architect Els Claessens: 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 Els Claessens
Largest movements
- Cash -€222,363
down €222,363 (-73.0%), from €304,723 to €82,360
mainly Contributions, distributions and other (-€251,750) and Current investments (-€200,000)
- Current investments +€200,000
up €200,000 (+26.7%), from €750,000 to €950,000
- Receivables within one year +€125,178
up €125,178 (+251%), from €49,962 to €175,140
of which Other amounts receivable: +€83,653
- Deferred charges and accrued income -€14,207
down €14,207 (-67.3%), from €21,101 to €6,894
- Other debts +€187,383
up €187,383 (+202%), from €92,658 to €280,042
- Reserves -€92,080
down €92,080 (-9.7%), from €953,359 to €861,279
of which Distributable reserves: -€92,080
- Gross operating margin -€152,833
down €152,833 (-39.2%), from €389,400 to €236,568
- Taxes -€52,315
down €52,315 (-41.1%), from €127,373 to €75,058
- Financial income -€6,115
down €6,115 (-37.2%), from €16,423 to €10,308
- Financial charges +€4,430
up €4,430 (+2,239%), from €198 to €4,628
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 | €1,136,769 | €1,232,928 | +€96,159 | +8.5% |
| Fixed assets | 21/28 | €10,983 | €18,535 | +€7,551 | +68.8% |
| Tangible fixed assets | 22/27 | €10,983 | €18,535 | +€7,551 | +68.8% |
| Furniture and vehicles | 24 | €10,737 | €272 | -€10,465 | -97.5% |
| Other tangible fixed assets | 26 | €247 | €18,263 | +€18,016 | +7,302% |
| Current assets | 29/58 | €1,125,785 | €1,214,393 | +€88,608 | +7.9% |
| Amounts receivable within one year | 40/41 | €49,962 | €175,140 | +€125,178 | +251% |
| Trade receivables | 40 | €49,962 | €91,487 | +€41,525 | +83.1% |
| Other amounts receivable | 41 | €0 | €83,653 | +€83,653 | |
| Current investments | 50/53 | €750,000 | €950,000 | +€200,000 | +26.7% |
| Cash at bank and in hand | 54/58 | €304,723 | €82,360 | -€222,363 | -73.0% |
| Deferred charges and accrued income | 490/1 | €21,101 | €6,894 | -€14,207 | -67.3% |
| Total equity and liabilities | 10/49 | €1,136,769 | €1,232,928 | +€96,159 | +8.5% |
| Equity | 10/15 | €965,759 | €873,679 | -€92,080 | -9.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €953,359 | €861,279 | -€92,080 | -9.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €951,499 | €859,419 | -€92,080 | -9.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €171,010 | €359,249 | +€188,239 | +110% |
| Amounts payable within one year | 42/48 | €171,010 | €355,660 | +€184,650 | +108% |
| Trade debts | 44 | €21,269 | €17,898 | -€3,371 | -15.8% |
| Suppliers | 440/4 | €21,269 | €17,898 | -€3,371 | -15.8% |
| Taxes, remuneration and social security | 45 | €57,083 | €57,720 | +€637 | +1.1% |
| Taxes | 450/3 | €57,083 | €57,720 | +€637 | +1.1% |
| Other amounts payable | 47/48 | €92,658 | €280,042 | +€187,383 | +202% |
| Accrued charges and deferred income | 492/3 | - | €3,589 | +€3,589 | |
| Non-recurring operating income | 76A | - | €22,901 | +€22,901 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,304 | €6,404 | +€1,100 | +20.7% |
| Other operating charges | 640/8 | €3,243 | €1,116 | -€2,127 | -65.6% |
| Gross operating margin | 9900 | €389,400 | €236,568 | -€152,833 | -39.2% |
| Operating profit (loss) | 9901 | €380,854 | €229,048 | -€151,806 | -39.9% |
| Financial income | 75/76B | €16,423 | €10,308 | -€6,115 | -37.2% |
| Recurring financial income | 75 | €16,423 | €10,308 | -€6,115 | -37.2% |
| Financial charges | 65/66B | €198 | €4,628 | +€4,430 | +2,239% |
| Recurring financial charges | 65 | €198 | €4,628 | +€4,430 | +2,239% |
| Profit (loss) for the period before taxes | 9903 | €397,079 | €234,729 | -€162,350 | -40.9% |
| Income taxes | 67/77 | €127,373 | €75,058 | -€52,315 | -41.1% |
| Profit (loss) for the period | 9904 | €269,705 | €159,671 | -€110,035 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €269,705 | €159,671 | -€110,035 | -40.8% |
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 29 October 2026 via checked.be.