Atelier Arena: 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 Arena
Largest movements
- Tangible fixed assets -€47,347
down €47,347 (-68.9%), from €68,682 to €21,336
of which Land and buildings: -€28,955
- Receivables within one year +€32,430
up €32,430 (+1,887%), from €1,719 to €34,149
of which Trade receivables: +€31,994
- Stocks and contracts -€11,160
down €11,160 (-27.0%), from €41,265 to €30,105
- Deferred charges and accrued income -€5,815
down €5,815 (-81.0%), from €7,178 to €1,363
- Cash +€5,330
up €5,330 (+191%), from €2,785 to €8,115
mainly Investment in fixed assets (net) (+€26,068) and Depreciation (+€21,320)
- Reserves -€19,170
no longer reported in 2025 (was €19,170)
- Other debts +€10,721
up €10,721 (+34.2%), from €31,359 to €42,080
- Debts after one year -€10,333
down €10,333 (-26.8%), from €38,533 to €28,200
of which Financial debts: -€10,333
- Trade debts -€5,262
down €5,262 (-76.1%), from €6,913 to €1,651
- Profit (loss) carried forward -€2,822
down €2,822 (-7.8%), from -€36,387 to -€39,208
- Gross operating margin +€12,175
up €12,175, from -€10,153 to €2,022
- Depreciation -€2,953
down €2,953 (-12.2%), from €24,274 to €21,320
- Financial charges -€237
down €237 (-34.1%), from €696 to €459
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 | €121,671 | €95,069 | -€26,602 | -21.9% |
| Fixed assets | 21/28 | €68,724 | €21,336 | -€47,388 | -69.0% |
| Tangible fixed assets | 22/27 | €68,682 | €21,336 | -€47,347 | -68.9% |
| Land and buildings | 22 | €28,955 | - | -€28,955 | |
| Plant, machinery and equipment | 23 | €30,586 | €14,568 | -€16,017 | -52.4% |
| Furniture and vehicles | 24 | €9,142 | €6,768 | -€2,375 | -26.0% |
| Financial fixed assets | 28 | €41 | - | -€41 | |
| Current assets | 29/58 | €52,947 | €73,733 | +€20,786 | +39.3% |
| Stocks and contracts in progress | 3 | €41,265 | €30,105 | -€11,160 | -27.0% |
| Stocks | 30/36 | €41,265 | €30,105 | -€11,160 | -27.0% |
| Amounts receivable within one year | 40/41 | €1,719 | €34,149 | +€32,430 | +1,887% |
| Trade receivables | 40 | €1,555 | €33,549 | +€31,994 | +2,057% |
| Other amounts receivable | 41 | €164 | €600 | +€436 | +267% |
| Cash at bank and in hand | 54/58 | €2,785 | €8,115 | +€5,330 | +191% |
| Deferred charges and accrued income | 490/1 | €7,178 | €1,363 | -€5,815 | -81.0% |
| Total equity and liabilities | 10/49 | €121,671 | €95,069 | -€26,602 | -21.9% |
| Equity | 10/15 | €32,783 | €10,792 | -€21,992 | -67.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €19,170 | - | -€19,170 | |
| Distributable reserves | 133 | €19,170 | - | -€19,170 | |
| Profit (loss) carried forward | 14 | -€36,387 | -€39,208 | -€2,822 | -7.8% |
| Amounts payable | 17/49 | €88,887 | €84,277 | -€4,610 | -5.2% |
| Amounts payable after more than one year | 17 | €38,533 | €28,200 | -€10,333 | -26.8% |
| Financial debts | 170/4 | €10,333 | - | -€10,333 | |
| Other amounts payable | 178/9 | €28,200 | €28,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,355 | €56,077 | +€5,722 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €10,164 | €10,333 | +€169 | +1.7% |
| Trade debts | 44 | €6,913 | €1,651 | -€5,262 | -76.1% |
| Suppliers | 440/4 | €6,913 | €1,651 | -€5,262 | -76.1% |
| Advances received on contracts in progress | 46 | €1,315 | - | -€1,315 | |
| Taxes, remuneration and social security | 45 | €604 | €2,013 | +€1,409 | +233% |
| Taxes | 450/3 | €604 | €2,013 | +€1,409 | +233% |
| Other amounts payable | 47/48 | €31,359 | €42,080 | +€10,721 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,274 | €21,320 | -€2,953 | -12.2% |
| Other operating charges | 640/8 | €1,135 | €1,168 | +€33 | +2.9% |
| Non-recurring operating charges | 66A | - | €942 | +€942 | |
| Gross operating margin | 9900 | -€10,153 | €2,022 | +€12,175 | |
| Operating profit (loss) | 9901 | -€35,562 | -€21,408 | +€14,153 | +39.8% |
| Financial income | 75/76B | €11 | €16 | +€6 | +53.9% |
| Recurring financial income | 75 | €11 | €16 | +€6 | +53.9% |
| Financial charges | 65/66B | €696 | €459 | -€237 | -34.1% |
| Recurring financial charges | 65 | €696 | €459 | -€237 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | -€36,247 | -€21,851 | +€14,396 | +39.7% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +0.9% |
| Profit (loss) for the period | 9904 | -€36,387 | -€21,992 | +€14,395 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,387 | -€21,992 | +€14,395 | +39.6% |
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.