ATELIER 4: 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 4
Largest movements
- Stocks and contracts -€19,837
down €19,837 (-19.7%), from €100,744 to €80,907
- Tangible fixed assets -€11,168
down €11,168 (-9.7%), from €114,767 to €103,598
of which Land and buildings: -€10,233
- Cash -€3,975
down €3,975 (-20.5%), from €19,350 to €15,374
mainly Trade debts (-€29,466) and Debts after one year (-€13,454)
- Trade debts -€29,466
down €29,466 (-47.3%), from €62,356 to €32,890
- Debts after one year -€13,454
down €13,454 (-100%), from €13,454 to €0
- Reserves +€5,298
up €5,298 (+7.1%), from €75,129 to €80,427
of which Distributable reserves: +€5,298
- Tax, wage and social debts +€2,893
up €2,893 (+89.0%), from €3,251 to €6,143
- Write-downs -€11,570
down €11,570, from €10,217 to -€1,353
- Gross operating margin -€2,028
down €2,028 (-9.5%), from €21,336 to €19,308
- Financial charges -€488
down €488 (-15.5%), from €3,143 to €2,656
- Depreciation +€236
up €236 (+2.2%), from €10,932 to €11,168
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 | €236,715 | €201,392 | -€35,323 | -14.9% |
| Fixed assets | 21/28 | €114,950 | €103,856 | -€11,093 | -9.7% |
| Tangible fixed assets | 22/27 | €114,767 | €103,598 | -€11,168 | -9.7% |
| Land and buildings | 22 | €111,234 | €101,001 | -€10,233 | -9.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €3,533 | €2,597 | -€935 | -26.5% |
| Financial fixed assets | 28 | €183 | €258 | +€75 | +41.0% |
| Current assets | 29/58 | €121,765 | €97,535 | -€24,230 | -19.9% |
| Stocks and contracts in progress | 3 | €100,744 | €80,907 | -€19,837 | -19.7% |
| Stocks | 30/36 | €100,744 | €80,907 | -€19,837 | -19.7% |
| Amounts receivable within one year | 40/41 | €54 | €0 | -€54 | -100% |
| Other amounts receivable | 41 | €54 | €0 | -€54 | -100% |
| Cash at bank and in hand | 54/58 | €19,350 | €15,374 | -€3,975 | -20.5% |
| Deferred charges and accrued income | 490/1 | €1,618 | €1,254 | -€364 | -22.5% |
| Total equity and liabilities | 10/49 | €236,715 | €201,392 | -€35,323 | -14.9% |
| Equity | 10/15 | €137,129 | €142,427 | +€5,298 | +3.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €75,129 | €80,427 | +€5,298 | +7.1% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €56,379 | €61,677 | +€5,298 | +9.4% |
| Amounts payable | 17/49 | €99,586 | €58,964 | -€40,621 | -40.8% |
| Amounts payable after more than one year | 17 | €13,454 | €0 | -€13,454 | -100% |
| Financial debts | 170/4 | €13,454 | €0 | -€13,454 | -100% |
| Amounts payable within one year | 42/48 | €84,129 | €56,899 | -€27,230 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €13,786 | €13,316 | -€470 | -3.4% |
| Trade debts | 44 | €62,356 | €32,890 | -€29,466 | -47.3% |
| Suppliers | 440/4 | €62,356 | €32,890 | -€29,466 | -47.3% |
| Taxes, remuneration and social security | 45 | €3,251 | €6,143 | +€2,893 | +89.0% |
| Taxes | 450/3 | €3,251 | €6,143 | +€2,893 | +89.0% |
| Other amounts payable | 47/48 | €4,736 | €4,549 | -€187 | -3.9% |
| Accrued charges and deferred income | 492/3 | €2,003 | €2,066 | +€63 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,932 | €11,168 | +€236 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,217 | -€1,353 | -€11,570 | |
| Other operating charges | 640/8 | €2,461 | €2,559 | +€98 | +4.0% |
| Gross operating margin | 9900 | €21,336 | €19,308 | -€2,028 | -9.5% |
| Operating profit (loss) | 9901 | -€2,275 | €6,934 | +€9,209 | |
| Financial income | 75/76B | €853 | €1,020 | +€167 | +19.6% |
| Recurring financial income | 75 | €853 | €1,020 | +€167 | +19.6% |
| Financial charges | 65/66B | €3,143 | €2,656 | -€488 | -15.5% |
| Recurring financial charges | 65 | €3,143 | €2,656 | -€488 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,565 | €5,298 | +€9,863 | |
| Profit (loss) for the period | 9904 | -€4,565 | €5,298 | +€9,863 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,565 | €5,298 | +€9,863 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.