ATEX MANAGEMENT: 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.
ATEX MANAGEMENT
Largest movements
- Receivables within one year +€12,132
up €12,132 (+11.8%), from €103,139 to €115,271
of which Trade receivables: +€29,825
- Cash -€8,305
down €8,305 (-42.1%), from €19,732 to €11,427
mainly Contributions, distributions and other (-€40,833) and Receivables within one year (-€12,132)
- Other debts +€11,551
up €11,551 (+36.9%), from €31,283 to €42,833
- Reserves -€6,538
down €6,538 (-9.1%), from €71,860 to €65,322
of which Distributable reserves: -€4,678
- Taxes -€67,572
down €67,572 (-85.9%), from €78,648 to €11,076
- Gross operating margin -€54,295
down €54,295 (-93.8%), from €57,911 to €3,616
- Financial income +€4,631
up €4,631 (+12.0%), from €38,518 to €43,148
- Financial charges -€993
down €993 (-88.5%), from €1,122 to €129
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 | €256,442 | €260,450 | +€4,008 | +1.6% |
| Fixed assets | 21/28 | €133,571 | €133,076 | -€495 | -0.4% |
| Tangible fixed assets | 22/27 | €495 | €0 | -€495 | -100.0% |
| Furniture and vehicles | 24 | €495 | €0 | -€495 | -100.0% |
| Financial fixed assets | 28 | €133,076 | €133,076 | = | 0.0% |
| Current assets | 29/58 | €122,871 | €127,374 | +€4,503 | +3.7% |
| Amounts receivable within one year | 40/41 | €103,139 | €115,271 | +€12,132 | +11.8% |
| Trade receivables | 40 | €3,025 | €32,850 | +€29,825 | +985.9% |
| Other amounts receivable | 41 | €100,114 | €82,422 | -€17,692 | -17.7% |
| Cash at bank and in hand | 54/58 | €19,732 | €11,427 | -€8,305 | -42.1% |
| Deferred charges and accrued income | 490/1 | - | €675 | +€675 | |
| Total equity and liabilities | 10/49 | €256,442 | €260,450 | +€4,008 | +1.6% |
| Equity | 10/15 | €193,687 | €187,149 | -€6,538 | -3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €71,860 | €65,322 | -€6,538 | -9.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €70,000 | €65,322 | -€4,678 | -6.7% |
| Profit (loss) carried forward | 14 | €115,627 | €115,627 | = | 0.0% |
| Amounts payable | 17/49 | €62,755 | €73,302 | +€10,546 | +16.8% |
| Amounts payable within one year | 42/48 | €62,755 | €73,302 | +€10,546 | +16.8% |
| Financial debts | 43 | - | €1,361 | +€1,361 | |
| Credit institutions | 430/8 | - | €1,361 | +€1,361 | |
| Trade debts | 44 | €2,110 | €2,276 | +€166 | +7.9% |
| Suppliers | 440/4 | €2,110 | €2,276 | +€166 | +7.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €29,363 | €26,831 | -€2,531 | -8.6% |
| Taxes | 450/3 | €29,363 | €26,781 | -€2,581 | -8.8% |
| Remuneration and social security | 454/9 | - | €50 | +€50 | |
| Other amounts payable | 47/48 | €31,283 | €42,833 | +€11,551 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €495 | -€1 | -0.2% |
| Other operating charges | 640/8 | €514 | €769 | +€256 | +49.8% |
| Non-recurring operating charges | 66A | €3,591 | €0 | -€3,591 | -100.0% |
| Gross operating margin | 9900 | €57,911 | €3,616 | -€54,295 | -93.8% |
| Operating profit (loss) | 9901 | €53,311 | €2,352 | -€50,959 | -95.6% |
| Financial income | 75/76B | €38,518 | €43,148 | +€4,631 | +12.0% |
| Recurring financial income | 75 | €38,518 | €43,148 | +€4,631 | +12.0% |
| Financial charges | 65/66B | €1,122 | €129 | -€993 | -88.5% |
| Recurring financial charges | 65 | €1,122 | €129 | -€993 | -88.5% |
| Profit (loss) for the period before taxes | 9903 | €90,707 | €45,371 | -€45,335 | -50.0% |
| Income taxes | 67/77 | €78,648 | €11,076 | -€67,572 | -85.9% |
| Profit (loss) for the period | 9904 | €12,058 | €34,295 | +€22,237 | +184.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,058 | €34,295 | +€22,237 | +184.4% |
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 3 October 2026 via checked.be.