ATLAX: what changed
Two fiscal 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.
ATLAX
Largest movements
- Cash -€97,243
down €97,243 (-47.0%), from €207,032 to €109,789
mainly Investment in fixed assets (net) (-€117,197) and Tax, wage and social debts (-€64,851)
- Tangible fixed assets +€65,388
up €65,388 (+8.5%), from €768,763 to €834,151
of which Land and buildings: +€66,430
- Receivables within one year +€13,817
new in 2025: €13,817
- Reserves +€100,316
up €100,316 (+11.9%), from €839,859 to €940,175
- Tax, wage and social debts -€64,851
down €64,851 (-92.1%), from €70,381 to €5,530
- Other debts -€52,062
no longer reported in 2025 (was €52,062)
- Gross operating margin +€40,465
up €40,465 (+26.4%), from €153,111 to €193,575
- Depreciation +€17,235
up €17,235 (+49.8%), from €34,574 to €51,809
- Taxes +€6,117
up €6,117 (+16.7%), from €36,645 to €42,762
- Other operating charges +€3,772
up €3,772 (+69.9%), from €5,398 to €9,169
- Financial charges +€3,415
up €3,415 (+579.0%), from €590 to €4,005
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.
Cash bridge derived
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 | €981,812 | €961,227 | -€20,586 | -2.1% |
| Fixed assets | 21/28 | €768,862 | €834,249 | +€65,388 | +8.5% |
| Tangible fixed assets | 22/27 | €768,763 | €834,151 | +€65,388 | +8.5% |
| Land and buildings | 22 | €658,963 | €725,393 | +€66,430 | +10.1% |
| Plant, machinery and equipment | 23 | €67 | - | -€67 | |
| Furniture and vehicles | 24 | €109,732 | €108,757 | -€975 | -0.9% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €212,951 | €126,977 | -€85,973 | -40.4% |
| Amounts receivable within one year | 40/41 | - | €13,817 | +€13,817 | |
| Trade receivables | 40 | - | €13,817 | +€13,817 | |
| Cash at bank and in hand | 54/58 | €207,032 | €109,789 | -€97,243 | -47.0% |
| Deferred charges and accrued income | 490/1 | €5,919 | €3,371 | -€2,548 | -43.0% |
| Total equity and liabilities | 10/49 | €981,812 | €961,227 | -€20,586 | -2.1% |
| Equity | 10/15 | €852,259 | €952,575 | +€100,316 | +11.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €839,859 | €940,175 | +€100,316 | +11.9% |
| Distributable reserves | 133 | €839,859 | €940,175 | +€100,316 | +11.9% |
| Amounts payable | 17/49 | €129,554 | €8,652 | -€120,901 | -93.3% |
| Amounts payable within one year | 42/48 | €128,324 | €7,423 | -€120,900 | -94.2% |
| Trade debts | 44 | €5,881 | €1,893 | -€3,988 | -67.8% |
| Suppliers | 440/4 | €5,881 | €1,893 | -€3,988 | -67.8% |
| Taxes, remuneration and social security | 45 | €70,381 | €5,530 | -€64,851 | -92.1% |
| Taxes | 450/3 | €70,381 | €5,530 | -€64,851 | -92.1% |
| Other amounts payable | 47/48 | €52,062 | - | -€52,062 | |
| Accrued charges and deferred income | 492/3 | €1,230 | €1,229 | -€1 | -0.1% |
| Non-recurring operating income | 76A | €115 | €235,568 | +€235,454 | +205474.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,574 | €51,809 | +€17,235 | +49.8% |
| Other operating charges | 640/8 | €5,398 | €9,169 | +€3,772 | +69.9% |
| Gross operating margin | 9900 | €153,111 | €193,575 | +€40,465 | +26.4% |
| Operating profit (loss) | 9901 | €113,139 | €132,597 | +€19,458 | +17.2% |
| Financial income | 75/76B | €11,973 | €14,486 | +€2,514 | +21.0% |
| Recurring financial income | 75 | €1,212 | €1,232 | +€19 | +1.6% |
| Non-recurring financial income | 76B | €10,760 | €13,255 | +€2,495 | +23.2% |
| Financial charges | 65/66B | €590 | €4,005 | +€3,415 | +579.0% |
| Recurring financial charges | 65 | €590 | €4,005 | +€3,415 | +579.0% |
| Profit (loss) for the period before taxes | 9903 | €124,522 | €143,078 | +€18,557 | +14.9% |
| Income taxes | 67/77 | €36,645 | €42,762 | +€6,117 | +16.7% |
| Profit (loss) for the period | 9904 | €87,877 | €100,316 | +€12,439 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €87,877 | €100,316 | +€12,439 | +14.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.