ATEKO: 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.
ATEKO
Largest movements
- Receivables within one year +€47,897
new in 2025: €47,897
of which Other amounts receivable: +€31,875
- Stocks and contracts +€46,727
up €46,727 (+20.6%), from €227,121 to €273,848
- Cash -€29,492
down €29,492 (-87.8%), from €33,608 to €4,116
mainly Receivables within one year (-€47,897) and Stocks and contracts (-€46,727)
- Tangible fixed assets +€6,699
up €6,699 (+35.7%), from €18,778 to €25,477
of which Leasing and similar rights: +€7,432
- Debts after one year +€42,809
up €42,809 (+44.9%), from €95,334 to €138,143
- Trade debts +€29,745
up €29,745 (+45.0%), from €66,148 to €95,893
- Tax, wage and social debts -€12,372
down €12,372 (-60.2%), from €20,546 to €8,174
of which Taxes: -€18,271
- Reserves +€11,299
up €11,299 (+19.2%), from €58,935 to €70,234
- Staff costs +€24,454
up €24,454 (+140.5%), from €17,408 to €41,862
- Taxes -€9,959
down €9,959 (-61.1%), from €16,296 to €6,337
- Gross operating margin -€7,868
down €7,868 (-9.1%), from €86,429 to €78,561
- Depreciation +€6,010
up €6,010 (+106.0%), from €5,672 to €11,682
- Other operating charges -€4,188
down €4,188 (-52.8%), from €7,936 to €3,748
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 | €280,220 | €351,701 | +€71,481 | +25.5% |
| Fixed assets | 21/28 | €19,491 | €25,840 | +€6,349 | +32.6% |
| Intangible fixed assets | 21 | €350 | - | -€350 | |
| Tangible fixed assets | 22/27 | €18,778 | €25,477 | +€6,699 | +35.7% |
| Furniture and vehicles | 24 | €18,056 | €17,323 | -€733 | -4.1% |
| Leasing and similar rights | 25 | €722 | €8,154 | +€7,432 | +1029.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €260,729 | €325,861 | +€65,132 | +25.0% |
| Stocks and contracts in progress | 3 | €227,121 | €273,848 | +€46,727 | +20.6% |
| Stocks | 30/36 | €227,121 | €273,848 | +€46,727 | +20.6% |
| Amounts receivable within one year | 40/41 | - | €47,897 | +€47,897 | |
| Trade receivables | 40 | - | €16,022 | +€16,022 | |
| Other amounts receivable | 41 | - | €31,875 | +€31,875 | |
| Cash at bank and in hand | 54/58 | €33,608 | €4,116 | -€29,492 | -87.8% |
| Total equity and liabilities | 10/49 | €280,220 | €351,701 | +€71,481 | +25.5% |
| Equity | 10/15 | €96,692 | €107,991 | +€11,299 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,935 | €70,234 | +€11,299 | +19.2% |
| Distributable reserves | 133 | €58,935 | €70,234 | +€11,299 | +19.2% |
| Profit (loss) carried forward | 14 | €19,157 | €19,157 | = | 0.0% |
| Amounts payable | 17/49 | €183,528 | €243,710 | +€60,182 | +32.8% |
| Amounts payable after more than one year | 17 | €95,334 | €138,143 | +€42,809 | +44.9% |
| Other amounts payable | 178/9 | €95,334 | €138,143 | +€42,809 | +44.9% |
| Amounts payable within one year | 42/48 | €86,694 | €104,067 | +€17,373 | +20.0% |
| Trade debts | 44 | €66,148 | €95,893 | +€29,745 | +45.0% |
| Suppliers | 440/4 | €66,148 | €95,893 | +€29,745 | +45.0% |
| Taxes, remuneration and social security | 45 | €20,546 | €8,174 | -€12,372 | -60.2% |
| Taxes | 450/3 | €18,271 | - | -€18,271 | |
| Remuneration and social security | 454/9 | €2,275 | €8,174 | +€5,899 | +259.3% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €17,408 | €41,862 | +€24,454 | +140.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,672 | €11,682 | +€6,010 | +106.0% |
| Other operating charges | 640/8 | €7,936 | €3,748 | -€4,188 | -52.8% |
| Gross operating margin | 9900 | €86,429 | €78,561 | -€7,868 | -9.1% |
| Operating profit (loss) | 9901 | €55,413 | €21,269 | -€34,144 | -61.6% |
| Financial income | 75/76B | €78 | - | -€78 | |
| Recurring financial income | 75 | €78 | - | -€78 | |
| Financial charges | 65/66B | €2,582 | €3,633 | +€1,051 | +40.7% |
| Recurring financial charges | 65 | €2,582 | €3,633 | +€1,051 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €52,909 | €17,636 | -€35,273 | -66.7% |
| Income taxes | 67/77 | €16,296 | €6,337 | -€9,959 | -61.1% |
| Profit (loss) for the period | 9904 | €36,613 | €11,299 | -€25,314 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,613 | €11,299 | -€25,314 | -69.1% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.