ATSN: 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.
ATSN
Largest movements
- Tangible fixed assets -€26,953
down €26,953 (-62.7%), from €42,954 to €16,001
- Cash +€6,563
up €6,563 (+6.0%), from €108,820 to €115,383
mainly Depreciation (+€26,953) and Net result for the year (+€15,522)
- Receivables within one year +€3,297
up €3,297 (+6.8%), from €48,448 to €51,745
of which Other amounts receivable: +€40,677
- Tax, wage and social debts -€24,042
down €24,042 (-64.7%), from €37,145 to €13,103
of which Taxes: -€23,342
- Profit (loss) carried forward +€15,522
up €15,522 (+14.6%), from €106,464 to €121,986
- Trade debts -€4,747
down €4,747 (-21.8%), from €21,787 to €17,040
- Other debts -€2,395
no longer reported in 2025 (was €2,395)
- Staff costs +€19,496
up €19,496 (+39.0%), from €49,979 to €69,475
- Gross operating margin -€18,313
down €18,313 (-12.9%), from €141,437 to €123,125
- Taxes +€10,500
new in 2025: €10,500
- Depreciation -€9,067
down €9,067 (-25.2%), from €36,020 to €26,953
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 | €219,222 | €202,129 | -€17,093 | -7.8% |
| Fixed assets | 21/28 | €61,954 | €35,001 | -€26,953 | -43.5% |
| Tangible fixed assets | 22/27 | €42,954 | €16,001 | -€26,953 | -62.7% |
| Furniture and vehicles | 24 | €42,954 | €16,001 | -€26,953 | -62.7% |
| Financial fixed assets | 28 | €19,000 | €19,000 | = | 0.0% |
| Current assets | 29/58 | €157,268 | €167,128 | +€9,860 | +6.3% |
| Amounts receivable within one year | 40/41 | €48,448 | €51,745 | +€3,297 | +6.8% |
| Trade receivables | 40 | €48,383 | €11,003 | -€37,380 | -77.3% |
| Other amounts receivable | 41 | €65 | €40,742 | +€40,677 | +62579.8% |
| Cash at bank and in hand | 54/58 | €108,820 | €115,383 | +€6,563 | +6.0% |
| Total equity and liabilities | 10/49 | €219,222 | €202,129 | -€17,093 | -7.8% |
| Equity | 10/15 | €156,464 | €171,986 | +€15,522 | +9.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,464 | €121,986 | +€15,522 | +14.6% |
| Amounts payable | 17/49 | €62,758 | €30,143 | -€32,615 | -52.0% |
| Amounts payable after more than one year | 17 | €1,431 | - | -€1,431 | |
| Financial debts | 170/4 | €1,431 | - | -€1,431 | |
| Amounts payable within one year | 42/48 | €61,327 | €30,143 | -€31,184 | -50.8% |
| Trade debts | 44 | €21,787 | €17,040 | -€4,747 | -21.8% |
| Suppliers | 440/4 | €21,787 | €17,040 | -€4,747 | -21.8% |
| Taxes, remuneration and social security | 45 | €37,145 | €13,103 | -€24,042 | -64.7% |
| Taxes | 450/3 | €26,640 | €3,298 | -€23,342 | -87.6% |
| Remuneration and social security | 454/9 | €10,505 | €9,805 | -€700 | -6.7% |
| Other amounts payable | 47/48 | €2,395 | - | -€2,395 | |
| Remuneration, social security and pensions | 62 | €49,979 | €69,475 | +€19,496 | +39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,020 | €26,953 | -€9,067 | -25.2% |
| Other operating charges | 640/8 | €426 | €780 | +€354 | +83.1% |
| Gross operating margin | 9900 | €141,437 | €123,125 | -€18,313 | -12.9% |
| Operating profit (loss) | 9901 | €55,012 | €25,917 | -€29,095 | -52.9% |
| Financial income | 75/76B | - | €365 | +€365 | |
| Recurring financial income | 75 | - | €365 | +€365 | |
| Financial charges | 65/66B | €228 | €260 | +€32 | +14.1% |
| Recurring financial charges | 65 | €228 | €260 | +€32 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €54,784 | €26,022 | -€28,762 | -52.5% |
| Income taxes | 67/77 | - | €10,500 | +€10,500 | |
| Profit (loss) for the period | 9904 | €54,784 | €15,522 | -€39,262 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,784 | €15,522 | -€39,262 | -71.7% |
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.