Atelier & Constructions: what changed
Two fiscal 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 & Constructions
Largest movements
- Stocks and contracts -€551,080
down €551,080 (-93.0%), from €592,432 to €41,352
- Receivables within one year +€54,001
up €54,001 (+930.2%), from €5,805 to €59,806
of which Trade receivables: +€43,952
- Cash +€36,319
up €36,319 (+29.3%), from €123,745 to €160,063
mainly Stocks and contracts (+€551,080) and Depreciation (+€16,816)
- Tangible fixed assets -€8,883
down €8,883 (-19.3%), from €46,041 to €37,158
of which Plant, machinery and equipment: -€8,886
- Debts after one year -€268,812
down €268,812 (-53.6%), from €501,734 to €232,922
of which Financial debts: -€230,938
- Tax, wage and social debts -€112,366
down €112,366 (-96.7%), from €116,249 to €3,884
of which Taxes: -€115,924
- Other debts -€50,033
down €50,033 (-53.4%), from €93,750 to €43,717
- Profit (loss) carried forward -€30,886
down €30,886 (-220.6%), from -€13,998 to -€44,884
- Trade debts -€8,031
down €8,031 (-75.3%), from €10,663 to €2,632
- Financial charges -€43,156
down €43,156 (-81.0%), from €53,260 to €10,104
- Staff costs +€36,188
new in 2025: €36,188
- Gross operating margin -€26,694
down €26,694 (-45.3%), from €58,893 to €32,199
- Depreciation -€4,815
down €4,815 (-22.3%), from €21,631 to €16,816
- Financial income +€1,875
up €1,875 (+595.0%), from €315 to €2,190
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.
Cash bridge derived
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 | €783,638 | €311,186 | -€472,452 | -60.3% |
| Fixed assets | 21/28 | €47,787 | €38,904 | -€8,883 | -18.6% |
| Tangible fixed assets | 22/27 | €46,041 | €37,158 | -€8,883 | -19.3% |
| Plant, machinery and equipment | 23 | €37,180 | €28,294 | -€8,886 | -23.9% |
| Furniture and vehicles | 24 | €5,746 | €6,143 | +€397 | +6.9% |
| Other tangible fixed assets | 26 | €3,114 | €2,721 | -€393 | -12.6% |
| Financial fixed assets | 28 | €1,746 | €1,746 | = | 0.0% |
| Current assets | 29/58 | €735,851 | €272,282 | -€463,569 | -63.0% |
| Stocks and contracts in progress | 3 | €592,432 | €41,352 | -€551,080 | -93.0% |
| Stocks | 30/36 | €592,432 | €41,352 | -€551,080 | -93.0% |
| Amounts receivable within one year | 40/41 | €5,805 | €59,806 | +€54,001 | +930.2% |
| Trade receivables | 40 | €5,805 | €49,757 | +€43,952 | +757.1% |
| Other amounts receivable | 41 | - | €10,049 | +€10,049 | |
| Cash at bank and in hand | 54/58 | €123,745 | €160,063 | +€36,319 | +29.3% |
| Deferred charges and accrued income | 490/1 | €13,870 | €11,061 | -€2,809 | -20.3% |
| Total equity and liabilities | 10/49 | €783,638 | €311,186 | -€472,452 | -60.3% |
| Equity | 10/15 | €53,652 | €22,766 | -€30,886 | -57.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,998 | -€44,884 | -€30,886 | -220.6% |
| Amounts payable | 17/49 | €729,986 | €288,420 | -€441,566 | -60.5% |
| Amounts payable after more than one year | 17 | €501,734 | €232,922 | -€268,812 | -53.6% |
| Financial debts | 170/4 | €247,892 | €16,953 | -€230,938 | -93.2% |
| Other amounts payable | 178/9 | €253,843 | €215,969 | -€37,874 | -14.9% |
| Amounts payable within one year | 42/48 | €227,104 | €54,860 | -€172,244 | -75.8% |
| Current portion of amounts payable after more than one year | 42 | €3,941 | €4,133 | +€192 | +4.9% |
| Financial debts | 43 | - | €493 | +€493 | |
| Credit institutions | 430/8 | - | €493 | +€493 | |
| Trade debts | 44 | €10,663 | €2,632 | -€8,031 | -75.3% |
| Suppliers | 440/4 | €10,663 | €2,632 | -€8,031 | -75.3% |
| Advances received on contracts in progress | 46 | €2,500 | - | -€2,500 | |
| Taxes, remuneration and social security | 45 | €116,249 | €3,884 | -€112,366 | -96.7% |
| Taxes | 450/3 | €116,249 | €325 | -€115,924 | -99.7% |
| Remuneration and social security | 454/9 | - | €3,559 | +€3,559 | |
| Other amounts payable | 47/48 | €93,750 | €43,717 | -€50,033 | -53.4% |
| Accrued charges and deferred income | 492/3 | €1,148 | €638 | -€509 | -44.4% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | - | €36,188 | +€36,188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,631 | €16,816 | -€4,815 | -22.3% |
| Other operating charges | 640/8 | €731 | €1,518 | +€786 | +107.6% |
| Gross operating margin | 9900 | €58,893 | €32,199 | -€26,694 | -45.3% |
| Operating profit (loss) | 9901 | €36,531 | -€22,323 | -€58,854 | |
| Financial income | 75/76B | €315 | €2,190 | +€1,875 | +595.0% |
| Recurring financial income | 75 | €315 | €2,190 | +€1,875 | +595.0% |
| Financial charges | 65/66B | €53,260 | €10,104 | -€43,156 | -81.0% |
| Recurring financial charges | 65 | €53,260 | €10,104 | -€43,156 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,414 | -€30,237 | -€13,823 | -84.2% |
| Income taxes | 67/77 | - | €649 | +€649 | |
| Profit (loss) for the period | 9904 | -€16,414 | -€30,886 | -€14,472 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,414 | -€30,886 | -€14,472 | -88.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.