Gutman Architects: what changed
Gutman Architects
Largest movements
- Cash +€102,824
up €102,824 (+464%), from €22,152 to €124,975
mainly Receivables within one year (+€79,248) and Net result for the year (+€37,088)
- Receivables within one year -€79,248
down €79,248 (-84.9%), from €93,341 to €14,092
of which Trade receivables: -€80,704
- Reserves +€37,088
up €37,088 (+48.8%), from €76,035 to €113,123
- Accrued charges and deferred income -€30,000
no longer reported in 2025 (was €30,000)
- Trade debts +€13,900
up €13,900 (+6,218%), from €224 to €14,124
- Tax, wage and social debts +€1,486
up €1,486 (+15.1%), from €9,820 to €11,306
- Depreciation -€2,198
down €2,198 (-62.6%), from €3,511 to €1,314
- Taxes -€2,016
down €2,016 (-15.7%), from €12,832 to €10,816
- Gross operating margin +€746
up €746 (+1.5%), from €48,778 to €49,524
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 | €118,078 | €140,552 | +€22,474 | +19.0% |
| Fixed assets | 21/28 | €2,258 | €944 | -€1,314 | -58.2% |
| Tangible fixed assets | 22/27 | €2,258 | €944 | -€1,314 | -58.2% |
| Furniture and vehicles | 24 | €2,258 | €944 | -€1,314 | -58.2% |
| Current assets | 29/58 | €115,821 | €139,608 | +€23,788 | +20.5% |
| Amounts receivable within one year | 40/41 | €93,341 | €14,092 | -€79,248 | -84.9% |
| Trade receivables | 40 | €81,397 | €692 | -€80,704 | -99.1% |
| Other amounts receivable | 41 | €11,944 | €13,400 | +€1,456 | +12.2% |
| Cash at bank and in hand | 54/58 | €22,152 | €124,975 | +€102,824 | +464% |
| Deferred charges and accrued income | 490/1 | €328 | €541 | +€212 | +64.7% |
| Total equity and liabilities | 10/49 | €118,078 | €140,552 | +€22,474 | +19.0% |
| Equity | 10/15 | €78,035 | €115,123 | +€37,088 | +47.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €76,035 | €113,123 | +€37,088 | +48.8% |
| Distributable reserves | 133 | €76,035 | €113,123 | +€37,088 | +48.8% |
| Amounts payable | 17/49 | €40,043 | €25,430 | -€14,614 | -36.5% |
| Amounts payable within one year | 42/48 | €10,043 | €25,430 | +€15,386 | +153% |
| Trade debts | 44 | €224 | €14,124 | +€13,900 | +6,218% |
| Suppliers | 440/4 | €224 | €14,124 | +€13,900 | +6,218% |
| Taxes, remuneration and social security | 45 | €9,820 | €11,306 | +€1,486 | +15.1% |
| Taxes | 450/3 | €9,820 | €11,306 | +€1,486 | +15.1% |
| Accrued charges and deferred income | 492/3 | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,511 | €1,314 | -€2,198 | -62.6% |
| Other operating charges | 640/8 | €673 | €646 | -€27 | -4.0% |
| Gross operating margin | 9900 | €48,778 | €49,524 | +€746 | +1.5% |
| Operating profit (loss) | 9901 | €44,594 | €47,565 | +€2,971 | +6.7% |
| Financial income | 75/76B | €458 | €488 | +€29 | +6.3% |
| Recurring financial income | 75 | €458 | €488 | +€29 | +6.3% |
| Financial charges | 65/66B | €145 | €148 | +€3 | +2.3% |
| Recurring financial charges | 65 | €145 | €148 | +€3 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €44,908 | €47,904 | +€2,997 | +6.7% |
| Income taxes | 67/77 | €12,832 | €10,816 | -€2,016 | -15.7% |
| Profit (loss) for the period | 9904 | €32,075 | €37,088 | +€5,012 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,075 | €37,088 | +€5,012 | +15.6% |
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 3 November 2026 via checked.be.