ATELIER FERRO: 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 FERRO
Largest movements
- Tangible fixed assets -€40,096
down €40,096 (-5.0%), from €795,985 to €755,888
of which Land and buildings: -€32,406
- Receivables within one year +€20,195
up €20,195 (+43.0%), from €46,944 to €67,139
of which Other amounts receivable: +€12,004
- Debts after one year -€33,299
down €33,299 (-5.5%), from €603,063 to €569,764
- Gross operating margin -€22,987
down €22,987 (-7.7%), from €297,277 to €274,290
- Depreciation -€19,537
down €19,537 (-32.2%), from €60,659 to €41,122
- Staff costs -€14,748
down €14,748 (-7.5%), from €195,579 to €180,830
- Financial charges -€8,076
down €8,076 (-19.5%), from €41,357 to €33,281
- Taxes +€4,336
new in 2025: €4,336
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 | €910,713 | €888,257 | -€22,455 | -2.5% |
| Fixed assets | 21/28 | €796,954 | €756,257 | -€40,697 | -5.1% |
| Intangible fixed assets | 21 | €970 | €369 | -€601 | -62.0% |
| Tangible fixed assets | 22/27 | €795,985 | €755,888 | -€40,096 | -5.0% |
| Land and buildings | 22 | €767,580 | €735,174 | -€32,406 | -4.2% |
| Plant, machinery and equipment | 23 | €8,655 | €6,348 | -€2,307 | -26.7% |
| Furniture and vehicles | 24 | €19,750 | €14,366 | -€5,384 | -27.3% |
| Current assets | 29/58 | €113,758 | €132,000 | +€18,242 | +16.0% |
| Stocks and contracts in progress | 3 | €64,046 | €61,640 | -€2,406 | -3.8% |
| Stocks | 30/36 | €64,046 | €61,640 | -€2,406 | -3.8% |
| Amounts receivable within one year | 40/41 | €46,944 | €67,139 | +€20,195 | +43.0% |
| Trade receivables | 40 | €4,623 | €12,814 | +€8,191 | +177% |
| Other amounts receivable | 41 | €42,320 | €54,325 | +€12,004 | +28.4% |
| Cash at bank and in hand | 54/58 | €208 | €17 | -€191 | -91.8% |
| Deferred charges and accrued income | 490/1 | €2,560 | €3,204 | +€644 | +25.1% |
| Total equity and liabilities | 10/49 | €910,713 | €888,257 | -€22,455 | -2.5% |
| Equity | 10/15 | €159,719 | €168,402 | +€8,683 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,119 | €149,802 | +€8,683 | +6.2% |
| Distributable reserves | 133 | €141,119 | €149,802 | +€8,683 | +6.2% |
| Amounts payable | 17/49 | €750,993 | €719,855 | -€31,138 | -4.1% |
| Amounts payable after more than one year | 17 | €603,063 | €569,764 | -€33,299 | -5.5% |
| Financial debts | 170/4 | €603,063 | €569,764 | -€33,299 | -5.5% |
| Amounts payable within one year | 42/48 | €147,930 | €150,091 | +€2,160 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €36,255 | €37,889 | +€1,634 | +4.5% |
| Financial debts | 43 | €24,091 | €23,313 | -€778 | -3.2% |
| Credit institutions | 430/8 | €24,091 | €23,313 | -€778 | -3.2% |
| Trade debts | 44 | €35,907 | €36,368 | +€461 | +1.3% |
| Suppliers | 440/4 | €35,907 | €36,368 | +€461 | +1.3% |
| Taxes, remuneration and social security | 45 | €51,678 | €52,521 | +€844 | +1.6% |
| Taxes | 450/3 | €11,485 | €18,597 | +€7,112 | +61.9% |
| Remuneration and social security | 454/9 | €40,193 | €33,924 | -€6,269 | -15.6% |
| Remuneration, social security and pensions | 62 | €195,579 | €180,830 | -€14,748 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,659 | €41,122 | -€19,537 | -32.2% |
| Other operating charges | 640/8 | €6,352 | €6,436 | +€83 | +1.3% |
| Gross operating margin | 9900 | €297,277 | €274,290 | -€22,987 | -7.7% |
| Operating profit (loss) | 9901 | €34,687 | €45,901 | +€11,214 | +32.3% |
| Financial income | 75/76B | €608 | €398 | -€210 | -34.6% |
| Recurring financial income | 75 | €608 | €398 | -€210 | -34.6% |
| Financial charges | 65/66B | €41,357 | €33,281 | -€8,076 | -19.5% |
| Recurring financial charges | 65 | €41,357 | €33,281 | -€8,076 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,061 | €13,018 | +€19,080 | |
| Income taxes | 67/77 | - | €4,336 | +€4,336 | |
| Profit (loss) for the period | 9904 | -€6,061 | €8,683 | +€14,744 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,061 | €8,683 | +€14,744 |
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 18 October 2026 via checked.be.