ATGT: 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.
ATGT
Largest movements
- Receivables within one year +€24,205
up €24,205 (+198.5%), from €12,197 to €36,402
- Cash -€17,280
down €17,280 (-38.5%), from €44,911 to €27,631
mainly Debts after one year (-€25,773) and Receivables within one year (-€24,205)
- Reserves +€33,138
up €33,138 (+25.3%), from €131,024 to €164,162
of which Distributable reserves: +€33,138
- Debts after one year -€25,773
down €25,773 (-13.3%), from €193,963 to €168,191
- Other debts -€18,255
down €18,255 (-47.4%), from €38,549 to €20,294
- Gross operating margin +€9,022
up €9,022 (+13.8%), from €65,237 to €74,259
- Taxes +€2,963
up €2,963 (+28.1%), from €10,558 to €13,521
- Financial charges -€969
down €969 (-11.8%), from €8,229 to €7,260
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 | €1,106,686 | €1,104,907 | -€1,779 | -0.2% |
| Fixed assets | 21/28 | €1,048,386 | €1,038,840 | -€9,547 | -0.9% |
| Tangible fixed assets | 22/27 | €320,776 | €311,229 | -€9,547 | -3.0% |
| Land and buildings | 22 | €298,166 | €285,753 | -€12,413 | -4.2% |
| Plant, machinery and equipment | 23 | €22,539 | €23,442 | +€902 | +4.0% |
| Furniture and vehicles | 24 | €71 | €2,034 | +€1,963 | +2766.3% |
| Financial fixed assets | 28 | €727,611 | €727,611 | = | 0.0% |
| Current assets | 29/58 | €58,300 | €66,068 | +€7,768 | +13.3% |
| Amounts receivable within one year | 40/41 | €12,197 | €36,402 | +€24,205 | +198.5% |
| Trade receivables | 40 | €12,197 | €36,402 | +€24,205 | +198.5% |
| Cash at bank and in hand | 54/58 | €44,911 | €27,631 | -€17,280 | -38.5% |
| Deferred charges and accrued income | 490/1 | €1,191 | €2,034 | +€842 | +70.7% |
| Total equity and liabilities | 10/49 | €1,106,686 | €1,104,907 | -€1,779 | -0.2% |
| Equity | 10/15 | €833,624 | €866,762 | +€33,138 | +4.0% |
| Contributions | 10/11 | €702,600 | €702,600 | = | 0.0% |
| Reserves | 13 | €131,024 | €164,162 | +€33,138 | +25.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €131,024 | €164,162 | +€33,138 | +25.3% |
| Amounts payable | 17/49 | €273,062 | €238,146 | -€34,917 | -12.8% |
| Amounts payable after more than one year | 17 | €193,963 | €168,191 | -€25,773 | -13.3% |
| Financial debts | 170/4 | €193,963 | €168,191 | -€25,773 | -13.3% |
| Amounts payable within one year | 42/48 | €77,974 | €68,769 | -€9,205 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €24,876 | €25,773 | +€897 | +3.6% |
| Trade debts | 44 | €3,920 | €1,510 | -€2,410 | -61.5% |
| Suppliers | 440/4 | €3,920 | €1,510 | -€2,410 | -61.5% |
| Taxes, remuneration and social security | 45 | €10,630 | €21,192 | +€10,563 | +99.4% |
| Taxes | 450/3 | €9,017 | €19,570 | +€10,553 | +117.0% |
| Remuneration and social security | 454/9 | €1,613 | €1,623 | +€10 | +0.6% |
| Other amounts payable | 47/48 | €38,549 | €20,294 | -€18,255 | -47.4% |
| Accrued charges and deferred income | 492/3 | €1,125 | €1,187 | +€61 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,797 | €17,443 | +€646 | +3.8% |
| Other operating charges | 640/8 | €2,761 | €2,957 | +€197 | +7.1% |
| Gross operating margin | 9900 | €65,237 | €74,259 | +€9,022 | +13.8% |
| Operating profit (loss) | 9901 | €45,680 | €53,859 | +€8,179 | +17.9% |
| Financial income | 75/76B | €105 | €60 | -€45 | -42.8% |
| Recurring financial income | 75 | €105 | €60 | -€45 | -42.8% |
| Financial charges | 65/66B | €8,229 | €7,260 | -€969 | -11.8% |
| Recurring financial charges | 65 | €8,229 | €7,260 | -€969 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €37,555 | €46,659 | +€9,104 | +24.2% |
| Income taxes | 67/77 | €10,558 | €13,521 | +€2,963 | +28.1% |
| Profit (loss) for the period | 9904 | €26,997 | €33,138 | +€6,141 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,997 | €33,138 | +€6,141 | +22.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.