ATLAS: 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.
ATLAS
Largest movements
- Receivables within one year +€22,726
up €22,726 (+83.5%), from €27,206 to €49,931
of which Other amounts receivable: +€27,461
- Tangible fixed assets -€9,963
down €9,963 (-2.6%), from €381,523 to €371,560
of which Land and buildings: -€8,683
- Cash -€8,480
down €8,480 (-42.8%), from €19,804 to €11,324
mainly Receivables within one year (-€22,726) and Deferred charges and accrued income (-€3,363)
- Reserves +€7,300
up €7,300 (+3.8%), from €194,650 to €201,950
of which Distributable reserves: +€7,300
- Gross operating margin +€13,637
up €13,637 (+98.0%), from €13,919 to €27,556
- Taxes +€6,274
up €6,274 (+1715.6%), from €366 to €6,640
- Financial income -€1,908
down €1,908 (-72.3%), from €2,637 to €730
- Financial charges -€672
down €672 (-53.7%), from €1,253 to €580
- Depreciation -€337
down €337 (-3.3%), from €10,300 to €9,963
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.
Cash bridge derived
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 | €455,163 | €462,808 | +€7,646 | +1.7% |
| Fixed assets | 21/28 | €384,023 | €374,060 | -€9,963 | -2.6% |
| Tangible fixed assets | 22/27 | €381,523 | €371,560 | -€9,963 | -2.6% |
| Land and buildings | 22 | €368,433 | €359,750 | -€8,683 | -2.4% |
| Plant, machinery and equipment | 23 | €12,905 | €11,810 | -€1,095 | -8.5% |
| Furniture and vehicles | 24 | €185 | - | -€185 | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €71,140 | €88,749 | +€17,609 | +24.8% |
| Amounts receivable within one year | 40/41 | €27,206 | €49,931 | +€22,726 | +83.5% |
| Trade receivables | 40 | €20,206 | €15,471 | -€4,735 | -23.4% |
| Other amounts receivable | 41 | €7,000 | €34,461 | +€27,461 | +392.3% |
| Cash at bank and in hand | 54/58 | €19,804 | €11,324 | -€8,480 | -42.8% |
| Deferred charges and accrued income | 490/1 | €24,130 | €27,493 | +€3,363 | +13.9% |
| Total equity and liabilities | 10/49 | €455,163 | €462,808 | +€7,646 | +1.7% |
| Equity | 10/15 | €435,187 | €442,501 | +€7,314 | +1.7% |
| Contributions | 10/11 | €246,500 | €246,500 | = | 0.0% |
| Capital | 10 | €246,500 | €246,500 | = | 0.0% |
| Issued capital | 100 | €246,500 | €246,500 | = | 0.0% |
| Reserves | 13 | €194,650 | €201,950 | +€7,300 | +3.8% |
| Non-distributable reserves | 130/1 | €24,650 | €24,650 | = | 0.0% |
| Legal reserve | 130 | €24,650 | €24,650 | = | 0.0% |
| Distributable reserves | 133 | €170,000 | €177,300 | +€7,300 | +4.3% |
| Profit (loss) carried forward | 14 | -€5,963 | -€5,949 | +€14 | +0.2% |
| Amounts payable | 17/49 | €19,975 | €20,308 | +€332 | +1.7% |
| Amounts payable within one year | 42/48 | €10,022 | €10,130 | +€107 | +1.1% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Other loans | 439 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €2,038 | €2,797 | +€759 | +37.3% |
| Suppliers | 440/4 | €2,038 | €2,797 | +€759 | +37.3% |
| Taxes, remuneration and social security | 45 | €2,134 | €2,332 | +€198 | +9.3% |
| Taxes | 450/3 | €2,134 | €2,332 | +€198 | +9.3% |
| Other amounts payable | 47/48 | €850 | - | -€850 | |
| Accrued charges and deferred income | 492/3 | €9,953 | €10,178 | +€225 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,300 | €9,963 | -€337 | -3.3% |
| Other operating charges | 640/8 | €3,847 | €3,789 | -€58 | -1.5% |
| Gross operating margin | 9900 | €13,919 | €27,556 | +€13,637 | +98.0% |
| Operating profit (loss) | 9901 | -€228 | €13,804 | +€14,032 | |
| Financial income | 75/76B | €2,637 | €730 | -€1,908 | -72.3% |
| Recurring financial income | 75 | €2,637 | €730 | -€1,908 | -72.3% |
| Financial charges | 65/66B | €1,253 | €580 | -€672 | -53.7% |
| Recurring financial charges | 65 | €1,253 | €580 | -€672 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €1,157 | €13,953 | +€12,796 | +1106.0% |
| Income taxes | 67/77 | €366 | €6,640 | +€6,274 | +1715.6% |
| Profit (loss) for the period | 9904 | €791 | €7,314 | +€6,522 | +824.2% |
| Profit (loss) for the period to be appropriated | 9905 | €791 | €7,314 | +€6,522 | +824.2% |
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 3 October 2026 via checked.be.