Den Atlas: 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.
Den Atlas
Largest movements
- Tangible fixed assets -€20,026
down €20,026 (-35.7%), from €56,060 to €36,034
of which Plant, machinery and equipment: -€14,106
- Cash -€6,591
down €6,591 (-66.5%), from €9,913 to €3,322
mainly Net result for the year (-€24,749) and Debts after one year (-€9,987)
- Receivables within one year -€3,690
down €3,690 (-7.1%), from €51,647 to €47,956
of which Trade receivables: -€3,132
- Current investments +€3,500
up €3,500 (+8.2%), from €42,449 to €45,949
- Reserves -€24,749
down €24,749 (-22.9%), from €108,034 to €83,286
of which Distributable reserves: -€24,749
- Debts after one year -€9,987
down €9,987 (-92.2%), from €10,829 to €842
- Trade debts +€7,990
up €7,990 (+21.9%), from €36,530 to €44,520
- Gross operating margin -€17,846
down €17,846, from €17,784 to -€62
- Taxes -€1,284
down €1,284 (-72.7%), from €1,766 to €482
- Depreciation +€1,228
up €1,228 (+6.5%), from €18,799 to €20,026
- Financial charges -€733
down €733 (-21.0%), from €3,487 to €2,754
- Financial income +€186
up €186 (+2,192%), from €8 to €194
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 | €187,597 | €160,614 | -€26,983 | -14.4% |
| Fixed assets | 21/28 | €81,060 | €61,034 | -€20,026 | -24.7% |
| Tangible fixed assets | 22/27 | €56,060 | €36,034 | -€20,026 | -35.7% |
| Plant, machinery and equipment | 23 | €38,055 | €23,949 | -€14,106 | -37.1% |
| Furniture and vehicles | 24 | €18,005 | €12,085 | -€5,920 | -32.9% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €106,536 | €99,579 | -€6,957 | -6.5% |
| Amounts receivable within one year | 40/41 | €51,647 | €47,956 | -€3,690 | -7.1% |
| Trade receivables | 40 | €40,093 | €36,961 | -€3,132 | -7.8% |
| Other amounts receivable | 41 | €11,554 | €10,996 | -€558 | -4.8% |
| Current investments | 50/53 | €42,449 | €45,949 | +€3,500 | +8.2% |
| Cash at bank and in hand | 54/58 | €9,913 | €3,322 | -€6,591 | -66.5% |
| Deferred charges and accrued income | 490/1 | €2,528 | €2,353 | -€175 | -6.9% |
| Total equity and liabilities | 10/49 | €187,597 | €160,614 | -€26,983 | -14.4% |
| Equity | 10/15 | €126,634 | €101,886 | -€24,749 | -19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,034 | €83,286 | -€24,749 | -22.9% |
| 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 | €106,174 | €81,426 | -€24,749 | -23.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,962 | €58,728 | -€2,234 | -3.7% |
| Amounts payable after more than one year | 17 | €10,829 | €842 | -€9,987 | -92.2% |
| Financial debts | 170/4 | €10,829 | €842 | -€9,987 | -92.2% |
| Amounts payable within one year | 42/48 | €50,133 | €57,886 | +€7,753 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €9,777 | €9,987 | +€210 | +2.1% |
| Financial debts | 43 | €766 | €0 | -€766 | -100% |
| Credit institutions | 430/8 | €766 | €0 | -€766 | -100% |
| Trade debts | 44 | €36,530 | €44,520 | +€7,990 | +21.9% |
| Suppliers | 440/4 | €36,530 | €44,520 | +€7,990 | +21.9% |
| Taxes, remuneration and social security | 45 | €3,060 | €2,248 | -€812 | -26.5% |
| Taxes | 450/3 | €3,060 | €2,248 | -€812 | -26.5% |
| Other amounts payable | 47/48 | €0 | €1,131 | +€1,131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,799 | €20,026 | +€1,228 | +6.5% |
| Other operating charges | 640/8 | €1,607 | €1,619 | +€12 | +0.8% |
| Gross operating margin | 9900 | €17,784 | -€62 | -€17,846 | |
| Operating profit (loss) | 9901 | -€2,621 | -€21,707 | -€19,086 | -728% |
| Financial income | 75/76B | €8 | €194 | +€186 | +2,192% |
| Recurring financial income | 75 | €8 | €194 | +€186 | +2,192% |
| Financial charges | 65/66B | €3,487 | €2,754 | -€733 | -21.0% |
| Recurring financial charges | 65 | €3,487 | €2,754 | -€733 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,100 | -€24,267 | -€18,167 | -298% |
| Income taxes | 67/77 | €1,766 | €482 | -€1,284 | -72.7% |
| Profit (loss) for the period | 9904 | -€7,866 | -€24,749 | -€16,883 | -215% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,866 | -€24,749 | -€16,883 | -215% |
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 14 October 2026 via checked.be.