IMMO ATELIER 4: 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 4
Largest movements
- Receivables within one year +€68,911
up €68,911 (+32.9%), from €209,539 to €278,450
- Current investments -€10,019
down €10,019 (-27.5%), from €36,479 to €26,460
- Cash -€6,874
down €6,874 (-55.7%), from €12,348 to €5,474
mainly Receivables within one year (-€68,911) and Contributions, distributions and other (-€55,000)
- Tangible fixed assets -€4,761
down €4,761 (-4.4%), from €107,804 to €103,043
- Reserves +€40,000
up €40,000 (+15.8%), from €253,515 to €293,515
of which Distributable reserves: +€40,000
- Tax, wage and social debts +€14,259
up €14,259 (+120%), from €11,844 to €26,103
- Trade debts -€6,581
down €6,581 (-52.9%), from €12,451 to €5,869
- Gross operating margin +€12,709
up €12,709 (+11.9%), from €106,574 to €119,283
- Taxes +€3,037
up €3,037 (+26.8%), from €11,317 to €14,353
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 | €366,169 | €413,426 | +€47,257 | +12.9% |
| Fixed assets | 21/28 | €107,804 | €103,043 | -€4,761 | -4.4% |
| Tangible fixed assets | 22/27 | €107,804 | €103,043 | -€4,761 | -4.4% |
| Land and buildings | 22 | €107,804 | €103,043 | -€4,761 | -4.4% |
| Current assets | 29/58 | €258,365 | €310,383 | +€52,018 | +20.1% |
| Amounts receivable within one year | 40/41 | €209,539 | €278,450 | +€68,911 | +32.9% |
| Other amounts receivable | 41 | €209,539 | €278,450 | +€68,911 | +32.9% |
| Current investments | 50/53 | €36,479 | €26,460 | -€10,019 | -27.5% |
| Cash at bank and in hand | 54/58 | €12,348 | €5,474 | -€6,874 | -55.7% |
| Total equity and liabilities | 10/49 | €366,169 | €413,426 | +€47,257 | +12.9% |
| Equity | 10/15 | €282,726 | €322,180 | +€39,453 | +14.0% |
| Contributions | 10/11 | €28,000 | €28,000 | = | 0.0% |
| Reserves | 13 | €253,515 | €293,515 | +€40,000 | +15.8% |
| Non-distributable reserves | 130/1 | €3,515 | €3,515 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,515 | €3,515 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €290,000 | +€40,000 | +16.0% |
| Profit (loss) carried forward | 14 | €1,211 | €664 | -€547 | -45.1% |
| Amounts payable | 17/49 | €83,443 | €91,247 | +€7,804 | +9.4% |
| Amounts payable within one year | 42/48 | €79,295 | €86,973 | +€7,678 | +9.7% |
| Trade debts | 44 | €12,451 | €5,869 | -€6,581 | -52.9% |
| Suppliers | 440/4 | €12,451 | €5,869 | -€6,581 | -52.9% |
| Taxes, remuneration and social security | 45 | €11,844 | €26,103 | +€14,259 | +120% |
| Taxes | 450/3 | €11,844 | €26,103 | +€14,259 | +120% |
| Other amounts payable | 47/48 | €55,000 | €55,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,148 | €4,274 | +€126 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,761 | €4,761 | = | 0.0% |
| Other operating charges | 640/8 | €5,149 | €5,335 | +€186 | +3.6% |
| Gross operating margin | 9900 | €106,574 | €119,283 | +€12,709 | +11.9% |
| Operating profit (loss) | 9901 | €96,664 | €109,188 | +€12,524 | +13.0% |
| Financial income | 75/76B | €67 | €314 | +€247 | +370% |
| Recurring financial income | 75 | €67 | €314 | +€247 | +370% |
| Financial charges | 65/66B | €196 | €695 | +€500 | +256% |
| Recurring financial charges | 65 | €196 | €695 | +€500 | +256% |
| Profit (loss) for the period before taxes | 9903 | €96,535 | €108,807 | +€12,271 | +12.7% |
| Income taxes | 67/77 | €11,317 | €14,353 | +€3,037 | +26.8% |
| Profit (loss) for the period | 9904 | €85,219 | €94,453 | +€9,235 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,219 | €94,453 | +€9,235 | +10.8% |
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 27 October 2026 via checked.be.