ATIRIO: what changed
What changed
ATIRIO
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
-€139,816
2024 · -€52,206-€87,610
Equity
-€212,001
2024 · -€72,185-€139,816
Cash
€54,427
2024 · €73,657-€19,230
Balance sheet total
€298,355
2024 · €398,122-€99,768
Largest movements
Assets
- Receivables within one year -€40,340
down €40,340 (-24.4%), from €165,580 to €125,240
of which Trade receivables: -€40,689
- Tangible fixed assets -€33,560
down €33,560 (-35.7%), from €93,973 to €60,413
of which Plant, machinery and equipment: -€24,198
- Cash -€19,230
down €19,230 (-26.1%), from €73,657 to €54,427
mainly Net result for the year (-€139,816) and Tax, wage and social debts (-€42,310)
- Intangible fixed assets -€7,106
down €7,106 (-30.0%), from €23,671 to €16,565
- Stocks and contracts +€5,098
up €5,098 (+30.0%), from €17,017 to €22,115
Equity and liabilities
- Profit (loss) carried forward -€139,816
down €139,816 (-170%), from -€82,185 to -€222,001
- Debts after one year +€65,007
up €65,007 (+26.7%), from €243,561 to €308,568
- Tax, wage and social debts -€42,310
down €42,310 (-47.7%), from €88,624 to €46,314
of which Remuneration and social security: -€38,618
- Trade debts +€16,934
up €16,934 (+34.8%), from €48,599 to €65,533
- Advances received +€9,821
new in 2025: €9,821
Income statement
- Gross operating margin -€91,796
down €91,796 (-20.1%), from €455,816 to €364,020
- Staff costs -€11,127
down €11,127 (-2.5%), from €447,385 to €436,258
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.
Result 2024
-€52,206
Gross operating margin
-€91,796
Staff costs
+€11,127
Depreciation
-€725
Other operating charges
-€1,560
Other operating items
-€464
Financial income
-€3,479
Financial charges
-€1,207
Taxes
+€494
Result 2025
-€139,816
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€72,169
Investment
-€2,032
Financing
+€54,971
Cash 2024
€73,657
From operations (derived)
-€72,169
Net result for the year
-€139,816
Depreciation
+€43,759
Stocks and contracts
-€5,098
Receivables within one year
+€40,340
Deferred charges and accrued income
+€3,568
Trade debts
+€16,934
Tax, wage and social debts
-€42,310
Advances received
+€9,821
Other debts
+€250
Accrued charges and deferred income
+€383
Investment (derived)
-€2,032
Investment in fixed assets (net)
-€2,032
Financing
+€54,971
Debts after one year
+€65,007
Current portion of long-term debt
-€7,786
Short-term financial debts
-€2,251
Cash 2025
€54,427
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €398,122 | €298,355 | -€99,768 | -25.1% |
| Formation expenses | 20 | €2,937 | €1,875 | -€1,062 | -36.2% |
| Fixed assets | 21/28 | €117,644 | €76,979 | -€40,665 | -34.6% |
| Intangible fixed assets | 21 | €23,671 | €16,565 | -€7,106 | -30.0% |
| Tangible fixed assets | 22/27 | €93,973 | €60,413 | -€33,560 | -35.7% |
| Plant, machinery and equipment | 23 | €71,343 | €47,145 | -€24,198 | -33.9% |
| Furniture and vehicles | 24 | €22,630 | €13,268 | -€9,361 | -41.4% |
| Current assets | 29/58 | €277,541 | €219,502 | -€58,040 | -20.9% |
| Stocks and contracts in progress | 3 | €17,017 | €22,115 | +€5,098 | +30.0% |
| Stocks | 30/36 | €17,017 | €22,115 | +€5,098 | +30.0% |
| Amounts receivable within one year | 40/41 | €165,580 | €125,240 | -€40,340 | -24.4% |
| Trade receivables | 40 | €165,580 | €124,891 | -€40,689 | -24.6% |
| Other amounts receivable | 41 | - | €349 | +€349 | |
| Cash at bank and in hand | 54/58 | €73,657 | €54,427 | -€19,230 | -26.1% |
| Deferred charges and accrued income | 490/1 | €21,287 | €17,720 | -€3,568 | -16.8% |
| Total equity and liabilities | 10/49 | €398,122 | €298,355 | -€99,768 | -25.1% |
| Equity | 10/15 | -€72,185 | -€212,001 | -€139,816 | -194% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,185 | -€222,001 | -€139,816 | -170% |
| Amounts payable | 17/49 | €470,308 | €510,356 | +€40,048 | +8.5% |
| Amounts payable after more than one year | 17 | €243,561 | €308,568 | +€65,007 | +26.7% |
| Financial debts | 170/4 | €243,561 | €308,568 | +€65,007 | +26.7% |
| Amounts payable within one year | 42/48 | €226,379 | €201,038 | -€25,341 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €51,144 | €43,358 | -€7,786 | -15.2% |
| Financial debts | 43 | €35,642 | €33,391 | -€2,251 | -6.3% |
| Credit institutions | 430/8 | €35,642 | €33,391 | -€2,251 | -6.3% |
| Trade debts | 44 | €48,599 | €65,533 | +€16,934 | +34.8% |
| Suppliers | 440/4 | €48,599 | €65,533 | +€16,934 | +34.8% |
| Advances received on contracts in progress | 46 | - | €9,821 | +€9,821 | |
| Taxes, remuneration and social security | 45 | €88,624 | €46,314 | -€42,310 | -47.7% |
| Taxes | 450/3 | €18,535 | €14,843 | -€3,692 | -19.9% |
| Remuneration and social security | 454/9 | €70,089 | €31,470 | -€38,618 | -55.1% |
| Other amounts payable | 47/48 | €2,371 | €2,621 | +€250 | +10.6% |
| Accrued charges and deferred income | 492/3 | €367 | €749 | +€383 | +104% |
| Remuneration, social security and pensions | 62 | €447,385 | €436,258 | -€11,127 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,034 | €43,759 | +€725 | +1.7% |
| Other operating charges | 640/8 | €1,473 | €3,033 | +€1,560 | +106% |
| Non-recurring operating charges | 66A | - | €464 | +€464 | |
| Gross operating margin | 9900 | €455,816 | €364,020 | -€91,796 | -20.1% |
| Operating profit (loss) | 9901 | -€36,076 | -€119,495 | -€83,418 | -231% |
| Financial income | 75/76B | €4,225 | €746 | -€3,479 | -82.3% |
| Recurring financial income | 75 | €112 | €746 | +€634 | +564% |
| Non-recurring financial income | 76B | €4,113 | - | -€4,113 | |
| Financial charges | 65/66B | €18,704 | €19,911 | +€1,207 | +6.5% |
| Recurring financial charges | 65 | €18,704 | €19,911 | +€1,207 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€50,555 | -€138,659 | -€88,104 | -174% |
| Income taxes | 67/77 | €1,651 | €1,157 | -€494 | -29.9% |
| Profit (loss) for the period | 9904 | -€52,206 | -€139,816 | -€87,610 | -168% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,206 | -€139,816 | -€87,610 | -168% |
Next steps
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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 3 November 2026 via checked.be.