ATECON: 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.
ATECON
Largest movements
- Tangible fixed assets -€109,377
down €109,377 (-23.8%), from €458,785 to €349,408
of which Furniture and vehicles: -€97,649
- Receivables within one year -€107,200
down €107,200 (-22.4%), from €478,593 to €371,393
of which Trade receivables: -€83,629
- Current investments +€35,037
up €35,037 (+84.7%), from €41,379 to €76,417
- Deferred charges and accrued income +€15,967
up €15,967 (+82.0%), from €19,466 to €35,433
- Cash +€15,441
up €15,441 (+6.5%), from €238,617 to €254,058
mainly Depreciation (+€148,062) and Receivables within one year (+€107,200)
- Debts within one year -€122,345
down €122,345 (-17.8%), from €688,088 to €565,743
- Debts after one year -€82,335
down €82,335 (-48.9%), from €168,517 to €86,182
- Accrued charges and deferred income +€35,635
up €35,635 (+820%), from €4,344 to €39,979
- Gross operating margin +€124,420
up €124,420 (+7.0%), from €1.8m to €1.9m
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 | €1,256,961 | €1,099,839 | -€157,122 | -12.5% |
| Fixed assets | 21/28 | €478,905 | €362,538 | -€116,367 | -24.3% |
| Tangible fixed assets | 22/27 | €458,785 | €349,408 | -€109,377 | -23.8% |
| Plant, machinery and equipment | 23 | €54,467 | €44,173 | -€10,294 | -18.9% |
| Furniture and vehicles | 24 | €402,884 | €305,235 | -€97,649 | -24.2% |
| Other tangible fixed assets | 26 | €1,434 | - | -€1,434 | |
| Financial fixed assets | 28 | €20,120 | €13,130 | -€6,990 | -34.7% |
| Current assets | 29/58 | €778,055 | €737,301 | -€40,755 | -5.2% |
| Amounts receivable within one year | 40/41 | €478,593 | €371,393 | -€107,200 | -22.4% |
| Trade receivables | 40 | €436,876 | €353,247 | -€83,629 | -19.1% |
| Other amounts receivable | 41 | €41,717 | €18,146 | -€23,571 | -56.5% |
| Current investments | 50/53 | €41,379 | €76,417 | +€35,037 | +84.7% |
| Cash at bank and in hand | 54/58 | €238,617 | €254,058 | +€15,441 | +6.5% |
| Deferred charges and accrued income | 490/1 | €19,466 | €35,433 | +€15,967 | +82.0% |
| Total equity and liabilities | 10/49 | €1,256,961 | €1,099,839 | -€157,122 | -12.5% |
| Equity | 10/15 | €396,012 | €407,935 | +€11,923 | +3.0% |
| Reserves | 13 | €396,012 | €407,935 | +€11,923 | +3.0% |
| Amounts payable | 17/49 | €860,948 | €691,904 | -€169,044 | -19.6% |
| Amounts payable after more than one year | 17 | €168,517 | €86,182 | -€82,335 | -48.9% |
| Financial debts | 170/4 | €168,517 | €86,182 | -€82,335 | -48.9% |
| Amounts payable within one year | 42/48 | €688,088 | €565,743 | -€122,345 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €148,316 | €119,957 | -€28,359 | -19.1% |
| Trade debts | 44 | €195,902 | €155,090 | -€40,812 | -20.8% |
| Suppliers | 440/4 | €195,902 | €155,090 | -€40,812 | -20.8% |
| Taxes, remuneration and social security | 45 | €342,791 | €289,615 | -€53,176 | -15.5% |
| Taxes | 450/3 | €94,926 | €107,552 | +€12,626 | +13.3% |
| Remuneration and social security | 454/9 | €247,864 | €182,063 | -€65,802 | -26.5% |
| Accrued charges and deferred income | 492/3 | €4,344 | €39,979 | +€35,635 | +820% |
| Remuneration, social security and pensions | 62 | €1,727,269 | €1,725,258 | -€2,011 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,900 | €148,062 | +€8,163 | +5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,517 | +€3,517 | |
| Other operating charges | 640/8 | €2,315 | €10,719 | +€8,403 | +363% |
| Non-recurring operating charges | 66A | €3,676 | €1,434 | -€2,242 | -61.0% |
| Gross operating margin | 9900 | €1,785,025 | €1,909,445 | +€124,420 | +7.0% |
| Operating profit (loss) | 9901 | -€88,135 | €20,456 | +€108,590 | |
| Financial income | 75/76B | €18,318 | €6,517 | -€11,800 | -64.4% |
| Recurring financial income | 75 | €18,318 | €6,517 | -€11,800 | -64.4% |
| Financial charges | 65/66B | €17,335 | €12,827 | -€4,508 | -26.0% |
| Recurring financial charges | 65 | €17,335 | €12,727 | -€4,608 | -26.6% |
| Non-recurring financial charges | 66B | - | €100 | +€100 | |
| Profit (loss) for the period before taxes | 9903 | -€87,152 | €14,146 | +€101,298 | |
| Income taxes | 67/77 | - | €2,223 | +€2,223 | |
| Profit (loss) for the period | 9904 | -€87,152 | €11,923 | +€99,075 | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,152 | €11,923 | +€99,075 |
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 31 October 2026 via checked.be.