HUGO DEZUTTER, ARCHITECT: 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.
HUGO DEZUTTER, ARCHITECT
Largest movements
- Cash +€44,872
up €44,872 (+44.1%), from €101,800 to €146,672
mainly Net result for the year (+€102,375) and Depreciation (+€28,484)
- Receivables within one year +€24,674
up €24,674 (+45.2%), from €54,544 to €79,218
of which Trade receivables: +€15,535
- Current investments -€10,366
down €10,366 (-100%), from €10,366 to €0
- Deferred charges and accrued income +€4,262
up €4,262 (+241%), from €1,770 to €6,032
- Reserves +€87,531
up €87,531 (+45.5%), from €192,565 to €280,095
of which Distributable reserves: +€87,531
- Trade debts -€44,254
down €44,254 (-95.5%), from €46,348 to €2,095
- Tax, wage and social debts +€23,248
up €23,248 (+93.6%), from €24,832 to €48,080
of which Taxes: +€23,248
- Other debts -€21,799
down €21,799 (-59.5%), from €36,643 to €14,844
- Debts after one year +€16,245
up €16,245, from €0 to €16,245
- Financial income +€32,305
up €32,305 (+1,750%), from €1,846 to €34,152
of which Financial income: +€29,524
- Gross operating margin +€29,867
up €29,867 (+26.5%), from €112,919 to €142,786
- Taxes +€13,779
up €13,779 (+45.3%), from €30,416 to €44,195
- Depreciation +€1,739
up €1,739 (+6.5%), from €26,745 to €28,484
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 | €314,572 | €378,591 | +€64,019 | +20.4% |
| Fixed assets | 21/28 | €146,092 | €146,669 | +€578 | +0.4% |
| Tangible fixed assets | 22/27 | €146,092 | €146,669 | +€578 | +0.4% |
| Land and buildings | 22 | €91,110 | €94,952 | +€3,842 | +4.2% |
| Plant, machinery and equipment | 23 | €3,585 | €8,011 | +€4,426 | +123% |
| Furniture and vehicles | 24 | €51,396 | €43,706 | -€7,691 | -15.0% |
| Current assets | 29/58 | €168,480 | €231,922 | +€63,442 | +37.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €54,544 | €79,218 | +€24,674 | +45.2% |
| Trade receivables | 40 | €54,544 | €70,078 | +€15,535 | +28.5% |
| Other amounts receivable | 41 | €0 | €9,139 | +€9,139 | |
| Current investments | 50/53 | €10,366 | €0 | -€10,366 | -100% |
| Cash at bank and in hand | 54/58 | €101,800 | €146,672 | +€44,872 | +44.1% |
| Deferred charges and accrued income | 490/1 | €1,770 | €6,032 | +€4,262 | +241% |
| Total equity and liabilities | 10/49 | €314,572 | €378,591 | +€64,019 | +20.4% |
| Equity | 10/15 | €204,965 | €292,495 | +€87,531 | +42.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €192,565 | €280,095 | +€87,531 | +45.5% |
| Tax-exempt reserves | 132 | €20,061 | €20,061 | = | 0.0% |
| Distributable reserves | 133 | €172,504 | €260,034 | +€87,531 | +50.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €109,607 | €86,096 | -€23,511 | -21.5% |
| Amounts payable after more than one year | 17 | €0 | €16,245 | +€16,245 | |
| Financial debts | 170/4 | €0 | €16,245 | +€16,245 | |
| Amounts payable within one year | 42/48 | €109,607 | €69,850 | -€39,757 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €1,784 | €4,832 | +€3,048 | +171% |
| Trade debts | 44 | €46,348 | €2,095 | -€44,254 | -95.5% |
| Suppliers | 440/4 | €46,348 | €2,095 | -€44,254 | -95.5% |
| Taxes, remuneration and social security | 45 | €24,832 | €48,080 | +€23,248 | +93.6% |
| Taxes | 450/3 | €24,832 | €48,080 | +€23,248 | +93.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €36,643 | €14,844 | -€21,799 | -59.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,745 | €28,484 | +€1,739 | +6.5% |
| Other operating charges | 640/8 | €1,145 | €1,100 | -€44 | -3.9% |
| Gross operating margin | 9900 | €112,919 | €142,786 | +€29,867 | +26.5% |
| Operating profit (loss) | 9901 | €85,029 | €113,202 | +€28,172 | +33.1% |
| Financial income | 75/76B | €1,846 | €34,152 | +€32,305 | +1,750% |
| Recurring financial income | 75 | €28 | €29,553 | +€29,524 | +103,740% |
| Non-recurring financial income | 76B | €1,818 | €4,599 | +€2,781 | +153% |
| Financial charges | 65/66B | €286 | €784 | +€498 | +174% |
| Recurring financial charges | 65 | €286 | €784 | +€498 | +174% |
| Profit (loss) for the period before taxes | 9903 | €86,590 | €146,569 | +€59,979 | +69.3% |
| Income taxes | 67/77 | €30,416 | €44,195 | +€13,779 | +45.3% |
| Profit (loss) for the period | 9904 | €56,174 | €102,375 | +€46,201 | +82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,174 | €102,375 | +€46,201 | +82.2% |
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 21 October 2026 via checked.be.