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.
VG ARCHITECTEN
Largest movements
- Cash -€32,627
down €32,627 (-16.8%), from €194,578 to €161,951
mainly Trade debts (-€23,512) and Receivables within one year (-€20,750)
- Receivables within one year +€20,750
up €20,750 (+19.2%), from €107,939 to €128,689
of which Other amounts receivable: +€18,330
- Tangible fixed assets -€18,800
down €18,800 (-14.5%), from €129,333 to €110,533
of which Other tangible fixed assets: -€17,549
- Trade debts -€23,512
down €23,512 (-94.5%), from €24,893 to €1,381
- Debts after one year -€16,250
down €16,250 (-17.8%), from €91,312 to €75,062
- Tax, wage and social debts +€7,293
up €7,293 (+76.0%), from €9,602 to €16,894
- Gross operating margin -€9,473
down €9,473 (-22.2%), from €42,636 to €33,162
- Taxes -€2,319
down €2,319 (-54.3%), from €4,267 to €1,948
- Financial income +€1,617
up €1,617 (+105.7%), from €1,529 to €3,146
- Financial charges +€705
up €705 (+11.2%), from €6,286 to €6,991
- Other operating charges +€652
up €652 (+30.9%), from €2,108 to €2,760
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €432,761 | €401,172 | -€31,589 | -7.3% |
| Fixed assets | 21/28 | €129,333 | €110,533 | -€18,800 | -14.5% |
| Tangible fixed assets | 22/27 | €129,333 | €110,533 | -€18,800 | -14.5% |
| Land and buildings | 22 | €1,538 | €1,538 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,123 | €2,703 | -€1,421 | -34.5% |
| Furniture and vehicles | 24 | €1,753 | €1,922 | +€169 | +9.7% |
| Other tangible fixed assets | 26 | €121,919 | €104,371 | -€17,549 | -14.4% |
| Current assets | 29/58 | €303,428 | €290,640 | -€12,789 | -4.2% |
| Amounts receivable within one year | 40/41 | €107,939 | €128,689 | +€20,750 | +19.2% |
| Trade receivables | 40 | €62,686 | €65,106 | +€2,420 | +3.9% |
| Other amounts receivable | 41 | €45,253 | €63,583 | +€18,330 | +40.5% |
| Cash at bank and in hand | 54/58 | €194,578 | €161,951 | -€32,627 | -16.8% |
| Deferred charges and accrued income | 490/1 | €911 | €0 | -€911 | -100.0% |
| Total equity and liabilities | 10/49 | €432,761 | €401,172 | -€31,589 | -7.3% |
| Equity | 10/15 | €290,379 | €291,098 | +€719 | +0.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €277,979 | €278,698 | +€719 | +0.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €277,979 | €278,698 | +€719 | +0.3% |
| Amounts payable | 17/49 | €142,382 | €110,075 | -€32,307 | -22.7% |
| Amounts payable after more than one year | 17 | €91,312 | €75,062 | -€16,250 | -17.8% |
| Financial debts | 170/4 | €91,312 | €75,062 | -€16,250 | -17.8% |
| Amounts payable within one year | 42/48 | €50,495 | €34,437 | -€16,057 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €16,000 | €16,162 | +€162 | +1.0% |
| Trade debts | 44 | €24,893 | €1,381 | -€23,512 | -94.5% |
| Suppliers | 440/4 | €24,893 | €1,381 | -€23,512 | -94.5% |
| Taxes, remuneration and social security | 45 | €9,602 | €16,894 | +€7,293 | +76.0% |
| Taxes | 450/3 | €9,602 | €16,894 | +€7,293 | +76.0% |
| Accrued charges and deferred income | 492/3 | €575 | €575 | = | 0.0% |
| Non-recurring operating income | 76A | €8,622 | €0 | -€8,622 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,154 | €23,891 | -€263 | -1.1% |
| Other operating charges | 640/8 | €2,108 | €2,760 | +€652 | +30.9% |
| Gross operating margin | 9900 | €42,636 | €33,162 | -€9,473 | -22.2% |
| Operating profit (loss) | 9901 | €16,374 | €6,512 | -€9,862 | -60.2% |
| Financial income | 75/76B | €1,529 | €3,146 | +€1,617 | +105.7% |
| Recurring financial income | 75 | €1,529 | €3,146 | +€1,617 | +105.7% |
| Financial charges | 65/66B | €6,286 | €6,991 | +€705 | +11.2% |
| Recurring financial charges | 65 | €6,286 | €6,991 | +€705 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €11,617 | €2,667 | -€8,950 | -77.0% |
| Income taxes | 67/77 | €4,267 | €1,948 | -€2,319 | -54.3% |
| Profit (loss) for the period | 9904 | €7,350 | €719 | -€6,631 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,350 | €719 | -€6,631 | -90.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 September 2026 via checked.be.