HERFURTH Architects: 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.
HERFURTH Architects
Largest movements
- Cash -€8,471
down €8,471 (-22.6%), from €37,505 to €29,033
mainly Net result for the year (-€7,500) and Tax, wage and social debts (-€3,160)
- Tangible fixed assets -€6,459
down €6,459 (-35.1%), from €18,425 to €11,966
of which Furniture and vehicles: -€4,607
- Receivables within one year +€1,384
up €1,384 (+32.6%), from €4,244 to €5,628
of which Trade receivables: +€3,438
- Profit (loss) carried forward -€7,500
down €7,500, from €4,347 to -€3,153
- Tax, wage and social debts -€3,160
down €3,160 (-50.5%), from €6,254 to €3,093
- Current portion of long-term debt -€2,650
no longer reported in 2025 (was €2,650)
- Gross operating margin +€1,986
up €1,986 (+77.5%), from €2,564 to €4,550
- Other operating charges +€1,002
up €1,002 (+23.4%), from €4,280 to €5,282
- Financial income -€216
down €216 (-97.9%), from €221 to €5
- Financial charges -€213
down €213 (-68.4%), from €312 to €98
- Taxes -€196
down €196 (-47.7%), from €411 to €215
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 | €61,393 | €47,902 | -€13,491 | -22.0% |
| Fixed assets | 21/28 | €18,611 | €12,152 | -€6,459 | -34.7% |
| Tangible fixed assets | 22/27 | €18,425 | €11,966 | -€6,459 | -35.1% |
| Plant, machinery and equipment | 23 | €2,711 | €859 | -€1,852 | -68.3% |
| Furniture and vehicles | 24 | €15,714 | €11,107 | -€4,607 | -29.3% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €42,781 | €35,750 | -€7,032 | -16.4% |
| Amounts receivable within one year | 40/41 | €4,244 | €5,628 | +€1,384 | +32.6% |
| Trade receivables | 40 | - | €3,438 | +€3,438 | |
| Other amounts receivable | 41 | €4,244 | €2,190 | -€2,054 | -48.4% |
| Cash at bank and in hand | 54/58 | €37,505 | €29,033 | -€8,471 | -22.6% |
| Deferred charges and accrued income | 490/1 | €1,032 | €1,088 | +€56 | +5.5% |
| Total equity and liabilities | 10/49 | €61,393 | €47,902 | -€13,491 | -22.0% |
| Equity | 10/15 | €51,903 | €44,404 | -€7,500 | -14.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €41,359 | €41,359 | = | 0.0% |
| Distributable reserves | 133 | €41,359 | €41,359 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,347 | -€3,153 | -€7,500 | |
| Amounts payable | 17/49 | €9,489 | €3,498 | -€5,991 | -63.1% |
| Amounts payable within one year | 42/48 | €9,489 | €3,498 | -€5,991 | -63.1% |
| Current portion of amounts payable after more than one year | 42 | €2,650 | - | -€2,650 | |
| Trade debts | 44 | €585 | €405 | -€181 | -30.9% |
| Suppliers | 440/4 | €585 | €405 | -€181 | -30.9% |
| Taxes, remuneration and social security | 45 | €6,254 | €3,093 | -€3,160 | -50.5% |
| Taxes | 450/3 | €6,254 | €3,093 | -€3,160 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,459 | €6,459 | = | 0.0% |
| Other operating charges | 640/8 | €4,280 | €5,282 | +€1,002 | +23.4% |
| Gross operating margin | 9900 | €2,564 | €4,550 | +€1,986 | +77.5% |
| Operating profit (loss) | 9901 | -€8,175 | -€7,191 | +€984 | +12.0% |
| Financial income | 75/76B | €221 | €5 | -€216 | -97.9% |
| Recurring financial income | 75 | €221 | €5 | -€216 | -97.9% |
| Financial charges | 65/66B | €312 | €98 | -€213 | -68.4% |
| Recurring financial charges | 65 | €312 | €98 | -€213 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,266 | -€7,285 | +€982 | +11.9% |
| Income taxes | 67/77 | €411 | €215 | -€196 | -47.7% |
| Profit (loss) for the period | 9904 | -€8,677 | -€7,500 | +€1,177 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,677 | -€7,500 | +€1,177 | +13.6% |
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 23 October 2026 via checked.be.