ATROPAL: 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.
ATROPAL
Largest movements
- Receivables within one year -€103,753
down €103,753 (-40.4%), from €257,123 to €153,370
of which Trade receivables: -€119,217
- Financial fixed assets -€50,000
down €50,000 (-66.6%), from €75,075 to €25,075
- Cash +€43,204
up €43,204 (+49.8%), from €86,781 to €129,985
mainly Receivables within one year (+€103,753) and Investment in fixed assets (net) (+€38,409)
- Tangible fixed assets +€8,978
up €8,978 (+180%), from €4,987 to €13,965
of which Furniture and vehicles: +€5,110
- Deferred charges and accrued income -€6,809
no longer reported in 2025 (was €6,809)
- Debts after one year -€113,608
down €113,608 (-47.2%), from €240,496 to €126,888
- Short-term financial debts -€5,660
down €5,660 (-33.0%), from €17,149 to €11,489
- Tax, wage and social debts +€5,098
up €5,098 (+16.1%), from €31,755 to €36,852
- Gross operating margin -€244,983
down €244,983 (-72.9%), from €335,878 to €90,896
- Other operating charges -€235,063
down €235,063 (-99.8%), from €235,480 to €418
- Taxes -€39,618
down €39,618 (-60.6%), from €65,364 to €25,746
- Financial charges +€5,109
up €5,109 (+9.3%), from €54,895 to €60,004
of which Financial charges: +€3,549
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 | €434,480 | €326,100 | -€108,380 | -24.9% |
| Fixed assets | 21/28 | €80,062 | €39,040 | -€41,022 | -51.2% |
| Tangible fixed assets | 22/27 | €4,987 | €13,965 | +€8,978 | +180% |
| Plant, machinery and equipment | 23 | - | €3,868 | +€3,868 | |
| Furniture and vehicles | 24 | €4,987 | €10,097 | +€5,110 | +102% |
| Financial fixed assets | 28 | €75,075 | €25,075 | -€50,000 | -66.6% |
| Current assets | 29/58 | €354,418 | €287,060 | -€67,358 | -19.0% |
| Stocks and contracts in progress | 3 | €3,705 | €3,705 | = | 0.0% |
| Stocks | 30/36 | €3,705 | €3,705 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €257,123 | €153,370 | -€103,753 | -40.4% |
| Trade receivables | 40 | €241,758 | €122,541 | -€119,217 | -49.3% |
| Other amounts receivable | 41 | €15,365 | €30,829 | +€15,464 | +101% |
| Cash at bank and in hand | 54/58 | €86,781 | €129,985 | +€43,204 | +49.8% |
| Deferred charges and accrued income | 490/1 | €6,809 | - | -€6,809 | |
| Total equity and liabilities | 10/49 | €434,480 | €326,100 | -€108,380 | -24.9% |
| Equity | 10/15 | €113,038 | €115,153 | +€2,115 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,660 | €118,660 | = | 0.0% |
| Distributable reserves | 133 | €118,660 | €118,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,222 | -€22,107 | +€2,115 | +8.7% |
| Amounts payable | 17/49 | €321,441 | €210,947 | -€110,495 | -34.4% |
| Amounts payable after more than one year | 17 | €240,496 | €126,888 | -€113,608 | -47.2% |
| Financial debts | 170/4 | €240,496 | €126,888 | -€113,608 | -47.2% |
| Amounts payable within one year | 42/48 | €80,945 | €84,058 | +€3,113 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €22,116 | €26,293 | +€4,177 | +18.9% |
| Financial debts | 43 | €17,149 | €11,489 | -€5,660 | -33.0% |
| Credit institutions | 430/8 | €17,149 | €11,489 | -€5,660 | -33.0% |
| Trade debts | 44 | €9,615 | €6,376 | -€3,239 | -33.7% |
| Suppliers | 440/4 | €9,615 | €6,376 | -€3,239 | -33.7% |
| Taxes, remuneration and social security | 45 | €31,755 | €36,852 | +€5,098 | +16.1% |
| Taxes | 450/3 | €31,755 | €36,852 | +€5,098 | +16.1% |
| Other amounts payable | 47/48 | €311 | €3,048 | +€2,738 | +881% |
| Non-recurring operating income | 76A | - | €18,885 | +€18,885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,640 | €2,613 | -€2,027 | -43.7% |
| Other operating charges | 640/8 | €235,480 | €418 | -€235,063 | -99.8% |
| Gross operating margin | 9900 | €335,878 | €90,896 | -€244,983 | -72.9% |
| Operating profit (loss) | 9901 | €95,758 | €87,865 | -€7,893 | -8.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €54,895 | €60,004 | +€5,109 | +9.3% |
| Recurring financial charges | 65 | €6,455 | €10,004 | +€3,549 | +55.0% |
| Non-recurring financial charges | 66B | €48,441 | €50,000 | +€1,559 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €40,863 | €27,861 | -€13,002 | -31.8% |
| Income taxes | 67/77 | €65,364 | €25,746 | -€39,618 | -60.6% |
| Profit (loss) for the period | 9904 | -€24,501 | €2,115 | +€26,616 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,501 | €2,115 | +€26,616 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.