ATECS: 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.
ATECS
Largest movements
- Cash +€85,380
up €85,380 (+15.2%), from €562,325 to €647,704
mainly Net result for the year (+€202,783) and Depreciation (+€51,532)
- Tangible fixed assets +€62,222
up €62,222 (+23.1%), from €269,709 to €331,931
of which Plant, machinery and equipment: +€52,211
- Receivables within one year +€33,432
up €33,432 (+974%), from €3,433 to €36,865
- Reserves +€152,964
up €152,964 (+19.0%), from €804,203 to €957,166
of which Distributable reserves: +€152,964
- Tax, wage and social debts +€15,630
up €15,630 (+207%), from €7,560 to €23,189
of which Taxes: +€14,877
- Depreciation -€24,893
down €24,893 (-32.6%), from €76,425 to €51,532
- Gross operating margin +€18,629
up €18,629 (+5.5%), from €341,630 to €360,259
- Taxes +€17,183
up €17,183 (+22.8%), from €75,429 to €92,612
- Staff costs -€6,524
down €6,524 (-29.7%), from €21,981 to €15,456
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €847,923 | €1,019,717 | +€171,795 | +20.3% |
| Fixed assets | 21/28 | €275,249 | €332,121 | +€56,872 | +20.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €269,709 | €331,931 | +€62,222 | +23.1% |
| Land and buildings | 22 | €140,000 | €140,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €109,286 | €161,497 | +€52,211 | +47.8% |
| Furniture and vehicles | 24 | €20,423 | €30,435 | +€10,012 | +49.0% |
| Financial fixed assets | 28 | €5,540 | €190 | -€5,350 | -96.6% |
| Current assets | 29/58 | €572,674 | €687,596 | +€114,922 | +20.1% |
| Amounts receivable within one year | 40/41 | €3,433 | €36,865 | +€33,432 | +974% |
| Trade receivables | 40 | €3,433 | €36,865 | +€33,432 | +974% |
| Cash at bank and in hand | 54/58 | €562,325 | €647,704 | +€85,380 | +15.2% |
| Deferred charges and accrued income | 490/1 | €6,917 | €3,027 | -€3,890 | -56.2% |
| Total equity and liabilities | 10/49 | €847,923 | €1,019,717 | +€171,795 | +20.3% |
| Equity | 10/15 | €823,131 | €975,837 | +€152,705 | +18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €804,203 | €957,166 | +€152,964 | +19.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €802,343 | €955,306 | +€152,964 | +19.1% |
| Investment grants | 15 | €328 | €70 | -€258 | -78.7% |
| Amounts payable | 17/49 | €24,791 | €43,881 | +€19,089 | +77.0% |
| Amounts payable after more than one year | 17 | - | €10,103 | +€10,103 | |
| Financial debts | 170/4 | - | €10,103 | +€10,103 | |
| Amounts payable within one year | 42/48 | €24,791 | €33,777 | +€8,986 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €1,642 | €2,842 | +€1,199 | +73.0% |
| Trade debts | 44 | €10,595 | €4,498 | -€6,097 | -57.5% |
| Suppliers | 440/4 | €10,595 | €4,498 | -€6,097 | -57.5% |
| Taxes, remuneration and social security | 45 | €7,560 | €23,189 | +€15,630 | +207% |
| Taxes | 450/3 | €6,079 | €20,956 | +€14,877 | +245% |
| Remuneration and social security | 454/9 | €1,481 | €2,233 | +€752 | +50.8% |
| Other amounts payable | 47/48 | €4,994 | €3,248 | -€1,746 | -35.0% |
| Non-recurring operating income | 76A | - | €45,348 | +€45,348 | |
| Remuneration, social security and pensions | 62 | €21,981 | €15,456 | -€6,524 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,425 | €51,532 | -€24,893 | -32.6% |
| Other operating charges | 640/8 | €881 | €1,623 | +€743 | +84.3% |
| Non-recurring operating charges | 66A | €1,561 | - | -€1,561 | |
| Gross operating margin | 9900 | €341,630 | €360,259 | +€18,629 | +5.5% |
| Operating profit (loss) | 9901 | €240,782 | €291,648 | +€50,865 | +21.1% |
| Financial income | 75/76B | €2,043 | €4,444 | +€2,401 | +118% |
| Recurring financial income | 75 | €2,043 | €4,444 | +€2,401 | +118% |
| Financial charges | 65/66B | €395 | €697 | +€302 | +76.6% |
| Recurring financial charges | 65 | €395 | €697 | +€302 | +76.6% |
| Profit (loss) for the period before taxes | 9903 | €242,431 | €295,395 | +€52,964 | +21.8% |
| Income taxes | 67/77 | €75,429 | €92,612 | +€17,183 | +22.8% |
| Profit (loss) for the period | 9904 | €167,002 | €202,783 | +€35,781 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €167,002 | €202,783 | +€35,781 | +21.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.