L'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.
L'ATELIER
Largest movements
- Tangible fixed assets +€97,237
up €97,237 (+243%), from €40,083 to €137,319
of which Other tangible fixed assets: +€109,777
- Cash -€9,273
down €9,273 (-49.3%), from €18,815 to €9,542
mainly Investment in fixed assets (net) (-€112,822) and Contributions, distributions and other (-€18,500)
- Stocks and contracts +€3,640
up €3,640 (+43.5%), from €8,360 to €12,000
- Receivables within one year +€3,089
up €3,089 (+7.3%), from €42,058 to €45,147
of which Trade receivables: +€4,500
- Debts after one year +€72,313
up €72,313 (+988%), from €7,322 to €79,635
- Trade debts +€23,944
up €23,944 (+423%), from €5,664 to €29,608
- Reserves -€22,994
down €22,994 (-32.7%), from €70,413 to €47,419
of which Tax-exempt reserves: -€59,118
- Provisions -€14,780
down €14,780 (-100%), from €14,780 to €0
- Current portion of long-term debt +€12,323
up €12,323 (+206%), from €5,983 to €18,307
- Gross operating margin -€84,200
down €84,200 (-72.2%), from €116,602 to €32,402
- Taxes +€11,566
up €11,566 (+94.2%), from €12,275 to €23,841
- Depreciation -€2,581
down €2,581 (-14.2%), from €18,167 to €15,585
- Financial income +€1,426
up €1,426 (+138%), from €1,033 to €2,460
- Other operating charges +€1,185
up €1,185 (+306%), from €387 to €1,572
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 | €111,419 | €205,048 | +€93,628 | +84.0% |
| Fixed assets | 21/28 | €40,083 | €137,319 | +€97,237 | +243% |
| Tangible fixed assets | 22/27 | €40,083 | €137,319 | +€97,237 | +243% |
| Land and buildings | 22 | €3,840 | €0 | -€3,840 | -100% |
| Plant, machinery and equipment | 23 | €700 | €1,793 | +€1,093 | +156% |
| Furniture and vehicles | 24 | €35,542 | €25,749 | -€9,793 | -27.6% |
| Other tangible fixed assets | 26 | - | €109,777 | +€109,777 | |
| Current assets | 29/58 | €71,337 | €67,728 | -€3,609 | -5.1% |
| Stocks and contracts in progress | 3 | €8,360 | €12,000 | +€3,640 | +43.5% |
| Stocks | 30/36 | €8,360 | €12,000 | +€3,640 | +43.5% |
| Amounts receivable within one year | 40/41 | €42,058 | €45,147 | +€3,089 | +7.3% |
| Trade receivables | 40 | - | €4,500 | +€4,500 | |
| Other amounts receivable | 41 | €42,058 | €40,647 | -€1,411 | -3.4% |
| Cash at bank and in hand | 54/58 | €18,815 | €9,542 | -€9,273 | -49.3% |
| Deferred charges and accrued income | 490/1 | €2,104 | €1,039 | -€1,065 | -50.6% |
| Total equity and liabilities | 10/49 | €111,419 | €205,048 | +€93,628 | +84.0% |
| Equity | 10/15 | €65,446 | €53,619 | -€11,826 | -18.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €70,413 | €47,419 | -€22,994 | -32.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,118 | €4,000 | -€59,118 | -93.7% |
| Distributable reserves | 133 | €5,435 | €41,559 | +€36,125 | +665% |
| Profit (loss) carried forward | 14 | -€11,167 | €0 | +€11,167 | |
| Provisions and deferred taxes | 16 | €14,780 | €0 | -€14,780 | -100% |
| Deferred taxes | 168 | €14,780 | €0 | -€14,780 | -100% |
| Amounts payable | 17/49 | €31,194 | €151,428 | +€120,234 | +385% |
| Amounts payable after more than one year | 17 | €7,322 | €79,635 | +€72,313 | +988% |
| Financial debts | 170/4 | €7,322 | €79,635 | +€72,313 | +988% |
| Amounts payable within one year | 42/48 | €23,872 | €71,793 | +€47,921 | +201% |
| Current portion of amounts payable after more than one year | 42 | €5,983 | €18,307 | +€12,323 | +206% |
| Financial debts | 43 | - | €12,038 | +€12,038 | |
| Credit institutions | 430/8 | - | €12,038 | +€12,038 | |
| Trade debts | 44 | €5,664 | €29,608 | +€23,944 | +423% |
| Suppliers | 440/4 | €5,664 | €29,608 | +€23,944 | +423% |
| Taxes, remuneration and social security | 45 | €12,225 | €11,841 | -€384 | -3.1% |
| Taxes | 450/3 | €12,225 | €11,841 | -€384 | -3.1% |
| Non-recurring operating income | 76A | - | €4,500 | +€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,167 | €15,585 | -€2,581 | -14.2% |
| Other operating charges | 640/8 | €387 | €1,572 | +€1,185 | +306% |
| Gross operating margin | 9900 | €116,602 | €32,402 | -€84,200 | -72.2% |
| Operating profit (loss) | 9901 | €98,048 | €15,244 | -€82,804 | -84.5% |
| Financial income | 75/76B | €1,033 | €2,460 | +€1,426 | +138% |
| Recurring financial income | 75 | €1,033 | €2,460 | +€1,426 | +138% |
| Financial charges | 65/66B | €1,381 | €1,969 | +€588 | +42.6% |
| Recurring financial charges | 65 | €1,381 | €1,969 | +€588 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €97,700 | €15,735 | -€81,966 | -83.9% |
| Transfer from deferred taxes | 780 | - | €14,780 | +€14,780 | |
| Income taxes | 67/77 | €12,275 | €23,841 | +€11,566 | +94.2% |
| Profit (loss) for the period | 9904 | €85,425 | €6,674 | -€78,752 | -92.2% |
| Transfer from tax-exempt reserves | 789 | - | €59,118 | +€59,118 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,425 | €65,792 | -€19,633 | -23.0% |
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 22 October 2026 via checked.be.