P. Demuynck: what changed
What changed
P. Demuynck
NACE 71.112, Activities of interior architects
filed annual accounts (NBB)
Net result for the year
€2,372
2024 · -€21,519+€23,891
Equity
€228,024
2024 · €225,652+€2,372
Cash
€41,204
2024 · €15,821+€25,383
Balance sheet total
€260,271
2024 · €273,791-€13,520
Largest movements
Assets
- Tangible fixed assets -€38,710
down €38,710 (-21.0%), from €184,470 to €145,760
of which Land and buildings: -€37,153
- Cash +€25,383
up €25,383 (+160%), from €15,821 to €41,204
mainly Depreciation (+€38,710) and Net result for the year (+€2,372)
Equity and liabilities
- Other debts -€14,652
down €14,652 (-33.2%), from €44,094 to €29,443
Income statement
- Gross operating margin +€22,416
up €22,416 (+93.6%), from €23,943 to €46,359
- Financial charges -€1,371
down €1,371 (-30.5%), from €4,489 to €3,118
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€21,519
Gross operating margin
+€22,416
Depreciation
+€216
Other operating charges
+€123
Financial income
-€220
Financial charges
+€1,371
Taxes
-€15
Result 2025
€2,372
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€25,383
Investment
€0
Financing
€0
Cash 2024
€15,821
From operations (derived)
+€25,383
Net result for the year
+€2,372
Depreciation
+€38,710
Smaller working-capital items
+€84
Deferred charges and accrued income
+€145
Tax, wage and social debts
-€1,277
Other debts
-€14,652
Cash 2025
€41,204
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €273,791 | €260,271 | -€13,520 | -4.9% |
| Fixed assets | 21/28 | €184,470 | €145,760 | -€38,710 | -21.0% |
| Tangible fixed assets | 22/27 | €184,470 | €145,760 | -€38,710 | -21.0% |
| Land and buildings | 22 | €182,869 | €145,716 | -€37,153 | -20.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,601 | €44 | -€1,557 | -97.2% |
| Current assets | 29/58 | €89,321 | €114,511 | +€25,190 | +28.2% |
| Amounts receivable within one year | 40/41 | €126 | €79 | -€47 | -37.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €126 | €79 | -€47 | -37.4% |
| Current investments | 50/53 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,821 | €41,204 | +€25,383 | +160% |
| Deferred charges and accrued income | 490/1 | €3,373 | €3,228 | -€145 | -4.3% |
| Total equity and liabilities | 10/49 | €273,791 | €260,271 | -€13,520 | -4.9% |
| Equity | 10/15 | €225,652 | €228,024 | +€2,372 | +1.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €235,380 | €235,380 | = | 0.0% |
| Distributable reserves | 133 | €235,380 | €235,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,925 | -€13,553 | +€2,372 | +14.9% |
| Amounts payable | 17/49 | €48,139 | €32,248 | -€15,891 | -33.0% |
| Amounts payable within one year | 42/48 | €48,139 | €32,248 | -€15,891 | -33.0% |
| Trade debts | 44 | €694 | €731 | +€37 | +5.3% |
| Suppliers | 440/4 | €694 | €731 | +€37 | +5.3% |
| Taxes, remuneration and social security | 45 | €3,351 | €2,075 | -€1,277 | -38.1% |
| Taxes | 450/3 | €3,351 | €2,075 | -€1,277 | -38.1% |
| Other amounts payable | 47/48 | €44,094 | €29,443 | -€14,652 | -33.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,926 | €38,710 | -€216 | -0.6% |
| Other operating charges | 640/8 | €3,235 | €3,112 | -€123 | -3.8% |
| Gross operating margin | 9900 | €23,943 | €46,359 | +€22,416 | +93.6% |
| Operating profit (loss) | 9901 | -€18,218 | €4,537 | +€22,755 | |
| Financial income | 75/76B | €1,491 | €1,271 | -€220 | -14.8% |
| Recurring financial income | 75 | €1,491 | €1,271 | -€220 | -14.8% |
| Financial charges | 65/66B | €4,489 | €3,118 | -€1,371 | -30.5% |
| Recurring financial charges | 65 | €4,489 | €3,118 | -€1,371 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,216 | €2,689 | +€23,906 | |
| Income taxes | 67/77 | €303 | €318 | +€15 | +5.0% |
| Profit (loss) for the period | 9904 | -€21,519 | €2,372 | +€23,891 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,519 | €2,372 | +€23,891 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.