ARCHITECT PETER SPIESSENS: 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 PETER SPIESSENS
Largest movements
- Cash -€27,524
down €27,524 (-10.2%), from €270,465 to €242,941
mainly Contributions, distributions and other (-€131,608) and Current investments (-€22,000)
- Current investments +€22,000
up €22,000 (+37.9%), from €58,000 to €80,000
- Reserves -€117,886
down €117,886 (-47.2%), from €249,927 to €132,041
- Other debts +€114,418
up €114,418 (+205%), from €55,789 to €170,207
- Tax, wage and social debts -€8,503
down €8,503 (-51.0%), from €16,688 to €8,185
- Short-term financial debts +€4,964
up €4,964 (+4,464%), from €111 to €5,076
- Gross operating margin -€51,465
down €51,465 (-67.8%), from €75,922 to €24,457
- Taxes -€13,397
down €13,397 (-68.7%), from €19,507 to €6,110
- Financial charges -€1,091
down €1,091 (-25.1%), from €4,351 to €3,260
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 | €351,506 | €345,495 | -€6,011 | -1.7% |
| Fixed assets | 21/28 | €6,559 | €4,997 | -€1,562 | -23.8% |
| Tangible fixed assets | 22/27 | €6,559 | €4,997 | -€1,562 | -23.8% |
| Land and buildings | 22 | €4,233 | €3,668 | -€565 | -13.3% |
| Furniture and vehicles | 24 | €2,327 | €1,330 | -€997 | -42.9% |
| Current assets | 29/58 | €344,947 | €340,497 | -€4,449 | -1.3% |
| Amounts receivable within one year | 40/41 | €7,085 | €9,288 | +€2,203 | +31.1% |
| Trade receivables | 40 | €3,025 | €0 | -€3,025 | -100% |
| Other amounts receivable | 41 | €4,060 | €9,288 | +€5,228 | +129% |
| Current investments | 50/53 | €58,000 | €80,000 | +€22,000 | +37.9% |
| Cash at bank and in hand | 54/58 | €270,465 | €242,941 | -€27,524 | -10.2% |
| Deferred charges and accrued income | 490/1 | €9,396 | €8,268 | -€1,128 | -12.0% |
| Total equity and liabilities | 10/49 | €351,506 | €345,495 | -€6,011 | -1.7% |
| Equity | 10/15 | €268,527 | €150,641 | -€117,886 | -43.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €249,927 | €132,041 | -€117,886 | -47.2% |
| Distributable reserves | 133 | €249,927 | €132,041 | -€117,886 | -47.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €82,979 | €194,854 | +€111,875 | +135% |
| Amounts payable within one year | 42/48 | €82,979 | €194,854 | +€111,875 | +135% |
| Financial debts | 43 | €111 | €5,076 | +€4,964 | +4,464% |
| Credit institutions | 430/8 | €111 | €5,076 | +€4,964 | +4,464% |
| Trade debts | 44 | €10,391 | €11,387 | +€996 | +9.6% |
| Suppliers | 440/4 | €10,391 | €11,387 | +€996 | +9.6% |
| Taxes, remuneration and social security | 45 | €16,688 | €8,185 | -€8,503 | -51.0% |
| Taxes | 450/3 | €16,688 | €8,185 | -€8,503 | -51.0% |
| Other amounts payable | 47/48 | €55,789 | €170,207 | +€114,418 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,562 | €1,562 | -€0 | 0.0% |
| Other operating charges | 640/8 | €633 | €1,084 | +€450 | +71.1% |
| Non-recurring operating charges | 66A | €200 | €0 | -€200 | -100% |
| Gross operating margin | 9900 | €75,922 | €24,457 | -€51,465 | -67.8% |
| Operating profit (loss) | 9901 | €73,527 | €21,811 | -€51,715 | -70.3% |
| Financial income | 75/76B | €1,200 | €1,281 | +€81 | +6.7% |
| Recurring financial income | 75 | €1,200 | €1,281 | +€81 | +6.7% |
| Financial charges | 65/66B | €4,351 | €3,260 | -€1,091 | -25.1% |
| Recurring financial charges | 65 | €4,351 | €3,260 | -€1,091 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €70,376 | €19,832 | -€50,544 | -71.8% |
| Income taxes | 67/77 | €19,507 | €6,110 | -€13,397 | -68.7% |
| Profit (loss) for the period | 9904 | €50,869 | €13,722 | -€37,147 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,869 | €13,722 | -€37,147 | -73.0% |
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 31 October 2026 via checked.be.