&bogdan architects: 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.
&bogdan architects
Largest movements
- Receivables within one year +€323,596
up €323,596 (+86.5%), from €374,026 to €697,622
of which Trade receivables: +€308,276
- Cash +€53,247
up €53,247 (+109%), from €48,902 to €102,149
mainly Net result for the year (+€324,317) and Trade debts (+€66,627)
- Deferred charges and accrued income +€51,455
up €51,455 (+909%), from €5,663 to €57,118
- Tangible fixed assets +€11,015
up €11,015 (+24.6%), from €44,719 to €55,733
of which Furniture and vehicles: +€16,305
- Profit (loss) carried forward +€249,317
up €249,317 (+101%), from €247,717 to €497,034
- Reserves +€75,000
up €75,000 (+3,620%), from €2,072 to €77,072
of which Distributable reserves: +€75,000
- Trade debts +€66,627
up €66,627 (+47.3%), from €140,962 to €207,589
- Tax, wage and social debts +€61,143
up €61,143 (+462%), from €13,244 to €74,387
- Short-term financial debts -€57,769
down €57,769 (-100%), from €57,769 to €0
- Gross operating margin +€209,157
up €209,157 (+100%), from €208,293 to €417,449
- Taxes +€84,423
new in 2025: €84,423
- Other operating charges -€33,286
down €33,286 (-100%), from €33,286 to €0
- Financial charges -€19,228
down €19,228 (-88.6%), from €21,710 to €2,482
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 | €473,310 | €912,622 | +€439,312 | +92.8% |
| Fixed assets | 21/28 | €44,719 | €55,733 | +€11,015 | +24.6% |
| Tangible fixed assets | 22/27 | €44,719 | €55,733 | +€11,015 | +24.6% |
| Land and buildings | 22 | €28,566 | €25,433 | -€3,133 | -11.0% |
| Plant, machinery and equipment | 23 | €7,029 | €4,872 | -€2,157 | -30.7% |
| Furniture and vehicles | 24 | €9,124 | €25,428 | +€16,305 | +179% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €428,591 | €856,889 | +€428,298 | +99.9% |
| Amounts receivable within one year | 40/41 | €374,026 | €697,622 | +€323,596 | +86.5% |
| Trade receivables | 40 | €366,679 | €674,956 | +€308,276 | +84.1% |
| Other amounts receivable | 41 | €7,346 | €22,666 | +€15,320 | +209% |
| Cash at bank and in hand | 54/58 | €48,902 | €102,149 | +€53,247 | +109% |
| Deferred charges and accrued income | 490/1 | €5,663 | €57,118 | +€51,455 | +909% |
| Total equity and liabilities | 10/49 | €473,310 | €912,622 | +€439,312 | +92.8% |
| Equity | 10/15 | €255,989 | €580,306 | +€324,317 | +127% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,072 | €77,072 | +€75,000 | +3,620% |
| Tax-exempt reserves | 132 | €212 | €212 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €76,860 | +€75,000 | +4,032% |
| Profit (loss) carried forward | 14 | €247,717 | €497,034 | +€249,317 | +101% |
| Amounts payable | 17/49 | €217,321 | €332,316 | +€114,995 | +52.9% |
| Amounts payable within one year | 42/48 | €215,068 | €289,527 | +€74,459 | +34.6% |
| Financial debts | 43 | €57,769 | €0 | -€57,769 | -100% |
| Credit institutions | 430/8 | €57,769 | €0 | -€57,769 | -100% |
| Trade debts | 44 | €140,962 | €207,589 | +€66,627 | +47.3% |
| Suppliers | 440/4 | €140,962 | €207,589 | +€66,627 | +47.3% |
| Taxes, remuneration and social security | 45 | €13,244 | €74,387 | +€61,143 | +462% |
| Taxes | 450/3 | €13,244 | €74,387 | +€61,143 | +462% |
| Other amounts payable | 47/48 | €3,093 | €7,551 | +€4,459 | +144% |
| Accrued charges and deferred income | 492/3 | €2,253 | €42,789 | +€40,536 | +1,799% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,579 | €9,810 | +€3,231 | +49.1% |
| Other operating charges | 640/8 | €33,286 | €0 | -€33,286 | -100% |
| Gross operating margin | 9900 | €208,293 | €417,449 | +€209,157 | +100% |
| Operating profit (loss) | 9901 | €168,428 | €407,639 | +€239,211 | +142% |
| Financial income | 75/76B | €209 | €3,583 | +€3,373 | +1,613% |
| Recurring financial income | 75 | €209 | €3,583 | +€3,373 | +1,613% |
| Financial charges | 65/66B | €21,710 | €2,482 | -€19,228 | -88.6% |
| Recurring financial charges | 65 | €21,710 | €2,482 | -€19,228 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | €146,928 | €408,740 | +€261,812 | +178% |
| Income taxes | 67/77 | - | €84,423 | +€84,423 | |
| Profit (loss) for the period | 9904 | €146,928 | €324,317 | +€177,389 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €146,928 | €324,317 | +€177,389 | +121% |
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 21 October 2026 via checked.be.