ATRS: 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.
ATRS
Largest movements
- Cash -€111,891
down €111,891 (-75.6%), from €148,102 to €36,211
mainly Other debts (-€125,000) and Receivables within one year (-€14,881)
- Receivables within one year +€14,881
up €14,881 (+7.9%), from €188,644 to €203,525
of which Trade receivables: +€13,758
- Tangible fixed assets -€8,948
down €8,948 (-5.4%), from €164,259 to €155,311
of which Land and buildings: -€5,844
- Other debts -€125,000
no longer reported in 2026 (was €125,000)
- Trade debts +€20,417
up €20,417 (+78.5%), from €26,009 to €46,427
- Debts after one year -€13,541
down €13,541 (-17.5%), from €77,490 to €63,948
- Tax, wage and social debts +€12,785
up €12,785 (+38.9%), from €32,897 to €45,682
of which Remuneration and social security: +€12,567
- Gross operating margin +€30,205
up €30,205 (+10.8%), from €278,606 to €308,811
- Staff costs +€29,813
up €29,813 (+11.7%), from €254,448 to €284,261
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €509,535 | €405,948 | -€103,587 | -20.3% |
| Fixed assets | 21/28 | €164,472 | €155,524 | -€8,948 | -5.4% |
| Tangible fixed assets | 22/27 | €164,259 | €155,311 | -€8,948 | -5.4% |
| Land and buildings | 22 | €142,350 | €136,506 | -€5,844 | -4.1% |
| Plant, machinery and equipment | 23 | €15,428 | €12,394 | -€3,034 | -19.7% |
| Furniture and vehicles | 24 | €6,481 | €3,303 | -€3,178 | -49.0% |
| Other tangible fixed assets | 26 | - | €3,108 | +€3,108 | |
| Financial fixed assets | 28 | €213 | €213 | = | 0.0% |
| Current assets | 29/58 | €345,063 | €250,424 | -€94,639 | -27.4% |
| Stocks and contracts in progress | 3 | €3,485 | €6,198 | +€2,713 | +77.8% |
| Stocks | 30/36 | €3,485 | €6,198 | +€2,713 | +77.8% |
| Amounts receivable within one year | 40/41 | €188,644 | €203,525 | +€14,881 | +7.9% |
| Trade receivables | 40 | €173,207 | €186,965 | +€13,758 | +7.9% |
| Other amounts receivable | 41 | €15,437 | €16,560 | +€1,123 | +7.3% |
| Cash at bank and in hand | 54/58 | €148,102 | €36,211 | -€111,891 | -75.6% |
| Deferred charges and accrued income | 490/1 | €4,832 | €4,490 | -€342 | -7.1% |
| Total equity and liabilities | 10/49 | €509,535 | €405,948 | -€103,587 | -20.3% |
| Equity | 10/15 | €231,413 | €232,947 | +€1,534 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,837 | €65,371 | +€1,534 | +2.4% |
| Distributable reserves | 133 | €63,837 | €65,371 | +€1,534 | +2.4% |
| Profit (loss) carried forward | 14 | €148,976 | €148,976 | = | 0.0% |
| Amounts payable | 17/49 | €278,122 | €173,001 | -€105,121 | -37.8% |
| Amounts payable after more than one year | 17 | €77,490 | €63,948 | -€13,541 | -17.5% |
| Financial debts | 170/4 | €77,490 | €63,948 | -€13,541 | -17.5% |
| Amounts payable within one year | 42/48 | €200,632 | €109,053 | -€91,580 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €13,307 | €13,541 | +€234 | +1.8% |
| Financial debts | 43 | €3,419 | €3,403 | -€16 | -0.5% |
| Credit institutions | 430/8 | €3,419 | €3,403 | -€16 | -0.5% |
| Trade debts | 44 | €26,009 | €46,427 | +€20,417 | +78.5% |
| Suppliers | 440/4 | €26,009 | €46,427 | +€20,417 | +78.5% |
| Taxes, remuneration and social security | 45 | €32,897 | €45,682 | +€12,785 | +38.9% |
| Taxes | 450/3 | €4,049 | €4,267 | +€218 | +5.4% |
| Remuneration and social security | 454/9 | €28,848 | €41,415 | +€12,567 | +43.6% |
| Other amounts payable | 47/48 | €125,000 | - | -€125,000 | |
| Remuneration, social security and pensions | 62 | €254,448 | €284,261 | +€29,813 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,321 | €14,530 | +€209 | +1.5% |
| Other operating charges | 640/8 | €2,652 | €2,669 | +€18 | +0.7% |
| Gross operating margin | 9900 | €278,606 | €308,811 | +€30,205 | +10.8% |
| Operating profit (loss) | 9901 | €7,184 | €7,350 | +€166 | +2.3% |
| Financial charges | 65/66B | €3,429 | €2,686 | -€742 | -21.6% |
| Recurring financial charges | 65 | €3,429 | €2,686 | -€742 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €3,756 | €4,664 | +€908 | +24.2% |
| Income taxes | 67/77 | €2,674 | €3,130 | +€457 | +17.1% |
| Profit (loss) for the period | 9904 | €1,082 | €1,534 | +€452 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,082 | €1,534 | +€452 | +41.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.