ATOU'CORDES: 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.
ATOU'CORDES
Largest movements
- Current investments +€238,832
up €238,832 (+79.8%), from €299,426 to €538,258
- Receivables within one year +€92,224
up €92,224 (+109%), from €84,329 to €176,553
of which Trade receivables: +€108,565
- Profit (loss) carried forward +€211,479
up €211,479 (+69.5%), from €304,275 to €515,754
- Other debts +€129,369
up €129,369 (+80.6%), from €160,524 to €289,893
- Trade debts -€10,575
down €10,575 (-57.7%), from €18,322 to €7,748
- Gross operating margin +€70,625
up €70,625 (+14.7%), from €479,472 to €550,096
- Taxes +€25,463
up €25,463 (+26.2%), from €97,122 to €122,585
- Financial income +€17,634
up €17,634 (+814%), from €2,167 to €19,801
- Depreciation -€13,264
down €13,264 (-82.1%), from €16,157 to €2,893
- Financial charges +€10,887
up €10,887 (+1,257%), from €866 to €11,753
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 | €698,976 | €1,024,906 | +€325,930 | +46.6% |
| Fixed assets | 21/28 | €12,213 | €16,207 | +€3,994 | +32.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €11,237 | €15,228 | +€3,991 | +35.5% |
| Plant, machinery and equipment | 23 | €0 | €1,647 | +€1,647 | |
| Furniture and vehicles | 24 | €11,237 | €13,581 | +€2,344 | +20.9% |
| Financial fixed assets | 28 | €975 | €979 | +€3 | +0.3% |
| Current assets | 29/58 | €686,763 | €1,008,698 | +€321,935 | +46.9% |
| Amounts receivable within one year | 40/41 | €84,329 | €176,553 | +€92,224 | +109% |
| Trade receivables | 40 | €65,034 | €173,599 | +€108,565 | +167% |
| Other amounts receivable | 41 | €19,295 | €2,955 | -€16,340 | -84.7% |
| Current investments | 50/53 | €299,426 | €538,258 | +€238,832 | +79.8% |
| Cash at bank and in hand | 54/58 | €294,563 | €287,140 | -€7,423 | -2.5% |
| Deferred charges and accrued income | 490/1 | €8,445 | €6,746 | -€1,699 | -20.1% |
| Total equity and liabilities | 10/49 | €698,976 | €1,024,906 | +€325,930 | +46.6% |
| Equity | 10/15 | €472,085 | €683,564 | +€211,479 | +44.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €149,210 | €149,210 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,350 | €147,350 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €304,275 | €515,754 | +€211,479 | +69.5% |
| Amounts payable | 17/49 | €226,891 | €341,342 | +€114,451 | +50.4% |
| Amounts payable within one year | 42/48 | €226,891 | €341,342 | +€114,451 | +50.4% |
| Financial debts | 43 | €27 | €21 | -€6 | -22.3% |
| Credit institutions | 430/8 | €27 | €21 | -€6 | -22.3% |
| Trade debts | 44 | €18,322 | €7,748 | -€10,575 | -57.7% |
| Suppliers | 440/4 | €18,322 | €7,748 | -€10,575 | -57.7% |
| Taxes, remuneration and social security | 45 | €48,017 | €43,680 | -€4,337 | -9.0% |
| Taxes | 450/3 | €34,338 | €32,579 | -€1,758 | -5.1% |
| Remuneration and social security | 454/9 | €13,679 | €11,100 | -€2,579 | -18.9% |
| Other amounts payable | 47/48 | €160,524 | €289,893 | +€129,369 | +80.6% |
| Remuneration, social security and pensions | 62 | €60,868 | €68,950 | +€8,083 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,157 | €2,893 | -€13,264 | -82.1% |
| Other operating charges | 640/8 | €1,434 | €1,346 | -€88 | -6.1% |
| Non-recurring operating charges | 66A | €58 | €58 | = | 0.0% |
| Gross operating margin | 9900 | €479,472 | €550,096 | +€70,625 | +14.7% |
| Operating profit (loss) | 9901 | €400,955 | €476,849 | +€75,894 | +18.9% |
| Financial income | 75/76B | €2,167 | €19,801 | +€17,634 | +814% |
| Recurring financial income | 75 | €2,167 | €19,801 | +€17,634 | +814% |
| Financial charges | 65/66B | €866 | €11,753 | +€10,887 | +1,257% |
| Recurring financial charges | 65 | €866 | €11,753 | +€10,887 | +1,257% |
| Profit (loss) for the period before taxes | 9903 | €402,256 | €484,897 | +€82,641 | +20.5% |
| Income taxes | 67/77 | €97,122 | €122,585 | +€25,463 | +26.2% |
| Profit (loss) for the period | 9904 | €305,134 | €362,312 | +€57,178 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €305,134 | €362,312 | +€57,178 | +18.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.