Architect Phillippe Minsart: 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 Phillippe Minsart
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Accrued charges and deferred income +€16,203
up €16,203 (+33.2%), from €48,749 to €64,952
- Trade debts -€11,422
down €11,422 (-3.3%), from €344,717 to €333,295
- Financial charges +€3,625
up €3,625 (+17.5%), from €20,693 to €24,318
- Gross operating margin +€3,560
up €3,560 (+11.4%), from €31,337 to €34,897
- Other operating charges -€729
down €729 (-8.7%), from €8,394 to €7,665
- Depreciation +€389
up €389 (+17.5%), from €2,221 to €2,610
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €884,786 | €883,826 | -€960 | -0.1% |
| Fixed assets | 21/28 | €5,623 | €3,013 | -€2,610 | -46.4% |
| Tangible fixed assets | 22/27 | €5,623 | €3,013 | -€2,610 | -46.4% |
| Plant, machinery and equipment | 23 | €651 | €176 | -€475 | -73.0% |
| Furniture and vehicles | 24 | €4,972 | €2,837 | -€2,135 | -42.9% |
| Current assets | 29/58 | €879,163 | €880,813 | +€1,650 | +0.2% |
| Stocks and contracts in progress | 3 | €400,000 | €400,000 | = | 0.0% |
| Contracts in progress | 37 | €400,000 | €400,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €479,163 | €480,813 | +€1,650 | +0.3% |
| Trade receivables | 40 | €475,439 | €471,071 | -€4,368 | -0.9% |
| Other amounts receivable | 41 | €3,724 | €9,742 | +€6,018 | +162% |
| Total equity and liabilities | 10/49 | €884,786 | €883,826 | -€960 | -0.1% |
| Equity | 10/15 | €156,661 | €156,743 | +€82 | +0.1% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Capital | 10 | €38,000 | €38,000 | = | 0.0% |
| Issued capital | 100 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €3,800 | €3,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,800 | €3,800 | = | 0.0% |
| Legal reserve | 130 | €3,800 | €3,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,861 | €114,943 | +€82 | +0.1% |
| Amounts payable | 17/49 | €728,125 | €727,083 | -€1,042 | -0.1% |
| Amounts payable after more than one year | 17 | €145,694 | €145,694 | = | 0.0% |
| Financial debts | 170/4 | €145,694 | €145,694 | = | 0.0% |
| Amounts payable within one year | 42/48 | €533,682 | €516,437 | -€17,245 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €7,413 | - | -€7,413 | |
| Financial debts | 43 | €44,448 | €37,436 | -€7,012 | -15.8% |
| Credit institutions | 430/8 | €44,448 | €37,436 | -€7,012 | -15.8% |
| Trade debts | 44 | €344,717 | €333,295 | -€11,422 | -3.3% |
| Suppliers | 440/4 | €344,717 | €333,295 | -€11,422 | -3.3% |
| Taxes, remuneration and social security | 45 | €1,072 | €6,506 | +€5,434 | +507% |
| Taxes | 450/3 | €1,072 | €6,506 | +€5,434 | +507% |
| Other amounts payable | 47/48 | €136,032 | €139,200 | +€3,168 | +2.3% |
| Accrued charges and deferred income | 492/3 | €48,749 | €64,952 | +€16,203 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,221 | €2,610 | +€389 | +17.5% |
| Other operating charges | 640/8 | €8,394 | €7,665 | -€729 | -8.7% |
| Gross operating margin | 9900 | €31,337 | €34,897 | +€3,560 | +11.4% |
| Operating profit (loss) | 9901 | €20,722 | €24,622 | +€3,900 | +18.8% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €20,693 | €24,318 | +€3,625 | +17.5% |
| Recurring financial charges | 65 | €20,693 | €24,318 | +€3,625 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €29 | €312 | +€283 | +976% |
| Income taxes | 67/77 | €14 | €230 | +€216 | +1,543% |
| Profit (loss) for the period | 9904 | €15 | €82 | +€67 | +447% |
| Profit (loss) for the period to be appropriated | 9905 | €15 | €82 | +€67 | +447% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.