ATES MANAGEMENT: 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.
ATES MANAGEMENT
Largest movements
- Tangible fixed assets -€27,618
down €27,618 (-85.6%), from €32,256 to €4,639
of which Land and buildings: -€21,940
- Cash +€16,412
up €16,412 (+46.0%), from €35,673 to €52,085
mainly Depreciation (+€27,618) and Net result for the year (+€7,716)
- Receivables within one year -€3,525
down €3,525 (-27.0%), from €13,063 to €9,538
of which Other amounts receivable: -€3,162
- Debts after one year -€20,777
down €20,777 (-100%), from €20,777 to €0
- Reserves +€7,716
up €7,716 (+30.4%), from €25,394 to €33,110
- Other debts -€2,955
down €2,955 (-100%), from €2,955 to €0
- Tax, wage and social debts +€2,263
up €2,263 (+57.6%), from €3,927 to €6,190
of which Taxes: +€2,340
- Trade debts -€1,004
down €1,004 (-99.1%), from €1,012 to €9
- Gross operating margin -€2,690
down €2,690 (-5.7%), from €47,326 to €44,636
- Depreciation -€783
down €783 (-2.8%), from €28,401 to €27,618
- Financial charges -€591
down €591 (-23.6%), from €2,508 to €1,917
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.
Derived cash bridge
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 | €81,768 | €66,286 | -€15,482 | -18.9% |
| Fixed assets | 21/28 | €32,281 | €4,664 | -€27,618 | -85.6% |
| Tangible fixed assets | 22/27 | €32,256 | €4,639 | -€27,618 | -85.6% |
| Land and buildings | 22 | €24,620 | €2,680 | -€21,940 | -89.1% |
| Furniture and vehicles | 24 | €767 | €253 | -€514 | -67.0% |
| Other tangible fixed assets | 26 | €6,868 | €1,705 | -€5,164 | -75.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €49,487 | €61,622 | +€12,135 | +24.5% |
| Amounts receivable within one year | 40/41 | €13,063 | €9,538 | -€3,525 | -27.0% |
| Trade receivables | 40 | €9,438 | €9,075 | -€363 | -3.8% |
| Other amounts receivable | 41 | €3,625 | €463 | -€3,162 | -87.2% |
| Cash at bank and in hand | 54/58 | €35,673 | €52,085 | +€16,412 | +46.0% |
| Deferred charges and accrued income | 490/1 | €752 | €0 | -€752 | -100% |
| Total equity and liabilities | 10/49 | €81,768 | €66,286 | -€15,482 | -18.9% |
| Equity | 10/15 | €31,594 | €39,310 | +€7,716 | +24.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,394 | €33,110 | +€7,716 | +30.4% |
| Distributable reserves | 133 | €25,394 | €33,110 | +€7,716 | +30.4% |
| Amounts payable | 17/49 | €50,174 | €26,976 | -€23,198 | -46.2% |
| Amounts payable after more than one year | 17 | €20,777 | €0 | -€20,777 | -100% |
| Financial debts | 170/4 | €20,777 | €0 | -€20,777 | -100% |
| Amounts payable within one year | 42/48 | €29,397 | €26,976 | -€2,421 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €21,502 | €20,777 | -€725 | -3.4% |
| Trade debts | 44 | €1,012 | €9 | -€1,004 | -99.1% |
| Suppliers | 440/4 | €1,012 | €9 | -€1,004 | -99.1% |
| Taxes, remuneration and social security | 45 | €3,927 | €6,190 | +€2,263 | +57.6% |
| Taxes | 450/3 | €3,849 | €6,190 | +€2,340 | +60.8% |
| Remuneration and social security | 454/9 | €78 | €0 | -€78 | -100% |
| Other amounts payable | 47/48 | €2,955 | €0 | -€2,955 | -100% |
| Non-recurring operating income | 76A | €288 | €0 | -€288 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,401 | €27,618 | -€783 | -2.8% |
| Other operating charges | 640/8 | €4,494 | €4,027 | -€467 | -10.4% |
| Gross operating margin | 9900 | €47,326 | €44,636 | -€2,690 | -5.7% |
| Operating profit (loss) | 9901 | €14,431 | €12,991 | -€1,440 | -10.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,508 | €1,917 | -€591 | -23.6% |
| Recurring financial charges | 65 | €2,508 | €1,917 | -€591 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €11,923 | €11,074 | -€849 | -7.1% |
| Income taxes | 67/77 | €3,774 | €3,358 | -€416 | -11.0% |
| Profit (loss) for the period | 9904 | €8,149 | €7,716 | -€433 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,149 | €7,716 | -€433 | -5.3% |
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 13 October 2026 via checked.be.