ATOP: 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.
ATOP
Largest movements
- Receivables within one year +€66,229
up €66,229 (+96.4%), from €68,735 to €134,964
of which Trade receivables: +€71,433
- Cash +€18,664
up €18,664 (+173.0%), from €10,788 to €29,452
mainly Debts after one year (+€43,202) and Tax, wage and social debts (+€23,963)
- Tangible fixed assets +€16,500
up €16,500 (+30.4%), from €54,362 to €70,862
of which Leasing and similar rights: +€24,332
- Deferred charges and accrued income -€3,077
down €3,077 (-49.5%), from €6,216 to €3,139
- Debts after one year +€43,202
up €43,202 (+205.8%), from €20,987 to €64,190
- Tax, wage and social debts +€23,963
up €23,963 (+40.0%), from €59,899 to €83,862
of which Remuneration and social security: +€12,999
- Other debts +€19,000
new in 2025: €19,000
- Current portion of long-term debt +€17,756
up €17,756 (+150.7%), from €11,783 to €29,539
- Profit (loss) carried forward -€11,756
down €11,756 (-47.5%), from €24,763 to €13,007
- Gross operating margin +€77,454
up €77,454 (+44.2%), from €175,186 to €252,640
- Staff costs +€63,129
up €63,129 (+36.6%), from €172,264 to €235,392
- Financial charges +€3,354
up €3,354 (+134.2%), from €2,500 to €5,854
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 | €165,552 | €263,418 | +€97,866 | +59.1% |
| Fixed assets | 21/28 | €58,562 | €75,062 | +€16,500 | +28.2% |
| Tangible fixed assets | 22/27 | €54,362 | €70,862 | +€16,500 | +30.4% |
| Plant, machinery and equipment | 23 | €6,618 | €6,715 | +€97 | +1.5% |
| Furniture and vehicles | 24 | €35,895 | €30,446 | -€5,450 | -15.2% |
| Leasing and similar rights | 25 | - | €24,332 | +€24,332 | |
| Other tangible fixed assets | 26 | €11,849 | €9,370 | -€2,479 | -20.9% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €106,990 | €188,355 | +€81,366 | +76.1% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,250 | €5,800 | -€450 | -7.2% |
| Stocks | 30/36 | €6,250 | €5,800 | -€450 | -7.2% |
| Amounts receivable within one year | 40/41 | €68,735 | €134,964 | +€66,229 | +96.4% |
| Trade receivables | 40 | €38,995 | €110,428 | +€71,433 | +183.2% |
| Other amounts receivable | 41 | €29,740 | €24,537 | -€5,204 | -17.5% |
| Cash at bank and in hand | 54/58 | €10,788 | €29,452 | +€18,664 | +173.0% |
| Deferred charges and accrued income | 490/1 | €6,216 | €3,139 | -€3,077 | -49.5% |
| Total equity and liabilities | 10/49 | €165,552 | €263,418 | +€97,866 | +59.1% |
| Equity | 10/15 | €67,223 | €55,467 | -€11,756 | -17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,860 | €23,860 | = | 0.0% |
| Distributable reserves | 133 | €23,860 | €23,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,763 | €13,007 | -€11,756 | -47.5% |
| Amounts payable | 17/49 | €98,328 | €207,950 | +€109,622 | +111.5% |
| Amounts payable after more than one year | 17 | €20,987 | €64,190 | +€43,202 | +205.8% |
| Financial debts | 170/4 | €20,987 | €64,190 | +€43,202 | +205.8% |
| Amounts payable within one year | 42/48 | €77,225 | €142,445 | +€65,220 | +84.5% |
| Current portion of amounts payable after more than one year | 42 | €11,783 | €29,539 | +€17,756 | +150.7% |
| Trade debts | 44 | €5,544 | €10,044 | +€4,500 | +81.2% |
| Suppliers | 440/4 | €5,544 | €10,044 | +€4,500 | +81.2% |
| Taxes, remuneration and social security | 45 | €59,899 | €83,862 | +€23,963 | +40.0% |
| Taxes | 450/3 | €17,670 | €28,635 | +€10,964 | +62.0% |
| Remuneration and social security | 454/9 | €42,229 | €55,227 | +€12,999 | +30.8% |
| Other amounts payable | 47/48 | - | €19,000 | +€19,000 | |
| Accrued charges and deferred income | 492/3 | €116 | €1,316 | +€1,200 | +1034.5% |
| Non-recurring operating income | 76A | - | €25,436 | +€25,436 | |
| Remuneration, social security and pensions | 62 | €172,264 | €235,392 | +€63,129 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,052 | €12,776 | -€2,276 | -15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€364 | €0 | +€364 | |
| Other operating charges | 640/8 | €1,220 | €717 | -€504 | -41.3% |
| Non-recurring operating charges | 66A | - | €11,130 | +€11,130 | |
| Gross operating margin | 9900 | €175,186 | €252,640 | +€77,454 | +44.2% |
| Operating profit (loss) | 9901 | -€12,985 | -€7,375 | +€5,611 | +43.2% |
| Financial income | 75/76B | €1,911 | €1,701 | -€211 | -11.0% |
| Recurring financial income | 75 | €1,911 | €1,701 | -€211 | -11.0% |
| Financial charges | 65/66B | €2,500 | €5,854 | +€3,354 | +134.2% |
| Recurring financial charges | 65 | €2,500 | €5,854 | +€3,354 | +134.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,574 | -€11,528 | +€2,046 | +15.1% |
| Income taxes | 67/77 | -€7 | €228 | +€235 | |
| Profit (loss) for the period | 9904 | -€13,568 | -€11,756 | +€1,812 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,568 | -€11,756 | +€1,812 | +13.4% |
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 8 October 2026 via checked.be.