De Vermogensarchitect: 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.
De Vermogensarchitect
Largest movements
- Tangible fixed assets -€94,480
down €94,480 (-4.0%), from €2.3m to €2.2m
of which Other tangible fixed assets: -€92,621
- Receivables within one year -€81,684
down €81,684 (-77.4%), from €105,478 to €23,794
- Cash +€45,280
up €45,280 (+213%), from €21,305 to €66,586
mainly Net result for the year (+€165,249) and Depreciation (+€102,841)
- Debts after one year -€174,608
down €174,608 (-15.9%), from €1.1m to €923,883
- Reserves +€165,249
up €165,249 (+23.2%), from €711,839 to €877,088
of which Distributable reserves: +€168,114
- Other debts -€79,702
down €79,702 (-21.5%), from €370,097 to €290,396
- Tax, wage and social debts -€26,575
down €26,575 (-51.0%), from €52,075 to €25,500
- Gross operating margin +€46,954
up €46,954 (+13.6%), from €345,741 to €392,695
- Financial charges -€20,510
down €20,510 (-36.9%), from €55,535 to €35,026
- Depreciation -€6,188
down €6,188 (-5.7%), from €109,029 to €102,841
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 | €2,471,700 | €2,339,750 | -€131,950 | -5.3% |
| Fixed assets | 21/28 | €2,340,838 | €2,246,358 | -€94,480 | -4.0% |
| Tangible fixed assets | 22/27 | €2,340,838 | €2,246,358 | -€94,480 | -4.0% |
| Land and buildings | 22 | €12,125 | €12,125 | = | 0.0% |
| Plant, machinery and equipment | 23 | €127 | €0 | -€127 | -100% |
| Furniture and vehicles | 24 | €2,138 | €406 | -€1,732 | -81.0% |
| Other tangible fixed assets | 26 | €2,326,448 | €2,233,828 | -€92,621 | -4.0% |
| Current assets | 29/58 | €130,862 | €93,391 | -€37,471 | -28.6% |
| Amounts receivable within one year | 40/41 | €105,478 | €23,794 | -€81,684 | -77.4% |
| Trade receivables | 40 | €105,478 | €23,794 | -€81,684 | -77.4% |
| Cash at bank and in hand | 54/58 | €21,305 | €66,586 | +€45,280 | +213% |
| Deferred charges and accrued income | 490/1 | €4,078 | €3,011 | -€1,067 | -26.2% |
| Total equity and liabilities | 10/49 | €2,471,700 | €2,339,750 | -€131,950 | -5.3% |
| Equity | 10/15 | €731,382 | €896,631 | +€165,249 | +22.6% |
| Contributions | 10/11 | €19,543 | €19,543 | = | 0.0% |
| Reserves | 13 | €711,839 | €877,088 | +€165,249 | +23.2% |
| Non-distributable reserves | 130/1 | €8,452 | €8,452 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,452 | €8,452 | = | 0.0% |
| Tax-exempt reserves | 132 | €55,628 | €52,763 | -€2,865 | -5.2% |
| Distributable reserves | 133 | €647,759 | €815,873 | +€168,114 | +26.0% |
| Provisions and deferred taxes | 16 | €18,543 | €17,588 | -€955 | -5.2% |
| Deferred taxes | 168 | €18,543 | €17,588 | -€955 | -5.2% |
| Amounts payable | 17/49 | €1,721,775 | €1,425,531 | -€296,244 | -17.2% |
| Amounts payable after more than one year | 17 | €1,098,491 | €923,883 | -€174,608 | -15.9% |
| Financial debts | 170/4 | €1,098,491 | €923,883 | -€174,608 | -15.9% |
| Amounts payable within one year | 42/48 | €621,695 | €501,648 | -€120,047 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €173,355 | €174,608 | +€1,254 | +0.7% |
| Trade debts | 44 | €24,774 | €10,500 | -€14,274 | -57.6% |
| Suppliers | 440/4 | €24,774 | €10,500 | -€14,274 | -57.6% |
| Advances received on contracts in progress | 46 | €1,394 | €644 | -€750 | -53.8% |
| Taxes, remuneration and social security | 45 | €52,075 | €25,500 | -€26,575 | -51.0% |
| Taxes | 450/3 | €52,075 | €25,500 | -€26,575 | -51.0% |
| Other amounts payable | 47/48 | €370,097 | €290,396 | -€79,702 | -21.5% |
| Accrued charges and deferred income | 492/3 | €1,589 | - | -€1,589 | |
| Non-recurring operating income | 76A | €53,948 | €25,247 | -€28,702 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,029 | €102,841 | -€6,188 | -5.7% |
| Other operating charges | 640/8 | €14,569 | €16,852 | +€2,282 | +15.7% |
| Gross operating margin | 9900 | €345,741 | €392,695 | +€46,954 | +13.6% |
| Operating profit (loss) | 9901 | €222,142 | €273,002 | +€50,860 | +22.9% |
| Financial income | 75/76B | €2,575 | €0 | -€2,575 | -100.0% |
| Recurring financial income | 75 | €2,575 | €0 | -€2,575 | -100.0% |
| Financial charges | 65/66B | €55,535 | €35,026 | -€20,510 | -36.9% |
| Recurring financial charges | 65 | €55,535 | €35,026 | -€20,510 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €169,182 | €237,977 | +€68,795 | +40.7% |
| Transfer from deferred taxes | 780 | €7,686 | €955 | -€6,731 | -87.6% |
| Transfer to deferred taxes | 680 | €13,487 | - | -€13,487 | |
| Income taxes | 67/77 | €73,308 | €73,683 | +€375 | +0.5% |
| Profit (loss) for the period | 9904 | €90,073 | €165,249 | +€75,176 | +83.5% |
| Transfer from tax-exempt reserves | 789 | €28,721 | €2,865 | -€25,856 | -90.0% |
| Transfer to tax-exempt reserves | 689 | €40,461 | - | -€40,461 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,333 | €168,114 | +€89,781 | +115% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.