Architect Mark Vandervoort: 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 Mark Vandervoort
Largest movements
- Tangible fixed assets +€28,294
up €28,294 (+284%), from €9,950 to €38,244
of which Furniture and vehicles: +€24,799
- Cash -€20,321
down €20,321 (-52.6%), from €38,635 to €18,315
mainly Investment in fixed assets (net) (-€39,021) and Receivables within one year (-€4,837)
- Receivables within one year +€4,837
up €4,837 (+29.1%), from €16,637 to €21,473
of which Trade receivables: +€6,369
- Reserves +€10,300
up €10,300 (+23.2%), from €44,452 to €54,752
of which Distributable reserves: +€17,300
- Tax, wage and social debts +€7,477
new in 2025: €7,477
- Other debts -€4,774
down €4,774 (-95.4%), from €5,006 to €232
- Trade debts -€1,494
down €1,494 (-44.4%), from €3,364 to €1,870
- Accrued charges and deferred income +€1,301
new in 2025: €1,301
- Depreciation +€6,806
up €6,806 (+174%), from €3,921 to €10,727
- Gross operating margin +€6,198
up €6,198 (+30.3%), from €20,471 to €26,669
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 | €65,222 | €78,031 | +€12,810 | +19.6% |
| Fixed assets | 21/28 | €9,950 | €38,244 | +€28,294 | +284% |
| Tangible fixed assets | 22/27 | €9,950 | €38,244 | +€28,294 | +284% |
| Land and buildings | 22 | €2,119 | €1,695 | -€424 | -20.0% |
| Plant, machinery and equipment | 23 | €448 | €4,366 | +€3,918 | +875% |
| Furniture and vehicles | 24 | €7,383 | €32,183 | +€24,799 | +336% |
| Current assets | 29/58 | €55,272 | €39,788 | -€15,484 | -28.0% |
| Amounts receivable within one year | 40/41 | €16,637 | €21,473 | +€4,837 | +29.1% |
| Trade receivables | 40 | €14,419 | €20,788 | +€6,369 | +44.2% |
| Other amounts receivable | 41 | €2,218 | €685 | -€1,533 | -69.1% |
| Cash at bank and in hand | 54/58 | €38,635 | €18,315 | -€20,321 | -52.6% |
| Total equity and liabilities | 10/49 | €65,222 | €78,031 | +€12,810 | +19.6% |
| Equity | 10/15 | €56,852 | €67,152 | +€10,300 | +18.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €44,452 | €54,752 | +€10,300 | +23.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,681 | €8,681 | -€7,000 | -44.6% |
| Distributable reserves | 133 | €26,910 | €44,210 | +€17,300 | +64.3% |
| Amounts payable | 17/49 | €8,370 | €10,880 | +€2,510 | +30.0% |
| Amounts payable within one year | 42/48 | €8,370 | €9,578 | +€1,208 | +14.4% |
| Trade debts | 44 | €3,364 | €1,870 | -€1,494 | -44.4% |
| Suppliers | 440/4 | €3,364 | €1,870 | -€1,494 | -44.4% |
| Taxes, remuneration and social security | 45 | - | €7,477 | +€7,477 | |
| Taxes | 450/3 | - | €7,477 | +€7,477 | |
| Other amounts payable | 47/48 | €5,006 | €232 | -€4,774 | -95.4% |
| Accrued charges and deferred income | 492/3 | - | €1,301 | +€1,301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,921 | €10,727 | +€6,806 | +174% |
| Other operating charges | 640/8 | €616 | €520 | -€97 | -15.7% |
| Gross operating margin | 9900 | €20,471 | €26,669 | +€6,198 | +30.3% |
| Operating profit (loss) | 9901 | €15,935 | €15,423 | -€512 | -3.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €92 | €126 | +€34 | +36.9% |
| Recurring financial charges | 65 | €92 | €126 | +€34 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €15,843 | €15,297 | -€546 | -3.4% |
| Income taxes | 67/77 | €4,343 | €4,164 | -€179 | -4.1% |
| Profit (loss) for the period | 9904 | €11,500 | €11,133 | -€367 | -3.2% |
| Transfer from tax-exempt reserves | 789 | - | €7,000 | +€7,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,500 | €18,133 | +€6,633 | +57.7% |
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 15 October 2026 via checked.be.