M'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.
M'Atelier
Largest movements
- Stocks and contracts +€23,260
new in 2025: €23,260
- Tangible fixed assets +€12,508
up €12,508 (+3.7%), from €338,722 to €351,231
of which Land and buildings: +€13,772
- Cash -€6,419
down €6,419 (-16.2%), from €39,543 to €33,125
mainly Investment in fixed assets (net) (-€28,044) and Stocks and contracts (-€23,260)
- Receivables within one year -€5,988
down €5,988 (-73.4%), from €8,155 to €2,167
of which Trade receivables: -€5,990
- Trade debts +€28,585
up €28,585 (+2,241%), from €1,276 to €29,861
- Debts after one year -€10,815
down €10,815 (-3.8%), from €285,328 to €274,514
of which Financial debts: -€10,815
- Tax, wage and social debts +€7,285
up €7,285 (+76.2%), from €9,558 to €16,842
of which Remuneration and social security: +€6,274
- Gross operating margin -€6,709
down €6,709 (-12.4%), from €54,226 to €47,517
- Taxes -€1,609
down €1,609 (-23.2%), from €6,932 to €5,323
- Depreciation +€809
up €809 (+5.5%), from €14,728 to €15,536
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 | €388,050 | €411,895 | +€23,845 | +6.1% |
| Fixed assets | 21/28 | €338,722 | €351,231 | +€12,508 | +3.7% |
| Tangible fixed assets | 22/27 | €338,722 | €351,231 | +€12,508 | +3.7% |
| Land and buildings | 22 | €334,497 | €348,270 | +€13,772 | +4.1% |
| Plant, machinery and equipment | 23 | €3,274 | €2,405 | -€868 | -26.5% |
| Furniture and vehicles | 24 | €952 | €556 | -€396 | -41.6% |
| Current assets | 29/58 | €49,328 | €60,665 | +€11,337 | +23.0% |
| Stocks and contracts in progress | 3 | - | €23,260 | +€23,260 | |
| Stocks | 30/36 | - | €23,260 | +€23,260 | |
| Amounts receivable within one year | 40/41 | €8,155 | €2,167 | -€5,988 | -73.4% |
| Trade receivables | 40 | €8,155 | €2,164 | -€5,990 | -73.5% |
| Other amounts receivable | 41 | €0 | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €39,543 | €33,125 | -€6,419 | -16.2% |
| Deferred charges and accrued income | 490/1 | €1,630 | €2,114 | +€484 | +29.7% |
| Total equity and liabilities | 10/49 | €388,050 | €411,895 | +€23,845 | +6.1% |
| Equity | 10/15 | €72,757 | €73,954 | +€1,198 | +1.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €57,757 | €58,954 | +€1,198 | +2.1% |
| Distributable reserves | 133 | €57,757 | €58,954 | +€1,198 | +2.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €315,294 | €337,941 | +€22,647 | +7.2% |
| Amounts payable after more than one year | 17 | €285,328 | €274,514 | -€10,815 | -3.8% |
| Financial debts | 170/4 | €277,705 | €266,891 | -€10,815 | -3.9% |
| Other amounts payable | 178/9 | €7,623 | €7,623 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,722 | €62,169 | +€33,447 | +116% |
| Current portion of amounts payable after more than one year | 42 | €10,634 | €10,815 | +€180 | +1.7% |
| Trade debts | 44 | €1,276 | €29,861 | +€28,585 | +2,241% |
| Suppliers | 440/4 | €1,276 | €29,861 | +€28,585 | +2,241% |
| Taxes, remuneration and social security | 45 | €9,558 | €16,842 | +€7,285 | +76.2% |
| Taxes | 450/3 | €8,244 | €9,255 | +€1,011 | +12.3% |
| Remuneration and social security | 454/9 | €1,314 | €7,588 | +€6,274 | +477% |
| Other amounts payable | 47/48 | €7,254 | €4,651 | -€2,603 | -35.9% |
| Accrued charges and deferred income | 492/3 | €1,243 | €1,258 | +€15 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,728 | €15,536 | +€809 | +5.5% |
| Other operating charges | 640/8 | €1,166 | €1,340 | +€174 | +15.0% |
| Gross operating margin | 9900 | €54,226 | €47,517 | -€6,709 | -12.4% |
| Operating profit (loss) | 9901 | €38,332 | €30,640 | -€7,692 | -20.1% |
| Financial income | 75/76B | €541 | €483 | -€58 | -10.7% |
| Recurring financial income | 75 | €541 | €483 | -€58 | -10.7% |
| Financial charges | 65/66B | €4,658 | €4,602 | -€56 | -1.2% |
| Recurring financial charges | 65 | €4,658 | €4,602 | -€56 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €34,215 | €26,521 | -€7,695 | -22.5% |
| Income taxes | 67/77 | €6,932 | €5,323 | -€1,609 | -23.2% |
| Profit (loss) for the period | 9904 | €27,283 | €21,198 | -€6,085 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,283 | €21,198 | -€6,085 | -22.3% |
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.