ATMV: 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.
ATMV
Largest movements
- Cash +€94,017
up €94,017 (+23.8%), from €395,091 to €489,108
mainly Other debts (+€206,689) and Net result for the year (+€94,751)
- Receivables within one year +€26,595
up €26,595 (+175.6%), from €15,149 to €41,744
of which Trade receivables: +€33,115
- Tangible fixed assets -€17,995
down €17,995 (-30.9%), from €58,315 to €40,320
- Other debts +€206,689
up €206,689 (+733.4%), from €28,182 to €234,872
- Reserves -€114,172
down €114,172 (-22.3%), from €510,940 to €396,768
of which Distributable reserves: -€111,672
- Tax, wage and social debts +€13,065
up €13,065 (+2079.1%), from €628 to €13,694
- Gross operating margin +€36,872
up €36,872 (+34.8%), from €105,981 to €142,853
- Taxes +€11,814
up €11,814 (+44.4%), from €26,595 to €38,409
- Financial charges -€2,000
down €2,000 (-92.6%), from €2,159 to €159
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 | €570,176 | €677,663 | +€107,487 | +18.9% |
| Fixed assets | 21/28 | €58,315 | €40,320 | -€17,995 | -30.9% |
| Tangible fixed assets | 22/27 | €58,315 | €40,320 | -€17,995 | -30.9% |
| Furniture and vehicles | 24 | €58,315 | €40,320 | -€17,995 | -30.9% |
| Current assets | 29/58 | €511,861 | €637,343 | +€125,482 | +24.5% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Trade receivables | 290 | €100,000 | - | -€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €15,149 | €41,744 | +€26,595 | +175.6% |
| Trade receivables | 40 | €8,612 | €41,726 | +€33,115 | +384.5% |
| Other amounts receivable | 41 | €6,538 | €18 | -€6,519 | -99.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €395,091 | €489,108 | +€94,017 | +23.8% |
| Deferred charges and accrued income | 490/1 | €1,621 | €6,490 | +€4,870 | +300.5% |
| Total equity and liabilities | 10/49 | €570,176 | €677,663 | +€107,487 | +18.9% |
| Equity | 10/15 | €535,940 | €421,768 | -€114,172 | -21.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €510,940 | €396,768 | -€114,172 | -22.3% |
| Non-distributable reserves | 130/1 | €2,500 | €0 | -€2,500 | -100.0% |
| Reserves not available under the articles | 1311 | €2,500 | €0 | -€2,500 | -100.0% |
| Distributable reserves | 133 | €508,440 | €396,768 | -€111,672 | -22.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,236 | €255,894 | +€221,659 | +647.5% |
| Amounts payable within one year | 42/48 | €28,829 | €249,963 | +€221,134 | +767.0% |
| Financial debts | 43 | - | €703 | +€703 | |
| Credit institutions | 430/8 | - | €703 | +€703 | |
| Trade debts | 44 | €18 | €695 | +€677 | +3674.3% |
| Suppliers | 440/4 | €18 | €695 | +€677 | +3674.3% |
| Taxes, remuneration and social security | 45 | €628 | €13,694 | +€13,065 | +2079.1% |
| Taxes | 450/3 | €628 | €13,694 | +€13,065 | +2079.1% |
| Other amounts payable | 47/48 | €28,182 | €234,872 | +€206,689 | +733.4% |
| Accrued charges and deferred income | 492/3 | €5,406 | €5,931 | +€525 | +9.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,805 | €17,995 | +€189 | +1.1% |
| Other operating charges | 640/8 | €750 | €900 | +€150 | +20.0% |
| Gross operating margin | 9900 | €105,981 | €142,853 | +€36,872 | +34.8% |
| Operating profit (loss) | 9901 | €87,425 | €123,958 | +€36,532 | +41.8% |
| Financial income | 75/76B | €10,652 | €9,361 | -€1,290 | -12.1% |
| Recurring financial income | 75 | €10,652 | €9,361 | -€1,290 | -12.1% |
| Financial charges | 65/66B | €2,159 | €159 | -€2,000 | -92.6% |
| Recurring financial charges | 65 | €2,159 | €159 | -€2,000 | -92.6% |
| Profit (loss) for the period before taxes | 9903 | €95,918 | €133,161 | +€37,242 | +38.8% |
| Income taxes | 67/77 | €26,595 | €38,409 | +€11,814 | +44.4% |
| Profit (loss) for the period | 9904 | €69,323 | €94,751 | +€25,428 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,323 | €94,751 | +€25,428 | +36.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.