ATELJEE V&G: 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.
ATELJEE V&G
Largest movements
- Deferred charges and accrued income +€182,389
up €182,389 (+2,761%), from €6,605 to €188,994
- Tangible fixed assets +€102,800
up €102,800 (+8.8%), from €1.2m to €1.3m
of which Plant, machinery and equipment: +€107,172
- Receivables within one year +€86,501
up €86,501 (+119%), from €72,659 to €159,160
of which Trade receivables: +€63,280
- Cash +€64,675
up €64,675 (+29.1%), from €222,448 to €287,123
mainly Net result for the year (+€235,899) and Depreciation (+€126,651)
- Reserves +€212,369
up €212,369 (+103%), from €205,825 to €418,194
- Trade debts +€117,103
up €117,103 (+88.1%), from €132,899 to €250,002
- Advances received +€70,592
new in 2025: €70,592
- Current portion of long-term debt +€49,993
up €49,993 (+61.8%), from €80,876 to €130,869
- Gross operating margin +€220,925
up €220,925 (+53.8%), from €410,805 to €631,730
- Taxes +€61,117
up €61,117 (+553%), from €11,047 to €72,164
- Depreciation -€54,407
down €54,407 (-30.0%), from €181,058 to €126,651
- Staff costs +€12,310
up €12,310 (+8.6%), from €143,430 to €155,740
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 | €1,532,631 | €1,970,748 | +€438,117 | +28.6% |
| Fixed assets | 21/28 | €1,167,378 | €1,269,222 | +€101,845 | +8.7% |
| Intangible fixed assets | 21 | €2,342 | €1,386 | -€956 | -40.8% |
| Tangible fixed assets | 22/27 | €1,164,786 | €1,267,586 | +€102,800 | +8.8% |
| Land and buildings | 22 | €675,707 | €660,354 | -€15,353 | -2.3% |
| Plant, machinery and equipment | 23 | €41,005 | €148,177 | +€107,172 | +261% |
| Furniture and vehicles | 24 | €23,076 | €96,787 | +€73,710 | +319% |
| Other tangible fixed assets | 26 | €424,997 | €362,268 | -€62,729 | -14.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €365,253 | €701,525 | +€336,272 | +92.1% |
| Stocks and contracts in progress | 3 | €63,540 | €66,248 | +€2,708 | +4.3% |
| Stocks | 30/36 | €63,540 | €66,248 | +€2,708 | +4.3% |
| Amounts receivable within one year | 40/41 | €72,659 | €159,160 | +€86,501 | +119% |
| Trade receivables | 40 | €65,225 | €128,505 | +€63,280 | +97.0% |
| Other amounts receivable | 41 | €7,434 | €30,655 | +€23,221 | +312% |
| Cash at bank and in hand | 54/58 | €222,448 | €287,123 | +€64,675 | +29.1% |
| Deferred charges and accrued income | 490/1 | €6,605 | €188,994 | +€182,389 | +2,761% |
| Total equity and liabilities | 10/49 | €1,532,631 | €1,970,748 | +€438,117 | +28.6% |
| Equity | 10/15 | €225,825 | €438,194 | +€212,369 | +94.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €205,825 | €418,194 | +€212,369 | +103% |
| Distributable reserves | 133 | €205,825 | €418,194 | +€212,369 | +103% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,306,806 | €1,532,554 | +€225,748 | +17.3% |
| Amounts payable after more than one year | 17 | €1,021,762 | €1,002,970 | -€18,792 | -1.8% |
| Financial debts | 170/4 | €1,021,762 | €1,002,970 | -€18,792 | -1.8% |
| Amounts payable within one year | 42/48 | €284,865 | €529,584 | +€244,719 | +85.9% |
| Current portion of amounts payable after more than one year | 42 | €80,876 | €130,869 | +€49,993 | +61.8% |
| Trade debts | 44 | €132,899 | €250,002 | +€117,103 | +88.1% |
| Suppliers | 440/4 | €132,899 | €250,002 | +€117,103 | +88.1% |
| Advances received on contracts in progress | 46 | - | €70,592 | +€70,592 | |
| Taxes, remuneration and social security | 45 | €50,388 | €59,740 | +€9,352 | +18.6% |
| Taxes | 450/3 | €13,004 | €36,289 | +€23,286 | +179% |
| Remuneration and social security | 454/9 | €37,385 | €23,451 | -€13,934 | -37.3% |
| Other amounts payable | 47/48 | €20,702 | €18,381 | -€2,321 | -11.2% |
| Accrued charges and deferred income | 492/3 | €179 | €0 | -€179 | -100% |
| Remuneration, social security and pensions | 62 | €143,430 | €155,740 | +€12,310 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,058 | €126,651 | -€54,407 | -30.0% |
| Other operating charges | 640/8 | €6,400 | €6,695 | +€295 | +4.6% |
| Gross operating margin | 9900 | €410,805 | €631,730 | +€220,925 | +53.8% |
| Operating profit (loss) | 9901 | €79,917 | €342,644 | +€262,727 | +329% |
| Financial income | 75/76B | €891 | €1,044 | +€153 | +17.1% |
| Recurring financial income | 75 | €891 | €1,044 | +€153 | +17.1% |
| Financial charges | 65/66B | €32,326 | €35,625 | +€3,299 | +10.2% |
| Recurring financial charges | 65 | €32,326 | €35,625 | +€3,299 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €48,482 | €308,063 | +€259,581 | +535% |
| Income taxes | 67/77 | €11,047 | €72,164 | +€61,117 | +553% |
| Profit (loss) for the period | 9904 | €37,435 | €235,899 | +€198,464 | +530% |
| Profit (loss) for the period to be appropriated | 9905 | €37,435 | €235,899 | +€198,464 | +530% |
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.