ATELIER 51: 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 51
Largest movements
- Cash -€5,186
down €5,186 (-36.7%), from €14,120 to €8,935
mainly Trade debts (-€8,790) and Investment in fixed assets (net) (-€6,733)
- Tangible fixed assets +€3,301
up €3,301 (+53.7%), from €6,143 to €9,444
of which Plant, machinery and equipment: +€3,971
- Receivables within one year -€2,947
down €2,947 (-8.3%), from €35,649 to €32,703
of which Other amounts receivable: -€8,155
- Deferred charges and accrued income -€2,744
down €2,744 (-20.3%), from €13,545 to €10,800
- Stocks and contracts -€2,051
down €2,051 (-10.1%), from €20,226 to €18,175
- Trade debts -€8,790
down €8,790 (-52.8%), from €16,652 to €7,862
- Profit (loss) carried forward -€6,601
down €6,601 (-12.3%), from €53,689 to €47,088
- Current portion of long-term debt +€4,012
up €4,012, from €0 to €4,012
- Debts after one year +€1,719
new in 2025: €1,719
- Gross operating margin -€16,205
down €16,205 (-22.5%), from €71,987 to €55,783
- Taxes -€2,599
down €2,599 (-93.7%), from €2,775 to €176
- Financial charges +€1,450
up €1,450 (+106%), from €1,364 to €2,814
- Depreciation +€1,214
up €1,214 (+38.9%), from €3,118 to €4,332
- Write-downs -€971
down €971 (-100%), from €971 to €0
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 | €94,407 | €83,882 | -€10,526 | -11.1% |
| Fixed assets | 21/28 | €10,867 | €13,269 | +€2,401 | +22.1% |
| Intangible fixed assets | 21 | €1,751 | €851 | -€900 | -51.4% |
| Tangible fixed assets | 22/27 | €6,143 | €9,444 | +€3,301 | +53.7% |
| Land and buildings | 22 | €2,324 | €1,878 | -€447 | -19.2% |
| Plant, machinery and equipment | 23 | €3,596 | €7,567 | +€3,971 | +110% |
| Furniture and vehicles | 24 | €223 | €0 | -€223 | -100% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €2,973 | €2,973 | = | 0.0% |
| Current assets | 29/58 | €83,540 | €70,613 | -€12,927 | -15.5% |
| Stocks and contracts in progress | 3 | €20,226 | €18,175 | -€2,051 | -10.1% |
| Stocks | 30/36 | €20,226 | €18,175 | -€2,051 | -10.1% |
| Amounts receivable within one year | 40/41 | €35,649 | €32,703 | -€2,947 | -8.3% |
| Trade receivables | 40 | €20,034 | €25,243 | +€5,208 | +26.0% |
| Other amounts receivable | 41 | €15,615 | €7,460 | -€8,155 | -52.2% |
| Cash at bank and in hand | 54/58 | €14,120 | €8,935 | -€5,186 | -36.7% |
| Deferred charges and accrued income | 490/1 | €13,545 | €10,800 | -€2,744 | -20.3% |
| Total equity and liabilities | 10/49 | €94,407 | €83,882 | -€10,526 | -11.1% |
| Equity | 10/15 | €74,149 | €67,548 | -€6,601 | -8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,689 | €47,088 | -€6,601 | -12.3% |
| Amounts payable | 17/49 | €20,258 | €16,333 | -€3,925 | -19.4% |
| Amounts payable after more than one year | 17 | - | €1,719 | +€1,719 | |
| Financial debts | 170/4 | - | €1,719 | +€1,719 | |
| Amounts payable within one year | 42/48 | €20,258 | €14,614 | -€5,644 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €4,012 | +€4,012 | |
| Trade debts | 44 | €16,652 | €7,862 | -€8,790 | -52.8% |
| Suppliers | 440/4 | €16,652 | €7,862 | -€8,790 | -52.8% |
| Taxes, remuneration and social security | 45 | €3,606 | €2,740 | -€866 | -24.0% |
| Taxes | 450/3 | €1,506 | €175 | -€1,331 | -88.4% |
| Remuneration and social security | 454/9 | €2,100 | €2,565 | +€465 | +22.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €52,549 | €53,453 | +€903 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,118 | €4,332 | +€1,214 | +38.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €971 | €0 | -€971 | -100% |
| Other operating charges | 640/8 | €2,081 | €1,634 | -€447 | -21.5% |
| Gross operating margin | 9900 | €71,987 | €55,783 | -€16,205 | -22.5% |
| Operating profit (loss) | 9901 | €13,267 | -€3,636 | -€16,904 | |
| Financial income | 75/76B | €757 | €25 | -€732 | -96.7% |
| Recurring financial income | 75 | €757 | €25 | -€732 | -96.7% |
| Financial charges | 65/66B | €1,364 | €2,814 | +€1,450 | +106% |
| Recurring financial charges | 65 | €1,364 | €2,814 | +€1,450 | +106% |
| Profit (loss) for the period before taxes | 9903 | €12,661 | -€6,425 | -€19,086 | |
| Income taxes | 67/77 | €2,775 | €176 | -€2,599 | -93.7% |
| Profit (loss) for the period | 9904 | €9,886 | -€6,601 | -€16,487 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,886 | -€6,601 | -€16,487 |
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.