HARPAU ARCHITECTS: what changed
HARPAU ARCHITECTS
Largest movements
- Tangible fixed assets +€21,062
up €21,062 (+8.8%), from €238,859 to €259,921
of which Land and buildings: +€19,435
- Receivables within one year +€14,952
up €14,952 (+6,137%), from €244 to €15,196
of which Trade receivables: +€14,992
- Cash +€8,524
up €8,524 (+209%), from €4,072 to €12,596
mainly Net result for the year (+€43,054) and Tax, wage and social debts (+€25,704)
- Tax, wage and social debts +€25,704
up €25,704 (+640%), from €4,019 to €29,723
- Reserves +€24,822
up €24,822 (+1,335%), from €1,860 to €26,682
of which Distributable reserves: +€26,682
- Profit (loss) carried forward +€18,232
no longer reported in 2025 (was -€18,232)
- Debts after one year -€18,119
down €18,119 (-12.8%), from €141,615 to €123,497
- Current portion of long-term debt -€15,346
down €15,346 (-43.3%), from €35,432 to €20,085
- Taxes +€20,607
new in 2025: €20,607
- Financial income +€14,146
up €14,146 (+471,548%), from €3 to €14,149
of which Non-recurring financial income: +€14,149
- Gross operating margin +€10,282
up €10,282 (+15.2%), from €67,542 to €77,824
- Other operating charges +€6,469
up €6,469 (+180%), from €3,587 to €10,055
- Depreciation +€1,113
up €1,113 (+11.0%), from €10,120 to €11,233
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 | €243,642 | €287,713 | +€44,071 | +18.1% |
| Fixed assets | 21/28 | €238,859 | €259,921 | +€21,062 | +8.8% |
| Tangible fixed assets | 22/27 | €238,859 | €259,921 | +€21,062 | +8.8% |
| Land and buildings | 22 | €236,198 | €255,633 | +€19,435 | +8.2% |
| Plant, machinery and equipment | 23 | €1,109 | €514 | -€594 | -53.6% |
| Furniture and vehicles | 24 | €1,552 | €3,774 | +€2,222 | +143% |
| Current assets | 29/58 | €4,783 | €27,792 | +€23,009 | +481% |
| Amounts receivable within one year | 40/41 | €244 | €15,196 | +€14,952 | +6,137% |
| Trade receivables | 40 | €204 | €15,196 | +€14,992 | +7,349% |
| Other amounts receivable | 41 | €40 | - | -€40 | |
| Cash at bank and in hand | 54/58 | €4,072 | €12,596 | +€8,524 | +209% |
| Deferred charges and accrued income | 490/1 | €467 | - | -€467 | |
| Total equity and liabilities | 10/49 | €243,642 | €287,713 | +€44,071 | +18.1% |
| Equity | 10/15 | -€10,172 | €32,882 | +€43,054 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €26,682 | +€24,822 | +1,335% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €26,682 | +€26,682 | |
| Profit (loss) carried forward | 14 | -€18,232 | - | +€18,232 | |
| Amounts payable | 17/49 | €253,814 | €254,831 | +€1,017 | +0.4% |
| Amounts payable after more than one year | 17 | €141,615 | €123,497 | -€18,119 | -12.8% |
| Financial debts | 170/4 | €141,615 | €123,497 | -€18,119 | -12.8% |
| Amounts payable within one year | 42/48 | €112,198 | €131,334 | +€19,136 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €35,432 | €20,085 | -€15,346 | -43.3% |
| Trade debts | 44 | €496 | €8,214 | +€7,718 | +1,555% |
| Suppliers | 440/4 | €496 | €8,214 | +€7,718 | +1,555% |
| Taxes, remuneration and social security | 45 | €4,019 | €29,723 | +€25,704 | +640% |
| Taxes | 450/3 | €4,019 | €29,723 | +€25,704 | +640% |
| Other amounts payable | 47/48 | €72,252 | €73,311 | +€1,060 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,120 | €11,233 | +€1,113 | +11.0% |
| Other operating charges | 640/8 | €3,587 | €10,055 | +€6,469 | +180% |
| Non-recurring operating charges | 66A | - | €204 | +€204 | |
| Gross operating margin | 9900 | €67,542 | €77,824 | +€10,282 | +15.2% |
| Operating profit (loss) | 9901 | €53,836 | €56,332 | +€2,496 | +4.6% |
| Financial income | 75/76B | €3 | €14,149 | +€14,146 | +471,548% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -97.7% |
| Non-recurring financial income | 76B | - | €14,149 | +€14,149 | |
| Financial charges | 65/66B | €7,495 | €6,820 | -€675 | -9.0% |
| Recurring financial charges | 65 | €7,495 | €6,820 | -€675 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €46,344 | €63,661 | +€17,317 | +37.4% |
| Income taxes | 67/77 | - | €20,607 | +€20,607 | |
| Profit (loss) for the period | 9904 | €46,344 | €43,054 | -€3,290 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,344 | €43,054 | -€3,290 | -7.1% |
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 7 November 2026 via checked.be.