ATELIER 620: 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 620
Largest movements
- Tangible fixed assets +€907,954
up €907,954 (+4,202%), from €21,607 to €929,561
of which Land and buildings: +€615,639
- Receivables within one year +€68,644
up €68,644 (+61.5%), from €111,576 to €180,220
of which Trade receivables: +€73,216
- Cash +€39,948
up €39,948 (+282%), from €14,166 to €54,115
mainly Debts after one year (+€755,042) and Trade debts (+€147,261)
- Deferred charges and accrued income +€18,652
up €18,652 (+2,597%), from €718 to €19,371
- Stocks and contracts -€14,193
down €14,193 (-42.8%), from €33,157 to €18,964
of which Contracts in progress: -€10,000
- Debts after one year +€755,042
up €755,042 (+6,980%), from €10,817 to €765,859
- Trade debts +€147,261
up €147,261 (+216%), from €68,260 to €215,521
- Current portion of long-term debt +€50,640
up €50,640 (+576%), from €8,790 to €59,430
- Short-term financial debts +€50,000
new in 2025: €50,000
- Reserves +€35,346
up €35,346 (+53.7%), from €65,777 to €101,123
- Gross operating margin +€157,621
up €157,621 (+46.5%), from €338,843 to €496,464
- Staff costs +€120,963
up €120,963 (+45.6%), from €265,125 to €386,088
- Financial charges +€16,374
up €16,374 (+430%), from €3,805 to €20,179
- Depreciation +€9,665
up €9,665 (+106%), from €9,083 to €18,749
- Other operating charges +€6,693
up €6,693 (+249%), from €2,690 to €9,383
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 | €183,475 | €1,202,230 | +€1.0m | +555% |
| Fixed assets | 21/28 | €21,607 | €929,561 | +€907,954 | +4,202% |
| Tangible fixed assets | 22/27 | €21,607 | €929,561 | +€907,954 | +4,202% |
| Land and buildings | 22 | €397 | €616,036 | +€615,639 | +155,190% |
| Plant, machinery and equipment | 23 | €3,474 | €3,922 | +€448 | +12.9% |
| Furniture and vehicles | 24 | €17,737 | €3,845 | -€13,891 | -78.3% |
| Other tangible fixed assets | 26 | - | €305,757 | +€305,757 | |
| Current assets | 29/58 | €161,867 | €272,669 | +€110,802 | +68.5% |
| Stocks and contracts in progress | 3 | €33,157 | €18,964 | -€14,193 | -42.8% |
| Stocks | 30/36 | €23,157 | €18,964 | -€4,193 | -18.1% |
| Contracts in progress | 37 | €10,000 | €0 | -€10,000 | -100% |
| Amounts receivable within one year | 40/41 | €111,576 | €180,220 | +€68,644 | +61.5% |
| Trade receivables | 40 | €79,221 | €152,437 | +€73,216 | +92.4% |
| Other amounts receivable | 41 | €32,355 | €27,782 | -€4,572 | -14.1% |
| Current investments | 50/53 | €2,250 | €0 | -€2,250 | -100% |
| Cash at bank and in hand | 54/58 | €14,166 | €54,115 | +€39,948 | +282% |
| Deferred charges and accrued income | 490/1 | €718 | €19,371 | +€18,652 | +2,597% |
| Total equity and liabilities | 10/49 | €183,475 | €1,202,230 | +€1.0m | +555% |
| Equity | 10/15 | €65,877 | €101,223 | +€35,346 | +53.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €65,777 | €101,123 | +€35,346 | +53.7% |
| Distributable reserves | 133 | €65,777 | €101,123 | +€35,346 | +53.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €117,598 | €1,101,007 | +€983,409 | +836% |
| Amounts payable after more than one year | 17 | €10,817 | €765,859 | +€755,042 | +6,980% |
| Financial debts | 170/4 | €10,817 | €765,859 | +€755,042 | +6,980% |
| Amounts payable within one year | 42/48 | €106,781 | €335,148 | +€228,367 | +214% |
| Current portion of amounts payable after more than one year | 42 | €8,790 | €59,430 | +€50,640 | +576% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Other loans | 439 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €68,260 | €215,521 | +€147,261 | +216% |
| Suppliers | 440/4 | €68,260 | €215,521 | +€147,261 | +216% |
| Advances received on contracts in progress | 46 | - | €4,000 | +€4,000 | |
| Taxes, remuneration and social security | 45 | €28,732 | €6,198 | -€22,534 | -78.4% |
| Taxes | 450/3 | €21,610 | €2,031 | -€19,579 | -90.6% |
| Remuneration and social security | 454/9 | €7,122 | €4,167 | -€2,955 | -41.5% |
| Other amounts payable | 47/48 | €1,000 | €0 | -€1,000 | -100% |
| Non-recurring operating income | 76A | €702 | €0 | -€702 | -100% |
| Remuneration, social security and pensions | 62 | €265,125 | €386,088 | +€120,963 | +45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,083 | €18,749 | +€9,665 | +106% |
| Other operating charges | 640/8 | €2,690 | €9,383 | +€6,693 | +249% |
| Non-recurring operating charges | 66A | €6,320 | €7,509 | +€1,188 | +18.8% |
| Gross operating margin | 9900 | €338,843 | €496,464 | +€157,621 | +46.5% |
| Operating profit (loss) | 9901 | €55,624 | €74,736 | +€19,112 | +34.4% |
| Financial income | 75/76B | €2,550 | €1,513 | -€1,037 | -40.7% |
| Recurring financial income | 75 | €2,550 | €1,513 | -€1,037 | -40.7% |
| Financial charges | 65/66B | €3,805 | €20,179 | +€16,374 | +430% |
| Recurring financial charges | 65 | €3,805 | €20,179 | +€16,374 | +430% |
| Profit (loss) for the period before taxes | 9903 | €54,369 | €56,070 | +€1,701 | +3.1% |
| Income taxes | 67/77 | €18,723 | €20,724 | +€2,001 | +10.7% |
| Profit (loss) for the period | 9904 | €35,647 | €35,346 | -€300 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,647 | €35,346 | -€300 | -0.8% |
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 23 October 2026 via checked.be.