ATMAN: 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.
ATMAN
Largest movements
- Tangible fixed assets +€815,275
up €815,275 (+30.5%), from €2.7m to €3.5m
of which Land and buildings: +€834,447
- Cash +€242,899
up €242,899 (+58.9%), from €412,072 to €654,971
mainly Debts after one year (+€621,649) and Net result for the year (+€396,237)
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Debts after one year +€621,649
up €621,649 (+70.2%), from €886,161 to €1.5m
- Reserves +€396,237
up €396,237 (+20.9%), from €1.9m to €2.3m
of which Distributable reserves: +€219,417
- Current portion of long-term debt -€70,196
down €70,196 (-23.0%), from €305,548 to €235,352
- Depreciation +€41,370
up €41,370 (+16.1%), from €256,887 to €298,257
- Gross operating margin +€39,321
up €39,321 (+4.6%), from €848,369 to €887,690
- Financial charges +€25,943
up €25,943 (+179.0%), from €14,489 to €40,433
- Taxes -€9,062
down €9,062 (-5.4%), from €168,031 to €158,969
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 | €3,208,865 | €4,154,156 | +€945,291 | +29.5% |
| Fixed assets | 21/28 | €2,669,485 | €3,484,759 | +€815,275 | +30.5% |
| Tangible fixed assets | 22/27 | €2,669,485 | €3,484,759 | +€815,275 | +30.5% |
| Land and buildings | 22 | €2,591,416 | €3,425,863 | +€834,447 | +32.2% |
| Plant, machinery and equipment | 23 | €1,701 | €969 | -€732 | -43.0% |
| Furniture and vehicles | 24 | €76,368 | €57,927 | -€18,441 | -24.1% |
| Current assets | 29/58 | €539,381 | €669,397 | +€130,016 | +24.1% |
| Amounts receivable within one year | 40/41 | €2,522 | €4,987 | +€2,465 | +97.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,522 | €4,987 | +€2,465 | +97.7% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €412,072 | €654,971 | +€242,899 | +58.9% |
| Deferred charges and accrued income | 490/1 | €24,786 | €9,438 | -€15,348 | -61.9% |
| Total equity and liabilities | 10/49 | €3,208,865 | €4,154,156 | +€945,291 | +29.5% |
| Equity | 10/15 | €1,906,470 | €2,302,707 | +€396,237 | +20.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,894,070 | €2,290,307 | +€396,237 | +20.9% |
| Tax-exempt reserves | 132 | €273,650 | €450,470 | +€176,820 | +64.6% |
| Distributable reserves | 133 | €1,620,420 | €1,839,837 | +€219,417 | +13.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,302,395 | €1,851,449 | +€549,054 | +42.2% |
| Amounts payable after more than one year | 17 | €886,161 | €1,507,810 | +€621,649 | +70.2% |
| Financial debts | 170/4 | €886,161 | €1,507,810 | +€621,649 | +70.2% |
| Amounts payable within one year | 42/48 | €416,234 | €319,640 | -€96,595 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €305,548 | €235,352 | -€70,196 | -23.0% |
| Trade debts | 44 | €6,889 | €15,979 | +€9,090 | +132.0% |
| Suppliers | 440/4 | €6,889 | €15,979 | +€9,090 | +132.0% |
| Taxes, remuneration and social security | 45 | €62,449 | €67,194 | +€4,745 | +7.6% |
| Taxes | 450/3 | €62,449 | €67,194 | +€4,745 | +7.6% |
| Other amounts payable | 47/48 | €41,349 | €1,114 | -€40,234 | -97.3% |
| Accrued charges and deferred income | 492/3 | €0 | €24,000 | +€24,000 | |
| Non-recurring operating income | 76A | €9,680 | €0 | -€9,680 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256,887 | €298,257 | +€41,370 | +16.1% |
| Other operating charges | 640/8 | €5,717 | €5,648 | -€69 | -1.2% |
| Gross operating margin | 9900 | €848,369 | €887,690 | +€39,321 | +4.6% |
| Operating profit (loss) | 9901 | €585,765 | €583,785 | -€1,980 | -0.3% |
| Financial income | 75/76B | €6,713 | €11,854 | +€5,140 | +76.6% |
| Recurring financial income | 75 | €6,713 | €11,854 | +€5,140 | +76.6% |
| Financial charges | 65/66B | €14,489 | €40,433 | +€25,943 | +179.0% |
| Recurring financial charges | 65 | €14,489 | €40,433 | +€25,943 | +179.0% |
| Profit (loss) for the period before taxes | 9903 | €577,989 | €555,206 | -€22,783 | -3.9% |
| Income taxes | 67/77 | €168,031 | €158,969 | -€9,062 | -5.4% |
| Profit (loss) for the period | 9904 | €409,957 | €396,237 | -€13,721 | -3.3% |
| Transfer to tax-exempt reserves | 689 | €155,770 | €176,820 | +€21,050 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €254,187 | €219,417 | -€34,771 | -13.7% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.