L'ATELIER 46: 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 46
Largest movements
- Tangible fixed assets -€22,416
down €22,416 (-68.4%), from €32,764 to €10,348
of which Furniture and vehicles: -€19,599
- Cash +€19,045
up €19,045 (+16.2%), from €117,663 to €136,708
mainly Investment in fixed assets (net) (+€19,192) and Trade debts (+€6,146)
- Stocks and contracts +€2,633
up €2,633 (+65.9%), from €3,997 to €6,630
- Tax, wage and social debts -€9,937
down €9,937 (-40.3%), from €24,632 to €14,695
of which Taxes: -€7,791
- Trade debts +€6,146
up €6,146 (+127%), from €4,844 to €10,990
- Profit (loss) carried forward +€4,014
up €4,014 (+2.9%), from €136,628 to €140,642
- Short-term financial debts +€2,451
up €2,451 (+1,482%), from €165 to €2,616
- Staff costs +€10,322
up €10,322 (+24.1%), from €42,870 to €53,191
- Gross operating margin -€6,776
down €6,776 (-8.0%), from €84,636 to €77,860
- Depreciation -€3,322
down €3,322 (-50.7%), from €6,546 to €3,224
- Taxes -€2,644
down €2,644 (-55.5%), from €4,760 to €2,116
- Financial charges +€1,585
up €1,585 (+29.6%), from €5,361 to €6,946
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 | €169,269 | €171,943 | +€2,674 | +1.6% |
| Fixed assets | 21/28 | €32,944 | €10,528 | -€22,416 | -68.0% |
| Tangible fixed assets | 22/27 | €32,764 | €10,348 | -€22,416 | -68.4% |
| Plant, machinery and equipment | 23 | €12,459 | €9,642 | -€2,817 | -22.6% |
| Furniture and vehicles | 24 | €20,305 | €705 | -€19,599 | -96.5% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €136,325 | €161,415 | +€25,090 | +18.4% |
| Stocks and contracts in progress | 3 | €3,997 | €6,630 | +€2,633 | +65.9% |
| Stocks | 30/36 | €3,997 | €6,630 | +€2,633 | +65.9% |
| Amounts receivable within one year | 40/41 | €14,665 | €16,368 | +€1,702 | +11.6% |
| Trade receivables | 40 | €7,198 | €3,018 | -€4,181 | -58.1% |
| Other amounts receivable | 41 | €7,467 | €13,350 | +€5,883 | +78.8% |
| Cash at bank and in hand | 54/58 | €117,663 | €136,708 | +€19,045 | +16.2% |
| Deferred charges and accrued income | 490/1 | - | €1,710 | +€1,710 | |
| Total equity and liabilities | 10/49 | €169,269 | €171,943 | +€2,674 | +1.6% |
| Equity | 10/15 | €139,628 | €143,642 | +€4,014 | +2.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,628 | €140,642 | +€4,014 | +2.9% |
| Amounts payable | 17/49 | €29,641 | €28,301 | -€1,339 | -4.5% |
| Amounts payable within one year | 42/48 | €29,641 | €28,301 | -€1,339 | -4.5% |
| Financial debts | 43 | €165 | €2,616 | +€2,451 | +1,482% |
| Credit institutions | 430/8 | €165 | €2,616 | +€2,451 | +1,482% |
| Trade debts | 44 | €4,844 | €10,990 | +€6,146 | +127% |
| Suppliers | 440/4 | €4,844 | €10,990 | +€6,146 | +127% |
| Taxes, remuneration and social security | 45 | €24,632 | €14,695 | -€9,937 | -40.3% |
| Taxes | 450/3 | €19,052 | €11,261 | -€7,791 | -40.9% |
| Remuneration and social security | 454/9 | €5,579 | €3,434 | -€2,146 | -38.5% |
| Remuneration, social security and pensions | 62 | €42,870 | €53,191 | +€10,322 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,546 | €3,224 | -€3,322 | -50.7% |
| Other operating charges | 640/8 | €4,897 | €5,768 | +€871 | +17.8% |
| Non-recurring operating charges | 66A | €1,068 | €2,692 | +€1,624 | +152% |
| Gross operating margin | 9900 | €84,636 | €77,860 | -€6,776 | -8.0% |
| Operating profit (loss) | 9901 | €29,256 | €12,985 | -€16,271 | -55.6% |
| Financial income | 75/76B | €1 | €91 | +€90 | +8,964% |
| Recurring financial income | 75 | €1 | €91 | +€90 | +8,964% |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €5,361 | €6,946 | +€1,585 | +29.6% |
| Recurring financial charges | 65 | €5,361 | €6,946 | +€1,585 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €23,896 | €6,129 | -€17,766 | -74.3% |
| Income taxes | 67/77 | €4,760 | €2,116 | -€2,644 | -55.5% |
| Profit (loss) for the period | 9904 | €19,136 | €4,014 | -€15,123 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,136 | €4,014 | -€15,123 | -79.0% |
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 19 October 2026 via checked.be.