BY 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.
BY ARCHITECT
Largest movements
- Current investments -€60,000
down €60,000 (-89.5%), from €67,070 to €7,070
- Receivables within one year +€32,967
up €32,967 (+79.8%), from €41,303 to €74,270
of which Trade receivables: +€32,247
- Receivables after one year +€18,000
up €18,000 (+60.0%), from €30,000 to €48,000
- Tangible fixed assets -€13,087
down €13,087 (-42.7%), from €30,653 to €17,566
- Intangible fixed assets -€10,000
down €10,000 (-40.0%), from €25,000 to €15,000
- Trade debts -€29,940
down €29,940 (-93.3%), from €32,106 to €2,165
- Tax, wage and social debts +€15,285
up €15,285 (+220%), from €6,944 to €22,228
of which Taxes: +€12,754
- Reserves -€6,252
down €6,252 (-3.3%), from €189,744 to €183,493
- Gross operating margin +€57,844
up €57,844 (+142%), from €40,864 to €98,708
- Taxes +€7,509
new in 2025: €7,509
- Staff costs +€6,620
up €6,620 (+22.6%), from €29,356 to €35,975
- Financial income +€2,368
up €2,368 (+531%), from €446 to €2,813
- Other operating charges -€1,134
down €1,134 (-80.1%), from €1,416 to €282
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 | €251,781 | €229,298 | -€22,483 | -8.9% |
| Fixed assets | 21/28 | €55,653 | €32,566 | -€23,087 | -41.5% |
| Intangible fixed assets | 21 | €25,000 | €15,000 | -€10,000 | -40.0% |
| Tangible fixed assets | 22/27 | €30,653 | €17,566 | -€13,087 | -42.7% |
| Furniture and vehicles | 24 | €30,653 | €17,566 | -€13,087 | -42.7% |
| Current assets | 29/58 | €196,128 | €196,732 | +€604 | +0.3% |
| Amounts receivable after more than one year | 29 | €30,000 | €48,000 | +€18,000 | +60.0% |
| Other amounts receivable | 291 | €30,000 | €48,000 | +€18,000 | +60.0% |
| Amounts receivable within one year | 40/41 | €41,303 | €74,270 | +€32,967 | +79.8% |
| Trade receivables | 40 | €40,903 | €73,150 | +€32,247 | +78.8% |
| Other amounts receivable | 41 | €400 | €1,120 | +€720 | +180% |
| Current investments | 50/53 | €67,070 | €7,070 | -€60,000 | -89.5% |
| Cash at bank and in hand | 54/58 | €56,825 | €64,147 | +€7,323 | +12.9% |
| Deferred charges and accrued income | 490/1 | €930 | €3,245 | +€2,314 | +249% |
| Total equity and liabilities | 10/49 | €251,781 | €229,298 | -€22,483 | -8.9% |
| Equity | 10/15 | €209,744 | €203,493 | -€6,252 | -3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €189,744 | €183,493 | -€6,252 | -3.3% |
| Distributable reserves | 133 | €189,744 | €183,493 | -€6,252 | -3.3% |
| Amounts payable | 17/49 | €42,036 | €25,805 | -€16,231 | -38.6% |
| Amounts payable within one year | 42/48 | €39,490 | €24,411 | -€15,079 | -38.2% |
| Trade debts | 44 | €32,106 | €2,165 | -€29,940 | -93.3% |
| Suppliers | 440/4 | €32,106 | €2,165 | -€29,940 | -93.3% |
| Taxes, remuneration and social security | 45 | €6,944 | €22,228 | +€15,285 | +220% |
| Taxes | 450/3 | €2,044 | €14,797 | +€12,754 | +624% |
| Remuneration and social security | 454/9 | €4,900 | €7,431 | +€2,531 | +51.7% |
| Other amounts payable | 47/48 | €441 | €17 | -€424 | -96.1% |
| Accrued charges and deferred income | 492/3 | €2,546 | €1,394 | -€1,152 | -45.2% |
| Remuneration, social security and pensions | 62 | €29,356 | €35,975 | +€6,620 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,698 | €23,757 | +€1,058 | +4.7% |
| Other operating charges | 640/8 | €1,416 | €282 | -€1,134 | -80.1% |
| Gross operating margin | 9900 | €40,864 | €98,708 | +€57,844 | +142% |
| Operating profit (loss) | 9901 | -€12,605 | €38,694 | +€51,299 | |
| Financial income | 75/76B | €446 | €2,813 | +€2,368 | +531% |
| Recurring financial income | 75 | €446 | €2,813 | +€2,368 | +531% |
| Financial charges | 65/66B | €314 | €250 | -€64 | -20.4% |
| Recurring financial charges | 65 | €314 | €250 | -€64 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,473 | €41,258 | +€53,731 | |
| Income taxes | 67/77 | - | €7,509 | +€7,509 | |
| Profit (loss) for the period | 9904 | -€12,473 | €33,748 | +€46,222 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,473 | €33,748 | +€46,222 |
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 17 October 2026 via checked.be.