ATELIERS ARSENI: 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.
ATELIERS ARSENI
Largest movements
- Receivables within one year -€208,126
down €208,126 (-73.9%), from €281,717 to €73,591
of which Trade receivables: -€235,914
- Cash +€171,720
up €171,720 (+1,298%), from €13,235 to €184,955
mainly Receivables within one year (+€208,126) and Trade debts (+€45,286)
- Tangible fixed assets +€64,118
up €64,118 (+48.4%), from €132,515 to €196,633
of which Plant, machinery and equipment: +€63,840
- Stocks and contracts +€17,181
up €17,181 (+10.2%), from €169,174 to €186,354
- Trade debts +€45,286
up €45,286 (+92.7%), from €48,866 to €94,152
- Tax, wage and social debts -€37,879
down €37,879 (-75.0%), from €50,527 to €12,648
of which Taxes: -€31,237
- Debts after one year +€28,714
up €28,714 (+118%), from €24,408 to €53,121
- Reserves +€27,647
up €27,647 (+31.0%), from €89,310 to €116,957
- Other debts -€21,187
down €21,187 (-6.9%), from €306,497 to €285,309
- Taxes -€14,501
down €14,501 (-91.7%), from €15,811 to €1,310
- Write-downs +€10,466
new in 2025: €10,466
- Staff costs +€8,048
up €8,048 (+7.0%), from €115,205 to €123,253
- Depreciation +€6,143
up €6,143 (+23.7%), from €25,926 to €32,068
- Gross operating margin +€4,555
up €4,555 (+2.3%), from €196,808 to €201,363
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 | €597,954 | €647,328 | +€49,374 | +8.3% |
| Fixed assets | 21/28 | €133,829 | €201,477 | +€67,648 | +50.5% |
| Tangible fixed assets | 22/27 | €132,515 | €196,633 | +€64,118 | +48.4% |
| Land and buildings | 22 | €53,267 | €51,562 | -€1,705 | -3.2% |
| Plant, machinery and equipment | 23 | €30,861 | €94,701 | +€63,840 | +207% |
| Furniture and vehicles | 24 | €43,887 | €48,650 | +€4,762 | +10.9% |
| Other tangible fixed assets | 26 | €4,500 | €1,720 | -€2,780 | -61.8% |
| Financial fixed assets | 28 | €1,314 | €4,844 | +€3,530 | +269% |
| Current assets | 29/58 | €464,125 | €445,851 | -€18,274 | -3.9% |
| Stocks and contracts in progress | 3 | €169,174 | €186,354 | +€17,181 | +10.2% |
| Stocks | 30/36 | €169,174 | €186,354 | +€17,181 | +10.2% |
| Amounts receivable within one year | 40/41 | €281,717 | €73,591 | -€208,126 | -73.9% |
| Trade receivables | 40 | €262,967 | €27,053 | -€235,914 | -89.7% |
| Other amounts receivable | 41 | €18,750 | €46,538 | +€27,788 | +148% |
| Cash at bank and in hand | 54/58 | €13,235 | €184,955 | +€171,720 | +1,298% |
| Deferred charges and accrued income | 490/1 | - | €952 | +€952 | |
| Total equity and liabilities | 10/49 | €597,954 | €647,328 | +€49,374 | +8.3% |
| Equity | 10/15 | €125,623 | €147,856 | +€22,233 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,310 | €116,957 | +€27,647 | +31.0% |
| Distributable reserves | 133 | €89,310 | €116,957 | +€27,647 | +31.0% |
| Profit (loss) carried forward | 14 | €3,762 | €3,762 | = | 0.0% |
| Investment grants | 15 | €13,952 | €8,538 | -€5,414 | -38.8% |
| Amounts payable | 17/49 | €472,331 | €499,472 | +€27,141 | +5.7% |
| Amounts payable after more than one year | 17 | €24,408 | €53,121 | +€28,714 | +118% |
| Financial debts | 170/4 | €24,408 | €53,121 | +€28,714 | +118% |
| Amounts payable within one year | 42/48 | €447,923 | €446,350 | -€1,573 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €28,746 | €40,953 | +€12,207 | +42.5% |
| Trade debts | 44 | €48,866 | €94,152 | +€45,286 | +92.7% |
| Suppliers | 440/4 | €48,866 | €94,152 | +€45,286 | +92.7% |
| Advances received on contracts in progress | 46 | €13,289 | €13,289 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €50,527 | €12,648 | -€37,879 | -75.0% |
| Taxes | 450/3 | €33,737 | €2,500 | -€31,237 | -92.6% |
| Remuneration and social security | 454/9 | €16,790 | €10,148 | -€6,642 | -39.6% |
| Other amounts payable | 47/48 | €306,497 | €285,309 | -€21,187 | -6.9% |
| Remuneration, social security and pensions | 62 | €115,205 | €123,253 | +€8,048 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,926 | €32,068 | +€6,143 | +23.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,466 | +€10,466 | |
| Other operating charges | 640/8 | €5,962 | €5,745 | -€217 | -3.6% |
| Gross operating margin | 9900 | €196,808 | €201,363 | +€4,555 | +2.3% |
| Operating profit (loss) | 9901 | €49,716 | €29,831 | -€19,884 | -40.0% |
| Financial income | 75/76B | €14 | €104 | +€90 | +636% |
| Recurring financial income | 75 | €14 | €104 | +€90 | +636% |
| Financial charges | 65/66B | €1,819 | €978 | -€841 | -46.2% |
| Recurring financial charges | 65 | €1,819 | €978 | -€841 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €47,911 | €28,957 | -€18,954 | -39.6% |
| Income taxes | 67/77 | €15,811 | €1,310 | -€14,501 | -91.7% |
| Profit (loss) for the period | 9904 | €32,100 | €27,647 | -€4,453 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,100 | €27,647 | -€4,453 | -13.9% |
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 18 October 2026 via checked.be.