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
- Stocks and contracts -€24,024
down €24,024 (-47.2%), from €50,924 to €26,900
- Tangible fixed assets -€14,687
down €14,687 (-29.7%), from €49,434 to €34,747
of which Plant, machinery and equipment: -€14,250
- Cash +€12,776
up €12,776 (+27.1%), from €47,172 to €59,947
mainly Tax, wage and social debts (+€30,704) and Stocks and contracts (+€24,024)
- Profit (loss) carried forward -€73,586
down €73,586, from €67,677 to -€5,909
- Tax, wage and social debts +€30,704
up €30,704 (+86.5%), from €35,476 to €66,180
of which Remuneration and social security: +€34,739
- Trade debts +€17,219
up €17,219 (+48.6%), from €35,432 to €52,651
- Staff costs +€64,440
up €64,440 (+48.6%), from €132,484 to €196,924
- Gross operating margin +€19,446
up €19,446 (+16.2%), from €120,098 to €139,544
- Depreciation -€10,074
down €10,074 (-40.7%), from €24,761 to €14,687
- Taxes -€4,411
no longer reported in 2024 (was €4,411)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €188,586 | €162,922 | -€25,663 | -13.6% |
| Fixed assets | 21/28 | €55,467 | €40,780 | -€14,687 | -26.5% |
| Tangible fixed assets | 22/27 | €49,434 | €34,747 | -€14,687 | -29.7% |
| Plant, machinery and equipment | 23 | €45,367 | €31,117 | -€14,250 | -31.4% |
| Other tangible fixed assets | 26 | €4,067 | €3,630 | -€437 | -10.8% |
| Financial fixed assets | 28 | €6,033 | €6,033 | = | 0.0% |
| Current assets | 29/58 | €133,118 | €122,142 | -€10,976 | -8.2% |
| Stocks and contracts in progress | 3 | €50,924 | €26,900 | -€24,024 | -47.2% |
| Stocks | 30/36 | €50,924 | €26,900 | -€24,024 | -47.2% |
| Amounts receivable within one year | 40/41 | €35,023 | €35,296 | +€273 | +0.8% |
| Trade receivables | 40 | €2,850 | €3,376 | +€526 | +18.4% |
| Other amounts receivable | 41 | €32,173 | €31,920 | -€253 | -0.8% |
| Cash at bank and in hand | 54/58 | €47,172 | €59,947 | +€12,776 | +27.1% |
| Total equity and liabilities | 10/49 | €188,586 | €162,922 | -€25,663 | -13.6% |
| Equity | 10/15 | €117,677 | €44,091 | -€73,586 | -62.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | €50,000 | = | 0.0% |
| Issued capital | 100 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,677 | -€5,909 | -€73,586 | |
| Amounts payable | 17/49 | €70,909 | €118,831 | +€47,923 | +67.6% |
| Amounts payable within one year | 42/48 | €70,909 | €118,831 | +€47,923 | +67.6% |
| Trade debts | 44 | €35,432 | €52,651 | +€17,219 | +48.6% |
| Suppliers | 440/4 | €35,432 | €52,651 | +€17,219 | +48.6% |
| Taxes, remuneration and social security | 45 | €35,476 | €66,180 | +€30,704 | +86.5% |
| Taxes | 450/3 | €4,394 | €359 | -€4,035 | -91.8% |
| Remuneration and social security | 454/9 | €31,083 | €65,822 | +€34,739 | +111.8% |
| Remuneration, social security and pensions | 62 | €132,484 | €196,924 | +€64,440 | +48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,761 | €14,687 | -€10,074 | -40.7% |
| Other operating charges | 640/8 | €829 | €1,496 | +€667 | +80.5% |
| Gross operating margin | 9900 | €120,098 | €139,544 | +€19,446 | +16.2% |
| Operating profit (loss) | 9901 | -€37,976 | -€73,563 | -€35,587 | -93.7% |
| Financial income | 75/76B | €91 | €83 | -€7 | -8.1% |
| Recurring financial income | 75 | €91 | €83 | -€7 | -8.1% |
| Financial charges | 65/66B | €89 | €106 | +€17 | +19.4% |
| Recurring financial charges | 65 | €89 | €106 | +€17 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,974 | -€73,586 | -€35,612 | -93.8% |
| Income taxes | 67/77 | €4,411 | - | -€4,411 | |
| Profit (loss) for the period | 9904 | -€42,386 | -€73,586 | -€31,200 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,386 | -€73,586 | -€31,200 | -73.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.