ATIV: 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.
ATIV
Largest movements
- Receivables within one year +€59,957
up €59,957 (+69.1%), from €86,763 to €146,720
of which Trade receivables: +€70,603
- Cash -€3,414
down €3,414 (-3.4%), from €100,570 to €97,156
mainly Net result for the year (-€81,046) and Receivables within one year (-€59,957)
- Profit (loss) carried forward -€81,046
down €81,046, from €53,808 to -€27,238
- Trade debts +€64,725
up €64,725 (+216%), from €29,923 to €94,648
- Debts after one year +€53,603
new in 2025: €53,603
- Short-term financial debts +€13,029
up €13,029 (+2,126%), from €613 to €13,641
- Other debts +€3,880
up €3,880 (+4.4%), from €87,332 to €91,212
- Gross operating margin -€97,621
down €97,621, from €39,471 to -€58,150
- Other operating charges +€10,243
up €10,243 (+124%), from €8,247 to €18,491
- Taxes -€8,897
down €8,897 (-97.3%), from €9,142 to €245
- Financial charges +€1,412
up €1,412 (+175%), from €807 to €2,219
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 | €191,484 | €246,172 | +€54,688 | +28.6% |
| Fixed assets | 21/28 | €3,437 | €1,495 | -€1,942 | -56.5% |
| Tangible fixed assets | 22/27 | €3,237 | €1,295 | -€1,942 | -60.0% |
| Furniture and vehicles | 24 | €3,237 | €1,295 | -€1,942 | -60.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €188,047 | €244,677 | +€56,630 | +30.1% |
| Amounts receivable within one year | 40/41 | €86,763 | €146,720 | +€59,957 | +69.1% |
| Trade receivables | 40 | €75,449 | €146,052 | +€70,603 | +93.6% |
| Other amounts receivable | 41 | €11,314 | €668 | -€10,646 | -94.1% |
| Cash at bank and in hand | 54/58 | €100,570 | €97,156 | -€3,414 | -3.4% |
| Deferred charges and accrued income | 490/1 | €714 | €801 | +€87 | +12.2% |
| Total equity and liabilities | 10/49 | €191,484 | €246,172 | +€54,688 | +28.6% |
| Equity | 10/15 | €61,933 | -€19,113 | -€81,046 | |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,808 | -€27,238 | -€81,046 | |
| Amounts payable | 17/49 | €129,551 | €265,285 | +€135,734 | +105% |
| Amounts payable after more than one year | 17 | - | €53,603 | +€53,603 | |
| Financial debts | 170/4 | - | €53,603 | +€53,603 | |
| Amounts payable within one year | 42/48 | €129,551 | €211,664 | +€82,113 | +63.4% |
| Financial debts | 43 | €613 | €13,641 | +€13,029 | +2,126% |
| Credit institutions | 430/8 | €613 | €13,641 | +€13,029 | +2,126% |
| Trade debts | 44 | €29,923 | €94,648 | +€64,725 | +216% |
| Suppliers | 440/4 | €29,923 | €94,648 | +€64,725 | +216% |
| Taxes, remuneration and social security | 45 | €11,684 | €12,163 | +€479 | +4.1% |
| Taxes | 450/3 | €11,684 | €9,445 | -€2,239 | -19.2% |
| Remuneration and social security | 454/9 | - | €2,717 | +€2,717 | |
| Other amounts payable | 47/48 | €87,332 | €91,212 | +€3,880 | +4.4% |
| Accrued charges and deferred income | 492/3 | - | €18 | +€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,864 | €1,942 | +€78 | +4.2% |
| Other operating charges | 640/8 | €8,247 | €18,491 | +€10,243 | +124% |
| Gross operating margin | 9900 | €39,471 | -€58,150 | -€97,621 | |
| Operating profit (loss) | 9901 | €29,360 | -€78,583 | -€107,942 | |
| Financial income | 75/76B | €116 | - | -€116 | |
| Recurring financial income | 75 | €116 | - | -€116 | |
| Financial charges | 65/66B | €807 | €2,219 | +€1,412 | +175% |
| Recurring financial charges | 65 | €807 | €2,219 | +€1,412 | +175% |
| Profit (loss) for the period before taxes | 9903 | €28,668 | -€80,801 | -€109,470 | |
| Income taxes | 67/77 | €9,142 | €245 | -€8,897 | -97.3% |
| Profit (loss) for the period | 9904 | €19,526 | -€81,046 | -€100,572 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,526 | -€81,046 | -€100,572 |
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 28 October 2026 via checked.be.