AtelierN5N6: 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.
What changed
AtelierN5N6
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€118,487
2024 · €104,131+€14,355
Equity
€792,560
2024 · €674,073+€118,487
Cash
€203,457
2024 · €160,221+€43,236
Balance sheet total
€6.2m
2024 · €6.5m-€243,684
Largest movements
Assets
- Tangible fixed assets -€278,316
down €278,316 (-4.5%), from €6.2m to €5.9m
Equity and liabilities
- Debts after one year -€373,639
down €373,639 (-7.0%), from €5.3m to €4.9m
- Profit (loss) carried forward +€118,487
up €118,487 (+68.1%), from €174,073 to €292,560
Income statement
- Gross operating margin +€15,962
up €15,962 (+3.0%), from €524,495 to €540,457
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.
Result 2024
€104,131
Gross operating margin
+€15,962
Depreciation
-€1,735
Other operating charges
-€448
Financial income
-€13
Financial charges
+€1,930
Taxes
-€1,340
Result 2025
€118,487
raises the resultlowers the result
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.
From operations
+€422,167
Investment
-€6,292
Financing
-€372,639
Cash 2024
€160,221
From operations (derived)
+€422,167
Net result for the year
+€118,487
Depreciation
+€284,608
Receivables within one year
-€6,362
Deferred charges and accrued income
+€14,967
Trade debts
+€1,375
Tax, wage and social debts
+€11,809
Other debts
-€2,716
Investment (derived)
-€6,292
Investment in fixed assets (net)
-€6,292
Financing
-€372,639
Debts after one year
-€373,639
Current portion of long-term debt
+€1,000
Cash 2025
€203,457
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,452,332 | €6,208,647 | -€243,684 | -3.8% |
| Fixed assets | 21/28 | €6,216,465 | €5,938,150 | -€278,316 | -4.5% |
| Tangible fixed assets | 22/27 | €6,216,465 | €5,938,150 | -€278,316 | -4.5% |
| Land and buildings | 22 | €6,216,465 | €5,938,150 | -€278,316 | -4.5% |
| Current assets | 29/58 | €235,866 | €270,498 | +€34,631 | +14.7% |
| Amounts receivable within one year | 40/41 | €58,697 | €65,059 | +€6,362 | +10.8% |
| Trade receivables | 40 | €58,697 | €65,059 | +€6,362 | +10.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €208 | €208 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €160,221 | €203,457 | +€43,236 | +27.0% |
| Deferred charges and accrued income | 490/1 | €16,740 | €1,773 | -€14,967 | -89.4% |
| Total equity and liabilities | 10/49 | €6,452,332 | €6,208,647 | -€243,684 | -3.8% |
| Equity | 10/15 | €674,073 | €792,560 | +€118,487 | +17.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,073 | €292,560 | +€118,487 | +68.1% |
| Amounts payable | 17/49 | €5,778,258 | €5,416,087 | -€362,171 | -6.3% |
| Amounts payable after more than one year | 17 | €5,322,778 | €4,949,139 | -€373,639 | -7.0% |
| Financial debts | 170/4 | €5,322,778 | €4,949,139 | -€373,639 | -7.0% |
| Amounts payable within one year | 42/48 | €455,480 | €466,949 | +€11,468 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €399,009 | €400,009 | +€1,000 | +0.3% |
| Trade debts | 44 | €288 | €1,663 | +€1,375 | +478% |
| Suppliers | 440/4 | €288 | €1,663 | +€1,375 | +478% |
| Taxes, remuneration and social security | 45 | €53,468 | €65,277 | +€11,809 | +22.1% |
| Taxes | 450/3 | €53,468 | €65,277 | +€11,809 | +22.1% |
| Other amounts payable | 47/48 | €2,716 | €0 | -€2,716 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282,873 | €284,608 | +€1,735 | +0.6% |
| Other operating charges | 640/8 | €1,216 | €1,664 | +€448 | +36.9% |
| Gross operating margin | 9900 | €524,495 | €540,457 | +€15,962 | +3.0% |
| Operating profit (loss) | 9901 | €240,407 | €254,186 | +€13,779 | +5.7% |
| Financial income | 75/76B | €23 | €11 | -€13 | -54.6% |
| Recurring financial income | 75 | €23 | €11 | -€13 | -54.6% |
| Financial charges | 65/66B | €93,896 | €91,966 | -€1,930 | -2.1% |
| Recurring financial charges | 65 | €93,896 | €91,966 | -€1,930 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €146,534 | €162,230 | +€15,696 | +10.7% |
| Income taxes | 67/77 | €42,403 | €43,743 | +€1,340 | +3.2% |
| Profit (loss) for the period | 9904 | €104,131 | €118,487 | +€14,355 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €104,131 | €118,487 | +€14,355 | +13.8% |
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 16 October 2026 via checked.be.