'T 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.
'T ATELIER
Largest movements
- Cash +€92,720
up €92,720 (+28.2%), from €328,964 to €421,684
mainly Other debts (+€231,370) and Net result for the year (+€136,221)
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets -€16,704
down €16,704 (-3.6%), from €459,402 to €442,698
of which Other tangible fixed assets: -€8,775
- Other debts +€231,370
up €231,370 (+1,468%), from €15,761 to €247,131
- Profit (loss) carried forward -€98,779
down €98,779 (-23.6%), from €418,677 to €319,899
- Debts after one year -€31,844
down €31,844 (-10.9%), from €291,596 to €259,752
- Tax, wage and social debts +€16,769
up €16,769 (+48.1%), from €34,886 to €51,655
of which Taxes: +€19,585
- Trade debts +€10,182
up €10,182 (+118%), from €8,615 to €18,797
- Gross operating margin +€90,831
up €90,831 (+30.6%), from €296,644 to €387,475
- Taxes +€21,899
up €21,899 (+126%), from €17,377 to €39,276
- Depreciation +€19,597
up €19,597 (+40.0%), from €48,953 to €68,550
- Staff costs +€7,931
up €7,931 (+6.7%), from €118,177 to €126,108
- Financial charges +€4,246
up €4,246 (+34.0%), from €12,481 to €16,727
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 | €819,092 | €947,678 | +€128,586 | +15.7% |
| Fixed assets | 21/28 | €459,402 | €442,698 | -€16,704 | -3.6% |
| Tangible fixed assets | 22/27 | €459,402 | €442,698 | -€16,704 | -3.6% |
| Plant, machinery and equipment | 23 | €169,143 | €162,097 | -€7,046 | -4.2% |
| Furniture and vehicles | 24 | €3,720 | €2,836 | -€884 | -23.8% |
| Other tangible fixed assets | 26 | €286,540 | €277,765 | -€8,775 | -3.1% |
| Current assets | 29/58 | €359,690 | €504,980 | +€145,290 | +40.4% |
| Stocks and contracts in progress | 3 | €20,507 | €25,316 | +€4,809 | +23.5% |
| Stocks | 30/36 | €20,507 | €25,316 | +€4,809 | +23.5% |
| Amounts receivable within one year | 40/41 | €4,401 | €4,253 | -€148 | -3.4% |
| Trade receivables | 40 | €571 | €3,417 | +€2,845 | +498% |
| Other amounts receivable | 41 | €3,830 | €837 | -€2,993 | -78.2% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €328,964 | €421,684 | +€92,720 | +28.2% |
| Deferred charges and accrued income | 490/1 | €5,818 | €3,727 | -€2,091 | -35.9% |
| Total equity and liabilities | 10/49 | €819,092 | €947,678 | +€128,586 | +15.7% |
| Equity | 10/15 | €437,277 | €338,499 | -€98,779 | -22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €418,677 | €319,899 | -€98,779 | -23.6% |
| Amounts payable | 17/49 | €381,815 | €609,179 | +€227,365 | +59.5% |
| Amounts payable after more than one year | 17 | €291,596 | €259,752 | -€31,844 | -10.9% |
| Financial debts | 170/4 | €291,596 | €259,752 | -€31,844 | -10.9% |
| Amounts payable within one year | 42/48 | €89,969 | €349,428 | +€259,459 | +288% |
| Current portion of amounts payable after more than one year | 42 | €30,707 | €31,844 | +€1,137 | +3.7% |
| Trade debts | 44 | €8,615 | €18,797 | +€10,182 | +118% |
| Suppliers | 440/4 | €8,615 | €18,797 | +€10,182 | +118% |
| Taxes, remuneration and social security | 45 | €34,886 | €51,655 | +€16,769 | +48.1% |
| Taxes | 450/3 | €7,930 | €27,515 | +€19,585 | +247% |
| Remuneration and social security | 454/9 | €26,956 | €24,140 | -€2,816 | -10.4% |
| Other amounts payable | 47/48 | €15,761 | €247,131 | +€231,370 | +1,468% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €118,177 | €126,108 | +€7,931 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,953 | €68,550 | +€19,597 | +40.0% |
| Other operating charges | 640/8 | €670 | €645 | -€24 | -3.6% |
| Gross operating margin | 9900 | €296,644 | €387,475 | +€90,831 | +30.6% |
| Operating profit (loss) | 9901 | €128,844 | €192,171 | +€63,327 | +49.2% |
| Financial income | 75/76B | €597 | €54 | -€543 | -91.0% |
| Recurring financial income | 75 | €597 | €54 | -€543 | -91.0% |
| Financial charges | 65/66B | €12,481 | €16,727 | +€4,246 | +34.0% |
| Recurring financial charges | 65 | €12,481 | €16,727 | +€4,246 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €116,960 | €175,497 | +€58,538 | +50.0% |
| Income taxes | 67/77 | €17,377 | €39,276 | +€21,899 | +126% |
| Profit (loss) for the period | 9904 | €99,583 | €136,221 | +€36,639 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €99,583 | €136,221 | +€36,639 | +36.8% |
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 22 October 2026 via checked.be.