ATV Immo: 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.
ATV Immo
Largest movements
- Tangible fixed assets +€200,317
up €200,317 (+45.2%), from €442,735 to €643,052
of which Land and buildings: +€136,942
- Debts after one year +€186,199
up €186,199 (+52.7%), from €353,372 to €539,571
- Current portion of long-term debt +€21,900
up €21,900 (+74.5%), from €29,390 to €51,290
- Trade debts +€21,087
up €21,087 (+64.1%), from €32,897 to €53,983
- Other debts -€19,577
down €19,577 (-52.2%), from €37,538 to €17,961
- Tax, wage and social debts -€7,453
down €7,453 (-27.2%), from €27,382 to €19,929
of which Taxes: -€8,936
- Depreciation +€28,446
up €28,446 (+134.8%), from €21,110 to €49,556
- Staff costs +€17,068
up €17,068 (+58.1%), from €29,383 to €46,451
- Taxes -€8,978
down €8,978 (-86.0%), from €10,441 to €1,464
- Gross operating margin -€1,773
down €1,773 (-1.5%), from €117,036 to €115,263
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 | €504,095 | €705,800 | +€201,705 | +40.0% |
| Fixed assets | 21/28 | €442,937 | €643,254 | +€200,317 | +45.2% |
| Tangible fixed assets | 22/27 | €442,735 | €643,052 | +€200,317 | +45.2% |
| Land and buildings | 22 | €431,493 | €568,435 | +€136,942 | +31.7% |
| Furniture and vehicles | 24 | €2,725 | €63,908 | +€61,183 | +2245.6% |
| Other tangible fixed assets | 26 | €8,517 | €10,709 | +€2,192 | +25.7% |
| Financial fixed assets | 28 | €202 | €202 | = | 0.0% |
| Current assets | 29/58 | €61,158 | €62,546 | +€1,388 | +2.3% |
| Stocks and contracts in progress | 3 | €9,564 | €6,039 | -€3,525 | -36.9% |
| Stocks | 30/36 | €9,564 | €6,039 | -€3,525 | -36.9% |
| Amounts receivable within one year | 40/41 | €46,135 | €45,167 | -€968 | -2.1% |
| Trade receivables | 40 | €44,595 | €45,167 | +€572 | +1.3% |
| Other amounts receivable | 41 | €1,540 | - | -€1,540 | |
| Cash at bank and in hand | 54/58 | €2,947 | €6,876 | +€3,928 | +133.3% |
| Deferred charges and accrued income | 490/1 | €2,512 | €4,464 | +€1,952 | +77.7% |
| Total equity and liabilities | 10/49 | €504,095 | €705,800 | +€201,705 | +40.0% |
| Equity | 10/15 | €22,549 | €21,258 | -€1,291 | -5.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,549 | €17,258 | -€1,291 | -7.0% |
| Amounts payable | 17/49 | €481,547 | €684,542 | +€202,996 | +42.2% |
| Amounts payable after more than one year | 17 | €353,372 | €539,571 | +€186,199 | +52.7% |
| Financial debts | 170/4 | €353,372 | €539,571 | +€186,199 | +52.7% |
| Amounts payable within one year | 42/48 | €127,206 | €143,163 | +€15,957 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €29,390 | €51,290 | +€21,900 | +74.5% |
| Trade debts | 44 | €32,897 | €53,983 | +€21,087 | +64.1% |
| Suppliers | 440/4 | €32,897 | €53,983 | +€21,087 | +64.1% |
| Taxes, remuneration and social security | 45 | €27,382 | €19,929 | -€7,453 | -27.2% |
| Taxes | 450/3 | €22,259 | €13,324 | -€8,936 | -40.1% |
| Remuneration and social security | 454/9 | €5,122 | €6,605 | +€1,483 | +28.9% |
| Other amounts payable | 47/48 | €37,538 | €17,961 | -€19,577 | -52.2% |
| Accrued charges and deferred income | 492/3 | €969 | €1,808 | +€840 | +86.7% |
| Remuneration, social security and pensions | 62 | €29,383 | €46,451 | +€17,068 | +58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,110 | €49,556 | +€28,446 | +134.8% |
| Other operating charges | 640/8 | €6,706 | €7,483 | +€778 | +11.6% |
| Non-recurring operating charges | 66A | €120 | - | -€120 | |
| Gross operating margin | 9900 | €117,036 | €115,263 | -€1,773 | -1.5% |
| Operating profit (loss) | 9901 | €59,718 | €11,773 | -€47,945 | -80.3% |
| Financial income | 75/76B | €460 | €12 | -€448 | -97.4% |
| Recurring financial income | 75 | €460 | €12 | -€448 | -97.4% |
| Financial charges | 65/66B | €12,545 | €11,612 | -€933 | -7.4% |
| Recurring financial charges | 65 | €12,545 | €11,612 | -€933 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €47,633 | €173 | -€47,460 | -99.6% |
| Income taxes | 67/77 | €10,441 | €1,464 | -€8,978 | -86.0% |
| Profit (loss) for the period | 9904 | €37,192 | -€1,291 | -€38,483 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,192 | -€1,291 | -€38,483 |
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 5 October 2026 via checked.be.