ATELIER 11: 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 11
Largest movements
- Stocks and contracts +€3,233
up €3,233 (+17.1%), from €18,933 to €22,166
- Cash +€3,143
up €3,143 (+35.4%), from €8,868 to €12,012
mainly Other debts (+€5,137) and Net result for the year (+€1,356)
- Receivables within one year -€731
down €731 (-26.8%), from €2,727 to €1,996
of which Trade receivables: -€827
- Other debts +€5,137
up €5,137 (+51.0%), from €10,072 to €15,209
- Reserves +€1,356
up €1,356 (+11.7%), from €11,562 to €12,917
of which Distributable reserves: +€1,983
- Trade debts -€523
down €523 (-40.3%), from €1,297 to €774
- Tax, wage and social debts -€511
down €511 (-21.8%), from €2,349 to €1,837
of which Taxes: -€511
- Gross operating margin -€5,128
down €5,128 (-63.1%), from €8,132 to €3,005
- Taxes -€719
down €719 (-51.5%), from €1,397 to €678
- Financial charges -€533
down €533 (-66.4%), from €804 to €270
- Depreciation +€187
up €187 (+36,763%), from €1 to €188
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 | €31,480 | €36,938 | +€5,458 | +17.3% |
| Fixed assets | 21/28 | €939 | €751 | -€188 | -20.0% |
| Tangible fixed assets | 22/27 | €939 | €751 | -€188 | -20.0% |
| Plant, machinery and equipment | 23 | €939 | €751 | -€188 | -20.0% |
| Current assets | 29/58 | €30,541 | €36,186 | +€5,646 | +18.5% |
| Stocks and contracts in progress | 3 | €18,933 | €22,166 | +€3,233 | +17.1% |
| Stocks | 30/36 | €18,933 | €22,166 | +€3,233 | +17.1% |
| Amounts receivable within one year | 40/41 | €2,727 | €1,996 | -€731 | -26.8% |
| Trade receivables | 40 | €2,248 | €1,421 | -€827 | -36.8% |
| Other amounts receivable | 41 | €480 | €576 | +€96 | +19.9% |
| Cash at bank and in hand | 54/58 | €8,868 | €12,012 | +€3,143 | +35.4% |
| Deferred charges and accrued income | 490/1 | €12 | €12 | +€0 | +2.0% |
| Total equity and liabilities | 10/49 | €31,480 | €36,938 | +€5,458 | +17.3% |
| Equity | 10/15 | €17,762 | €19,117 | +€1,356 | +7.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,562 | €12,917 | +€1,356 | +11.7% |
| Non-distributable reserves | 130/1 | €628 | €0 | -€628 | -100% |
| Reserves not available under the articles | 1311 | €628 | €0 | -€628 | -100% |
| Distributable reserves | 133 | €10,934 | €12,917 | +€1,983 | +18.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €13,719 | €17,821 | +€4,102 | +29.9% |
| Amounts payable within one year | 42/48 | €13,719 | €17,821 | +€4,102 | +29.9% |
| Trade debts | 44 | €1,297 | €774 | -€523 | -40.3% |
| Suppliers | 440/4 | €1,297 | €774 | -€523 | -40.3% |
| Taxes, remuneration and social security | 45 | €2,349 | €1,837 | -€511 | -21.8% |
| Taxes | 450/3 | €2,349 | €1,837 | -€511 | -21.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,072 | €15,209 | +€5,137 | +51.0% |
| Non-recurring operating income | 76A | €450 | €0 | -€450 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €188 | +€187 | +36,763% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €8,132 | €3,005 | -€5,128 | -63.1% |
| Operating profit (loss) | 9901 | €7,627 | €2,297 | -€5,329 | -69.9% |
| Financial income | 75/76B | €0 | €7 | +€7 | |
| Recurring financial income | 75 | €0 | €7 | +€7 | |
| Financial charges | 65/66B | €804 | €270 | -€533 | -66.4% |
| Recurring financial charges | 65 | €804 | €270 | -€533 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €6,823 | €2,033 | -€4,790 | -70.2% |
| Income taxes | 67/77 | €1,397 | €678 | -€719 | -51.5% |
| Profit (loss) for the period | 9904 | €5,427 | €1,356 | -€4,071 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,427 | €1,356 | -€4,071 | -75.0% |
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 19 October 2026 via checked.be.