Atelier V.O.: 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 V.O.
Largest movements
- Current investments +€59,463
up €59,463 (+119%), from €50,000 to €109,463
- Cash -€27,046
down €27,046 (-39.0%), from €69,353 to €42,307
mainly Current investments (-€59,463) and Contributions, distributions and other (-€6,198)
- Tangible fixed assets -€2,832
down €2,832 (-64.3%), from €4,406 to €1,574
of which Furniture and vehicles: -€1,516
- Deferred charges and accrued income +€2,632
up €2,632 (+3,499%), from €75 to €2,708
- Reserves +€27,500
up €27,500 (+26.6%), from €103,362 to €130,862
of which Distributable reserves: +€27,500
- Tax, wage and social debts +€4,399
up €4,399 (+113%), from €3,905 to €8,304
- Gross operating margin +€14,853
up €14,853 (+40.6%), from €36,628 to €51,481
- Taxes +€5,607
up €5,607 (+53.1%), from €10,557 to €16,164
- Financial income +€2,285
up €2,285 (+568%), from €402 to €2,687
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 | €133,719 | €165,493 | +€31,774 | +23.8% |
| Fixed assets | 21/28 | €4,406 | €1,574 | -€2,832 | -64.3% |
| Tangible fixed assets | 22/27 | €4,406 | €1,574 | -€2,832 | -64.3% |
| Land and buildings | 22 | €1,962 | €646 | -€1,317 | -67.1% |
| Furniture and vehicles | 24 | €2,443 | €928 | -€1,516 | -62.0% |
| Current assets | 29/58 | €129,313 | €163,919 | +€34,606 | +26.8% |
| Stocks and contracts in progress | 3 | €5,912 | €6,495 | +€583 | +9.9% |
| Stocks | 30/36 | €5,912 | €6,495 | +€583 | +9.9% |
| Amounts receivable within one year | 40/41 | €3,972 | €2,946 | -€1,026 | -25.8% |
| Trade receivables | 40 | €3,972 | €2,946 | -€1,026 | -25.8% |
| Current investments | 50/53 | €50,000 | €109,463 | +€59,463 | +119% |
| Cash at bank and in hand | 54/58 | €69,353 | €42,307 | -€27,046 | -39.0% |
| Deferred charges and accrued income | 490/1 | €75 | €2,708 | +€2,632 | +3,499% |
| Total equity and liabilities | 10/49 | €133,719 | €165,493 | +€31,774 | +23.8% |
| Equity | 10/15 | €121,537 | €149,037 | +€27,500 | +22.6% |
| Contributions | 10/11 | €8,700 | €8,700 | = | 0.0% |
| Reserves | 13 | €103,362 | €130,862 | +€27,500 | +26.6% |
| Non-distributable reserves | 130/1 | €1,459 | €1,459 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,459 | €1,459 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,204 | €3,204 | = | 0.0% |
| Distributable reserves | 133 | €98,699 | €126,199 | +€27,500 | +27.9% |
| Profit (loss) carried forward | 14 | €9,475 | €9,475 | = | 0.0% |
| Amounts payable | 17/49 | €12,182 | €16,456 | +€4,274 | +35.1% |
| Amounts payable within one year | 42/48 | €12,182 | €15,746 | +€3,564 | +29.3% |
| Trade debts | 44 | €235 | €668 | +€434 | +185% |
| Suppliers | 440/4 | €235 | €668 | +€434 | +185% |
| Taxes, remuneration and social security | 45 | €3,905 | €8,304 | +€4,399 | +113% |
| Taxes | 450/3 | €3,905 | €8,304 | +€4,399 | +113% |
| Other amounts payable | 47/48 | €8,042 | €6,774 | -€1,268 | -15.8% |
| Accrued charges and deferred income | 492/3 | - | €710 | +€710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,852 | €2,832 | -€19 | -0.7% |
| Other operating charges | 640/8 | €604 | €472 | -€132 | -21.9% |
| Gross operating margin | 9900 | €36,628 | €51,481 | +€14,853 | +40.6% |
| Operating profit (loss) | 9901 | €33,173 | €48,177 | +€15,004 | +45.2% |
| Financial income | 75/76B | €402 | €2,687 | +€2,285 | +568% |
| Recurring financial income | 75 | €402 | €2,687 | +€2,285 | +568% |
| Financial charges | 65/66B | €738 | €1,002 | +€264 | +35.7% |
| Recurring financial charges | 65 | €738 | €1,002 | +€264 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €32,837 | €49,863 | +€17,026 | +51.9% |
| Income taxes | 67/77 | €10,557 | €16,164 | +€5,607 | +53.1% |
| Profit (loss) for the period | 9904 | €22,280 | €33,699 | +€11,419 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,280 | €33,699 | +€11,419 | +51.3% |
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 22 October 2026 via checked.be.