ATZMON: 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.
ATZMON
Largest movements
- Stocks and contracts -€190,948
down €190,948 (-15.3%), from €1.2m to €1.1m
- Receivables within one year -€128,327
down €128,327 (-50.1%), from €256,210 to €127,883
of which Trade receivables: -€81,999
- Cash +€58,534
up €58,534 (+24.0%), from €243,720 to €302,254
mainly Other debts (+€796,815) and Stocks and contracts (+€190,948)
- Reserves -€913,714
down €913,714 (-53.4%), from €1.7m to €797,915
of which Distributable reserves: -€913,714
- Other debts +€796,815
new in 2025: €796,815
- Trade debts -€72,176
down €72,176 (-83.3%), from €86,651 to €14,474
- Profit (loss) carried forward -€66,769
new in 2025: -€66,769
- Gross operating margin -€73,860
down €73,860 (-88.1%), from €83,837 to €9,977
- Financial income -€35,509
down €35,509 (-46.1%), from €77,073 to €41,564
- Financial charges +€28,114
up €28,114 (+36.7%), from €76,653 to €104,767
- Staff costs -€6,819
no longer reported in 2025 (was €6,819)
- Taxes -€3,654
down €3,654 (-32.2%), from €11,333 to €7,679
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 | €1,828,215 | €1,568,715 | -€259,500 | -14.2% |
| Fixed assets | 21/28 | €20,067 | €18,919 | -€1,149 | -5.7% |
| Tangible fixed assets | 22/27 | €18,067 | €16,919 | -€1,149 | -6.4% |
| Plant, machinery and equipment | 23 | €15,291 | €12,811 | -€2,480 | -16.2% |
| Furniture and vehicles | 24 | €2,777 | €4,108 | +€1,331 | +47.9% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €1,808,148 | €1,549,797 | -€258,351 | -14.3% |
| Amounts receivable after more than one year | 29 | €62,937 | €65,328 | +€2,391 | +3.8% |
| Other amounts receivable | 291 | €62,937 | €65,328 | +€2,391 | +3.8% |
| Stocks and contracts in progress | 3 | €1,245,281 | €1,054,332 | -€190,948 | -15.3% |
| Stocks | 30/36 | €1,245,281 | €1,054,332 | -€190,948 | -15.3% |
| Amounts receivable within one year | 40/41 | €256,210 | €127,883 | -€128,327 | -50.1% |
| Trade receivables | 40 | €208,393 | €126,395 | -€81,999 | -39.3% |
| Other amounts receivable | 41 | €47,816 | €1,488 | -€46,329 | -96.9% |
| Cash at bank and in hand | 54/58 | €243,720 | €302,254 | +€58,534 | +24.0% |
| Total equity and liabilities | 10/49 | €1,828,215 | €1,568,715 | -€259,500 | -14.2% |
| Equity | 10/15 | €1,730,229 | €749,746 | -€980,483 | -56.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,711,629 | €797,915 | -€913,714 | -53.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,709,769 | €796,055 | -€913,714 | -53.4% |
| Profit (loss) carried forward | 14 | - | -€66,769 | -€66,769 | |
| Amounts payable | 17/49 | €97,986 | €818,970 | +€720,984 | +736% |
| Amounts payable within one year | 42/48 | €97,986 | €818,970 | +€720,984 | +736% |
| Trade debts | 44 | €86,651 | €14,474 | -€72,176 | -83.3% |
| Suppliers | 440/4 | €86,651 | €14,474 | -€72,176 | -83.3% |
| Taxes, remuneration and social security | 45 | €11,335 | €7,680 | -€3,655 | -32.2% |
| Taxes | 450/3 | €11,335 | €7,680 | -€3,655 | -32.2% |
| Other amounts payable | 47/48 | - | €796,815 | +€796,815 | |
| Remuneration, social security and pensions | 62 | €6,819 | - | -€6,819 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,825 | €4,565 | +€740 | +19.3% |
| Other operating charges | 640/8 | €846 | €1,299 | +€453 | +53.6% |
| Gross operating margin | 9900 | €83,837 | €9,977 | -€73,860 | -88.1% |
| Operating profit (loss) | 9901 | €72,347 | €4,113 | -€68,234 | -94.3% |
| Financial income | 75/76B | €77,073 | €41,564 | -€35,509 | -46.1% |
| Recurring financial income | 75 | €77,073 | €41,564 | -€35,509 | -46.1% |
| Financial charges | 65/66B | €76,653 | €104,767 | +€28,114 | +36.7% |
| Recurring financial charges | 65 | €76,653 | €104,767 | +€28,114 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | €72,768 | -€59,089 | -€131,857 | |
| Income taxes | 67/77 | €11,333 | €7,679 | -€3,654 | -32.2% |
| Profit (loss) for the period | 9904 | €61,435 | -€66,769 | -€128,203 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,435 | -€66,769 | -€128,203 |
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 16 October 2026 via checked.be.