ATELIER 1: 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.
ATELIER 1
Largest movements
- Tangible fixed assets -€4,146
down €4,146 (-21.3%), from €19,443 to €15,297
of which Other tangible fixed assets: -€3,368
- Receivables within one year -€2,680
down €2,680 (-22.1%), from €12,104 to €9,423
- Cash -€2,634
down €2,634 (-23.0%), from €11,474 to €8,841
mainly Debts after one year (-€10,000) and Current portion of long-term debt (-€6,300)
- Deferred charges and accrued income +€1,947
up €1,947 (+502.4%), from €387 to €2,334
- Debts after one year -€10,000
down €10,000 (-55.6%), from €18,000 to €8,000
- Tax, wage and social debts +€8,786
up €8,786 (+145.6%), from €6,034 to €14,820
of which Taxes: +€4,779
- Profit (loss) carried forward +€7,436
up €7,436 (+50.8%), from -€14,647 to -€7,211
- Current portion of long-term debt -€6,300
no longer reported in 2025 (was €6,300)
- Other debts -€5,117
down €5,117 (-98.9%), from €5,176 to €59
- Taxes +€3,757
up €3,757 (+923.5%), from €407 to €4,164
- Financial charges -€2,426
down €2,426 (-55.2%), from €4,395 to €1,969
- Other operating charges +€2,400
up €2,400 (+126.3%), from €1,901 to €4,301
- Gross operating margin +€555
up €555 (+2.6%), from €21,450 to €22,005
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 | €43,408 | €35,896 | -€7,513 | -17.3% |
| Fixed assets | 21/28 | €19,443 | €15,297 | -€4,146 | -21.3% |
| Tangible fixed assets | 22/27 | €19,443 | €15,297 | -€4,146 | -21.3% |
| Plant, machinery and equipment | 23 | €3,261 | €2,483 | -€777 | -23.8% |
| Other tangible fixed assets | 26 | €16,182 | €12,814 | -€3,368 | -20.8% |
| Current assets | 29/58 | €23,965 | €20,598 | -€3,367 | -14.1% |
| Amounts receivable within one year | 40/41 | €12,104 | €9,423 | -€2,680 | -22.1% |
| Trade receivables | 40 | €12,104 | €9,423 | -€2,680 | -22.1% |
| Cash at bank and in hand | 54/58 | €11,474 | €8,841 | -€2,634 | -23.0% |
| Deferred charges and accrued income | 490/1 | €387 | €2,334 | +€1,947 | +502.4% |
| Total equity and liabilities | 10/49 | €43,408 | €35,896 | -€7,513 | -17.3% |
| Equity | 10/15 | €4,105 | €11,541 | +€7,436 | +181.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €202 | €202 | = | 0.0% |
| Distributable reserves | 133 | €202 | €202 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,647 | -€7,211 | +€7,436 | +50.8% |
| Amounts payable | 17/49 | €39,303 | €24,355 | -€14,948 | -38.0% |
| Amounts payable after more than one year | 17 | €18,000 | €8,000 | -€10,000 | -55.6% |
| Other amounts payable | 178/9 | €18,000 | €8,000 | -€10,000 | -55.6% |
| Amounts payable within one year | 42/48 | €21,303 | €15,925 | -€5,379 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €6,300 | - | -€6,300 | |
| Trade debts | 44 | €3,794 | €1,046 | -€2,748 | -72.4% |
| Suppliers | 440/4 | €3,794 | €1,046 | -€2,748 | -72.4% |
| Taxes, remuneration and social security | 45 | €6,034 | €14,820 | +€8,786 | +145.6% |
| Taxes | 450/3 | €6,034 | €10,813 | +€4,779 | +79.2% |
| Remuneration and social security | 454/9 | - | €4,007 | +€4,007 | |
| Other amounts payable | 47/48 | €5,176 | €59 | -€5,117 | -98.9% |
| Accrued charges and deferred income | 492/3 | - | €430 | +€430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,995 | €4,146 | +€151 | +3.8% |
| Other operating charges | 640/8 | €1,901 | €4,301 | +€2,400 | +126.3% |
| Gross operating margin | 9900 | €21,450 | €22,005 | +€555 | +2.6% |
| Operating profit (loss) | 9901 | €15,554 | €13,558 | -€1,996 | -12.8% |
| Financial income | 75/76B | €3 | €10 | +€7 | +231.3% |
| Recurring financial income | 75 | €3 | €10 | +€7 | +231.3% |
| Financial charges | 65/66B | €4,395 | €1,969 | -€2,426 | -55.2% |
| Recurring financial charges | 65 | €4,395 | €1,969 | -€2,426 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €11,162 | €11,600 | +€437 | +3.9% |
| Income taxes | 67/77 | €407 | €4,164 | +€3,757 | +923.5% |
| Profit (loss) for the period | 9904 | €10,756 | €7,436 | -€3,320 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,756 | €7,436 | -€3,320 | -30.9% |
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 4 October 2026 via checked.be.