ATELEIA: 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.
ATELEIA
Largest movements
- Financial fixed assets -€66,372
down €66,372 (-10.0%), from €663,717 to €597,345
- Cash +€24,875
up €24,875 (+71.0%), from €35,019 to €59,893
mainly Net result for the year (+€116,710) and Investment in fixed assets (net) (+€66,372)
- Receivables within one year +€12,394
up €12,394 (+15.5%), from €79,912 to €92,306
of which Trade receivables: +€8,734
- Tangible fixed assets -€9,259
down €9,259 (-36.5%), from €25,388 to €16,129
- Reserves +€116,710
up €116,710 (+68.2%), from €171,166 to €287,877
of which Distributable reserves: +€74,610
- Debts after one year -€95,183
down €95,183 (-18.4%), from €516,605 to €421,422
of which Other amounts payable: -€89,000
- Tax, wage and social debts -€27,052
down €27,052 (-56.0%), from €48,326 to €21,274
- Other debts -€18,387
down €18,387 (-64.6%), from €28,447 to €10,060
- Current portion of long-term debt -€13,247
down €13,247 (-68.2%), from €19,430 to €6,183
- Financial charges +€13,573
up €13,573 (+48.3%), from €28,078 to €41,651
- Gross operating margin +€10,520
up €10,520 (+5.2%), from €204,212 to €214,732
- Depreciation +€6,870
up €6,870 (+287.6%), from €2,389 to €9,259
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 | €806,004 | €766,752 | -€39,252 | -4.9% |
| Fixed assets | 21/28 | €689,105 | €613,474 | -€75,631 | -11.0% |
| Tangible fixed assets | 22/27 | €25,388 | €16,129 | -€9,259 | -36.5% |
| Furniture and vehicles | 24 | €25,388 | €16,129 | -€9,259 | -36.5% |
| Financial fixed assets | 28 | €663,717 | €597,345 | -€66,372 | -10.0% |
| Current assets | 29/58 | €116,900 | €153,278 | +€36,378 | +31.1% |
| Amounts receivable within one year | 40/41 | €79,912 | €92,306 | +€12,394 | +15.5% |
| Trade receivables | 40 | €79,748 | €88,481 | +€8,734 | +11.0% |
| Other amounts receivable | 41 | €164 | €3,824 | +€3,660 | +2225.5% |
| Cash at bank and in hand | 54/58 | €35,019 | €59,893 | +€24,875 | +71.0% |
| Deferred charges and accrued income | 490/1 | €1,969 | €1,079 | -€890 | -45.2% |
| Total equity and liabilities | 10/49 | €806,004 | €766,752 | -€39,252 | -4.9% |
| Equity | 10/15 | €181,166 | €297,877 | +€116,710 | +64.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €171,166 | €287,877 | +€116,710 | +68.2% |
| Tax-exempt reserves | 132 | €42,100 | €84,200 | +€42,100 | +100.0% |
| Distributable reserves | 133 | €129,066 | €203,677 | +€74,610 | +57.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €624,838 | €468,875 | -€155,963 | -25.0% |
| Amounts payable after more than one year | 17 | €516,605 | €421,422 | -€95,183 | -18.4% |
| Financial debts | 170/4 | €17,605 | €11,422 | -€6,183 | -35.1% |
| Other amounts payable | 178/9 | €499,000 | €410,000 | -€89,000 | -17.8% |
| Amounts payable within one year | 42/48 | €96,203 | €37,607 | -€58,596 | -60.9% |
| Current portion of amounts payable after more than one year | 42 | €19,430 | €6,183 | -€13,247 | -68.2% |
| Trade debts | 44 | €0 | €91 | +€91 | |
| Suppliers | 440/4 | €0 | €91 | +€91 | |
| Taxes, remuneration and social security | 45 | €48,326 | €21,274 | -€27,052 | -56.0% |
| Taxes | 450/3 | €48,326 | €21,274 | -€27,052 | -56.0% |
| Other amounts payable | 47/48 | €28,447 | €10,060 | -€18,387 | -64.6% |
| Accrued charges and deferred income | 492/3 | €12,030 | €9,846 | -€2,184 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,389 | €9,259 | +€6,870 | +287.6% |
| Other operating charges | 640/8 | €1,380 | €939 | -€441 | -32.0% |
| Gross operating margin | 9900 | €204,212 | €214,732 | +€10,520 | +5.2% |
| Operating profit (loss) | 9901 | €200,443 | €204,534 | +€4,091 | +2.0% |
| Financial income | 75/76B | €1,003 | €272 | -€731 | -72.9% |
| Recurring financial income | 75 | €1,003 | €272 | -€731 | -72.9% |
| Financial charges | 65/66B | €28,078 | €41,651 | +€13,573 | +48.3% |
| Recurring financial charges | 65 | €28,078 | €41,651 | +€13,573 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €173,368 | €163,156 | -€10,212 | -5.9% |
| Income taxes | 67/77 | €44,302 | €46,445 | +€2,144 | +4.8% |
| Profit (loss) for the period | 9904 | €129,066 | €116,710 | -€12,356 | -9.6% |
| Transfer to tax-exempt reserves | 689 | €0 | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €129,066 | €74,610 | -€54,456 | -42.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.