CW ARCHITECTS: 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.
CW ARCHITECTS
Largest movements
- Current investments -€147,000
no longer reported in 2025 (was €147,000)
- Receivables within one year +€35,008
up €35,008 (+55.3%), from €63,360 to €98,368
of which Trade receivables: +€45,020
- Tangible fixed assets -€11,497
down €11,497 (-18.8%), from €61,003 to €49,506
of which Furniture and vehicles: -€10,318
- Cash +€11,399
up €11,399 (+8.3%), from €136,870 to €148,269
mainly Current investments (+€147,000) and Depreciation (+€16,667)
- Deferred charges and accrued income -€6,191
down €6,191 (-25.7%), from €24,115 to €17,925
- Profit (loss) carried forward -€68,833
down €68,833 (-32.1%), from €214,634 to €145,801
- Other debts -€48,405
down €48,405 (-99.3%), from €48,758 to €353
- Trade debts -€15,317
down €15,317 (-70.3%), from €21,797 to €6,481
- Tax, wage and social debts +€11,505
up €11,505 (+273%), from €4,210 to €15,715
- Current portion of long-term debt -€5,652
down €5,652 (-91.6%), from €6,170 to €518
- Gross operating margin -€21,777
down €21,777 (-87.7%), from -€24,825 to -€46,601
- Depreciation -€6,039
down €6,039 (-26.6%), from €22,706 to €16,667
- Financial charges +€5,933
up €5,933 (+1,117%), from €531 to €6,464
of which Non-recurring financial charges: +€6,000
- Financial income -€3,310
down €3,310 (-68.4%), from €4,841 to €1,531
- Other operating charges -€864
down €864 (-47.6%), from €1,813 to €949
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 | €438,348 | €314,067 | -€124,281 | -28.4% |
| Fixed assets | 21/28 | €67,003 | €49,506 | -€17,497 | -26.1% |
| Tangible fixed assets | 22/27 | €61,003 | €49,506 | -€11,497 | -18.8% |
| Furniture and vehicles | 24 | €15,209 | €4,891 | -€10,318 | -67.8% |
| Other tangible fixed assets | 26 | €45,794 | €44,615 | -€1,179 | -2.6% |
| Financial fixed assets | 28 | €6,000 | - | -€6,000 | |
| Current assets | 29/58 | €371,345 | €264,561 | -€106,783 | -28.8% |
| Amounts receivable within one year | 40/41 | €63,360 | €98,368 | +€35,008 | +55.3% |
| Trade receivables | 40 | €50,547 | €95,567 | +€45,020 | +89.1% |
| Other amounts receivable | 41 | €12,813 | €2,801 | -€10,012 | -78.1% |
| Current investments | 50/53 | €147,000 | - | -€147,000 | |
| Cash at bank and in hand | 54/58 | €136,870 | €148,269 | +€11,399 | +8.3% |
| Deferred charges and accrued income | 490/1 | €24,115 | €17,925 | -€6,191 | -25.7% |
| Total equity and liabilities | 10/49 | €438,348 | €314,067 | -€124,281 | -28.4% |
| Equity | 10/15 | €356,894 | €288,061 | -€68,833 | -19.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €129,860 | €129,860 | = | 0.0% |
| 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 | €128,000 | €128,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €214,634 | €145,801 | -€68,833 | -32.1% |
| Amounts payable | 17/49 | €81,454 | €26,006 | -€55,448 | -68.1% |
| Amounts payable after more than one year | 17 | €518 | - | -€518 | |
| Financial debts | 170/4 | €518 | - | -€518 | |
| Amounts payable within one year | 42/48 | €80,935 | €23,067 | -€57,868 | -71.5% |
| Current portion of amounts payable after more than one year | 42 | €6,170 | €518 | -€5,652 | -91.6% |
| Trade debts | 44 | €21,797 | €6,481 | -€15,317 | -70.3% |
| Suppliers | 440/4 | €21,797 | €6,481 | -€15,317 | -70.3% |
| Taxes, remuneration and social security | 45 | €4,210 | €15,715 | +€11,505 | +273% |
| Taxes | 450/3 | €4,210 | €15,715 | +€11,505 | +273% |
| Other amounts payable | 47/48 | €48,758 | €353 | -€48,405 | -99.3% |
| Accrued charges and deferred income | 492/3 | - | €2,939 | +€2,939 | |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,706 | €16,667 | -€6,039 | -26.6% |
| Other operating charges | 640/8 | €1,813 | €949 | -€864 | -47.6% |
| Gross operating margin | 9900 | -€24,825 | -€46,601 | -€21,777 | -87.7% |
| Operating profit (loss) | 9901 | -€49,343 | -€64,218 | -€14,874 | -30.1% |
| Financial income | 75/76B | €4,841 | €1,531 | -€3,310 | -68.4% |
| Recurring financial income | 75 | €4,841 | €1,531 | -€3,310 | -68.4% |
| Financial charges | 65/66B | €531 | €6,464 | +€5,933 | +1,117% |
| Recurring financial charges | 65 | €531 | €464 | -€67 | -12.6% |
| Non-recurring financial charges | 66B | - | €6,000 | +€6,000 | |
| Profit (loss) for the period before taxes | 9903 | -€45,033 | -€69,151 | -€24,117 | -53.6% |
| Income taxes | 67/77 | -€1,093 | -€318 | +€775 | +70.9% |
| Profit (loss) for the period | 9904 | -€43,941 | -€68,833 | -€24,892 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,941 | -€68,833 | -€24,892 | -56.6% |
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 13 October 2026 via checked.be.