ATELIER FERIN: 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 FERIN
Largest movements
- Current investments +€36,009
up €36,009 (+400%), from €9,000 to €45,009
- Tangible fixed assets -€15,305
down €15,305 (-58.3%), from €26,247 to €10,942
of which Furniture and vehicles: -€13,953
- Receivables within one year -€14,180
down €14,180 (-20.2%), from €70,072 to €55,892
of which Trade receivables: -€9,909
- Cash +€6,652
up €6,652 (+127%), from €5,233 to €11,885
mainly Net result for the year (+€27,903) and Depreciation (+€15,305)
- Stocks and contracts -€6,530
down €6,530 (-31.8%), from €20,514 to €13,984
- Profit (loss) carried forward +€27,903
up €27,903 (+79.5%), from €35,090 to €62,993
- Trade debts -€20,000
down €20,000 (-84.9%), from €23,554 to €3,554
- Tax, wage and social debts +€12,625
up €12,625 (+45.2%), from €27,912 to €40,538
of which Taxes: +€11,957
- Debts after one year -€6,928
down €6,928 (-68.8%), from €10,076 to €3,148
- Other debts -€3,488
no longer reported in 2025 (was €3,488)
- Gross operating margin +€44,486
up €44,486 (+19.6%), from €227,545 to €272,031
- Staff costs +€13,972
up €13,972 (+7.3%), from €191,769 to €205,740
- Taxes +€8,197
up €8,197 (+106%), from €7,729 to €15,926
- Depreciation -€6,551
down €6,551 (-30.0%), from €21,856 to €15,305
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 | €137,977 | €147,602 | +€9,625 | +7.0% |
| Fixed assets | 21/28 | €27,357 | €12,052 | -€15,305 | -55.9% |
| Tangible fixed assets | 22/27 | €26,247 | €10,942 | -€15,305 | -58.3% |
| Plant, machinery and equipment | 23 | €3,740 | €3,270 | -€469 | -12.6% |
| Furniture and vehicles | 24 | €14,820 | €867 | -€13,953 | -94.2% |
| Other tangible fixed assets | 26 | €7,688 | €6,805 | -€882 | -11.5% |
| Financial fixed assets | 28 | €1,110 | €1,110 | = | 0.0% |
| Current assets | 29/58 | €110,620 | €135,550 | +€24,930 | +22.5% |
| Stocks and contracts in progress | 3 | €20,514 | €13,984 | -€6,530 | -31.8% |
| Stocks | 30/36 | €20,514 | €13,984 | -€6,530 | -31.8% |
| Amounts receivable within one year | 40/41 | €70,072 | €55,892 | -€14,180 | -20.2% |
| Trade receivables | 40 | €62,984 | €53,075 | -€9,909 | -15.7% |
| Other amounts receivable | 41 | €7,088 | €2,817 | -€4,271 | -60.3% |
| Current investments | 50/53 | €9,000 | €45,009 | +€36,009 | +400% |
| Cash at bank and in hand | 54/58 | €5,233 | €11,885 | +€6,652 | +127% |
| Deferred charges and accrued income | 490/1 | €5,801 | €8,781 | +€2,980 | +51.4% |
| Total equity and liabilities | 10/49 | €137,977 | €147,602 | +€9,625 | +7.0% |
| Equity | 10/15 | €62,532 | €90,435 | +€27,903 | +44.6% |
| Contributions | 10/11 | €5,645 | €5,645 | = | 0.0% |
| Reserves | 13 | €21,796 | €21,796 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,997 | €7,997 | = | 0.0% |
| Distributable reserves | 133 | €13,799 | €13,799 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,090 | €62,993 | +€27,903 | +79.5% |
| Amounts payable | 17/49 | €75,445 | €57,168 | -€18,278 | -24.2% |
| Amounts payable after more than one year | 17 | €10,076 | €3,148 | -€6,928 | -68.8% |
| Financial debts | 170/4 | €10,076 | €3,148 | -€6,928 | -68.8% |
| Amounts payable within one year | 42/48 | €65,369 | €51,019 | -€14,350 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €10,415 | €6,928 | -€3,488 | -33.5% |
| Trade debts | 44 | €23,554 | €3,554 | -€20,000 | -84.9% |
| Suppliers | 440/4 | €23,554 | €3,554 | -€20,000 | -84.9% |
| Taxes, remuneration and social security | 45 | €27,912 | €40,538 | +€12,625 | +45.2% |
| Taxes | 450/3 | €11,682 | €23,639 | +€11,957 | +102% |
| Remuneration and social security | 454/9 | €16,230 | €16,898 | +€668 | +4.1% |
| Other amounts payable | 47/48 | €3,488 | - | -€3,488 | |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €191,769 | €205,740 | +€13,972 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,856 | €15,305 | -€6,551 | -30.0% |
| Other operating charges | 640/8 | €4,911 | €5,191 | +€280 | +5.7% |
| Non-recurring operating charges | 66A | - | €416 | +€416 | |
| Gross operating margin | 9900 | €227,545 | €272,031 | +€44,486 | +19.6% |
| Operating profit (loss) | 9901 | €9,010 | €45,379 | +€36,370 | +404% |
| Financial income | 75/76B | €301 | €91 | -€210 | -69.6% |
| Recurring financial income | 75 | €301 | €91 | -€210 | -69.6% |
| Financial charges | 65/66B | €2,645 | €1,642 | -€1,004 | -37.9% |
| Recurring financial charges | 65 | €2,645 | €1,642 | -€1,004 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €6,665 | €43,829 | +€37,164 | +558% |
| Income taxes | 67/77 | €7,729 | €15,926 | +€8,197 | +106% |
| Profit (loss) for the period | 9904 | -€1,064 | €27,903 | +€28,967 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,064 | €27,903 | +€28,967 |
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 22 October 2026 via checked.be.