ARCHITECTENBUREAU BART VERSTAEN: 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.
ARCHITECTENBUREAU BART VERSTAEN
Largest movements
- Stocks and contracts +€20,002
up €20,002 (+640%), from €3,125 to €23,127
- Current investments +€8,139
up €8,139 (+13.5%), from €60,230 to €68,369
- Receivables within one year +€3,332
up €3,332 (+16.4%), from €20,258 to €23,590
of which Trade receivables: +€11,093
- Reserves +€24,640
up €24,640 (+17.2%), from €142,918 to €167,558
- Trade debts +€23,625
up €23,625 (+362%), from €6,529 to €30,155
- Tax, wage and social debts -€14,790
down €14,790 (-82.6%), from €17,908 to €3,119
- Gross operating margin +€8,935
up €8,935 (+32.8%), from €27,260 to €36,195
- Taxes +€2,461
up €2,461 (+30.7%), from €8,025 to €10,485
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 | €173,031 | €206,786 | +€33,756 | +19.5% |
| Fixed assets | 21/28 | €7,257 | €9,039 | +€1,782 | +24.6% |
| Tangible fixed assets | 22/27 | €457 | €2,239 | +€1,782 | +390% |
| Furniture and vehicles | 24 | €457 | €2,239 | +€1,782 | +390% |
| Financial fixed assets | 28 | €6,800 | €6,800 | = | 0.0% |
| Current assets | 29/58 | €165,774 | €197,748 | +€31,974 | +19.3% |
| Stocks and contracts in progress | 3 | €3,125 | €23,127 | +€20,002 | +640% |
| Contracts in progress | 37 | €3,125 | €23,127 | +€20,002 | +640% |
| Amounts receivable within one year | 40/41 | €20,258 | €23,590 | +€3,332 | +16.4% |
| Trade receivables | 40 | €12,258 | €23,352 | +€11,093 | +90.5% |
| Other amounts receivable | 41 | €8,000 | €239 | -€7,761 | -97.0% |
| Current investments | 50/53 | €60,230 | €68,369 | +€8,139 | +13.5% |
| Cash at bank and in hand | 54/58 | €80,626 | €81,889 | +€1,263 | +1.6% |
| Deferred charges and accrued income | 490/1 | €1,535 | €772 | -€763 | -49.7% |
| Total equity and liabilities | 10/49 | €173,031 | €206,786 | +€33,756 | +19.5% |
| Equity | 10/15 | €143,918 | €168,558 | +€24,640 | +17.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €142,918 | €167,558 | +€24,640 | +17.2% |
| Distributable reserves | 133 | €142,918 | €167,558 | +€24,640 | +17.2% |
| Amounts payable | 17/49 | €29,113 | €38,228 | +€9,116 | +31.3% |
| Amounts payable within one year | 42/48 | €28,878 | €38,228 | +€9,350 | +32.4% |
| Trade debts | 44 | €6,529 | €30,155 | +€23,625 | +362% |
| Suppliers | 440/4 | €6,529 | €30,155 | +€23,625 | +362% |
| Taxes, remuneration and social security | 45 | €17,908 | €3,119 | -€14,790 | -82.6% |
| Taxes | 450/3 | €17,908 | €3,119 | -€14,790 | -82.6% |
| Other amounts payable | 47/48 | €4,441 | €4,955 | +€514 | +11.6% |
| Accrued charges and deferred income | 492/3 | €235 | €0 | -€235 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €917 | €880 | -€37 | -4.1% |
| Other operating charges | 640/8 | €1,027 | €1,058 | +€31 | +3.0% |
| Gross operating margin | 9900 | €27,260 | €36,195 | +€8,935 | +32.8% |
| Operating profit (loss) | 9901 | €25,316 | €34,257 | +€8,941 | +35.3% |
| Financial income | 75/76B | €877 | €1,045 | +€168 | +19.2% |
| Recurring financial income | 75 | €877 | €1,045 | +€168 | +19.2% |
| Financial charges | 65/66B | €175 | €177 | +€2 | +1.2% |
| Recurring financial charges | 65 | €175 | €177 | +€2 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €26,018 | €35,125 | +€9,107 | +35.0% |
| Income taxes | 67/77 | €8,025 | €10,485 | +€2,461 | +30.7% |
| Profit (loss) for the period | 9904 | €17,994 | €24,640 | +€6,646 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,994 | €24,640 | +€6,646 | +36.9% |
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 26 October 2026 via checked.be.