ATEPA: 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.
ATEPA
Largest movements
- Receivables within one year +€49,315
up €49,315 (+1809.7%), from €2,725 to €52,040
of which Trade receivables: +€52,040
- Tangible fixed assets -€29,924
down €29,924 (-4.0%), from €742,733 to €712,809
- Debts after one year -€56,229
down €56,229 (-9.3%), from €604,653 to €548,424
- Profit (loss) carried forward +€42,150
up €42,150 (+62.3%), from €67,669 to €109,819
- Trade debts +€16,368
new in 2025: €16,368
- Current portion of long-term debt +€14,294
up €14,294 (+25.6%), from €55,942 to €70,236
- Turnover +€23,519
up €23,519 (+14.6%), from €161,583 to €185,102
- Purchases and services +€20,744
up €20,744 (+35.3%), from €58,707 to €79,451
- Taxes +€3,726
up €3,726 (+26.1%), from €14,274 to €18,000
- Gross operating margin +€2,775
up €2,775 (+2.7%), from €102,876 to €105,651
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 | €753,610 | €771,427 | +€17,817 | +2.4% |
| Fixed assets | 21/28 | €742,733 | €712,809 | -€29,924 | -4.0% |
| Tangible fixed assets | 22/27 | €742,733 | €712,809 | -€29,924 | -4.0% |
| Land and buildings | 22 | €742,733 | €712,809 | -€29,924 | -4.0% |
| Current assets | 29/58 | €10,877 | €58,618 | +€47,741 | +438.9% |
| Amounts receivable within one year | 40/41 | €2,725 | €52,040 | +€49,315 | +1809.7% |
| Trade receivables | 40 | - | €52,040 | +€52,040 | |
| Other amounts receivable | 41 | €2,725 | - | -€2,725 | |
| Cash at bank and in hand | 54/58 | €8,014 | €6,578 | -€1,436 | -17.9% |
| Deferred charges and accrued income | 490/1 | €138 | - | -€138 | |
| Total equity and liabilities | 10/49 | €753,610 | €771,427 | +€17,817 | +2.4% |
| Equity | 10/15 | €73,669 | €115,819 | +€42,150 | +57.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,669 | €109,819 | +€42,150 | +62.3% |
| Amounts payable | 17/49 | €679,941 | €655,608 | -€24,333 | -3.6% |
| Amounts payable after more than one year | 17 | €604,653 | €548,424 | -€56,229 | -9.3% |
| Financial debts | 170/4 | €604,653 | €548,424 | -€56,229 | -9.3% |
| Amounts payable within one year | 42/48 | €55,942 | €86,604 | +€30,662 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | €55,942 | €70,236 | +€14,294 | +25.6% |
| Trade debts | 44 | - | €16,368 | +€16,368 | |
| Suppliers | 440/4 | - | €16,368 | +€16,368 | |
| Accrued charges and deferred income | 492/3 | €19,346 | €20,580 | +€1,234 | +6.4% |
| Turnover | 70 | €161,583 | €185,102 | +€23,519 | +14.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €58,707 | €79,451 | +€20,744 | +35.3% |
| Remuneration, social security and pensions | 62 | €968 | €400 | -€568 | -58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,924 | €29,924 | = | 0.0% |
| Other operating charges | 640/8 | €11,282 | €11,816 | +€534 | +4.7% |
| Gross operating margin | 9900 | €102,876 | €105,651 | +€2,775 | +2.7% |
| Operating profit (loss) | 9901 | €60,702 | €63,511 | +€2,809 | +4.6% |
| Financial charges | 65/66B | €3,637 | €3,361 | -€276 | -7.6% |
| Recurring financial charges | 65 | €3,637 | €3,361 | -€276 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €57,065 | €60,150 | +€3,085 | +5.4% |
| Income taxes | 67/77 | €14,274 | €18,000 | +€3,726 | +26.1% |
| Profit (loss) for the period | 9904 | €42,791 | €42,150 | -€641 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,791 | €42,150 | -€641 | -1.5% |
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 11 October 2026 via checked.be.