L'ATELIER DE FREDERIC: 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 DE FREDERIC
Largest movements
- Cash -€2,373
down €2,373 (-4.0%), from €58,900 to €56,527
mainly Trade debts (-€6,761) and Net result for the year (-€1,366)
- Tangible fixed assets -€1,941
down €1,941 (-33.9%), from €5,719 to €3,777
of which Furniture and vehicles: -€1,286
- Receivables within one year -€1,146
down €1,146 (-25.9%), from €4,428 to €3,283
of which Trade receivables: -€3,467
- Stocks and contracts -€1,041
down €1,041 (-7.6%), from €13,664 to €12,623
- Trade debts -€6,761
down €6,761 (-86.8%), from €7,789 to €1,029
- Profit (loss) carried forward -€1,366
down €1,366 (-8.7%), from €15,659 to €14,292
- Other debts +€1,323
up €1,323 (+11.7%), from €11,322 to €12,644
- Gross operating margin -€18,076
down €18,076 (-21.5%), from €84,206 to €66,129
- Staff costs -€2,812
down €2,812 (-4.3%), from €65,968 to €63,156
- Taxes -€2,016
down €2,016 (-98.8%), from €2,040 to €24
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 | €85,216 | €77,985 | -€7,231 | -8.5% |
| Fixed assets | 21/28 | €6,039 | €4,097 | -€1,941 | -32.1% |
| Tangible fixed assets | 22/27 | €5,719 | €3,777 | -€1,941 | -33.9% |
| Plant, machinery and equipment | 23 | €2,978 | €2,322 | -€655 | -22.0% |
| Furniture and vehicles | 24 | €2,741 | €1,455 | -€1,286 | -46.9% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €79,178 | €73,888 | -€5,290 | -6.7% |
| Stocks and contracts in progress | 3 | €13,664 | €12,623 | -€1,041 | -7.6% |
| Stocks | 30/36 | €13,664 | €12,623 | -€1,041 | -7.6% |
| Amounts receivable within one year | 40/41 | €4,428 | €3,283 | -€1,146 | -25.9% |
| Trade receivables | 40 | €3,535 | €68 | -€3,467 | -98.1% |
| Other amounts receivable | 41 | €893 | €3,214 | +€2,321 | +260% |
| Cash at bank and in hand | 54/58 | €58,900 | €56,527 | -€2,373 | -4.0% |
| Deferred charges and accrued income | 490/1 | €2,186 | €1,455 | -€731 | -33.4% |
| Total equity and liabilities | 10/49 | €85,216 | €77,985 | -€7,231 | -8.5% |
| Equity | 10/15 | €52,084 | €50,718 | -€1,366 | -2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,226 | €30,226 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,345 | €7,345 | = | 0.0% |
| Distributable reserves | 133 | €22,881 | €22,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,659 | €14,292 | -€1,366 | -8.7% |
| Amounts payable | 17/49 | €33,132 | €27,267 | -€5,865 | -17.7% |
| Amounts payable within one year | 42/48 | €33,132 | €27,267 | -€5,865 | -17.7% |
| Trade debts | 44 | €7,789 | €1,029 | -€6,761 | -86.8% |
| Suppliers | 440/4 | €7,789 | €1,029 | -€6,761 | -86.8% |
| Taxes, remuneration and social security | 45 | €14,021 | €13,594 | -€427 | -3.0% |
| Taxes | 450/3 | €789 | €2,663 | +€1,874 | +237% |
| Remuneration and social security | 454/9 | €13,232 | €10,930 | -€2,301 | -17.4% |
| Other amounts payable | 47/48 | €11,322 | €12,644 | +€1,323 | +11.7% |
| Non-recurring operating income | 76A | €730 | - | -€730 | |
| Remuneration, social security and pensions | 62 | €65,968 | €63,156 | -€2,812 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,573 | €1,941 | -€632 | -24.6% |
| Other operating charges | 640/8 | €592 | €349 | -€243 | -41.1% |
| Non-recurring operating charges | 66A | €744 | - | -€744 | |
| Gross operating margin | 9900 | €84,206 | €66,129 | -€18,076 | -21.5% |
| Operating profit (loss) | 9901 | €14,329 | €684 | -€13,645 | -95.2% |
| Financial income | 75/76B | €0 | €49 | +€49 | +32,453% |
| Recurring financial income | 75 | €0 | €49 | +€49 | +32,453% |
| Financial charges | 65/66B | €2,438 | €2,076 | -€362 | -14.9% |
| Recurring financial charges | 65 | €2,438 | €2,076 | -€362 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €11,891 | -€1,343 | -€13,234 | |
| Income taxes | 67/77 | €2,040 | €24 | -€2,016 | -98.8% |
| Profit (loss) for the period | 9904 | €9,851 | -€1,366 | -€11,218 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,851 | -€1,366 | -€11,218 |
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 30 October 2026 via checked.be.