Atelier M.: 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 M.
Largest movements
- Tangible fixed assets +€508,746
up €508,746 (+312%), from €162,900 to €671,645
of which Land and buildings: +€543,086
- Receivables within one year +€325,154
up €325,154 (+66.9%), from €485,686 to €810,840
of which Other amounts receivable: +€372,917
- Cash -€34,531
down €34,531 (-4.7%), from €728,119 to €693,588
mainly Investment in fixed assets (net) (-€568,625) and Receivables within one year (-€325,154)
- Reserves +€305,929
up €305,929 (+21.7%), from €1.4m to €1.7m
- Other debts +€267,851
up €267,851 (+63.9%), from €418,963 to €686,813
- Debts after one year +€171,687
up €171,687 (+61.5%), from €279,261 to €450,948
- Financial charges +€50,784
up €50,784 (+146%), from €34,853 to €85,637
of which Financial charges: +€32,602
- Staff costs +€32,017
up €32,017 (+16.0%), from €200,233 to €232,250
- Taxes -€28,986
down €28,986 (-17.3%), from €167,232 to €138,246
- Other operating charges +€25,016
up €25,016 (+845%), from €2,960 to €27,976
- Financial income +€16,585
up €16,585 (+154%), from €10,746 to €27,332
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 | €2,269,222 | €3,042,182 | +€772,960 | +34.1% |
| Fixed assets | 21/28 | €182,900 | €671,645 | +€488,746 | +267% |
| Intangible fixed assets | 21 | €20,000 | €0 | -€20,000 | -100% |
| Tangible fixed assets | 22/27 | €162,900 | €671,645 | +€508,746 | +312% |
| Land and buildings | 22 | €98,012 | €641,097 | +€543,086 | +554% |
| Plant, machinery and equipment | 23 | €14,004 | €6,064 | -€7,941 | -56.7% |
| Furniture and vehicles | 24 | €50,884 | €24,484 | -€26,399 | -51.9% |
| Current assets | 29/58 | €2,086,322 | €2,370,537 | +€284,214 | +13.6% |
| Stocks and contracts in progress | 3 | €678,190 | €671,323 | -€6,867 | -1.0% |
| Stocks | 30/36 | €678,190 | €671,323 | -€6,867 | -1.0% |
| Amounts receivable within one year | 40/41 | €485,686 | €810,840 | +€325,154 | +66.9% |
| Trade receivables | 40 | €61,765 | €14,003 | -€47,762 | -77.3% |
| Other amounts receivable | 41 | €423,921 | €796,838 | +€372,917 | +88.0% |
| Current investments | 50/53 | €178,796 | €178,796 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €728,119 | €693,588 | -€34,531 | -4.7% |
| Deferred charges and accrued income | 490/1 | €15,532 | €15,989 | +€457 | +2.9% |
| Total equity and liabilities | 10/49 | €2,269,222 | €3,042,182 | +€772,960 | +34.1% |
| Equity | 10/15 | €1,430,582 | €1,736,511 | +€305,929 | +21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,411,982 | €1,717,911 | +€305,929 | +21.7% |
| Distributable reserves | 133 | €1,411,982 | €1,717,911 | +€305,929 | +21.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €838,640 | €1,305,671 | +€467,031 | +55.7% |
| Amounts payable after more than one year | 17 | €279,261 | €450,948 | +€171,687 | +61.5% |
| Financial debts | 170/4 | €279,261 | €450,948 | +€171,687 | +61.5% |
| Amounts payable within one year | 42/48 | €559,379 | €854,723 | +€295,344 | +52.8% |
| Current portion of amounts payable after more than one year | 42 | €32,646 | €43,250 | +€10,604 | +32.5% |
| Financial debts | 43 | €23,626 | €28,639 | +€5,012 | +21.2% |
| Other loans | 439 | €23,626 | €28,639 | +€5,012 | +21.2% |
| Trade debts | 44 | €41,608 | €52,970 | +€11,361 | +27.3% |
| Suppliers | 440/4 | €41,608 | €52,970 | +€11,361 | +27.3% |
| Advances received on contracts in progress | 46 | - | €1,400 | +€1,400 | |
| Taxes, remuneration and social security | 45 | €42,536 | €41,652 | -€885 | -2.1% |
| Taxes | 450/3 | €17,326 | €22,771 | +€5,445 | +31.4% |
| Remuneration and social security | 454/9 | €25,210 | €18,881 | -€6,329 | -25.1% |
| Other amounts payable | 47/48 | €418,963 | €686,813 | +€267,851 | +63.9% |
| Remuneration, social security and pensions | 62 | €200,233 | €232,250 | +€32,017 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,654 | €79,880 | +€4,226 | +5.6% |
| Other operating charges | 640/8 | €2,960 | €27,976 | +€25,016 | +845% |
| Non-recurring operating charges | 66A | €643 | €0 | -€643 | -100% |
| Gross operating margin | 9900 | €843,037 | €844,447 | +€1,409 | +0.2% |
| Operating profit (loss) | 9901 | €563,547 | €504,340 | -€59,207 | -10.5% |
| Financial income | 75/76B | €10,746 | €27,332 | +€16,585 | +154% |
| Recurring financial income | 75 | €10,746 | €27,332 | +€16,585 | +154% |
| Financial charges | 65/66B | €34,853 | €85,637 | +€50,784 | +146% |
| Recurring financial charges | 65 | €34,853 | €67,455 | +€32,602 | +93.5% |
| Non-recurring financial charges | 66B | - | €18,182 | +€18,182 | |
| Profit (loss) for the period before taxes | 9903 | €539,441 | €446,035 | -€93,405 | -17.3% |
| Income taxes | 67/77 | €167,232 | €138,246 | -€28,986 | -17.3% |
| Profit (loss) for the period | 9904 | €372,209 | €307,789 | -€64,420 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €372,209 | €307,789 | -€64,420 | -17.3% |
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 19 October 2026 via checked.be.