ATELIER Marcel BORLON: 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 Marcel BORLON
Largest movements
- Cash -€17,579
down €17,579 (-37.5%), from €46,903 to €29,324
mainly Investment in fixed assets (net) (-€15,902) and Net result for the year (-€8,933)
- Tangible fixed assets +€4,830
up €4,830 (+13.5%), from €35,748 to €40,578
of which Plant, machinery and equipment: +€6,265
- Stocks and contracts -€1,240
down €1,240 (-33.1%), from €3,750 to €2,510
- Profit (loss) carried forward -€8,933
down €8,933 (-30.7%), from €29,115 to €20,182
- Debts after one year -€5,002
down €5,002 (-59.8%), from €8,370 to €3,368
- Other debts +€2,520
up €2,520 (+200.0%), from €1,260 to €3,780
- Tax, wage and social debts -€2,345
down €2,345 (-48.3%), from €4,851 to €2,506
- Trade debts -€964
down €964 (-38.7%), from €2,489 to €1,525
- Gross operating margin -€11,510
down €11,510 (-69.3%), from €16,605 to €5,095
- Depreciation +€938
up €938 (+9.3%), from €10,134 to €11,072
- Taxes -€321
down €321 (-70.3%), from €456 to €135
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.
Cash bridge derived
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 | €91,677 | €77,434 | -€14,243 | -15.5% |
| Fixed assets | 21/28 | €36,048 | €40,878 | +€4,830 | +13.4% |
| Tangible fixed assets | 22/27 | €35,748 | €40,578 | +€4,830 | +13.5% |
| Land and buildings | 22 | €2,375 | €5,566 | +€3,191 | +134.4% |
| Plant, machinery and equipment | 23 | €20,277 | €26,542 | +€6,265 | +30.9% |
| Furniture and vehicles | 24 | €12,931 | €8,010 | -€4,922 | -38.1% |
| Other tangible fixed assets | 26 | €165 | €460 | +€295 | +179.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €55,629 | €36,556 | -€19,073 | -34.3% |
| Stocks and contracts in progress | 3 | €3,750 | €2,510 | -€1,240 | -33.1% |
| Stocks | 30/36 | €3,750 | €2,510 | -€1,240 | -33.1% |
| Amounts receivable within one year | 40/41 | €1,936 | €1,417 | -€519 | -26.8% |
| Trade receivables | 40 | €1,936 | €1,417 | -€519 | -26.8% |
| Cash at bank and in hand | 54/58 | €46,903 | €29,324 | -€17,579 | -37.5% |
| Deferred charges and accrued income | 490/1 | €3,040 | €3,305 | +€265 | +8.7% |
| Total equity and liabilities | 10/49 | €91,677 | €77,434 | -€14,243 | -15.5% |
| Equity | 10/15 | €69,766 | €60,833 | -€8,933 | -12.8% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €20,200 | €20,200 | = | 0.0% |
| Distributable reserves | 133 | €20,200 | €20,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,115 | €20,182 | -€8,933 | -30.7% |
| Amounts payable | 17/49 | €21,911 | €16,601 | -€5,310 | -24.2% |
| Amounts payable after more than one year | 17 | €8,370 | €3,368 | -€5,002 | -59.8% |
| Financial debts | 170/4 | €8,370 | €3,368 | -€5,002 | -59.8% |
| Amounts payable within one year | 42/48 | €13,541 | €12,813 | -€728 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €4,941 | €5,002 | +€61 | +1.2% |
| Trade debts | 44 | €2,489 | €1,525 | -€964 | -38.7% |
| Suppliers | 440/4 | €2,489 | €1,525 | -€964 | -38.7% |
| Taxes, remuneration and social security | 45 | €4,851 | €2,506 | -€2,345 | -48.3% |
| Taxes | 450/3 | €4,851 | €2,506 | -€2,345 | -48.3% |
| Other amounts payable | 47/48 | €1,260 | €3,780 | +€2,520 | +200.0% |
| Accrued charges and deferred income | 492/3 | - | €420 | +€420 | |
| Non-recurring operating income | 76A | €28,163 | - | -€28,163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,134 | €11,072 | +€938 | +9.3% |
| Other operating charges | 640/8 | €2,600 | €2,705 | +€105 | +4.0% |
| Non-recurring operating charges | 66A | - | €178 | +€178 | |
| Gross operating margin | 9900 | €16,605 | €5,095 | -€11,510 | -69.3% |
| Operating profit (loss) | 9901 | €3,871 | -€8,859 | -€12,730 | |
| Financial income | 75/76B | €159 | €270 | +€111 | +69.8% |
| Recurring financial income | 75 | €159 | €270 | +€111 | +69.8% |
| Financial charges | 65/66B | €273 | €209 | -€64 | -23.5% |
| Recurring financial charges | 65 | €273 | €209 | -€64 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €3,757 | -€8,798 | -€12,555 | |
| Income taxes | 67/77 | €456 | €135 | -€321 | -70.3% |
| Profit (loss) for the period | 9904 | €3,301 | -€8,933 | -€12,234 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,301 | -€8,933 | -€12,234 |
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 9 October 2026 via checked.be.