L'ATELIER IMMO: 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 IMMO
Largest movements
- Tangible fixed assets +€198,241
up €198,241 (+31.6%), from €627,786 to €826,027
of which Land and buildings: +€234,672
- Cash -€131,207
down €131,207 (-99.5%), from €131,810 to €603
mainly Investment in fixed assets (net) (-€315,802) and Receivables within one year (-€2,667)
- Deferred charges and accrued income -€19,475
down €19,475 (-57.1%), from €34,096 to €14,621
- Accrued charges and deferred income +€28,978
up €28,978 (+635%), from €4,563 to €33,542
- Trade debts +€16,641
up €16,641 (+13.4%), from €124,384 to €141,025
- Gross operating margin -€90,788
down €90,788 (-39.0%), from €232,879 to €142,091
- Depreciation -€78,898
down €78,898 (-40.2%), from €196,459 to €117,561
- Financial charges -€7,318
down €7,318 (-26.0%), from €28,186 to €20,868
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 | €799,603 | €849,828 | +€50,226 | +6.3% |
| Fixed assets | 21/28 | €627,786 | €826,027 | +€198,241 | +31.6% |
| Tangible fixed assets | 22/27 | €627,786 | €826,027 | +€198,241 | +31.6% |
| Land and buildings | 22 | €425,571 | €660,243 | +€234,672 | +55.1% |
| Leasing and similar rights | 25 | €193,415 | €165,785 | -€27,631 | -14.3% |
| Assets under construction and advance payments | 27 | €8,800 | - | -€8,800 | |
| Current assets | 29/58 | €171,816 | €23,801 | -€148,015 | -86.1% |
| Amounts receivable within one year | 40/41 | €5,911 | €8,577 | +€2,667 | +45.1% |
| Trade receivables | 40 | €5,911 | €8,577 | +€2,667 | +45.1% |
| Cash at bank and in hand | 54/58 | €131,810 | €603 | -€131,207 | -99.5% |
| Deferred charges and accrued income | 490/1 | €34,096 | €14,621 | -€19,475 | -57.1% |
| Total equity and liabilities | 10/49 | €799,603 | €849,828 | +€50,226 | +6.3% |
| Equity | 10/15 | €144,562 | €147,847 | +€3,285 | +2.3% |
| Contributions | 10/11 | €867,627 | €867,627 | = | 0.0% |
| Capital | 10 | €867,627 | €867,627 | = | 0.0% |
| Issued capital | 100 | €867,627 | €867,627 | = | 0.0% |
| Reserves | 13 | €36,325 | €36,325 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,325 | €36,325 | = | 0.0% |
| Legal reserve | 130 | €32,000 | €32,000 | = | 0.0% |
| Other | 1319 | €4,325 | €4,325 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€761,891 | -€758,105 | +€3,785 | +0.5% |
| Investment grants | 15 | €2,500 | €2,000 | -€500 | -20.0% |
| Amounts payable | 17/49 | €655,041 | €701,981 | +€46,941 | +7.2% |
| Amounts payable after more than one year | 17 | €510,000 | €510,000 | = | 0.0% |
| Other amounts payable | 178/9 | €510,000 | €510,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €140,477 | €158,439 | +€17,962 | +12.8% |
| Trade debts | 44 | €124,384 | €141,025 | +€16,641 | +13.4% |
| Suppliers | 440/4 | €124,384 | €141,025 | +€16,641 | +13.4% |
| Taxes, remuneration and social security | 45 | €16,093 | €17,414 | +€1,321 | +8.2% |
| Taxes | 450/3 | €16,093 | €17,414 | +€1,321 | +8.2% |
| Accrued charges and deferred income | 492/3 | €4,563 | €33,542 | +€28,978 | +635% |
| Non-recurring operating income | 76A | €67,122 | - | -€67,122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,459 | €117,561 | -€78,898 | -40.2% |
| Other operating charges | 640/8 | €360 | €377 | +€17 | +4.7% |
| Gross operating margin | 9900 | €232,879 | €142,091 | -€90,788 | -39.0% |
| Operating profit (loss) | 9901 | €36,060 | €24,153 | -€11,907 | -33.0% |
| Financial income | 75/76B | €500 | €500 | = | 0.0% |
| Recurring financial income | 75 | €500 | €500 | = | 0.0% |
| Financial charges | 65/66B | €28,186 | €20,868 | -€7,318 | -26.0% |
| Recurring financial charges | 65 | €28,186 | €20,868 | -€7,318 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €8,374 | €3,785 | -€4,588 | -54.8% |
| Profit (loss) for the period | 9904 | €8,374 | €3,785 | -€4,588 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,374 | €3,785 | -€4,588 | -54.8% |
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.