ATESCO: 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.
ATESCO
Largest movements
- Stocks and contracts +€241,989
up €241,989 (+149%), from €162,787 to €404,777
of which Contracts in progress: +€249,395
- Receivables within one year -€134,218
down €134,218 (-17.5%), from €768,128 to €633,910
of which Trade receivables: -€131,470
- Current portion of long-term debt +€119,535
up €119,535 (+124%), from €96,720 to €216,255
- Reserves +€45,809
up €45,809 (+39.9%), from €114,860 to €160,669
- Trade debts -€40,459
down €40,459 (-8.1%), from €496,753 to €456,294
- Tax, wage and social debts -€30,747
down €30,747 (-59.7%), from €51,533 to €20,786
of which Taxes: -€27,413
- Accrued charges and deferred income +€14,955
new in 2025: €14,955
- Staff costs +€72,998
up €72,998 (+15.7%), from €465,808 to €538,805
- Gross operating margin -€25,197
down €25,197 (-3.8%), from €668,604 to €643,407
- Taxes -€21,471
down €21,471 (-45.7%), from €46,994 to €25,523
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 | €1,018,497 | €1,116,202 | +€97,705 | +9.6% |
| Fixed assets | 21/28 | €39,633 | €30,625 | -€9,008 | -22.7% |
| Tangible fixed assets | 22/27 | €39,633 | €30,625 | -€9,008 | -22.7% |
| Land and buildings | 22 | €431 | €216 | -€216 | -50.0% |
| Plant, machinery and equipment | 23 | €9,190 | €6,618 | -€2,572 | -28.0% |
| Furniture and vehicles | 24 | €30,012 | €23,791 | -€6,221 | -20.7% |
| Current assets | 29/58 | €978,863 | €1,085,577 | +€106,713 | +10.9% |
| Stocks and contracts in progress | 3 | €162,787 | €404,777 | +€241,989 | +149% |
| Stocks | 30/36 | €162,787 | €155,382 | -€7,406 | -4.5% |
| Contracts in progress | 37 | - | €249,395 | +€249,395 | |
| Amounts receivable within one year | 40/41 | €768,128 | €633,910 | -€134,218 | -17.5% |
| Trade receivables | 40 | €715,152 | €583,682 | -€131,470 | -18.4% |
| Other amounts receivable | 41 | €52,976 | €50,228 | -€2,748 | -5.2% |
| Cash at bank and in hand | 54/58 | €45,956 | €46,472 | +€516 | +1.1% |
| Deferred charges and accrued income | 490/1 | €1,992 | €418 | -€1,573 | -79.0% |
| Total equity and liabilities | 10/49 | €1,018,497 | €1,116,202 | +€97,705 | +9.6% |
| Equity | 10/15 | €325,357 | €371,167 | +€45,809 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,860 | €160,669 | +€45,809 | +39.9% |
| Distributable reserves | 133 | €114,860 | €160,669 | +€45,809 | +39.9% |
| Profit (loss) carried forward | 14 | €191,897 | €191,897 | = | 0.0% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €668,139 | €720,035 | +€51,896 | +7.8% |
| Amounts payable after more than one year | 17 | €22,013 | €10,758 | -€11,255 | -51.1% |
| Financial debts | 170/4 | €22,013 | €10,758 | -€11,255 | -51.1% |
| Amounts payable within one year | 42/48 | €646,126 | €694,322 | +€48,196 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €96,720 | €216,255 | +€119,535 | +124% |
| Trade debts | 44 | €496,753 | €456,294 | -€40,459 | -8.1% |
| Suppliers | 440/4 | €496,753 | €456,294 | -€40,459 | -8.1% |
| Taxes, remuneration and social security | 45 | €51,533 | €20,786 | -€30,747 | -59.7% |
| Taxes | 450/3 | €31,994 | €4,581 | -€27,413 | -85.7% |
| Remuneration and social security | 454/9 | €19,539 | €16,205 | -€3,334 | -17.1% |
| Other amounts payable | 47/48 | €1,120 | €987 | -€133 | -11.9% |
| Accrued charges and deferred income | 492/3 | - | €14,955 | +€14,955 | |
| Remuneration, social security and pensions | 62 | €465,808 | €538,805 | +€72,998 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,899 | €16,115 | +€2,216 | +15.9% |
| Other operating charges | 640/8 | €3,094 | €1,823 | -€1,270 | -41.1% |
| Gross operating margin | 9900 | €668,604 | €643,407 | -€25,197 | -3.8% |
| Operating profit (loss) | 9901 | €185,804 | €86,664 | -€99,140 | -53.4% |
| Financial income | 75/76B | €1,501 | €28 | -€1,473 | -98.1% |
| Recurring financial income | 75 | €1,501 | €28 | -€1,473 | -98.1% |
| Financial charges | 65/66B | €16,147 | €15,359 | -€787 | -4.9% |
| Recurring financial charges | 65 | €16,147 | €15,359 | -€787 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €171,158 | €71,332 | -€99,826 | -58.3% |
| Income taxes | 67/77 | €46,994 | €25,523 | -€21,471 | -45.7% |
| Profit (loss) for the period | 9904 | €124,164 | €45,809 | -€78,354 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €124,164 | €45,809 | -€78,354 | -63.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.