Ateliers de Baere: 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 de Baere
Largest movements
- Receivables within one year +€69,832
up €69,832 (+52.3%), from €133,408 to €203,240
- Tangible fixed assets +€38,458
up €38,458 (+99.0%), from €38,838 to €77,296
of which Other tangible fixed assets: +€36,210
- Cash -€2,942
down €2,942 (-67.0%), from €4,392 to €1,450
mainly Receivables within one year (-€69,832) and Investment in fixed assets (net) (-€45,340)
- Other debts +€58,143
up €58,143 (+367%), from €15,861 to €74,004
- Reserves +€33,277
up €33,277 (+60.0%), from €55,500 to €88,777
- Tax, wage and social debts +€22,378
up €22,378 (+177%), from €12,661 to €35,039
of which Taxes: +€23,378
- Trade debts -€8,850
down €8,850 (-97.0%), from €9,119 to €269
- Gross operating margin -€46,277
down €46,277 (-44.3%), from €104,392 to €58,115
- Taxes +€10,234
up €10,234 (+146%), from €7,018 to €17,251
- Depreciation +€1,253
up €1,253 (+22.3%), from €5,629 to €6,882
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 | €176,638 | €281,986 | +€105,348 | +59.6% |
| Fixed assets | 21/28 | €38,838 | €77,296 | +€38,458 | +99.0% |
| Tangible fixed assets | 22/27 | €38,838 | €77,296 | +€38,458 | +99.0% |
| Plant, machinery and equipment | 23 | €7,365 | €6,440 | -€925 | -12.6% |
| Furniture and vehicles | 24 | €5,941 | €9,113 | +€3,172 | +53.4% |
| Other tangible fixed assets | 26 | €25,532 | €61,742 | +€36,210 | +142% |
| Current assets | 29/58 | €137,800 | €204,690 | +€66,890 | +48.5% |
| Amounts receivable within one year | 40/41 | €133,408 | €203,240 | +€69,832 | +52.3% |
| Trade receivables | 40 | €133,408 | €203,240 | +€69,832 | +52.3% |
| Cash at bank and in hand | 54/58 | €4,392 | €1,450 | -€2,942 | -67.0% |
| Total equity and liabilities | 10/49 | €176,638 | €281,986 | +€105,348 | +59.6% |
| Equity | 10/15 | €138,613 | €171,890 | +€33,277 | +24.0% |
| Contributions | 10/11 | €83,065 | €83,065 | = | 0.0% |
| Reserves | 13 | €55,500 | €88,777 | +€33,277 | +60.0% |
| Distributable reserves | 133 | €55,500 | €88,777 | +€33,277 | +60.0% |
| Profit (loss) carried forward | 14 | €48 | €48 | = | 0.0% |
| Amounts payable | 17/49 | €38,025 | €110,096 | +€72,071 | +190% |
| Amounts payable within one year | 42/48 | €37,640 | €109,311 | +€71,671 | +190% |
| Trade debts | 44 | €9,119 | €269 | -€8,850 | -97.0% |
| Suppliers | 440/4 | €9,119 | €269 | -€8,850 | -97.0% |
| Taxes, remuneration and social security | 45 | €12,661 | €35,039 | +€22,378 | +177% |
| Taxes | 450/3 | €11,661 | €35,039 | +€23,378 | +200% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €15,861 | €74,004 | +€58,143 | +367% |
| Accrued charges and deferred income | 492/3 | €384 | €784 | +€400 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,629 | €6,882 | +€1,253 | +22.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €104,392 | €58,115 | -€46,277 | -44.3% |
| Operating profit (loss) | 9901 | €98,376 | €50,833 | -€47,543 | -48.3% |
| Financial charges | 65/66B | €176 | €305 | +€129 | +73.5% |
| Recurring financial charges | 65 | €176 | €305 | +€129 | +73.5% |
| Profit (loss) for the period before taxes | 9903 | €98,200 | €50,528 | -€47,672 | -48.5% |
| Income taxes | 67/77 | €7,018 | €17,251 | +€10,234 | +146% |
| Profit (loss) for the period | 9904 | €91,183 | €33,277 | -€57,906 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €91,183 | €33,277 | -€57,906 | -63.5% |
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 27 October 2026 via checked.be.