HUBERT MUSTY ARCHITECTE: 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.
HUBERT MUSTY ARCHITECTE
Largest movements
- Receivables within one year +€89,920
up €89,920 (+120%), from €74,929 to €164,849
of which Trade receivables: +€81,516
- Stocks and contracts -€27,200
down €27,200 (-54.4%), from €50,000 to €22,800
- Cash -€9,578
down €9,578 (-21.3%), from €45,069 to €35,490
mainly Receivables within one year (-€89,920) and Contributions, distributions and other (-€46,250)
- Tangible fixed assets +€3,178
up €3,178 (+422%), from €753 to €3,931
of which Plant, machinery and equipment: +€2,741
- Other debts +€43,523
new in 2025: €43,523
- Tax, wage and social debts +€10,382
up €10,382 (+43.7%), from €23,736 to €34,118
- Reserves +€7,802
up €7,802 (+6.9%), from €113,464 to €121,266
- Trade debts -€5,726
down €5,726 (-73.8%), from €7,760 to €2,035
- Turnover +€118,900
up €118,900 (+64.1%), from €185,606 to €304,506
- Gross operating margin +€55,457
up €55,457 (+164%), from €33,911 to €89,368
- Taxes +€21,850
up €21,850 (+200%), from €10,904 to €32,753
- Purchases and services -€13,748
down €13,748 (-6.8%), from €201,695 to €187,947
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 | €171,508 | €227,490 | +€55,981 | +32.6% |
| Fixed assets | 21/28 | €753 | €3,931 | +€3,178 | +422% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €753 | €3,931 | +€3,178 | +422% |
| Plant, machinery and equipment | 23 | €201 | €2,943 | +€2,741 | +1,361% |
| Furniture and vehicles | 24 | €552 | €989 | +€437 | +79.2% |
| Current assets | 29/58 | €170,755 | €223,558 | +€52,803 | +30.9% |
| Stocks and contracts in progress | 3 | €50,000 | €22,800 | -€27,200 | -54.4% |
| Stocks | 30/36 | €50,000 | €22,800 | -€27,200 | -54.4% |
| Amounts receivable within one year | 40/41 | €74,929 | €164,849 | +€89,920 | +120% |
| Trade receivables | 40 | €46,000 | €127,516 | +€81,516 | +177% |
| Other amounts receivable | 41 | €28,929 | €37,333 | +€8,404 | +29.1% |
| Cash at bank and in hand | 54/58 | €45,069 | €35,490 | -€9,578 | -21.3% |
| Deferred charges and accrued income | 490/1 | €758 | €419 | -€338 | -44.6% |
| Total equity and liabilities | 10/49 | €171,508 | €227,490 | +€55,981 | +32.6% |
| Equity | 10/15 | €140,013 | €147,814 | +€7,802 | +5.6% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €113,464 | €121,266 | +€7,802 | +6.9% |
| Distributable reserves | 133 | €113,464 | €121,266 | +€7,802 | +6.9% |
| Profit (loss) carried forward | 14 | €6,143 | €6,143 | = | 0.0% |
| Amounts payable | 17/49 | €31,496 | €79,675 | +€48,180 | +153% |
| Amounts payable within one year | 42/48 | €31,496 | €79,675 | +€48,180 | +153% |
| Trade debts | 44 | €7,760 | €2,035 | -€5,726 | -73.8% |
| Suppliers | 440/4 | €7,760 | €2,035 | -€5,726 | -73.8% |
| Taxes, remuneration and social security | 45 | €23,736 | €34,118 | +€10,382 | +43.7% |
| Taxes | 450/3 | €23,736 | €34,118 | +€10,382 | +43.7% |
| Other amounts payable | 47/48 | - | €43,523 | +€43,523 | |
| Turnover | 70 | €185,606 | €304,506 | +€118,900 | +64.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €201,695 | €187,947 | -€13,748 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €679 | €1,132 | +€452 | +66.6% |
| Other operating charges | 640/8 | €947 | €1,014 | +€67 | +7.1% |
| Gross operating margin | 9900 | €33,911 | €89,368 | +€55,457 | +164% |
| Operating profit (loss) | 9901 | €32,285 | €87,223 | +€54,938 | +170% |
| Financial income | 75/76B | €173 | €5 | -€168 | -97.1% |
| Recurring financial income | 75 | €173 | €5 | -€168 | -97.1% |
| Financial charges | 65/66B | €416 | €423 | +€6 | +1.5% |
| Recurring financial charges | 65 | €416 | €423 | +€6 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €32,042 | €86,805 | +€54,764 | +171% |
| Income taxes | 67/77 | €10,904 | €32,753 | +€21,850 | +200% |
| Profit (loss) for the period | 9904 | €21,138 | €54,052 | +€32,914 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €21,138 | €54,052 | +€32,914 | +156% |
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 26 October 2026 via checked.be.