Atelier Acanthus: what changed
What changed
Atelier Acanthus
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€34,695
2024 · €30,805+€3,889
Equity
€52,695
2024 · €136,687-€83,992
Cash
€43,970
2024 · €25,170+€18,800
Balance sheet total
€407,953
2024 · €406,274+€1,679
Largest movements
Assets
- Tangible fixed assets -€30,928
down €30,928 (-8.7%), from €355,026 to €324,098
- Cash +€18,800
up €18,800 (+74.7%), from €25,170 to €43,970
mainly Other debts (+€100,894) and Net result for the year (+€34,695)
- Receivables within one year +€14,807
up €14,807 (+73.7%), from €20,078 to €34,884
of which Trade receivables: +€10,493
Equity and liabilities
- Other debts +€100,894
up €100,894 (+813%), from €12,406 to €113,300
- Reserves -€87,272
no longer reported in 2025 (was €87,272)
- Debts after one year -€27,786
down €27,786 (-13.0%), from €213,266 to €185,480
- Tax, wage and social debts +€14,207
up €14,207 (+662%), from €2,148 to €16,355
of which Remuneration and social security: +€11,381
Income statement
- Gross operating margin +€19,578
up €19,578 (+24.1%), from €81,094 to €100,672
- Staff costs +€13,481
new in 2025: €13,481
- Taxes +€1,725
up €1,725 (+21.5%), from €8,039 to €9,764
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€30,805
Gross operating margin
+€19,578
Staff costs
-€13,481
Depreciation
-€870
Other operating charges
+€52
Financial income
-€529
Financial charges
+€865
Taxes
-€1,725
Result 2025
€34,695
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€166,989
Investment
-€2,601
Financing
-€145,588
Cash 2024
€25,170
From operations (derived)
+€166,989
Net result for the year
+€34,695
Depreciation
+€34,529
Receivables within one year
-€14,807
Trade debts
-€2,529
Tax, wage and social debts
+€14,207
Other debts
+€100,894
Investment (derived)
-€2,601
Investment in fixed assets (net)
-€2,601
Financing
-€145,588
Debts after one year
-€27,786
Current portion of long-term debt
+€885
Contributions, distributions and other
-€118,687
Cash 2025
€43,970
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,274 | €407,953 | +€1,679 | +0.4% |
| Fixed assets | 21/28 | €361,026 | €329,098 | -€31,928 | -8.8% |
| Intangible fixed assets | 21 | €6,000 | €5,000 | -€1,000 | -16.7% |
| Tangible fixed assets | 22/27 | €355,026 | €324,098 | -€30,928 | -8.7% |
| Land and buildings | 22 | €289,546 | €277,465 | -€12,081 | -4.2% |
| Plant, machinery and equipment | 23 | €11,867 | €9,466 | -€2,401 | -20.2% |
| Furniture and vehicles | 24 | €4,459 | €582 | -€3,876 | -86.9% |
| Leasing and similar rights | 25 | €49,154 | €36,586 | -€12,569 | -25.6% |
| Current assets | 29/58 | €45,248 | €78,855 | +€33,607 | +74.3% |
| Amounts receivable within one year | 40/41 | €20,078 | €34,884 | +€14,807 | +73.7% |
| Trade receivables | 40 | €10,956 | €21,449 | +€10,493 | +95.8% |
| Other amounts receivable | 41 | €9,122 | €13,436 | +€4,314 | +47.3% |
| Cash at bank and in hand | 54/58 | €25,170 | €43,970 | +€18,800 | +74.7% |
| Total equity and liabilities | 10/49 | €406,274 | €407,953 | +€1,679 | +0.4% |
| Equity | 10/15 | €136,687 | €52,695 | -€83,992 | -61.4% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €87,272 | - | -€87,272 | |
| Distributable reserves | 133 | €87,272 | - | -€87,272 | |
| Profit (loss) carried forward | 14 | €31,414 | €34,695 | +€3,280 | +10.4% |
| Amounts payable | 17/49 | €269,587 | €355,258 | +€85,671 | +31.8% |
| Amounts payable after more than one year | 17 | €213,266 | €185,480 | -€27,786 | -13.0% |
| Financial debts | 170/4 | €213,266 | €185,480 | -€27,786 | -13.0% |
| Amounts payable within one year | 42/48 | €56,322 | €169,779 | +€113,457 | +201% |
| Current portion of amounts payable after more than one year | 42 | €26,413 | €27,298 | +€885 | +3.4% |
| Trade debts | 44 | €15,354 | €12,826 | -€2,529 | -16.5% |
| Suppliers | 440/4 | €15,354 | €12,826 | -€2,529 | -16.5% |
| Taxes, remuneration and social security | 45 | €2,148 | €16,355 | +€14,207 | +662% |
| Taxes | 450/3 | €2,148 | €4,974 | +€2,827 | +132% |
| Remuneration and social security | 454/9 | - | €11,381 | +€11,381 | |
| Other amounts payable | 47/48 | €12,406 | €113,300 | +€100,894 | +813% |
| Remuneration, social security and pensions | 62 | - | €13,481 | +€13,481 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,659 | €34,529 | +€870 | +2.6% |
| Other operating charges | 640/8 | €2,157 | €2,105 | -€52 | -2.4% |
| Gross operating margin | 9900 | €81,094 | €100,672 | +€19,578 | +24.1% |
| Operating profit (loss) | 9901 | €45,278 | €50,557 | +€5,279 | +11.7% |
| Financial income | 75/76B | €529 | €0 | -€529 | -100.0% |
| Recurring financial income | 75 | €529 | €0 | -€529 | -100.0% |
| Financial charges | 65/66B | €6,963 | €6,099 | -€865 | -12.4% |
| Recurring financial charges | 65 | €6,963 | €6,099 | -€865 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €38,844 | €44,459 | +€5,614 | +14.5% |
| Income taxes | 67/77 | €8,039 | €9,764 | +€1,725 | +21.5% |
| Profit (loss) for the period | 9904 | €30,805 | €34,695 | +€3,889 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,805 | €34,695 | +€3,889 | +12.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.