ATG38 CONSULT: 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.
ATG38 CONSULT
Largest movements
- Cash -€271,744
down €271,744 (-72.0%), from €377,434 to €105,690
mainly Contributions, distributions and other (-€601,483) and Deferred charges and accrued income (-€26,187)
- Receivables after one year -€98,730
down €98,730 (-56.1%), from €176,078 to €77,348
- Deferred charges and accrued income +€26,187
up €26,187 (+72.7%), from €36,041 to €62,227
- Receivables within one year -€11,169
down €11,169 (-55.3%), from €20,190 to €9,022
of which Other amounts receivable: -€11,169
- Reserves -€411,725
down €411,725 (-65.7%), from €626,830 to €215,105
of which Distributable reserves: -€411,725
- Tax, wage and social debts +€38,534
up €38,534 (+923%), from €4,176 to €42,710
- Other debts +€28,331
up €28,331, from €0 to €28,331
- Current portion of long-term debt -€10,109
down €10,109 (-92.2%), from €10,961 to €852
- Gross operating margin +€132,410
up €132,410 (+95.3%), from €138,990 to €271,400
- Taxes +€40,324
up €40,324 (+112%), from €35,978 to €76,302
- Financial charges +€3,170
up €3,170 (+649%), from €489 to €3,658
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 | €647,610 | €291,765 | -€355,845 | -54.9% |
| Fixed assets | 21/28 | €37,867 | €37,477 | -€390 | -1.0% |
| Tangible fixed assets | 22/27 | €18,217 | €17,827 | -€390 | -2.1% |
| Land and buildings | 22 | €15,535 | €15,075 | -€460 | -3.0% |
| Plant, machinery and equipment | 23 | €559 | €94 | -€464 | -83.1% |
| Furniture and vehicles | 24 | €2,123 | €2,658 | +€535 | +25.2% |
| Financial fixed assets | 28 | €19,650 | €19,650 | = | 0.0% |
| Current assets | 29/58 | €609,743 | €254,288 | -€355,456 | -58.3% |
| Amounts receivable after more than one year | 29 | €176,078 | €77,348 | -€98,730 | -56.1% |
| Other amounts receivable | 291 | €176,078 | €77,348 | -€98,730 | -56.1% |
| Amounts receivable within one year | 40/41 | €20,190 | €9,022 | -€11,169 | -55.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €20,190 | €9,022 | -€11,169 | -55.3% |
| Cash at bank and in hand | 54/58 | €377,434 | €105,690 | -€271,744 | -72.0% |
| Deferred charges and accrued income | 490/1 | €36,041 | €62,227 | +€26,187 | +72.7% |
| Total equity and liabilities | 10/49 | €647,610 | €291,765 | -€355,845 | -54.9% |
| Equity | 10/15 | €630,430 | €218,705 | -€411,725 | -65.3% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €626,830 | €215,105 | -€411,725 | -65.7% |
| Non-distributable reserves | 130/1 | €87 | €87 | = | 0.0% |
| Reserves not available under the articles | 1311 | €87 | €87 | = | 0.0% |
| Distributable reserves | 133 | €626,743 | €215,018 | -€411,725 | -65.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,180 | €73,060 | +€55,879 | +325% |
| Amounts payable after more than one year | 17 | €852 | €0 | -€852 | -100% |
| Financial debts | 170/4 | €852 | €0 | -€852 | -100% |
| Amounts payable within one year | 42/48 | €16,328 | €73,060 | +€56,732 | +347% |
| Current portion of amounts payable after more than one year | 42 | €10,961 | €852 | -€10,109 | -92.2% |
| Trade debts | 44 | €1,191 | €1,166 | -€24 | -2.1% |
| Suppliers | 440/4 | €1,191 | €1,166 | -€24 | -2.1% |
| Taxes, remuneration and social security | 45 | €4,176 | €42,710 | +€38,534 | +923% |
| Taxes | 450/3 | €4,176 | €42,710 | +€38,534 | +923% |
| Other amounts payable | 47/48 | €0 | €28,331 | +€28,331 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €9,756 | €0 | -€9,756 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,847 | €2,483 | -€364 | -12.8% |
| Other operating charges | 640/8 | €2,352 | €3,101 | +€748 | +31.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €138,990 | €271,400 | +€132,410 | +95.3% |
| Operating profit (loss) | 9901 | €133,790 | €265,816 | +€132,026 | +98.7% |
| Financial income | 75/76B | €2,403 | €3,903 | +€1,500 | +62.4% |
| Recurring financial income | 75 | €2,403 | €3,903 | +€1,500 | +62.4% |
| Financial charges | 65/66B | €489 | €3,658 | +€3,170 | +649% |
| Recurring financial charges | 65 | €489 | €3,658 | +€3,170 | +649% |
| Profit (loss) for the period before taxes | 9903 | €135,704 | €266,061 | +€130,356 | +96.1% |
| Income taxes | 67/77 | €35,978 | €76,302 | +€40,324 | +112% |
| Profit (loss) for the period | 9904 | €99,726 | €189,759 | +€90,032 | +90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €99,726 | €189,759 | +€90,032 | +90.3% |
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 25 October 2026 via checked.be.