Atelier 267: 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 267
Largest movements
- Tangible fixed assets -€42,597
down €42,597 (-32.2%), from €132,177 to €89,580
- Cash -€30,216
down €30,216 (-67.3%), from €44,864 to €14,648
mainly Debts after one year (-€39,700) and Receivables within one year (-€21,317)
- Receivables within one year +€21,317
up €21,317 (+26.9%), from €79,302 to €100,619
of which Trade receivables: +€21,317
- Stocks and contracts +€14,602
up €14,602 (+15.1%), from €96,778 to €111,380
of which Stocks: +€12,632
- Debts after one year -€39,700
down €39,700 (-19.3%), from €205,497 to €165,797
of which Financial debts: -€39,700
- Trade debts +€11,297
up €11,297 (+63.2%), from €17,877 to €29,174
- Reserves -€10,723
down €10,723 (-20.3%), from €52,775 to €42,052
- Gross operating margin -€33,316
down €33,316 (-10.4%), from €320,013 to €286,698
- Staff costs -€8,808
down €8,808 (-3.6%), from €246,579 to €237,770
- Taxes -€4,654
down €4,654 (-93.6%), from €4,974 to €320
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €355,880 | €317,978 | -€37,903 | -10.7% |
| Fixed assets | 21/28 | €132,177 | €89,580 | -€42,597 | -32.2% |
| Tangible fixed assets | 22/27 | €132,177 | €89,580 | -€42,597 | -32.2% |
| Land and buildings | 22 | €46,283 | €27,068 | -€19,215 | -41.5% |
| Plant, machinery and equipment | 23 | €34,105 | €25,962 | -€8,143 | -23.9% |
| Furniture and vehicles | 24 | €3,165 | €2,286 | -€880 | -27.8% |
| Leasing and similar rights | 25 | €48,623 | €34,265 | -€14,359 | -29.5% |
| Current assets | 29/58 | €223,703 | €228,397 | +€4,694 | +2.1% |
| Stocks and contracts in progress | 3 | €96,778 | €111,380 | +€14,602 | +15.1% |
| Stocks | 30/36 | €61,294 | €73,926 | +€12,632 | +20.6% |
| Contracts in progress | 37 | €35,485 | €37,455 | +€1,970 | +5.6% |
| Amounts receivable within one year | 40/41 | €79,302 | €100,619 | +€21,317 | +26.9% |
| Trade receivables | 40 | €61,210 | €82,527 | +€21,317 | +34.8% |
| Other amounts receivable | 41 | €18,092 | €18,092 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44,864 | €14,648 | -€30,216 | -67.3% |
| Deferred charges and accrued income | 490/1 | €2,758 | €1,750 | -€1,009 | -36.6% |
| Total equity and liabilities | 10/49 | €355,880 | €317,978 | -€37,903 | -10.7% |
| Equity | 10/15 | €71,375 | €60,652 | -€10,723 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,775 | €42,052 | -€10,723 | -20.3% |
| Distributable reserves | 133 | €52,775 | €42,052 | -€10,723 | -20.3% |
| Amounts payable | 17/49 | €284,506 | €257,326 | -€27,180 | -9.6% |
| Amounts payable after more than one year | 17 | €205,497 | €165,797 | -€39,700 | -19.3% |
| Financial debts | 170/4 | €160,497 | €120,797 | -€39,700 | -24.7% |
| Other amounts payable | 178/9 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €79,009 | €91,529 | +€12,520 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €38,787 | €39,804 | +€1,016 | +2.6% |
| Trade debts | 44 | €17,877 | €29,174 | +€11,297 | +63.2% |
| Suppliers | 440/4 | €17,877 | €29,174 | +€11,297 | +63.2% |
| Taxes, remuneration and social security | 45 | €18,713 | €16,456 | -€2,257 | -12.1% |
| Taxes | 450/3 | €6,778 | €5,024 | -€1,754 | -25.9% |
| Remuneration and social security | 454/9 | €11,935 | €11,433 | -€502 | -4.2% |
| Other amounts payable | 47/48 | €3,632 | €6,095 | +€2,463 | +67.8% |
| Non-recurring operating income | 76A | €6,198 | - | -€6,198 | |
| Remuneration, social security and pensions | 62 | €246,579 | €237,770 | -€8,808 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,633 | €45,300 | -€333 | -0.7% |
| Other operating charges | 640/8 | €5,446 | €5,605 | +€160 | +2.9% |
| Gross operating margin | 9900 | €320,013 | €286,698 | -€33,316 | -10.4% |
| Operating profit (loss) | 9901 | €22,356 | -€1,978 | -€24,334 | |
| Financial income | 75/76B | €957 | €1,106 | +€149 | +15.6% |
| Recurring financial income | 75 | €957 | €1,106 | +€149 | +15.6% |
| Financial charges | 65/66B | €11,234 | €9,530 | -€1,703 | -15.2% |
| Recurring financial charges | 65 | €11,234 | €9,530 | -€1,703 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €12,079 | -€10,403 | -€22,482 | |
| Income taxes | 67/77 | €4,974 | €320 | -€4,654 | -93.6% |
| Profit (loss) for the period | 9904 | €7,105 | -€10,723 | -€17,828 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,105 | -€10,723 | -€17,828 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.