Atelier D. Leroy: 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 D. Leroy
Largest movements
- Cash +€58,399
up €58,399 (+69.3%), from €84,303 to €142,701
mainly Other debts (+€135,388) and Net result for the year (+€38,489)
- Receivables within one year -€37,599
down €37,599 (-44.1%), from €85,280 to €47,681
of which Trade receivables: -€35,318
- Tangible fixed assets -€11,031
down €11,031 (-6.2%), from €177,114 to €166,083
of which Furniture and vehicles: -€11,881
- Other debts +€135,388
up €135,388 (+1,499%), from €9,032 to €144,420
- Reserves -€103,197
down €103,197 (-35.4%), from €291,571 to €188,374
- Tax, wage and social debts -€27,666
down €27,666 (-61.1%), from €45,291 to €17,625
of which Taxes: -€29,702
- Gross operating margin -€26,517
down €26,517 (-14.7%), from €180,861 to €154,344
- Staff costs -€16,284
down €16,284 (-17.6%), from €92,499 to €76,215
- Depreciation -€12,296
down €12,296 (-38.7%), from €31,788 to €19,493
- Write-downs -€9,780
no longer reported in 2025 (was €9,780)
- Taxes +€3,627
up €3,627 (+22.9%), from €15,816 to €19,443
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 | €384,262 | €390,936 | +€6,674 | +1.7% |
| Fixed assets | 21/28 | €177,562 | €166,531 | -€11,031 | -6.2% |
| Tangible fixed assets | 22/27 | €177,114 | €166,083 | -€11,031 | -6.2% |
| Land and buildings | 22 | €154,752 | €155,602 | +€850 | +0.5% |
| Furniture and vehicles | 24 | €22,362 | €10,481 | -€11,881 | -53.1% |
| Financial fixed assets | 28 | €448 | €448 | = | 0.0% |
| Current assets | 29/58 | €206,700 | €224,405 | +€17,705 | +8.6% |
| Stocks and contracts in progress | 3 | €36,908 | €33,882 | -€3,027 | -8.2% |
| Stocks | 30/36 | €36,908 | €33,882 | -€3,027 | -8.2% |
| Amounts receivable within one year | 40/41 | €85,280 | €47,681 | -€37,599 | -44.1% |
| Trade receivables | 40 | €82,999 | €47,681 | -€35,318 | -42.6% |
| Other amounts receivable | 41 | €2,281 | - | -€2,281 | |
| Cash at bank and in hand | 54/58 | €84,303 | €142,701 | +€58,399 | +69.3% |
| Deferred charges and accrued income | 490/1 | €209 | €141 | -€68 | -32.7% |
| Total equity and liabilities | 10/49 | €384,262 | €390,936 | +€6,674 | +1.7% |
| Equity | 10/15 | €310,121 | €206,924 | -€103,197 | -33.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €291,571 | €188,374 | -€103,197 | -35.4% |
| Distributable reserves | 133 | €291,571 | €188,374 | -€103,197 | -35.4% |
| Amounts payable | 17/49 | €74,141 | €184,012 | +€109,870 | +148% |
| Amounts payable within one year | 42/48 | €74,141 | €184,012 | +€109,870 | +148% |
| Financial debts | 43 | - | €1,900 | +€1,900 | |
| Other loans | 439 | - | €1,900 | +€1,900 | |
| Trade debts | 44 | €19,818 | €20,067 | +€249 | +1.3% |
| Suppliers | 440/4 | €19,818 | €20,067 | +€249 | +1.3% |
| Taxes, remuneration and social security | 45 | €45,291 | €17,625 | -€27,666 | -61.1% |
| Taxes | 450/3 | €36,746 | €7,044 | -€29,702 | -80.8% |
| Remuneration and social security | 454/9 | €8,545 | €10,580 | +€2,036 | +23.8% |
| Other amounts payable | 47/48 | €9,032 | €144,420 | +€135,388 | +1,499% |
| Remuneration, social security and pensions | 62 | €92,499 | €76,215 | -€16,284 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,788 | €19,493 | -€12,296 | -38.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,780 | - | -€9,780 | |
| Other operating charges | 640/8 | €1,573 | €1,970 | +€397 | +25.3% |
| Gross operating margin | 9900 | €180,861 | €154,344 | -€26,517 | -14.7% |
| Operating profit (loss) | 9901 | €45,221 | €56,666 | +€11,445 | +25.3% |
| Financial income | 75/76B | €1,157 | €1,415 | +€258 | +22.3% |
| Recurring financial income | 75 | €1,157 | €1,415 | +€258 | +22.3% |
| Financial charges | 65/66B | €123 | €149 | +€26 | +21.4% |
| Recurring financial charges | 65 | €123 | €149 | +€26 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €46,255 | €57,932 | +€11,677 | +25.2% |
| Income taxes | 67/77 | €15,816 | €19,443 | +€3,627 | +22.9% |
| Profit (loss) for the period | 9904 | €30,439 | €38,489 | +€8,050 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,439 | €38,489 | +€8,050 | +26.4% |
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 28 October 2026 via checked.be.