ATEC: 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.
What changed
ATEC
NACE 25.999, Manufacture of fabricated metal products, except machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€129,236
2024 · €615,138-€485,902
Equity
€1.1m
2024 · €992,013+€129,236
Cash
€420,137
2024 · €415,204+€4,933
Balance sheet total
€5.4m
2024 · €2.9m+€2.6m
Largest movements
Assets
- Receivables within one year +€2.6m
up €2.6m (+143%), from €1.8m to €4.4m
of which Trade receivables: +€3.1m
Equity and liabilities
- Advances received +€1.6m
up €1.6m (+11,973%), from €13,540 to €1.6m
- Trade debts +€1.3m
up €1.3m (+130%), from €1.0m to €2.3m
- Other debts -€448,723
down €448,723 (-99.7%), from €450,144 to €1,420
- Reserves +€129,236
up €129,236 (+16.5%), from €783,366 to €912,603
of which Distributable reserves: +€129,236
Income statement
- Write-downs +€382,338
up €382,338, from -€372,124 to €10,213
- Staff costs +€175,893
up €175,893 (+11.7%), from €1.5m to €1.7m
- Financial income -€163,367
down €163,367 (-99.9%), from €163,457 to €90
- Gross operating margin +€158,742
up €158,742 (+8.7%), from €1.8m to €2.0m
- Other operating charges -€32,759
down €32,759 (-62.3%), from €52,588 to €19,829
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.
Result 2024
€615,138
Gross operating margin
+€158,742
Staff costs
-€175,893
Depreciation
-€5,543
Write-downs
-€382,338
Other operating charges
+€32,759
Other operating items
+€35,774
Financial income
-€163,367
Financial charges
+€4,823
Taxes
+€9,139
Result 2025
€129,236
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€53,833
Investment
-€48,900
Financing
€0
Cash 2024
€415,204
From operations (derived)
+€53,833
Net result for the year
+€129,236
Depreciation
+€62,332
Stocks and contracts
-€17,141
Receivables within one year
-€2.6m
Deferred charges and accrued income
+€7
Trade debts
+€1.3m
Tax, wage and social debts
-€15,656
Advances received
+€1.6m
Other debts
-€448,723
Investment (derived)
-€48,900
Investment in fixed assets (net)
-€48,900
Cash 2025
€420,137
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,850,071 | €5,436,375 | +€2.6m | +90.7% |
| Fixed assets | 21/28 | €181,985 | €168,553 | -€13,432 | -7.4% |
| Tangible fixed assets | 22/27 | €173,054 | €159,622 | -€13,432 | -7.8% |
| Plant, machinery and equipment | 23 | €73,796 | €73,715 | -€81 | -0.1% |
| Furniture and vehicles | 24 | €99,258 | €85,907 | -€13,351 | -13.5% |
| Financial fixed assets | 28 | €8,931 | €8,931 | = | 0.0% |
| Current assets | 29/58 | €2,668,086 | €5,267,822 | +€2.6m | +97.4% |
| Stocks and contracts in progress | 3 | €452,345 | €469,487 | +€17,141 | +3.8% |
| Contracts in progress | 37 | €452,345 | €469,487 | +€17,141 | +3.8% |
| Amounts receivable within one year | 40/41 | €1,800,530 | €4,378,198 | +€2.6m | +143% |
| Trade receivables | 40 | €1,306,214 | €4,374,894 | +€3.1m | +235% |
| Other amounts receivable | 41 | €494,315 | €3,304 | -€491,011 | -99.3% |
| Cash at bank and in hand | 54/58 | €415,204 | €420,137 | +€4,933 | +1.2% |
| Deferred charges and accrued income | 490/1 | €7 | - | -€7 | |
| Total equity and liabilities | 10/49 | €2,850,071 | €5,436,375 | +€2.6m | +90.7% |
| Equity | 10/15 | €992,013 | €1,121,250 | +€129,236 | +13.0% |
| Contributions | 10/11 | €208,647 | €208,647 | = | 0.0% |
| Capital | 10 | €208,647 | €208,647 | = | 0.0% |
| Issued capital | 100 | €208,647 | €208,647 | = | 0.0% |
| Reserves | 13 | €783,366 | €912,603 | +€129,236 | +16.5% |
| Non-distributable reserves | 130/1 | €20,865 | €20,865 | = | 0.0% |
| Legal reserve | 130 | €20,865 | €20,865 | = | 0.0% |
| Distributable reserves | 133 | €762,502 | €891,738 | +€129,236 | +16.9% |
| Amounts payable | 17/49 | €1,858,057 | €4,315,125 | +€2.5m | +132% |
| Amounts payable within one year | 42/48 | €1,858,057 | €4,315,125 | +€2.5m | +132% |
| Trade debts | 44 | €1,001,286 | €2,301,575 | +€1.3m | +130% |
| Suppliers | 440/4 | €1,001,286 | €2,301,575 | +€1.3m | +130% |
| Advances received on contracts in progress | 46 | €13,540 | €1,634,698 | +€1.6m | +11,973% |
| Taxes, remuneration and social security | 45 | €393,088 | €377,432 | -€15,656 | -4.0% |
| Taxes | 450/3 | €187,833 | €124,755 | -€63,077 | -33.6% |
| Remuneration and social security | 454/9 | €205,255 | €252,676 | +€47,421 | +23.1% |
| Other amounts payable | 47/48 | €450,144 | €1,420 | -€448,723 | -99.7% |
| Non-recurring operating income | 76A | €18,000 | - | -€18,000 | |
| Remuneration, social security and pensions | 62 | €1,507,484 | €1,683,376 | +€175,893 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,790 | €62,332 | +€5,543 | +9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€372,124 | €10,213 | +€382,338 | |
| Other operating charges | 640/8 | €52,588 | €19,829 | -€32,759 | -62.3% |
| Non-recurring operating charges | 66A | €35,774 | - | -€35,774 | |
| Gross operating margin | 9900 | €1,817,717 | €1,976,459 | +€158,742 | +8.7% |
| Operating profit (loss) | 9901 | €537,206 | €200,708 | -€336,497 | -62.6% |
| Financial income | 75/76B | €163,457 | €90 | -€163,367 | -99.9% |
| Recurring financial income | 75 | €163,457 | €90 | -€163,367 | -99.9% |
| Financial charges | 65/66B | €12,373 | €7,550 | -€4,823 | -39.0% |
| Recurring financial charges | 65 | €12,373 | €7,550 | -€4,823 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €688,290 | €193,249 | -€495,041 | -71.9% |
| Income taxes | 67/77 | €73,152 | €64,013 | -€9,139 | -12.5% |
| Profit (loss) for the period | 9904 | €615,138 | €129,236 | -€485,902 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €615,138 | €129,236 | -€485,902 | -79.0% |
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 15 October 2026 via checked.be.