ATELIER BIERMANN: 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 BIERMANN
Largest movements
- Current investments +€19,897
up €19,897 (+24.8%), from €80,103 to €100,000
- Cash +€15,479
up €15,479 (+140%), from €11,030 to €26,510
mainly Net result for the year (+€47,880) and Other debts (+€42,350)
- Tangible fixed assets -€12,337
down €12,337 (-7.6%), from €163,191 to €150,854
of which Land and buildings: -€13,288
- Other debts +€42,350
up €42,350 (+476%), from €8,901 to €51,251
- Debts after one year -€14,577
down €14,577 (-9.1%), from €159,781 to €145,204
- Accrued charges and deferred income -€8,000
down €8,000 (-28.6%), from €28,000 to €20,000
- Tax, wage and social debts +€7,824
up €7,824 (+49.1%), from €15,935 to €23,759
of which Taxes: +€11,887
- Reserves -€3,360
down €3,360 (-30.4%), from €11,035 to €7,676
- Staff costs -€33,197
down €33,197 (-39.9%), from €83,205 to €50,008
- Gross operating margin +€21,966
up €21,966 (+18.6%), from €118,242 to €140,209
- Taxes +€15,097
up €15,097 (+469%), from €3,216 to €18,313
- Depreciation -€2,126
down €2,126 (-10.9%), from €19,543 to €17,417
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 | €293,766 | €318,599 | +€24,833 | +8.5% |
| Fixed assets | 21/28 | €163,191 | €150,854 | -€12,337 | -7.6% |
| Tangible fixed assets | 22/27 | €163,191 | €150,854 | -€12,337 | -7.6% |
| Land and buildings | 22 | €150,578 | €137,290 | -€13,288 | -8.8% |
| Plant, machinery and equipment | 23 | €10,463 | €12,088 | +€1,625 | +15.5% |
| Furniture and vehicles | 24 | €2,150 | €1,476 | -€674 | -31.3% |
| Current assets | 29/58 | €130,575 | €167,745 | +€37,170 | +28.5% |
| Stocks and contracts in progress | 3 | €10,208 | €10,881 | +€674 | +6.6% |
| Stocks | 30/36 | €10,208 | €10,881 | +€674 | +6.6% |
| Amounts receivable within one year | 40/41 | €28,380 | €29,065 | +€686 | +2.4% |
| Trade receivables | 40 | €24,688 | €27,823 | +€3,135 | +12.7% |
| Other amounts receivable | 41 | €3,692 | €1,242 | -€2,450 | -66.4% |
| Current investments | 50/53 | €80,103 | €100,000 | +€19,897 | +24.8% |
| Cash at bank and in hand | 54/58 | €11,030 | €26,510 | +€15,479 | +140% |
| Deferred charges and accrued income | 490/1 | €854 | €1,288 | +€434 | +50.8% |
| Total equity and liabilities | 10/49 | €293,766 | €318,599 | +€24,833 | +8.5% |
| Equity | 10/15 | €48,922 | €43,865 | -€5,056 | -10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,035 | €7,676 | -€3,360 | -30.4% |
| Distributable reserves | 133 | €11,035 | €7,676 | -€3,360 | -30.4% |
| Investment grants | 15 | €19,286 | €17,590 | -€1,697 | -8.8% |
| Amounts payable | 17/49 | €244,845 | €274,734 | +€29,889 | +12.2% |
| Amounts payable after more than one year | 17 | €159,781 | €145,204 | -€14,577 | -9.1% |
| Financial debts | 170/4 | €159,781 | €145,204 | -€14,577 | -9.1% |
| Amounts payable within one year | 42/48 | €57,064 | €109,530 | +€52,466 | +91.9% |
| Current portion of amounts payable after more than one year | 42 | €14,187 | €14,577 | +€390 | +2.8% |
| Trade debts | 44 | €3,646 | €5,587 | +€1,940 | +53.2% |
| Suppliers | 440/4 | €3,646 | €5,587 | +€1,940 | +53.2% |
| Advances received on contracts in progress | 46 | €14,394 | €14,356 | -€38 | -0.3% |
| Taxes, remuneration and social security | 45 | €15,935 | €23,759 | +€7,824 | +49.1% |
| Taxes | 450/3 | €6,846 | €18,734 | +€11,887 | +174% |
| Remuneration and social security | 454/9 | €9,089 | €5,026 | -€4,063 | -44.7% |
| Other amounts payable | 47/48 | €8,901 | €51,251 | +€42,350 | +476% |
| Accrued charges and deferred income | 492/3 | €28,000 | €20,000 | -€8,000 | -28.6% |
| Remuneration, social security and pensions | 62 | €83,205 | €50,008 | -€33,197 | -39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,543 | €17,417 | -€2,126 | -10.9% |
| Other operating charges | 640/8 | €2,291 | €2,306 | +€15 | +0.7% |
| Gross operating margin | 9900 | €118,242 | €140,209 | +€21,966 | +18.6% |
| Operating profit (loss) | 9901 | €13,204 | €70,477 | +€57,274 | +434% |
| Financial income | 75/76B | €1,447 | €382 | -€1,065 | -73.6% |
| Recurring financial income | 75 | €1,447 | €382 | -€1,065 | -73.6% |
| Financial charges | 65/66B | €5,114 | €4,666 | -€447 | -8.8% |
| Recurring financial charges | 65 | €5,114 | €4,666 | -€447 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €9,537 | €66,193 | +€56,657 | +594% |
| Income taxes | 67/77 | €3,216 | €18,313 | +€15,097 | +469% |
| Profit (loss) for the period | 9904 | €6,321 | €47,880 | +€41,560 | +657% |
| Profit (loss) for the period to be appropriated | 9905 | €6,321 | €47,880 | +€41,560 | +657% |
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 15 October 2026 via checked.be.