ATRADEX: 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.
ATRADEX
Largest movements
- Receivables within one year +€80,210
new in 2025: €80,210
of which Other amounts receivable: +€75,000
- Tangible fixed assets -€41,379
down €41,379 (-4.4%), from €933,332 to €891,953
of which Plant, machinery and equipment: -€28,501
- Cash -€18,488
down €18,488 (-53.4%), from €34,645 to €16,157
mainly Receivables within one year (-€80,210) and Debts after one year (-€36,501)
- Other debts +€100,471
up €100,471 (+12.6%), from €797,468 to €897,939
- Debts after one year -€36,501
down €36,501 (-6.7%), from €545,866 to €509,366
of which Financial debts: -€33,501
- Profit (loss) carried forward -€34,103
down €34,103 (-7.7%), from -€444,253 to -€478,356
- Trade debts -€14,221
down €14,221 (-78.0%), from €18,221 to €4,000
- Gross operating margin +€19,867
up €19,867 (+66.0%), from €30,097 to €49,965
- Other operating charges -€751
down €751 (-13.2%), from €5,705 to €4,954
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 | €968,834 | €989,192 | +€20,358 | +2.1% |
| Fixed assets | 21/28 | €933,832 | €892,453 | -€41,379 | -4.4% |
| Tangible fixed assets | 22/27 | €933,332 | €891,953 | -€41,379 | -4.4% |
| Land and buildings | 22 | €546,336 | €531,576 | -€14,760 | -2.7% |
| Plant, machinery and equipment | 23 | €386,968 | €358,467 | -€28,501 | -7.4% |
| Furniture and vehicles | 24 | €28 | €1,910 | +€1,882 | +6722.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €35,002 | €96,740 | +€61,738 | +176.4% |
| Amounts receivable within one year | 40/41 | - | €80,210 | +€80,210 | |
| Trade receivables | 40 | - | €5,210 | +€5,210 | |
| Other amounts receivable | 41 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €34,645 | €16,157 | -€18,488 | -53.4% |
| Deferred charges and accrued income | 490/1 | €357 | €372 | +€16 | +4.3% |
| Total equity and liabilities | 10/49 | €968,834 | €989,192 | +€20,358 | +2.1% |
| Equity | 10/15 | -€425,636 | -€459,739 | -€34,103 | -8.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €24 | €24 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24 | €24 | = | 0.0% |
| Legal reserve | 130 | €24 | - | -€24 | |
| Reserves not available under the articles | 1311 | - | €24 | +€24 | |
| Profit (loss) carried forward | 14 | -€444,253 | -€478,356 | -€34,103 | -7.7% |
| Amounts payable | 17/49 | €1,394,471 | €1,448,931 | +€54,461 | +3.9% |
| Amounts payable after more than one year | 17 | €545,866 | €509,366 | -€36,501 | -6.7% |
| Financial debts | 170/4 | €542,866 | €509,366 | -€33,501 | -6.2% |
| Other amounts payable | 178/9 | €3,000 | - | -€3,000 | |
| Amounts payable within one year | 42/48 | €848,604 | €938,476 | +€89,872 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €32,915 | €33,501 | +€586 | +1.8% |
| Trade debts | 44 | €18,221 | €4,000 | -€14,221 | -78.0% |
| Suppliers | 440/4 | €18,221 | €4,000 | -€14,221 | -78.0% |
| Taxes, remuneration and social security | 45 | - | €3,036 | +€3,036 | |
| Taxes | 450/3 | - | €3,036 | +€3,036 | |
| Other amounts payable | 47/48 | €797,468 | €897,939 | +€100,471 | +12.6% |
| Accrued charges and deferred income | 492/3 | - | €1,090 | +€1,090 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,615 | €70,849 | +€234 | +0.3% |
| Other operating charges | 640/8 | €5,705 | €4,954 | -€751 | -13.2% |
| Gross operating margin | 9900 | €30,097 | €49,965 | +€19,867 | +66.0% |
| Operating profit (loss) | 9901 | -€46,223 | -€25,839 | +€20,384 | +44.1% |
| Financial charges | 65/66B | €8,490 | €8,264 | -€226 | -2.7% |
| Recurring financial charges | 65 | €8,490 | €8,264 | -€226 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€54,713 | -€34,103 | +€20,610 | +37.7% |
| Profit (loss) for the period | 9904 | -€54,713 | -€34,103 | +€20,610 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,713 | -€34,103 | +€20,610 | +37.7% |
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 2 October 2026 via checked.be.