ATELIER PALMIER: what changed
ATELIER PALMIER
Largest movements
- Intangible fixed assets +€12,197
new in 2025: €12,197
- Stocks and contracts -€11,749
down €11,749 (-26.0%), from €45,202 to €33,453
- Tangible fixed assets -€10,097
down €10,097 (-15.7%), from €64,194 to €54,098
of which Land and buildings: -€6,330
- Cash +€6,844
up €6,844 (+121%), from €5,657 to €12,501
mainly Depreciation (+€15,090) and Stocks and contracts (+€11,749)
- Receivables within one year -€4,590
down €4,590 (-43.5%), from €10,543 to €5,953
of which Trade receivables: -€4,690
- Debts after one year -€13,020
down €13,020 (-25.6%), from €50,875 to €37,854
- Current portion of long-term debt -€9,905
down €9,905 (-43.2%), from €22,926 to €13,020
- Tax, wage and social debts +€9,880
up €9,880 (+62.7%), from €15,766 to €25,646
of which Taxes: +€8,257
- Trade debts -€7,926
down €7,926 (-41.3%), from €19,173 to €11,247
- Other debts +€6,908
up €6,908 (+33.7%), from €20,479 to €27,388
- Staff costs +€13,104
up €13,104 (+34.2%), from €38,287 to €51,392
- Gross operating margin +€6,769
up €6,769 (+9.0%), from €74,855 to €81,624
- Taxes +€3,032
up €3,032 (+225%), from €1,349 to €4,381
- Depreciation +€2,212
up €2,212 (+17.2%), from €12,877 to €15,090
- Financial charges -€1,343
down €1,343 (-22.6%), from €5,939 to €4,596
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 | €127,317 | €119,593 | -€7,724 | -6.1% |
| Fixed assets | 21/28 | €64,694 | €66,295 | +€1,601 | +2.5% |
| Intangible fixed assets | 21 | - | €12,197 | +€12,197 | |
| Tangible fixed assets | 22/27 | €64,194 | €54,098 | -€10,097 | -15.7% |
| Land and buildings | 22 | €46,163 | €39,833 | -€6,330 | -13.7% |
| Plant, machinery and equipment | 23 | €2,143 | €1,344 | -€799 | -37.3% |
| Furniture and vehicles | 24 | €15,888 | €12,921 | -€2,968 | -18.7% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100% |
| Current assets | 29/58 | €62,622 | €53,298 | -€9,324 | -14.9% |
| Stocks and contracts in progress | 3 | €45,202 | €33,453 | -€11,749 | -26.0% |
| Stocks | 30/36 | €45,202 | €33,453 | -€11,749 | -26.0% |
| Amounts receivable within one year | 40/41 | €10,543 | €5,953 | -€4,590 | -43.5% |
| Trade receivables | 40 | €9,662 | €4,972 | -€4,690 | -48.5% |
| Other amounts receivable | 41 | €881 | €981 | +€100 | +11.3% |
| Cash at bank and in hand | 54/58 | €5,657 | €12,501 | +€6,844 | +121% |
| Deferred charges and accrued income | 490/1 | €1,220 | €1,392 | +€172 | +14.1% |
| Total equity and liabilities | 10/49 | €127,317 | €119,593 | -€7,724 | -6.1% |
| Equity | 10/15 | -€3,098 | €1,892 | +€4,990 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,098 | -€18,108 | +€4,990 | +21.6% |
| Amounts payable | 17/49 | €130,415 | €117,701 | -€12,714 | -9.7% |
| Amounts payable after more than one year | 17 | €50,875 | €37,854 | -€13,020 | -25.6% |
| Financial debts | 170/4 | €50,875 | €37,854 | -€13,020 | -25.6% |
| Amounts payable within one year | 42/48 | €79,541 | €79,847 | +€306 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €22,926 | €13,020 | -€9,905 | -43.2% |
| Financial debts | 43 | €1,197 | €2,546 | +€1,349 | +113% |
| Credit institutions | 430/8 | €1,197 | €2,546 | +€1,349 | +113% |
| Trade debts | 44 | €19,173 | €11,247 | -€7,926 | -41.3% |
| Suppliers | 440/4 | €19,173 | €11,247 | -€7,926 | -41.3% |
| Taxes, remuneration and social security | 45 | €15,766 | €25,646 | +€9,880 | +62.7% |
| Taxes | 450/3 | €10,643 | €18,900 | +€8,257 | +77.6% |
| Remuneration and social security | 454/9 | €5,123 | €6,746 | +€1,623 | +31.7% |
| Other amounts payable | 47/48 | €20,479 | €27,388 | +€6,908 | +33.7% |
| Remuneration, social security and pensions | 62 | €38,287 | €51,392 | +€13,104 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,877 | €15,090 | +€2,212 | +17.2% |
| Other operating charges | 640/8 | €904 | €1,344 | +€439 | +48.6% |
| Gross operating margin | 9900 | €74,855 | €81,624 | +€6,769 | +9.0% |
| Operating profit (loss) | 9901 | €22,786 | €13,799 | -€8,987 | -39.4% |
| Financial income | 75/76B | €145 | €168 | +€23 | +16.2% |
| Recurring financial income | 75 | €145 | €168 | +€23 | +16.2% |
| Financial charges | 65/66B | €5,939 | €4,596 | -€1,343 | -22.6% |
| Recurring financial charges | 65 | €5,939 | €4,596 | -€1,343 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €16,992 | €9,371 | -€7,620 | -44.8% |
| Income taxes | 67/77 | €1,349 | €4,381 | +€3,032 | +225% |
| Profit (loss) for the period | 9904 | €15,643 | €4,990 | -€10,653 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,643 | €4,990 | -€10,653 | -68.1% |
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 3 November 2026 via checked.be.