ATSB: 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.
ATSB
Largest movements
- Receivables within one year +€26,688
up €26,688 (+116.3%), from €22,952 to €49,639
of which Trade receivables: +€13,872
- Tangible fixed assets -€24,983
down €24,983 (-23.3%), from €107,091 to €82,107
of which Furniture and vehicles: -€22,823
- Cash +€8,527
up €8,527 (+9.5%), from €89,683 to €98,210
mainly Net result for the year (+€35,593) and Depreciation (+€28,281)
- Other debts +€9,818
up €9,818 (+46.4%), from €21,168 to €30,986
- Tax, wage and social debts -€6,768
down €6,768 (-86.7%), from €7,803 to €1,035
- Reserves +€4,607
up €4,607 (+2.5%), from €182,715 to €187,322
- Trade debts +€3,252
up €3,252 (+71.5%), from €4,546 to €7,798
- Gross operating margin -€9,928
down €9,928 (-11.4%), from €87,397 to €77,469
- Taxes -€2,494
down €2,494 (-15.6%), from €16,035 to €13,541
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 | €223,423 | €233,556 | +€10,132 | +4.5% |
| Fixed assets | 21/28 | €107,958 | €82,974 | -€24,983 | -23.1% |
| Tangible fixed assets | 22/27 | €107,091 | €82,107 | -€24,983 | -23.3% |
| Land and buildings | 22 | €50,532 | €48,372 | -€2,160 | -4.3% |
| Furniture and vehicles | 24 | €56,558 | €33,735 | -€22,823 | -40.4% |
| Financial fixed assets | 28 | €867 | €867 | = | 0.0% |
| Current assets | 29/58 | €115,466 | €150,581 | +€35,116 | +30.4% |
| Amounts receivable within one year | 40/41 | €22,952 | €49,639 | +€26,688 | +116.3% |
| Trade receivables | 40 | €10,487 | €24,359 | +€13,872 | +132.3% |
| Other amounts receivable | 41 | €12,465 | €25,280 | +€12,815 | +102.8% |
| Cash at bank and in hand | 54/58 | €89,683 | €98,210 | +€8,527 | +9.5% |
| Deferred charges and accrued income | 490/1 | €2,831 | €2,732 | -€99 | -3.5% |
| Total equity and liabilities | 10/49 | €223,423 | €233,556 | +€10,132 | +4.5% |
| Equity | 10/15 | €188,988 | €193,594 | +€4,607 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €182,715 | €187,322 | +€4,607 | +2.5% |
| Distributable reserves | 133 | €182,715 | €187,322 | +€4,607 | +2.5% |
| Profit (loss) carried forward | 14 | €72 | €72 | = | 0.0% |
| Amounts payable | 17/49 | €34,436 | €39,962 | +€5,526 | +16.0% |
| Amounts payable within one year | 42/48 | €34,396 | €39,959 | +€5,563 | +16.2% |
| Financial debts | 43 | €878 | €139 | -€739 | -84.1% |
| Credit institutions | 430/8 | €878 | €139 | -€739 | -84.1% |
| Trade debts | 44 | €4,546 | €7,798 | +€3,252 | +71.5% |
| Suppliers | 440/4 | €4,546 | €7,798 | +€3,252 | +71.5% |
| Taxes, remuneration and social security | 45 | €7,803 | €1,035 | -€6,768 | -86.7% |
| Taxes | 450/3 | €7,803 | €1,035 | -€6,768 | -86.7% |
| Other amounts payable | 47/48 | €21,168 | €30,986 | +€9,818 | +46.4% |
| Accrued charges and deferred income | 492/3 | €40 | €2 | -€37 | -93.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,606 | €28,281 | +€675 | +2.4% |
| Other operating charges | 640/8 | €1,052 | €838 | -€214 | -20.3% |
| Gross operating margin | 9900 | €87,397 | €77,469 | -€9,928 | -11.4% |
| Operating profit (loss) | 9901 | €58,739 | €48,350 | -€10,389 | -17.7% |
| Financial income | 75/76B | €736 | €982 | +€246 | +33.4% |
| Recurring financial income | 75 | €736 | €982 | +€246 | +33.4% |
| Financial charges | 65/66B | €818 | €198 | -€620 | -75.8% |
| Recurring financial charges | 65 | €818 | €198 | -€620 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €58,657 | €49,134 | -€9,523 | -16.2% |
| Income taxes | 67/77 | €16,035 | €13,541 | -€2,494 | -15.6% |
| Profit (loss) for the period | 9904 | €42,622 | €35,593 | -€7,029 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,622 | €35,593 | -€7,029 | -16.5% |
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 7 October 2026 via checked.be.