HARD 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.
HARD ARCHITECTEN
Largest movements
- Cash +€17,704
up €17,704 (+230%), from €7,709 to €25,412
mainly Other debts (+€35,000) and Net result for the year (+€22,559)
- Receivables within one year +€5,824
up €5,824 (+6.9%), from €84,480 to €90,304
of which Other amounts receivable: +€32,960
- Deferred charges and accrued income +€5,620
up €5,620 (+1,154%), from €487 to €6,107
- Other debts +€35,000
new in 2025: €35,000
- Reserves -€12,441
down €12,441 (-19.3%), from €64,391 to €51,950
- Trade debts +€8,773
up €8,773 (+75.3%), from €11,651 to €20,424
- Short-term financial debts -€7,000
down €7,000 (-46.7%), from €15,000 to €8,000
- Tax, wage and social debts +€5,765
up €5,765 (+171%), from €3,370 to €9,135
- Gross operating margin -€39,060
down €39,060 (-53.9%), from €72,431 to €33,371
- Taxes -€6,922
down €6,922 (-47.2%), from €14,667 to €7,745
- Financial income +€1,536
up €1,536 (+438%), from €351 to €1,886
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 | €101,276 | €129,521 | +€28,246 | +27.9% |
| Fixed assets | 21/28 | €8,601 | €7,698 | -€903 | -10.5% |
| Tangible fixed assets | 22/27 | €8,601 | €7,698 | -€903 | -10.5% |
| Furniture and vehicles | 24 | €8,601 | €7,698 | -€903 | -10.5% |
| Current assets | 29/58 | €92,675 | €121,823 | +€29,148 | +31.5% |
| Amounts receivable within one year | 40/41 | €84,480 | €90,304 | +€5,824 | +6.9% |
| Trade receivables | 40 | €63,074 | €35,938 | -€27,136 | -43.0% |
| Other amounts receivable | 41 | €21,406 | €54,366 | +€32,960 | +154% |
| Cash at bank and in hand | 54/58 | €7,709 | €25,412 | +€17,704 | +230% |
| Deferred charges and accrued income | 490/1 | €487 | €6,107 | +€5,620 | +1,154% |
| Total equity and liabilities | 10/49 | €101,276 | €129,521 | +€28,246 | +27.9% |
| Equity | 10/15 | €64,391 | €51,950 | -€12,441 | -19.3% |
| Reserves | 13 | €64,391 | €51,950 | -€12,441 | -19.3% |
| Distributable reserves | 133 | €64,391 | €51,950 | -€12,441 | -19.3% |
| Amounts payable | 17/49 | €36,885 | €77,572 | +€40,687 | +110% |
| Amounts payable after more than one year | 17 | €2,023 | - | -€2,023 | |
| Financial debts | 170/4 | €2,023 | - | -€2,023 | |
| Amounts payable within one year | 42/48 | €33,908 | €74,582 | +€40,673 | +120% |
| Current portion of amounts payable after more than one year | 42 | €3,887 | €2,023 | -€1,865 | -48.0% |
| Financial debts | 43 | €15,000 | €8,000 | -€7,000 | -46.7% |
| Credit institutions | 430/8 | €15,000 | €8,000 | -€7,000 | -46.7% |
| Trade debts | 44 | €11,651 | €20,424 | +€8,773 | +75.3% |
| Suppliers | 440/4 | €11,651 | €20,424 | +€8,773 | +75.3% |
| Taxes, remuneration and social security | 45 | €3,370 | €9,135 | +€5,765 | +171% |
| Taxes | 450/3 | €3,370 | €9,135 | +€5,765 | +171% |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Accrued charges and deferred income | 492/3 | €954 | €2,990 | +€2,036 | +214% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,511 | €3,227 | +€715 | +28.5% |
| Other operating charges | 640/8 | €617 | €960 | +€343 | +55.5% |
| Gross operating margin | 9900 | €72,431 | €33,371 | -€39,060 | -53.9% |
| Operating profit (loss) | 9901 | €69,303 | €29,185 | -€40,118 | -57.9% |
| Financial income | 75/76B | €351 | €1,886 | +€1,536 | +438% |
| Recurring financial income | 75 | €351 | €1,886 | +€1,536 | +438% |
| Financial charges | 65/66B | €804 | €767 | -€36 | -4.5% |
| Recurring financial charges | 65 | €804 | €767 | -€36 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €68,850 | €30,304 | -€38,546 | -56.0% |
| Income taxes | 67/77 | €14,667 | €7,745 | -€6,922 | -47.2% |
| Profit (loss) for the period | 9904 | €54,182 | €22,559 | -€31,624 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,182 | €22,559 | -€31,624 | -58.4% |
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 18 October 2026 via checked.be.