ATELIER 25: what changed
ATELIER 25
Largest movements
- Receivables within one year +€8,390
up €8,390 (+273%), from €3,076 to €11,466
of which Trade receivables: +€9,446
- Tangible fixed assets -€8,352
down €8,352 (-30.3%), from €27,520 to €19,169
of which Furniture and vehicles: -€7,801
- Cash -€4,293
down €4,293 (-16.1%), from €26,644 to €22,351
mainly Other debts (-€12,314) and Receivables within one year (-€8,390)
- Other debts -€12,314
down €12,314 (-82.9%), from €14,854 to €2,540
- Profit (loss) carried forward +€8,754
up €8,754 (+30.6%), from -€28,645 to -€19,891
- Debts after one year -€3,778
down €3,778 (-41.3%), from €9,158 to €5,380
- Tax, wage and social debts +€1,783
up €1,783 (+489%), from €365 to €2,147
- Trade debts +€939
up €939 (+289%), from €325 to €1,264
- Gross operating margin -€9,038
down €9,038, from €8,978 to -€60
- Depreciation +€3,173
up €3,173 (+61.3%), from €5,178 to €8,352
- Financial income -€3,136
down €3,136 (-13.6%), from €23,136 to €20,000
of which Financial income: -€23,136
- Other operating charges -€2,243
down €2,243 (-58.7%), from €3,824 to €1,581
- Financial charges -€1,568
down €1,568 (-59.6%), from €2,629 to €1,061
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,228 | €53,819 | -€4,409 | -7.6% |
| Fixed assets | 21/28 | €27,520 | €19,169 | -€8,352 | -30.3% |
| Tangible fixed assets | 22/27 | €27,520 | €19,169 | -€8,352 | -30.3% |
| Plant, machinery and equipment | 23 | €1,127 | €576 | -€551 | -48.9% |
| Furniture and vehicles | 24 | €26,394 | €18,593 | -€7,801 | -29.6% |
| Current assets | 29/58 | €30,707 | €34,650 | +€3,943 | +12.8% |
| Amounts receivable within one year | 40/41 | €3,076 | €11,466 | +€8,390 | +273% |
| Trade receivables | 40 | €2,020 | €11,466 | +€9,446 | +468% |
| Other amounts receivable | 41 | €1,056 | - | -€1,056 | |
| Cash at bank and in hand | 54/58 | €26,644 | €22,351 | -€4,293 | -16.1% |
| Deferred charges and accrued income | 490/1 | €987 | €834 | -€154 | -15.6% |
| Total equity and liabilities | 10/49 | €58,228 | €53,819 | -€4,409 | -7.6% |
| Equity | 10/15 | €29,955 | €38,709 | +€8,754 | +29.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,645 | -€19,891 | +€8,754 | +30.6% |
| Amounts payable | 17/49 | €28,273 | €15,110 | -€13,163 | -46.6% |
| Amounts payable after more than one year | 17 | €9,158 | €5,380 | -€3,778 | -41.3% |
| Financial debts | 170/4 | €9,158 | €5,380 | -€3,778 | -41.3% |
| Amounts payable within one year | 42/48 | €19,115 | €9,730 | -€9,385 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €3,571 | €3,778 | +€207 | +5.8% |
| Trade debts | 44 | €325 | €1,264 | +€939 | +289% |
| Suppliers | 440/4 | €325 | €1,264 | +€939 | +289% |
| Taxes, remuneration and social security | 45 | €365 | €2,147 | +€1,783 | +489% |
| Taxes | 450/3 | €365 | €2,147 | +€1,783 | +489% |
| Other amounts payable | 47/48 | €14,854 | €2,540 | -€12,314 | -82.9% |
| Non-recurring operating income | 76A | €4,548 | €600 | -€3,948 | -86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,178 | €8,352 | +€3,173 | +61.3% |
| Other operating charges | 640/8 | €3,824 | €1,581 | -€2,243 | -58.7% |
| Non-recurring operating charges | 66A | €5,366 | - | -€5,366 | |
| Gross operating margin | 9900 | €8,978 | -€60 | -€9,038 | |
| Operating profit (loss) | 9901 | -€5,390 | -€9,993 | -€4,602 | -85.4% |
| Financial income | 75/76B | €23,136 | €20,000 | -€3,136 | -13.6% |
| Recurring financial income | 75 | €23,136 | €0 | -€23,136 | -100.0% |
| Non-recurring financial income | 76B | €23,136 | €20,000 | -€3,136 | -13.6% |
| Financial charges | 65/66B | €2,629 | €1,061 | -€1,568 | -59.6% |
| Recurring financial charges | 65 | €2,629 | €1,061 | -€1,568 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €15,116 | €8,946 | -€6,170 | -40.8% |
| Income taxes | 67/77 | €168 | €192 | +€24 | +14.4% |
| Profit (loss) for the period | 9904 | €14,948 | €8,754 | -€6,194 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,948 | €8,754 | -€6,194 | -41.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.