ARCHITECT MICHAËL GERVAIS: what changed
ARCHITECT MICHAËL GERVAIS
Largest movements
- Receivables within one year +€94,868
up €94,868 (+2,652%), from €3,578 to €98,446
of which Trade receivables: +€98,383
- Tangible fixed assets -€20,242
down €20,242 (-20.1%), from €100,936 to €80,693
- Cash -€6,462
down €6,462 (-4.2%), from €153,179 to €146,718
mainly Contributions, distributions and other (-€121,319) and Receivables within one year (-€94,868)
- Current investments +€6,286
up €6,286 (+9.4%), from €66,557 to €72,843
- Other debts +€100,470
up €100,470 (+734%), from €13,683 to €114,153
- Reserves -€70,979
down €70,979 (-24.2%), from €293,413 to €222,434
of which Distributable reserves: -€70,979
- Tax, wage and social debts +€42,656
up €42,656 (+3,403%), from €1,253 to €43,910
- Gross operating margin +€69,897
up €69,897 (+290%), from €24,073 to €93,970
- Depreciation +€19,966
up €19,966 (+7,220%), from €277 to €20,242
- Taxes +€16,271
up €16,271 (+245%), from €6,636 to €22,907
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,250 | €398,711 | +€74,462 | +23.0% |
| Fixed assets | 21/28 | €100,936 | €80,693 | -€20,242 | -20.1% |
| Tangible fixed assets | 22/27 | €100,936 | €80,693 | -€20,242 | -20.1% |
| Furniture and vehicles | 24 | €100,936 | €80,693 | -€20,242 | -20.1% |
| Current assets | 29/58 | €223,314 | €318,018 | +€94,704 | +42.4% |
| Amounts receivable within one year | 40/41 | €3,578 | €98,446 | +€94,868 | +2,652% |
| Trade receivables | 40 | €63 | €98,446 | +€98,383 | +155,915% |
| Other amounts receivable | 41 | €3,515 | - | -€3,515 | |
| Current investments | 50/53 | €66,557 | €72,843 | +€6,286 | +9.4% |
| Cash at bank and in hand | 54/58 | €153,179 | €146,718 | -€6,462 | -4.2% |
| Deferred charges and accrued income | 490/1 | - | €12 | +€12 | |
| Total equity and liabilities | 10/49 | €324,250 | €398,711 | +€74,462 | +23.0% |
| Equity | 10/15 | €305,813 | €234,834 | -€70,979 | -23.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €293,413 | €222,434 | -€70,979 | -24.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €291,553 | €220,574 | -€70,979 | -24.3% |
| Amounts payable | 17/49 | €18,437 | €163,878 | +€145,441 | +789% |
| Amounts payable within one year | 42/48 | €18,437 | €163,878 | +€145,441 | +789% |
| Trade debts | 44 | €3,501 | €5,815 | +€2,315 | +66.1% |
| Suppliers | 440/4 | €3,501 | €5,815 | +€2,315 | +66.1% |
| Taxes, remuneration and social security | 45 | €1,253 | €43,910 | +€42,656 | +3,403% |
| Taxes | 450/3 | €1,253 | €43,910 | +€42,656 | +3,403% |
| Other amounts payable | 47/48 | €13,683 | €114,153 | +€100,470 | +734% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277 | €20,242 | +€19,966 | +7,220% |
| Other operating charges | 640/8 | €2,247 | €1,589 | -€658 | -29.3% |
| Gross operating margin | 9900 | €24,073 | €93,970 | +€69,897 | +290% |
| Operating profit (loss) | 9901 | €21,549 | €72,138 | +€50,589 | +235% |
| Financial income | 75/76B | €1,276 | €1,246 | -€31 | -2.4% |
| Recurring financial income | 75 | €1,276 | €1,246 | -€31 | -2.4% |
| Financial charges | 65/66B | €96 | €137 | +€41 | +42.2% |
| Recurring financial charges | 65 | €96 | €137 | +€41 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €22,729 | €73,248 | +€50,518 | +222% |
| Income taxes | 67/77 | €6,636 | €22,907 | +€16,271 | +245% |
| Profit (loss) for the period | 9904 | €16,093 | €50,340 | +€34,247 | +213% |
| Profit (loss) for the period to be appropriated | 9905 | €16,093 | €50,340 | +€34,247 | +213% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.