Atelier 29: 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 29
Largest movements
- Receivables within one year -€57,825
down €57,825 (-86.5%), from €66,884 to €9,059
of which Trade receivables: -€52,262
- Tangible fixed assets -€44,606
down €44,606 (-22.6%), from €197,155 to €152,549
of which Land and buildings: -€23,708
- Stocks and contracts -€31,415
down €31,415 (-100%), from €31,415 to €0
of which Stocks: -€25,010
- Cash +€8,437
up €8,437 (+72.2%), from €11,693 to €20,130
mainly Receivables within one year (+€57,825) and Depreciation (+€43,595)
- Deferred charges and accrued income -€5,288
down €5,288 (-73.6%), from €7,185 to €1,898
- Trade debts -€45,596
down €45,596 (-92.2%), from €49,432 to €3,836
- Profit (loss) carried forward -€39,602
down €39,602 (-116%), from -€34,169 to -€73,771
- Debts after one year -€24,264
down €24,264 (-30.1%), from €80,499 to €56,235
- Tax, wage and social debts -€19,306
down €19,306 (-100%), from €19,306 to €0
of which Remuneration and social security: -€19,001
- Other debts +€15,957
up €15,957 (+11.6%), from €137,114 to €153,072
- Gross operating margin -€291,003
down €291,003 (-82.5%), from €352,672 to €61,670
- Staff costs -€268,327
down €268,327 (-81.3%), from €330,213 to €61,885
- Financial charges -€4,311
down €4,311 (-50.6%), from €8,523 to €4,212
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 | €314,333 | €183,636 | -€130,697 | -41.6% |
| Fixed assets | 21/28 | €197,155 | €152,549 | -€44,606 | -22.6% |
| Tangible fixed assets | 22/27 | €197,155 | €152,549 | -€44,606 | -22.6% |
| Land and buildings | 22 | €160,958 | €137,250 | -€23,708 | -14.7% |
| Plant, machinery and equipment | 23 | €1,010 | €0 | -€1,010 | -100% |
| Furniture and vehicles | 24 | €35,186 | €15,299 | -€19,887 | -56.5% |
| Current assets | 29/58 | €117,178 | €31,087 | -€86,091 | -73.5% |
| Stocks and contracts in progress | 3 | €31,415 | €0 | -€31,415 | -100% |
| Stocks | 30/36 | €25,010 | €0 | -€25,010 | -100% |
| Contracts in progress | 37 | €6,405 | €0 | -€6,405 | -100% |
| Amounts receivable within one year | 40/41 | €66,884 | €9,059 | -€57,825 | -86.5% |
| Trade receivables | 40 | €61,094 | €8,832 | -€52,262 | -85.5% |
| Other amounts receivable | 41 | €5,790 | €227 | -€5,563 | -96.1% |
| Cash at bank and in hand | 54/58 | €11,693 | €20,130 | +€8,437 | +72.2% |
| Deferred charges and accrued income | 490/1 | €7,185 | €1,898 | -€5,288 | -73.6% |
| Total equity and liabilities | 10/49 | €314,333 | €183,636 | -€130,697 | -41.6% |
| Equity | 10/15 | -€1,697 | -€53,771 | -€52,074 | -3,068% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €12,472 | €0 | -€12,472 | -100% |
| Distributable reserves | 133 | €12,472 | €0 | -€12,472 | -100% |
| Profit (loss) carried forward | 14 | -€34,169 | -€73,771 | -€39,602 | -116% |
| Amounts payable | 17/49 | €316,030 | €237,406 | -€78,623 | -24.9% |
| Amounts payable after more than one year | 17 | €80,499 | €56,235 | -€24,264 | -30.1% |
| Financial debts | 170/4 | €80,499 | €56,235 | -€24,264 | -30.1% |
| Amounts payable within one year | 42/48 | €229,679 | €181,172 | -€48,507 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €23,827 | €24,264 | +€437 | +1.8% |
| Trade debts | 44 | €49,432 | €3,836 | -€45,596 | -92.2% |
| Suppliers | 440/4 | €49,432 | €3,836 | -€45,596 | -92.2% |
| Taxes, remuneration and social security | 45 | €19,306 | €0 | -€19,306 | -100% |
| Taxes | 450/3 | €305 | €0 | -€305 | -100% |
| Remuneration and social security | 454/9 | €19,001 | €0 | -€19,001 | -100% |
| Other amounts payable | 47/48 | €137,114 | €153,072 | +€15,957 | +11.6% |
| Accrued charges and deferred income | 492/3 | €5,852 | €0 | -€5,852 | -100% |
| Non-recurring operating income | 76A | €6,510 | €26,669 | +€20,159 | +310% |
| Remuneration, social security and pensions | 62 | €330,213 | €61,885 | -€268,327 | -81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,612 | €43,595 | -€2,016 | -4.4% |
| Other operating charges | 640/8 | €2,599 | €5,599 | +€2,999 | +115% |
| Non-recurring operating charges | 66A | - | €535 | +€535 | |
| Gross operating margin | 9900 | €352,672 | €61,670 | -€291,003 | -82.5% |
| Operating profit (loss) | 9901 | -€25,751 | -€49,946 | -€24,194 | -94.0% |
| Financial income | 75/76B | €105 | €2,084 | +€1,979 | +1,881% |
| Recurring financial income | 75 | €105 | €2,084 | +€1,979 | +1,881% |
| Financial charges | 65/66B | €8,523 | €4,212 | -€4,311 | -50.6% |
| Recurring financial charges | 65 | €8,523 | €4,212 | -€4,311 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | -€34,169 | -€52,074 | -€17,905 | -52.4% |
| Profit (loss) for the period | 9904 | -€34,169 | -€52,074 | -€17,905 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,169 | -€52,074 | -€17,905 | -52.4% |
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.