AT: what changed
AT
Largest movements
- Cash +€320,213
up €320,213 (+845%), from €37,886 to €358,099
mainly Other debts (+€281,100) and Receivables within one year (+€37,334)
- Receivables within one year -€37,334
down €37,334 (-4.0%), from €937,334 to €900,000
- Tangible fixed assets -€25,829
down €25,829 (-85.1%), from €30,366 to €4,537
of which Plant, machinery and equipment: -€20,782
- Reserves -€579,110
down €579,110 (-99.7%), from €580,965 to €1,855
of which Distributable reserves: -€580,965
- Profit (loss) carried forward +€575,956
new in 2025: €575,956
- Other debts +€281,100
up €281,100 (+186%), from €151,410 to €432,510
- Tax, wage and social debts -€13,239
down €13,239 (-33.9%), from €39,049 to €25,810
- Write-downs +€45,000
new in 2025: €45,000
- Financial charges -€14,084
down €14,084 (-99.3%), from €14,187 to €103
- Gross operating margin -€1,385
down €1,385 (-8.7%), from €15,825 to €14,440
- Taxes -€850
no longer reported in 2025 (was €850)
- Other operating charges +€217
up €217 (+48.8%), from €445 to €661
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,005,587 | €1,262,637 | +€257,050 | +25.6% |
| Fixed assets | 21/28 | €30,366 | €4,537 | -€25,829 | -85.1% |
| Tangible fixed assets | 22/27 | €30,366 | €4,537 | -€25,829 | -85.1% |
| Plant, machinery and equipment | 23 | €25,320 | €4,537 | -€20,782 | -82.1% |
| Furniture and vehicles | 24 | €5,046 | - | -€5,046 | |
| Current assets | 29/58 | €975,221 | €1,258,099 | +€282,879 | +29.0% |
| Amounts receivable within one year | 40/41 | €937,334 | €900,000 | -€37,334 | -4.0% |
| Other amounts receivable | 41 | €937,334 | €900,000 | -€37,334 | -4.0% |
| Cash at bank and in hand | 54/58 | €37,886 | €358,099 | +€320,213 | +845% |
| Total equity and liabilities | 10/49 | €1,005,587 | €1,262,637 | +€257,050 | +25.6% |
| Equity | 10/15 | €599,515 | €596,361 | -€3,153 | -0.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €580,965 | €1,855 | -€579,110 | -99.7% |
| Non-distributable reserves | 130/1 | - | €1,855 | +€1,855 | |
| Reserves not available under the articles | 1311 | - | €1,855 | +€1,855 | |
| Distributable reserves | 133 | €580,965 | - | -€580,965 | |
| Profit (loss) carried forward | 14 | - | €575,956 | +€575,956 | |
| Amounts payable | 17/49 | €406,072 | €666,275 | +€260,203 | +64.1% |
| Amounts payable within one year | 42/48 | €405,696 | €666,275 | +€260,579 | +64.2% |
| Trade debts | 44 | €215,237 | €207,955 | -€7,282 | -3.4% |
| Suppliers | 440/4 | €215,237 | €207,955 | -€7,282 | -3.4% |
| Taxes, remuneration and social security | 45 | €39,049 | €25,810 | -€13,239 | -33.9% |
| Taxes | 450/3 | €39,049 | €25,810 | -€13,239 | -33.9% |
| Other amounts payable | 47/48 | €151,410 | €432,510 | +€281,100 | +186% |
| Accrued charges and deferred income | 492/3 | €376 | - | -€376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,828 | €25,829 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €45,000 | +€45,000 | |
| Other operating charges | 640/8 | €445 | €661 | +€217 | +48.8% |
| Gross operating margin | 9900 | €15,825 | €14,440 | -€1,385 | -8.7% |
| Operating profit (loss) | 9901 | -€10,448 | -€57,050 | -€46,602 | -446% |
| Financial income | 75/76B | €54,000 | €54,000 | -€0 | 0.0% |
| Recurring financial income | 75 | €54,000 | €54,000 | -€0 | 0.0% |
| Financial charges | 65/66B | €14,187 | €103 | -€14,084 | -99.3% |
| Recurring financial charges | 65 | €14,187 | €103 | -€14,084 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €29,365 | -€3,153 | -€32,518 | |
| Income taxes | 67/77 | €850 | - | -€850 | |
| Profit (loss) for the period | 9904 | €28,515 | -€3,153 | -€31,668 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,515 | -€3,153 | -€31,668 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.