ARCHITECT BART HOUBEN: 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.
ARCHITECT BART HOUBEN
Largest movements
- Tangible fixed assets +€4,544
new in 2025: €4,544
- Deferred charges and accrued income -€1,607
no longer reported in 2025 (was €1,607)
- Receivables within one year +€1,575
up €1,575 (+24.1%), from €6,524 to €8,099
of which Other amounts receivable: +€807
- Cash -€877
down €877 (-10.6%), from €8,239 to €7,362
mainly Investment in fixed assets (net) (-€5,002) and Other debts (-€3,859)
- Reserves +€7,118
up €7,118 (+108%), from €6,581 to €13,699
- Other debts -€3,859
no longer reported in 2025 (was €3,859)
- Trade debts +€885
up €885 (+145%), from €609 to €1,494
- Tax, wage and social debts -€509
down €509 (-11.8%), from €4,321 to €3,812
- Gross operating margin +€1,078
up €1,078 (+11.0%), from €9,796 to €10,874
- Depreciation +€458
new in 2025: €458
- Taxes +€110
up €110 (+3.8%), from €2,893 to €3,003
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 | €16,370 | €20,005 | +€3,635 | +22.2% |
| Fixed assets | 21/28 | - | €4,544 | +€4,544 | |
| Tangible fixed assets | 22/27 | - | €4,544 | +€4,544 | |
| Furniture and vehicles | 24 | - | €4,544 | +€4,544 | |
| Current assets | 29/58 | €16,370 | €15,461 | -€909 | -5.6% |
| Amounts receivable within one year | 40/41 | €6,524 | €8,099 | +€1,575 | +24.1% |
| Trade receivables | 40 | €6,273 | €7,041 | +€768 | +12.2% |
| Other amounts receivable | 41 | €251 | €1,058 | +€807 | +322% |
| Cash at bank and in hand | 54/58 | €8,239 | €7,362 | -€877 | -10.6% |
| Deferred charges and accrued income | 490/1 | €1,607 | - | -€1,607 | |
| Total equity and liabilities | 10/49 | €16,370 | €20,005 | +€3,635 | +22.2% |
| Equity | 10/15 | €7,581 | €14,699 | +€7,118 | +93.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,581 | €13,699 | +€7,118 | +108% |
| Distributable reserves | 133 | €6,581 | €13,699 | +€7,118 | +108% |
| Amounts payable | 17/49 | €8,789 | €5,306 | -€3,483 | -39.6% |
| Amounts payable within one year | 42/48 | €8,789 | €5,306 | -€3,483 | -39.6% |
| Trade debts | 44 | €609 | €1,494 | +€885 | +145% |
| Suppliers | 440/4 | €609 | €1,494 | +€885 | +145% |
| Taxes, remuneration and social security | 45 | €4,321 | €3,812 | -€509 | -11.8% |
| Taxes | 450/3 | €4,321 | €3,812 | -€509 | -11.8% |
| Other amounts payable | 47/48 | €3,859 | - | -€3,859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €458 | +€458 | |
| Other operating charges | 640/8 | €289 | €260 | -€29 | -10.0% |
| Gross operating margin | 9900 | €9,796 | €10,874 | +€1,078 | +11.0% |
| Operating profit (loss) | 9901 | €9,507 | €10,156 | +€649 | +6.8% |
| Financial income | 75/76B | €10 | €10 | = | 0.0% |
| Recurring financial income | 75 | €10 | €10 | = | 0.0% |
| Financial charges | 65/66B | €43 | €45 | +€2 | +4.7% |
| Recurring financial charges | 65 | €43 | €45 | +€2 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €9,474 | €10,121 | +€647 | +6.8% |
| Income taxes | 67/77 | €2,893 | €3,003 | +€110 | +3.8% |
| Profit (loss) for the period | 9904 | €6,581 | €7,118 | +€537 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,581 | €7,118 | +€537 | +8.2% |
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.