@'elier 1.16: 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.
@'elier 1.16
Largest movements
- Receivables within one year -€5,261
down €5,261 (-2.8%), from €185,709 to €180,448
of which Trade receivables: -€19,384
- Tax, wage and social debts -€15,853
down €15,853 (-49.4%), from €32,085 to €16,231
of which Taxes: -€15,327
- Reserves +€11,517
up €11,517 (+619%), from €1,860 to €13,377
of which Distributable reserves: +€11,517
- Trade debts -€6,635
down €6,635 (-88.1%), from €7,534 to €899
- Advances received +€2,600
new in 2025: €2,600
- Gross operating margin -€28,974
down €28,974 (-53.6%), from €54,082 to €25,108
- Taxes -€2,848
down €2,848 (-26.2%), from €10,853 to €8,005
- Financial charges -€2,026
down €2,026 (-64.5%), from €3,140 to €1,114
- Depreciation -€660
down €660 (-29.9%), from €2,204 to €1,544
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 | €227,615 | €219,244 | -€8,371 | -3.7% |
| Fixed assets | 21/28 | €6,382 | €4,838 | -€1,544 | -24.2% |
| Tangible fixed assets | 22/27 | €6,382 | €4,838 | -€1,544 | -24.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €3,786 | €3,142 | -€644 | -17.0% |
| Furniture and vehicles | 24 | €343 | €0 | -€343 | -100% |
| Other tangible fixed assets | 26 | €2,253 | €1,696 | -€558 | -24.7% |
| Current assets | 29/58 | €221,233 | €214,406 | -€6,827 | -3.1% |
| Stocks and contracts in progress | 3 | €3,412 | €3,412 | = | 0.0% |
| Stocks | 30/36 | €3,412 | €3,412 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €185,709 | €180,448 | -€5,261 | -2.8% |
| Trade receivables | 40 | €45,284 | €25,900 | -€19,384 | -42.8% |
| Other amounts receivable | 41 | €140,426 | €154,548 | +€14,123 | +10.1% |
| Cash at bank and in hand | 54/58 | €32,111 | €30,545 | -€1,566 | -4.9% |
| Total equity and liabilities | 10/49 | €227,615 | €219,244 | -€8,371 | -3.7% |
| Equity | 10/15 | €187,997 | €199,514 | +€11,517 | +6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €13,377 | +€11,517 | +619% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €11,517 | +€11,517 | |
| Profit (loss) carried forward | 14 | €179,937 | €179,937 | = | 0.0% |
| Amounts payable | 17/49 | €39,618 | €19,730 | -€19,888 | -50.2% |
| Amounts payable within one year | 42/48 | €39,618 | €19,730 | -€19,888 | -50.2% |
| Trade debts | 44 | €7,534 | €899 | -€6,635 | -88.1% |
| Suppliers | 440/4 | €7,534 | €899 | -€6,635 | -88.1% |
| Advances received on contracts in progress | 46 | - | €2,600 | +€2,600 | |
| Taxes, remuneration and social security | 45 | €32,085 | €16,231 | -€15,853 | -49.4% |
| Taxes | 450/3 | €31,558 | €16,231 | -€15,327 | -48.6% |
| Remuneration and social security | 454/9 | €526 | €0 | -€526 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,204 | €1,544 | -€660 | -29.9% |
| Other operating charges | 640/8 | €3,498 | €2,987 | -€511 | -14.6% |
| Gross operating margin | 9900 | €54,082 | €25,108 | -€28,974 | -53.6% |
| Operating profit (loss) | 9901 | €48,380 | €20,576 | -€27,804 | -57.5% |
| Financial income | 75/76B | €194 | €60 | -€134 | -69.0% |
| Recurring financial income | 75 | €194 | €60 | -€134 | -69.0% |
| Financial charges | 65/66B | €3,140 | €1,114 | -€2,026 | -64.5% |
| Recurring financial charges | 65 | €3,140 | €1,114 | -€2,026 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | €45,434 | €19,522 | -€25,912 | -57.0% |
| Income taxes | 67/77 | €10,853 | €8,005 | -€2,848 | -26.2% |
| Profit (loss) for the period | 9904 | €34,581 | €11,517 | -€23,063 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,581 | €11,517 | -€23,063 | -66.7% |
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 25 October 2026 via checked.be.