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
- Cash +€23,115
up €23,115 (+91.2%), from €25,337 to €48,453
mainly Net result for the year (+€22,732) and Other debts (+€9,463)
- Receivables within one year +€7,330
up €7,330 (+61.3%), from €11,962 to €19,292
of which Trade receivables: +€11,231
- Tangible fixed assets -€5,293
down €5,293 (-36.9%), from €14,345 to €9,052
of which Furniture and vehicles: -€4,659
- Deferred charges and accrued income -€4,765
down €4,765 (-91.3%), from €5,218 to €453
- Reserves +€22,732
up €22,732 (+144%), from €15,840 to €38,572
- Contributions -€14,000
down €14,000 (-93.3%), from €15,000 to €1,000
- Other debts +€9,463
new in 2025: €9,463
- Tax, wage and social debts +€5,664
up €5,664 (+54.7%), from €10,363 to €16,028
- Short-term financial debts -€3,409
no longer reported in 2025 (was €3,409)
- Gross operating margin +€35,265
up €35,265 (+1,342%), from €2,629 to €37,894
- Financial income -€6,276
down €6,276 (-100.0%), from €6,278 to €2
- Taxes +€5,895
up €5,895 (+311%), from €1,898 to €7,792
- Financial charges -€681
down €681 (-42.2%), from €1,615 to €933
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 | €56,862 | €77,250 | +€20,388 | +35.9% |
| Fixed assets | 21/28 | €14,345 | €9,052 | -€5,293 | -36.9% |
| Tangible fixed assets | 22/27 | €14,345 | €9,052 | -€5,293 | -36.9% |
| Plant, machinery and equipment | 23 | €720 | €86 | -€634 | -88.1% |
| Furniture and vehicles | 24 | €13,625 | €8,966 | -€4,659 | -34.2% |
| Current assets | 29/58 | €42,517 | €68,198 | +€25,681 | +60.4% |
| Amounts receivable within one year | 40/41 | €11,962 | €19,292 | +€7,330 | +61.3% |
| Trade receivables | 40 | €8,053 | €19,284 | +€11,231 | +139% |
| Other amounts receivable | 41 | €3,910 | €8 | -€3,901 | -99.8% |
| Cash at bank and in hand | 54/58 | €25,337 | €48,453 | +€23,115 | +91.2% |
| Deferred charges and accrued income | 490/1 | €5,218 | €453 | -€4,765 | -91.3% |
| Total equity and liabilities | 10/49 | €56,862 | €77,250 | +€20,388 | +35.9% |
| Equity | 10/15 | €30,840 | €39,572 | +€8,732 | +28.3% |
| Contributions | 10/11 | €15,000 | €1,000 | -€14,000 | -93.3% |
| Reserves | 13 | €15,840 | €38,572 | +€22,732 | +144% |
| Distributable reserves | 133 | €15,840 | €38,572 | +€22,732 | +144% |
| Amounts payable | 17/49 | €26,022 | €37,678 | +€11,655 | +44.8% |
| Amounts payable after more than one year | 17 | €8,091 | €4,726 | -€3,365 | -41.6% |
| Financial debts | 170/4 | €8,091 | €4,726 | -€3,365 | -41.6% |
| Amounts payable within one year | 42/48 | €17,932 | €31,779 | +€13,847 | +77.2% |
| Current portion of amounts payable after more than one year | 42 | €3,218 | €3,365 | +€147 | +4.6% |
| Financial debts | 43 | €3,409 | - | -€3,409 | |
| Other loans | 439 | €3,409 | - | -€3,409 | |
| Trade debts | 44 | €941 | €2,923 | +€1,983 | +211% |
| Suppliers | 440/4 | €941 | €2,923 | +€1,983 | +211% |
| Taxes, remuneration and social security | 45 | €10,363 | €16,028 | +€5,664 | +54.7% |
| Taxes | 450/3 | €10,363 | €16,028 | +€5,664 | +54.7% |
| Other amounts payable | 47/48 | - | €9,463 | +€9,463 | |
| Accrued charges and deferred income | 492/3 | - | €1,173 | +€1,173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,298 | €5,293 | -€5 | -0.1% |
| Other operating charges | 640/8 | €881 | €1,145 | +€263 | +29.9% |
| Gross operating margin | 9900 | €2,629 | €37,894 | +€35,265 | +1,342% |
| Operating profit (loss) | 9901 | -€3,551 | €31,456 | +€35,007 | |
| Financial income | 75/76B | €6,278 | €2 | -€6,276 | -100.0% |
| Recurring financial income | 75 | €6,278 | €2 | -€6,276 | -100.0% |
| Financial charges | 65/66B | €1,615 | €933 | -€681 | -42.2% |
| Recurring financial charges | 65 | €1,615 | €933 | -€681 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €1,113 | €30,525 | +€29,412 | +2,643% |
| Income taxes | 67/77 | €1,898 | €7,792 | +€5,895 | +311% |
| Profit (loss) for the period | 9904 | -€785 | €22,732 | +€23,517 | |
| Profit (loss) for the period to be appropriated | 9905 | -€785 | €22,732 | +€23,517 |
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 17 October 2026 via checked.be.