ATELIER JMD: 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 JMD
Largest movements
- Receivables within one year +€54,172
up €54,172 (+104%), from €51,985 to €106,157
of which Trade receivables: +€48,237
- Tangible fixed assets +€24,427
up €24,427 (+13.0%), from €187,784 to €212,210
of which Furniture and vehicles: +€44,838
- Cash -€15,968
down €15,968 (-9.7%), from €163,871 to €147,903
mainly Investment in fixed assets (net) (-€67,737) and Receivables within one year (-€54,172)
- Stocks and contracts -€13,260
down €13,260 (-2.2%), from €601,776 to €588,516
- Profit (loss) carried forward +€76,386
up €76,386 (+18.5%), from €412,815 to €489,201
- Trade debts -€48,890
down €48,890 (-18.3%), from €266,590 to €217,700
- Debts after one year +€25,507
up €25,507 (+60.3%), from €42,285 to €67,792
of which Financial debts: +€25,507
- Gross operating margin +€8,665
up €8,665 (+4.3%), from €202,767 to €211,433
- Staff costs +€7,858
up €7,858 (+16.8%), from €46,713 to €54,571
- Depreciation +€6,977
up €6,977 (+19.2%), from €36,334 to €43,311
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 | €1,010,123 | €1,061,230 | +€51,108 | +5.1% |
| Fixed assets | 21/28 | €187,959 | €212,385 | +€24,427 | +13.0% |
| Tangible fixed assets | 22/27 | €187,784 | €212,210 | +€24,427 | +13.0% |
| Land and buildings | 22 | €128,598 | €115,842 | -€12,756 | -9.9% |
| Plant, machinery and equipment | 23 | €47,402 | €39,747 | -€7,656 | -16.2% |
| Furniture and vehicles | 24 | €11,783 | €56,622 | +€44,838 | +381% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €822,164 | €848,845 | +€26,681 | +3.2% |
| Stocks and contracts in progress | 3 | €601,776 | €588,516 | -€13,260 | -2.2% |
| Stocks | 30/36 | €601,776 | €588,516 | -€13,260 | -2.2% |
| Amounts receivable within one year | 40/41 | €51,985 | €106,157 | +€54,172 | +104% |
| Trade receivables | 40 | €31,604 | €79,841 | +€48,237 | +153% |
| Other amounts receivable | 41 | €20,380 | €26,315 | +€5,935 | +29.1% |
| Cash at bank and in hand | 54/58 | €163,871 | €147,903 | -€15,968 | -9.7% |
| Deferred charges and accrued income | 490/1 | €4,532 | €6,269 | +€1,736 | +38.3% |
| Total equity and liabilities | 10/49 | €1,010,123 | €1,061,230 | +€51,108 | +5.1% |
| Equity | 10/15 | €630,455 | €705,931 | +€75,477 | +12.0% |
| Contributions | 10/11 | €158,600 | €158,600 | = | 0.0% |
| Capital | 10 | €158,600 | €158,600 | = | 0.0% |
| Issued capital | 100 | €158,600 | €158,600 | = | 0.0% |
| Reserves | 13 | €53,390 | €53,390 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,688 | €21,688 | = | 0.0% |
| Legal reserve | 130 | €21,688 | €21,688 | = | 0.0% |
| Distributable reserves | 133 | €31,702 | €31,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | €412,815 | €489,201 | +€76,386 | +18.5% |
| Investment grants | 15 | €5,650 | €4,740 | -€910 | -16.1% |
| Amounts payable | 17/49 | €379,668 | €355,299 | -€24,369 | -6.4% |
| Amounts payable after more than one year | 17 | €42,285 | €67,792 | +€25,507 | +60.3% |
| Financial debts | 170/4 | €12,285 | €37,792 | +€25,507 | +208% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €337,383 | €287,507 | -€49,876 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €34,760 | €38,641 | +€3,881 | +11.2% |
| Trade debts | 44 | €266,590 | €217,700 | -€48,890 | -18.3% |
| Suppliers | 440/4 | €266,590 | €217,700 | -€48,890 | -18.3% |
| Taxes, remuneration and social security | 45 | €8,050 | €3,443 | -€4,607 | -57.2% |
| Taxes | 450/3 | €3,595 | €3,443 | -€152 | -4.2% |
| Remuneration and social security | 454/9 | €4,455 | - | -€4,455 | |
| Other amounts payable | 47/48 | €27,982 | €27,722 | -€260 | -0.9% |
| Remuneration, social security and pensions | 62 | €46,713 | €54,571 | +€7,858 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,334 | €43,311 | +€6,977 | +19.2% |
| Other operating charges | 640/8 | €3,519 | €3,583 | +€64 | +1.8% |
| Gross operating margin | 9900 | €202,767 | €211,433 | +€8,665 | +4.3% |
| Operating profit (loss) | 9901 | €116,202 | €109,968 | -€6,233 | -5.4% |
| Financial income | 75/76B | €52 | €264 | +€212 | +410% |
| Recurring financial income | 75 | €52 | €264 | +€212 | +410% |
| Financial charges | 65/66B | €3,543 | €4,079 | +€536 | +15.1% |
| Recurring financial charges | 65 | €3,543 | €4,079 | +€536 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €112,710 | €106,153 | -€6,557 | -5.8% |
| Income taxes | 67/77 | €28,539 | €29,767 | +€1,228 | +4.3% |
| Profit (loss) for the period | 9904 | €84,171 | €76,386 | -€7,785 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €84,171 | €76,386 | -€7,785 | -9.2% |
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 31 October 2026 via checked.be.