GWM architecten: 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.
GWM architecten
Largest movements
- Stocks and contracts +€55,000
new in 2025: €55,000
- Cash -€39,667
down €39,667 (-32.8%), from €121,076 to €81,409
mainly Stocks and contracts (-€55,000) and Trade debts (-€9,969)
- Tangible fixed assets -€15,329
down €15,329 (-20.7%), from €74,112 to €58,783
of which Other tangible fixed assets: -€13,136
- Receivables within one year -€4,141
down €4,141 (-10.4%), from €40,002 to €35,861
of which Other amounts receivable: -€29,884
- Tax, wage and social debts +€22,047
up €22,047 (+262%), from €8,404 to €30,451
of which Remuneration and social security: +€12,000
- Trade debts -€9,969
down €9,969 (-52.2%), from €19,080 to €9,111
- Debts after one year -€9,110
down €9,110 (-100%), from €9,110 to €0
- Profit (loss) carried forward -€6,606
down €6,606 (-8.3%), from €79,145 to €72,540
- Current portion of long-term debt -€4,071
down €4,071 (-30.9%), from €13,181 to €9,110
- Gross operating margin -€53,045
down €53,045 (-65.5%), from €81,046 to €28,001
- Taxes -€11,074
down €11,074 (-72.9%), from €15,192 to €4,118
- Other operating charges +€2,770
up €2,770 (+250%), from €1,106 to €3,876
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 | €254,438 | €249,629 | -€4,809 | -1.9% |
| Fixed assets | 21/28 | €74,469 | €59,139 | -€15,329 | -20.6% |
| Tangible fixed assets | 22/27 | €74,112 | €58,783 | -€15,329 | -20.7% |
| Land and buildings | 22 | €24,524 | €19,021 | -€5,502 | -22.4% |
| Plant, machinery and equipment | 23 | €548 | €3,102 | +€2,554 | +466% |
| Furniture and vehicles | 24 | €5,142 | €5,897 | +€755 | +14.7% |
| Other tangible fixed assets | 26 | €43,898 | €30,762 | -€13,136 | -29.9% |
| Financial fixed assets | 28 | €357 | €357 | = | 0.0% |
| Current assets | 29/58 | €179,969 | €190,490 | +€10,521 | +5.8% |
| Stocks and contracts in progress | 3 | - | €55,000 | +€55,000 | |
| Contracts in progress | 37 | - | €55,000 | +€55,000 | |
| Amounts receivable within one year | 40/41 | €40,002 | €35,861 | -€4,141 | -10.4% |
| Trade receivables | 40 | €0 | €25,743 | +€25,743 | |
| Other amounts receivable | 41 | €40,002 | €10,118 | -€29,884 | -74.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €121,076 | €81,409 | -€39,667 | -32.8% |
| Deferred charges and accrued income | 490/1 | €18,891 | €18,220 | -€671 | -3.6% |
| Total equity and liabilities | 10/49 | €254,438 | €249,629 | -€4,809 | -1.9% |
| Equity | 10/15 | €151,606 | €145,000 | -€6,606 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,860 | €53,860 | = | 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 | €52,000 | €52,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,145 | €72,540 | -€6,606 | -8.3% |
| Amounts payable | 17/49 | €102,832 | €104,629 | +€1,797 | +1.7% |
| Amounts payable after more than one year | 17 | €9,110 | €0 | -€9,110 | -100% |
| Financial debts | 170/4 | €9,110 | €0 | -€9,110 | -100% |
| Amounts payable within one year | 42/48 | €93,723 | €104,629 | +€10,907 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €13,181 | €9,110 | -€4,071 | -30.9% |
| Financial debts | 43 | €877 | €877 | -€0 | 0.0% |
| Credit institutions | 430/8 | €877 | €877 | -€0 | 0.0% |
| Trade debts | 44 | €19,080 | €9,111 | -€9,969 | -52.2% |
| Suppliers | 440/4 | €19,080 | €9,111 | -€9,969 | -52.2% |
| Taxes, remuneration and social security | 45 | €8,404 | €30,451 | +€22,047 | +262% |
| Taxes | 450/3 | €2,404 | €12,451 | +€10,047 | +418% |
| Remuneration and social security | 454/9 | €6,000 | €18,000 | +€12,000 | +200% |
| Other amounts payable | 47/48 | €52,181 | €55,081 | +€2,900 | +5.6% |
| Non-recurring operating income | 76A | €11,945 | €0 | -€11,945 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,109 | €23,402 | +€293 | +1.3% |
| Other operating charges | 640/8 | €1,106 | €3,876 | +€2,770 | +250% |
| Gross operating margin | 9900 | €81,046 | €28,001 | -€53,045 | -65.5% |
| Operating profit (loss) | 9901 | €56,830 | €722 | -€56,107 | -98.7% |
| Financial income | 75/76B | €52 | €244 | +€193 | +373% |
| Recurring financial income | 75 | €52 | €244 | +€193 | +373% |
| Financial charges | 65/66B | €4,128 | €3,454 | -€673 | -16.3% |
| Recurring financial charges | 65 | €4,128 | €3,454 | -€673 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €52,754 | -€2,488 | -€55,242 | |
| Income taxes | 67/77 | €15,192 | €4,118 | -€11,074 | -72.9% |
| Profit (loss) for the period | 9904 | €37,562 | -€6,606 | -€44,167 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,562 | -€6,606 | -€44,167 |
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 30 October 2026 via checked.be.