ATLAS: 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.
ATLAS
Largest movements
- Tangible fixed assets +€23,410
new in 2025: €23,410
of which Other tangible fixed assets: +€21,681
- Receivables within one year +€20,222
up €20,222 (+119%), from €16,931 to €37,153
of which Other amounts receivable: +€26,959
- Cash -€3,218
down €3,218 (-56.2%), from €5,722 to €2,504
mainly Investment in fixed assets (net) (-€23,947) and Receivables within one year (-€20,222)
- Deferred charges and accrued income +€675
new in 2025: €675
- Reserves +€34,437
up €34,437 (+383%), from €8,982 to €43,419
- Tax, wage and social debts +€12,403
up €12,403 (+415%), from €2,991 to €15,394
- Trade debts -€5,768
down €5,768 (-74.9%), from €7,697 to €1,929
- Gross operating margin +€36,660
up €36,660 (+225%), from €16,322 to €52,982
- Taxes +€8,226
up €8,226 (+275%), from €2,991 to €11,217
- Other operating charges +€3,966
new in 2025: €3,966
- Depreciation -€2,430
down €2,430 (-81.4%), from €2,984 to €554
- Financial charges +€2,338
up €2,338 (+171%), from €1,365 to €3,703
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 | €22,670 | €63,743 | +€41,073 | +181% |
| Formation expenses | 20 | €16 | €0 | -€16 | -100% |
| Fixed assets | 21/28 | - | €23,410 | +€23,410 | |
| Tangible fixed assets | 22/27 | - | €23,410 | +€23,410 | |
| Plant, machinery and equipment | 23 | - | €1,179 | +€1,179 | |
| Furniture and vehicles | 24 | - | €550 | +€550 | |
| Other tangible fixed assets | 26 | - | €21,681 | +€21,681 | |
| Current assets | 29/58 | €22,654 | €40,333 | +€17,679 | +78.0% |
| Amounts receivable within one year | 40/41 | €16,931 | €37,153 | +€20,222 | +119% |
| Trade receivables | 40 | €13,287 | €6,550 | -€6,736 | -50.7% |
| Other amounts receivable | 41 | €3,645 | €30,603 | +€26,959 | +740% |
| Cash at bank and in hand | 54/58 | €5,722 | €2,504 | -€3,218 | -56.2% |
| Deferred charges and accrued income | 490/1 | - | €675 | +€675 | |
| Total equity and liabilities | 10/49 | €22,670 | €63,743 | +€41,073 | +181% |
| Equity | 10/15 | €11,982 | €46,419 | +€34,437 | +287% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,982 | €43,419 | +€34,437 | +383% |
| Distributable reserves | 133 | €8,982 | €43,419 | +€34,437 | +383% |
| Amounts payable | 17/49 | €10,688 | €17,324 | +€6,636 | +62.1% |
| Amounts payable within one year | 42/48 | €10,688 | €17,324 | +€6,636 | +62.1% |
| Trade debts | 44 | €7,697 | €1,929 | -€5,768 | -74.9% |
| Suppliers | 440/4 | €7,697 | €1,929 | -€5,768 | -74.9% |
| Taxes, remuneration and social security | 45 | €2,991 | €15,394 | +€12,403 | +415% |
| Taxes | 450/3 | €2,991 | €15,394 | +€12,403 | +415% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,984 | €554 | -€2,430 | -81.4% |
| Other operating charges | 640/8 | - | €3,966 | +€3,966 | |
| Gross operating margin | 9900 | €16,322 | €52,982 | +€36,660 | +225% |
| Operating profit (loss) | 9901 | €13,338 | €48,462 | +€35,124 | +263% |
| Financial income | 75/76B | €0 | €895 | +€895 | +8,948,600% |
| Recurring financial income | 75 | €0 | €895 | +€895 | +8,948,600% |
| Financial charges | 65/66B | €1,365 | €3,703 | +€2,338 | +171% |
| Recurring financial charges | 65 | €1,365 | €3,703 | +€2,338 | +171% |
| Profit (loss) for the period before taxes | 9903 | €11,973 | €45,654 | +€33,681 | +281% |
| Income taxes | 67/77 | €2,991 | €11,217 | +€8,226 | +275% |
| Profit (loss) for the period | 9904 | €8,982 | €34,437 | +€25,455 | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €8,982 | €34,437 | +€25,455 | +283% |
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 26 October 2026 via checked.be.