Atelier Circuler: 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 Circuler
Largest movements
- Receivables within one year +€38,995
up €38,995 (+483%), from €8,078 to €47,073
of which Other amounts receivable: +€26,807
- Cash +€34,344
up €34,344 (+32.7%), from €104,981 to €139,325
mainly Net result for the year (+€34,503) and Deferred charges and accrued income (+€24,144)
- Deferred charges and accrued income -€24,144
down €24,144 (-82.5%), from €29,258 to €5,114
- Tangible fixed assets -€13,053
down €13,053 (-20.5%), from €63,609 to €50,556
of which Plant, machinery and equipment: -€8,119
- Profit (loss) carried forward +€34,503
up €34,503 (+21.3%), from €162,265 to €196,768
- Trade debts -€4,143
down €4,143 (-21.2%), from €19,556 to €15,412
- Tax, wage and social debts +€3,525
up €3,525 (+11.4%), from €30,928 to €34,453
of which Taxes: +€5,732
- Turnover +€139,432
up €139,432 (+29.9%), from €466,773 to €606,205
- Purchases and services +€100,353
up €100,353 (+26.6%), from €377,272 to €477,625
- Gross operating margin +€63,621
up €63,621 (+27.3%), from €233,153 to €296,774
- Staff costs +€49,983
up €49,983 (+26.0%), from €192,110 to €242,093
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 | €214,121 | €250,098 | +€35,976 | +16.8% |
| Fixed assets | 21/28 | €71,805 | €58,586 | -€13,218 | -18.4% |
| Intangible fixed assets | 21 | €496 | €331 | -€165 | -33.3% |
| Tangible fixed assets | 22/27 | €63,609 | €50,556 | -€13,053 | -20.5% |
| Plant, machinery and equipment | 23 | €38,432 | €30,314 | -€8,119 | -21.1% |
| Furniture and vehicles | 24 | €7,801 | €5,201 | -€2,600 | -33.3% |
| Other tangible fixed assets | 26 | €17,375 | €15,041 | -€2,334 | -13.4% |
| Financial fixed assets | 28 | €7,700 | €7,700 | = | 0.0% |
| Current assets | 29/58 | €142,317 | €191,512 | +€49,195 | +34.6% |
| Amounts receivable within one year | 40/41 | €8,078 | €47,073 | +€38,995 | +483% |
| Trade receivables | 40 | €8,028 | €20,215 | +€12,188 | +152% |
| Other amounts receivable | 41 | €50 | €26,857 | +€26,807 | +53,615% |
| Cash at bank and in hand | 54/58 | €104,981 | €139,325 | +€34,344 | +32.7% |
| Deferred charges and accrued income | 490/1 | €29,258 | €5,114 | -€24,144 | -82.5% |
| Total equity and liabilities | 10/49 | €214,121 | €250,098 | +€35,976 | +16.8% |
| Equity | 10/15 | €162,265 | €198,768 | +€36,503 | +22.5% |
| Profit (loss) carried forward | 14 | €162,265 | €196,768 | +€34,503 | +21.3% |
| Investment grants | 15 | - | €2,000 | +€2,000 | |
| Amounts payable | 17/49 | €51,857 | €51,330 | -€527 | -1.0% |
| Amounts payable within one year | 42/48 | €50,484 | €49,866 | -€618 | -1.2% |
| Trade debts | 44 | €19,556 | €15,412 | -€4,143 | -21.2% |
| Suppliers | 440/4 | €19,556 | €15,412 | -€4,143 | -21.2% |
| Taxes, remuneration and social security | 45 | €30,928 | €34,453 | +€3,525 | +11.4% |
| Taxes | 450/3 | €8,063 | €13,795 | +€5,732 | +71.1% |
| Remuneration and social security | 454/9 | €22,865 | €20,659 | -€2,206 | -9.6% |
| Accrued charges and deferred income | 492/3 | €1,373 | €1,464 | +€91 | +6.7% |
| Turnover | 70 | €466,773 | €606,205 | +€139,432 | +29.9% |
| Membership fees, donations, legacies and grants | 73 | €99,805 | €118,143 | +€18,339 | +18.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €377,272 | €477,625 | +€100,353 | +26.6% |
| Remuneration, social security and pensions | 62 | €192,110 | €242,093 | +€49,983 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,849 | €17,463 | -€2,386 | -12.0% |
| Other operating charges | 640/8 | €4,963 | €1,247 | -€3,716 | -74.9% |
| Gross operating margin | 9900 | €233,153 | €296,774 | +€63,621 | +27.3% |
| Operating profit (loss) | 9901 | €16,232 | €35,972 | +€19,740 | +122% |
| Financial income | 75/76B | €625 | €1 | -€624 | -99.9% |
| Recurring financial income | 75 | €625 | €1 | -€624 | -99.9% |
| Financial charges | 65/66B | €1,066 | €1,470 | +€404 | +37.9% |
| Recurring financial charges | 65 | €1,066 | €1,470 | +€404 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €15,791 | €34,503 | +€18,712 | +118% |
| Profit (loss) for the period | 9904 | €15,791 | €34,503 | +€18,712 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €15,791 | €34,503 | +€18,712 | +118% |
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.