ATEB: what changed
Two fiscal 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.
ATEB
Largest movements
- Receivables within one year +€67,913
up €67,913 (+182.0%), from €37,308 to €105,221
of which Trade receivables: +€78,905
- Current investments +€50,000
new in 2025: €50,000
- Cash -€19,004
down €19,004 (-20.5%), from €92,838 to €73,833
mainly Receivables within one year (-€67,913) and Current investments (-€50,000)
- Tangible fixed assets -€8,005
down €8,005 (-3.7%), from €217,072 to €209,067
of which Land and buildings: -€23,360
- Reserves +€67,964
up €67,964 (+23.7%), from €286,247 to €354,212
- Tax, wage and social debts +€25,662
up €25,662 (+161.8%), from €15,858 to €41,520
of which Remuneration and social security: +€18,000
- Debts after one year -€15,644
down €15,644 (-19.6%), from €79,951 to €64,307
- Trade debts +€5,676
up €5,676 (+368.5%), from €1,540 to €7,217
- Gross operating margin +€35,792
up €35,792 (+29.8%), from €119,926 to €155,717
- Taxes +€11,925
up €11,925 (+54.4%), from €21,901 to €33,826
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.
Cash bridge derived
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 | €420,743 | €511,604 | +€90,861 | +21.6% |
| Fixed assets | 21/28 | €282,947 | €274,942 | -€8,005 | -2.8% |
| Tangible fixed assets | 22/27 | €217,072 | €209,067 | -€8,005 | -3.7% |
| Land and buildings | 22 | €166,172 | €142,812 | -€23,360 | -14.1% |
| Plant, machinery and equipment | 23 | - | €2,976 | +€2,976 | |
| Furniture and vehicles | 24 | €50,899 | €63,278 | +€12,379 | +24.3% |
| Financial fixed assets | 28 | €65,875 | €65,875 | = | 0.0% |
| Current assets | 29/58 | €137,797 | €236,663 | +€98,866 | +71.7% |
| Amounts receivable within one year | 40/41 | €37,308 | €105,221 | +€67,913 | +182.0% |
| Trade receivables | 40 | - | €78,905 | +€78,905 | |
| Other amounts receivable | 41 | €37,308 | €26,316 | -€10,992 | -29.5% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €92,838 | €73,833 | -€19,004 | -20.5% |
| Deferred charges and accrued income | 490/1 | €7,651 | €7,609 | -€42 | -0.6% |
| Total equity and liabilities | 10/49 | €420,743 | €511,604 | +€90,861 | +21.6% |
| Equity | 10/15 | €304,839 | €372,804 | +€67,964 | +22.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €286,247 | €354,212 | +€67,964 | +23.7% |
| Distributable reserves | 133 | €286,247 | €354,212 | +€67,964 | +23.7% |
| Amounts payable | 17/49 | €115,904 | €138,801 | +€22,897 | +19.8% |
| Amounts payable after more than one year | 17 | €79,951 | €64,307 | -€15,644 | -19.6% |
| Financial debts | 170/4 | €79,951 | €64,307 | -€15,644 | -19.6% |
| Amounts payable within one year | 42/48 | €35,954 | €71,242 | +€35,289 | +98.2% |
| Current portion of amounts payable after more than one year | 42 | €15,348 | €15,777 | +€429 | +2.8% |
| Trade debts | 44 | €1,540 | €7,217 | +€5,676 | +368.5% |
| Suppliers | 440/4 | €1,540 | €7,217 | +€5,676 | +368.5% |
| Taxes, remuneration and social security | 45 | €15,858 | €41,520 | +€25,662 | +161.8% |
| Taxes | 450/3 | €15,858 | €23,520 | +€7,662 | +48.3% |
| Remuneration and social security | 454/9 | - | €18,000 | +€18,000 | |
| Other amounts payable | 47/48 | €3,207 | €6,729 | +€3,521 | +109.8% |
| Accrued charges and deferred income | 492/3 | - | €3,252 | +€3,252 | |
| Non-recurring operating income | 76A | €13,571 | - | -€13,571 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,567 | €39,804 | +€1,237 | +3.2% |
| Other operating charges | 640/8 | €4,219 | €5,158 | +€939 | +22.3% |
| Gross operating margin | 9900 | €119,926 | €155,717 | +€35,792 | +29.8% |
| Operating profit (loss) | 9901 | €77,140 | €110,755 | +€33,615 | +43.6% |
| Financial income | 75/76B | €253 | €636 | +€383 | +151.1% |
| Recurring financial income | 75 | €253 | €636 | +€383 | +151.1% |
| Financial charges | 65/66B | €8,761 | €9,601 | +€840 | +9.6% |
| Recurring financial charges | 65 | €8,761 | €9,601 | +€840 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €68,633 | €101,790 | +€33,158 | +48.3% |
| Income taxes | 67/77 | €21,901 | €33,826 | +€11,925 | +54.4% |
| Profit (loss) for the period | 9904 | €46,732 | €67,964 | +€21,233 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,732 | €67,964 | +€21,233 | +45.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.