PP 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.
PP ATELIER
Largest movements
- Receivables within one year +€288,304
up €288,304 (+218%), from €132,431 to €420,735
of which Other amounts receivable: +€280,064
- Deferred charges and accrued income -€41,636
down €41,636 (-46.4%), from €89,687 to €48,051
- Cash +€28,284
up €28,284 (+461%), from €6,139 to €34,423
mainly Short-term financial debts (+€200,000) and Deferred charges and accrued income (+€41,636)
- Tangible fixed assets +€16,013
up €16,013 (+50.2%), from €31,916 to €47,929
of which Leasing and similar rights: +€25,749
- Stocks and contracts +€9,914
up €9,914 (+5.4%), from €183,145 to €193,058
- Short-term financial debts +€200,000
new in 2025: €200,000
- Profit (loss) carried forward +€38,764
up €38,764 (+77.7%), from -€49,869 to -€11,104
- Trade debts +€26,309
up €26,309 (+6.3%), from €419,383 to €445,692
- Debts after one year +€14,837
up €14,837 (+157%), from €9,434 to €24,271
- Current portion of long-term debt +€9,884
up €9,884 (+242%), from €4,080 to €13,964
- Staff costs +€43,891
up €43,891 (+19.0%), from €231,554 to €275,445
- Gross operating margin +€39,051
up €39,051 (+12.5%), from €311,299 to €350,350
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 | €452,199 | €749,949 | +€297,749 | +65.8% |
| Fixed assets | 21/28 | €40,798 | €53,681 | +€12,883 | +31.6% |
| Intangible fixed assets | 21 | €8,882 | €5,751 | -€3,131 | -35.2% |
| Tangible fixed assets | 22/27 | €31,916 | €47,929 | +€16,013 | +50.2% |
| Plant, machinery and equipment | 23 | €10,551 | €8,045 | -€2,506 | -23.8% |
| Furniture and vehicles | 24 | €1,575 | €0 | -€1,575 | -100% |
| Leasing and similar rights | 25 | €13,288 | €39,037 | +€25,749 | +194% |
| Other tangible fixed assets | 26 | €6,502 | €847 | -€5,654 | -87.0% |
| Current assets | 29/58 | €411,401 | €696,268 | +€284,867 | +69.2% |
| Stocks and contracts in progress | 3 | €183,145 | €193,058 | +€9,914 | +5.4% |
| Stocks | 30/36 | €183,145 | €193,058 | +€9,914 | +5.4% |
| Amounts receivable within one year | 40/41 | €132,431 | €420,735 | +€288,304 | +218% |
| Trade receivables | 40 | €15,012 | €23,252 | +€8,240 | +54.9% |
| Other amounts receivable | 41 | €117,419 | €397,483 | +€280,064 | +239% |
| Cash at bank and in hand | 54/58 | €6,139 | €34,423 | +€28,284 | +461% |
| Deferred charges and accrued income | 490/1 | €89,687 | €48,051 | -€41,636 | -46.4% |
| Total equity and liabilities | 10/49 | €452,199 | €749,949 | +€297,749 | +65.8% |
| Equity | 10/15 | -€31,225 | €7,539 | +€38,764 | |
| Contributions | 10/11 | €18,644 | €18,644 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,869 | -€11,104 | +€38,764 | +77.7% |
| Amounts payable | 17/49 | €483,424 | €742,409 | +€258,985 | +53.6% |
| Amounts payable after more than one year | 17 | €9,434 | €24,271 | +€14,837 | +157% |
| Financial debts | 170/4 | €9,434 | €24,271 | +€14,837 | +157% |
| Amounts payable within one year | 42/48 | €473,990 | €718,138 | +€244,148 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €4,080 | €13,964 | +€9,884 | +242% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €419,383 | €445,692 | +€26,309 | +6.3% |
| Suppliers | 440/4 | €419,383 | €445,692 | +€26,309 | +6.3% |
| Taxes, remuneration and social security | 45 | €50,528 | €58,482 | +€7,955 | +15.7% |
| Taxes | 450/3 | €10,626 | €16,422 | +€5,796 | +54.5% |
| Remuneration and social security | 454/9 | €39,902 | €42,061 | +€2,159 | +5.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €231,554 | €275,445 | +€43,891 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,745 | €27,065 | +€1,321 | +5.1% |
| Other operating charges | 640/8 | €6,577 | €5,721 | -€857 | -13.0% |
| Non-recurring operating charges | 66A | €619 | €0 | -€619 | -100% |
| Gross operating margin | 9900 | €311,299 | €350,350 | +€39,051 | +12.5% |
| Operating profit (loss) | 9901 | €46,804 | €42,119 | -€4,684 | -10.0% |
| Financial income | 75/76B | €201 | €515 | +€315 | +156% |
| Recurring financial income | 75 | €201 | €515 | +€315 | +156% |
| Financial charges | 65/66B | €1,062 | €3,870 | +€2,809 | +265% |
| Recurring financial charges | 65 | €1,062 | €3,870 | +€2,809 | +265% |
| Profit (loss) for the period before taxes | 9903 | €45,943 | €38,764 | -€7,179 | -15.6% |
| Profit (loss) for the period | 9904 | €45,943 | €38,764 | -€7,179 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,943 | €38,764 | -€7,179 | -15.6% |
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 18 October 2026 via checked.be.