Atlas Shrugged: what changed
Atlas Shrugged
Largest movements
- Receivables within one year +€20,818
up €20,818 (+119%), from €17,469 to €38,288
of which Other amounts receivable: +€28,625
- Current investments +€5,000
new in 2025: €5,000
- Deferred charges and accrued income -€4,857
down €4,857 (-98.5%), from €4,932 to €75
- Cash -€2,614
down €2,614 (-12.6%), from €20,825 to €18,211
mainly Receivables within one year (-€20,818) and Accrued charges and deferred income (-€14,934)
- Financial fixed assets +€2,450
up €2,450 (+213%), from €1,150 to €3,600
- Reserves +€49,890
up €49,890 (+2,524%), from €1,976 to €51,866
- Accrued charges and deferred income -€14,934
down €14,934 (-100%), from €14,934 to €0
- Other debts -€11,475
down €11,475 (-78.1%), from €14,690 to €3,215
- Tax, wage and social debts -€1,445
down €1,445 (-17.0%), from €8,523 to €7,078
- Trade debts -€1,238
down €1,238 (-70.6%), from €1,753 to €515
- Gross operating margin +€60,730
up €60,730 (+1,576%), from €3,853 to €64,584
- Taxes +€12,306
up €12,306 (+1,465%), from €840 to €13,146
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,376 | €65,173 | +€20,798 | +46.9% |
| Fixed assets | 21/28 | €1,150 | €3,600 | +€2,450 | +213% |
| Financial fixed assets | 28 | €1,150 | €3,600 | +€2,450 | +213% |
| Current assets | 29/58 | €43,226 | €61,573 | +€18,348 | +42.4% |
| Amounts receivable within one year | 40/41 | €17,469 | €38,288 | +€20,818 | +119% |
| Trade receivables | 40 | €16,881 | €9,075 | -€7,806 | -46.2% |
| Other amounts receivable | 41 | €588 | €29,213 | +€28,625 | +4,868% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €20,825 | €18,211 | -€2,614 | -12.6% |
| Deferred charges and accrued income | 490/1 | €4,932 | €75 | -€4,857 | -98.5% |
| Total equity and liabilities | 10/49 | €44,376 | €65,173 | +€20,798 | +46.9% |
| Equity | 10/15 | €4,476 | €54,366 | +€49,890 | +1,115% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €1,976 | €51,866 | +€49,890 | +2,524% |
| Distributable reserves | 133 | €1,976 | €51,866 | +€49,890 | +2,524% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €39,899 | €10,807 | -€29,092 | -72.9% |
| Amounts payable within one year | 42/48 | €24,965 | €10,807 | -€14,158 | -56.7% |
| Trade debts | 44 | €1,753 | €515 | -€1,238 | -70.6% |
| Suppliers | 440/4 | €1,753 | €515 | -€1,238 | -70.6% |
| Taxes, remuneration and social security | 45 | €8,523 | €7,078 | -€1,445 | -17.0% |
| Taxes | 450/3 | €8,523 | €7,078 | -€1,445 | -17.0% |
| Other amounts payable | 47/48 | €14,690 | €3,215 | -€11,475 | -78.1% |
| Accrued charges and deferred income | 492/3 | €14,934 | €0 | -€14,934 | -100% |
| Other operating charges | 640/8 | €502 | €513 | +€11 | +2.1% |
| Gross operating margin | 9900 | €3,853 | €64,584 | +€60,730 | +1,576% |
| Operating profit (loss) | 9901 | €3,351 | €64,070 | +€60,720 | +1,812% |
| Financial charges | 65/66B | €535 | €202 | -€333 | -62.3% |
| Recurring financial charges | 65 | €535 | €202 | -€333 | -62.3% |
| Profit (loss) for the period before taxes | 9903 | €2,816 | €63,869 | +€61,053 | +2,168% |
| Income taxes | 67/77 | €840 | €13,146 | +€12,306 | +1,465% |
| Profit (loss) for the period | 9904 | €1,976 | €50,723 | +€48,746 | +2,466% |
| Profit (loss) for the period to be appropriated | 9905 | €1,976 | €50,723 | +€48,746 | +2,466% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.