ATLANTIC SEAFOODS: 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.
What changed
ATLANTIC SEAFOODS
NACE 46.391, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,168
2024 · €25,176-€18,008
Equity
€465,695
2024 · €458,527+€7,168
Cash
€2,338
2024 · €4,982-€2,644
Balance sheet total
€1.3m
2024 · €1.1m+€183,921
Largest movements
Assets
- Receivables within one year +€189,879
up €189,879 (+52.7%), from €360,147 to €550,026
of which Other amounts receivable: +€103,660
Equity and liabilities
- Trade debts +€161,691
up €161,691 (+30.8%), from €525,496 to €687,188
- Tax, wage and social debts +€22,342
up €22,342 (+131%), from €17,077 to €39,419
of which Remuneration and social security: +€19,014
Income statement
- Gross operating margin -€25,032
down €25,032 (-10.2%), from €244,419 to €219,386
- Staff costs +€19,720
up €19,720 (+12.8%), from €153,610 to €173,330
- Other operating charges -€11,944
down €11,944 (-80.6%), from €14,815 to €2,870
- Taxes -€7,717
down €7,717 (-58.7%), from €13,147 to €5,430
- Write-downs -€6,572
no longer reported in 2025 (was €6,572)
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.
Result 2024
€25,176
Gross operating margin
-€25,032
Staff costs
-€19,720
Depreciation
+€1,429
Write-downs
+€6,572
Other operating charges
+€11,944
Other operating items
+€946
Financial income
-€1
Financial charges
-€1,863
Taxes
+€7,717
Result 2025
€7,168
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€23,649
Investment
-€19,213
Financing
-€7,080
Cash 2024
€4,982
From operations (derived)
+€23,649
Net result for the year
+€7,168
Depreciation
+€21,343
Stocks and contracts
-€1,101
Receivables within one year
-€189,879
Deferred charges and accrued income
+€2,284
Trade debts
+€161,691
Tax, wage and social debts
+€22,342
Other debts
-€200
Investment (derived)
-€19,213
Investment in fixed assets (net)
-€19,213
Financing
-€7,080
Debts after one year
-€2,992
Current portion of long-term debt
-€6,612
Short-term financial debts
+€2,524
Cash 2025
€2,338
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,090,232 | €1,274,153 | +€183,921 | +16.9% |
| Fixed assets | 21/28 | €84,843 | €82,712 | -€2,131 | -2.5% |
| Tangible fixed assets | 22/27 | €67,318 | €65,188 | -€2,131 | -3.2% |
| Plant, machinery and equipment | 23 | €12,365 | €11,860 | -€505 | -4.1% |
| Furniture and vehicles | 24 | €22,556 | €24,027 | +€1,471 | +6.5% |
| Other tangible fixed assets | 26 | €32,397 | €29,301 | -€3,096 | -9.6% |
| Financial fixed assets | 28 | €17,524 | €17,524 | = | 0.0% |
| Current assets | 29/58 | €1,005,390 | €1,191,441 | +€186,051 | +18.5% |
| Stocks and contracts in progress | 3 | €635,309 | €636,410 | +€1,101 | +0.2% |
| Stocks | 30/36 | €635,309 | €636,410 | +€1,101 | +0.2% |
| Amounts receivable within one year | 40/41 | €360,147 | €550,026 | +€189,879 | +52.7% |
| Trade receivables | 40 | €338,909 | €425,128 | +€86,219 | +25.4% |
| Other amounts receivable | 41 | €21,238 | €124,898 | +€103,660 | +488% |
| Cash at bank and in hand | 54/58 | €4,982 | €2,338 | -€2,644 | -53.1% |
| Deferred charges and accrued income | 490/1 | €4,951 | €2,667 | -€2,284 | -46.1% |
| Total equity and liabilities | 10/49 | €1,090,232 | €1,274,153 | +€183,921 | +16.9% |
| Equity | 10/15 | €458,527 | €465,695 | +€7,168 | +1.6% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €233,928 | €233,928 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,381 | €4,381 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,381 | €4,381 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,547 | €29,547 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181,217 | €188,385 | +€7,168 | +4.0% |
| Amounts payable | 17/49 | €631,705 | €808,458 | +€176,752 | +28.0% |
| Amounts payable after more than one year | 17 | €5,071 | €2,079 | -€2,992 | -59.0% |
| Financial debts | 170/4 | €5,071 | €2,079 | -€2,992 | -59.0% |
| Amounts payable within one year | 42/48 | €626,635 | €806,379 | +€179,745 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €17,310 | €10,698 | -€6,612 | -38.2% |
| Financial debts | 43 | €38,831 | €41,355 | +€2,524 | +6.5% |
| Credit institutions | 430/8 | €38,831 | €41,355 | +€2,524 | +6.5% |
| Trade debts | 44 | €525,496 | €687,188 | +€161,691 | +30.8% |
| Suppliers | 440/4 | €525,496 | €687,188 | +€161,691 | +30.8% |
| Taxes, remuneration and social security | 45 | €17,077 | €39,419 | +€22,342 | +131% |
| Taxes | 450/3 | €9,843 | €13,170 | +€3,327 | +33.8% |
| Remuneration and social security | 454/9 | €7,235 | €26,249 | +€19,014 | +263% |
| Other amounts payable | 47/48 | €27,920 | €27,720 | -€200 | -0.7% |
| Remuneration, social security and pensions | 62 | €153,610 | €173,330 | +€19,720 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,772 | €21,343 | -€1,429 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,572 | - | -€6,572 | |
| Other operating charges | 640/8 | €14,815 | €2,870 | -€11,944 | -80.6% |
| Non-recurring operating charges | 66A | €946 | - | -€946 | |
| Gross operating margin | 9900 | €244,419 | €219,386 | -€25,032 | -10.2% |
| Operating profit (loss) | 9901 | €45,704 | €21,843 | -€23,861 | -52.2% |
| Financial income | 75/76B | €10 | €9 | -€1 | -5.5% |
| Recurring financial income | 75 | €10 | €9 | -€1 | -5.5% |
| Financial charges | 65/66B | €7,391 | €9,254 | +€1,863 | +25.2% |
| Recurring financial charges | 65 | €7,391 | €9,254 | +€1,863 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €38,323 | €12,598 | -€25,725 | -67.1% |
| Income taxes | 67/77 | €13,147 | €5,430 | -€7,717 | -58.7% |
| Profit (loss) for the period | 9904 | €25,176 | €7,168 | -€18,008 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,176 | €7,168 | -€18,008 | -71.5% |
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 31 October 2026 via checked.be.