Architect Steven Schuddinck: 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 Steven Schuddinck
Largest movements
- Receivables after one year -€7,822
down €7,822 (-84.1%), from €9,306 to €1,484
- Stocks and contracts +€1,769
up €1,769, from €0 to €1,769
- Deferred charges and accrued income -€530
no longer reported in 2025 (was €530)
- Receivables within one year -€311
no longer reported in 2025 (was €311)
of which Other amounts receivable: -€311
- Tangible fixed assets -€280
down €280 (-54.4%), from €514 to €235
of which Furniture and vehicles: -€514
- Profit (loss) carried forward -€3,985
down €3,985 (-22.7%), from -€17,564 to -€21,549
- Trade debts -€2,333
down €2,333 (-40.1%), from €5,822 to €3,489
- Short-term financial debts -€1,838
down €1,838 (-20.0%), from €9,192 to €7,354
- Tax, wage and social debts +€645
up €645 (+79.4%), from €812 to €1,458
of which Taxes: +€1,345
- Accrued charges and deferred income +€336
new in 2025: €336
- Other operating charges -€1,887
down €1,887 (-70.2%), from €2,687 to €800
- Gross operating margin +€1,505
up €1,505 (+55.5%), from -€2,712 to -€1,207
- Financial charges +€506
up €506 (+35.5%), from €1,424 to €1,930
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 | €10,662 | €3,488 | -€7,174 | -67.3% |
| Fixed assets | 21/28 | €514 | €235 | -€280 | -54.4% |
| Tangible fixed assets | 22/27 | €514 | €235 | -€280 | -54.4% |
| Plant, machinery and equipment | 23 | - | €235 | +€235 | |
| Furniture and vehicles | 24 | €514 | - | -€514 | |
| Current assets | 29/58 | €10,147 | €3,253 | -€6,895 | -67.9% |
| Amounts receivable after more than one year | 29 | €9,306 | €1,484 | -€7,822 | -84.1% |
| Other amounts receivable | 291 | €9,306 | €1,484 | -€7,822 | -84.1% |
| Stocks and contracts in progress | 3 | €0 | €1,769 | +€1,769 | |
| Contracts in progress | 37 | €0 | €1,769 | +€1,769 | |
| Amounts receivable within one year | 40/41 | €311 | - | -€311 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €311 | - | -€311 | |
| Deferred charges and accrued income | 490/1 | €530 | - | -€530 | |
| Total equity and liabilities | 10/49 | €10,662 | €3,488 | -€7,174 | -67.3% |
| Equity | 10/15 | -€5,164 | -€9,149 | -€3,985 | -77.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,564 | -€21,549 | -€3,985 | -22.7% |
| Amounts payable | 17/49 | €15,826 | €12,637 | -€3,189 | -20.2% |
| Amounts payable within one year | 42/48 | €15,826 | €12,301 | -€3,526 | -22.3% |
| Financial debts | 43 | €9,192 | €7,354 | -€1,838 | -20.0% |
| Credit institutions | 430/8 | €9,192 | €7,354 | -€1,838 | -20.0% |
| Trade debts | 44 | €5,822 | €3,489 | -€2,333 | -40.1% |
| Suppliers | 440/4 | €5,822 | €3,489 | -€2,333 | -40.1% |
| Taxes, remuneration and social security | 45 | €812 | €1,458 | +€645 | +79.4% |
| Taxes | 450/3 | €112 | €1,458 | +€1,345 | +1,196% |
| Remuneration and social security | 454/9 | €700 | - | -€700 | |
| Accrued charges and deferred income | 492/3 | - | €336 | +€336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280 | €280 | = | 0.0% |
| Other operating charges | 640/8 | €2,687 | €800 | -€1,887 | -70.2% |
| Gross operating margin | 9900 | -€2,712 | -€1,207 | +€1,505 | +55.5% |
| Operating profit (loss) | 9901 | -€5,679 | -€2,286 | +€3,393 | +59.7% |
| Financial income | 75/76B | €233 | €231 | -€2 | -0.8% |
| Recurring financial income | 75 | €233 | €231 | -€2 | -0.8% |
| Financial charges | 65/66B | €1,424 | €1,930 | +€506 | +35.5% |
| Recurring financial charges | 65 | €1,424 | €1,930 | +€506 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,870 | -€3,985 | +€2,885 | +42.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,870 | -€3,985 | +€2,885 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,870 | -€3,985 | +€2,885 | +42.0% |
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 16 October 2026 via checked.be.