ATELIER X: what changed
Two fiscal 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.
ATELIER X
Largest movements
- Tangible fixed assets -€54,668
down €54,668 (-9.2%), from €594,327 to €539,659
of which Land and buildings: -€41,388
- Receivables within one year +€34,518
up €34,518 (+175.3%), from €19,687 to €54,205
of which Trade receivables: +€39,420
- Cash +€8,555
up €8,555 (+6.2%), from €136,971 to €145,526
mainly Depreciation (+€55,389) and Net result for the year (+€19,374)
- Debts after one year -€28,757
down €28,757 (-7.6%), from €377,917 to €349,160
- Trade debts -€24,300
down €24,300 (-84.0%), from €28,934 to €4,634
- Reserves +€19,374
up €19,374 (+6.5%), from €299,053 to €318,427
of which Distributable reserves: +€19,374
- Other debts +€9,588
up €9,588 (+612.3%), from €1,566 to €11,154
- Tax, wage and social debts +€9,124
up €9,124 (+1290.1%), from €707 to €9,832
of which Taxes: +€9,124
- Gross operating margin -€56,037
down €56,037 (-35.3%), from €158,850 to €102,813
- Other operating charges -€42,350
down €42,350 (-92.9%), from €45,611 to €3,261
- Depreciation +€11,393
up €11,393 (+25.9%), from €43,996 to €55,389
- Taxes -€8,210
down €8,210 (-41.0%), from €20,000 to €11,790
- Financial charges +€5,613
up €5,613 (+75.7%), from €7,412 to €13,025
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.
Cash bridge derived
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 | €756,301 | €741,528 | -€14,773 | -2.0% |
| Fixed assets | 21/28 | €595,887 | €540,829 | -€55,058 | -9.2% |
| Intangible fixed assets | 21 | €1,560 | €1,170 | -€390 | -25.0% |
| Tangible fixed assets | 22/27 | €594,327 | €539,659 | -€54,668 | -9.2% |
| Land and buildings | 22 | €542,917 | €501,529 | -€41,388 | -7.6% |
| Plant, machinery and equipment | 23 | €8,010 | €3,740 | -€4,270 | -53.3% |
| Furniture and vehicles | 24 | €43,401 | €34,391 | -€9,010 | -20.8% |
| Current assets | 29/58 | €160,414 | €200,699 | +€40,285 | +25.1% |
| Amounts receivable within one year | 40/41 | €19,687 | €54,205 | +€34,518 | +175.3% |
| Trade receivables | 40 | €14,734 | €54,154 | +€39,420 | +267.5% |
| Other amounts receivable | 41 | €4,952 | €50 | -€4,902 | -99.0% |
| Cash at bank and in hand | 54/58 | €136,971 | €145,526 | +€8,555 | +6.2% |
| Deferred charges and accrued income | 490/1 | €3,756 | €968 | -€2,788 | -74.2% |
| Total equity and liabilities | 10/49 | €756,301 | €741,528 | -€14,773 | -2.0% |
| Equity | 10/15 | €318,075 | €337,449 | +€19,374 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €299,053 | €318,427 | +€19,374 | +6.5% |
| Tax-exempt reserves | 132 | €71,570 | €71,570 | = | 0.0% |
| Distributable reserves | 133 | €227,483 | €246,857 | +€19,374 | +8.5% |
| Profit (loss) carried forward | 14 | €422 | €422 | = | 0.0% |
| Amounts payable | 17/49 | €438,226 | €404,079 | -€34,147 | -7.8% |
| Amounts payable after more than one year | 17 | €377,917 | €349,160 | -€28,757 | -7.6% |
| Financial debts | 170/4 | €377,917 | €349,160 | -€28,757 | -7.6% |
| Amounts payable within one year | 42/48 | €60,309 | €54,920 | -€5,389 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €29,014 | €29,131 | +€116 | +0.4% |
| Financial debts | 43 | €87 | €170 | +€82 | +94.0% |
| Credit institutions | 430/8 | €87 | €170 | +€82 | +94.0% |
| Trade debts | 44 | €28,934 | €4,634 | -€24,300 | -84.0% |
| Suppliers | 440/4 | €28,934 | €4,634 | -€24,300 | -84.0% |
| Taxes, remuneration and social security | 45 | €707 | €9,832 | +€9,124 | +1290.1% |
| Taxes | 450/3 | €707 | €9,832 | +€9,124 | +1290.1% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €1,566 | €11,154 | +€9,588 | +612.3% |
| Non-recurring operating income | 76A | - | €331 | +€331 | |
| Remuneration, social security and pensions | 62 | €220 | €0 | -€220 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,996 | €55,389 | +€11,393 | +25.9% |
| Other operating charges | 640/8 | €45,611 | €3,261 | -€42,350 | -92.9% |
| Gross operating margin | 9900 | €158,850 | €102,813 | -€56,037 | -35.3% |
| Operating profit (loss) | 9901 | €69,023 | €44,163 | -€24,860 | -36.0% |
| Financial income | 75/76B | €117 | €26 | -€91 | -77.7% |
| Recurring financial income | 75 | €117 | €26 | -€91 | -77.7% |
| Financial charges | 65/66B | €7,412 | €13,025 | +€5,613 | +75.7% |
| Recurring financial charges | 65 | €7,412 | €13,025 | +€5,613 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €61,728 | €31,164 | -€30,564 | -49.5% |
| Income taxes | 67/77 | €20,000 | €11,790 | -€8,210 | -41.0% |
| Profit (loss) for the period | 9904 | €41,728 | €19,374 | -€22,355 | -53.6% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €41,728 | €19,374 | -€22,355 | -53.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.