ATELIER DE MAX: 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 DE MAX
Largest movements
- Cash +€61,303
up €61,303 (+15.3%), from €401,322 to €462,625
mainly Net result for the year (+€73,722) and Depreciation (+€44,359)
- Tangible fixed assets -€37,506
down €37,506 (-38.9%), from €96,437 to €58,931
of which Furniture and vehicles: -€18,766
- Receivables within one year +€24,977
up €24,977 (+6.4%), from €391,529 to €416,506
of which Trade receivables: +€14,204
- Profit (loss) carried forward +€73,722
up €73,722 (+13.2%), from €559,015 to €632,737
- Tax, wage and social debts -€23,056
down €23,056 (-24.4%), from €94,664 to €71,608
of which Remuneration and social security: -€19,247
- Trade debts +€22,020
up €22,020 (+11.6%), from €189,118 to €211,138
- Current portion of long-term debt -€14,256
down €14,256 (-56.2%), from €25,356 to €11,100
- Debts after one year -€11,100
down €11,100 (-43.0%), from €25,809 to €14,709
- Staff costs -€31,191
down €31,191 (-8.5%), from €364,841 to €333,650
- Gross operating margin -€12,651
down €12,651 (-2.5%), from €504,844 to €492,193
- Taxes +€8,182
up €8,182 (+34.0%), from €24,074 to €32,256
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 | €902,021 | €949,351 | +€47,330 | +5.2% |
| Fixed assets | 21/28 | €99,848 | €59,869 | -€39,979 | -40.0% |
| Intangible fixed assets | 21 | €3,412 | €938 | -€2,474 | -72.5% |
| Tangible fixed assets | 22/27 | €96,437 | €58,931 | -€37,506 | -38.9% |
| Plant, machinery and equipment | 23 | €66,980 | €50,712 | -€16,269 | -24.3% |
| Furniture and vehicles | 24 | €22,390 | €3,624 | -€18,766 | -83.8% |
| Other tangible fixed assets | 26 | €7,066 | €4,596 | -€2,471 | -35.0% |
| Current assets | 29/58 | €802,173 | €889,482 | +€87,310 | +10.9% |
| Stocks and contracts in progress | 3 | €8,000 | €8,000 | = | 0.0% |
| Stocks | 30/36 | €8,000 | €8,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €391,529 | €416,506 | +€24,977 | +6.4% |
| Trade receivables | 40 | €256,622 | €270,826 | +€14,204 | +5.5% |
| Other amounts receivable | 41 | €134,907 | €145,680 | +€10,773 | +8.0% |
| Cash at bank and in hand | 54/58 | €401,322 | €462,625 | +€61,303 | +15.3% |
| Deferred charges and accrued income | 490/1 | €1,322 | €2,352 | +€1,030 | +77.9% |
| Total equity and liabilities | 10/49 | €902,021 | €949,351 | +€47,330 | +5.2% |
| Equity | 10/15 | €567,075 | €640,797 | +€73,722 | +13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €559,015 | €632,737 | +€73,722 | +13.2% |
| Amounts payable | 17/49 | €334,946 | €308,555 | -€26,391 | -7.9% |
| Amounts payable after more than one year | 17 | €25,809 | €14,709 | -€11,100 | -43.0% |
| Financial debts | 170/4 | €25,809 | €14,709 | -€11,100 | -43.0% |
| Amounts payable within one year | 42/48 | €309,138 | €293,846 | -€15,292 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €25,356 | €11,100 | -€14,256 | -56.2% |
| Trade debts | 44 | €189,118 | €211,138 | +€22,020 | +11.6% |
| Suppliers | 440/4 | €189,118 | €211,138 | +€22,020 | +11.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €94,664 | €71,608 | -€23,056 | -24.4% |
| Taxes | 450/3 | €37,744 | €33,936 | -€3,809 | -10.1% |
| Remuneration and social security | 454/9 | €56,920 | €37,673 | -€19,247 | -33.8% |
| Non-recurring operating income | 76A | €1,018 | €0 | -€1,018 | -100% |
| Remuneration, social security and pensions | 62 | €364,841 | €333,650 | -€31,191 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,175 | €44,359 | -€2,816 | -6.0% |
| Other operating charges | 640/8 | €8,465 | €6,393 | -€2,072 | -24.5% |
| Non-recurring operating charges | 66A | €6,500 | €0 | -€6,500 | -100% |
| Gross operating margin | 9900 | €504,844 | €492,193 | -€12,651 | -2.5% |
| Operating profit (loss) | 9901 | €77,863 | €107,791 | +€29,928 | +38.4% |
| Financial income | 75/76B | €3,834 | €4,978 | +€1,144 | +29.8% |
| Recurring financial income | 75 | €3,834 | €4,978 | +€1,144 | +29.8% |
| Financial charges | 65/66B | €5,552 | €6,791 | +€1,239 | +22.3% |
| Recurring financial charges | 65 | €5,552 | €6,791 | +€1,239 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €76,145 | €105,978 | +€29,832 | +39.2% |
| Income taxes | 67/77 | €24,074 | €32,256 | +€8,182 | +34.0% |
| Profit (loss) for the period | 9904 | €52,072 | €73,722 | +€21,650 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,072 | €73,722 | +€21,650 | +41.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.