Atlas VDV: 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 VDV
Largest movements
- Cash +€34,700
up €34,700 (+693%), from €5,010 to €39,710
mainly Net result for the year (+€54,971) and Tax, wage and social debts (+€11,356)
- Receivables within one year -€9,500
down €9,500 (-100%), from €9,500 to €0
of which Trade receivables: -€9,500
- Tangible fixed assets -€9,125
down €9,125 (-23.7%), from €38,542 to €29,417
of which Furniture and vehicles: -€8,925
- Profit (loss) carried forward +€54,045
up €54,045 (+99.3%), from €54,401 to €108,446
- Debts after one year -€47,536
down €47,536 (-23.7%), from €200,515 to €152,980
- Tax, wage and social debts +€11,356
up €11,356 (+81.3%), from €13,976 to €25,332
- Other debts -€6,454
down €6,454 (-10.7%), from €60,277 to €53,823
- Gross operating margin +€26,846
up €26,846 (+40.4%), from €66,428 to €93,274
- Taxes +€5,919
up €5,919 (+68.6%), from €8,628 to €14,547
- Depreciation +€1,258
up €1,258 (+16.0%), from €7,868 to €9,125
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 | €388,109 | €404,198 | +€16,089 | +4.1% |
| Fixed assets | 21/28 | €373,542 | €364,417 | -€9,125 | -2.4% |
| Tangible fixed assets | 22/27 | €38,542 | €29,417 | -€9,125 | -23.7% |
| Land and buildings | 22 | €3,893 | €3,693 | -€200 | -5.1% |
| Furniture and vehicles | 24 | €34,649 | €25,724 | -€8,925 | -25.8% |
| Financial fixed assets | 28 | €335,000 | €335,000 | = | 0.0% |
| Current assets | 29/58 | €14,567 | €39,781 | +€25,215 | +173% |
| Amounts receivable within one year | 40/41 | €9,500 | €0 | -€9,500 | -100% |
| Trade receivables | 40 | €9,500 | €0 | -€9,500 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,010 | €39,710 | +€34,700 | +693% |
| Deferred charges and accrued income | 490/1 | €56 | €71 | +€15 | +26.4% |
| Total equity and liabilities | 10/49 | €388,109 | €404,198 | +€16,089 | +4.1% |
| Equity | 10/15 | €64,401 | €118,446 | +€54,045 | +83.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,401 | €108,446 | +€54,045 | +99.3% |
| Amounts payable | 17/49 | €323,708 | €285,752 | -€37,956 | -11.7% |
| Amounts payable after more than one year | 17 | €200,515 | €152,980 | -€47,536 | -23.7% |
| Financial debts | 170/4 | €200,515 | €152,980 | -€47,536 | -23.7% |
| Amounts payable within one year | 42/48 | €120,733 | €128,799 | +€8,066 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €45,652 | €47,536 | +€1,884 | +4.1% |
| Trade debts | 44 | €828 | €2,108 | +€1,280 | +155% |
| Suppliers | 440/4 | €828 | €2,108 | +€1,280 | +155% |
| Taxes, remuneration and social security | 45 | €13,976 | €25,332 | +€11,356 | +81.3% |
| Taxes | 450/3 | €13,976 | €25,332 | +€11,356 | +81.3% |
| Other amounts payable | 47/48 | €60,277 | €53,823 | -€6,454 | -10.7% |
| Accrued charges and deferred income | 492/3 | €2,460 | €3,974 | +€1,514 | +61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,868 | €9,125 | +€1,258 | +16.0% |
| Other operating charges | 640/8 | €719 | €984 | +€265 | +36.9% |
| Gross operating margin | 9900 | €66,428 | €93,274 | +€26,846 | +40.4% |
| Operating profit (loss) | 9901 | €57,841 | €83,165 | +€25,323 | +43.8% |
| Financial charges | 65/66B | €14,555 | €13,647 | -€909 | -6.2% |
| Recurring financial charges | 65 | €14,555 | €13,647 | -€909 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €43,286 | €69,518 | +€26,232 | +60.6% |
| Income taxes | 67/77 | €8,628 | €14,547 | +€5,919 | +68.6% |
| Profit (loss) for the period | 9904 | €34,658 | €54,971 | +€20,313 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,658 | €54,971 | +€20,313 | +58.6% |
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 24 October 2026 via checked.be.