ATVERCA: 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.
ATVERCA
Largest movements
- Tangible fixed assets -€16,688
down €16,688 (-61.9%), from €26,973 to €10,285
of which Leasing and similar rights: -€13,324
- Receivables within one year +€3,180
up €3,180 (+15.6%), from €20,345 to €23,525
- Stocks and contracts -€2,313
down €2,313 (-10.4%), from €22,163 to €19,850
- Cash -€1,298
down €1,298 (-5.9%), from €21,950 to €20,652
mainly Trade debts (-€8,954) and Current portion of long-term debt (-€8,304)
- Trade debts -€8,954
down €8,954 (-73.7%), from €12,148 to €3,194
- Current portion of long-term debt -€8,304
no longer reported in 2025 (was €8,304)
- Gross operating margin -€14,432
down €14,432 (-19.2%), from €75,286 to €60,853
- Staff costs -€11,860
down €11,860 (-22.4%), from €52,832 to €40,973
- Depreciation -€4,197
down €4,197 (-19.0%), from €22,124 to €17,927
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.
Derived cash bridge
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 | €91,595 | €74,469 | -€17,127 | -18.7% |
| Fixed assets | 21/28 | €27,023 | €10,335 | -€16,688 | -61.8% |
| Tangible fixed assets | 22/27 | €26,973 | €10,285 | -€16,688 | -61.9% |
| Plant, machinery and equipment | 23 | €13,649 | €10,285 | -€3,364 | -24.6% |
| Leasing and similar rights | 25 | €13,324 | - | -€13,324 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €64,573 | €64,134 | -€439 | -0.7% |
| Stocks and contracts in progress | 3 | €22,163 | €19,850 | -€2,313 | -10.4% |
| Stocks | 30/36 | €22,163 | €19,850 | -€2,313 | -10.4% |
| Amounts receivable within one year | 40/41 | €20,345 | €23,525 | +€3,180 | +15.6% |
| Trade receivables | 40 | €20,345 | €23,525 | +€3,180 | +15.6% |
| Cash at bank and in hand | 54/58 | €21,950 | €20,652 | -€1,298 | -5.9% |
| Deferred charges and accrued income | 490/1 | €114 | €107 | -€7 | -6.4% |
| Total equity and liabilities | 10/49 | €91,595 | €74,469 | -€17,127 | -18.7% |
| Equity | 10/15 | €16,700 | €16,959 | +€259 | +1.6% |
| Contributions | 10/11 | €6,605 | €6,605 | = | 0.0% |
| Reserves | 13 | €50,704 | €50,704 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,170 | €9,170 | = | 0.0% |
| Distributable reserves | 133 | €41,534 | €41,534 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,609 | -€40,350 | +€259 | +0.6% |
| Amounts payable | 17/49 | €74,895 | €57,509 | -€17,386 | -23.2% |
| Amounts payable within one year | 42/48 | €74,895 | €57,509 | -€17,386 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €8,304 | - | -€8,304 | |
| Trade debts | 44 | €12,148 | €3,194 | -€8,954 | -73.7% |
| Suppliers | 440/4 | €12,148 | €3,194 | -€8,954 | -73.7% |
| Taxes, remuneration and social security | 45 | €10,647 | €11,420 | +€773 | +7.3% |
| Taxes | 450/3 | €4,825 | €8,475 | +€3,651 | +75.7% |
| Remuneration and social security | 454/9 | €5,822 | €2,944 | -€2,878 | -49.4% |
| Other amounts payable | 47/48 | €43,797 | €42,895 | -€902 | -2.1% |
| Remuneration, social security and pensions | 62 | €52,832 | €40,973 | -€11,860 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,124 | €17,927 | -€4,197 | -19.0% |
| Other operating charges | 640/8 | €1,307 | €1,559 | +€252 | +19.3% |
| Gross operating margin | 9900 | €75,286 | €60,853 | -€14,432 | -19.2% |
| Operating profit (loss) | 9901 | -€978 | €394 | +€1,372 | |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €590 | €202 | -€388 | -65.7% |
| Recurring financial charges | 65 | €590 | €202 | -€388 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,568 | €259 | +€1,827 | |
| Profit (loss) for the period | 9904 | -€1,568 | €259 | +€1,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,568 | €259 | +€1,827 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.