ATELIER BAUDELET: 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 BAUDELET
Largest movements
- Receivables within one year +€9,365
up €9,365 (+67.0%), from €13,980 to €23,344
of which Other amounts receivable: +€6,356
- Cash +€5,839
up €5,839 (+23.9%), from €24,422 to €30,262
mainly Net result for the year (+€11,027) and Depreciation (+€8,624)
- Tangible fixed assets -€1,624
down €1,624 (-2.1%), from €78,748 to €77,124
of which Land and buildings: -€5,630
- Profit (loss) carried forward +€11,954
up €11,954 (+42.6%), from €28,092 to €40,047
- Debts after one year -€5,746
down €5,746 (-31.8%), from €18,070 to €12,324
- Tax, wage and social debts +€3,990
up €3,990 (+65.2%), from €6,122 to €10,111
- Trade debts +€3,973
up €3,973 (+152%), from €2,606 to €6,578
- Gross operating margin -€4,445
down €4,445 (-12.4%), from €35,931 to €31,486
- Taxes -€1,089
down €1,089 (-19.8%), from €5,508 to €4,418
- Depreciation -€546
down €546 (-6.0%), from €9,170 to €8,624
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 | €119,827 | €133,641 | +€13,814 | +11.5% |
| Fixed assets | 21/28 | €78,748 | €77,124 | -€1,624 | -2.1% |
| Tangible fixed assets | 22/27 | €78,748 | €77,124 | -€1,624 | -2.1% |
| Land and buildings | 22 | €69,888 | €64,258 | -€5,630 | -8.1% |
| Plant, machinery and equipment | 23 | €267 | €46 | -€221 | -82.6% |
| Other tangible fixed assets | 26 | €8,594 | €12,820 | +€4,226 | +49.2% |
| Current assets | 29/58 | €41,080 | €56,518 | +€15,438 | +37.6% |
| Stocks and contracts in progress | 3 | €750 | €750 | = | 0.0% |
| Stocks | 30/36 | €750 | €750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,980 | €23,344 | +€9,365 | +67.0% |
| Trade receivables | 40 | €1,674 | €4,682 | +€3,009 | +180% |
| Other amounts receivable | 41 | €12,306 | €18,662 | +€6,356 | +51.6% |
| Cash at bank and in hand | 54/58 | €24,422 | €30,262 | +€5,839 | +23.9% |
| Deferred charges and accrued income | 490/1 | €1,928 | €2,162 | +€234 | +12.1% |
| Total equity and liabilities | 10/49 | €119,827 | €133,641 | +€13,814 | +11.5% |
| Equity | 10/15 | €76,599 | €87,626 | +€11,027 | +14.4% |
| Contributions | 10/11 | €31,324 | €31,324 | = | 0.0% |
| Contributions outside capital | 11 | €31,324 | €31,324 | = | 0.0% |
| Other | 1109/19 | €31,324 | €31,324 | = | 0.0% |
| Reserves | 13 | €17,182 | €16,256 | -€927 | -5.4% |
| Tax-exempt reserves | 132 | €16,963 | €16,036 | -€927 | -5.5% |
| Distributable reserves | 133 | €219 | €219 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,092 | €40,047 | +€11,954 | +42.6% |
| Provisions and deferred taxes | 16 | €4,023 | €3,714 | -€309 | -7.7% |
| Deferred taxes | 168 | €4,023 | €3,714 | -€309 | -7.7% |
| Amounts payable | 17/49 | €39,206 | €42,301 | +€3,095 | +7.9% |
| Amounts payable after more than one year | 17 | €18,070 | €12,324 | -€5,746 | -31.8% |
| Financial debts | 170/4 | €18,070 | €12,324 | -€5,746 | -31.8% |
| Amounts payable within one year | 42/48 | €20,539 | €29,789 | +€9,249 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €5,640 | €5,746 | +€107 | +1.9% |
| Trade debts | 44 | €2,606 | €6,578 | +€3,973 | +152% |
| Suppliers | 440/4 | €2,606 | €6,578 | +€3,973 | +152% |
| Taxes, remuneration and social security | 45 | €6,122 | €10,111 | +€3,990 | +65.2% |
| Taxes | 450/3 | €6,122 | €10,111 | +€3,990 | +65.2% |
| Other amounts payable | 47/48 | €6,173 | €7,353 | +€1,180 | +19.1% |
| Accrued charges and deferred income | 492/3 | €596 | €189 | -€407 | -68.3% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,170 | €8,624 | -€546 | -6.0% |
| Other operating charges | 640/8 | €7,026 | €7,138 | +€112 | +1.6% |
| Gross operating margin | 9900 | €35,931 | €31,486 | -€4,445 | -12.4% |
| Operating profit (loss) | 9901 | €19,735 | €15,724 | -€4,011 | -20.3% |
| Financial income | 75/76B | €572 | €771 | +€199 | +34.8% |
| Recurring financial income | 75 | €572 | €771 | +€199 | +34.8% |
| Financial charges | 65/66B | €1,519 | €1,359 | -€160 | -10.5% |
| Recurring financial charges | 65 | €1,519 | €1,321 | -€198 | -13.0% |
| Non-recurring financial charges | 66B | - | €38 | +€38 | |
| Profit (loss) for the period before taxes | 9903 | €18,788 | €15,137 | -€3,652 | -19.4% |
| Transfer from deferred taxes | 780 | €354 | €309 | -€45 | -12.6% |
| Income taxes | 67/77 | €5,508 | €4,418 | -€1,089 | -19.8% |
| Profit (loss) for the period | 9904 | €13,634 | €11,027 | -€2,607 | -19.1% |
| Transfer from tax-exempt reserves | 789 | €1,061 | €927 | -€134 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,695 | €11,954 | -€2,741 | -18.7% |
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 21 October 2026 via checked.be.