ARCHITECT DE SWAEF: 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.
ARCHITECT DE SWAEF
Largest movements
- Tangible fixed assets -€12,489
down €12,489 (-35.1%), from €35,596 to €23,107
of which Furniture and vehicles: -€13,046
- Cash -€5,082
down €5,082 (-11.5%), from €44,345 to €39,263
mainly Other debts (-€16,142) and Debts after one year (-€7,229)
- Current investments +€3,039
up €3,039 (+59.9%), from €5,071 to €8,109
- Other debts -€16,142
down €16,142 (-44.2%), from €36,482 to €20,340
- Reserves +€8,404
up €8,404 (+28.0%), from €30,000 to €38,404
- Debts after one year -€7,229
down €7,229 (-59.5%), from €12,148 to €4,919
- Trade debts +€1,241
new in 2025: €1,241
- Gross operating margin -€7,742
down €7,742 (-21.4%), from €36,177 to €28,434
- Taxes -€1,155
down €1,155 (-21.9%), from €5,281 to €4,125
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 | €93,156 | €78,936 | -€14,220 | -15.3% |
| Fixed assets | 21/28 | €35,596 | €23,107 | -€12,489 | -35.1% |
| Tangible fixed assets | 22/27 | €35,596 | €23,107 | -€12,489 | -35.1% |
| Plant, machinery and equipment | 23 | €2,775 | €3,332 | +€558 | +20.1% |
| Furniture and vehicles | 24 | €32,821 | €19,775 | -€13,046 | -39.7% |
| Current assets | 29/58 | €57,560 | €55,829 | -€1,731 | -3.0% |
| Amounts receivable within one year | 40/41 | €8,144 | €8,456 | +€312 | +3.8% |
| Trade receivables | 40 | €8,144 | €3,581 | -€4,563 | -56.0% |
| Other amounts receivable | 41 | - | €4,875 | +€4,875 | |
| Current investments | 50/53 | €5,071 | €8,109 | +€3,039 | +59.9% |
| Cash at bank and in hand | 54/58 | €44,345 | €39,263 | -€5,082 | -11.5% |
| Total equity and liabilities | 10/49 | €93,156 | €78,936 | -€14,220 | -15.3% |
| Equity | 10/15 | €31,000 | €39,404 | +€8,404 | +27.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €38,404 | +€8,404 | +28.0% |
| Distributable reserves | 133 | €30,000 | €38,404 | +€8,404 | +28.0% |
| Amounts payable | 17/49 | €62,156 | €39,531 | -€22,624 | -36.4% |
| Amounts payable after more than one year | 17 | €12,148 | €4,919 | -€7,229 | -59.5% |
| Financial debts | 170/4 | €12,148 | €4,919 | -€7,229 | -59.5% |
| Amounts payable within one year | 42/48 | €50,007 | €34,491 | -€15,516 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €7,053 | €7,229 | +€176 | +2.5% |
| Trade debts | 44 | - | €1,241 | +€1,241 | |
| Suppliers | 440/4 | - | €1,241 | +€1,241 | |
| Taxes, remuneration and social security | 45 | €6,472 | €5,681 | -€791 | -12.2% |
| Taxes | 450/3 | €6,472 | €5,681 | -€791 | -12.2% |
| Other amounts payable | 47/48 | €36,482 | €20,340 | -€16,142 | -44.2% |
| Accrued charges and deferred income | 492/3 | - | €121 | +€121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,551 | €14,504 | -€47 | -0.3% |
| Other operating charges | 640/8 | €1,059 | €934 | -€126 | -11.9% |
| Gross operating margin | 9900 | €36,177 | €28,434 | -€7,742 | -21.4% |
| Operating profit (loss) | 9901 | €20,566 | €12,996 | -€7,569 | -36.8% |
| Financial income | 75/76B | €11 | €39 | +€28 | +240% |
| Recurring financial income | 75 | €11 | €39 | +€28 | +240% |
| Financial charges | 65/66B | €700 | €506 | -€194 | -27.7% |
| Recurring financial charges | 65 | €700 | €506 | -€194 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €19,878 | €12,529 | -€7,348 | -37.0% |
| Income taxes | 67/77 | €5,281 | €4,125 | -€1,155 | -21.9% |
| Profit (loss) for the period | 9904 | €14,597 | €8,404 | -€6,193 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,597 | €8,404 | -€6,193 | -42.4% |
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 30 October 2026 via checked.be.