IMMO 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.
IMMO ATELIER
Largest movements
- Receivables within one year -€110,241
down €110,241 (-49.5%), from €222,645 to €112,404
of which Other amounts receivable: -€130,115
- Current investments +€100,000
new in 2025: €100,000
- Deferred charges and accrued income -€18,600
down €18,600 (-86.3%), from €21,555 to €2,955
- Tangible fixed assets -€15,036
down €15,036 (-28.8%), from €52,261 to €37,225
of which Furniture and vehicles: -€15,186
- Cash +€12,675
up €12,675 (+286%), from €4,434 to €17,109
mainly Receivables within one year (+€110,241) and Deferred charges and accrued income (+€18,600)
- Reserves -€26,987
down €26,987 (-11.9%), from €226,777 to €199,790
- Trade debts +€13,189
up €13,189 (+230%), from €5,745 to €18,934
- Current portion of long-term debt -€7,587
down €7,587 (-57.9%), from €13,106 to €5,520
- Tax, wage and social debts -€6,217
down €6,217 (-35.6%), from €17,465 to €11,248
- Debts after one year -€5,520
no longer reported in 2025 (was €5,520)
- Gross operating margin -€26,810
down €26,810 (-88.5%), from €30,303 to €3,493
- Depreciation -€15,398
down €15,398 (-55.9%), from €27,563 to €12,165
- Taxes -€4,926
down €4,926 (-84.5%), from €5,831 to €905
- Financial income -€4,506
down €4,506 (-94.1%), from €4,787 to €281
- Other operating charges -€857
down €857 (-20.9%), from €4,092 to €3,235
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 | €300,895 | €269,694 | -€31,202 | -10.4% |
| Fixed assets | 21/28 | €52,261 | €37,225 | -€15,036 | -28.8% |
| Tangible fixed assets | 22/27 | €52,261 | €37,225 | -€15,036 | -28.8% |
| Plant, machinery and equipment | 23 | €4,911 | €4,164 | -€747 | -15.2% |
| Furniture and vehicles | 24 | €29,729 | €14,543 | -€15,186 | -51.1% |
| Other tangible fixed assets | 26 | €17,621 | €18,518 | +€897 | +5.1% |
| Current assets | 29/58 | €248,634 | €232,468 | -€16,166 | -6.5% |
| Amounts receivable within one year | 40/41 | €222,645 | €112,404 | -€110,241 | -49.5% |
| Trade receivables | 40 | €212 | €20,085 | +€19,874 | +9,385% |
| Other amounts receivable | 41 | €222,434 | €92,319 | -€130,115 | -58.5% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €4,434 | €17,109 | +€12,675 | +286% |
| Deferred charges and accrued income | 490/1 | €21,555 | €2,955 | -€18,600 | -86.3% |
| Total equity and liabilities | 10/49 | €300,895 | €269,694 | -€31,202 | -10.4% |
| Equity | 10/15 | €257,763 | €230,776 | -€26,987 | -10.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €226,777 | €199,790 | -€26,987 | -11.9% |
| Distributable reserves | 133 | €226,777 | €199,790 | -€26,987 | -11.9% |
| Amounts payable | 17/49 | €43,132 | €38,917 | -€4,215 | -9.8% |
| Amounts payable after more than one year | 17 | €5,520 | - | -€5,520 | |
| Financial debts | 170/4 | €5,520 | - | -€5,520 | |
| Amounts payable within one year | 42/48 | €36,316 | €35,701 | -€615 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €13,106 | €5,520 | -€7,587 | -57.9% |
| Trade debts | 44 | €5,745 | €18,934 | +€13,189 | +230% |
| Suppliers | 440/4 | €5,745 | €18,934 | +€13,189 | +230% |
| Taxes, remuneration and social security | 45 | €17,465 | €11,248 | -€6,217 | -35.6% |
| Taxes | 450/3 | €17,465 | €11,248 | -€6,217 | -35.6% |
| Accrued charges and deferred income | 492/3 | €1,296 | €3,216 | +€1,920 | +148% |
| Remuneration, social security and pensions | 62 | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,563 | €12,165 | -€15,398 | -55.9% |
| Other operating charges | 640/8 | €4,092 | €3,235 | -€857 | -20.9% |
| Non-recurring operating charges | 66A | - | €13,395 | +€13,395 | |
| Gross operating margin | 9900 | €30,303 | €3,493 | -€26,810 | -88.5% |
| Operating profit (loss) | 9901 | -€1,351 | -€25,318 | -€23,967 | -1,774% |
| Financial income | 75/76B | €4,787 | €281 | -€4,506 | -94.1% |
| Recurring financial income | 75 | €4,787 | €281 | -€4,506 | -94.1% |
| Financial charges | 65/66B | €1,400 | €1,045 | -€355 | -25.4% |
| Recurring financial charges | 65 | €1,400 | €1,045 | -€355 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €2,036 | -€26,082 | -€28,117 | |
| Income taxes | 67/77 | €5,831 | €905 | -€4,926 | -84.5% |
| Profit (loss) for the period | 9904 | -€3,795 | -€26,987 | -€23,192 | -611% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,795 | -€26,987 | -€23,192 | -611% |
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 17 October 2026 via checked.be.