ATB: 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.
ATB
Largest movements
- Tangible fixed assets +€53,773
up €53,773 (+14.6%), from €367,124 to €420,896
of which Land and buildings: +€45,221
- Cash -€41,761
down €41,761 (-64.1%), from €65,105 to €23,344
mainly Investment in fixed assets (net) (-€72,619) and Debts after one year (-€18,191)
- Debts after one year -€18,191
down €18,191 (-5.8%), from €312,245 to €294,054
- Reserves +€16,085
up €16,085 (+9.2%), from €174,352 to €190,437
- Other debts +€15,000
new in 2025: €15,000
- Gross operating margin -€17,878
down €17,878 (-20.4%), from €87,854 to €69,976
- Other operating charges -€9,407
down €9,407 (-81.3%), from €11,570 to €2,163
- Taxes -€6,939
down €6,939 (-62.2%), from €11,162 to €4,222
- Financial charges +€3,178
up €3,178 (+32.7%), from €9,707 to €12,885
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 | €537,360 | €551,734 | +€14,374 | +2.7% |
| Fixed assets | 21/28 | €368,152 | €420,896 | +€52,744 | +14.3% |
| Tangible fixed assets | 22/27 | €367,124 | €420,896 | +€53,773 | +14.6% |
| Land and buildings | 22 | €355,483 | €400,704 | +€45,221 | +12.7% |
| Plant, machinery and equipment | 23 | €3,494 | €13,460 | +€9,966 | +285% |
| Furniture and vehicles | 24 | €4,649 | €3,647 | -€1,002 | -21.5% |
| Other tangible fixed assets | 26 | €3,498 | €3,086 | -€413 | -11.8% |
| Financial fixed assets | 28 | €1,029 | - | -€1,029 | |
| Current assets | 29/58 | €169,208 | €130,837 | -€38,370 | -22.7% |
| Stocks and contracts in progress | 3 | €72,803 | €76,652 | +€3,849 | +5.3% |
| Stocks | 30/36 | €72,803 | €76,652 | +€3,849 | +5.3% |
| Amounts receivable within one year | 40/41 | €30,745 | €30,208 | -€537 | -1.7% |
| Trade receivables | 40 | €14,251 | €20,031 | +€5,780 | +40.6% |
| Other amounts receivable | 41 | €16,494 | €10,177 | -€6,317 | -38.3% |
| Cash at bank and in hand | 54/58 | €65,105 | €23,344 | -€41,761 | -64.1% |
| Deferred charges and accrued income | 490/1 | €555 | €633 | +€78 | +14.1% |
| Total equity and liabilities | 10/49 | €537,360 | €551,734 | +€14,374 | +2.7% |
| Equity | 10/15 | €192,902 | €208,987 | +€16,085 | +8.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €174,352 | €190,437 | +€16,085 | +9.2% |
| Distributable reserves | 133 | €174,352 | €190,437 | +€16,085 | +9.2% |
| Amounts payable | 17/49 | €344,458 | €342,747 | -€1,711 | -0.5% |
| Amounts payable after more than one year | 17 | €312,245 | €294,054 | -€18,191 | -5.8% |
| Financial debts | 170/4 | €312,245 | €294,054 | -€18,191 | -5.8% |
| Amounts payable within one year | 42/48 | €31,513 | €47,993 | +€16,480 | +52.3% |
| Current portion of amounts payable after more than one year | 42 | €17,492 | €18,191 | +€699 | +4.0% |
| Trade debts | 44 | €8,036 | €4,167 | -€3,869 | -48.1% |
| Suppliers | 440/4 | €8,036 | €4,167 | -€3,869 | -48.1% |
| Taxes, remuneration and social security | 45 | €5,984 | €10,635 | +€4,650 | +77.7% |
| Taxes | 450/3 | €5,175 | €10,635 | +€5,460 | +106% |
| Remuneration and social security | 454/9 | €810 | - | -€810 | |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €700 | €700 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,743 | €19,875 | +€132 | +0.7% |
| Other operating charges | 640/8 | €11,570 | €2,163 | -€9,407 | -81.3% |
| Gross operating margin | 9900 | €87,854 | €69,976 | -€17,878 | -20.4% |
| Operating profit (loss) | 9901 | €56,542 | €47,938 | -€8,604 | -15.2% |
| Financial income | 75/76B | €558 | €254 | -€304 | -54.4% |
| Recurring financial income | 75 | €558 | €254 | -€304 | -54.4% |
| Financial charges | 65/66B | €9,707 | €12,885 | +€3,178 | +32.7% |
| Recurring financial charges | 65 | €9,707 | €12,885 | +€3,178 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €47,393 | €35,307 | -€12,086 | -25.5% |
| Income taxes | 67/77 | €11,162 | €4,222 | -€6,939 | -62.2% |
| Profit (loss) for the period | 9904 | €36,232 | €31,085 | -€5,147 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,232 | €31,085 | -€5,147 | -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 17 October 2026 via checked.be.