ATeMas: 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.
ATeMas
Largest movements
- Current investments +€64,250
up €64,250 (+83.4%), from €77,000 to €141,250
- Receivables within one year -€32,708
down €32,708 (-25.3%), from €129,506 to €96,797
of which Other amounts receivable: -€45,708
- Cash +€15,634
up €15,634 (+10.4%), from €150,835 to €166,469
mainly Net result for the year (+€71,758) and Receivables within one year (+€32,708)
- Tangible fixed assets -€7,794
down €7,794 (-2.1%), from €364,410 to €356,617
of which Land and buildings: -€11,943
- Reserves +€71,758
up €71,758 (+16.5%), from €434,042 to €505,800
of which Distributable reserves: +€71,758
- Debts after one year -€26,827
down €26,827 (-16.5%), from €162,515 to €135,688
- Tax, wage and social debts -€25,416
down €25,416 (-46.0%), from €55,204 to €29,787
of which Taxes: -€16,416
- Other debts +€10,586
up €10,586 (+65.3%), from €16,221 to €26,807
- Gross operating margin +€15,093
up €15,093 (+15.5%), from €97,631 to €112,724
- Financial income +€3,379
up €3,379 (+79.9%), from €4,227 to €7,606
- Taxes +€2,637
up €2,637 (+11.2%), from €23,641 to €26,278
- Financial charges +€1,889
up €1,889 (+44.4%), from €4,256 to €6,145
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 | €725,823 | €764,117 | +€38,294 | +5.3% |
| Fixed assets | 21/28 | €364,410 | €356,617 | -€7,794 | -2.1% |
| Tangible fixed assets | 22/27 | €364,410 | €356,617 | -€7,794 | -2.1% |
| Land and buildings | 22 | €356,410 | €344,468 | -€11,943 | -3.4% |
| Plant, machinery and equipment | 23 | €8,000 | €10,771 | +€2,771 | +34.6% |
| Furniture and vehicles | 24 | - | €1,378 | +€1,378 | |
| Current assets | 29/58 | €361,413 | €407,500 | +€46,088 | +12.8% |
| Amounts receivable within one year | 40/41 | €129,506 | €96,797 | -€32,708 | -25.3% |
| Trade receivables | 40 | €59,506 | €72,506 | +€13,000 | +21.8% |
| Other amounts receivable | 41 | €70,000 | €24,292 | -€45,708 | -65.3% |
| Current investments | 50/53 | €77,000 | €141,250 | +€64,250 | +83.4% |
| Cash at bank and in hand | 54/58 | €150,835 | €166,469 | +€15,634 | +10.4% |
| Deferred charges and accrued income | 490/1 | €4,073 | €2,984 | -€1,088 | -26.7% |
| Total equity and liabilities | 10/49 | €725,823 | €764,117 | +€38,294 | +5.3% |
| Equity | 10/15 | €459,042 | €530,800 | +€71,758 | +15.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €434,042 | €505,800 | +€71,758 | +16.5% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €431,542 | €503,300 | +€71,758 | +16.6% |
| Amounts payable | 17/49 | €266,781 | €233,317 | -€33,464 | -12.5% |
| Amounts payable after more than one year | 17 | €162,515 | €135,688 | -€26,827 | -16.5% |
| Financial debts | 170/4 | €162,515 | €135,688 | -€26,827 | -16.5% |
| Amounts payable within one year | 42/48 | €104,266 | €96,122 | -€8,144 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €26,415 | €26,827 | +€412 | +1.6% |
| Trade debts | 44 | €6,426 | €12,701 | +€6,274 | +97.6% |
| Suppliers | 440/4 | €6,426 | €12,701 | +€6,274 | +97.6% |
| Taxes, remuneration and social security | 45 | €55,204 | €29,787 | -€25,416 | -46.0% |
| Taxes | 450/3 | €46,204 | €29,787 | -€16,416 | -35.5% |
| Remuneration and social security | 454/9 | €9,000 | €0 | -€9,000 | -100.0% |
| Other amounts payable | 47/48 | €16,221 | €26,807 | +€10,586 | +65.3% |
| Accrued charges and deferred income | 492/3 | - | €1,507 | +€1,507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,662 | €13,282 | -€380 | -2.8% |
| Other operating charges | 640/8 | €2,461 | €2,867 | +€406 | +16.5% |
| Gross operating margin | 9900 | €97,631 | €112,724 | +€15,093 | +15.5% |
| Operating profit (loss) | 9901 | €81,508 | €96,575 | +€15,068 | +18.5% |
| Financial income | 75/76B | €4,227 | €7,606 | +€3,379 | +79.9% |
| Recurring financial income | 75 | €4,227 | €7,606 | +€3,379 | +79.9% |
| Financial charges | 65/66B | €4,256 | €6,145 | +€1,889 | +44.4% |
| Recurring financial charges | 65 | €4,256 | €6,145 | +€1,889 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | €81,479 | €98,036 | +€16,558 | +20.3% |
| Income taxes | 67/77 | €23,641 | €26,278 | +€2,637 | +11.2% |
| Profit (loss) for the period | 9904 | €57,838 | €71,758 | +€13,921 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,838 | €71,758 | +€13,921 | +24.1% |
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 5 October 2026 via checked.be.