BART THIJS 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 THIJS ARCHITECT
Largest movements
- Tangible fixed assets -€15,379
down €15,379 (-37.5%), from €40,994 to €25,614
of which Leasing and similar rights: -€9,375
- Cash +€9,940
up €9,940 (+533.1%), from €1,864 to €11,804
mainly Short-term financial debts (+€28,316) and Depreciation (+€15,379)
- Receivables within one year +€5,756
up €5,756 (+2.8%), from €202,204 to €207,960
of which Other amounts receivable: +€24,061
- Short-term financial debts +€28,316
up €28,316, from €0 to €28,316
- Debts after one year -€14,176
down €14,176 (-100.0%), from €14,176 to €0
- Trade debts -€12,450
down €12,450 (-41.1%), from €30,273 to €17,823
- Reserves +€8,635
up €8,635 (+2.8%), from €305,101 to €313,736
of which Distributable reserves: +€8,635
- Current portion of long-term debt -€5,489
down €5,489 (-27.9%), from €19,665 to €14,176
- Gross operating margin -€60,061
down €60,061 (-50.0%), from €120,028 to €59,967
- Taxes -€16,084
down €16,084 (-60.7%), from €26,483 to €10,400
- Other operating charges -€8,411
down €8,411 (-88.5%), from €9,502 to €1,091
- Financial income +€3,876
up €3,876 (+20.4%), from €18,998 to €22,873
- Staff costs +€2,740
up €2,740 (+10.2%), from €26,777 to €29,518
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €445,062 | €445,378 | +€316 | +0.1% |
| Fixed assets | 21/28 | €40,994 | €25,614 | -€15,379 | -37.5% |
| Tangible fixed assets | 22/27 | €40,994 | €25,614 | -€15,379 | -37.5% |
| Land and buildings | 22 | €6,055 | €5,624 | -€431 | -7.1% |
| Plant, machinery and equipment | 23 | €4,651 | €3,583 | -€1,068 | -23.0% |
| Furniture and vehicles | 24 | €17,737 | €14,181 | -€3,556 | -20.0% |
| Leasing and similar rights | 25 | €9,375 | €0 | -€9,375 | -100.0% |
| Other tangible fixed assets | 26 | €3,176 | €2,227 | -€949 | -29.9% |
| Current assets | 29/58 | €404,068 | €419,764 | +€15,696 | +3.9% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Trade receivables | 290 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €202,204 | €207,960 | +€5,756 | +2.8% |
| Trade receivables | 40 | €36,863 | €18,558 | -€18,305 | -49.7% |
| Other amounts receivable | 41 | €165,341 | €189,402 | +€24,061 | +14.6% |
| Cash at bank and in hand | 54/58 | €1,864 | €11,804 | +€9,940 | +533.1% |
| Total equity and liabilities | 10/49 | €445,062 | €445,378 | +€316 | +0.1% |
| Equity | 10/15 | €311,301 | €319,936 | +€8,635 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €305,101 | €313,736 | +€8,635 | +2.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €298,741 | €307,376 | +€8,635 | +2.9% |
| Amounts payable | 17/49 | €133,761 | €125,442 | -€8,318 | -6.2% |
| Amounts payable after more than one year | 17 | €14,176 | €0 | -€14,176 | -100.0% |
| Financial debts | 170/4 | €14,176 | €0 | -€14,176 | -100.0% |
| Amounts payable within one year | 42/48 | €119,585 | €125,442 | +€5,857 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €19,665 | €14,176 | -€5,489 | -27.9% |
| Financial debts | 43 | €0 | €28,316 | +€28,316 | |
| Credit institutions | 430/8 | €0 | €28,316 | +€28,316 | |
| Trade debts | 44 | €30,273 | €17,823 | -€12,450 | -41.1% |
| Suppliers | 440/4 | €30,273 | €17,823 | -€12,450 | -41.1% |
| Taxes, remuneration and social security | 45 | €69,646 | €65,128 | -€4,519 | -6.5% |
| Taxes | 450/3 | €65,453 | €60,873 | -€4,581 | -7.0% |
| Remuneration and social security | 454/9 | €4,193 | €4,255 | +€62 | +1.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €26,777 | €29,518 | +€2,740 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,621 | €15,379 | -€242 | -1.5% |
| Other operating charges | 640/8 | €9,502 | €1,091 | -€8,411 | -88.5% |
| Non-recurring operating charges | 66A | - | €12,540 | +€12,540 | |
| Gross operating margin | 9900 | €120,028 | €59,967 | -€60,061 | -50.0% |
| Operating profit (loss) | 9901 | €68,128 | €1,439 | -€66,688 | -97.9% |
| Financial income | 75/76B | €18,998 | €22,873 | +€3,876 | +20.4% |
| Recurring financial income | 75 | €18,998 | €22,873 | +€3,876 | +20.4% |
| Financial charges | 65/66B | €6,361 | €5,278 | -€1,083 | -17.0% |
| Recurring financial charges | 65 | €6,361 | €5,278 | -€1,083 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €80,764 | €19,034 | -€61,730 | -76.4% |
| Income taxes | 67/77 | €26,483 | €10,400 | -€16,084 | -60.7% |
| Profit (loss) for the period | 9904 | €54,281 | €8,635 | -€45,646 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,281 | €8,635 | -€45,646 | -84.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.