HET ATELIER: 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.
HET ATELIER
Largest movements
- Cash +€95,827
up €95,827 (+243%), from €39,448 to €135,275
mainly Net result for the year (+€69,440) and Depreciation (+€43,918)
- Tangible fixed assets -€41,157
down €41,157 (-8.4%), from €487,726 to €446,569
of which Plant, machinery and equipment: -€23,260
- Profit (loss) carried forward +€44,440
up €44,440 (+90.4%), from €49,146 to €93,586
- Debts after one year -€24,051
down €24,051 (-8.6%), from €279,047 to €254,996
- Other debts +€20,000
up €20,000 (+56.8%), from €35,191 to €55,191
- Current portion of long-term debt +€19,709
up €19,709 (+30.3%), from €65,051 to €84,761
- Trade debts -€17,659
down €17,659 (-63.8%), from €27,684 to €10,025
- Gross operating margin +€136,620
up €136,620 (+68.7%), from €198,863 to €335,483
- Staff costs +€49,649
up €49,649 (+40.7%), from €122,074 to €171,722
- Taxes +€22,876
up €22,876 (+639%), from €3,580 to €26,456
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 | €550,787 | €605,175 | +€54,388 | +9.9% |
| Fixed assets | 21/28 | €487,726 | €446,824 | -€40,902 | -8.4% |
| Tangible fixed assets | 22/27 | €487,726 | €446,569 | -€41,157 | -8.4% |
| Land and buildings | 22 | €375,600 | €359,400 | -€16,200 | -4.3% |
| Plant, machinery and equipment | 23 | €108,766 | €85,507 | -€23,260 | -21.4% |
| Furniture and vehicles | 24 | €3,360 | €1,663 | -€1,697 | -50.5% |
| Financial fixed assets | 28 | - | €255 | +€255 | |
| Current assets | 29/58 | €63,060 | €158,350 | +€95,290 | +151% |
| Stocks and contracts in progress | 3 | €2,336 | €2,280 | -€56 | -2.4% |
| Stocks | 30/36 | €2,336 | €2,280 | -€56 | -2.4% |
| Amounts receivable within one year | 40/41 | €17,809 | €13,399 | -€4,410 | -24.8% |
| Trade receivables | 40 | €16,482 | €8,795 | -€7,688 | -46.6% |
| Other amounts receivable | 41 | €1,326 | €4,604 | +€3,278 | +247% |
| Current investments | 50/53 | €1,017 | - | -€1,017 | |
| Cash at bank and in hand | 54/58 | €39,448 | €135,275 | +€95,827 | +243% |
| Deferred charges and accrued income | 490/1 | €2,452 | €7,397 | +€4,945 | +202% |
| Total equity and liabilities | 10/49 | €550,787 | €605,175 | +€54,388 | +9.9% |
| Equity | 10/15 | €119,606 | €164,046 | +€44,440 | +37.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Distributable reserves | 133 | €51,860 | €51,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,146 | €93,586 | +€44,440 | +90.4% |
| Amounts payable | 17/49 | €431,180 | €441,129 | +€9,948 | +2.3% |
| Amounts payable after more than one year | 17 | €279,047 | €254,996 | -€24,051 | -8.6% |
| Financial debts | 170/4 | €279,047 | €254,996 | -€24,051 | -8.6% |
| Amounts payable within one year | 42/48 | €151,802 | €186,063 | +€34,260 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €65,051 | €84,761 | +€19,709 | +30.3% |
| Trade debts | 44 | €27,684 | €10,025 | -€17,659 | -63.8% |
| Suppliers | 440/4 | €27,684 | €10,025 | -€17,659 | -63.8% |
| Taxes, remuneration and social security | 45 | €23,877 | €36,086 | +€12,210 | +51.1% |
| Taxes | 450/3 | €14,080 | €32,797 | +€18,717 | +133% |
| Remuneration and social security | 454/9 | €9,796 | €3,289 | -€6,507 | -66.4% |
| Other amounts payable | 47/48 | €35,191 | €55,191 | +€20,000 | +56.8% |
| Accrued charges and deferred income | 492/3 | €331 | €70 | -€261 | -78.9% |
| Remuneration, social security and pensions | 62 | €122,074 | €171,722 | +€49,649 | +40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,772 | €43,918 | +€2,146 | +5.1% |
| Other operating charges | 640/8 | €10,027 | €8,746 | -€1,281 | -12.8% |
| Gross operating margin | 9900 | €198,863 | €335,483 | +€136,620 | +68.7% |
| Operating profit (loss) | 9901 | €24,990 | €111,096 | +€86,106 | +345% |
| Financial income | 75/76B | €138 | €2 | -€136 | -98.7% |
| Recurring financial income | 75 | €138 | €2 | -€136 | -98.7% |
| Financial charges | 65/66B | €16,192 | €15,202 | -€990 | -6.1% |
| Recurring financial charges | 65 | €16,192 | €15,202 | -€990 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €8,936 | €95,896 | +€86,960 | +973% |
| Income taxes | 67/77 | €3,580 | €26,456 | +€22,876 | +639% |
| Profit (loss) for the period | 9904 | €5,356 | €69,440 | +€64,084 | +1,197% |
| Profit (loss) for the period to be appropriated | 9905 | €5,356 | €69,440 | +€64,084 | +1,197% |
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.