ARCHITECT BRAM STEELANDT: 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 BRAM STEELANDT
Largest movements
- Tangible fixed assets -€12,004
down €12,004 (-8.6%), from €140,289 to €128,285
- Receivables within one year -€10,955
down €10,955 (-71.7%), from €15,282 to €4,327
of which Trade receivables: -€14,990
- Other debts -€15,276
down €15,276 (-48.0%), from €31,841 to €16,564
- Debts after one year -€6,168
down €6,168 (-9.6%), from €64,005 to €57,838
- Tax, wage and social debts -€2,881
down €2,881 (-83.5%), from €3,452 to €571
- Trade debts +€2,030
up €2,030 (+4,715%), from €43 to €2,073
- Gross operating margin -€24,685
down €24,685 (-59.8%), from €41,254 to €16,569
- Taxes -€6,464
down €6,464 (-97.0%), from €6,667 to €202
- Depreciation +€1,856
up €1,856 (+17.3%), from €10,756 to €12,612
- Other operating charges -€499
down €499 (-17.7%), from €2,816 to €2,317
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 | €169,927 | €146,326 | -€23,602 | -13.9% |
| Fixed assets | 21/28 | €142,789 | €130,785 | -€12,004 | -8.4% |
| Tangible fixed assets | 22/27 | €140,289 | €128,285 | -€12,004 | -8.6% |
| Land and buildings | 22 | €91,085 | €87,144 | -€3,941 | -4.3% |
| Plant, machinery and equipment | 23 | €7,936 | €7,155 | -€781 | -9.8% |
| Furniture and vehicles | 24 | €26,804 | €21,194 | -€5,611 | -20.9% |
| Other tangible fixed assets | 26 | €14,463 | €12,792 | -€1,672 | -11.6% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €27,139 | €15,541 | -€11,598 | -42.7% |
| Amounts receivable within one year | 40/41 | €15,282 | €4,327 | -€10,955 | -71.7% |
| Trade receivables | 40 | €14,990 | €0 | -€14,990 | -100% |
| Other amounts receivable | 41 | €292 | €4,327 | +€4,035 | +1,383% |
| Current investments | 50/53 | €1,172 | €1,172 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,590 | €8,231 | -€359 | -4.2% |
| Deferred charges and accrued income | 490/1 | €2,096 | €1,812 | -€284 | -13.5% |
| Total equity and liabilities | 10/49 | €169,927 | €146,326 | -€23,602 | -13.9% |
| Equity | 10/15 | €64,505 | €62,968 | -€1,536 | -2.4% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €51,905 | €51,905 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €146 | €146 | = | 0.0% |
| Distributable reserves | 133 | €51,758 | €51,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€1,536 | -€1,536 | |
| Amounts payable | 17/49 | €105,423 | €83,357 | -€22,065 | -20.9% |
| Amounts payable after more than one year | 17 | €64,005 | €57,838 | -€6,168 | -9.6% |
| Financial debts | 170/4 | €64,005 | €57,838 | -€6,168 | -9.6% |
| Amounts payable within one year | 42/48 | €41,417 | €25,376 | -€16,041 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €6,082 | €6,168 | +€86 | +1.4% |
| Trade debts | 44 | €43 | €2,073 | +€2,030 | +4,715% |
| Suppliers | 440/4 | €43 | €2,073 | +€2,030 | +4,715% |
| Taxes, remuneration and social security | 45 | €3,452 | €571 | -€2,881 | -83.5% |
| Taxes | 450/3 | €3,452 | €571 | -€2,881 | -83.5% |
| Other amounts payable | 47/48 | €31,841 | €16,564 | -€15,276 | -48.0% |
| Accrued charges and deferred income | 492/3 | €0 | €144 | +€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,756 | €12,612 | +€1,856 | +17.3% |
| Other operating charges | 640/8 | €2,816 | €2,317 | -€499 | -17.7% |
| Gross operating margin | 9900 | €41,254 | €16,569 | -€24,685 | -59.8% |
| Operating profit (loss) | 9901 | €27,682 | €1,640 | -€26,042 | -94.1% |
| Financial income | 75/76B | €150 | €74 | -€76 | -50.6% |
| Recurring financial income | 75 | €150 | €74 | -€76 | -50.6% |
| Financial charges | 65/66B | €3,277 | €3,048 | -€229 | -7.0% |
| Recurring financial charges | 65 | €3,277 | €3,048 | -€229 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €24,555 | -€1,334 | -€25,889 | |
| Income taxes | 67/77 | €6,667 | €202 | -€6,464 | -97.0% |
| Profit (loss) for the period | 9904 | €17,889 | -€1,536 | -€19,425 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,889 | -€1,536 | -€19,425 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.