Atelier Troef: 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 Troef
Largest movements
- Receivables within one year -€25,398
down €25,398 (-54.4%), from €46,715 to €21,317
of which Other amounts receivable: -€18,523
- Tangible fixed assets +€23,319
up €23,319 (+24.9%), from €93,635 to €116,953
of which Furniture and vehicles: +€16,636
- Profit (loss) carried forward -€19,903
down €19,903 (-100%), from €19,903 to €0
- Reserves +€16,250
new in 2025: €16,250
- Debts after one year -€11,128
down €11,128 (-15.9%), from €70,026 to €58,898
of which Other amounts payable: -€12,800
- Current portion of long-term debt +€5,108
up €5,108 (+32.8%), from €15,586 to €20,694
- Other debts +€5,000
up €5,000, from €0 to €5,000
- Gross operating margin -€26,375
down €26,375 (-50.8%), from €51,941 to €25,566
- Depreciation +€2,843
up €2,843 (+15.3%), from €18,548 to €21,391
- Financial charges +€632
up €632 (+54.7%), from €1,155 to €1,787
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 | €158,687 | €155,822 | -€2,864 | -1.8% |
| Fixed assets | 21/28 | €94,462 | €116,953 | +€22,491 | +23.8% |
| Intangible fixed assets | 21 | €828 | €0 | -€828 | -100% |
| Tangible fixed assets | 22/27 | €93,635 | €116,953 | +€23,319 | +24.9% |
| Furniture and vehicles | 24 | €4,658 | €21,295 | +€16,636 | +357% |
| Leasing and similar rights | 25 | €8,732 | €4,841 | -€3,892 | -44.6% |
| Other tangible fixed assets | 26 | €80,244 | €90,818 | +€10,574 | +13.2% |
| Current assets | 29/58 | €64,224 | €38,869 | -€25,355 | -39.5% |
| Stocks and contracts in progress | 3 | €11,906 | €11,299 | -€607 | -5.1% |
| Stocks | 30/36 | €11,906 | €11,299 | -€607 | -5.1% |
| Amounts receivable within one year | 40/41 | €46,715 | €21,317 | -€25,398 | -54.4% |
| Trade receivables | 40 | €24,951 | €18,076 | -€6,875 | -27.6% |
| Other amounts receivable | 41 | €21,764 | €3,241 | -€18,523 | -85.1% |
| Cash at bank and in hand | 54/58 | €5,055 | €5,492 | +€437 | +8.6% |
| Deferred charges and accrued income | 490/1 | €548 | €761 | +€214 | +39.0% |
| Total equity and liabilities | 10/49 | €158,687 | €155,822 | -€2,864 | -1.8% |
| Equity | 10/15 | €69,903 | €66,250 | -€3,653 | -5.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €16,250 | +€16,250 | |
| Distributable reserves | 133 | - | €16,250 | +€16,250 | |
| Profit (loss) carried forward | 14 | €19,903 | €0 | -€19,903 | -100% |
| Amounts payable | 17/49 | €88,784 | €89,572 | +€789 | +0.9% |
| Amounts payable after more than one year | 17 | €70,026 | €58,898 | -€11,128 | -15.9% |
| Financial debts | 170/4 | €46,426 | €48,098 | +€1,672 | +3.6% |
| Other amounts payable | 178/9 | €23,600 | €10,800 | -€12,800 | -54.2% |
| Amounts payable within one year | 42/48 | €18,758 | €30,374 | +€11,616 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €15,586 | €20,694 | +€5,108 | +32.8% |
| Trade debts | 44 | €185 | €956 | +€772 | +418% |
| Suppliers | 440/4 | €185 | €956 | +€772 | +418% |
| Taxes, remuneration and social security | 45 | €2,988 | €3,724 | +€737 | +24.7% |
| Taxes | 450/3 | €2,988 | €3,724 | +€737 | +24.7% |
| Other amounts payable | 47/48 | €0 | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,548 | €21,391 | +€2,843 | +15.3% |
| Other operating charges | 640/8 | €819 | €1,151 | +€332 | +40.5% |
| Gross operating margin | 9900 | €51,941 | €25,566 | -€26,375 | -50.8% |
| Operating profit (loss) | 9901 | €32,574 | €3,024 | -€29,550 | -90.7% |
| Financial income | 75/76B | €2 | €209 | +€207 | +10,317% |
| Recurring financial income | 75 | €2 | €209 | +€207 | +10,317% |
| Financial charges | 65/66B | €1,155 | €1,787 | +€632 | +54.7% |
| Recurring financial charges | 65 | €1,155 | €1,787 | +€632 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | €31,422 | €1,447 | -€29,975 | -95.4% |
| Income taxes | 67/77 | - | €100 | +€100 | |
| Profit (loss) for the period | 9904 | €31,422 | €1,347 | -€30,075 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,422 | €1,347 | -€30,075 | -95.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.