Atelier Penha: what changed
What changed
Atelier Penha
NACE 31.004, Manufacture of dining room, living room, bedroom and bathroom furniture
filed annual accounts (NBB)
Net result for the year
€11,603
2024 · €12,507-€904
Equity
€46,853
2024 · €35,250+€11,603
Cash
€32,306
2024 · €17,641+€14,665
Balance sheet total
€135,480
2024 · €129,602+€5,877
Largest movements
Assets
- Tangible fixed assets -€18,601
down €18,601 (-25.8%), from €72,174 to €53,573
of which Leasing and similar rights: -€16,500
- Cash +€14,665
up €14,665 (+83.1%), from €17,641 to €32,306
mainly Depreciation (+€20,714) and Trade debts (+€16,830)
- Receivables within one year +€10,886
up €10,886 (+39.9%), from €27,264 to €38,150
of which Other amounts receivable: +€19,394
Equity and liabilities
- Trade debts +€16,830
up €16,830 (+86.3%), from €19,500 to €36,330
- Debts after one year -€16,004
down €16,004 (-35.1%), from €45,553 to €29,549
- Profit (loss) carried forward +€11,603
new in 2025: €11,603
- Other debts -€6,946
down €6,946 (-100%), from €6,946 to €0
Income statement
- Gross operating margin -€22,353
down €22,353 (-35.8%), from €62,472 to €40,119
- Other operating charges -€21,725
down €21,725 (-96.5%), from €22,510 to €785
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.
Result 2024
€12,507
Gross operating margin
-€22,353
Depreciation
-€379
Other operating charges
+€21,725
Financial income
+€207
Financial charges
-€488
Taxes
+€383
Result 2025
€11,603
raises the resultlowers the result
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.
From operations
+€32,066
Investment
-€2,113
Financing
-€15,288
Cash 2024
€17,641
From operations (derived)
+€32,066
Net result for the year
+€11,603
Depreciation
+€20,714
Stocks and contracts
+€1,073
Receivables within one year
-€10,886
Trade debts
+€16,830
Tax, wage and social debts
-€322
Other debts
-€6,946
Investment (derived)
-€2,113
Investment in fixed assets (net)
-€2,113
Financing
-€15,288
Debts after one year
-€16,004
Current portion of long-term debt
+€716
Cash 2025
€32,306
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,602 | €135,480 | +€5,877 | +4.5% |
| Fixed assets | 21/28 | €72,174 | €53,573 | -€18,601 | -25.8% |
| Tangible fixed assets | 22/27 | €72,174 | €53,573 | -€18,601 | -25.8% |
| Plant, machinery and equipment | 23 | €7,073 | €6,278 | -€795 | -11.2% |
| Furniture and vehicles | 24 | €1,404 | €542 | -€863 | -61.4% |
| Leasing and similar rights | 25 | €57,750 | €41,250 | -€16,500 | -28.6% |
| Other tangible fixed assets | 26 | €5,946 | €5,503 | -€443 | -7.5% |
| Current assets | 29/58 | €57,429 | €81,907 | +€24,478 | +42.6% |
| Stocks and contracts in progress | 3 | €12,524 | €11,451 | -€1,073 | -8.6% |
| Stocks | 30/36 | €12,524 | €11,451 | -€1,073 | -8.6% |
| Amounts receivable within one year | 40/41 | €27,264 | €38,150 | +€10,886 | +39.9% |
| Trade receivables | 40 | €13,977 | €5,469 | -€8,508 | -60.9% |
| Other amounts receivable | 41 | €13,287 | €32,681 | +€19,394 | +146% |
| Cash at bank and in hand | 54/58 | €17,641 | €32,306 | +€14,665 | +83.1% |
| Total equity and liabilities | 10/49 | €129,602 | €135,480 | +€5,877 | +4.5% |
| Equity | 10/15 | €35,250 | €46,853 | +€11,603 | +32.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €32,250 | €32,250 | = | 0.0% |
| Distributable reserves | 133 | €32,250 | €32,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €11,603 | +€11,603 | |
| Amounts payable | 17/49 | €94,352 | €88,627 | -€5,725 | -6.1% |
| Amounts payable after more than one year | 17 | €45,553 | €29,549 | -€16,004 | -35.1% |
| Financial debts | 170/4 | €45,553 | €29,549 | -€16,004 | -35.1% |
| Amounts payable within one year | 42/48 | €48,799 | €59,078 | +€10,279 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €15,288 | €16,004 | +€716 | +4.7% |
| Trade debts | 44 | €19,500 | €36,330 | +€16,830 | +86.3% |
| Suppliers | 440/4 | €19,500 | €36,330 | +€16,830 | +86.3% |
| Taxes, remuneration and social security | 45 | €7,065 | €6,743 | -€322 | -4.6% |
| Taxes | 450/3 | €7,065 | €6,743 | -€322 | -4.6% |
| Other amounts payable | 47/48 | €6,946 | €0 | -€6,946 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,335 | €20,714 | +€379 | +1.9% |
| Other operating charges | 640/8 | €22,510 | €785 | -€21,725 | -96.5% |
| Gross operating margin | 9900 | €62,472 | €40,119 | -€22,353 | -35.8% |
| Operating profit (loss) | 9901 | €19,627 | €18,620 | -€1,007 | -5.1% |
| Financial income | 75/76B | €0 | €207 | +€207 | +1,036,550% |
| Recurring financial income | 75 | €0 | €207 | +€207 | +1,036,550% |
| Financial charges | 65/66B | €3,557 | €4,045 | +€488 | +13.7% |
| Recurring financial charges | 65 | €3,557 | €4,045 | +€488 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €16,070 | €14,783 | -€1,287 | -8.0% |
| Income taxes | 67/77 | €3,563 | €3,180 | -€383 | -10.8% |
| Profit (loss) for the period | 9904 | €12,507 | €11,603 | -€904 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,507 | €11,603 | -€904 | -7.2% |
Next steps
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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 8 November 2026 via checked.be.