ARCHITECT TOM NOTEBAERT: 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 NOTEBAERT
Largest movements
- Cash -€11,458
down €11,458 (-20.8%), from €55,200 to €43,742
mainly Deferred charges and accrued income (-€5,035) and Other debts (-€4,500)
- Deferred charges and accrued income +€5,035
up €5,035 (+225%), from €2,237 to €7,272
- Receivables within one year -€4,502
down €4,502 (-48.2%), from €9,341 to €4,839
of which Trade receivables: -€6,135
- Other debts -€4,500
down €4,500 (-42.9%), from €10,485 to €5,985
- Profit (loss) carried forward -€2,404
down €2,404 (-21.3%), from €11,300 to €8,896
- Trade debts -€1,899
down €1,899 (-66.5%), from €2,857 to €958
- Tax, wage and social debts -€1,487
down €1,487 (-91.2%), from €1,630 to €144
- Gross operating margin -€3,158
down €3,158, from €1,865 to -€1,292
- Taxes -€285
down €285 (-66.5%), from €429 to €144
- Other operating charges -€109
down €109 (-25.0%), from €434 to €326
- Depreciation +€37
up €37 (+10.7%), from €345 to €382
- Financial charges +€33
up €33 (+14.6%), from €226 to €259
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 | €68,019 | €57,730 | -€10,289 | -15.1% |
| Fixed assets | 21/28 | €1,241 | €1,877 | +€637 | +51.3% |
| Tangible fixed assets | 22/27 | €1,241 | €1,877 | +€637 | +51.3% |
| Plant, machinery and equipment | 23 | €1,241 | €1,877 | +€637 | +51.3% |
| Current assets | 29/58 | €66,778 | €55,853 | -€10,926 | -16.4% |
| Amounts receivable within one year | 40/41 | €9,341 | €4,839 | -€4,502 | -48.2% |
| Trade receivables | 40 | €9,341 | €3,207 | -€6,135 | -65.7% |
| Other amounts receivable | 41 | - | €1,633 | +€1,633 | |
| Cash at bank and in hand | 54/58 | €55,200 | €43,742 | -€11,458 | -20.8% |
| Deferred charges and accrued income | 490/1 | €2,237 | €7,272 | +€5,035 | +225% |
| Total equity and liabilities | 10/49 | €68,019 | €57,730 | -€10,289 | -15.1% |
| Equity | 10/15 | €53,047 | €50,643 | -€2,404 | -4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €29,347 | €29,347 | = | 0.0% |
| Distributable reserves | 133 | €29,347 | €29,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,300 | €8,896 | -€2,404 | -21.3% |
| Amounts payable | 17/49 | €14,972 | €7,087 | -€7,885 | -52.7% |
| Amounts payable within one year | 42/48 | €14,972 | €7,087 | -€7,885 | -52.7% |
| Trade debts | 44 | €2,857 | €958 | -€1,899 | -66.5% |
| Suppliers | 440/4 | €2,857 | €958 | -€1,899 | -66.5% |
| Taxes, remuneration and social security | 45 | €1,630 | €144 | -€1,487 | -91.2% |
| Taxes | 450/3 | €1,630 | €144 | -€1,487 | -91.2% |
| Other amounts payable | 47/48 | €10,485 | €5,985 | -€4,500 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €345 | €382 | +€37 | +10.7% |
| Other operating charges | 640/8 | €434 | €326 | -€109 | -25.0% |
| Non-recurring operating charges | 66A | €72 | - | -€72 | |
| Gross operating margin | 9900 | €1,865 | -€1,292 | -€3,158 | |
| Operating profit (loss) | 9901 | €1,014 | -€2,000 | -€3,014 | |
| Financial charges | 65/66B | €226 | €259 | +€33 | +14.6% |
| Recurring financial charges | 65 | €226 | €259 | +€33 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €788 | -€2,260 | -€3,047 | |
| Income taxes | 67/77 | €429 | €144 | -€285 | -66.5% |
| Profit (loss) for the period | 9904 | €358 | -€2,404 | -€2,762 | |
| Profit (loss) for the period to be appropriated | 9905 | €358 | -€2,404 | -€2,762 |
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 18 October 2026 via checked.be.