ATEXIM: 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.
ATEXIM
Largest movements
- Cash -€103,461
down €103,461 (-63.3%), from €163,559 to €60,098
mainly Other debts (-€101,442) and Contributions, distributions and other (-€80,000)
- Receivables within one year -€2,067
down €2,067 (-12.8%), from €16,155 to €14,088
of which Other amounts receivable: -€2,364
- Other debts -€101,442
down €101,442 (-60.5%), from €167,727 to €66,285
- Tax, wage and social debts -€3,104
down €3,104 (-24.4%), from €12,712 to €9,608
- Trade debts -€2,283
down €2,283 (-89.0%), from €2,565 to €282
- Gross operating margin +€15,572
up €15,572 (+17.0%), from €91,847 to €107,419
- Financial charges -€4,054
down €4,054 (-82.9%), from €4,890 to €836
- Taxes +€3,824
up €3,824 (+22.2%), from €17,226 to €21,050
- Depreciation +€1,098
up €1,098 (+62.9%), from €1,747 to €2,845
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 | €188,128 | €82,548 | -€105,581 | -56.1% |
| Fixed assets | 21/28 | €6,946 | €6,996 | +€50 | +0.7% |
| Tangible fixed assets | 22/27 | €6,946 | €6,996 | +€50 | +0.7% |
| Plant, machinery and equipment | 23 | €2,288 | €1,681 | -€607 | -26.5% |
| Furniture and vehicles | 24 | €4,069 | €4,400 | +€332 | +8.2% |
| Other tangible fixed assets | 26 | €589 | €914 | +€325 | +55.3% |
| Current assets | 29/58 | €181,183 | €75,552 | -€105,631 | -58.3% |
| Amounts receivable within one year | 40/41 | €16,155 | €14,088 | -€2,067 | -12.8% |
| Trade receivables | 40 | €13,790 | €14,088 | +€297 | +2.2% |
| Other amounts receivable | 41 | €2,364 | €0 | -€2,364 | -100.0% |
| Cash at bank and in hand | 54/58 | €163,559 | €60,098 | -€103,461 | -63.3% |
| Deferred charges and accrued income | 490/1 | €1,469 | €1,366 | -€103 | -7.0% |
| Total equity and liabilities | 10/49 | €188,128 | €82,548 | -€105,581 | -56.1% |
| Equity | 10/15 | €5,000 | €6,243 | +€1,243 | +24.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €1,243 | +€1,243 | |
| Amounts payable | 17/49 | €183,128 | €76,305 | -€106,824 | -58.3% |
| Amounts payable within one year | 42/48 | €183,003 | €76,175 | -€106,829 | -58.4% |
| Trade debts | 44 | €2,565 | €282 | -€2,283 | -89.0% |
| Suppliers | 440/4 | €2,565 | €282 | -€2,283 | -89.0% |
| Taxes, remuneration and social security | 45 | €12,712 | €9,608 | -€3,104 | -24.4% |
| Taxes | 450/3 | €12,712 | €9,608 | -€3,104 | -24.4% |
| Other amounts payable | 47/48 | €167,727 | €66,285 | -€101,442 | -60.5% |
| Accrued charges and deferred income | 492/3 | €125 | €130 | +€5 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,747 | €2,845 | +€1,098 | +62.9% |
| Other operating charges | 640/8 | €1,134 | €1,446 | +€312 | +27.5% |
| Gross operating margin | 9900 | €91,847 | €107,419 | +€15,572 | +17.0% |
| Operating profit (loss) | 9901 | €88,967 | €103,129 | +€14,162 | +15.9% |
| Financial charges | 65/66B | €4,890 | €836 | -€4,054 | -82.9% |
| Recurring financial charges | 65 | €4,890 | €836 | -€4,054 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | €84,077 | €102,293 | +€18,216 | +21.7% |
| Income taxes | 67/77 | €17,226 | €21,050 | +€3,824 | +22.2% |
| Profit (loss) for the period | 9904 | €66,851 | €81,243 | +€14,392 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,851 | €81,243 | +€14,392 | +21.5% |
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 4 October 2026 via checked.be.