ARCHITECT TOM BEEUSAERT: 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 TOM BEEUSAERT
Largest movements
- Receivables within one year +€23,190
up €23,190 (+25.4%), from €91,427 to €114,618
of which Trade receivables: +€17,347
- Tangible fixed assets -€17,300
down €17,300 (-32.3%), from €53,538 to €36,239
of which Furniture and vehicles: -€9,674
- Cash +€2,897
up €2,897 (+8.4%), from €34,373 to €37,270
mainly Other debts (+€31,941) and Depreciation (+€17,300)
- Other debts +€31,941
new in 2025: €31,941
- Reserves -€31,725
down €31,725 (-20.4%), from €155,788 to €124,063
- Trade debts +€11,145
up €11,145 (+447%), from €2,493 to €13,638
- Current portion of long-term debt -€4,470
down €4,470 (-43.8%), from €10,216 to €5,745
- Tax, wage and social debts +€4,112
up €4,112 (+49.8%), from €8,253 to €12,365
of which Remuneration and social security: +€3,025
- Gross operating margin +€2,661
up €2,661 (+15.9%), from €16,752 to €19,413
- Financial charges +€369
up €369 (+149%), from €247 to €617
- Depreciation -€293
down €293 (-1.7%), from €17,593 to €17,300
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 | €185,321 | €194,402 | +€9,081 | +4.9% |
| Fixed assets | 21/28 | €53,538 | €36,239 | -€17,300 | -32.3% |
| Tangible fixed assets | 22/27 | €53,538 | €36,239 | -€17,300 | -32.3% |
| Plant, machinery and equipment | 23 | €2,302 | €775 | -€1,527 | -66.3% |
| Furniture and vehicles | 24 | €13,627 | €3,953 | -€9,674 | -71.0% |
| Other tangible fixed assets | 26 | €37,609 | €31,510 | -€6,099 | -16.2% |
| Current assets | 29/58 | €131,782 | €158,163 | +€26,381 | +20.0% |
| Amounts receivable after more than one year | 29 | €2,500 | €2,500 | = | 0.0% |
| Other amounts receivable | 291 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €91,427 | €114,618 | +€23,190 | +25.4% |
| Trade receivables | 40 | €53,021 | €70,368 | +€17,347 | +32.7% |
| Other amounts receivable | 41 | €38,406 | €44,249 | +€5,844 | +15.2% |
| Cash at bank and in hand | 54/58 | €34,373 | €37,270 | +€2,897 | +8.4% |
| Deferred charges and accrued income | 490/1 | €3,482 | €3,775 | +€293 | +8.4% |
| Total equity and liabilities | 10/49 | €185,321 | €194,402 | +€9,081 | +4.9% |
| Equity | 10/15 | €161,988 | €130,263 | -€31,725 | -19.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €155,788 | €124,063 | -€31,725 | -20.4% |
| Distributable reserves | 133 | €155,788 | €124,063 | -€31,725 | -20.4% |
| Amounts payable | 17/49 | €23,332 | €64,139 | +€40,807 | +175% |
| Amounts payable after more than one year | 17 | €2,371 | - | -€2,371 | |
| Financial debts | 170/4 | €2,371 | - | -€2,371 | |
| Amounts payable within one year | 42/48 | €20,961 | €63,689 | +€42,728 | +204% |
| Current portion of amounts payable after more than one year | 42 | €10,216 | €5,745 | -€4,470 | -43.8% |
| Trade debts | 44 | €2,493 | €13,638 | +€11,145 | +447% |
| Suppliers | 440/4 | €2,493 | €13,638 | +€11,145 | +447% |
| Taxes, remuneration and social security | 45 | €8,253 | €12,365 | +€4,112 | +49.8% |
| Taxes | 450/3 | €8,253 | €9,340 | +€1,087 | +13.2% |
| Remuneration and social security | 454/9 | - | €3,025 | +€3,025 | |
| Other amounts payable | 47/48 | - | €31,941 | +€31,941 | |
| Accrued charges and deferred income | 492/3 | - | €450 | +€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,593 | €17,300 | -€293 | -1.7% |
| Other operating charges | 640/8 | €823 | €782 | -€41 | -5.0% |
| Gross operating margin | 9900 | €16,752 | €19,413 | +€2,661 | +15.9% |
| Operating profit (loss) | 9901 | -€1,664 | €1,332 | +€2,996 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €247 | €617 | +€369 | +149% |
| Recurring financial charges | 65 | €247 | €617 | +€369 | +149% |
| Profit (loss) for the period before taxes | 9903 | -€1,909 | €715 | +€2,624 | |
| Income taxes | 67/77 | €538 | €500 | -€38 | -7.0% |
| Profit (loss) for the period | 9904 | -€2,447 | €215 | +€2,662 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,447 | €215 | +€2,662 |
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 24 October 2026 via checked.be.