ATON PROJECTS: 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.
ATON PROJECTS
Largest movements
- Tangible fixed assets -€40,241
down €40,241 (-13.1%), from €307,094 to €266,853
of which Land and buildings: -€28,835
- Cash -€8,293
down €8,293 (-83.8%), from €9,894 to €1,601
mainly Debts after one year (-€44,422) and Net result for the year (-€19,438)
- Receivables within one year -€5,002
down €5,002 (-29.4%), from €17,019 to €12,017
of which Trade receivables: -€4,840
- Deferred charges and accrued income -€4,580
down €4,580 (-58.4%), from €7,845 to €3,266
- Debts after one year -€44,422
down €44,422 (-10.0%), from €443,354 to €398,931
- Profit (loss) carried forward -€19,438
down €19,438 (-9.4%), from -€205,877 to -€225,315
- Other debts +€6,285
up €6,285 (+49.5%), from €12,698 to €18,983
- Gross operating margin -€57,114
down €57,114 (-49.7%), from €115,009 to €57,895
- Financial charges -€1,654
down €1,654 (-4.7%), from €35,240 to €33,585
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 | €341,853 | €283,737 | -€58,116 | -17.0% |
| Fixed assets | 21/28 | €307,094 | €266,853 | -€40,241 | -13.1% |
| Tangible fixed assets | 22/27 | €307,094 | €266,853 | -€40,241 | -13.1% |
| Land and buildings | 22 | €230,510 | €201,675 | -€28,835 | -12.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €76,584 | €65,179 | -€11,406 | -14.9% |
| Current assets | 29/58 | €34,759 | €16,884 | -€17,875 | -51.4% |
| Amounts receivable within one year | 40/41 | €17,019 | €12,017 | -€5,002 | -29.4% |
| Trade receivables | 40 | €16,623 | €11,783 | -€4,840 | -29.1% |
| Other amounts receivable | 41 | €397 | €235 | -€162 | -40.8% |
| Cash at bank and in hand | 54/58 | €9,894 | €1,601 | -€8,293 | -83.8% |
| Deferred charges and accrued income | 490/1 | €7,845 | €3,266 | -€4,580 | -58.4% |
| Total equity and liabilities | 10/49 | €341,853 | €283,737 | -€58,116 | -17.0% |
| Equity | 10/15 | -€143,477 | -€162,915 | -€19,438 | -13.5% |
| Contributions | 10/11 | €62,400 | €62,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,877 | -€225,315 | -€19,438 | -9.4% |
| Amounts payable | 17/49 | €485,329 | €446,652 | -€38,677 | -8.0% |
| Amounts payable after more than one year | 17 | €443,354 | €398,931 | -€44,422 | -10.0% |
| Financial debts | 170/4 | €443,354 | €398,931 | -€44,422 | -10.0% |
| Amounts payable within one year | 42/48 | €41,976 | €47,721 | +€5,745 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €24,441 | €25,118 | +€677 | +2.8% |
| Financial debts | 43 | €183 | €0 | -€183 | -100% |
| Credit institutions | 430/8 | €183 | €0 | -€183 | -100% |
| Trade debts | 44 | €3,532 | €2,918 | -€614 | -17.4% |
| Suppliers | 440/4 | €3,532 | €2,918 | -€614 | -17.4% |
| Taxes, remuneration and social security | 45 | €1,123 | €702 | -€421 | -37.5% |
| Taxes | 450/3 | €1,123 | €702 | -€421 | -37.5% |
| Other amounts payable | 47/48 | €12,698 | €18,983 | +€6,285 | +49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,867 | €40,241 | +€374 | +0.9% |
| Other operating charges | 640/8 | €3,058 | €3,269 | +€211 | +6.9% |
| Gross operating margin | 9900 | €115,009 | €57,895 | -€57,114 | -49.7% |
| Operating profit (loss) | 9901 | €72,084 | €14,385 | -€57,699 | -80.0% |
| Financial income | 75/76B | €8 | €27 | +€19 | +250% |
| Recurring financial income | 75 | €8 | €27 | +€19 | +250% |
| Financial charges | 65/66B | €35,240 | €33,585 | -€1,654 | -4.7% |
| Recurring financial charges | 65 | €35,240 | €33,585 | -€1,654 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €36,852 | -€19,173 | -€56,025 | |
| Income taxes | 67/77 | €284 | €265 | -€18 | -6.5% |
| Profit (loss) for the period | 9904 | €36,568 | -€19,438 | -€56,007 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,568 | -€19,438 | -€56,007 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.