ATELIER WATT: what changed
ATELIER WATT
Largest movements
- Tangible fixed assets -€12,075
down €12,075 (-31.0%), from €38,915 to €26,840
of which Plant, machinery and equipment: -€9,209
- Cash -€8,364
down €8,364 (-83.5%), from €10,014 to €1,650
mainly Net result for the year (-€17,901) and Other debts (-€4,349)
- Receivables within one year -€6,277
down €6,277 (-81.8%), from €7,675 to €1,398
of which Trade receivables: -€6,012
- Stocks and contracts +€3,816
up €3,816 (+103%), from €3,716 to €7,532
of which Contracts in progress: +€2,214
- Profit (loss) carried forward -€17,873
down €17,873, from €9,716 to -€8,157
- Other debts -€4,349
down €4,349 (-12.9%), from €33,614 to €29,265
- Trade debts +€3,360
up €3,360 (+81.6%), from €4,119 to €7,479
- Tax, wage and social debts -€2,166
down €2,166 (-43.1%), from €5,024 to €2,858
- Current portion of long-term debt -€1,451
no longer reported in 2025 (was €1,451)
- Gross operating margin -€17,023
down €17,023, from €12,290 to -€4,733
- Depreciation -€2,926
down €2,926 (-19.5%), from €15,001 to €12,075
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 | €60,545 | €37,645 | -€22,900 | -37.8% |
| Fixed assets | 21/28 | €39,140 | €27,065 | -€12,075 | -30.9% |
| Tangible fixed assets | 22/27 | €38,915 | €26,840 | -€12,075 | -31.0% |
| Plant, machinery and equipment | 23 | €33,926 | €24,717 | -€9,209 | -27.1% |
| Furniture and vehicles | 24 | €4,989 | €2,123 | -€2,866 | -57.4% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €21,405 | €10,580 | -€10,825 | -50.6% |
| Stocks and contracts in progress | 3 | €3,716 | €7,532 | +€3,816 | +103% |
| Stocks | 30/36 | €3,716 | €5,318 | +€1,602 | +43.1% |
| Contracts in progress | 37 | - | €2,214 | +€2,214 | |
| Amounts receivable within one year | 40/41 | €7,675 | €1,398 | -€6,277 | -81.8% |
| Trade receivables | 40 | €7,377 | €1,365 | -€6,012 | -81.5% |
| Other amounts receivable | 41 | €298 | €32 | -€265 | -89.2% |
| Cash at bank and in hand | 54/58 | €10,014 | €1,650 | -€8,364 | -83.5% |
| Total equity and liabilities | 10/49 | €60,545 | €37,645 | -€22,900 | -37.8% |
| Equity | 10/15 | €15,943 | -€1,957 | -€17,901 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28 | - | -€28 | |
| Distributable reserves | 133 | €28 | - | -€28 | |
| Profit (loss) carried forward | 14 | €9,716 | -€8,157 | -€17,873 | |
| Amounts payable | 17/49 | €44,601 | €39,602 | -€4,999 | -11.2% |
| Amounts payable within one year | 42/48 | €44,208 | €39,602 | -€4,606 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €1,451 | - | -€1,451 | |
| Trade debts | 44 | €4,119 | €7,479 | +€3,360 | +81.6% |
| Suppliers | 440/4 | €4,119 | €7,479 | +€3,360 | +81.6% |
| Taxes, remuneration and social security | 45 | €5,024 | €2,858 | -€2,166 | -43.1% |
| Taxes | 450/3 | €5,024 | €2,858 | -€2,166 | -43.1% |
| Other amounts payable | 47/48 | €33,614 | €29,265 | -€4,349 | -12.9% |
| Accrued charges and deferred income | 492/3 | €393 | - | -€393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,001 | €12,075 | -€2,926 | -19.5% |
| Other operating charges | 640/8 | €900 | €853 | -€47 | -5.2% |
| Gross operating margin | 9900 | €12,290 | -€4,733 | -€17,023 | |
| Operating profit (loss) | 9901 | -€3,611 | -€17,660 | -€14,050 | -389% |
| Financial income | 75/76B | €18 | €13 | -€4 | -23.5% |
| Recurring financial income | 75 | €18 | €13 | -€4 | -23.5% |
| Financial charges | 65/66B | €274 | €254 | -€20 | -7.4% |
| Recurring financial charges | 65 | €274 | €254 | -€20 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,867 | -€17,901 | -€14,034 | -363% |
| Transfer from deferred taxes | 780 | €121 | - | -€121 | |
| Profit (loss) for the period | 9904 | -€3,746 | -€17,901 | -€14,154 | -378% |
| Transfer from tax-exempt reserves | 789 | €483 | - | -€483 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,263 | -€17,901 | -€14,638 | -449% |
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 4 November 2026 via checked.be.