NDAW ARCHITECTEN: 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.
NDAW ARCHITECTEN
Largest movements
- Receivables within one year +€28,046
up €28,046 (+81.2%), from €34,548 to €62,594
- Cash +€13,461
up €13,461 (+37.0%), from €36,364 to €49,825
mainly Net result for the year (+€71,891) and Tax, wage and social debts (+€13,620)
- Tangible fixed assets -€9,029
down €9,029 (-29.4%), from €30,756 to €21,728
of which Furniture and vehicles: -€9,022
- Intangible fixed assets -€1,503
down €1,503 (-44.6%), from €3,372 to €1,869
- Reserves +€36,000
up €36,000 (+88.9%), from €40,500 to €76,500
- Tax, wage and social debts +€13,620
up €13,620 (+88.9%), from €15,312 to €28,932
- Debts after one year -€10,767
down €10,767 (-54.4%), from €19,784 to €9,017
- Trade debts -€7,238
down €7,238 (-73.9%), from €9,789 to €2,551
- Current portion of long-term debt -€1,616
down €1,616 (-13.0%), from €12,383 to €10,767
- Gross operating margin +€48,317
up €48,317 (+80.9%), from €59,712 to €108,029
- Taxes +€10,657
up €10,657 (+114%), from €9,345 to €20,002
- Depreciation -€1,956
down €1,956 (-13.1%), from €14,945 to €12,990
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 | €106,435 | €136,091 | +€29,656 | +27.9% |
| Fixed assets | 21/28 | €34,128 | €23,597 | -€10,531 | -30.9% |
| Intangible fixed assets | 21 | €3,372 | €1,869 | -€1,503 | -44.6% |
| Tangible fixed assets | 22/27 | €30,756 | €21,728 | -€9,029 | -29.4% |
| Furniture and vehicles | 24 | €30,749 | €21,728 | -€9,022 | -29.3% |
| Other tangible fixed assets | 26 | €7 | - | -€7 | |
| Current assets | 29/58 | €72,306 | €112,493 | +€40,187 | +55.6% |
| Amounts receivable within one year | 40/41 | €34,548 | €62,594 | +€28,046 | +81.2% |
| Trade receivables | 40 | €34,548 | €62,594 | +€28,046 | +81.2% |
| Cash at bank and in hand | 54/58 | €36,364 | €49,825 | +€13,461 | +37.0% |
| Deferred charges and accrued income | 490/1 | €1,394 | €75 | -€1,320 | -94.7% |
| Total equity and liabilities | 10/49 | €106,435 | €136,091 | +€29,656 | +27.9% |
| Equity | 10/15 | €46,737 | €81,629 | +€34,891 | +74.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €40,500 | €76,500 | +€36,000 | +88.9% |
| Distributable reserves | 133 | €40,500 | €76,500 | +€36,000 | +88.9% |
| Profit (loss) carried forward | 14 | €1,237 | €129 | -€1,109 | -89.6% |
| Amounts payable | 17/49 | €59,697 | €54,462 | -€5,235 | -8.8% |
| Amounts payable after more than one year | 17 | €19,784 | €9,017 | -€10,767 | -54.4% |
| Financial debts | 170/4 | €19,784 | €9,017 | -€10,767 | -54.4% |
| Amounts payable within one year | 42/48 | €38,807 | €44,339 | +€5,532 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €12,383 | €10,767 | -€1,616 | -13.0% |
| Trade debts | 44 | €9,789 | €2,551 | -€7,238 | -73.9% |
| Suppliers | 440/4 | €9,789 | €2,551 | -€7,238 | -73.9% |
| Taxes, remuneration and social security | 45 | €15,312 | €28,932 | +€13,620 | +88.9% |
| Taxes | 450/3 | €15,312 | €28,932 | +€13,620 | +88.9% |
| Other amounts payable | 47/48 | €1,323 | €2,089 | +€766 | +57.9% |
| Accrued charges and deferred income | 492/3 | €1,106 | €1,106 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,945 | €12,990 | -€1,956 | -13.1% |
| Other operating charges | 640/8 | €945 | €919 | -€26 | -2.7% |
| Gross operating margin | 9900 | €59,712 | €108,029 | +€48,317 | +80.9% |
| Operating profit (loss) | 9901 | €43,822 | €94,120 | +€50,298 | +115% |
| Financial charges | 65/66B | €1,971 | €2,227 | +€255 | +13.0% |
| Recurring financial charges | 65 | €1,971 | €2,227 | +€255 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €41,851 | €91,894 | +€50,043 | +120% |
| Income taxes | 67/77 | €9,345 | €20,002 | +€10,657 | +114% |
| Profit (loss) for the period | 9904 | €32,506 | €71,891 | +€39,385 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €32,506 | €71,891 | +€39,385 | +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 30 October 2026 via checked.be.