ATELIER GAVEL: what changed
ATELIER GAVEL
Largest movements
- Cash -€5,038
down €5,038 (-64.0%), from €7,866 to €2,828
mainly Investment in fixed assets (net) (-€7,100) and Tax, wage and social debts (-€6,482)
- Receivables within one year -€3,143
down €3,143 (-27.6%), from €11,399 to €8,256
of which Other amounts receivable: -€3,278
- Tangible fixed assets +€1,920
up €1,920 (+36.8%), from €5,218 to €7,138
of which Plant, machinery and equipment: +€6,606
- Deferred charges and accrued income -€1,198
down €1,198 (-100%), from €1,198 to €0
- Stocks and contracts -€524
down €524 (-42.0%), from €1,248 to €724
of which Stocks: -€524
- Tax, wage and social debts -€6,482
down €6,482 (-76.2%), from €8,511 to €2,030
of which Remuneration and social security: -€6,768
- Trade debts -€5,790
down €5,790 (-50.8%), from €11,394 to €5,604
- Debts after one year +€2,917
new in 2025: €2,917
- Current portion of long-term debt +€1,670
up €1,670 (+197%), from €847 to €2,517
- Other debts -€561
down €561 (-2.2%), from €25,527 to €24,967
- Gross operating margin +€14,200
up €14,200 (+112%), from €12,685 to €26,886
- Staff costs -€7,449
down €7,449 (-26.2%), from €28,454 to €21,006
- Depreciation -€5,829
down €5,829 (-52.9%), from €11,010 to €5,180
- Other operating charges -€378
down €378 (-53.4%), from €709 to €331
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,074 | €19,091 | -€7,983 | -29.5% |
| Fixed assets | 21/28 | €5,363 | €7,283 | +€1,920 | +35.8% |
| Tangible fixed assets | 22/27 | €5,218 | €7,138 | +€1,920 | +36.8% |
| Land and buildings | 22 | €642 | €532 | -€110 | -17.1% |
| Plant, machinery and equipment | 23 | €0 | €6,606 | +€6,606 | |
| Furniture and vehicles | 24 | €4,576 | €0 | -€4,576 | -100% |
| Financial fixed assets | 28 | €145 | €145 | = | 0.0% |
| Current assets | 29/58 | €21,711 | €11,809 | -€9,902 | -45.6% |
| Stocks and contracts in progress | 3 | €1,248 | €724 | -€524 | -42.0% |
| Stocks | 30/36 | €1,248 | €724 | -€524 | -42.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €11,399 | €8,256 | -€3,143 | -27.6% |
| Trade receivables | 40 | €4,951 | €5,087 | +€136 | +2.7% |
| Other amounts receivable | 41 | €6,448 | €3,169 | -€3,278 | -50.8% |
| Cash at bank and in hand | 54/58 | €7,866 | €2,828 | -€5,038 | -64.0% |
| Deferred charges and accrued income | 490/1 | €1,198 | €0 | -€1,198 | -100% |
| Total equity and liabilities | 10/49 | €27,074 | €19,091 | -€7,983 | -29.5% |
| Equity | 10/15 | -€19,206 | -€18,974 | +€231 | +1.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €15,625 | €15,625 | = | 0.0% |
| Distributable reserves | 133 | €15,625 | €15,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,831 | -€49,600 | +€231 | +0.5% |
| Amounts payable | 17/49 | €46,280 | €38,065 | -€8,214 | -17.7% |
| Amounts payable after more than one year | 17 | - | €2,917 | +€2,917 | |
| Financial debts | 170/4 | - | €2,917 | +€2,917 | |
| Amounts payable within one year | 42/48 | €46,280 | €35,117 | -€11,162 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €847 | €2,517 | +€1,670 | +197% |
| Trade debts | 44 | €11,394 | €5,604 | -€5,790 | -50.8% |
| Suppliers | 440/4 | €11,394 | €5,604 | -€5,790 | -50.8% |
| Taxes, remuneration and social security | 45 | €8,511 | €2,030 | -€6,482 | -76.2% |
| Taxes | 450/3 | - | €287 | +€287 | |
| Remuneration and social security | 454/9 | €8,511 | €1,743 | -€6,768 | -79.5% |
| Other amounts payable | 47/48 | €25,527 | €24,967 | -€561 | -2.2% |
| Accrued charges and deferred income | 492/3 | €0 | €32 | +€32 | |
| Remuneration, social security and pensions | 62 | €28,454 | €21,006 | -€7,449 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,010 | €5,180 | -€5,829 | -52.9% |
| Other operating charges | 640/8 | €709 | €331 | -€378 | -53.4% |
| Gross operating margin | 9900 | €12,685 | €26,886 | +€14,200 | +112% |
| Operating profit (loss) | 9901 | -€27,487 | €369 | +€27,856 | |
| Financial income | 75/76B | €221 | €221 | +€0 | +0.2% |
| Recurring financial income | 75 | €221 | €221 | +€0 | +0.2% |
| Financial charges | 65/66B | €385 | €359 | -€26 | -6.7% |
| Recurring financial charges | 65 | €385 | €359 | -€26 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,651 | €231 | +€27,883 | |
| Profit (loss) for the period | 9904 | -€27,651 | €231 | +€27,883 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,651 | €231 | +€27,883 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.