Atrado: 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.
Atrado
Largest movements
- Intangible fixed assets -€167,248
down €167,248 (-94.1%), from €177,712 to €10,464
- Receivables within one year +€98,815
up €98,815 (+75.3%), from €131,163 to €229,978
of which Other amounts receivable: +€97,214
- Tangible fixed assets -€41,757
down €41,757 (-67.3%), from €62,009 to €20,252
of which Furniture and vehicles: -€39,504
- Cash +€17,668
up €17,668 (+23.6%), from €74,977 to €92,644
mainly Investment in fixed assets (net) (+€184,539) and Net result for the year (+€141,240)
- Financial fixed assets -€7,573
no longer reported in 2025 (was €7,573)
- Reserves +€140,407
up €140,407 (+107%), from €131,007 to €271,414
of which Distributable reserves: +€140,407
- Debts after one year -€97,528
no longer reported in 2025 (was €97,528)
- Current portion of long-term debt -€83,975
down €83,975 (-99.0%), from €84,780 to €806
- Trade debts -€44,657
down €44,657 (-63.6%), from €70,261 to €25,603
- Accrued charges and deferred income -€8,699
down €8,699 (-58.1%), from €14,965 to €6,266
- Staff costs -€111,443
down €111,443 (-38.1%), from €292,791 to €181,348
- Depreciation -€66,941
down €66,941 (-67.6%), from €98,980 to €32,039
- Taxes +€16,213
up €16,213 (+962%), from €1,685 to €17,898
- Other operating charges -€12,016
down €12,016 (-97.3%), from €12,343 to €328
- Financial income +€6,488
up €6,488 (+16,143%), from €40 to €6,528
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 | €536,555 | €427,535 | -€109,020 | -20.3% |
| Fixed assets | 21/28 | €247,293 | €30,716 | -€216,578 | -87.6% |
| Intangible fixed assets | 21 | €177,712 | €10,464 | -€167,248 | -94.1% |
| Tangible fixed assets | 22/27 | €62,009 | €20,252 | -€41,757 | -67.3% |
| Plant, machinery and equipment | 23 | €10,605 | €8,685 | -€1,920 | -18.1% |
| Furniture and vehicles | 24 | €49,506 | €10,002 | -€39,504 | -79.8% |
| Other tangible fixed assets | 26 | €1,898 | €1,565 | -€333 | -17.5% |
| Financial fixed assets | 28 | €7,573 | - | -€7,573 | |
| Current assets | 29/58 | €289,262 | €396,819 | +€107,557 | +37.2% |
| Amounts receivable after more than one year | 29 | €73,586 | €70,271 | -€3,315 | -4.5% |
| Other amounts receivable | 291 | €73,586 | €70,271 | -€3,315 | -4.5% |
| Amounts receivable within one year | 40/41 | €131,163 | €229,978 | +€98,815 | +75.3% |
| Trade receivables | 40 | €121,990 | €123,590 | +€1,600 | +1.3% |
| Other amounts receivable | 41 | €9,173 | €106,388 | +€97,214 | +1,060% |
| Cash at bank and in hand | 54/58 | €74,977 | €92,644 | +€17,668 | +23.6% |
| Deferred charges and accrued income | 490/1 | €9,536 | €3,926 | -€5,610 | -58.8% |
| Total equity and liabilities | 10/49 | €536,555 | €427,535 | -€109,020 | -20.3% |
| Equity | 10/15 | €225,353 | €365,761 | +€140,407 | +62.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,007 | €271,414 | +€140,407 | +107% |
| Tax-exempt reserves | 132 | €55,359 | €55,359 | = | 0.0% |
| Distributable reserves | 133 | €75,648 | €216,055 | +€140,407 | +186% |
| Profit (loss) carried forward | 14 | €75,746 | €75,746 | = | 0.0% |
| Amounts payable | 17/49 | €311,202 | €61,775 | -€249,428 | -80.1% |
| Amounts payable after more than one year | 17 | €97,528 | - | -€97,528 | |
| Financial debts | 170/4 | €97,528 | - | -€97,528 | |
| Amounts payable within one year | 42/48 | €198,709 | €55,508 | -€143,201 | -72.1% |
| Current portion of amounts payable after more than one year | 42 | €84,780 | €806 | -€83,975 | -99.0% |
| Financial debts | 43 | €8,163 | - | -€8,163 | |
| Credit institutions | 430/8 | €8,163 | - | -€8,163 | |
| Trade debts | 44 | €70,261 | €25,603 | -€44,657 | -63.6% |
| Suppliers | 440/4 | €70,261 | €25,603 | -€44,657 | -63.6% |
| Taxes, remuneration and social security | 45 | €35,505 | €28,266 | -€7,239 | -20.4% |
| Taxes | 450/3 | €9,655 | €14,411 | +€4,756 | +49.3% |
| Remuneration and social security | 454/9 | €25,851 | €13,856 | -€11,995 | -46.4% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Accrued charges and deferred income | 492/3 | €14,965 | €6,266 | -€8,699 | -58.1% |
| Non-recurring operating income | 76A | €12,670 | €237,195 | +€224,525 | +1,772% |
| Remuneration, social security and pensions | 62 | €292,791 | €181,348 | -€111,443 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,980 | €32,039 | -€66,941 | -67.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,702 | -€23 | -€2,725 | |
| Other operating charges | 640/8 | €12,343 | €328 | -€12,016 | -97.3% |
| Non-recurring operating charges | 66A | - | €5,842 | +€5,842 | |
| Gross operating margin | 9900 | €372,126 | €377,913 | +€5,787 | +1.6% |
| Operating profit (loss) | 9901 | -€34,689 | €158,380 | +€193,069 | |
| Financial income | 75/76B | €40 | €6,528 | +€6,488 | +16,143% |
| Recurring financial income | 75 | €40 | €6,528 | +€6,488 | +16,143% |
| Financial charges | 65/66B | €9,427 | €5,770 | -€3,657 | -38.8% |
| Recurring financial charges | 65 | €9,354 | €5,770 | -€3,584 | -38.3% |
| Non-recurring financial charges | 66B | €74 | - | -€74 | |
| Profit (loss) for the period before taxes | 9903 | -€44,076 | €159,138 | +€203,214 | |
| Income taxes | 67/77 | €1,685 | €17,898 | +€16,213 | +962% |
| Profit (loss) for the period | 9904 | -€45,761 | €141,240 | +€187,001 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,761 | €141,240 | +€187,001 |
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 22 October 2026 via checked.be.