ATSA: 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.
What changed
ATSA
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,190
2024 · -€25,434+€37,624
Equity
€339,661
2024 · €327,471+€12,190
Cash
€1,394
2024 · €3,882-€2,488
Balance sheet total
€4.2m
2024 · €4.1m+€98,229
Largest movements
Assets
- Stocks and contracts +€106,294
up €106,294 (+3.0%), from €3.6m to €3.7m
Equity and liabilities
- Other debts +€92,186
up €92,186 (+3.6%), from €2.6m to €2.7m
Income statement
- Financial charges -€46,171
down €46,171 (-37.8%), from €122,267 to €76,096
- Financial income -€19,325
down €19,325 (-17.7%), from €109,457 to €90,132
- Purchases and services -€16,352
down €16,352 (-27.9%), from €58,647 to €42,295
- Turnover +€10,657
up €10,657 (+26.3%), from €40,500 to €51,157
- Gross operating margin +€8,452
up €8,452 (+1246.6%), from €678 to €9,130
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.
Result 2024
-€25,434
Gross operating margin
+€8,452
Other operating charges
+€2,203
Financial income
-€19,325
Financial charges
+€46,171
Taxes
+€123
Result 2025
€12,190
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.
From operations
-€1,190
Investment
€0
Financing
-€1,298
Cash 2024
€3,882
From operations (derived)
-€1,190
Net result for the year
+€12,190
Depreciation
+€8,771
Stocks and contracts
-€106,294
Receivables within one year
-€3,194
Trade debts
-€13,652
Tax, wage and social debts
-€201
Other debts
+€92,186
Accrued charges and deferred income
+€9,004
Financing
-€1,298
Short-term financial debts
-€1,298
Cash 2025
€1,394
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,096,900 | €4,195,129 | +€98,229 | +2.4% |
| Formation expenses | 20 | €17,542 | €8,771 | -€8,771 | -50.0% |
| Fixed assets | 21/28 | €454,000 | €454,000 | = | 0.0% |
| Financial fixed assets | 28 | €454,000 | €454,000 | = | 0.0% |
| Current assets | 29/58 | €3,625,358 | €3,732,358 | +€107,000 | +3.0% |
| Stocks and contracts in progress | 3 | €3,596,847 | €3,703,141 | +€106,294 | +3.0% |
| Stocks | 30/36 | €3,596,847 | €3,703,141 | +€106,294 | +3.0% |
| Amounts receivable within one year | 40/41 | €6,072 | €9,266 | +€3,194 | +52.6% |
| Trade receivables | 40 | - | €9,266 | +€9,266 | |
| Other amounts receivable | 41 | €6,072 | - | -€6,072 | |
| Cash at bank and in hand | 54/58 | €3,882 | €1,394 | -€2,488 | -64.1% |
| Deferred charges and accrued income | 490/1 | €18,557 | €18,557 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,096,900 | €4,195,129 | +€98,229 | +2.4% |
| Equity | 10/15 | €327,471 | €339,661 | +€12,190 | +3.7% |
| Contributions | 10/11 | €1,325,000 | €1,325,000 | = | 0.0% |
| Capital | 10 | €1,325,000 | €1,325,000 | = | 0.0% |
| Issued capital | 100 | €1,325,000 | €1,325,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€997,529 | -€985,339 | +€12,190 | +1.2% |
| Amounts payable | 17/49 | €3,769,429 | €3,855,468 | +€86,039 | +2.3% |
| Amounts payable within one year | 42/48 | €3,769,429 | €3,846,464 | +€77,035 | +2.0% |
| Financial debts | 43 | €1,175,652 | €1,174,354 | -€1,298 | -0.1% |
| Credit institutions | 430/8 | €1,175,652 | €1,174,354 | -€1,298 | -0.1% |
| Trade debts | 44 | €33,219 | €19,567 | -€13,652 | -41.1% |
| Suppliers | 440/4 | €33,219 | €19,567 | -€13,652 | -41.1% |
| Taxes, remuneration and social security | 45 | €608 | €407 | -€201 | -33.1% |
| Taxes | 450/3 | €608 | €407 | -€201 | -33.1% |
| Other amounts payable | 47/48 | €2,559,950 | €2,652,136 | +€92,186 | +3.6% |
| Accrued charges and deferred income | 492/3 | - | €9,004 | +€9,004 | |
| Turnover | 70 | €40,500 | €51,157 | +€10,657 | +26.3% |
| Non-recurring operating income | 76A | €18,824 | €268 | -€18,556 | -98.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €58,647 | €42,295 | -€16,352 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,771 | €8,771 | = | 0.0% |
| Other operating charges | 640/8 | €4,166 | €1,963 | -€2,203 | -52.9% |
| Gross operating margin | 9900 | €678 | €9,130 | +€8,452 | +1246.6% |
| Operating profit (loss) | 9901 | -€12,259 | -€1,604 | +€10,655 | +86.9% |
| Financial income | 75/76B | €109,457 | €90,132 | -€19,325 | -17.7% |
| Recurring financial income | 75 | €109,457 | €90,132 | -€19,325 | -17.7% |
| Financial charges | 65/66B | €122,267 | €76,096 | -€46,171 | -37.8% |
| Recurring financial charges | 65 | €122,267 | €76,096 | -€46,171 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,069 | €12,432 | +€37,501 | |
| Income taxes | 67/77 | €365 | €242 | -€123 | -33.7% |
| Profit (loss) for the period | 9904 | -€25,434 | €12,190 | +€37,624 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,434 | €12,190 | +€37,624 |
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 8 October 2026 via checked.be.