V ARCHITECTURE: 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.
V ARCHITECTURE
Largest movements
- Receivables within one year +€97,436
up €97,436 (+300%), from €32,501 to €129,937
of which Trade receivables: +€107,770
- Cash -€85,424
down €85,424 (-90.7%), from €94,155 to €8,731
mainly Receivables within one year (-€97,436) and Contributions, distributions and other (-€29,000)
- Stocks and contracts +€11,941
new in 2025: €11,941
- Tangible fixed assets -€8,642
down €8,642 (-33.9%), from €25,519 to €16,877
of which Furniture and vehicles: -€6,662
- Deferred charges and accrued income -€2,105
down €2,105 (-28.2%), from €7,473 to €5,368
- Accrued charges and deferred income +€25,851
up €25,851 (+401%), from €6,444 to €32,295
- Other debts -€8,166
down €8,166 (-12.6%), from €65,000 to €56,834
- Trade debts -€7,416
down €7,416 (-16.0%), from €46,478 to €39,062
- Advances received +€2,496
up €2,496 (+20.3%), from €12,272 to €14,768
- Gross operating margin -€40,798
down €40,798 (-42.5%), from €96,090 to €55,292
- Taxes -€9,698
down €9,698 (-53.0%), from €18,306 to €8,608
- Write-downs +€6,873
new in 2025: €6,873
- Other operating charges -€3,256
down €3,256 (-75.9%), from €4,291 to €1,035
- Depreciation +€1,228
up €1,228 (+16.6%), from €7,415 to €8,642
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 | €169,441 | €182,646 | +€13,205 | +7.8% |
| Fixed assets | 21/28 | €35,311 | €26,669 | -€8,642 | -24.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €25,519 | €16,877 | -€8,642 | -33.9% |
| Plant, machinery and equipment | 23 | €2,307 | €1,718 | -€590 | -25.6% |
| Furniture and vehicles | 24 | €16,278 | €9,616 | -€6,662 | -40.9% |
| Other tangible fixed assets | 26 | €6,934 | €5,543 | -€1,390 | -20.1% |
| Financial fixed assets | 28 | €9,792 | €9,792 | = | 0.0% |
| Current assets | 29/58 | €134,130 | €155,977 | +€21,847 | +16.3% |
| Stocks and contracts in progress | 3 | - | €11,941 | +€11,941 | |
| Contracts in progress | 37 | - | €11,941 | +€11,941 | |
| Amounts receivable within one year | 40/41 | €32,501 | €129,937 | +€97,436 | +300% |
| Trade receivables | 40 | €19,081 | €126,851 | +€107,770 | +565% |
| Other amounts receivable | 41 | €13,421 | €3,086 | -€10,334 | -77.0% |
| Cash at bank and in hand | 54/58 | €94,155 | €8,731 | -€85,424 | -90.7% |
| Deferred charges and accrued income | 490/1 | €7,473 | €5,368 | -€2,105 | -28.2% |
| Total equity and liabilities | 10/49 | €169,441 | €182,646 | +€13,205 | +7.8% |
| Equity | 10/15 | €20,534 | €19,933 | -€601 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €513 | €513 | = | 0.0% |
| Distributable reserves | 133 | €513 | €513 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,422 | €820 | -€601 | -42.3% |
| Amounts payable | 17/49 | €148,907 | €162,713 | +€13,807 | +9.3% |
| Amounts payable within one year | 42/48 | €142,462 | €130,418 | -€12,044 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €1,132 | - | -€1,132 | |
| Financial debts | 43 | €438 | €1,760 | +€1,322 | +302% |
| Credit institutions | 430/8 | €438 | €1,760 | +€1,322 | +302% |
| Trade debts | 44 | €46,478 | €39,062 | -€7,416 | -16.0% |
| Suppliers | 440/4 | €46,478 | €39,062 | -€7,416 | -16.0% |
| Advances received on contracts in progress | 46 | €12,272 | €14,768 | +€2,496 | +20.3% |
| Taxes, remuneration and social security | 45 | €17,142 | €17,994 | +€852 | +5.0% |
| Taxes | 450/3 | €17,142 | €17,994 | +€852 | +5.0% |
| Other amounts payable | 47/48 | €65,000 | €56,834 | -€8,166 | -12.6% |
| Accrued charges and deferred income | 492/3 | €6,444 | €32,295 | +€25,851 | +401% |
| Remuneration, social security and pensions | 62 | €0 | €416 | +€416 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,415 | €8,642 | +€1,228 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,873 | +€6,873 | |
| Other operating charges | 640/8 | €4,291 | €1,035 | -€3,256 | -75.9% |
| Gross operating margin | 9900 | €96,090 | €55,292 | -€40,798 | -42.5% |
| Operating profit (loss) | 9901 | €84,385 | €38,326 | -€46,059 | -54.6% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €1,006 | €1,320 | +€314 | +31.2% |
| Recurring financial charges | 65 | €1,006 | €1,320 | +€314 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €83,397 | €37,006 | -€46,391 | -55.6% |
| Income taxes | 67/77 | €18,306 | €8,608 | -€9,698 | -53.0% |
| Profit (loss) for the period | 9904 | €65,091 | €28,399 | -€36,693 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,091 | €28,399 | -€36,693 | -56.4% |
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 18 October 2026 via checked.be.