Atout fer: 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.
Atout fer
Largest movements
- Receivables within one year +€132,046
up €132,046 (+148%), from €89,209 to €221,255
of which Trade receivables: +€112,884
- Tangible fixed assets +€44,752
up €44,752 (+268%), from €16,709 to €61,461
of which Furniture and vehicles: +€35,649
- Cash +€3,520
up €3,520 (+12.4%), from €28,355 to €31,876
mainly Advances received (+€83,351) and Net result for the year (+€58,562)
- Advances received +€83,351
up €83,351 (+1,442%), from €5,781 to €89,132
- Profit (loss) carried forward +€33,562
up €33,562 (+94.7%), from €35,429 to €68,991
- Debts after one year +€27,530
new in 2025: €27,530
- Reserves +€25,000
up €25,000 (+167%), from €15,000 to €40,000
- Tax, wage and social debts +€11,685
up €11,685 (+52.3%), from €22,354 to €34,038
of which Taxes: +€19,278
- Staff costs -€36,328
down €36,328 (-25.5%), from €142,688 to €106,360
- Gross operating margin +€25,996
up €25,996 (+13.9%), from €186,953 to €212,949
- Taxes +€18,410
up €18,410 (+257%), from €7,176 to €25,586
- Depreciation +€2,892
up €2,892 (+63.9%), from €4,530 to €7,422
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 | €142,477 | €323,441 | +€180,963 | +127% |
| Fixed assets | 21/28 | €18,209 | €62,961 | +€44,752 | +246% |
| Tangible fixed assets | 22/27 | €16,709 | €61,461 | +€44,752 | +268% |
| Plant, machinery and equipment | 23 | €1,309 | €12,593 | +€11,284 | +862% |
| Furniture and vehicles | 24 | €613 | €36,263 | +€35,649 | +5,813% |
| Other tangible fixed assets | 26 | €14,787 | €12,606 | -€2,181 | -14.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €124,268 | €260,479 | +€136,211 | +110% |
| Stocks and contracts in progress | 3 | €6,380 | €7,080 | +€700 | +11.0% |
| Stocks | 30/36 | €6,380 | €7,080 | +€700 | +11.0% |
| Amounts receivable within one year | 40/41 | €89,209 | €221,255 | +€132,046 | +148% |
| Trade receivables | 40 | €70,511 | €183,395 | +€112,884 | +160% |
| Other amounts receivable | 41 | €18,697 | €37,859 | +€19,162 | +102% |
| Cash at bank and in hand | 54/58 | €28,355 | €31,876 | +€3,520 | +12.4% |
| Deferred charges and accrued income | 490/1 | €324 | €269 | -€55 | -17.0% |
| Total equity and liabilities | 10/49 | €142,477 | €323,441 | +€180,963 | +127% |
| Equity | 10/15 | €62,829 | €121,391 | +€58,562 | +93.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,000 | €40,000 | +€25,000 | +167% |
| Distributable reserves | 133 | €15,000 | €40,000 | +€25,000 | +167% |
| Profit (loss) carried forward | 14 | €35,429 | €68,991 | +€33,562 | +94.7% |
| Amounts payable | 17/49 | €79,648 | €202,050 | +€122,402 | +154% |
| Amounts payable after more than one year | 17 | - | €27,530 | +€27,530 | |
| Financial debts | 170/4 | - | €27,530 | +€27,530 | |
| Amounts payable within one year | 42/48 | €79,648 | €174,520 | +€94,871 | +119% |
| Current portion of amounts payable after more than one year | 42 | - | €9,158 | +€9,158 | |
| Trade debts | 44 | €48,849 | €41,504 | -€7,345 | -15.0% |
| Suppliers | 440/4 | €48,849 | €41,504 | -€7,345 | -15.0% |
| Advances received on contracts in progress | 46 | €5,781 | €89,132 | +€83,351 | +1,442% |
| Taxes, remuneration and social security | 45 | €22,354 | €34,038 | +€11,685 | +52.3% |
| Taxes | 450/3 | €6,308 | €25,586 | +€19,278 | +306% |
| Remuneration and social security | 454/9 | €16,046 | €8,452 | -€7,594 | -47.3% |
| Other amounts payable | 47/48 | €2,665 | €688 | -€1,977 | -74.2% |
| Remuneration, social security and pensions | 62 | €142,688 | €106,360 | -€36,328 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,530 | €7,422 | +€2,892 | +63.9% |
| Other operating charges | 640/8 | €5,258 | €4,807 | -€451 | -8.6% |
| Gross operating margin | 9900 | €186,953 | €212,949 | +€25,996 | +13.9% |
| Operating profit (loss) | 9901 | €34,477 | €94,360 | +€59,883 | +174% |
| Financial income | 75/76B | €40 | €2 | -€38 | -94.7% |
| Recurring financial income | 75 | €40 | €2 | -€38 | -94.7% |
| Financial charges | 65/66B | €8,930 | €10,214 | +€1,284 | +14.4% |
| Recurring financial charges | 65 | €8,930 | €10,214 | +€1,284 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €25,587 | €84,148 | +€58,561 | +229% |
| Income taxes | 67/77 | €7,176 | €25,586 | +€18,410 | +257% |
| Profit (loss) for the period | 9904 | €18,411 | €58,562 | +€40,151 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €18,411 | €58,562 | +€40,151 | +218% |
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 31 October 2026 via checked.be.