BART ANTHONISSEN,ARCHITECT: 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.
BART ANTHONISSEN,ARCHITECT
Largest movements
- Tangible fixed assets +€153,041
up €153,041 (+20.2%), from €756,074 to €909,115
of which Assets under construction and advance payments: +€182,022
- Receivables within one year +€54,578
up €54,578 (+36.3%), from €150,539 to €205,117
of which Trade receivables: +€58,099
- Current investments +€18,003
up €18,003 (+12.8%), from €140,399 to €158,402
- Debts after one year +€149,383
up €149,383 (+22.8%), from €653,920 to €803,303
- Trade debts +€35,994
up €35,994 (+387%), from €9,306 to €45,300
- Financial charges -€14,532
down €14,532 (-62.6%), from €23,232 to €8,700
- Financial income -€9,502
down €9,502 (-54.1%), from €17,573 to €8,071
- Taxes +€990
up €990 (+545%), from €182 to €1,171
- Gross operating margin +€724
up €724 (+1.8%), from €40,178 to €40,901
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 | €1,125,136 | €1,345,277 | +€220,141 | +19.6% |
| Fixed assets | 21/28 | €756,174 | €909,215 | +€153,041 | +20.2% |
| Tangible fixed assets | 22/27 | €756,074 | €909,115 | +€153,041 | +20.2% |
| Land and buildings | 22 | €48,319 | €47,881 | -€438 | -0.9% |
| Plant, machinery and equipment | 23 | €904 | €443 | -€461 | -51.0% |
| Furniture and vehicles | 24 | €3,601 | €42 | -€3,560 | -98.8% |
| Leasing and similar rights | 25 | €496,552 | €472,030 | -€24,522 | -4.9% |
| Assets under construction and advance payments | 27 | €206,697 | €388,719 | +€182,022 | +88.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €368,962 | €436,062 | +€67,101 | +18.2% |
| Amounts receivable within one year | 40/41 | €150,539 | €205,117 | +€54,578 | +36.3% |
| Trade receivables | 40 | €61,786 | €119,885 | +€58,099 | +94.0% |
| Other amounts receivable | 41 | €88,753 | €85,233 | -€3,520 | -4.0% |
| Current investments | 50/53 | €140,399 | €158,402 | +€18,003 | +12.8% |
| Cash at bank and in hand | 54/58 | €69,024 | €63,543 | -€5,481 | -7.9% |
| Deferred charges and accrued income | 490/1 | €9,000 | €9,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,125,136 | €1,345,277 | +€220,141 | +19.6% |
| Equity | 10/15 | €264,735 | €274,631 | +€9,895 | +3.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €252,335 | €262,231 | +€9,895 | +3.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €250,475 | €260,371 | +€9,895 | +4.0% |
| Amounts payable | 17/49 | €860,401 | €1,070,647 | +€210,246 | +24.4% |
| Amounts payable after more than one year | 17 | €653,920 | €803,303 | +€149,383 | +22.8% |
| Financial debts | 170/4 | €653,920 | €803,303 | +€149,383 | +22.8% |
| Amounts payable within one year | 42/48 | €206,480 | €267,343 | +€60,863 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €20,717 | €32,639 | +€11,922 | +57.5% |
| Trade debts | 44 | €9,306 | €45,300 | +€35,994 | +387% |
| Suppliers | 440/4 | €9,306 | €45,300 | +€35,994 | +387% |
| Taxes, remuneration and social security | 45 | €5,033 | €6,876 | +€1,844 | +36.6% |
| Taxes | 450/3 | €5,033 | €6,876 | +€1,844 | +36.6% |
| Other amounts payable | 47/48 | €171,425 | €182,528 | +€11,103 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,339 | €28,981 | -€358 | -1.2% |
| Other operating charges | 640/8 | €219 | €225 | +€6 | +2.9% |
| Gross operating margin | 9900 | €40,178 | €40,901 | +€724 | +1.8% |
| Operating profit (loss) | 9901 | €10,620 | €11,695 | +€1,076 | +10.1% |
| Financial income | 75/76B | €17,573 | €8,071 | -€9,502 | -54.1% |
| Recurring financial income | 75 | €17,573 | €8,071 | -€9,502 | -54.1% |
| Financial charges | 65/66B | €23,232 | €8,700 | -€14,532 | -62.6% |
| Recurring financial charges | 65 | €23,232 | €8,700 | -€14,532 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €4,961 | €11,067 | +€6,105 | +123% |
| Income taxes | 67/77 | €182 | €1,171 | +€990 | +545% |
| Profit (loss) for the period | 9904 | €4,780 | €9,895 | +€5,116 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €4,780 | €9,895 | +€5,116 | +107% |
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 19 October 2026 via checked.be.