ARCHITECT MERTENS: 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 MERTENS
Largest movements
- Cash -€33,500
down €33,500 (-53.5%), from €62,630 to €29,130
mainly Debts after one year (-€49,750) and Receivables within one year (-€15,809)
- Receivables within one year +€15,809
up €15,809 (+107%), from €14,736 to €30,545
of which Trade receivables: +€15,114
- Tangible fixed assets -€9,850
down €9,850 (-38.0%), from €25,906 to €16,056
of which Furniture and vehicles: -€12,264
- Deferred charges and accrued income -€2,243
down €2,243 (-73.9%), from €3,033 to €790
- Debts after one year -€49,750
no longer reported in 2025 (was €49,750)
- Reserves +€14,328
up €14,328 (+33.0%), from €43,450 to €57,778
- Other debts +€2,610
new in 2025: €2,610
- Tax, wage and social debts +€1,460
up €1,460 (+20.7%), from €7,066 to €8,526
of which Taxes: +€741
- Gross operating margin -€4,786
down €4,786 (-12.7%), from €37,780 to €32,994
- Taxes +€3,458
up €3,458 (+2,541%), from €136 to €3,594
- Depreciation -€1,399
down €1,399 (-9.9%), from €14,153 to €12,754
- Financial charges +€594
up €594 (+354%), from €168 to €762
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 | €107,844 | €77,671 | -€30,172 | -28.0% |
| Fixed assets | 21/28 | €27,445 | €17,207 | -€10,238 | -37.3% |
| Intangible fixed assets | 21 | €1,538 | €1,150 | -€388 | -25.2% |
| Tangible fixed assets | 22/27 | €25,906 | €16,056 | -€9,850 | -38.0% |
| Plant, machinery and equipment | 23 | €58 | €2,472 | +€2,415 | +4,186% |
| Furniture and vehicles | 24 | €25,849 | €13,584 | -€12,264 | -47.4% |
| Current assets | 29/58 | €80,399 | €60,465 | -€19,934 | -24.8% |
| Amounts receivable within one year | 40/41 | €14,736 | €30,545 | +€15,809 | +107% |
| Trade receivables | 40 | €14,736 | €29,850 | +€15,114 | +103% |
| Other amounts receivable | 41 | €0 | €695 | +€695 | |
| Cash at bank and in hand | 54/58 | €62,630 | €29,130 | -€33,500 | -53.5% |
| Deferred charges and accrued income | 490/1 | €3,033 | €790 | -€2,243 | -73.9% |
| Total equity and liabilities | 10/49 | €107,844 | €77,671 | -€30,172 | -28.0% |
| Equity | 10/15 | €44,770 | €59,778 | +€15,007 | +33.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €43,450 | €57,778 | +€14,328 | +33.0% |
| Distributable reserves | 133 | €43,450 | €57,778 | +€14,328 | +33.0% |
| Profit (loss) carried forward | 14 | -€680 | - | +€680 | |
| Amounts payable | 17/49 | €63,073 | €17,894 | -€45,180 | -71.6% |
| Amounts payable after more than one year | 17 | €49,750 | - | -€49,750 | |
| Financial debts | 170/4 | €49,750 | - | -€49,750 | |
| Amounts payable within one year | 42/48 | €12,995 | €17,894 | +€4,899 | +37.7% |
| Trade debts | 44 | €5,929 | €6,758 | +€830 | +14.0% |
| Suppliers | 440/4 | €5,929 | €6,758 | +€830 | +14.0% |
| Taxes, remuneration and social security | 45 | €7,066 | €8,526 | +€1,460 | +20.7% |
| Taxes | 450/3 | €6,631 | €7,372 | +€741 | +11.2% |
| Remuneration and social security | 454/9 | €436 | €1,154 | +€719 | +165% |
| Other amounts payable | 47/48 | - | €2,610 | +€2,610 | |
| Accrued charges and deferred income | 492/3 | €329 | - | -€329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,153 | €12,754 | -€1,399 | -9.9% |
| Other operating charges | 640/8 | €628 | €899 | +€271 | +43.2% |
| Gross operating margin | 9900 | €37,780 | €32,994 | -€4,786 | -12.7% |
| Operating profit (loss) | 9901 | €22,999 | €19,341 | -€3,658 | -15.9% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €168 | €762 | +€594 | +354% |
| Recurring financial charges | 65 | €168 | €762 | +€594 | +354% |
| Profit (loss) for the period before taxes | 9903 | €22,832 | €18,602 | -€4,230 | -18.5% |
| Income taxes | 67/77 | €136 | €3,594 | +€3,458 | +2,541% |
| Profit (loss) for the period | 9904 | €22,696 | €15,007 | -€7,688 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,696 | €15,007 | -€7,688 | -33.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.