ATELCO: 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.
ATELCO
Largest movements
- Stocks and contracts -€11,066
down €11,066 (-33.2%), from €33,312 to €22,245
- Cash -€5,602
down €5,602 (-40.8%), from €13,720 to €8,118
mainly Net result for the year (-€11,008) and Current portion of long-term debt (-€5,000)
- Receivables within one year +€4,558
up €4,558 (+6.2%), from €73,163 to €77,721
of which Trade receivables: +€11,071
- Profit (loss) carried forward -€11,008
new in 2024: -€11,008
- Current portion of long-term debt -€5,000
no longer reported in 2024 (was €5,000)
- Contributions +€3,311
up €3,311 (+11.1%), from €29,871 to €33,182
of which Capital: +€3,311
- Gross operating margin -€26,326
down €26,326, from €15,809 to -€10,518
- Taxes -€3,141
no longer reported in 2024 (was €3,141)
- Depreciation +€550
up €550 (+60.6%), from €907 to €1,457
- Financial charges -€413
down €413 (-42.7%), from €967 to €554
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.
Cash bridge derived
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 | €128,581 | €115,692 | -€12,889 | -10.0% |
| Fixed assets | 21/28 | €8,194 | €7,480 | -€714 | -8.7% |
| Tangible fixed assets | 22/27 | €8,054 | €7,340 | -€714 | -8.9% |
| Plant, machinery and equipment | 23 | €799 | €1,197 | +€399 | +50.0% |
| Furniture and vehicles | 24 | €1,232 | €782 | -€450 | -36.5% |
| Other tangible fixed assets | 26 | €6,024 | €5,361 | -€663 | -11.0% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €120,388 | €108,213 | -€12,175 | -10.1% |
| Stocks and contracts in progress | 3 | €33,312 | €22,245 | -€11,066 | -33.2% |
| Stocks | 30/36 | €33,312 | €22,245 | -€11,066 | -33.2% |
| Amounts receivable within one year | 40/41 | €73,163 | €77,721 | +€4,558 | +6.2% |
| Trade receivables | 40 | €8,222 | €19,293 | +€11,071 | +134.7% |
| Other amounts receivable | 41 | €64,941 | €58,429 | -€6,513 | -10.0% |
| Cash at bank and in hand | 54/58 | €13,720 | €8,118 | -€5,602 | -40.8% |
| Deferred charges and accrued income | 490/1 | €193 | €128 | -€65 | -33.8% |
| Total equity and liabilities | 10/49 | €128,581 | €115,692 | -€12,889 | -10.0% |
| Equity | 10/15 | €116,407 | €108,710 | -€7,697 | -6.6% |
| Contributions | 10/11 | €29,871 | €33,182 | +€3,311 | +11.1% |
| Capital | 10 | - | €3,311 | +€3,311 | |
| Issued capital | 100 | - | €3,311 | +€3,311 | |
| Outside capital | 11 | €29,871 | €29,871 | = | 0.0% |
| Other | 1109/19 | €29,871 | €29,871 | = | 0.0% |
| Reserves | 13 | €86,536 | €86,536 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,987 | €2,987 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,987 | €2,987 | = | 0.0% |
| Distributable reserves | 133 | €83,549 | €83,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€11,008 | -€11,008 | |
| Amounts payable | 17/49 | €12,174 | €6,983 | -€5,192 | -42.6% |
| Amounts payable within one year | 42/48 | €12,174 | €6,983 | -€5,192 | -42.6% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | - | -€5,000 | |
| Trade debts | 44 | €1,617 | €867 | -€750 | -46.4% |
| Suppliers | 440/4 | €1,617 | €867 | -€750 | -46.4% |
| Taxes, remuneration and social security | 45 | €5,557 | €6,115 | +€558 | +10.0% |
| Taxes | 450/3 | €3,607 | €6,115 | +€2,508 | +69.5% |
| Remuneration and social security | 454/9 | €1,950 | - | -€1,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €907 | €1,457 | +€550 | +60.6% |
| Gross operating margin | 9900 | €15,809 | -€10,518 | -€26,326 | |
| Operating profit (loss) | 9901 | €14,901 | -€11,975 | -€26,876 | |
| Financial income | 75/76B | €1,615 | €1,521 | -€94 | -5.8% |
| Recurring financial income | 75 | €1,615 | €1,521 | -€94 | -5.8% |
| Financial charges | 65/66B | €967 | €554 | -€413 | -42.7% |
| Recurring financial charges | 65 | €967 | €554 | -€413 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €15,550 | -€11,008 | -€26,558 | |
| Income taxes | 67/77 | €3,141 | - | -€3,141 | |
| Profit (loss) for the period | 9904 | €12,409 | -€11,008 | -€23,417 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,409 | -€11,008 | -€23,417 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.