2,126 |
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.