ATELIER CONTENT: 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 CONTENT
Largest movements
- Cash -€27,052
down €27,052 (-29.2%), from €92,562 to €65,510
mainly Investment in fixed assets (net) (-€66,551) and Contributions, distributions and other (-€61,574)
- Stocks and contracts +€14,953
up €14,953 (+9.1%), from €163,515 to €178,468
- Tax, wage and social debts +€86,781
up €86,781 (+225%), from €38,621 to €125,401
of which Taxes: +€102,824
- Reserves -€49,539
down €49,539 (-14.0%), from €353,717 to €304,179
of which Distributable reserves: -€47,679
- Debts after one year -€35,432
down €35,432 (-8.2%), from €430,672 to €395,240
- Trade debts -€31,077
down €31,077 (-39.5%), from €78,756 to €47,679
- Current portion of long-term debt +€17,023
up €17,023 (+20.9%), from €81,279 to €98,302
- Gross operating margin +€106,636
up €106,636 (+35.4%), from €301,206 to €407,842
- Staff costs +€80,698
up €80,698 (+35.4%), from €227,797 to €308,495
- Depreciation +€8,369
up €8,369 (+17.3%), from €48,432 to €56,800
- Taxes +€5,796
up €5,796 (+422%), from €1,375 to €7,171
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 | €1,006,935 | €1,000,778 | -€6,156 | -0.6% |
| Fixed assets | 21/28 | €671,940 | €681,691 | +€9,751 | +1.5% |
| Tangible fixed assets | 22/27 | €669,940 | €679,691 | +€9,751 | +1.5% |
| Land and buildings | 22 | €602,425 | €593,088 | -€9,336 | -1.5% |
| Plant, machinery and equipment | 23 | €14,692 | €34,945 | +€20,253 | +138% |
| Furniture and vehicles | 24 | €52,823 | €51,657 | -€1,165 | -2.2% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €334,995 | €319,088 | -€15,907 | -4.7% |
| Stocks and contracts in progress | 3 | €163,515 | €178,468 | +€14,953 | +9.1% |
| Stocks | 30/36 | €163,515 | €178,468 | +€14,953 | +9.1% |
| Amounts receivable within one year | 40/41 | €65,908 | €63,597 | -€2,311 | -3.5% |
| Trade receivables | 40 | €31,966 | €53,633 | +€21,667 | +67.8% |
| Other amounts receivable | 41 | €33,942 | €9,964 | -€23,978 | -70.6% |
| Cash at bank and in hand | 54/58 | €92,562 | €65,510 | -€27,052 | -29.2% |
| Deferred charges and accrued income | 490/1 | €13,010 | €11,514 | -€1,496 | -11.5% |
| Total equity and liabilities | 10/49 | €1,006,935 | €1,000,778 | -€6,156 | -0.6% |
| Equity | 10/15 | €372,317 | €322,779 | -€49,539 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €353,717 | €304,179 | -€49,539 | -14.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €351,857 | €304,179 | -€47,679 | -13.6% |
| Amounts payable | 17/49 | €634,617 | €678,000 | +€43,383 | +6.8% |
| Amounts payable after more than one year | 17 | €430,672 | €395,240 | -€35,432 | -8.2% |
| Financial debts | 170/4 | €430,672 | €395,240 | -€35,432 | -8.2% |
| Amounts payable within one year | 42/48 | €203,945 | €282,760 | +€78,815 | +38.6% |
| Current portion of amounts payable after more than one year | 42 | €81,279 | €98,302 | +€17,023 | +20.9% |
| Financial debts | 43 | €5,290 | €9,151 | +€3,861 | +73.0% |
| Credit institutions | 430/8 | €5,290 | €9,151 | +€3,861 | +73.0% |
| Trade debts | 44 | €78,756 | €47,679 | -€31,077 | -39.5% |
| Suppliers | 440/4 | €78,756 | €47,679 | -€31,077 | -39.5% |
| Taxes, remuneration and social security | 45 | €38,621 | €125,401 | +€86,781 | +225% |
| Taxes | 450/3 | €22,577 | €125,401 | +€102,824 | +455% |
| Remuneration and social security | 454/9 | €16,044 | - | -€16,044 | |
| Other amounts payable | 47/48 | - | €2,227 | +€2,227 | |
| Non-recurring operating income | 76A | - | €1,810 | +€1,810 | |
| Remuneration, social security and pensions | 62 | €227,797 | €308,495 | +€80,698 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,432 | €56,800 | +€8,369 | +17.3% |
| Other operating charges | 640/8 | €5,422 | €5,369 | -€54 | -1.0% |
| Gross operating margin | 9900 | €301,206 | €407,842 | +€106,636 | +35.4% |
| Operating profit (loss) | 9901 | €19,554 | €37,177 | +€17,623 | +90.1% |
| Financial income | 75/76B | €26 | €62 | +€36 | +142% |
| Recurring financial income | 75 | €26 | €62 | +€36 | +142% |
| Financial charges | 65/66B | €16,363 | €18,033 | +€1,670 | +10.2% |
| Recurring financial charges | 65 | €16,363 | €18,033 | +€1,670 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €3,217 | €19,206 | +€15,989 | +497% |
| Income taxes | 67/77 | €1,375 | €7,171 | +€5,796 | +422% |
| Profit (loss) for the period | 9904 | €1,843 | €12,035 | +€10,193 | +553% |
| Profit (loss) for the period to be appropriated | 9905 | €1,843 | €12,035 | +€10,193 | +553% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.