Atelier 17: 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 17
Largest movements
- Receivables within one year +€41,809
up €41,809 (+989%), from €4,229 to €46,038
of which Trade receivables: +€42,434
- Cash +€25,187
up €25,187 (+28,621%), from €88 to €25,275
mainly Other debts (+€34,836) and Trade debts (+€28,460)
- Tangible fixed assets -€19,951
down €19,951 (-9.1%), from €218,607 to €198,656
of which Land and buildings: -€14,606
- Debts after one year -€50,833
down €50,833 (-41.5%), from €122,443 to €71,611
- Other debts +€34,836
up €34,836 (+15.4%), from €226,075 to €260,911
- Trade debts +€28,460
up €28,460 (+54.8%), from €51,942 to €80,402
- Profit (loss) carried forward +€15,372
up €15,372 (+6.5%), from -€236,238 to -€220,866
- Short-term financial debts -€13,879
down €13,879 (-100%), from €13,879 to €0
- Gross operating margin +€47,639
up €47,639, from -€2,445 to €45,194
- Depreciation -€4,195
down €4,195 (-22.3%), from €18,801 to €14,606
- Other operating charges -€2,289
down €2,289 (-71.0%), from €3,223 to €935
- Financial charges +€2,157
up €2,157 (+31.1%), from €6,939 to €9,096
- Staff costs -€1,599
no longer reported in 2025 (was €1,599)
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 | €222,924 | €269,969 | +€47,045 | +21.1% |
| Fixed assets | 21/28 | €218,607 | €198,656 | -€19,951 | -9.1% |
| Tangible fixed assets | 22/27 | €218,607 | €198,656 | -€19,951 | -9.1% |
| Land and buildings | 22 | €213,262 | €198,656 | -€14,606 | -6.8% |
| Plant, machinery and equipment | 23 | €4,824 | €0 | -€4,824 | -100% |
| Furniture and vehicles | 24 | €521 | €0 | -€521 | -100% |
| Current assets | 29/58 | €4,317 | €71,313 | +€66,996 | +1,552% |
| Amounts receivable within one year | 40/41 | €4,229 | €46,038 | +€41,809 | +989% |
| Trade receivables | 40 | €0 | €42,434 | +€42,434 | |
| Other amounts receivable | 41 | €4,229 | €3,604 | -€625 | -14.8% |
| Cash at bank and in hand | 54/58 | €88 | €25,275 | +€25,187 | +28,621% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €222,924 | €269,969 | +€47,045 | +21.1% |
| Equity | 10/15 | -€219,691 | -€192,319 | +€27,372 | +12.5% |
| Contributions | 10/11 | €6,200 | €18,200 | +€12,000 | +194% |
| Reserves | 13 | €10,347 | €10,347 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €10,347 | €10,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€236,238 | -€220,866 | +€15,372 | +6.5% |
| Amounts payable | 17/49 | €442,615 | €462,288 | +€19,673 | +4.4% |
| Amounts payable after more than one year | 17 | €122,443 | €71,611 | -€50,833 | -41.5% |
| Financial debts | 170/4 | €122,443 | €71,611 | -€50,833 | -41.5% |
| Amounts payable within one year | 42/48 | €320,172 | €390,677 | +€70,506 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €21,221 | €32,495 | +€11,274 | +53.1% |
| Financial debts | 43 | €13,879 | €0 | -€13,879 | -100% |
| Credit institutions | 430/8 | €13,879 | €0 | -€13,879 | -100% |
| Trade debts | 44 | €51,942 | €80,402 | +€28,460 | +54.8% |
| Suppliers | 440/4 | €51,942 | €80,402 | +€28,460 | +54.8% |
| Taxes, remuneration and social security | 45 | €7,054 | €16,870 | +€9,815 | +139% |
| Taxes | 450/3 | €7,054 | €16,749 | +€9,694 | +137% |
| Remuneration and social security | 454/9 | - | €121 | +€121 | |
| Other amounts payable | 47/48 | €226,075 | €260,911 | +€34,836 | +15.4% |
| Remuneration, social security and pensions | 62 | €1,599 | - | -€1,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,801 | €14,606 | -€4,195 | -22.3% |
| Other operating charges | 640/8 | €3,223 | €935 | -€2,289 | -71.0% |
| Non-recurring operating charges | 66A | - | €5,345 | +€5,345 | |
| Gross operating margin | 9900 | -€2,445 | €45,194 | +€47,639 | |
| Operating profit (loss) | 9901 | -€26,068 | €24,308 | +€50,377 | |
| Financial income | 75/76B | €0 | €160 | +€160 | |
| Recurring financial income | 75 | €0 | €160 | +€160 | |
| Financial charges | 65/66B | €6,939 | €9,096 | +€2,157 | +31.1% |
| Recurring financial charges | 65 | €6,939 | €9,096 | +€2,157 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | -€33,008 | €15,372 | +€48,380 | |
| Profit (loss) for the period | 9904 | -€33,008 | €15,372 | +€48,380 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,008 | €15,372 | +€48,380 |
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 22 October 2026 via checked.be.