ATELIER HERMITAGE: 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 HERMITAGE
Largest movements
- Tangible fixed assets +€6,797
up €6,797 (+241%), from €2,819 to €9,616
of which Furniture and vehicles: +€7,060
- Cash +€1,382
up €1,382 (+13.5%), from €10,261 to €11,643
mainly Current portion of long-term debt (+€3,977) and Depreciation (+€3,355)
- Deferred charges and accrued income -€582
down €582 (-37.9%), from €1,536 to €953
- Receivables within one year -€430
down €430 (-17.8%), from €2,414 to €1,984
of which Trade receivables: -€1,332
- Current portion of long-term debt +€3,977
new in 2025: €3,977
- Debts after one year +€2,771
new in 2025: €2,771
- Profit (loss) carried forward +€1,311
up €1,311 (+8.8%), from -€14,851 to -€13,540
- Other debts -€990
down €990 (-16.9%), from €5,867 to €4,877
- Trade debts -€349
down €349 (-6.5%), from €5,351 to €5,002
- Gross operating margin -€9,448
down €9,448 (-53.4%), from €17,679 to €8,232
- Taxes -€3,400
down €3,400 (-61.4%), from €5,538 to €2,137
- Depreciation +€2,237
up €2,237 (+200%), from €1,118 to €3,355
- Financial charges +€402
up €402 (+292%), from €138 to €540
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 | €19,416 | €26,386 | +€6,970 | +35.9% |
| Fixed assets | 21/28 | €3,315 | €10,111 | +€6,797 | +205% |
| Tangible fixed assets | 22/27 | €2,819 | €9,616 | +€6,797 | +241% |
| Land and buildings | 22 | €804 | €541 | -€264 | -32.8% |
| Furniture and vehicles | 24 | €2,015 | €9,075 | +€7,060 | +350% |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €16,102 | €16,275 | +€173 | +1.1% |
| Stocks and contracts in progress | 3 | €1,891 | €1,695 | -€196 | -10.4% |
| Stocks | 30/36 | €1,891 | €1,695 | -€196 | -10.4% |
| Amounts receivable within one year | 40/41 | €2,414 | €1,984 | -€430 | -17.8% |
| Trade receivables | 40 | €2,350 | €1,018 | -€1,332 | -56.7% |
| Other amounts receivable | 41 | €64 | €965 | +€902 | +1,412% |
| Cash at bank and in hand | 54/58 | €10,261 | €11,643 | +€1,382 | +13.5% |
| Deferred charges and accrued income | 490/1 | €1,536 | €953 | -€582 | -37.9% |
| Total equity and liabilities | 10/49 | €19,416 | €26,386 | +€6,970 | +35.9% |
| Equity | 10/15 | €5,609 | €6,920 | +€1,311 | +23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | -€14,851 | -€13,540 | +€1,311 | +8.8% |
| Amounts payable | 17/49 | €13,807 | €19,466 | +€5,659 | +41.0% |
| Amounts payable after more than one year | 17 | - | €2,771 | +€2,771 | |
| Financial debts | 170/4 | - | €2,771 | +€2,771 | |
| Amounts payable within one year | 42/48 | €13,807 | €16,696 | +€2,888 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | - | €3,977 | +€3,977 | |
| Trade debts | 44 | €5,351 | €5,002 | -€349 | -6.5% |
| Suppliers | 440/4 | €5,351 | €5,002 | -€349 | -6.5% |
| Taxes, remuneration and social security | 45 | €2,589 | €2,840 | +€251 | +9.7% |
| Taxes | 450/3 | €2,589 | €2,840 | +€251 | +9.7% |
| Other amounts payable | 47/48 | €5,867 | €4,877 | -€990 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,118 | €3,355 | +€2,237 | +200% |
| Other operating charges | 640/8 | €801 | €889 | +€88 | +11.0% |
| Gross operating margin | 9900 | €17,679 | €8,232 | -€9,448 | -53.4% |
| Operating profit (loss) | 9901 | €15,761 | €3,988 | -€11,773 | -74.7% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €138 | €540 | +€402 | +292% |
| Recurring financial charges | 65 | €138 | €540 | +€402 | +292% |
| Profit (loss) for the period before taxes | 9903 | €15,634 | €3,448 | -€12,186 | -77.9% |
| Income taxes | 67/77 | €5,538 | €2,137 | -€3,400 | -61.4% |
| Profit (loss) for the period | 9904 | €10,096 | €1,311 | -€8,785 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,096 | €1,311 | -€8,785 | -87.0% |
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 29 October 2026 via checked.be.