Architect Thoelen: what changed
Architect Thoelen
Largest movements
- Cash +€69,701
up €69,701 (+161%), from €43,350 to €113,051
mainly Other debts (+€36,764) and Net result for the year (+€27,811)
- Receivables within one year -€14,717
down €14,717 (-86.7%), from €16,972 to €2,255
of which Trade receivables: -€16,972
- Tangible fixed assets -€13,700
down €13,700 (-19.2%), from €71,361 to €57,662
of which Furniture and vehicles: -€12,018
- Other debts +€36,764
up €36,764 (+740%), from €4,971 to €41,736
- Tax, wage and social debts +€15,913
up €15,913 (+125%), from €12,779 to €28,691
of which Taxes: +€12,863
- Reserves -€12,189
down €12,189 (-10.9%), from €112,142 to €99,952
- Gross operating margin -€19,115
down €19,115 (-27.7%), from €68,903 to €49,788
- Taxes -€3,869
down €3,869 (-33.3%), from €11,614 to €7,745
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,247 | €175,602 | +€41,355 | +30.8% |
| Fixed assets | 21/28 | €71,361 | €57,662 | -€13,700 | -19.2% |
| Tangible fixed assets | 22/27 | €71,361 | €57,662 | -€13,700 | -19.2% |
| Land and buildings | 22 | €25,802 | €24,630 | -€1,173 | -4.5% |
| Plant, machinery and equipment | 23 | €594 | €85 | -€509 | -85.7% |
| Furniture and vehicles | 24 | €44,965 | €32,947 | -€12,018 | -26.7% |
| Current assets | 29/58 | €62,886 | €117,940 | +€55,054 | +87.5% |
| Amounts receivable within one year | 40/41 | €16,972 | €2,255 | -€14,717 | -86.7% |
| Trade receivables | 40 | €16,972 | - | -€16,972 | |
| Other amounts receivable | 41 | - | €2,255 | +€2,255 | |
| Cash at bank and in hand | 54/58 | €43,350 | €113,051 | +€69,701 | +161% |
| Deferred charges and accrued income | 490/1 | €2,564 | €2,634 | +€70 | +2.7% |
| Total equity and liabilities | 10/49 | €134,247 | €175,602 | +€41,355 | +30.8% |
| Equity | 10/15 | €115,142 | €102,952 | -€12,189 | -10.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | - | €3,000 | +€3,000 | |
| Issued capital | 100 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €112,142 | €99,952 | -€12,189 | -10.9% |
| Distributable reserves | 133 | €112,142 | €99,952 | -€12,189 | -10.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €19,106 | €72,650 | +€53,544 | +280% |
| Amounts payable within one year | 42/48 | €19,106 | €72,650 | +€53,544 | +280% |
| Trade debts | 44 | €1,356 | €2,223 | +€867 | +64.0% |
| Suppliers | 440/4 | €1,356 | €2,223 | +€867 | +64.0% |
| Taxes, remuneration and social security | 45 | €12,779 | €28,691 | +€15,913 | +125% |
| Taxes | 450/3 | €12,779 | €25,641 | +€12,863 | +101% |
| Remuneration and social security | 454/9 | - | €3,050 | +€3,050 | |
| Other amounts payable | 47/48 | €4,971 | €41,736 | +€36,764 | +740% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,765 | €13,700 | -€65 | -0.5% |
| Other operating charges | 640/8 | €981 | €462 | -€519 | -52.9% |
| Gross operating margin | 9900 | €68,903 | €49,788 | -€19,115 | -27.7% |
| Operating profit (loss) | 9901 | €54,158 | €35,626 | -€18,531 | -34.2% |
| Financial charges | 65/66B | €94 | €71 | -€23 | -24.7% |
| Recurring financial charges | 65 | €94 | €71 | -€23 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €54,064 | €35,556 | -€18,508 | -34.2% |
| Income taxes | 67/77 | €11,614 | €7,745 | -€3,869 | -33.3% |
| Profit (loss) for the period | 9904 | €42,450 | €27,811 | -€14,639 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,450 | €27,811 | -€14,639 | -34.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.