architect Van Steendam: what changed
architect Van Steendam
Largest movements
- Financial fixed assets -€101,715
no longer reported in 2025 (was €101,715)
- Cash +€84,431
up €84,431 (+101%), from €83,548 to €167,978
mainly Investment in fixed assets (net) (+€81,746) and Net result for the year (+€43,633)
- Tangible fixed assets -€22,771
down €22,771 (-9.5%), from €240,808 to €218,037
of which Land and buildings: -€14,043
- Receivables within one year +€9,883
up €9,883 (+24.7%), from €40,046 to €49,929
of which Trade receivables: +€9,721
- Debts after one year -€65,799
down €65,799 (-50.7%), from €129,680 to €63,881
of which Financial debts: -€65,799
- Reserves +€43,633
up €43,633 (+50.4%), from €86,530 to €130,163
- Trade debts +€16,842
up €16,842 (+379%), from €4,446 to €21,288
- Other debts -€14,483
down €14,483 (-7.1%), from €204,684 to €190,201
- Current portion of long-term debt -€11,380
down €11,380 (-45.5%), from €25,031 to €13,651
- Financial income +€57,214
up €57,214 (+2,297,734%), from €2 to €57,216
- Taxes +€18,524
up €18,524 (+260%), from €7,135 to €25,659
- Financial charges +€12,788
up €12,788 (+233%), from €5,487 to €18,275
- Gross operating margin +€7,805
up €7,805 (+11.3%), from €69,219 to €77,024
- Depreciation +€1,095
up €1,095 (+2.6%), from €41,645 to €42,740
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 | €480,287 | €452,823 | -€27,464 | -5.7% |
| Fixed assets | 21/28 | €342,523 | €218,037 | -€124,486 | -36.3% |
| Tangible fixed assets | 22/27 | €240,808 | €218,037 | -€22,771 | -9.5% |
| Land and buildings | 22 | €148,800 | €134,757 | -€14,043 | -9.4% |
| Plant, machinery and equipment | 23 | €1,758 | €1,107 | -€651 | -37.1% |
| Furniture and vehicles | 24 | €90,250 | €82,173 | -€8,077 | -8.9% |
| Financial fixed assets | 28 | €101,715 | - | -€101,715 | |
| Current assets | 29/58 | €137,764 | €234,786 | +€97,022 | +70.4% |
| Stocks and contracts in progress | 3 | €12,500 | €12,500 | = | 0.0% |
| Stocks | 30/36 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,046 | €49,929 | +€9,883 | +24.7% |
| Trade receivables | 40 | €37,177 | €46,898 | +€9,721 | +26.1% |
| Other amounts receivable | 41 | €2,869 | €3,031 | +€162 | +5.6% |
| Cash at bank and in hand | 54/58 | €83,548 | €167,978 | +€84,431 | +101% |
| Deferred charges and accrued income | 490/1 | €1,670 | €4,378 | +€2,708 | +162% |
| Total equity and liabilities | 10/49 | €480,287 | €452,823 | -€27,464 | -5.7% |
| Equity | 10/15 | €106,175 | €149,808 | +€43,633 | +41.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,530 | €130,163 | +€43,633 | +50.4% |
| Distributable reserves | 133 | €86,530 | €130,163 | +€43,633 | +50.4% |
| Profit (loss) carried forward | 14 | €1,045 | €1,045 | = | 0.0% |
| Amounts payable | 17/49 | €374,112 | €303,015 | -€71,097 | -19.0% |
| Amounts payable after more than one year | 17 | €129,680 | €63,881 | -€65,799 | -50.7% |
| Financial debts | 170/4 | €127,680 | €61,881 | -€65,799 | -51.5% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €244,210 | €235,481 | -€8,730 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €25,031 | €13,651 | -€11,380 | -45.5% |
| Trade debts | 44 | €4,446 | €21,288 | +€16,842 | +379% |
| Suppliers | 440/4 | €4,446 | €21,288 | +€16,842 | +379% |
| Taxes, remuneration and social security | 45 | €10,049 | €10,340 | +€291 | +2.9% |
| Taxes | 450/3 | €10,049 | €10,340 | +€291 | +2.9% |
| Other amounts payable | 47/48 | €204,684 | €190,201 | -€14,483 | -7.1% |
| Accrued charges and deferred income | 492/3 | €222 | €3,653 | +€3,431 | +1,546% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,645 | €42,740 | +€1,095 | +2.6% |
| Other operating charges | 640/8 | €4,124 | €3,933 | -€191 | -4.6% |
| Gross operating margin | 9900 | €69,219 | €77,024 | +€7,805 | +11.3% |
| Operating profit (loss) | 9901 | €23,449 | €30,351 | +€6,901 | +29.4% |
| Financial income | 75/76B | €2 | €57,216 | +€57,214 | +2,297,734% |
| Recurring financial income | 75 | €2 | €57,216 | +€57,214 | +2,297,734% |
| Financial charges | 65/66B | €5,487 | €18,275 | +€12,788 | +233% |
| Recurring financial charges | 65 | €5,487 | €18,275 | +€12,788 | +233% |
| Profit (loss) for the period before taxes | 9903 | €17,965 | €69,292 | +€51,327 | +286% |
| Income taxes | 67/77 | €7,135 | €25,659 | +€18,524 | +260% |
| Profit (loss) for the period | 9904 | €10,830 | €43,633 | +€32,803 | +303% |
| Profit (loss) for the period to be appropriated | 9905 | €10,830 | €43,633 | +€32,803 | +303% |
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 7 November 2026 via checked.be.