ATL MANAGEMENT: 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.
ATL MANAGEMENT
Largest movements
- Cash +€45,319
up €45,319 (+78.7%), from €57,582 to €102,901
mainly Net result for the year (+€48,004) and Tax, wage and social debts (+€22,763)
- Tangible fixed assets -€17,829
down €17,829 (-20.3%), from €87,813 to €69,984
of which Furniture and vehicles: -€15,337
- Receivables within one year +€6,292
up €6,292 (+44.1%), from €14,278 to €20,570
- Debts after one year -€41,027
down €41,027 (-22.1%), from €185,718 to €144,691
- Profit (loss) carried forward +€38,004
up €38,004 (+125%), from €30,408 to €68,411
- Tax, wage and social debts +€22,763
up €22,763 (+47.9%), from €47,493 to €70,256
of which Taxes: +€22,763
- Other debts +€9,469
up €9,469 (+1,642%), from €577 to €10,046
- Turnover -€266,600
no longer reported in 2025 (was €266,600)
- Purchases and services -€130,710
no longer reported in 2025 (was €130,710)
- Gross operating margin -€42,906
down €42,906 (-31.3%), from €136,994 to €94,088
- Taxes -€15,573
down €15,573 (-45.8%), from €33,975 to €18,403
- Depreciation +€12,875
up €12,875 (+260%), from €4,954 to €17,829
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 | €373,673 | €407,614 | +€33,941 | +9.1% |
| Fixed assets | 21/28 | €301,813 | €284,144 | -€17,669 | -5.9% |
| Tangible fixed assets | 22/27 | €87,813 | €69,984 | -€17,829 | -20.3% |
| Land and buildings | 22 | €16,688 | €14,197 | -€2,491 | -14.9% |
| Furniture and vehicles | 24 | €71,125 | €55,787 | -€15,337 | -21.6% |
| Financial fixed assets | 28 | €214,000 | €214,160 | +€160 | +0.1% |
| Current assets | 29/58 | €71,860 | €123,471 | +€51,611 | +71.8% |
| Amounts receivable within one year | 40/41 | €14,278 | €20,570 | +€6,292 | +44.1% |
| Trade receivables | 40 | €14,278 | €20,570 | +€6,292 | +44.1% |
| Cash at bank and in hand | 54/58 | €57,582 | €102,901 | +€45,319 | +78.7% |
| Total equity and liabilities | 10/49 | €373,673 | €407,614 | +€33,941 | +9.1% |
| Equity | 10/15 | €100,408 | €138,411 | +€38,004 | +37.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,408 | €68,411 | +€38,004 | +125% |
| Amounts payable | 17/49 | €273,265 | €269,203 | -€4,062 | -1.5% |
| Amounts payable after more than one year | 17 | €185,718 | €144,691 | -€41,027 | -22.1% |
| Financial debts | 170/4 | €185,718 | €144,691 | -€41,027 | -22.1% |
| Amounts payable within one year | 42/48 | €87,547 | €124,512 | +€36,965 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €39,262 | €41,027 | +€1,765 | +4.5% |
| Trade debts | 44 | €216 | €3,184 | +€2,968 | +1,376% |
| Suppliers | 440/4 | €216 | €3,184 | +€2,968 | +1,376% |
| Taxes, remuneration and social security | 45 | €47,493 | €70,256 | +€22,763 | +47.9% |
| Taxes | 450/3 | €44,993 | €67,756 | +€22,763 | +50.6% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €577 | €10,046 | +€9,469 | +1,642% |
| Turnover | 70 | €266,600 | - | -€266,600 | |
| Goods, raw materials, services and sundry goods | 60/61 | €130,710 | - | -€130,710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,954 | €17,829 | +€12,875 | +260% |
| Other operating charges | 640/8 | €3,014 | €766 | -€2,247 | -74.6% |
| Gross operating margin | 9900 | €136,994 | €94,088 | -€42,906 | -31.3% |
| Operating profit (loss) | 9901 | €129,027 | €75,493 | -€53,534 | -41.5% |
| Financial income | 75/76B | €627 | €577 | -€50 | -8.0% |
| Recurring financial income | 75 | €627 | €577 | -€50 | -8.0% |
| Financial charges | 65/66B | €15,272 | €9,664 | -€5,608 | -36.7% |
| Recurring financial charges | 65 | €15,272 | €9,664 | -€5,608 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €114,383 | €66,406 | -€47,977 | -41.9% |
| Income taxes | 67/77 | €33,975 | €18,403 | -€15,573 | -45.8% |
| Profit (loss) for the period | 9904 | €80,408 | €48,004 | -€32,404 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,408 | €48,004 | -€32,404 | -40.3% |
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 25 October 2026 via checked.be.