ATJR: 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.
ATJR
Largest movements
- Cash +€356,958
up €356,958 (+128.6%), from €277,603 to €634,561
mainly Trade debts (+€195,824) and Other debts (+€166,360)
- Receivables within one year -€21,525
down €21,525 (-26.0%), from €82,903 to €61,378
of which Trade receivables: -€21,461
- Trade debts +€195,824
up €195,824 (+389.1%), from €50,322 to €246,146
- Other debts +€166,360
up €166,360 (+205.2%), from €81,077 to €247,437
- Profit (loss) carried forward -€14,014
down €14,014 (-10.9%), from €128,031 to €114,016
- Financial income -€56,520
down €56,520 (-95.2%), from €59,377 to €2,858
- Gross operating margin -€22,154
down €22,154 (-93.3%), from €23,743 to €1,589
- Taxes -€9,466
down €9,466 (-63.9%), from €14,814 to €5,348
- Depreciation +€2,155
up €2,155 (+105.8%), from €2,038 to €4,193
- Financial charges +€558
up €558 (+9.4%), from €5,953 to €6,512
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €488,083 | €821,377 | +€333,294 | +68.3% |
| Fixed assets | 21/28 | €127,577 | €125,234 | -€2,343 | -1.8% |
| Tangible fixed assets | 22/27 | €126,557 | €124,964 | -€1,593 | -1.3% |
| Land and buildings | 22 | €125,667 | €122,152 | -€3,515 | -2.8% |
| Plant, machinery and equipment | 23 | €540 | €420 | -€120 | -22.2% |
| Furniture and vehicles | 24 | €350 | €2,392 | +€2,042 | +584.1% |
| Financial fixed assets | 28 | €1,020 | €270 | -€750 | -73.5% |
| Current assets | 29/58 | €360,506 | €696,143 | +€335,637 | +93.1% |
| Amounts receivable within one year | 40/41 | €82,903 | €61,378 | -€21,525 | -26.0% |
| Trade receivables | 40 | €63,224 | €41,763 | -€21,461 | -33.9% |
| Other amounts receivable | 41 | €19,679 | €19,616 | -€63 | -0.3% |
| Cash at bank and in hand | 54/58 | €277,603 | €634,561 | +€356,958 | +128.6% |
| Deferred charges and accrued income | 490/1 | - | €204 | +€204 | |
| Total equity and liabilities | 10/49 | €488,083 | €821,377 | +€333,294 | +68.3% |
| Equity | 10/15 | €242,714 | €228,700 | -€14,014 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,083 | €96,083 | = | 0.0% |
| Non-distributable reserves | 130/1 | €933 | €933 | = | 0.0% |
| Reserves not available under the articles | 1311 | €933 | €933 | = | 0.0% |
| Distributable reserves | 133 | €95,151 | €95,151 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,031 | €114,016 | -€14,014 | -10.9% |
| Amounts payable | 17/49 | €245,369 | €592,677 | +€347,309 | +141.5% |
| Amounts payable after more than one year | 17 | €78,994 | €70,845 | -€8,149 | -10.3% |
| Financial debts | 170/4 | €78,994 | €70,845 | -€8,149 | -10.3% |
| Amounts payable within one year | 42/48 | €166,374 | €521,832 | +€355,458 | +213.6% |
| Current portion of amounts payable after more than one year | 42 | €8,005 | €8,149 | +€144 | +1.8% |
| Trade debts | 44 | €50,322 | €246,146 | +€195,824 | +389.1% |
| Suppliers | 440/4 | €50,322 | €246,146 | +€195,824 | +389.1% |
| Taxes, remuneration and social security | 45 | €26,971 | €20,101 | -€6,870 | -25.5% |
| Taxes | 450/3 | €26,971 | €20,101 | -€6,870 | -25.5% |
| Other amounts payable | 47/48 | €81,077 | €247,437 | +€166,360 | +205.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,038 | €4,193 | +€2,155 | +105.8% |
| Other operating charges | 640/8 | €2,128 | €2,409 | +€281 | +13.2% |
| Non-recurring operating charges | 66A | €125 | - | -€125 | |
| Gross operating margin | 9900 | €23,743 | €1,589 | -€22,154 | -93.3% |
| Operating profit (loss) | 9901 | €19,453 | -€5,012 | -€24,465 | |
| Financial income | 75/76B | €59,377 | €2,858 | -€56,520 | -95.2% |
| Recurring financial income | 75 | €59,377 | €2,858 | -€56,520 | -95.2% |
| Financial charges | 65/66B | €5,953 | €6,512 | +€558 | +9.4% |
| Recurring financial charges | 65 | €5,953 | €6,512 | +€558 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €72,876 | -€8,667 | -€81,543 | |
| Income taxes | 67/77 | €14,814 | €5,348 | -€9,466 | -63.9% |
| Profit (loss) for the period | 9904 | €58,063 | -€14,014 | -€72,077 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,063 | -€14,014 | -€72,077 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.