ATLON: 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.
ATLON
Largest movements
- Tangible fixed assets -€37,345
down €37,345 (-16.9%), from €221,117 to €183,772
of which Plant, machinery and equipment: -€28,150
- Cash +€13,021
up €13,021 (+349.5%), from €3,725 to €16,746
mainly Depreciation (+€38,646) and Receivables within one year (+€5,324)
- Receivables within one year -€5,324
down €5,324 (-31.6%), from €16,824 to €11,500
of which Trade receivables: -€4,009
- Stocks and contracts +€4,261
up €4,261 (+39.7%), from €10,742 to €15,003
- Profit (loss) carried forward -€12,683
down €12,683 (-20.3%), from -€62,379 to -€75,062
- Debts after one year -€11,979
down €11,979 (-17.4%), from €68,902 to €56,923
- Trade debts -€6,145
down €6,145 (-87.6%), from €7,012 to €867
- Tax, wage and social debts +€3,588
up €3,588 (+1511.8%), from €237 to €3,825
- Gross operating margin -€16,559
down €16,559 (-31.7%), from €52,215 to €35,656
- Depreciation -€2,497
down €2,497 (-6.1%), from €41,143 to €38,646
- Staff costs -€1,160
down €1,160 (-81.6%), from €1,422 to €262
- Financial charges -€703
down €703 (-35.3%), from €1,990 to €1,287
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 | €255,702 | €228,097 | -€27,605 | -10.8% |
| Fixed assets | 21/28 | €223,117 | €183,772 | -€39,345 | -17.6% |
| Tangible fixed assets | 22/27 | €221,117 | €183,772 | -€37,345 | -16.9% |
| Land and buildings | 22 | €108,505 | €99,440 | -€9,065 | -8.4% |
| Plant, machinery and equipment | 23 | €111,410 | €83,260 | -€28,150 | -25.3% |
| Furniture and vehicles | 24 | €1,202 | €1,072 | -€130 | -10.8% |
| Financial fixed assets | 28 | €2,000 | €0 | -€2,000 | -100.0% |
| Current assets | 29/58 | €32,586 | €44,325 | +€11,739 | +36.0% |
| Stocks and contracts in progress | 3 | €10,742 | €15,003 | +€4,261 | +39.7% |
| Stocks | 30/36 | €10,742 | €15,003 | +€4,261 | +39.7% |
| Amounts receivable within one year | 40/41 | €16,824 | €11,500 | -€5,324 | -31.6% |
| Trade receivables | 40 | €15,498 | €11,489 | -€4,009 | -25.9% |
| Other amounts receivable | 41 | €1,326 | €11 | -€1,315 | -99.2% |
| Cash at bank and in hand | 54/58 | €3,725 | €16,746 | +€13,021 | +349.5% |
| Deferred charges and accrued income | 490/1 | €1,294 | €1,076 | -€218 | -16.9% |
| Total equity and liabilities | 10/49 | €255,702 | €228,097 | -€27,605 | -10.8% |
| Equity | 10/15 | €1,983 | -€10,700 | -€12,683 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,762 | €45,762 | = | 0.0% |
| Distributable reserves | 133 | €45,762 | €45,762 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,379 | -€75,062 | -€12,683 | -20.3% |
| Amounts payable | 17/49 | €253,720 | €238,797 | -€14,922 | -5.9% |
| Amounts payable after more than one year | 17 | €68,902 | €56,923 | -€11,979 | -17.4% |
| Financial debts | 170/4 | €68,902 | €56,923 | -€11,979 | -17.4% |
| Amounts payable within one year | 42/48 | €184,818 | €180,224 | -€4,593 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €13,889 | €11,979 | -€1,910 | -13.7% |
| Trade debts | 44 | €7,012 | €867 | -€6,145 | -87.6% |
| Suppliers | 440/4 | €7,012 | €867 | -€6,145 | -87.6% |
| Taxes, remuneration and social security | 45 | €237 | €3,825 | +€3,588 | +1511.8% |
| Taxes | 450/3 | €237 | €3,825 | +€3,588 | +1511.8% |
| Other amounts payable | 47/48 | €163,680 | €163,553 | -€127 | -0.1% |
| Accrued charges and deferred income | 492/3 | €0 | €1,650 | +€1,650 | |
| Remuneration, social security and pensions | 62 | €1,422 | €262 | -€1,160 | -81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,143 | €38,646 | -€2,497 | -6.1% |
| Other operating charges | 640/8 | €7,841 | €7,973 | +€133 | +1.7% |
| Gross operating margin | 9900 | €52,215 | €35,656 | -€16,559 | -31.7% |
| Operating profit (loss) | 9901 | €1,809 | -€11,226 | -€13,035 | |
| Financial income | 75/76B | €191 | €69 | -€122 | -63.9% |
| Recurring financial income | 75 | €191 | €69 | -€122 | -63.9% |
| Financial charges | 65/66B | €1,990 | €1,287 | -€703 | -35.3% |
| Recurring financial charges | 65 | €1,990 | €1,287 | -€703 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €10 | -€12,444 | -€12,454 | |
| Income taxes | 67/77 | €232 | €239 | +€7 | +3.0% |
| Profit (loss) for the period | 9904 | -€222 | -€12,683 | -€12,461 | -5605.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€222 | -€12,683 | -€12,461 | -5605.8% |
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 6 October 2026 via checked.be.