VdS-architect: what changed
Two fiscal 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.
VdS-architect
Largest movements
- Receivables within one year -€38,279
down €38,279 (-82.1%), from €46,628 to €8,349
of which Other amounts receivable: -€21,735
- Cash +€36,041
up €36,041 (+18.6%), from €193,552 to €229,593
mainly Net result for the year (+€68,524) and Receivables within one year (+€38,279)
- Tangible fixed assets -€22,114
down €22,114 (-12.0%), from €184,916 to €162,802
of which Land and buildings: -€20,168
- Reserves +€68,524
up €68,524 (+24.2%), from €283,057 to €351,582
of which Distributable reserves: +€68,524
- Debts after one year -€50,344
down €50,344 (-60.8%), from €82,739 to €32,395
- Other debts -€43,573
down €43,573 (-76.5%), from €56,965 to €13,392
- Trade debts +€8,347
up €8,347 (+47.0%), from €17,753 to €26,100
- Taxes +€7,440
up €7,440 (+29.8%), from €25,003 to €32,443
- Gross operating margin -€4,188
down €4,188 (-3.1%), from €133,961 to €129,773
- Depreciation +€1,829
up €1,829 (+9.0%), from €20,285 to €22,114
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.
Cash bridge derived
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 | €484,672 | €462,750 | -€21,922 | -4.5% |
| Fixed assets | 21/28 | €184,916 | €162,802 | -€22,114 | -12.0% |
| Tangible fixed assets | 22/27 | €184,916 | €162,802 | -€22,114 | -12.0% |
| Land and buildings | 22 | €175,304 | €155,136 | -€20,168 | -11.5% |
| Furniture and vehicles | 24 | €9,612 | €7,666 | -€1,946 | -20.2% |
| Current assets | 29/58 | €299,756 | €299,948 | +€192 | +0.1% |
| Amounts receivable within one year | 40/41 | €46,628 | €8,349 | -€38,279 | -82.1% |
| Trade receivables | 40 | €23,375 | €6,832 | -€16,544 | -70.8% |
| Other amounts receivable | 41 | €23,252 | €1,518 | -€21,735 | -93.5% |
| Current investments | 50/53 | €39,692 | €39,692 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €193,552 | €229,593 | +€36,041 | +18.6% |
| Deferred charges and accrued income | 490/1 | €19,884 | €22,314 | +€2,430 | +12.2% |
| Total equity and liabilities | 10/49 | €484,672 | €462,750 | -€21,922 | -4.5% |
| Equity | 10/15 | €297,317 | €365,842 | +€68,524 | +23.0% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €283,057 | €351,582 | +€68,524 | +24.2% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €264,307 | €332,832 | +€68,524 | +25.9% |
| Amounts payable | 17/49 | €187,355 | €96,909 | -€90,446 | -48.3% |
| Amounts payable after more than one year | 17 | €82,739 | €32,395 | -€50,344 | -60.8% |
| Financial debts | 170/4 | €82,739 | €32,395 | -€50,344 | -60.8% |
| Amounts payable within one year | 42/48 | €104,372 | €64,014 | -€40,358 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €8,391 | €3,964 | -€4,427 | -52.8% |
| Trade debts | 44 | €17,753 | €26,100 | +€8,347 | +47.0% |
| Suppliers | 440/4 | €17,753 | €26,100 | +€8,347 | +47.0% |
| Taxes, remuneration and social security | 45 | €21,264 | €20,559 | -€705 | -3.3% |
| Taxes | 450/3 | €21,264 | €20,559 | -€705 | -3.3% |
| Other amounts payable | 47/48 | €56,965 | €13,392 | -€43,573 | -76.5% |
| Accrued charges and deferred income | 492/3 | €245 | €500 | +€255 | +104.3% |
| Non-recurring operating income | 76A | - | €15,100 | +€15,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,285 | €22,114 | +€1,829 | +9.0% |
| Other operating charges | 640/8 | €1,910 | €2,454 | +€544 | +28.5% |
| Gross operating margin | 9900 | €133,961 | €129,773 | -€4,188 | -3.1% |
| Operating profit (loss) | 9901 | €111,765 | €105,204 | -€6,561 | -5.9% |
| Financial income | 75/76B | €2,429 | €1,406 | -€1,023 | -42.1% |
| Recurring financial income | 75 | €2,429 | €1,406 | -€1,023 | -42.1% |
| Financial charges | 65/66B | €6,861 | €5,644 | -€1,217 | -17.7% |
| Recurring financial charges | 65 | €6,861 | €5,644 | -€1,217 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €107,334 | €100,967 | -€6,367 | -5.9% |
| Income taxes | 67/77 | €25,003 | €32,443 | +€7,440 | +29.8% |
| Profit (loss) for the period | 9904 | €82,331 | €68,524 | -€13,806 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,331 | €68,524 | -€13,806 | -16.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.