ATG: 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.
ATG
Largest movements
- Cash +€102,416
up €102,416 (+181.7%), from €56,381 to €158,797
mainly Other debts (+€314,843) and Net result for the year (+€114,198)
- Tangible fixed assets -€40,193
down €40,193 (-6.4%), from €623,287 to €583,094
of which Land and buildings: -€36,226
- Receivables within one year +€13,601
up €13,601 (+41.0%), from €33,205 to €46,806
of which Other amounts receivable: +€12,875
- Other debts +€314,843
up €314,843 (+115.9%), from €271,766 to €586,609
- Reserves -€241,900
down €241,900 (-94.5%), from €255,900 to €14,000
- Gross operating margin -€37,171
down €37,171 (-14.8%), from €251,391 to €214,220
- Financial charges +€18,868
up €18,868 (+5525.6%), from €341 to €19,210
- Taxes -€17,264
down €17,264 (-35.0%), from €49,389 to €32,125
- Financial income -€12,066
down €12,066 (-100.0%), from €12,066 to €1
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 | €714,137 | €790,444 | +€76,307 | +10.7% |
| Fixed assets | 21/28 | €623,287 | €583,094 | -€40,193 | -6.4% |
| Tangible fixed assets | 22/27 | €623,287 | €583,094 | -€40,193 | -6.4% |
| Land and buildings | 22 | €606,343 | €570,117 | -€36,226 | -6.0% |
| Plant, machinery and equipment | 23 | - | €605 | +€605 | |
| Furniture and vehicles | 24 | €125 | €0 | -€125 | -100.0% |
| Other tangible fixed assets | 26 | €16,819 | €12,372 | -€4,447 | -26.4% |
| Current assets | 29/58 | €90,850 | €207,349 | +€116,499 | +128.2% |
| Amounts receivable within one year | 40/41 | €33,205 | €46,806 | +€13,601 | +41.0% |
| Trade receivables | 40 | €33,205 | €33,931 | +€727 | +2.2% |
| Other amounts receivable | 41 | €0 | €12,875 | +€12,875 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €56,381 | €158,797 | +€102,416 | +181.7% |
| Deferred charges and accrued income | 490/1 | €1,264 | €1,746 | +€482 | +38.1% |
| Total equity and liabilities | 10/49 | €714,137 | €790,444 | +€76,307 | +10.7% |
| Equity | 10/15 | €425,926 | €184,124 | -€241,802 | -56.8% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €255,900 | €14,000 | -€241,900 | -94.5% |
| Distributable reserves | 133 | €255,900 | €14,000 | -€241,900 | -94.5% |
| Profit (loss) carried forward | 14 | €26 | €124 | +€98 | +376.4% |
| Amounts payable | 17/49 | €288,211 | €606,320 | +€318,109 | +110.4% |
| Amounts payable within one year | 42/48 | €283,100 | €599,333 | +€316,234 | +111.7% |
| Trade debts | 44 | €600 | €2,222 | +€1,622 | +270.3% |
| Suppliers | 440/4 | €600 | €2,222 | +€1,622 | +270.3% |
| Taxes, remuneration and social security | 45 | €10,734 | €10,502 | -€232 | -2.2% |
| Taxes | 450/3 | €10,734 | €10,502 | -€232 | -2.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €271,766 | €586,609 | +€314,843 | +115.9% |
| Accrued charges and deferred income | 492/3 | €5,111 | €6,987 | +€1,876 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,673 | €40,845 | +€173 | +0.4% |
| Other operating charges | 640/8 | €7,808 | €7,843 | +€34 | +0.4% |
| Gross operating margin | 9900 | €251,391 | €214,220 | -€37,171 | -14.8% |
| Operating profit (loss) | 9901 | €202,909 | €165,532 | -€37,378 | -18.4% |
| Financial income | 75/76B | €12,066 | €1 | -€12,066 | -100.0% |
| Recurring financial income | 75 | €12,066 | €1 | -€12,066 | -100.0% |
| Financial charges | 65/66B | €341 | €19,210 | +€18,868 | +5525.6% |
| Recurring financial charges | 65 | €341 | €19,210 | +€18,868 | +5525.6% |
| Profit (loss) for the period before taxes | 9903 | €214,634 | €146,323 | -€68,311 | -31.8% |
| Income taxes | 67/77 | €49,389 | €32,125 | -€17,264 | -35.0% |
| Profit (loss) for the period | 9904 | €165,245 | €114,198 | -€51,048 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €165,245 | €114,198 | -€51,048 | -30.9% |
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.