ATELIER: 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.
ATELIER
Largest movements
- Receivables within one year -€133,282
down €133,282 (-63.6%), from €209,495 to €76,213
of which Trade receivables: -€134,752
- Tangible fixed assets -€20,365
down €20,365 (-4.3%), from €477,915 to €457,551
of which Leasing and similar rights: -€17,197
- Cash -€12,618
down €12,618 (-57.7%), from €21,877 to €9,259
mainly Advances received (-€121,176) and Investment in fixed assets (net) (-€27,531)
- Advances received -€121,176
no longer reported in 2025 (was €121,176)
- Debts after one year -€24,531
down €24,531 (-6.2%), from €397,179 to €372,648
- Trade debts -€9,685
down €9,685 (-35.6%), from €27,212 to €17,528
- Reserves -€7,504
down €7,504 (-11.2%), from €67,165 to €59,661
- Gross operating margin -€4,501
down €4,501 (-6.8%), from €66,352 to €61,851
- Financial charges +€2,322
up €2,322 (+13.4%), from €17,281 to €19,603
- Depreciation +€2,047
up €2,047 (+4.6%), from €44,841 to €46,888
- Other operating charges -€2,007
down €2,007 (-46.4%), from €4,326 to €2,319
- Staff costs -€900
down €900 (-75.2%), from €1,196 to €297
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 | €710,404 | €546,826 | -€163,578 | -23.0% |
| Fixed assets | 21/28 | €477,915 | €458,559 | -€19,357 | -4.1% |
| Intangible fixed assets | 21 | - | €1,008 | +€1,008 | |
| Tangible fixed assets | 22/27 | €477,915 | €457,551 | -€20,365 | -4.3% |
| Land and buildings | 22 | €311,595 | €325,236 | +€13,641 | +4.4% |
| Plant, machinery and equipment | 23 | €113,897 | €97,922 | -€15,975 | -14.0% |
| Furniture and vehicles | 24 | €833 | - | -€833 | |
| Leasing and similar rights | 25 | €51,590 | €34,393 | -€17,197 | -33.3% |
| Current assets | 29/58 | €232,488 | €88,267 | -€144,221 | -62.0% |
| Amounts receivable within one year | 40/41 | €209,495 | €76,213 | -€133,282 | -63.6% |
| Trade receivables | 40 | €147,328 | €12,576 | -€134,752 | -91.5% |
| Other amounts receivable | 41 | €62,167 | €63,637 | +€1,470 | +2.4% |
| Cash at bank and in hand | 54/58 | €21,877 | €9,259 | -€12,618 | -57.7% |
| Deferred charges and accrued income | 490/1 | €1,117 | €2,795 | +€1,679 | +150.4% |
| Total equity and liabilities | 10/49 | €710,404 | €546,826 | -€163,578 | -23.0% |
| Equity | 10/15 | €117,165 | €109,661 | -€7,504 | -6.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €67,165 | €59,661 | -€7,504 | -11.2% |
| Distributable reserves | 133 | €67,165 | €59,661 | -€7,504 | -11.2% |
| Amounts payable | 17/49 | €593,239 | €437,165 | -€156,074 | -26.3% |
| Amounts payable after more than one year | 17 | €397,179 | €372,648 | -€24,531 | -6.2% |
| Financial debts | 170/4 | €397,179 | €372,648 | -€24,531 | -6.2% |
| Amounts payable within one year | 42/48 | €195,934 | €64,389 | -€131,545 | -67.1% |
| Current portion of amounts payable after more than one year | 42 | €44,876 | €46,604 | +€1,727 | +3.8% |
| Trade debts | 44 | €27,212 | €17,528 | -€9,685 | -35.6% |
| Suppliers | 440/4 | €27,212 | €17,528 | -€9,685 | -35.6% |
| Advances received on contracts in progress | 46 | €121,176 | - | -€121,176 | |
| Taxes, remuneration and social security | 45 | €2,669 | €258 | -€2,411 | -90.3% |
| Taxes | 450/3 | €2,669 | €258 | -€2,411 | -90.3% |
| Accrued charges and deferred income | 492/3 | €126 | €128 | +€2 | +1.6% |
| Remuneration, social security and pensions | 62 | €1,196 | €297 | -€900 | -75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,841 | €46,888 | +€2,047 | +4.6% |
| Other operating charges | 640/8 | €4,326 | €2,319 | -€2,007 | -46.4% |
| Gross operating margin | 9900 | €66,352 | €61,851 | -€4,501 | -6.8% |
| Operating profit (loss) | 9901 | €15,988 | €12,348 | -€3,641 | -22.8% |
| Financial income | 75/76B | €0 | €9 | +€9 | +90000.0% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +90000.0% |
| Financial charges | 65/66B | €17,281 | €19,603 | +€2,322 | +13.4% |
| Recurring financial charges | 65 | €17,281 | €19,603 | +€2,322 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,292 | -€7,246 | -€5,954 | -460.6% |
| Income taxes | 67/77 | €778 | €258 | -€520 | -66.8% |
| Profit (loss) for the period | 9904 | -€2,070 | -€7,504 | -€5,434 | -262.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,070 | -€7,504 | -€5,434 | -262.5% |
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 12 October 2026 via checked.be.