Atelier Aelterman: 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 Aelterman
Largest movements
- Cash -€25,928
down €25,928 (-40.3%), from €64,365 to €38,438
mainly Contributions, distributions and other (-€69,335) and Debts after one year (-€8,218)
- Tangible fixed assets -€14,460
down €14,460 (-37.3%), from €38,725 to €24,266
of which Furniture and vehicles: -€13,354
- Receivables within one year -€3,620
down €3,620 (-18.2%), from €19,866 to €16,246
of which Other amounts receivable: -€3,840
- Profit (loss) carried forward -€63,400
down €63,400 (-99.6%), from €63,685 to €284
- Other debts +€31,125
up €31,125 (+640%), from €4,860 to €35,985
- Reserves -€17,000
down €17,000 (-97.5%), from €17,427 to €427
of which Distributable reserves: -€17,000
- Contributions +€12,350
up €12,350 (+199%), from €6,200 to €18,550
- Debts after one year -€8,218
down €8,218 (-62.8%), from €13,086 to €4,867
- Gross operating margin -€3,361
down €3,361 (-15.1%), from €22,326 to €18,965
- Taxes -€490
down €490 (-27.6%), from €1,774 to €1,284
- Other operating charges -€458
down €458 (-32.6%), from €1,404 to €946
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 | €125,735 | €81,072 | -€44,664 | -35.5% |
| Fixed assets | 21/28 | €40,050 | €25,120 | -€14,930 | -37.3% |
| Intangible fixed assets | 21 | €942 | €471 | -€471 | -50.0% |
| Tangible fixed assets | 22/27 | €38,725 | €24,266 | -€14,460 | -37.3% |
| Land and buildings | 22 | €1,018 | €509 | -€509 | -50.0% |
| Plant, machinery and equipment | 23 | €20 | €0 | -€20 | -100% |
| Furniture and vehicles | 24 | €34,025 | €20,671 | -€13,354 | -39.2% |
| Other tangible fixed assets | 26 | €3,662 | €3,085 | -€577 | -15.8% |
| Financial fixed assets | 28 | €383 | €383 | = | 0.0% |
| Current assets | 29/58 | €85,685 | €55,952 | -€29,733 | -34.7% |
| Amounts receivable within one year | 40/41 | €19,866 | €16,246 | -€3,620 | -18.2% |
| Trade receivables | 40 | €13,310 | €13,530 | +€220 | +1.7% |
| Other amounts receivable | 41 | €6,556 | €2,716 | -€3,840 | -58.6% |
| Cash at bank and in hand | 54/58 | €64,365 | €38,438 | -€25,928 | -40.3% |
| Deferred charges and accrued income | 490/1 | €1,454 | €1,268 | -€186 | -12.8% |
| Total equity and liabilities | 10/49 | €125,735 | €81,072 | -€44,664 | -35.5% |
| Equity | 10/15 | €87,312 | €19,261 | -€68,050 | -77.9% |
| Contributions | 10/11 | €6,200 | €18,550 | +€12,350 | +199% |
| Reserves | 13 | €17,427 | €427 | -€17,000 | -97.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €17,427 | €427 | -€17,000 | -97.5% |
| Profit (loss) carried forward | 14 | €63,685 | €284 | -€63,400 | -99.6% |
| Amounts payable | 17/49 | €38,423 | €61,810 | +€23,387 | +60.9% |
| Amounts payable after more than one year | 17 | €13,086 | €4,867 | -€8,218 | -62.8% |
| Financial debts | 170/4 | €13,086 | €4,867 | -€8,218 | -62.8% |
| Amounts payable within one year | 42/48 | €25,338 | €56,943 | +€31,605 | +125% |
| Current portion of amounts payable after more than one year | 42 | €8,061 | €8,218 | +€157 | +1.9% |
| Financial debts | 43 | €270 | €338 | +€68 | +25.2% |
| Credit institutions | 430/8 | €270 | €338 | +€68 | +25.2% |
| Trade debts | 44 | €1,489 | €0 | -€1,489 | -100% |
| Suppliers | 440/4 | €1,489 | €0 | -€1,489 | -100% |
| Taxes, remuneration and social security | 45 | €10,657 | €12,401 | +€1,744 | +16.4% |
| Taxes | 450/3 | €10,657 | €12,401 | +€1,744 | +16.4% |
| Other amounts payable | 47/48 | €4,860 | €35,985 | +€31,125 | +640% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,096 | €14,930 | -€165 | -1.1% |
| Other operating charges | 640/8 | €1,404 | €946 | -€458 | -32.6% |
| Gross operating margin | 9900 | €22,326 | €18,965 | -€3,361 | -15.1% |
| Operating profit (loss) | 9901 | €5,826 | €3,089 | -€2,737 | -47.0% |
| Financial income | 75/76B | €17 | €2 | -€15 | -86.7% |
| Recurring financial income | 75 | €17 | €2 | -€15 | -86.7% |
| Financial charges | 65/66B | €515 | €523 | +€8 | +1.6% |
| Recurring financial charges | 65 | €515 | €523 | +€8 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €5,329 | €2,569 | -€2,760 | -51.8% |
| Income taxes | 67/77 | €1,774 | €1,284 | -€490 | -27.6% |
| Profit (loss) for the period | 9904 | €3,555 | €1,284 | -€2,270 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,555 | €1,284 | -€2,270 | -63.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.