ATRES: 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.
ATRES
Largest movements
- Current investments +€59,423
up €59,423 (+30.5%), from €194,858 to €254,281
- Cash -€32,637
down €32,637 (-92.3%), from €35,359 to €2,722
mainly Current investments (-€59,423) and Contributions, distributions and other (-€20,000)
- Receivables within one year -€15,229
down €15,229 (-40.0%), from €38,098 to €22,869
of which Trade receivables: -€14,157
- Tangible fixed assets -€9,335
down €9,335 (-26.2%), from €35,627 to €26,292
of which Furniture and vehicles: -€7,408
- Deferred charges and accrued income +€4,814
up €4,814 (+251.1%), from €1,917 to €6,731
- Profit (loss) carried forward +€13,363
up €13,363 (+117.6%), from €11,360 to €24,723
- Tax, wage and social debts -€4,129
down €4,129 (-22.2%), from €18,564 to €14,435
- Gross operating margin -€56,009
down €56,009 (-53.2%), from €105,259 to €49,250
- Taxes -€14,451
down €14,451 (-52.0%), from €27,790 to €13,339
- Financial income -€6,027
down €6,027 (-25.1%), from €23,976 to €17,949
- Depreciation +€1,763
up €1,763 (+19.4%), from €9,099 to €10,862
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 | €305,859 | €312,894 | +€7,035 | +2.3% |
| Fixed assets | 21/28 | €35,627 | €26,292 | -€9,335 | -26.2% |
| Tangible fixed assets | 22/27 | €35,627 | €26,292 | -€9,335 | -26.2% |
| Land and buildings | 22 | €11,034 | €9,107 | -€1,928 | -17.5% |
| Furniture and vehicles | 24 | €24,592 | €17,185 | -€7,408 | -30.1% |
| Current assets | 29/58 | €270,232 | €286,602 | +€16,371 | +6.1% |
| Amounts receivable within one year | 40/41 | €38,098 | €22,869 | -€15,229 | -40.0% |
| Trade receivables | 40 | €37,026 | €22,869 | -€14,157 | -38.2% |
| Other amounts receivable | 41 | €1,072 | €0 | -€1,072 | -100.0% |
| Current investments | 50/53 | €194,858 | €254,281 | +€59,423 | +30.5% |
| Cash at bank and in hand | 54/58 | €35,359 | €2,722 | -€32,637 | -92.3% |
| Deferred charges and accrued income | 490/1 | €1,917 | €6,731 | +€4,814 | +251.1% |
| Total equity and liabilities | 10/49 | €305,859 | €312,894 | +€7,035 | +2.3% |
| Equity | 10/15 | €266,360 | €279,723 | +€13,363 | +5.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €250,000 | €250,000 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,360 | €24,723 | +€13,363 | +117.6% |
| Amounts payable | 17/49 | €39,499 | €33,171 | -€6,327 | -16.0% |
| Amounts payable within one year | 42/48 | €39,499 | €33,171 | -€6,327 | -16.0% |
| Financial debts | 43 | €628 | €1,148 | +€520 | +82.8% |
| Credit institutions | 430/8 | €628 | €1,148 | +€520 | +82.8% |
| Trade debts | 44 | €307 | €372 | +€65 | +21.1% |
| Suppliers | 440/4 | €307 | €372 | +€65 | +21.1% |
| Taxes, remuneration and social security | 45 | €18,564 | €14,435 | -€4,129 | -22.2% |
| Taxes | 450/3 | €18,564 | €14,435 | -€4,129 | -22.2% |
| Other amounts payable | 47/48 | €20,000 | €17,217 | -€2,783 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,099 | €10,862 | +€1,763 | +19.4% |
| Other operating charges | 640/8 | €1,386 | €1,404 | +€19 | +1.3% |
| Gross operating margin | 9900 | €105,259 | €49,250 | -€56,009 | -53.2% |
| Operating profit (loss) | 9901 | €94,774 | €36,984 | -€57,790 | -61.0% |
| Financial income | 75/76B | €23,976 | €17,949 | -€6,027 | -25.1% |
| Recurring financial income | 75 | €23,976 | €17,949 | -€6,027 | -25.1% |
| Financial charges | 65/66B | €8,732 | €8,231 | -€501 | -5.7% |
| Recurring financial charges | 65 | €8,732 | €8,231 | -€501 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €110,018 | €46,702 | -€63,316 | -57.6% |
| Income taxes | 67/77 | €27,790 | €13,339 | -€14,451 | -52.0% |
| Profit (loss) for the period | 9904 | €82,228 | €33,363 | -€48,865 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,228 | €33,363 | -€48,865 | -59.4% |
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 6 October 2026 via checked.be.