ATINVEST: what changed
Two fiscal 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.
ATINVEST
Largest movements
- Tangible fixed assets -€102,656
down €102,656 (-7.2%), from €1.4m to €1.3m
- Receivables within one year -€26,428
down €26,428 (-87.3%), from €30,264 to €3,836
of which Trade receivables: -€26,723
- Cash +€17,359
up €17,359 (+41.8%), from €41,529 to €58,887
mainly Net result for the year (+€155,884) and Depreciation (+€102,656)
- Debts after one year -€244,458
down €244,458 (-46.0%), from €531,713 to €287,255
- Reserves +€155,884
up €155,884 (+25.3%), from €615,026 to €770,910
- Current portion of long-term debt -€58,206
down €58,206 (-45.6%), from €127,655 to €69,449
- Accrued charges and deferred income +€27,820
up €27,820, from €0 to €27,820
- Gross operating margin +€10,724
up €10,724 (+3.1%), from €346,138 to €356,862
- Financial charges -€9,611
down €9,611 (-35.1%), from €27,412 to €17,800
- Taxes +€4,866
up €4,866 (+10.3%), from €47,095 to €51,961
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 | €1,506,222 | €1,394,496 | -€111,726 | -7.4% |
| Fixed assets | 21/28 | €1,434,430 | €1,331,774 | -€102,656 | -7.2% |
| Tangible fixed assets | 22/27 | €1,434,430 | €1,331,774 | -€102,656 | -7.2% |
| Land and buildings | 22 | €1,434,430 | €1,331,774 | -€102,656 | -7.2% |
| Current assets | 29/58 | €71,792 | €62,723 | -€9,069 | -12.6% |
| Amounts receivable within one year | 40/41 | €30,264 | €3,836 | -€26,428 | -87.3% |
| Trade receivables | 40 | €26,723 | €0 | -€26,723 | -100.0% |
| Other amounts receivable | 41 | €3,541 | €3,836 | +€295 | +8.3% |
| Cash at bank and in hand | 54/58 | €41,529 | €58,887 | +€17,359 | +41.8% |
| Total equity and liabilities | 10/49 | €1,506,222 | €1,394,496 | -€111,726 | -7.4% |
| Equity | 10/15 | €815,026 | €970,910 | +€155,884 | +19.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €615,026 | €770,910 | +€155,884 | +25.3% |
| Distributable reserves | 133 | €615,026 | €770,910 | +€155,884 | +25.3% |
| Amounts payable | 17/49 | €691,196 | €423,586 | -€267,610 | -38.7% |
| Amounts payable after more than one year | 17 | €531,713 | €287,255 | -€244,458 | -46.0% |
| Financial debts | 170/4 | €531,713 | €287,255 | -€244,458 | -46.0% |
| Amounts payable within one year | 42/48 | €159,483 | €108,511 | -€50,972 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €127,655 | €69,449 | -€58,206 | -45.6% |
| Trade debts | 44 | €1,750 | €3,193 | +€1,443 | +82.5% |
| Suppliers | 440/4 | €1,750 | €3,193 | +€1,443 | +82.5% |
| Taxes, remuneration and social security | 45 | €13,350 | €6,961 | -€6,389 | -47.9% |
| Taxes | 450/3 | €13,350 | €6,961 | -€6,389 | -47.9% |
| Other amounts payable | 47/48 | €16,728 | €28,908 | +€12,180 | +72.8% |
| Accrued charges and deferred income | 492/3 | €0 | €27,820 | +€27,820 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,656 | €102,656 | = | 0.0% |
| Other operating charges | 640/8 | €27,690 | €28,560 | +€870 | +3.1% |
| Gross operating margin | 9900 | €346,138 | €356,862 | +€10,724 | +3.1% |
| Operating profit (loss) | 9901 | €215,792 | €225,646 | +€9,855 | +4.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €27,412 | €17,800 | -€9,611 | -35.1% |
| Recurring financial charges | 65 | €27,412 | €17,800 | -€9,611 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €188,380 | €207,846 | +€19,466 | +10.3% |
| Income taxes | 67/77 | €47,095 | €51,961 | +€4,866 | +10.3% |
| Profit (loss) for the period | 9904 | €141,285 | €155,884 | +€14,599 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €141,285 | €155,884 | +€14,599 | +10.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.