Fred Rahier Architecte: 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.
Fred Rahier Architecte
Largest movements
- Cash +€110,211
up €110,211 (+73.0%), from €150,968 to €261,179
mainly Other debts (+€254,659) and Net result for the year (+€58,873)
- Current investments -€50,000
down €50,000 (-95.2%), from €52,500 to €2,500
- Receivables within one year -€6,813
down €6,813 (-10.2%), from €66,699 to €59,886
of which Other amounts receivable: -€5,389
- Other debts +€254,659
up €254,659 (+4,346%), from €5,860 to €260,519
- Profit (loss) carried forward -€241,127
down €241,127 (-96.0%), from €251,112 to €9,985
- Tax, wage and social debts +€38,697
up €38,697 (+333%), from €11,632 to €50,329
- Gross operating margin -€18,674
down €18,674 (-18.9%), from €98,749 to €80,075
- Taxes -€4,168
down €4,168 (-16.6%), from €25,046 to €20,878
- Financial income +€1,830
up €1,830 (+2,239%), from €82 to €1,911
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 | €275,429 | €327,217 | +€51,788 | +18.8% |
| Fixed assets | 21/28 | €4,783 | €3,181 | -€1,602 | -33.5% |
| Tangible fixed assets | 22/27 | €4,783 | €3,181 | -€1,602 | -33.5% |
| Plant, machinery and equipment | 23 | €1,155 | €974 | -€180 | -15.6% |
| Furniture and vehicles | 24 | €3,628 | €2,207 | -€1,421 | -39.2% |
| Current assets | 29/58 | €270,646 | €324,036 | +€53,390 | +19.7% |
| Amounts receivable within one year | 40/41 | €66,699 | €59,886 | -€6,813 | -10.2% |
| Trade receivables | 40 | €56,614 | €55,190 | -€1,424 | -2.5% |
| Other amounts receivable | 41 | €10,085 | €4,696 | -€5,389 | -53.4% |
| Current investments | 50/53 | €52,500 | €2,500 | -€50,000 | -95.2% |
| Cash at bank and in hand | 54/58 | €150,968 | €261,179 | +€110,211 | +73.0% |
| Deferred charges and accrued income | 490/1 | €479 | €471 | -€8 | -1.6% |
| Total equity and liabilities | 10/49 | €275,429 | €327,217 | +€51,788 | +18.8% |
| Equity | 10/15 | €256,112 | €14,985 | -€241,127 | -94.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €251,112 | €9,985 | -€241,127 | -96.0% |
| Amounts payable | 17/49 | €19,317 | €312,232 | +€292,915 | +1,516% |
| Amounts payable within one year | 42/48 | €19,317 | €312,232 | +€292,915 | +1,516% |
| Trade debts | 44 | €1,825 | €1,385 | -€440 | -24.1% |
| Suppliers | 440/4 | €1,825 | €1,385 | -€440 | -24.1% |
| Taxes, remuneration and social security | 45 | €11,632 | €50,329 | +€38,697 | +333% |
| Taxes | 450/3 | €11,632 | €50,329 | +€38,697 | +333% |
| Other amounts payable | 47/48 | €5,860 | €260,519 | +€254,659 | +4,346% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,121 | €1,602 | -€520 | -24.5% |
| Other operating charges | 640/8 | €531 | €545 | +€14 | +2.7% |
| Non-recurring operating charges | 66A | €40 | - | -€40 | |
| Gross operating margin | 9900 | €98,749 | €80,075 | -€18,674 | -18.9% |
| Operating profit (loss) | 9901 | €96,058 | €77,929 | -€18,129 | -18.9% |
| Financial income | 75/76B | €82 | €1,911 | +€1,830 | +2,239% |
| Recurring financial income | 75 | €82 | €1,911 | +€1,830 | +2,239% |
| Financial charges | 65/66B | €106 | €90 | -€16 | -15.4% |
| Recurring financial charges | 65 | €106 | €90 | -€16 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €96,033 | €79,751 | -€16,283 | -17.0% |
| Income taxes | 67/77 | €25,046 | €20,878 | -€4,168 | -16.6% |
| Profit (loss) for the period | 9904 | €70,988 | €58,873 | -€12,115 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,988 | €58,873 | -€12,115 | -17.1% |
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 17 October 2026 via checked.be.