ARCHITECT DANNY SMEDTS: 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 DANNY SMEDTS
Largest movements
- Cash +€23,330
up €23,330 (+694%), from €3,362 to €26,692
mainly Net result for the year (+€10,202) and Tax, wage and social debts (+€6,507)
- Tangible fixed assets -€5,764
down €5,764 (-22.2%), from €26,016 to €20,252
of which Furniture and vehicles: -€4,052
- Receivables within one year -€3,518
down €3,518 (-35.0%), from €10,052 to €6,534
of which Trade receivables: -€2,239
- Tax, wage and social debts +€6,507
up €6,507 (+482%), from €1,349 to €7,856
of which Remuneration and social security: +€4,356
- Other debts +€5,569
up €5,569 (+252%), from €2,209 to €7,779
- Reserves +€3,201
up €3,201 (+22.1%), from €14,484 to €17,685
- Trade debts -€1,689
down €1,689 (-21.6%), from €7,834 to €6,145
- Gross operating margin +€9,157
up €9,157 (+79.6%), from €11,507 to €20,664
- Taxes +€2,239
up €2,239 (+133%), from €1,679 to €3,918
- Depreciation +€1,403
up €1,403 (+32.2%), from €4,361 to €5,764
- Other operating charges -€222
down €222 (-23.9%), from €930 to €708
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 | €44,477 | €58,064 | +€13,588 | +30.6% |
| Fixed assets | 21/28 | €26,016 | €20,252 | -€5,764 | -22.2% |
| Tangible fixed assets | 22/27 | €26,016 | €20,252 | -€5,764 | -22.2% |
| Plant, machinery and equipment | 23 | €4,019 | €3,611 | -€408 | -10.2% |
| Furniture and vehicles | 24 | €15,866 | €11,814 | -€4,052 | -25.5% |
| Other tangible fixed assets | 26 | €6,131 | €4,827 | -€1,304 | -21.3% |
| Current assets | 29/58 | €18,461 | €37,812 | +€19,352 | +105% |
| Amounts receivable within one year | 40/41 | €10,052 | €6,534 | -€3,518 | -35.0% |
| Trade receivables | 40 | €8,773 | €6,534 | -€2,239 | -25.5% |
| Other amounts receivable | 41 | €1,280 | €0 | -€1,280 | -100% |
| Cash at bank and in hand | 54/58 | €3,362 | €26,692 | +€23,330 | +694% |
| Deferred charges and accrued income | 490/1 | €5,046 | €4,586 | -€459 | -9.1% |
| Total equity and liabilities | 10/49 | €44,477 | €58,064 | +€13,588 | +30.6% |
| Equity | 10/15 | €33,084 | €36,285 | +€3,201 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,484 | €17,685 | +€3,201 | +22.1% |
| Distributable reserves | 133 | €14,484 | €17,685 | +€3,201 | +22.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,392 | €21,779 | +€10,387 | +91.2% |
| Amounts payable within one year | 42/48 | €11,392 | €21,779 | +€10,387 | +91.2% |
| Trade debts | 44 | €7,834 | €6,145 | -€1,689 | -21.6% |
| Suppliers | 440/4 | €7,834 | €6,145 | -€1,689 | -21.6% |
| Taxes, remuneration and social security | 45 | €1,349 | €7,856 | +€6,507 | +482% |
| Taxes | 450/3 | €1,349 | €3,500 | +€2,151 | +159% |
| Remuneration and social security | 454/9 | - | €4,356 | +€4,356 | |
| Other amounts payable | 47/48 | €2,209 | €7,779 | +€5,569 | +252% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,361 | €5,764 | +€1,403 | +32.2% |
| Other operating charges | 640/8 | €930 | €708 | -€222 | -23.9% |
| Gross operating margin | 9900 | €11,507 | €20,664 | +€9,157 | +79.6% |
| Operating profit (loss) | 9901 | €6,217 | €14,192 | +€7,976 | +128% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €161 | €72 | -€89 | -55.1% |
| Recurring financial charges | 65 | €161 | €72 | -€89 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €6,056 | €14,120 | +€8,064 | +133% |
| Income taxes | 67/77 | €1,679 | €3,918 | +€2,239 | +133% |
| Profit (loss) for the period | 9904 | €4,377 | €10,202 | +€5,825 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €4,377 | €10,202 | +€5,825 | +133% |
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 28 October 2026 via checked.be.