ATOUPHAR: 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.
ATOUPHAR
Largest movements
- Receivables within one year +€16,611
up €16,611 (+52.2%), from €31,819 to €48,430
of which Trade receivables: +€13,886
- Cash +€15,644
up €15,644 (+16.8%), from €92,935 to €108,579
mainly Trade debts (+€13,776) and Other debts (+€13,461)
- Tangible fixed assets -€11,069
down €11,069 (-26.5%), from €41,791 to €30,722
of which Furniture and vehicles: -€10,510
- Stocks and contracts -€5,358
down €5,358 (-7.0%), from €76,987 to €71,629
- Trade debts +€13,776
up €13,776 (+79.7%), from €17,286 to €31,062
- Other debts +€13,461
up €13,461 (+32.7%), from €41,134 to €54,595
- Tax, wage and social debts -€7,578
down €7,578 (-26.7%), from €28,426 to €20,847
of which Taxes: -€4,389
- Reserves -€4,000
down €4,000 (-3.1%), from €129,400 to €125,400
- Gross operating margin -€12,240
down €12,240 (-9.7%), from €126,475 to €114,236
- Taxes -€4,134
down €4,134 (-38.6%), from €10,709 to €6,575
- Staff costs +€2,264
up €2,264 (+2.9%), from €78,364 to €80,628
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 | €244,521 | €260,410 | +€15,889 | +6.5% |
| Fixed assets | 21/28 | €41,791 | €30,722 | -€11,069 | -26.5% |
| Tangible fixed assets | 22/27 | €41,791 | €30,722 | -€11,069 | -26.5% |
| Furniture and vehicles | 24 | €40,148 | €29,638 | -€10,510 | -26.2% |
| Other tangible fixed assets | 26 | €1,644 | €1,085 | -€559 | -34.0% |
| Current assets | 29/58 | €202,730 | €229,687 | +€26,958 | +13.3% |
| Stocks and contracts in progress | 3 | €76,987 | €71,629 | -€5,358 | -7.0% |
| Stocks | 30/36 | €76,987 | €71,629 | -€5,358 | -7.0% |
| Amounts receivable within one year | 40/41 | €31,819 | €48,430 | +€16,611 | +52.2% |
| Trade receivables | 40 | €31,819 | €45,705 | +€13,886 | +43.6% |
| Other amounts receivable | 41 | - | €2,725 | +€2,725 | |
| Cash at bank and in hand | 54/58 | €92,935 | €108,579 | +€15,644 | +16.8% |
| Deferred charges and accrued income | 490/1 | €990 | €1,050 | +€60 | +6.1% |
| Total equity and liabilities | 10/49 | €244,521 | €260,410 | +€15,889 | +6.5% |
| Equity | 10/15 | €156,430 | €152,765 | -€3,665 | -2.3% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €129,400 | €125,400 | -€4,000 | -3.1% |
| Non-distributable reserves | 130/1 | €129,400 | €125,400 | -€4,000 | -3.1% |
| Reserves not available under the articles | 1311 | €129,400 | €125,400 | -€4,000 | -3.1% |
| Profit (loss) carried forward | 14 | €7,530 | €7,865 | +€335 | +4.5% |
| Amounts payable | 17/49 | €88,092 | €107,645 | +€19,553 | +22.2% |
| Amounts payable within one year | 42/48 | €86,846 | €106,505 | +€19,659 | +22.6% |
| Trade debts | 44 | €17,286 | €31,062 | +€13,776 | +79.7% |
| Suppliers | 440/4 | €17,286 | €31,062 | +€13,776 | +79.7% |
| Taxes, remuneration and social security | 45 | €28,426 | €20,847 | -€7,578 | -26.7% |
| Taxes | 450/3 | €13,983 | €9,594 | -€4,389 | -31.4% |
| Remuneration and social security | 454/9 | €14,442 | €11,253 | -€3,189 | -22.1% |
| Other amounts payable | 47/48 | €41,134 | €54,595 | +€13,461 | +32.7% |
| Accrued charges and deferred income | 492/3 | €1,246 | €1,140 | -€106 | -8.5% |
| Remuneration, social security and pensions | 62 | €78,364 | €80,628 | +€2,264 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,110 | €11,069 | -€40 | -0.4% |
| Other operating charges | 640/8 | €1,195 | €754 | -€441 | -36.9% |
| Gross operating margin | 9900 | €126,475 | €114,236 | -€12,240 | -9.7% |
| Operating profit (loss) | 9901 | €35,807 | €21,785 | -€14,022 | -39.2% |
| Financial income | 75/76B | €603 | €1,499 | +€896 | +148.6% |
| Recurring financial income | 75 | €603 | €1,499 | +€896 | +148.6% |
| Financial charges | 65/66B | €3,629 | €3,374 | -€255 | -7.0% |
| Recurring financial charges | 65 | €3,629 | €3,374 | -€255 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €32,781 | €19,910 | -€12,871 | -39.3% |
| Income taxes | 67/77 | €10,709 | €6,575 | -€4,134 | -38.6% |
| Profit (loss) for the period | 9904 | €22,073 | €13,335 | -€8,737 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,073 | €13,335 | -€8,737 | -39.6% |
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 7 October 2026 via checked.be.