ATLAS IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€79,640
down €79,640 (-31.0%), from €256,882 to €177,242
of which Furniture and vehicles: -€76,082
- Cash +€14,849
up €14,849 (+20.2%), from €73,629 to €88,478
mainly Depreciation (+€115,160) and Current portion of long-term debt (+€10,679)
- Current investments +€12,000
new in 2025: €12,000
- Other debts -€30,550
down €30,550 (-66.6%), from €45,883 to €15,334
- Debts after one year -€28,306
down €28,306 (-35.5%), from €79,781 to €51,475
- Accrued charges and deferred income -€17,038
no longer reported in 2025 (was €17,038)
- Current portion of long-term debt +€10,679
up €10,679 (+27.2%), from €39,277 to €49,956
- Trade debts +€7,953
up €7,953 (+37.6%), from €21,176 to €29,129
- Depreciation +€89,151
up €89,151 (+343%), from €26,009 to €115,160
- Gross operating margin +€43,272
up €43,272 (+23.5%), from €184,208 to €227,480
- Staff costs -€27,551
down €27,551 (-28.0%), from €98,547 to €70,996
- Taxes +€13,679
up €13,679 (+90.1%), from €15,183 to €28,862
- Other operating charges -€3,498
down €3,498 (-38.0%), from €9,211 to €5,712
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 | €336,911 | €283,974 | -€52,937 | -15.7% |
| Fixed assets | 21/28 | €258,262 | €178,622 | -€79,640 | -30.8% |
| Tangible fixed assets | 22/27 | €256,882 | €177,242 | -€79,640 | -31.0% |
| Plant, machinery and equipment | 23 | - | €328 | +€328 | |
| Furniture and vehicles | 24 | €224,640 | €148,558 | -€76,082 | -33.9% |
| Other tangible fixed assets | 26 | €32,242 | €28,356 | -€3,886 | -12.1% |
| Financial fixed assets | 28 | €1,380 | €1,380 | = | 0.0% |
| Current assets | 29/58 | €78,650 | €105,352 | +€26,703 | +34.0% |
| Amounts receivable within one year | 40/41 | €5,021 | €4,875 | -€146 | -2.9% |
| Trade receivables | 40 | €273 | €2,734 | +€2,461 | +901% |
| Other amounts receivable | 41 | €4,748 | €2,141 | -€2,607 | -54.9% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €73,629 | €88,478 | +€14,849 | +20.2% |
| Total equity and liabilities | 10/49 | €336,911 | €283,974 | -€52,937 | -15.7% |
| Equity | 10/15 | €114,364 | €117,251 | +€2,887 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,091 | €24,091 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €3,481 | €3,481 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,673 | €74,560 | +€2,887 | +4.0% |
| Amounts payable | 17/49 | €222,548 | €166,723 | -€55,824 | -25.1% |
| Amounts payable after more than one year | 17 | €79,781 | €51,475 | -€28,306 | -35.5% |
| Financial debts | 170/4 | €79,781 | €51,475 | -€28,306 | -35.5% |
| Amounts payable within one year | 42/48 | €125,729 | €115,249 | -€10,480 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €39,277 | €49,956 | +€10,679 | +27.2% |
| Trade debts | 44 | €21,176 | €29,129 | +€7,953 | +37.6% |
| Suppliers | 440/4 | €21,176 | €29,129 | +€7,953 | +37.6% |
| Taxes, remuneration and social security | 45 | €19,393 | €20,831 | +€1,437 | +7.4% |
| Taxes | 450/3 | €3,642 | €11,204 | +€7,563 | +208% |
| Remuneration and social security | 454/9 | €15,752 | €9,626 | -€6,125 | -38.9% |
| Other amounts payable | 47/48 | €45,883 | €15,334 | -€30,550 | -66.6% |
| Accrued charges and deferred income | 492/3 | €17,038 | - | -€17,038 | |
| Non-recurring operating income | 76A | - | €3,766 | +€3,766 | |
| Remuneration, social security and pensions | 62 | €98,547 | €70,996 | -€27,551 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,009 | €115,160 | +€89,151 | +343% |
| Other operating charges | 640/8 | €9,211 | €5,712 | -€3,498 | -38.0% |
| Gross operating margin | 9900 | €184,208 | €227,480 | +€43,272 | +23.5% |
| Operating profit (loss) | 9901 | €50,441 | €35,611 | -€14,830 | -29.4% |
| Financial income | 75/76B | €82 | €546 | +€464 | +565% |
| Recurring financial income | 75 | €82 | €546 | +€464 | +565% |
| Financial charges | 65/66B | €3,419 | €4,408 | +€989 | +28.9% |
| Recurring financial charges | 65 | €3,419 | €4,408 | +€989 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €47,104 | €31,749 | -€15,355 | -32.6% |
| Income taxes | 67/77 | €15,183 | €28,862 | +€13,679 | +90.1% |
| Profit (loss) for the period | 9904 | €31,921 | €2,887 | -€29,034 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,921 | €2,887 | -€29,034 | -91.0% |
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 29 October 2026 via checked.be.