ATC & Partners: 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.
ATC & Partners
Largest movements
- Cash -€76,552
down €76,552 (-47.5%), from €161,119 to €84,567
mainly Tax, wage and social debts (-€27,869) and Accrued charges and deferred income (-€21,575)
- Tangible fixed assets -€21,370
down €21,370 (-31.2%), from €68,451 to €47,081
of which Plant, machinery and equipment: -€14,274
- Receivables within one year +€10,812
up €10,812 (+4.0%), from €270,751 to €281,563
of which Trade receivables: +€10,431
- Deferred charges and accrued income +€6,380
up €6,380 (+118%), from €5,396 to €11,776
- Tax, wage and social debts -€27,869
down €27,869 (-18.5%), from €150,404 to €122,535
of which Taxes: -€16,282
- Accrued charges and deferred income -€21,575
down €21,575 (-90.5%), from €23,843 to €2,268
- Current portion of long-term debt -€12,452
down €12,452 (-51.6%), from €24,137 to €11,685
- Debts after one year -€11,685
down €11,685 (-61.6%), from €18,968 to €7,283
- Other debts -€9,062
down €9,062 (-40.6%), from €22,303 to €13,240
- Gross operating margin -€62,767
down €62,767 (-15.8%), from €397,039 to €334,271
- Taxes -€17,754
down €17,754 (-53.2%), from €33,358 to €15,604
- Staff costs -€8,844
down €8,844 (-3.4%), from €259,420 to €250,576
- Depreciation -€5,214
down €5,214 (-18.6%), from €28,073 to €22,859
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 | €610,926 | €530,196 | -€80,730 | -13.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €68,601 | €47,231 | -€21,370 | -31.2% |
| Tangible fixed assets | 22/27 | €68,451 | €47,081 | -€21,370 | -31.2% |
| Plant, machinery and equipment | 23 | €54,900 | €40,626 | -€14,274 | -26.0% |
| Furniture and vehicles | 24 | €13,552 | €6,455 | -€7,096 | -52.4% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €542,325 | €482,965 | -€59,360 | -10.9% |
| Amounts receivable after more than one year | 29 | €105,060 | €105,060 | = | 0.0% |
| Other amounts receivable | 291 | €105,060 | €105,060 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €270,751 | €281,563 | +€10,812 | +4.0% |
| Trade receivables | 40 | €224,430 | €234,861 | +€10,431 | +4.6% |
| Other amounts receivable | 41 | €46,321 | €46,702 | +€381 | +0.8% |
| Cash at bank and in hand | 54/58 | €161,119 | €84,567 | -€76,552 | -47.5% |
| Deferred charges and accrued income | 490/1 | €5,396 | €11,776 | +€6,380 | +118% |
| Total equity and liabilities | 10/49 | €610,926 | €530,196 | -€80,730 | -13.2% |
| Equity | 10/15 | €325,000 | €325,000 | = | 0.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €300,000 | €300,000 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable | 17/49 | €285,926 | €205,196 | -€80,730 | -28.2% |
| Amounts payable after more than one year | 17 | €18,968 | €7,283 | -€11,685 | -61.6% |
| Financial debts | 170/4 | €18,968 | €7,283 | -€11,685 | -61.6% |
| Amounts payable within one year | 42/48 | €243,115 | €195,645 | -€47,469 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €24,137 | €11,685 | -€12,452 | -51.6% |
| Trade debts | 44 | €46,272 | €48,185 | +€1,913 | +4.1% |
| Suppliers | 440/4 | €46,272 | €48,185 | +€1,913 | +4.1% |
| Taxes, remuneration and social security | 45 | €150,404 | €122,535 | -€27,869 | -18.5% |
| Taxes | 450/3 | €100,449 | €84,166 | -€16,282 | -16.2% |
| Remuneration and social security | 454/9 | €49,955 | €38,369 | -€11,586 | -23.2% |
| Other amounts payable | 47/48 | €22,303 | €13,240 | -€9,062 | -40.6% |
| Accrued charges and deferred income | 492/3 | €23,843 | €2,268 | -€21,575 | -90.5% |
| Remuneration, social security and pensions | 62 | €259,420 | €250,576 | -€8,844 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,073 | €22,859 | -€5,214 | -18.6% |
| Other operating charges | 640/8 | €24,975 | €25,549 | +€573 | +2.3% |
| Non-recurring operating charges | 66A | €2,917 | - | -€2,917 | |
| Gross operating margin | 9900 | €397,039 | €334,271 | -€62,767 | -15.8% |
| Operating profit (loss) | 9901 | €81,653 | €35,288 | -€46,365 | -56.8% |
| Financial income | 75/76B | €15 | €475 | +€461 | +3,106% |
| Recurring financial income | 75 | €15 | €475 | +€461 | +3,106% |
| Financial charges | 65/66B | €7,216 | €6,986 | -€230 | -3.2% |
| Recurring financial charges | 65 | €7,216 | €6,986 | -€230 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €74,452 | €28,777 | -€45,675 | -61.3% |
| Income taxes | 67/77 | €33,358 | €15,604 | -€17,754 | -53.2% |
| Profit (loss) for the period | 9904 | €41,093 | €13,173 | -€27,921 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,093 | €13,173 | -€27,921 | -67.9% |
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 20 October 2026 via checked.be.