ATI: what changed
ATI
Largest movements
- Receivables within one year +€38,319
up €38,319 (+58.5%), from €65,535 to €103,854
of which Trade receivables: +€29,110
- Tangible fixed assets -€35,460
down €35,460 (-15.2%), from €232,903 to €197,443
of which Furniture and vehicles: -€21,928
- Stocks and contracts -€9,241
down €9,241 (-39.0%), from €23,671 to €14,430
- Cash +€4,740
up €4,740 (+9.9%), from €47,958 to €52,698
mainly Depreciation (+€35,460) and Net result for the year (+€20,723)
- Debts after one year -€25,702
down €25,702 (-28.5%), from €90,247 to €64,545
- Reserves +€20,723
up €20,723 (+14.6%), from €141,678 to €162,402
- Trade debts +€5,141
up €5,141 (+10.5%), from €48,912 to €54,053
- Gross operating margin +€30,827
up €30,827 (+15.1%), from €203,974 to €234,801
- Staff costs +€10,350
up €10,350 (+6.9%), from €150,141 to €160,491
- Taxes +€6,786
up €6,786 (+211%), from €3,216 to €10,002
- Depreciation +€4,025
up €4,025 (+12.8%), from €31,435 to €35,460
- Write-downs -€3,819
no longer reported in 2025 (was €3,819)
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 | €379,094 | €375,764 | -€3,330 | -0.9% |
| Fixed assets | 21/28 | €232,903 | €197,443 | -€35,460 | -15.2% |
| Tangible fixed assets | 22/27 | €232,903 | €197,443 | -€35,460 | -15.2% |
| Land and buildings | 22 | €154,894 | €142,803 | -€12,091 | -7.8% |
| Plant, machinery and equipment | 23 | €3,484 | €2,042 | -€1,442 | -41.4% |
| Furniture and vehicles | 24 | €74,525 | €52,597 | -€21,928 | -29.4% |
| Current assets | 29/58 | €146,192 | €178,322 | +€32,130 | +22.0% |
| Stocks and contracts in progress | 3 | €23,671 | €14,430 | -€9,241 | -39.0% |
| Stocks | 30/36 | €23,671 | €14,430 | -€9,241 | -39.0% |
| Amounts receivable within one year | 40/41 | €65,535 | €103,854 | +€38,319 | +58.5% |
| Trade receivables | 40 | €60,320 | €89,430 | +€29,110 | +48.3% |
| Other amounts receivable | 41 | €5,215 | €14,424 | +€9,210 | +177% |
| Cash at bank and in hand | 54/58 | €47,958 | €52,698 | +€4,740 | +9.9% |
| Deferred charges and accrued income | 490/1 | €9,028 | €7,339 | -€1,689 | -18.7% |
| Total equity and liabilities | 10/49 | €379,094 | €375,764 | -€3,330 | -0.9% |
| Equity | 10/15 | €172,665 | €193,388 | +€20,723 | +12.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €141,678 | €162,402 | +€20,723 | +14.6% |
| Distributable reserves | 133 | €141,678 | €162,402 | +€20,723 | +14.6% |
| Amounts payable | 17/49 | €206,429 | €182,376 | -€24,053 | -11.7% |
| Amounts payable after more than one year | 17 | €90,247 | €64,545 | -€25,702 | -28.5% |
| Financial debts | 170/4 | €90,247 | €64,545 | -€25,702 | -28.5% |
| Amounts payable within one year | 42/48 | €116,182 | €117,831 | +€1,649 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €28,950 | €25,702 | -€3,248 | -11.2% |
| Trade debts | 44 | €48,912 | €54,053 | +€5,141 | +10.5% |
| Suppliers | 440/4 | €48,912 | €54,053 | +€5,141 | +10.5% |
| Taxes, remuneration and social security | 45 | €12,372 | €12,324 | -€48 | -0.4% |
| Taxes | 450/3 | €3,313 | €2,593 | -€720 | -21.7% |
| Remuneration and social security | 454/9 | €9,059 | €9,731 | +€672 | +7.4% |
| Other amounts payable | 47/48 | €25,948 | €25,753 | -€195 | -0.8% |
| Remuneration, social security and pensions | 62 | €150,141 | €160,491 | +€10,350 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,435 | €35,460 | +€4,025 | +12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,819 | - | -€3,819 | |
| Other operating charges | 640/8 | €4,598 | €4,072 | -€526 | -11.4% |
| Gross operating margin | 9900 | €203,974 | €234,801 | +€30,827 | +15.1% |
| Operating profit (loss) | 9901 | €13,982 | €34,778 | +€20,797 | +149% |
| Financial income | 75/76B | €99 | €106 | +€7 | +7.2% |
| Recurring financial income | 75 | €99 | €106 | +€7 | +7.2% |
| Financial charges | 65/66B | €5,887 | €4,159 | -€1,728 | -29.3% |
| Recurring financial charges | 65 | €5,887 | €4,159 | -€1,728 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €8,194 | €30,725 | +€22,531 | +275% |
| Income taxes | 67/77 | €3,216 | €10,002 | +€6,786 | +211% |
| Profit (loss) for the period | 9904 | €4,978 | €20,723 | +€15,746 | +316% |
| Profit (loss) for the period to be appropriated | 9905 | €4,978 | €20,723 | +€15,746 | +316% |
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 2 November 2026 via checked.be.