ATVM: 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.
ATVM
Largest movements
- Tangible fixed assets +€30,707
up €30,707 (+36.2%), from €84,899 to €115,607
of which Furniture and vehicles: +€31,623
- Cash -€12,806
down €12,806 (-46.7%), from €27,412 to €14,606
mainly Investment in fixed assets (net) (-€59,133) and Contributions, distributions and other (-€9,813)
- Receivables within one year -€3,818
down €3,818 (-35.9%), from €10,637 to €6,819
of which Other amounts receivable: -€5,948
- Current portion of long-term debt +€13,673
up €13,673 (+158.5%), from €8,628 to €22,301
- Other debts -€9,602
down €9,602 (-12.9%), from €74,665 to €65,063
- Debts after one year +€7,732
up €7,732 (+29.5%), from €26,206 to €33,938
- Trade debts +€3,989
up €3,989 (+351.4%), from €1,135 to €5,124
- Short-term financial debts -€3,181
down €3,181 (-100.0%), from €3,181 to €0
- Depreciation +€2,578
up €2,578 (+10.0%), from €25,847 to €28,425
- Taxes -€844
down €844 (-24.9%), from €3,385 to €2,542
- Gross operating margin -€500
down €500 (-1.1%), from €46,553 to €46,052
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 | €126,448 | €140,531 | +€14,083 | +11.1% |
| Fixed assets | 21/28 | €85,399 | €116,107 | +€30,707 | +36.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €84,899 | €115,607 | +€30,707 | +36.2% |
| Plant, machinery and equipment | 23 | €13,394 | €8,783 | -€4,611 | -34.4% |
| Furniture and vehicles | 24 | €71,505 | €103,128 | +€31,623 | +44.2% |
| Other tangible fixed assets | 26 | - | €3,696 | +€3,696 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €41,049 | €24,424 | -€16,624 | -40.5% |
| Amounts receivable within one year | 40/41 | €10,637 | €6,819 | -€3,818 | -35.9% |
| Trade receivables | 40 | €176 | €2,305 | +€2,129 | +1210.8% |
| Other amounts receivable | 41 | €10,461 | €4,513 | -€5,948 | -56.9% |
| Cash at bank and in hand | 54/58 | €27,412 | €14,606 | -€12,806 | -46.7% |
| Deferred charges and accrued income | 490/1 | €3,000 | €3,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €126,448 | €140,531 | +€14,083 | +11.1% |
| Equity | 10/15 | €11,133 | €11,133 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €9,133 | €9,133 | = | 0.0% |
| Distributable reserves | 133 | €9,133 | €9,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €115,315 | €129,398 | +€14,083 | +12.2% |
| Amounts payable after more than one year | 17 | €26,206 | €33,938 | +€7,732 | +29.5% |
| Financial debts | 170/4 | €26,206 | €33,938 | +€7,732 | +29.5% |
| Amounts payable within one year | 42/48 | €89,109 | €95,460 | +€6,351 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €8,628 | €22,301 | +€13,673 | +158.5% |
| Financial debts | 43 | €3,181 | €0 | -€3,181 | -100.0% |
| Credit institutions | 430/8 | €3,181 | €0 | -€3,181 | -100.0% |
| Trade debts | 44 | €1,135 | €5,124 | +€3,989 | +351.4% |
| Suppliers | 440/4 | €1,135 | €5,124 | +€3,989 | +351.4% |
| Taxes, remuneration and social security | 45 | €1,500 | €2,972 | +€1,472 | +98.1% |
| Taxes | 450/3 | €0 | €1,472 | +€1,472 | |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €74,665 | €65,063 | -€9,602 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,847 | €28,425 | +€2,578 | +10.0% |
| Other operating charges | 640/8 | €1,025 | €1,470 | +€445 | +43.4% |
| Non-recurring operating charges | 66A | €115 | €0 | -€115 | -100.0% |
| Gross operating margin | 9900 | €46,553 | €46,052 | -€500 | -1.1% |
| Operating profit (loss) | 9901 | €19,566 | €16,157 | -€3,408 | -17.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,498 | €3,804 | +€306 | +8.8% |
| Recurring financial charges | 65 | €3,498 | €3,804 | +€306 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €16,068 | €12,354 | -€3,713 | -23.1% |
| Income taxes | 67/77 | €3,385 | €2,542 | -€844 | -24.9% |
| Profit (loss) for the period | 9904 | €12,682 | €9,813 | -€2,869 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,682 | €9,813 | -€2,869 | -22.6% |
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 11 October 2026 via checked.be.