ATELEC: 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.
ATELEC
Largest movements
- Cash +€17,358
new in 2025: €17,358
mainly Net result for the year (+€17,524) and Receivables within one year (+€16,807)
- Receivables within one year -€16,807
down €16,807 (-14.8%), from €113,817 to €97,011
of which Trade receivables: -€25,857
- Stocks and contracts +€3,800
new in 2025: €3,800
- Profit (loss) carried forward +€17,524
up €17,524 (+12.2%), from -€143,395 to -€125,871
- Trade debts -€10,530
down €10,530 (-22.7%), from €46,472 to €35,943
- Tax, wage and social debts -€3,804
down €3,804 (-12.1%), from €31,547 to €27,743
of which Taxes: -€3,186
- Other operating charges -€45,570
down €45,570 (-86.5%), from €52,663 to €7,093
- Write-downs +€44,725
up €44,725 (+95.1%), from -€47,034 to -€2,309
- Gross operating margin +€38,638
up €38,638, from -€14,305 to €24,333
- Financial charges -€8,594
down €8,594 (-99.6%), from €8,632 to €38
- Taxes +€2,844
new in 2025: €2,844
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 | €114,977 | €118,168 | +€3,191 | +2.8% |
| Fixed assets | 21/28 | €1,160 | €0 | -€1,160 | -100.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,160 | €0 | -€1,160 | -100.0% |
| Current assets | 29/58 | €113,817 | €118,168 | +€4,351 | +3.8% |
| Stocks and contracts in progress | 3 | - | €3,800 | +€3,800 | |
| Stocks | 30/36 | - | €3,800 | +€3,800 | |
| Amounts receivable within one year | 40/41 | €113,817 | €97,011 | -€16,807 | -14.8% |
| Trade receivables | 40 | €40,521 | €14,664 | -€25,857 | -63.8% |
| Other amounts receivable | 41 | €73,297 | €82,347 | +€9,050 | +12.3% |
| Cash at bank and in hand | 54/58 | - | €17,358 | +€17,358 | |
| Total equity and liabilities | 10/49 | €114,977 | €118,168 | +€3,191 | +2.8% |
| Equity | 10/15 | -€122,935 | -€105,411 | +€17,524 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,395 | -€125,871 | +€17,524 | +12.2% |
| Amounts payable | 17/49 | €237,912 | €223,579 | -€14,334 | -6.0% |
| Amounts payable within one year | 42/48 | €237,912 | €223,579 | -€14,334 | -6.0% |
| Financial debts | 43 | €54,887 | €54,887 | = | 0.0% |
| Other loans | 439 | €54,887 | €54,887 | = | 0.0% |
| Trade debts | 44 | €46,472 | €35,943 | -€10,530 | -22.7% |
| Suppliers | 440/4 | €46,472 | €35,943 | -€10,530 | -22.7% |
| Taxes, remuneration and social security | 45 | €31,547 | €27,743 | -€3,804 | -12.1% |
| Taxes | 450/3 | €3,186 | €0 | -€3,186 | -100.0% |
| Remuneration and social security | 454/9 | €28,361 | €27,743 | -€618 | -2.2% |
| Other amounts payable | 47/48 | €105,006 | €105,006 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€47,034 | -€2,309 | +€44,725 | +95.1% |
| Other operating charges | 640/8 | €52,663 | €7,093 | -€45,570 | -86.5% |
| Gross operating margin | 9900 | -€14,305 | €24,333 | +€38,638 | |
| Operating profit (loss) | 9901 | -€19,934 | €19,549 | +€39,483 | |
| Financial income | 75/76B | €1,538 | €857 | -€681 | -44.3% |
| Recurring financial income | 75 | €1,538 | €857 | -€681 | -44.3% |
| Financial charges | 65/66B | €8,632 | €38 | -€8,594 | -99.6% |
| Recurring financial charges | 65 | €8,632 | €38 | -€8,594 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,027 | €20,368 | +€47,396 | |
| Income taxes | 67/77 | - | €2,844 | +€2,844 | |
| Profit (loss) for the period | 9904 | -€27,027 | €17,524 | +€44,552 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,027 | €17,524 | +€44,552 |
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 10 October 2026 via checked.be.