HET ATELIER: what changed
What changed
HET ATELIER
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€21,904
2024 · €49,952-€28,048
Equity
€239,057
2024 · €458,787-€219,731
Cash
€259,757
2024 · €163,492+€96,265
Balance sheet total
€1.7m
2024 · €1.6m+€150,657
Largest movements
Assets
- Stocks and contracts +€147,084
up €147,084 (+102%), from €144,242 to €291,326
of which Contracts in progress: +€153,235
- Cash +€96,265
up €96,265 (+58.9%), from €163,492 to €259,757
mainly Other debts (+€206,706) and Accrued charges and deferred income (+€173,000)
- Tangible fixed assets -€81,202
down €81,202 (-8.0%), from €1.0m to €936,566
of which Land and buildings: -€52,253
Equity and liabilities
- Reserves -€219,731
down €219,731 (-48.5%), from €452,587 to €232,857
- Other debts +€206,706
up €206,706 (+1,343,117%), from €15 to €206,721
- Accrued charges and deferred income +€173,000
new in 2025: €173,000
Income statement
- Staff costs -€137,909
down €137,909 (-61.6%), from €223,790 to €85,881
- Gross operating margin -€134,482
down €134,482 (-31.0%), from €433,521 to €299,039
- Financial charges +€34,289
up €34,289 (+95.8%), from €35,788 to €70,078
- Taxes -€8,222
down €8,222 (-39.6%), from €20,782 to €12,560
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€49,952
Gross operating margin
-€134,482
Staff costs
+€137,909
Depreciation
+€3,989
Other operating charges
-€2,036
Other operating items
-€7,269
Financial income
-€92
Financial charges
-€34,289
Taxes
+€8,222
Result 2025
€21,904
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€341,614
Investment
-€11,426
Financing
-€233,924
Cash 2024
€163,492
From operations (derived)
+€341,614
Net result for the year
+€21,904
Depreciation
+€87,978
Stocks and contracts
-€147,084
Receivables within one year
+€10,469
Deferred charges and accrued income
+€5,671
Trade debts
-€14,079
Tax, wage and social debts
-€2,950
Other debts
+€206,706
Accrued charges and deferred income
+€173,000
Investment (derived)
-€11,426
Investment in fixed assets (net)
-€11,426
Financing
-€233,924
Debts after one year
-€2,435
Current portion of long-term debt
+€10,162
Short-term financial debts
-€16
Contributions, distributions and other
-€241,635
Cash 2025
€259,757
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,597,746 | €1,748,404 | +€150,657 | +9.4% |
| Fixed assets | 21/28 | €1,017,768 | €941,216 | -€76,552 | -7.5% |
| Tangible fixed assets | 22/27 | €1,017,768 | €936,566 | -€81,202 | -8.0% |
| Land and buildings | 22 | €823,176 | €770,924 | -€52,253 | -6.3% |
| Plant, machinery and equipment | 23 | €6,270 | €4,317 | -€1,953 | -31.2% |
| Furniture and vehicles | 24 | €166,321 | €139,326 | -€26,996 | -16.2% |
| Other tangible fixed assets | 26 | €22,000 | €22,000 | = | 0.0% |
| Financial fixed assets | 28 | - | €4,650 | +€4,650 | |
| Current assets | 29/58 | €579,979 | €807,188 | +€227,209 | +39.2% |
| Stocks and contracts in progress | 3 | €144,242 | €291,326 | +€147,084 | +102% |
| Stocks | 30/36 | €56,242 | €50,091 | -€6,151 | -10.9% |
| Contracts in progress | 37 | €88,000 | €241,235 | +€153,235 | +174% |
| Amounts receivable within one year | 40/41 | €259,114 | €248,645 | -€10,469 | -4.0% |
| Trade receivables | 40 | €257,289 | €248,645 | -€8,644 | -3.4% |
| Other amounts receivable | 41 | €1,824 | - | -€1,824 | |
| Cash at bank and in hand | 54/58 | €163,492 | €259,757 | +€96,265 | +58.9% |
| Deferred charges and accrued income | 490/1 | €13,131 | €7,460 | -€5,671 | -43.2% |
| Total equity and liabilities | 10/49 | €1,597,746 | €1,748,404 | +€150,657 | +9.4% |
| Equity | 10/15 | €458,787 | €239,057 | -€219,731 | -47.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €452,587 | €232,857 | -€219,731 | -48.5% |
| Distributable reserves | 133 | €452,587 | €232,857 | -€219,731 | -48.5% |
| Amounts payable | 17/49 | €1,138,959 | €1,509,347 | +€370,388 | +32.5% |
| Amounts payable after more than one year | 17 | €609,121 | €606,686 | -€2,435 | -0.4% |
| Financial debts | 170/4 | €609,121 | €606,686 | -€2,435 | -0.4% |
| Amounts payable within one year | 42/48 | €529,838 | €729,661 | +€199,823 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €75,247 | €85,409 | +€10,162 | +13.5% |
| Financial debts | 43 | €130,091 | €130,075 | -€16 | 0.0% |
| Credit institutions | 430/8 | €130,091 | €130,075 | -€16 | 0.0% |
| Trade debts | 44 | €284,884 | €270,805 | -€14,079 | -4.9% |
| Suppliers | 440/4 | €284,884 | €270,805 | -€14,079 | -4.9% |
| Taxes, remuneration and social security | 45 | €39,601 | €36,650 | -€2,950 | -7.4% |
| Taxes | 450/3 | €15,023 | €35,201 | +€20,179 | +134% |
| Remuneration and social security | 454/9 | €24,578 | €1,449 | -€23,129 | -94.1% |
| Other amounts payable | 47/48 | €15 | €206,721 | +€206,706 | +1,343,117% |
| Accrued charges and deferred income | 492/3 | - | €173,000 | +€173,000 | |
| Non-recurring operating income | 76A | €16,060 | - | -€16,060 | |
| Remuneration, social security and pensions | 62 | €223,790 | €85,881 | -€137,909 | -61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,967 | €87,978 | -€3,989 | -4.3% |
| Other operating charges | 640/8 | €12,566 | €14,602 | +€2,036 | +16.2% |
| Non-recurring operating charges | 66A | - | €7,269 | +€7,269 | |
| Gross operating margin | 9900 | €433,521 | €299,039 | -€134,482 | -31.0% |
| Operating profit (loss) | 9901 | €105,198 | €103,310 | -€1,888 | -1.8% |
| Financial income | 75/76B | €1,324 | €1,232 | -€92 | -7.0% |
| Recurring financial income | 75 | €1,324 | €1,232 | -€92 | -7.0% |
| Financial charges | 65/66B | €35,788 | €70,078 | +€34,289 | +95.8% |
| Recurring financial charges | 65 | €35,788 | €70,078 | +€34,289 | +95.8% |
| Profit (loss) for the period before taxes | 9903 | €70,734 | €34,464 | -€36,270 | -51.3% |
| Income taxes | 67/77 | €20,782 | €12,560 | -€8,222 | -39.6% |
| Profit (loss) for the period | 9904 | €49,952 | €21,904 | -€28,048 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,952 | €21,904 | -€28,048 | -56.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.