ATEX: 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.
ATEX
Largest movements
- Cash -€7,516
down €7,516 (-28.5%), from €26,363 to €18,847
mainly Other debts (-€24,994) and Contributions, distributions and other (-€1,666)
- Tangible fixed assets -€2,812
down €2,812 (-4.3%), from €65,420 to €62,608
of which Furniture and vehicles: -€1,756
- Other debts -€24,994
down €24,994 (-69.2%), from €36,093 to €11,099
- Reserves +€16,028
up €16,028 (+55.3%), from €28,979 to €45,006
- Tax, wage and social debts -€1,514
down €1,514 (-77.3%), from €1,958 to €444
- Accrued charges and deferred income +€1,035
new in 2025: €1,035
- Taxes +€4,988
up €4,988 (+499%), from €1,000 to €5,988
- Gross operating margin -€4,950
down €4,950 (-13.0%), from €38,184 to €33,234
- Depreciation -€2,413
down €2,413 (-46.2%), from €5,225 to €2,812
- Financial charges +€1,479
up €1,479 (+3,286%), from €45 to €1,524
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 | €92,269 | €82,875 | -€9,395 | -10.2% |
| Fixed assets | 21/28 | €65,420 | €62,608 | -€2,812 | -4.3% |
| Tangible fixed assets | 22/27 | €65,420 | €62,608 | -€2,812 | -4.3% |
| Land and buildings | 22 | €63,664 | €62,608 | -€1,056 | -1.7% |
| Furniture and vehicles | 24 | €1,756 | - | -€1,756 | |
| Current assets | 29/58 | €26,849 | €20,266 | -€6,583 | -24.5% |
| Amounts receivable within one year | 40/41 | €4 | €908 | +€904 | +22,165% |
| Other amounts receivable | 41 | €4 | €908 | +€904 | +22,165% |
| Cash at bank and in hand | 54/58 | €26,363 | €18,847 | -€7,516 | -28.5% |
| Deferred charges and accrued income | 490/1 | €482 | €511 | +€29 | +6.0% |
| Total equity and liabilities | 10/49 | €92,269 | €82,875 | -€9,395 | -10.2% |
| Equity | 10/15 | €47,579 | €63,606 | +€16,028 | +33.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,979 | €45,006 | +€16,028 | +55.3% |
| Distributable reserves | 133 | €28,979 | €45,006 | +€16,028 | +55.3% |
| Amounts payable | 17/49 | €44,691 | €19,268 | -€25,422 | -56.9% |
| Amounts payable after more than one year | 17 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 178/9 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,691 | €12,233 | -€26,457 | -68.4% |
| Trade debts | 44 | €640 | €690 | +€51 | +8.0% |
| Suppliers | 440/4 | €640 | €690 | +€51 | +8.0% |
| Taxes, remuneration and social security | 45 | €1,958 | €444 | -€1,514 | -77.3% |
| Taxes | 450/3 | €1,958 | €444 | -€1,514 | -77.3% |
| Other amounts payable | 47/48 | €36,093 | €11,099 | -€24,994 | -69.2% |
| Accrued charges and deferred income | 492/3 | - | €1,035 | +€1,035 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,225 | €2,812 | -€2,413 | -46.2% |
| Other operating charges | 640/8 | €5,496 | €5,216 | -€280 | -5.1% |
| Gross operating margin | 9900 | €38,184 | €33,234 | -€4,950 | -13.0% |
| Operating profit (loss) | 9901 | €27,463 | €25,206 | -€2,257 | -8.2% |
| Financial charges | 65/66B | €45 | €1,524 | +€1,479 | +3,286% |
| Recurring financial charges | 65 | €45 | €1,524 | +€1,479 | +3,286% |
| Profit (loss) for the period before taxes | 9903 | €27,418 | €23,682 | -€3,736 | -13.6% |
| Income taxes | 67/77 | €1,000 | €5,988 | +€4,988 | +499% |
| Profit (loss) for the period | 9904 | €26,418 | €17,694 | -€8,724 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,418 | €17,694 | -€8,724 | -33.0% |
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 24 October 2026 via checked.be.