Project B: what changed
What changed
Project B
NACE 71.112, Activities of interior architects
filed annual accounts (NBB)
Net result for the year
€156,418
2024 · €227,287-€70,869
Equity
€876,873
2024 · €815,455+€61,418
Cash
€402,870
2024 · €278,642+€124,228
Balance sheet total
€1.2m
2024 · €1.1m+€54,014
Largest movements
Assets
- Cash +€124,228
up €124,228 (+44.6%), from €278,642 to €402,870
mainly Net result for the year (+€156,418) and Accrued charges and deferred income (+€108,000)
- Tangible fixed assets -€72,892
down €72,892 (-72.1%), from €101,148 to €28,257
of which Leasing and similar rights: -€43,549
- Current investments +€50,000
up €50,000 (+25.0%), from €200,000 to €250,000
- Receivables after one year -€25,520
down €25,520 (-13.3%), from €192,130 to €166,610
- Receivables within one year -€25,082
down €25,082 (-7.4%), from €337,478 to €312,396
of which Trade receivables: -€62,835
Equity and liabilities
- Accrued charges and deferred income +€108,000
up €108,000 (+5,400%), from €2,000 to €110,000
- Trade debts -€94,655
down €94,655 (-46.5%), from €203,759 to €109,104
- Current portion of long-term debt -€76,418
down €76,418 (-81.9%), from €93,264 to €16,846
- Reserves +€61,418
up €61,418 (+7.6%), from €809,255 to €870,673
of which Distributable reserves: +€61,418
- Other debts +€46,739
up €46,739, from €0 to €46,739
Income statement
- Gross operating margin -€76,238
down €76,238 (-10.4%), from €733,262 to €657,024
- Taxes -€33,679
down €33,679 (-30.6%), from €109,884 to €76,205
- Staff costs +€16,716
up €16,716 (+5.0%), from €331,194 to €347,910
- Write-downs +€12,771
up €12,771, from €0 to €12,771
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
€227,287
Gross operating margin
-€76,238
Staff costs
-€16,716
Depreciation
+€3,261
Write-downs
-€12,771
Other operating charges
-€450
Other operating items
-€7,679
Financial income
+€3,401
Financial charges
+€2,644
Taxes
+€33,679
Result 2025
€156,418
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
+€329,711
Investment
-€34,065
Financing
-€171,418
Cash 2024
€278,642
From operations (derived)
+€329,711
Net result for the year
+€156,418
Depreciation
+€56,957
Receivables after one year
+€25,520
Receivables within one year
+€25,082
Deferred charges and accrued income
-€3,280
Trade debts
-€94,655
Tax, wage and social debts
+€8,931
Other debts
+€46,739
Accrued charges and deferred income
+€108,000
Investment (derived)
-€34,065
Investment in fixed assets (net)
+€15,935
Current investments
-€50,000
Financing
-€171,418
Current portion of long-term debt
-€76,418
Contributions, distributions and other
-€95,000
Cash 2025
€402,870
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,122,644 | €1,176,659 | +€54,014 | +4.8% |
| Fixed assets | 21/28 | €101,148 | €28,257 | -€72,892 | -72.1% |
| Tangible fixed assets | 22/27 | €101,148 | €28,257 | -€72,892 | -72.1% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | - | €2,854 | +€2,854 | |
| Furniture and vehicles | 24 | €51,077 | €19,572 | -€31,506 | -61.7% |
| Leasing and similar rights | 25 | €45,960 | €2,411 | -€43,549 | -94.8% |
| Other tangible fixed assets | 26 | €4,111 | €3,420 | -€691 | -16.8% |
| Current assets | 29/58 | €1,021,496 | €1,148,402 | +€126,906 | +12.4% |
| Amounts receivable after more than one year | 29 | €192,130 | €166,610 | -€25,520 | -13.3% |
| Other amounts receivable | 291 | €192,130 | €166,610 | -€25,520 | -13.3% |
| Amounts receivable within one year | 40/41 | €337,478 | €312,396 | -€25,082 | -7.4% |
| Trade receivables | 40 | €280,996 | €218,161 | -€62,835 | -22.4% |
| Other amounts receivable | 41 | €56,482 | €94,235 | +€37,753 | +66.8% |
| Current investments | 50/53 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €278,642 | €402,870 | +€124,228 | +44.6% |
| Deferred charges and accrued income | 490/1 | €13,246 | €16,526 | +€3,280 | +24.8% |
| Total equity and liabilities | 10/49 | €1,122,644 | €1,176,659 | +€54,014 | +4.8% |
| Equity | 10/15 | €815,455 | €876,873 | +€61,418 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €809,255 | €870,673 | +€61,418 | +7.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €807,395 | €868,813 | +€61,418 | +7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €307,189 | €299,785 | -€7,403 | -2.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €305,189 | €189,785 | -€115,403 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €93,264 | €16,846 | -€76,418 | -81.9% |
| Trade debts | 44 | €203,759 | €109,104 | -€94,655 | -46.5% |
| Suppliers | 440/4 | €203,759 | €109,104 | -€94,655 | -46.5% |
| Taxes, remuneration and social security | 45 | €8,166 | €17,097 | +€8,931 | +109% |
| Taxes | 450/3 | €1,331 | €1,560 | +€229 | +17.2% |
| Remuneration and social security | 454/9 | €6,834 | €15,536 | +€8,702 | +127% |
| Other amounts payable | 47/48 | €0 | €46,739 | +€46,739 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €110,000 | +€108,000 | +5,400% |
| Non-recurring operating income | 76A | - | €29,862 | +€29,862 | |
| Remuneration, social security and pensions | 62 | €331,194 | €347,910 | +€16,716 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,218 | €56,957 | -€3,261 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €12,771 | +€12,771 | |
| Other operating charges | 640/8 | €3,035 | €3,486 | +€450 | +14.8% |
| Non-recurring operating charges | 66A | - | €7,679 | +€7,679 | |
| Gross operating margin | 9900 | €733,262 | €657,024 | -€76,238 | -10.4% |
| Operating profit (loss) | 9901 | €338,815 | €228,222 | -€110,593 | -32.6% |
| Financial income | 75/76B | €4,278 | €7,679 | +€3,401 | +79.5% |
| Recurring financial income | 75 | €4,278 | €7,679 | +€3,401 | +79.5% |
| Financial charges | 65/66B | €5,922 | €3,278 | -€2,644 | -44.6% |
| Recurring financial charges | 65 | €5,922 | €3,278 | -€2,644 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €337,171 | €232,623 | -€104,548 | -31.0% |
| Income taxes | 67/77 | €109,884 | €76,205 | -€33,679 | -30.6% |
| Profit (loss) for the period | 9904 | €227,287 | €156,418 | -€70,869 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €227,287 | €156,418 | -€70,869 | -31.2% |
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 6 November 2026 via checked.be.