ATH Service: what changed
ATH Service
Largest movements
- Cash -€29,918
down €29,918 (-50.7%), from €59,063 to €29,145
mainly Investment in fixed assets (net) (-€66,067) and Other debts (-€49,603)
- Tangible fixed assets +€27,797
up €27,797 (+18.0%), from €154,721 to €182,518
of which Plant, machinery and equipment: +€40,803
- Receivables within one year +€26,042
up €26,042 (+151%), from €17,226 to €43,268
of which Trade receivables: +€27,262
- Debts after one year +€50,972
up €50,972 (+88.7%), from €57,480 to €108,452
- Other debts -€49,603
down €49,603 (-26.0%), from €190,479 to €140,876
- Profit (loss) carried forward +€17,008
up €17,008 (+32.3%), from -€52,718 to -€35,710
- Current portion of long-term debt +€14,055
new in 2025: €14,055
- Short-term financial debts -€8,191
no longer reported in 2025 (was €8,191)
- Financial income +€48,351
new in 2025: €48,351
- Turnover -€43,044
no longer reported in 2025 (was €43,044)
- Gross operating margin -€37,181
down €37,181 (-79.3%), from €46,867 to €9,686
- Purchases and services -€32,314
no longer reported in 2025 (was €32,314)
- Depreciation +€13,923
up €13,923 (+57.2%), from €24,347 to €38,270
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €232,826 | €256,461 | +€23,635 | +10.2% |
| Fixed assets | 21/28 | €156,251 | €184,048 | +€27,797 | +17.8% |
| Tangible fixed assets | 22/27 | €154,721 | €182,518 | +€27,797 | +18.0% |
| Land and buildings | 22 | €2,269 | €1,985 | -€284 | -12.5% |
| Plant, machinery and equipment | 23 | €21,958 | €62,761 | +€40,803 | +186% |
| Furniture and vehicles | 24 | €130,494 | €117,772 | -€12,722 | -9.7% |
| Financial fixed assets | 28 | €1,530 | €1,530 | = | 0.0% |
| Current assets | 29/58 | €76,575 | €72,413 | -€4,162 | -5.4% |
| Amounts receivable within one year | 40/41 | €17,226 | €43,268 | +€26,042 | +151% |
| Trade receivables | 40 | €12,325 | €39,587 | +€27,262 | +221% |
| Other amounts receivable | 41 | €4,901 | €3,681 | -€1,220 | -24.9% |
| Cash at bank and in hand | 54/58 | €59,063 | €29,145 | -€29,918 | -50.7% |
| Deferred charges and accrued income | 490/1 | €286 | - | -€286 | |
| Total equity and liabilities | 10/49 | €232,826 | €256,461 | +€23,635 | +10.2% |
| Equity | 10/15 | -€34,118 | -€17,110 | +€17,008 | +49.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€52,718 | -€35,710 | +€17,008 | +32.3% |
| Amounts payable | 17/49 | €266,944 | €273,571 | +€6,627 | +2.5% |
| Amounts payable after more than one year | 17 | €57,480 | €108,452 | +€50,972 | +88.7% |
| Financial debts | 170/4 | €57,480 | €108,452 | +€50,972 | +88.7% |
| Amounts payable within one year | 42/48 | €209,464 | €165,119 | -€44,345 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | - | €14,055 | +€14,055 | |
| Financial debts | 43 | €8,191 | - | -€8,191 | |
| Credit institutions | 430/8 | €8,191 | - | -€8,191 | |
| Trade debts | 44 | €8,250 | €10,188 | +€1,938 | +23.5% |
| Suppliers | 440/4 | €8,250 | €10,188 | +€1,938 | +23.5% |
| Taxes, remuneration and social security | 45 | €2,544 | - | -€2,544 | |
| Taxes | 450/3 | €2,544 | - | -€2,544 | |
| Other amounts payable | 47/48 | €190,479 | €140,876 | -€49,603 | -26.0% |
| Turnover | 70 | €43,044 | - | -€43,044 | |
| Non-recurring operating income | 76A | €36,138 | - | -€36,138 | |
| Goods, raw materials, services and sundry goods | 60/61 | €32,314 | - | -€32,314 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,347 | €38,270 | +€13,923 | +57.2% |
| Other operating charges | 640/8 | €851 | €598 | -€253 | -29.7% |
| Gross operating margin | 9900 | €46,867 | €9,686 | -€37,181 | -79.3% |
| Operating profit (loss) | 9901 | €21,669 | -€29,182 | -€50,851 | |
| Financial income | 75/76B | - | €48,351 | +€48,351 | |
| Recurring financial income | 75 | - | €48,351 | +€48,351 | |
| Financial charges | 65/66B | €405 | €2,160 | +€1,755 | +433% |
| Recurring financial charges | 65 | €405 | €2,160 | +€1,755 | +433% |
| Profit (loss) for the period before taxes | 9903 | €21,264 | €17,009 | -€4,255 | -20.0% |
| Profit (loss) for the period | 9904 | €21,264 | €17,009 | -€4,255 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,264 | €17,009 | -€4,255 | -20.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.