ATFICO: 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.
ATFICO
Largest movements
- Financial fixed assets +€85,000
new in 2025: €85,000
- Cash +€16,734
up €16,734 (+23.1%), from €72,318 to €89,051
mainly Net result for the year (+€110,622) and Depreciation (+€8,728)
- Receivables within one year +€5,882
up €5,882 (+4.6%), from €127,940 to €133,822
of which Other amounts receivable: +€7,782
- Tangible fixed assets -€5,134
down €5,134 (-54.6%), from €9,394 to €4,260
of which Furniture and vehicles: -€4,553
- Profit (loss) carried forward +€110,622
up €110,622 (+64.9%), from €170,503 to €281,125
- Current portion of long-term debt -€7,515
no longer reported in 2025 (was €7,515)
- Gross operating margin +€9,723
up €9,723 (+6.8%), from €142,372 to €152,095
- Taxes +€2,417
up €2,417 (+8.1%), from €29,801 to €32,218
- Depreciation -€2,154
down €2,154 (-19.8%), from €10,882 to €8,728
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 | €211,488 | €313,801 | +€102,313 | +48.4% |
| Fixed assets | 21/28 | €9,394 | €89,260 | +€79,866 | +850.2% |
| Tangible fixed assets | 22/27 | €9,394 | €4,260 | -€5,134 | -54.6% |
| Plant, machinery and equipment | 23 | €1,741 | €1,160 | -€581 | -33.4% |
| Furniture and vehicles | 24 | €7,653 | €3,100 | -€4,553 | -59.5% |
| Financial fixed assets | 28 | - | €85,000 | +€85,000 | |
| Current assets | 29/58 | €202,094 | €224,541 | +€22,447 | +11.1% |
| Amounts receivable within one year | 40/41 | €127,940 | €133,822 | +€5,882 | +4.6% |
| Trade receivables | 40 | €127,740 | €125,840 | -€1,900 | -1.5% |
| Other amounts receivable | 41 | €200 | €7,982 | +€7,782 | +3891.0% |
| Cash at bank and in hand | 54/58 | €72,318 | €89,051 | +€16,734 | +23.1% |
| Deferred charges and accrued income | 490/1 | €1,836 | €1,667 | -€169 | -9.2% |
| Total equity and liabilities | 10/49 | €211,488 | €313,801 | +€102,313 | +48.4% |
| Equity | 10/15 | €170,603 | €281,225 | +€110,622 | +64.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,503 | €281,125 | +€110,622 | +64.9% |
| Amounts payable | 17/49 | €40,885 | €32,576 | -€8,309 | -20.3% |
| Amounts payable within one year | 42/48 | €40,885 | €32,576 | -€8,309 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €7,515 | - | -€7,515 | |
| Trade debts | 44 | - | €200 | +€200 | |
| Suppliers | 440/4 | - | €200 | +€200 | |
| Taxes, remuneration and social security | 45 | €26,892 | €27,099 | +€207 | +0.8% |
| Taxes | 450/3 | €26,892 | €22,099 | -€4,793 | -17.8% |
| Remuneration and social security | 454/9 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €6,478 | €5,277 | -€1,201 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,882 | €8,728 | -€2,154 | -19.8% |
| Other operating charges | 640/8 | €289 | €301 | +€12 | +4.3% |
| Gross operating margin | 9900 | €142,372 | €152,095 | +€9,723 | +6.8% |
| Operating profit (loss) | 9901 | €131,201 | €143,065 | +€11,864 | +9.0% |
| Financial charges | 65/66B | €535 | €225 | -€310 | -57.9% |
| Recurring financial charges | 65 | €535 | €225 | -€310 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €130,666 | €142,840 | +€12,174 | +9.3% |
| Income taxes | 67/77 | €29,801 | €32,218 | +€2,417 | +8.1% |
| Profit (loss) for the period | 9904 | €100,865 | €110,622 | +€9,757 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,865 | €110,622 | +€9,757 | +9.7% |
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.