ATREXFI: what changed
ATREXFI
Largest movements
- Cash +€23,712
up €23,712 (+25.7%), from €92,117 to €115,828
mainly Net result for the year (+€40,437) and Other debts (+€13,101)
- Tangible fixed assets -€16,281
down €16,281 (-28.5%), from €57,226 to €40,945
of which Other tangible fixed assets: -€49,513
- Receivables within one year -€4,354
down €4,354 (-22.5%), from €19,335 to €14,981
of which Trade receivables: -€6,090
- Deferred charges and accrued income +€2,282
new in 2025: €2,282
- Other debts +€13,101
new in 2025: €13,101
- Reserves +€8,013
up €8,013 (+7.1%), from €112,341 to €120,353
of which Distributable reserves: +€8,013
- Trade debts -€7,198
down €7,198 (-57.1%), from €12,598 to €5,401
- Current portion of long-term debt -€6,242
no longer reported in 2025 (was €6,242)
- Tax, wage and social debts -€3,057
down €3,057 (-13.2%), from €23,236 to €20,179
- Other operating charges +€8,601
up €8,601 (+623%), from €1,382 to €9,983
- Depreciation -€4,151
down €4,151 (-31.9%), from €13,008 to €8,857
- Taxes +€1,644
up €1,644 (+10.3%), from €16,005 to €17,649
- Financial charges -€1,168
down €1,168 (-53.3%), from €2,194 to €1,025
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,677 | €174,037 | +€5,359 | +3.2% |
| Fixed assets | 21/28 | €57,226 | €40,945 | -€16,281 | -28.5% |
| Tangible fixed assets | 22/27 | €57,226 | €40,945 | -€16,281 | -28.5% |
| Furniture and vehicles | 24 | €7,713 | €40,945 | +€33,232 | +431% |
| Other tangible fixed assets | 26 | €49,513 | - | -€49,513 | |
| Current assets | 29/58 | €111,452 | €133,092 | +€21,640 | +19.4% |
| Amounts receivable within one year | 40/41 | €19,335 | €14,981 | -€4,354 | -22.5% |
| Trade receivables | 40 | €10,998 | €4,907 | -€6,090 | -55.4% |
| Other amounts receivable | 41 | €8,337 | €10,074 | +€1,737 | +20.8% |
| Cash at bank and in hand | 54/58 | €92,117 | €115,828 | +€23,712 | +25.7% |
| Deferred charges and accrued income | 490/1 | - | €2,282 | +€2,282 | |
| Total equity and liabilities | 10/49 | €168,677 | €174,037 | +€5,359 | +3.2% |
| Equity | 10/15 | €125,341 | €133,353 | +€8,013 | +6.4% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €112,341 | €120,353 | +€8,013 | +7.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €110,481 | €118,493 | +€8,013 | +7.3% |
| Amounts payable | 17/49 | €43,337 | €40,683 | -€2,654 | -6.1% |
| Amounts payable within one year | 42/48 | €42,076 | €38,681 | -€3,395 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €6,242 | - | -€6,242 | |
| Trade debts | 44 | €12,598 | €5,401 | -€7,198 | -57.1% |
| Suppliers | 440/4 | €12,598 | €5,401 | -€7,198 | -57.1% |
| Taxes, remuneration and social security | 45 | €23,236 | €20,179 | -€3,057 | -13.2% |
| Taxes | 450/3 | €23,236 | €20,179 | -€3,057 | -13.2% |
| Other amounts payable | 47/48 | - | €13,101 | +€13,101 | |
| Accrued charges and deferred income | 492/3 | €1,261 | €2,002 | +€741 | +58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,008 | €8,857 | -€4,151 | -31.9% |
| Other operating charges | 640/8 | €1,382 | €9,983 | +€8,601 | +623% |
| Gross operating margin | 9900 | €77,680 | €77,951 | +€271 | +0.3% |
| Operating profit (loss) | 9901 | €63,291 | €59,111 | -€4,180 | -6.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,194 | €1,025 | -€1,168 | -53.3% |
| Recurring financial charges | 65 | €2,194 | €1,025 | -€1,168 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €61,097 | €58,086 | -€3,011 | -4.9% |
| Income taxes | 67/77 | €16,005 | €17,649 | +€1,644 | +10.3% |
| Profit (loss) for the period | 9904 | €45,092 | €40,437 | -€4,655 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,092 | €40,437 | -€4,655 | -10.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.