ATFINCO: 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.
ATFINCO
Largest movements
- Cash +€188,447
up €188,447 (+36.1%), from €521,516 to €709,963
mainly Net result for the year (+€269,590) and Receivables within one year (+€96,428)
- Receivables within one year -€96,428
down €96,428 (-40.9%), from €235,754 to €139,326
of which Other amounts receivable: -€48,376
- Tangible fixed assets -€44,903
down €44,903 (-7.2%), from €623,375 to €578,472
- Reserves +€132,609
up €132,609 (+39.9%), from €332,141 to €464,749
- Trade debts -€50,685
down €50,685 (-18.8%), from €269,565 to €218,880
- Debts after one year -€48,847
down €48,847 (-8.6%), from €568,357 to €519,509
- Other debts +€26,031
up €26,031 (+28.5%), from €91,272 to €117,303
- Gross operating margin +€67,139
up €67,139 (+13.1%), from €512,584 to €579,723
- Taxes +€20,312
up €20,312 (+25.5%), from €79,765 to €100,077
- Depreciation -€12,332
down €12,332 (-20.5%), from €60,237 to €47,906
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 | €1,394,719 | €1,449,794 | +€55,075 | +3.9% |
| Fixed assets | 21/28 | €623,375 | €578,472 | -€44,903 | -7.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €623,375 | €578,472 | -€44,903 | -7.2% |
| Land and buildings | 22 | €400,922 | €381,396 | -€19,526 | -4.9% |
| Plant, machinery and equipment | 23 | €74,009 | €66,464 | -€7,544 | -10.2% |
| Furniture and vehicles | 24 | €148,444 | €130,612 | -€17,832 | -12.0% |
| Current assets | 29/58 | €771,344 | €871,322 | +€99,978 | +13.0% |
| Amounts receivable within one year | 40/41 | €235,754 | €139,326 | -€96,428 | -40.9% |
| Trade receivables | 40 | €185,754 | €137,702 | -€48,053 | -25.9% |
| Other amounts receivable | 41 | €50,000 | €1,625 | -€48,376 | -96.8% |
| Cash at bank and in hand | 54/58 | €521,516 | €709,963 | +€188,447 | +36.1% |
| Deferred charges and accrued income | 490/1 | €14,073 | €22,033 | +€7,959 | +56.6% |
| Total equity and liabilities | 10/49 | €1,394,719 | €1,449,794 | +€55,075 | +3.9% |
| Equity | 10/15 | €351,641 | €484,249 | +€132,609 | +37.7% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €332,141 | €464,749 | +€132,609 | +39.9% |
| Distributable reserves | 133 | €332,141 | €464,749 | +€132,609 | +39.9% |
| Amounts payable | 17/49 | €1,043,078 | €965,545 | -€77,534 | -7.4% |
| Amounts payable after more than one year | 17 | €568,357 | €519,509 | -€48,847 | -8.6% |
| Financial debts | 170/4 | €568,357 | €519,509 | -€48,847 | -8.6% |
| Amounts payable within one year | 42/48 | €463,533 | €437,560 | -€25,973 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €40,698 | €42,028 | +€1,331 | +3.3% |
| Trade debts | 44 | €269,565 | €218,880 | -€50,685 | -18.8% |
| Suppliers | 440/4 | €269,565 | €218,880 | -€50,685 | -18.8% |
| Taxes, remuneration and social security | 45 | €61,998 | €59,349 | -€2,649 | -4.3% |
| Taxes | 450/3 | €49,980 | €41,861 | -€8,119 | -16.2% |
| Remuneration and social security | 454/9 | €12,018 | €17,488 | +€5,470 | +45.5% |
| Other amounts payable | 47/48 | €91,272 | €117,303 | +€26,031 | +28.5% |
| Accrued charges and deferred income | 492/3 | €11,189 | €8,476 | -€2,713 | -24.2% |
| Remuneration, social security and pensions | 62 | €135,083 | €133,530 | -€1,553 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,237 | €47,906 | -€12,332 | -20.5% |
| Other operating charges | 640/8 | €6,315 | €6,404 | +€89 | +1.4% |
| Gross operating margin | 9900 | €512,584 | €579,723 | +€67,139 | +13.1% |
| Operating profit (loss) | 9901 | €310,949 | €391,883 | +€80,934 | +26.0% |
| Financial income | 75/76B | €1,524 | €263 | -€1,261 | -82.7% |
| Recurring financial income | 75 | €1,524 | €263 | -€1,261 | -82.7% |
| Financial charges | 65/66B | €24,447 | €22,480 | -€1,967 | -8.0% |
| Recurring financial charges | 65 | €24,447 | €22,480 | -€1,967 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €288,027 | €369,667 | +€81,640 | +28.3% |
| Income taxes | 67/77 | €79,765 | €100,077 | +€20,312 | +25.5% |
| Profit (loss) for the period | 9904 | €208,261 | €269,590 | +€61,328 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €208,261 | €269,590 | +€61,328 | +29.4% |
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 19 October 2026 via checked.be.