Lieven De Vadder 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.
Lieven De Vadder Architect
Largest movements
- Receivables within one year +€29,470
up €29,470 (+118%), from €24,940 to €54,411
of which Trade receivables: +€25,919
- Cash +€29,029
up €29,029 (+9.8%), from €297,322 to €326,350
mainly Net result for the year (+€52,809) and Deferred charges and accrued income (+€6,035)
- Deferred charges and accrued income -€6,035
down €6,035 (-68.9%), from €8,753 to €2,718
- Reserves +€52,809
up €52,809 (+16.4%), from €322,509 to €375,318
- Gross operating margin +€13,608
up €13,608 (+22.5%), from €60,478 to €74,086
- Taxes +€2,593
up €2,593 (+13.6%), from €19,065 to €21,658
- Financial income -€2,554
down €2,554 (-44.8%), from €5,697 to €3,143
- Financial charges -€847
down €847 (-94.6%), from €895 to €48
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 | €338,733 | €389,407 | +€50,674 | +15.0% |
| Fixed assets | 21/28 | €7,718 | €5,928 | -€1,790 | -23.2% |
| Tangible fixed assets | 22/27 | €7,718 | €5,928 | -€1,790 | -23.2% |
| Plant, machinery and equipment | 23 | €606 | €398 | -€209 | -34.4% |
| Furniture and vehicles | 24 | €7,112 | €5,530 | -€1,582 | -22.2% |
| Current assets | 29/58 | €331,015 | €383,479 | +€52,464 | +15.8% |
| Amounts receivable within one year | 40/41 | €24,940 | €54,411 | +€29,470 | +118% |
| Trade receivables | 40 | €14,489 | €40,408 | +€25,919 | +179% |
| Other amounts receivable | 41 | €10,451 | €14,002 | +€3,552 | +34.0% |
| Cash at bank and in hand | 54/58 | €297,322 | €326,350 | +€29,029 | +9.8% |
| Deferred charges and accrued income | 490/1 | €8,753 | €2,718 | -€6,035 | -68.9% |
| Total equity and liabilities | 10/49 | €338,733 | €389,407 | +€50,674 | +15.0% |
| Equity | 10/15 | €328,709 | €381,518 | +€52,809 | +16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €322,509 | €375,318 | +€52,809 | +16.4% |
| Distributable reserves | 133 | €322,509 | €375,318 | +€52,809 | +16.4% |
| Amounts payable | 17/49 | €10,024 | €7,889 | -€2,136 | -21.3% |
| Amounts payable within one year | 42/48 | €10,024 | €7,889 | -€2,136 | -21.3% |
| Trade debts | 44 | €1,261 | €56 | -€1,205 | -95.5% |
| Suppliers | 440/4 | €1,261 | €56 | -€1,205 | -95.5% |
| Taxes, remuneration and social security | 45 | €8,763 | €7,832 | -€931 | -10.6% |
| Taxes | 450/3 | €8,763 | €7,832 | -€931 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,790 | €1,790 | = | 0.0% |
| Other operating charges | 640/8 | €669 | €923 | +€254 | +38.0% |
| Gross operating margin | 9900 | €60,478 | €74,086 | +€13,608 | +22.5% |
| Operating profit (loss) | 9901 | €58,019 | €71,372 | +€13,354 | +23.0% |
| Financial income | 75/76B | €5,697 | €3,143 | -€2,554 | -44.8% |
| Recurring financial income | 75 | €5,697 | €3,143 | -€2,554 | -44.8% |
| Financial charges | 65/66B | €895 | €48 | -€847 | -94.6% |
| Recurring financial charges | 65 | €895 | €48 | -€847 | -94.6% |
| Profit (loss) for the period before taxes | 9903 | €62,821 | €74,467 | +€11,646 | +18.5% |
| Income taxes | 67/77 | €19,065 | €21,658 | +€2,593 | +13.6% |
| Profit (loss) for the period | 9904 | €43,755 | €52,809 | +€9,054 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,755 | €52,809 | +€9,054 | +20.7% |
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 28 October 2026 via checked.be.