PAUL KLUNDER: what changed
What changed
PAUL KLUNDER
NACE 71.111, Activities of building architects
filed annual accounts (NBB)
Net result for the year
-€63,457
2024 · €117,806-€181,263
Equity
€183,172
2024 · €246,629-€63,457
Cash
€1,360
2024 · €31,180-€29,820
Balance sheet total
€1.0m
2024 · €1.1m-€61,809
Largest movements
Assets
- Tangible fixed assets -€30,436
down €30,436 (-3.5%), from €865,934 to €835,498
of which Land and buildings: -€31,814
- Cash -€29,820
down €29,820 (-95.6%), from €31,180 to €1,360
mainly Net result for the year (-€63,457) and Debts after one year (-€39,567)
- Receivables within one year +€16,751
up €16,751 (+16.3%), from €102,810 to €119,560
of which Other amounts receivable: +€17,910
- Stocks and contracts -€16,396
down €16,396 (-15.6%), from €104,957 to €88,562
Equity and liabilities
- Profit (loss) carried forward -€63,457
down €63,457 (-28.1%), from €226,169 to €162,712
- Trade debts +€46,480
up €46,480 (+145%), from €31,963 to €78,443
- Debts after one year -€39,567
down €39,567 (-28.3%), from €139,959 to €100,392
- Accrued charges and deferred income -€22,530
down €22,530 (-97.7%), from €23,063 to €534
- Current portion of long-term debt -€21,955
down €21,955 (-35.7%), from €61,523 to €39,567
Income statement
- Gross operating margin -€155,052
down €155,052 (-47.6%), from €325,507 to €170,455
- Staff costs +€70,022
up €70,022 (+68.5%), from €102,164 to €172,186
- Taxes -€45,749
down €45,749 (-99.6%), from €45,914 to €165
- Depreciation +€3,451
up €3,451 (+9.9%), from €34,777 to €38,229
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
€117,806
Gross operating margin
-€155,052
Staff costs
-€70,022
Depreciation
-€3,451
Other operating charges
-€292
Other operating items
+€1,121
Financial income
-€106
Financial charges
+€790
Taxes
+€45,749
Result 2025
-€63,457
raises the resultlowers the resultnot broken down further in the accounts
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
+€37,141
Investment
-€10,111
Financing
-€56,850
Cash 2024
€31,180
From operations (derived)
+€37,141
Net result for the year
-€63,457
Depreciation
+€38,229
Stocks and contracts
+€16,396
Receivables within one year
-€16,751
Deferred charges and accrued income
+€4,226
Trade debts
+€46,480
Tax, wage and social debts
+€20,570
Other debts
+€13,978
Accrued charges and deferred income
-€22,530
Investment (derived)
-€10,111
Investment in fixed assets (net)
-€10,111
Financing
-€56,850
Debts after one year
-€39,567
Current portion of long-term debt
-€21,955
Short-term financial debts
+€4,672
Cash 2025
€1,360
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,109,457 | €1,047,648 | -€61,809 | -5.6% |
| Fixed assets | 21/28 | €866,284 | €838,166 | -€28,118 | -3.2% |
| Intangible fixed assets | 21 | - | €2,318 | +€2,318 | |
| Tangible fixed assets | 22/27 | €865,934 | €835,498 | -€30,436 | -3.5% |
| Land and buildings | 22 | €848,715 | €816,902 | -€31,814 | -3.7% |
| Plant, machinery and equipment | 23 | €4,612 | €2,468 | -€2,145 | -46.5% |
| Furniture and vehicles | 24 | €5,234 | €2,400 | -€2,834 | -54.1% |
| Other tangible fixed assets | 26 | €7,372 | €13,729 | +€6,356 | +86.2% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €243,173 | €209,482 | -€33,691 | -13.9% |
| Stocks and contracts in progress | 3 | €104,957 | €88,562 | -€16,396 | -15.6% |
| Stocks | 30/36 | €104,957 | €88,562 | -€16,396 | -15.6% |
| Amounts receivable within one year | 40/41 | €102,810 | €119,560 | +€16,751 | +16.3% |
| Trade receivables | 40 | €52,240 | €51,081 | -€1,159 | -2.2% |
| Other amounts receivable | 41 | €50,570 | €68,480 | +€17,910 | +35.4% |
| Cash at bank and in hand | 54/58 | €31,180 | €1,360 | -€29,820 | -95.6% |
| Deferred charges and accrued income | 490/1 | €4,226 | - | -€4,226 | |
| Total equity and liabilities | 10/49 | €1,109,457 | €1,047,648 | -€61,809 | -5.6% |
| Equity | 10/15 | €246,629 | €183,172 | -€63,457 | -25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,169 | €162,712 | -€63,457 | -28.1% |
| Amounts payable | 17/49 | €862,828 | €864,477 | +€1,648 | +0.2% |
| Amounts payable after more than one year | 17 | €139,959 | €100,392 | -€39,567 | -28.3% |
| Financial debts | 170/4 | €139,959 | €100,392 | -€39,567 | -28.3% |
| Amounts payable within one year | 42/48 | €699,806 | €763,551 | +€63,745 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €61,523 | €39,567 | -€21,955 | -35.7% |
| Financial debts | 43 | - | €4,672 | +€4,672 | |
| Credit institutions | 430/8 | - | €4,672 | +€4,672 | |
| Trade debts | 44 | €31,963 | €78,443 | +€46,480 | +145% |
| Suppliers | 440/4 | €31,963 | €78,443 | +€46,480 | +145% |
| Taxes, remuneration and social security | 45 | €86,610 | €107,180 | +€20,570 | +23.8% |
| Taxes | 450/3 | €71,158 | €78,015 | +€6,857 | +9.6% |
| Remuneration and social security | 454/9 | €15,452 | €29,165 | +€13,713 | +88.7% |
| Other amounts payable | 47/48 | €519,710 | €533,688 | +€13,978 | +2.7% |
| Accrued charges and deferred income | 492/3 | €23,063 | €534 | -€22,530 | -97.7% |
| Remuneration, social security and pensions | 62 | €102,164 | €172,186 | +€70,022 | +68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,777 | €38,229 | +€3,451 | +9.9% |
| Other operating charges | 640/8 | €9,868 | €10,159 | +€292 | +3.0% |
| Non-recurring operating charges | 66A | €1,121 | - | -€1,121 | |
| Gross operating margin | 9900 | €325,507 | €170,455 | -€155,052 | -47.6% |
| Operating profit (loss) | 9901 | €177,577 | -€50,119 | -€227,695 | |
| Financial income | 75/76B | €356 | €249 | -€106 | -29.9% |
| Recurring financial income | 75 | €356 | €249 | -€106 | -29.9% |
| Financial charges | 65/66B | €14,213 | €13,422 | -€790 | -5.6% |
| Recurring financial charges | 65 | €14,213 | €13,422 | -€790 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €163,720 | -€63,292 | -€227,012 | |
| Income taxes | 67/77 | €45,914 | €165 | -€45,749 | -99.6% |
| Profit (loss) for the period | 9904 | €117,806 | -€63,457 | -€181,263 | |
| Profit (loss) for the period to be appropriated | 9905 | €117,806 | -€63,457 | -€181,263 |
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 1 November 2026 via checked.be.