ATC WITGOED: 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 WITGOED
Largest movements
- Stocks and contracts +€66,000
up €66,000 (+18.6%), from €354,583 to €420,583
- Cash -€47,984
down €47,984 (-26.6%), from €180,214 to €132,229
mainly Stocks and contracts (-€66,000) and Trade debts (-€57,923)
- Tangible fixed assets -€25,159
down €25,159 (-11.0%), from €228,305 to €203,146
of which Land and buildings: -€18,097
- Receivables within one year -€22,277
down €22,277 (-53.4%), from €41,714 to €19,437
of which Other amounts receivable: -€16,607
- Trade debts -€57,923
down €57,923 (-51.8%), from €111,792 to €53,868
- Profit (loss) carried forward +€32,142
up €32,142 (+15.0%), from €213,810 to €245,952
- Staff costs -€76,351
down €76,351 (-99.8%), from €76,525 to €174
- Provisions +€70,000
no longer reported in 2025 (was -€70,000)
- Gross operating margin +€16,437
up €16,437 (+28.8%), from €57,000 to €73,437
- Other operating charges +€11,015
up €11,015 (+171%), from €6,451 to €17,466
- Financial charges -€2,572
down €2,572 (-44.8%), from €5,744 to €3,172
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 | €806,363 | €779,142 | -€27,221 | -3.4% |
| Fixed assets | 21/28 | €229,805 | €204,646 | -€25,159 | -10.9% |
| Tangible fixed assets | 22/27 | €228,305 | €203,146 | -€25,159 | -11.0% |
| Land and buildings | 22 | €220,095 | €201,998 | -€18,097 | -8.2% |
| Plant, machinery and equipment | 23 | €8,211 | €1,148 | -€7,063 | -86.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €576,557 | €574,496 | -€2,062 | -0.4% |
| Stocks and contracts in progress | 3 | €354,583 | €420,583 | +€66,000 | +18.6% |
| Stocks | 30/36 | €354,583 | €420,583 | +€66,000 | +18.6% |
| Amounts receivable within one year | 40/41 | €41,714 | €19,437 | -€22,277 | -53.4% |
| Trade receivables | 40 | €7,953 | €2,283 | -€5,670 | -71.3% |
| Other amounts receivable | 41 | €33,761 | €17,154 | -€16,607 | -49.2% |
| Cash at bank and in hand | 54/58 | €180,214 | €132,229 | -€47,984 | -26.6% |
| Deferred charges and accrued income | 490/1 | €47 | €2,246 | +€2,200 | +4,693% |
| Total equity and liabilities | 10/49 | €806,363 | €779,142 | -€27,221 | -3.4% |
| Equity | 10/15 | €393,086 | €425,228 | +€32,142 | +8.2% |
| Contributions | 10/11 | €72,068 | €72,068 | = | 0.0% |
| Contributions outside capital | 11 | €72,068 | €72,068 | = | 0.0% |
| Other | 1109/19 | €72,068 | €72,068 | = | 0.0% |
| Reserves | 13 | €107,207 | €107,207 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,207 | €7,207 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,207 | €7,207 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,810 | €245,952 | +€32,142 | +15.0% |
| Provisions and deferred taxes | 16 | €35,416 | €35,416 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €35,416 | €35,416 | = | 0.0% |
| Environmental obligations | 163 | €35,416 | €35,416 | = | 0.0% |
| Amounts payable | 17/49 | €377,861 | €318,498 | -€59,363 | -15.7% |
| Amounts payable within one year | 42/48 | €377,861 | €318,498 | -€59,363 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €95,000 | €95,000 | = | 0.0% |
| Financial debts | 43 | €251 | €794 | +€544 | +217% |
| Credit institutions | 430/8 | €251 | €794 | +€544 | +217% |
| Trade debts | 44 | €111,792 | €53,868 | -€57,923 | -51.8% |
| Suppliers | 440/4 | €111,792 | €53,868 | -€57,923 | -51.8% |
| Taxes, remuneration and social security | 45 | €20,819 | €18,835 | -€1,984 | -9.5% |
| Taxes | 450/3 | €20,169 | €18,835 | -€1,334 | -6.6% |
| Remuneration and social security | 454/9 | €650 | - | -€650 | |
| Other amounts payable | 47/48 | €150,000 | €150,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €76,525 | €174 | -€76,351 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,604 | €25,159 | -€1,445 | -5.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€70,000 | - | +€70,000 | |
| Other operating charges | 640/8 | €6,451 | €17,466 | +€11,015 | +171% |
| Gross operating margin | 9900 | €57,000 | €73,437 | +€16,437 | +28.8% |
| Operating profit (loss) | 9901 | €17,420 | €30,638 | +€13,218 | +75.9% |
| Financial income | 75/76B | €15,518 | €15,232 | -€286 | -1.8% |
| Recurring financial income | 75 | €15,518 | €15,232 | -€286 | -1.8% |
| Financial charges | 65/66B | €5,744 | €3,172 | -€2,572 | -44.8% |
| Recurring financial charges | 65 | €5,744 | €3,172 | -€2,572 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €27,194 | €42,698 | +€15,504 | +57.0% |
| Income taxes | 67/77 | €12,721 | €10,556 | -€2,165 | -17.0% |
| Profit (loss) for the period | 9904 | €14,473 | €32,142 | +€17,669 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €14,473 | €32,142 | +€17,669 | +122% |
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 16 October 2026 via checked.be.