Architect Frank Vandepitte: 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 Frank Vandepitte
Largest movements
- Receivables within one year -€12,343
down €12,343 (-48.0%), from €25,733 to €13,390
of which Trade receivables: -€12,407
- Cash +€2,834
up €2,834 (+9.4%), from €30,027 to €32,861
mainly Receivables within one year (+€12,343) and Deferred charges and accrued income (+€1,190)
- Deferred charges and accrued income -€1,190
down €1,190 (-48.0%), from €2,477 to €1,287
- Tangible fixed assets -€822
no longer reported in 2025 (was €822)
- Profit (loss) carried forward -€7,403
down €7,403 (-29.2%), from €25,375 to €17,972
- Other debts -€2,012
down €2,012 (-21.5%), from €9,346 to €7,333
- Tax, wage and social debts -€1,890
down €1,890 (-50.1%), from €3,773 to €1,883
- Gross operating margin -€8,036
down €8,036, from €2,492 to -€5,544
- Financial charges -€295
down €295 (-29.6%), from €995 to €701
- Financial income +€119
up €119 (+133%), from €89 to €208
- Depreciation -€79
down €79 (-8.8%), from €901 to €822
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 | €59,059 | €47,538 | -€11,521 | -19.5% |
| Fixed assets | 21/28 | €822 | - | -€822 | |
| Tangible fixed assets | 22/27 | €822 | - | -€822 | |
| Furniture and vehicles | 24 | €822 | - | -€822 | |
| Current assets | 29/58 | €58,237 | €47,538 | -€10,699 | -18.4% |
| Amounts receivable within one year | 40/41 | €25,733 | €13,390 | -€12,343 | -48.0% |
| Trade receivables | 40 | €25,703 | €13,296 | -€12,407 | -48.3% |
| Other amounts receivable | 41 | €30 | €94 | +€63 | +208% |
| Cash at bank and in hand | 54/58 | €30,027 | €32,861 | +€2,834 | +9.4% |
| Deferred charges and accrued income | 490/1 | €2,477 | €1,287 | -€1,190 | -48.0% |
| Total equity and liabilities | 10/49 | €59,059 | €47,538 | -€11,521 | -19.5% |
| Equity | 10/15 | €45,326 | €37,923 | -€7,403 | -16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,351 | €1,351 | = | 0.0% |
| Distributable reserves | 133 | €1,351 | €1,351 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,375 | €17,972 | -€7,403 | -29.2% |
| Amounts payable | 17/49 | €13,733 | €9,615 | -€4,118 | -30.0% |
| Amounts payable within one year | 42/48 | €13,118 | €9,216 | -€3,902 | -29.7% |
| Taxes, remuneration and social security | 45 | €3,773 | €1,883 | -€1,890 | -50.1% |
| Taxes | 450/3 | €3,773 | €1,883 | -€1,890 | -50.1% |
| Other amounts payable | 47/48 | €9,346 | €7,333 | -€2,012 | -21.5% |
| Accrued charges and deferred income | 492/3 | €615 | €399 | -€216 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €901 | €822 | -€79 | -8.8% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €2,492 | -€5,544 | -€8,036 | |
| Operating profit (loss) | 9901 | €1,063 | -€6,910 | -€7,973 | |
| Financial income | 75/76B | €89 | €208 | +€119 | +133% |
| Recurring financial income | 75 | €89 | €208 | +€119 | +133% |
| Financial charges | 65/66B | €995 | €701 | -€295 | -29.6% |
| Recurring financial charges | 65 | €995 | €701 | -€295 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €157 | -€7,403 | -€7,560 | |
| Income taxes | 67/77 | €14 | - | -€14 | |
| Profit (loss) for the period | 9904 | €143 | -€7,403 | -€7,546 | |
| Profit (loss) for the period to be appropriated | 9905 | €143 | -€7,403 | -€7,546 |
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 30 October 2026 via checked.be.