Atlantico: 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.
Atlantico
Largest movements
- Tangible fixed assets -€94,535
down €94,535 (-16.1%), from €586,755 to €492,221
of which Land and buildings: -€77,058
- Cash +€9,302
up €9,302 (+19.0%), from €48,932 to €58,234
mainly Depreciation (+€88,839) and Receivables after one year (+€7,762)
- Receivables after one year -€7,762
down €7,762 (-40.9%), from €18,975 to €11,213
- Debts after one year -€54,375
down €54,375 (-30.6%), from €177,906 to €123,530
- Current portion of long-term debt -€28,054
down €28,054 (-34.0%), from €82,429 to €54,375
- Other debts -€12,814
down €12,814 (-82.7%), from €15,500 to €2,686
- Gross operating margin +€25,897
up €25,897 (+35.2%), from €73,507 to €99,404
- Depreciation +€6,008
up €6,008 (+7.3%), from €82,830 to €88,839
- Financial charges -€4,108
down €4,108 (-26.4%), from €15,537 to €11,429
- Financial income -€2,404
down €2,404 (-19.4%), from €12,414 to €10,010
of which Non-recurring financial income: -€1,566
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 | €676,582 | €578,431 | -€98,152 | -14.5% |
| Fixed assets | 21/28 | €586,755 | €492,221 | -€94,535 | -16.1% |
| Tangible fixed assets | 22/27 | €586,755 | €492,221 | -€94,535 | -16.1% |
| Land and buildings | 22 | €566,148 | €489,090 | -€77,058 | -13.6% |
| Furniture and vehicles | 24 | €20,607 | €3,131 | -€17,476 | -84.8% |
| Current assets | 29/58 | €89,827 | €86,210 | -€3,617 | -4.0% |
| Amounts receivable after more than one year | 29 | €18,975 | €11,213 | -€7,762 | -40.9% |
| Other amounts receivable | 291 | €18,975 | €11,213 | -€7,762 | -40.9% |
| Amounts receivable within one year | 40/41 | €21,883 | €16,726 | -€5,157 | -23.6% |
| Trade receivables | 40 | €9,044 | - | -€9,044 | |
| Other amounts receivable | 41 | €12,840 | €16,726 | +€3,886 | +30.3% |
| Cash at bank and in hand | 54/58 | €48,932 | €58,234 | +€9,302 | +19.0% |
| Deferred charges and accrued income | 490/1 | €37 | €37 | +€0 | +0.7% |
| Total equity and liabilities | 10/49 | €676,582 | €578,431 | -€98,152 | -14.5% |
| Equity | 10/15 | €382,685 | €385,181 | +€2,496 | +0.7% |
| Contributions | 10/11 | €423,234 | €423,234 | = | 0.0% |
| Reserves | 13 | €31,826 | €31,826 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,322 | €9,322 | = | 0.0% |
| Distributable reserves | 133 | €22,504 | €22,504 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,028 | -€70,499 | +€3,529 | +4.8% |
| Investment grants | 15 | €1,653 | €620 | -€1,033 | -62.5% |
| Provisions and deferred taxes | 16 | €851 | €319 | -€532 | -62.5% |
| Deferred taxes | 168 | €851 | €319 | -€532 | -62.5% |
| Amounts payable | 17/49 | €293,047 | €192,931 | -€100,115 | -34.2% |
| Amounts payable after more than one year | 17 | €177,906 | €123,530 | -€54,375 | -30.6% |
| Financial debts | 170/4 | €177,906 | €123,530 | -€54,375 | -30.6% |
| Amounts payable within one year | 42/48 | €107,815 | €61,541 | -€46,274 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €82,429 | €54,375 | -€28,054 | -34.0% |
| Trade debts | 44 | €9,433 | €3,444 | -€5,988 | -63.5% |
| Suppliers | 440/4 | €9,433 | €3,444 | -€5,988 | -63.5% |
| Taxes, remuneration and social security | 45 | €454 | €1,035 | +€582 | +128% |
| Taxes | 450/3 | €454 | €1,035 | +€582 | +128% |
| Other amounts payable | 47/48 | €15,500 | €2,686 | -€12,814 | -82.7% |
| Accrued charges and deferred income | 492/3 | €7,326 | €7,860 | +€534 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,830 | €88,839 | +€6,008 | +7.3% |
| Other operating charges | 640/8 | €5,647 | €6,151 | +€503 | +8.9% |
| Gross operating margin | 9900 | €73,507 | €99,404 | +€25,897 | +35.2% |
| Operating profit (loss) | 9901 | -€14,970 | €4,415 | +€19,386 | |
| Financial income | 75/76B | €12,414 | €10,010 | -€2,404 | -19.4% |
| Recurring financial income | 75 | €2,825 | €1,987 | -€838 | -29.7% |
| Non-recurring financial income | 76B | €9,589 | €8,023 | -€1,566 | -16.3% |
| Financial charges | 65/66B | €15,537 | €11,429 | -€4,108 | -26.4% |
| Recurring financial charges | 65 | €15,537 | €11,429 | -€4,108 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,093 | €2,997 | +€21,090 | |
| Transfer from deferred taxes | 780 | €532 | €532 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€17,561 | €3,529 | +€21,090 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,561 | €3,529 | +€21,090 |
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 14 October 2026 via checked.be.