2 (Pi) R: 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.
What changed
2 (Pi) R
NACE 71.111, Activities of building architects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€295,693
2024 · €17,726+€277,966
Equity
€23,328
2024 · €104,605-€81,277
Cash
€10,187
2024 · €10,102+€85
Balance sheet total
€84,548
2024 · €195,597-€111,049
Largest movements
Assets
- Tangible fixed assets -€110,700
down €110,700 (-60.9%), from €181,688 to €70,988
of which Land and buildings: -€104,464
Equity and liabilities
- Profit (loss) carried forward -€45,520
no longer reported in 2025 (was €45,520)
- Reserves -€35,757
down €35,757 (-89.0%), from €40,185 to €4,428
of which Tax-exempt reserves: -€23,257
- Current portion of long-term debt -€14,617
down €14,617 (-51.3%), from €28,479 to €13,862
- Provisions -€10,478
down €10,478 (-90.4%), from €11,585 to €1,107
- Trade debts -€3,084
down €3,084 (-46.8%), from €6,590 to €3,507
Income statement
- Gross operating margin +€351,682
up €351,682 (+695%), from €50,567 to €402,250
- Taxes +€98,746
up €98,746 (+1,285%), from €7,682 to €106,428
- Depreciation -€14,255
down €14,255 (-72.2%), from €19,737 to €5,482
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.
Result 2024
€17,726
Gross operating margin
+€351,682
Depreciation
+€14,255
Other operating charges
+€851
Financial income
-€0
Financial charges
+€886
Taxes
-€98,746
Deferred taxes and other
+€9,038
Result 2025
€295,693
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€286,698
Investment
+€105,219
Financing
-€391,831
Cash 2024
€10,102
From operations (derived)
+€286,698
Net result for the year
+€295,693
Depreciation
+€5,482
Smaller working-capital items
-€905
Deferred charges and accrued income
+€1,021
Provisions
-€10,478
Trade debts
-€3,084
Other debts
-€2,261
Accrued charges and deferred income
+€1,229
Investment (derived)
+€105,219
Investment in fixed assets (net)
+€105,219
Financing
-€391,831
Debts after one year
-€245
Current portion of long-term debt
-€14,617
Contributions, distributions and other
-€376,969
Cash 2025
€10,187
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,597 | €84,548 | -€111,049 | -56.8% |
| Fixed assets | 21/28 | €181,688 | €70,988 | -€110,700 | -60.9% |
| Tangible fixed assets | 22/27 | €181,688 | €70,988 | -€110,700 | -60.9% |
| Land and buildings | 22 | €146,027 | €41,563 | -€104,464 | -71.5% |
| Plant, machinery and equipment | 23 | €34,359 | €28,824 | -€5,535 | -16.1% |
| Furniture and vehicles | 24 | €1,302 | €600 | -€701 | -53.9% |
| Current assets | 29/58 | €13,909 | €13,560 | -€349 | -2.5% |
| Amounts receivable within one year | 40/41 | €637 | €1,224 | +€588 | +92.3% |
| Trade receivables | 40 | - | €1,197 | +€1,197 | |
| Other amounts receivable | 41 | €637 | €28 | -€609 | -95.6% |
| Cash at bank and in hand | 54/58 | €10,102 | €10,187 | +€85 | +0.8% |
| Deferred charges and accrued income | 490/1 | €3,171 | €2,149 | -€1,021 | -32.2% |
| Total equity and liabilities | 10/49 | €195,597 | €84,548 | -€111,049 | -56.8% |
| Equity | 10/15 | €104,605 | €23,328 | -€81,277 | -77.7% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €40,185 | €4,428 | -€35,757 | -89.0% |
| Non-distributable reserves | 130/1 | €1,890 | - | -€1,890 | |
| Reserves not available under the articles | 1311 | €1,890 | - | -€1,890 | |
| Tax-exempt reserves | 132 | €27,685 | €4,428 | -€23,257 | -84.0% |
| Distributable reserves | 133 | €10,610 | - | -€10,610 | |
| Profit (loss) carried forward | 14 | €45,520 | - | -€45,520 | |
| Provisions and deferred taxes | 16 | €11,585 | €1,107 | -€10,478 | -90.4% |
| Deferred taxes | 168 | €11,585 | €1,107 | -€10,478 | -90.4% |
| Amounts payable | 17/49 | €79,408 | €60,113 | -€19,295 | -24.3% |
| Amounts payable after more than one year | 17 | €24,102 | €23,857 | -€245 | -1.0% |
| Financial debts | 170/4 | €24,102 | €23,857 | -€245 | -1.0% |
| Amounts payable within one year | 42/48 | €47,945 | €27,666 | -€20,279 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €28,479 | €13,862 | -€14,617 | -51.3% |
| Trade debts | 44 | €6,590 | €3,507 | -€3,084 | -46.8% |
| Suppliers | 440/4 | €6,590 | €3,507 | -€3,084 | -46.8% |
| Taxes, remuneration and social security | 45 | €5,736 | €5,419 | -€317 | -5.5% |
| Taxes | 450/3 | €5,736 | €5,419 | -€317 | -5.5% |
| Other amounts payable | 47/48 | €7,140 | €4,879 | -€2,261 | -31.7% |
| Accrued charges and deferred income | 492/3 | €7,360 | €8,590 | +€1,229 | +16.7% |
| Non-recurring operating income | 76A | - | €342,497 | +€342,497 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,737 | €5,482 | -€14,255 | -72.2% |
| Other operating charges | 640/8 | €4,076 | €3,226 | -€851 | -20.9% |
| Gross operating margin | 9900 | €50,567 | €402,250 | +€351,682 | +695% |
| Operating profit (loss) | 9901 | €26,754 | €393,543 | +€366,789 | +1,371% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,785 | €1,899 | -€886 | -31.8% |
| Recurring financial charges | 65 | €2,785 | €1,899 | -€886 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €23,968 | €391,643 | +€367,675 | +1,534% |
| Transfer from deferred taxes | 780 | €1,440 | €10,478 | +€9,038 | +628% |
| Income taxes | 67/77 | €7,682 | €106,428 | +€98,746 | +1,285% |
| Profit (loss) for the period | 9904 | €17,726 | €295,693 | +€277,966 | +1,568% |
| Transfer from tax-exempt reserves | 789 | €3,427 | €23,257 | +€19,830 | +579% |
| Profit (loss) for the period to be appropriated | 9905 | €21,153 | €318,950 | +€297,797 | +1,408% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.