ATLAS VENTURES: 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 VENTURES
Largest movements
- Cash -€375,016
down €375,016 (-51.7%), from €725,997 to €350,982
mainly Receivables within one year (-€355,956) and Current investments (-€233,448)
- Receivables within one year +€355,956
up €355,956 (+40.1%), from €888,540 to €1.2m
of which Other amounts receivable: +€231,992
- Current investments +€233,448
up €233,448 (+80,876%), from €289 to €233,736
- Financial fixed assets +€166,031
up €166,031 (+3.5%), from €4.8m to €4.9m
- Other debts +€270,736
up €270,736 (+50.2%), from €539,124 to €809,860
- Contributions +€165,623
up €165,623 (+7.1%), from €2.3m to €2.5m
- Financial income -€2.6m
down €2.6m (-99.9%), from €2.6m to €2,747
- Gross operating margin +€57,943
up €57,943 (+27.7%), from €209,142 to €267,085
- Taxes -€18,425
down €18,425 (-99.1%), from €18,601 to €176
- Staff costs +€11,844
up €11,844 (+10.0%), from €118,905 to €130,749
- Depreciation +€5,471
up €5,471 (+17.1%), from €32,051 to €37,522
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 | €6,669,837 | €7,043,926 | +€374,089 | +5.6% |
| Fixed assets | 21/28 | €5,054,424 | €5,214,713 | +€160,289 | +3.2% |
| Tangible fixed assets | 22/27 | €292,010 | €286,267 | -€5,742 | -2.0% |
| Land and buildings | 22 | €268,439 | €252,251 | -€16,188 | -6.0% |
| Furniture and vehicles | 24 | €23,570 | €34,016 | +€10,446 | +44.3% |
| Financial fixed assets | 28 | €4,762,414 | €4,928,446 | +€166,031 | +3.5% |
| Current assets | 29/58 | €1,615,413 | €1,829,213 | +€213,800 | +13.2% |
| Amounts receivable within one year | 40/41 | €888,540 | €1,244,495 | +€355,956 | +40.1% |
| Trade receivables | 40 | €93,866 | €217,830 | +€123,964 | +132% |
| Other amounts receivable | 41 | €794,674 | €1,026,666 | +€231,992 | +29.2% |
| Current investments | 50/53 | €289 | €233,736 | +€233,448 | +80,876% |
| Cash at bank and in hand | 54/58 | €725,997 | €350,982 | -€375,016 | -51.7% |
| Deferred charges and accrued income | 490/1 | €587 | - | -€587 | |
| Total equity and liabilities | 10/49 | €6,669,837 | €7,043,926 | +€374,089 | +5.6% |
| Equity | 10/15 | €5,146,574 | €5,255,642 | +€109,068 | +2.1% |
| Contributions | 10/11 | €2,333,886 | €2,499,509 | +€165,623 | +7.1% |
| Revaluation surpluses | 12 | €36,453 | €36,453 | = | 0.0% |
| Reserves | 13 | €2,776,235 | €2,776,235 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €2,771,235 | €2,771,235 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€56,555 | -€56,555 | |
| Amounts payable | 17/49 | €1,523,263 | €1,788,284 | +€265,021 | +17.4% |
| Amounts payable after more than one year | 17 | €673,229 | €608,537 | -€64,693 | -9.6% |
| Financial debts | 170/4 | €673,229 | €608,537 | -€64,693 | -9.6% |
| Amounts payable within one year | 42/48 | €846,953 | €1,157,947 | +€310,993 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €164,365 | €157,443 | -€6,922 | -4.2% |
| Trade debts | 44 | €111,044 | €122,436 | +€11,392 | +10.3% |
| Suppliers | 440/4 | €111,044 | €122,436 | +€11,392 | +10.3% |
| Taxes, remuneration and social security | 45 | €32,420 | €68,208 | +€35,787 | +110% |
| Taxes | 450/3 | €10,842 | €45,969 | +€35,127 | +324% |
| Remuneration and social security | 454/9 | €21,578 | €22,239 | +€660 | +3.1% |
| Other amounts payable | 47/48 | €539,124 | €809,860 | +€270,736 | +50.2% |
| Accrued charges and deferred income | 492/3 | €3,080 | €21,801 | +€18,720 | +608% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €118,905 | €130,749 | +€11,844 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,051 | €37,522 | +€5,471 | +17.1% |
| Other operating charges | 640/8 | €1,643 | €1,707 | +€64 | +3.9% |
| Non-recurring operating charges | 66A | €1,026 | €122,500 | +€121,474 | +11,838% |
| Gross operating margin | 9900 | €209,142 | €267,085 | +€57,943 | +27.7% |
| Operating profit (loss) | 9901 | €55,516 | -€25,394 | -€80,910 | |
| Financial income | 75/76B | €2,645,099 | €2,747 | -€2.6m | -99.9% |
| Recurring financial income | 75 | €2,645,099 | €2,747 | -€2.6m | -99.9% |
| Financial charges | 65/66B | €36,361 | €33,732 | -€2,629 | -7.2% |
| Recurring financial charges | 65 | €36,361 | €33,732 | -€2,629 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €2,664,254 | -€56,378 | -€2.7m | |
| Income taxes | 67/77 | €18,601 | €176 | -€18,425 | -99.1% |
| Profit (loss) for the period | 9904 | €2,645,653 | -€56,555 | -€2.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,645,653 | -€56,555 | -€2.7m |
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 19 October 2026 via checked.be.