LOW ARCHITECTEN: what changed
What changed
LOW ARCHITECTEN
NACE 71.111, Activities of building architects
filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.6m-€502,303
Equity
€5.4m
2024 · €6.3m-€858,424
Cash
€1.5m
2024 · €1.6m-€93,464
Balance sheet total
€12.9m
2024 · €9.4m+€3.4m
Largest movements
Assets
- Tangible fixed assets +€4.7m
up €4.7m (+150%), from €3.1m to €7.8m
of which Land and buildings: +€4.2m
- Current investments -€1.2m
down €1.2m (-100%), from €1.2m to €0
Equity and liabilities
- Debts after one year +€4.0m
up €4.0m (+170%), from €2.3m to €6.3m
- Reserves -€858,424
down €858,424 (-13.7%), from €6.3m to €5.4m
of which Distributable reserves: -€697,610
- Current portion of long-term debt +€254,692
up €254,692 (+99.1%), from €257,102 to €511,794
Income statement
- Gross operating margin -€487,662
down €487,662 (-17.8%), from €2.7m to €2.3m
- Taxes -€148,415
down €148,415 (-20.4%), from €727,878 to €579,463
- Depreciation +€148,226
up €148,226 (+46.9%), from €316,122 to €464,348
- Financial charges +€27,838
up €27,838 (+34.9%), from €79,678 to €107,516
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.
Result 2024
€1.6m
Gross operating margin
-€487,662
Staff costs
-€6,998
Depreciation
-€148,226
Other operating charges
-€6,728
Financial income
+€26,735
Financial charges
-€27,838
Taxes
+€148,415
Result 2025
€1.1m
raises the resultlowers the result
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.
From operations
+€1.5m
Investment
-€3.9m
Financing
+€2.3m
Cash 2024
€1.6m
From operations (derived)
+€1.5m
Net result for the year
+€1.1m
Depreciation
+€464,348
Receivables within one year
-€89,576
Deferred charges and accrued income
+€9,572
Trade debts
+€79,605
Tax, wage and social debts
-€98,615
Other debts
+€57,983
Accrued charges and deferred income
+€21,954
Investment (derived)
-€3.9m
Investment in fixed assets (net)
-€5.2m
Current investments
+€1.2m
Financing
+€2.3m
Debts after one year
+€4.0m
Current portion of long-term debt
+€254,692
Contributions, distributions and other
-€1.9m
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,444,243 | €12,867,458 | +€3.4m | +36.2% |
| Fixed assets | 21/28 | €3,188,672 | €7,874,599 | +€4.7m | +147% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,125,410 | €7,814,917 | +€4.7m | +150% |
| Land and buildings | 22 | €3,027,909 | €7,276,240 | +€4.2m | +140% |
| Plant, machinery and equipment | 23 | - | €17,025 | +€17,025 | |
| Furniture and vehicles | 24 | €97,502 | €521,651 | +€424,149 | +435% |
| Financial fixed assets | 28 | €63,262 | €59,682 | -€3,580 | -5.7% |
| Current assets | 29/58 | €6,255,571 | €4,992,859 | -€1.3m | -20.2% |
| Stocks and contracts in progress | 3 | €400,000 | €400,000 | = | 0.0% |
| Contracts in progress | 37 | €400,000 | €400,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,944,196 | €3,033,772 | +€89,576 | +3.0% |
| Trade receivables | 40 | €781,696 | €893,772 | +€112,076 | +14.3% |
| Other amounts receivable | 41 | €2,162,500 | €2,140,000 | -€22,500 | -1.0% |
| Current investments | 50/53 | €1,249,251 | €0 | -€1.2m | -100% |
| Cash at bank and in hand | 54/58 | €1,602,976 | €1,509,512 | -€93,464 | -5.8% |
| Deferred charges and accrued income | 490/1 | €59,148 | €49,575 | -€9,572 | -16.2% |
| Total equity and liabilities | 10/49 | €9,444,243 | €12,867,458 | +€3.4m | +36.2% |
| Equity | 10/15 | €6,298,606 | €5,440,182 | -€858,424 | -13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,280,006 | €5,421,582 | -€858,424 | -13.7% |
| Non-distributable reserves | 130/1 | €31,936 | €0 | -€31,936 | -100% |
| Reserves not available under the articles | 1311 | €31,936 | €0 | -€31,936 | -100% |
| Tax-exempt reserves | 132 | €947,250 | €818,372 | -€128,878 | -13.6% |
| Distributable reserves | 133 | €5,300,819 | €4,603,209 | -€697,610 | -13.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,145,638 | €7,427,276 | +€4.3m | +136% |
| Amounts payable after more than one year | 17 | €2,337,925 | €6,303,946 | +€4.0m | +170% |
| Financial debts | 170/4 | €2,337,925 | €6,303,946 | +€4.0m | +170% |
| Amounts payable within one year | 42/48 | €710,313 | €1,003,977 | +€293,664 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €257,102 | €511,794 | +€254,692 | +99.1% |
| Trade debts | 44 | €183,052 | €262,657 | +€79,605 | +43.5% |
| Suppliers | 440/4 | €183,052 | €262,657 | +€79,605 | +43.5% |
| Taxes, remuneration and social security | 45 | €152,780 | €54,165 | -€98,615 | -64.5% |
| Taxes | 450/3 | €141,642 | €41,304 | -€100,338 | -70.8% |
| Remuneration and social security | 454/9 | €11,138 | €12,861 | +€1,723 | +15.5% |
| Other amounts payable | 47/48 | €117,379 | €175,362 | +€57,983 | +49.4% |
| Accrued charges and deferred income | 492/3 | €97,400 | €119,354 | +€21,954 | +22.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €100,740 | €107,738 | +€6,998 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316,122 | €464,348 | +€148,226 | +46.9% |
| Other operating charges | 640/8 | €37,481 | €44,209 | +€6,728 | +18.0% |
| Gross operating margin | 9900 | €2,739,548 | €2,251,886 | -€487,662 | -17.8% |
| Operating profit (loss) | 9901 | €2,285,206 | €1,635,591 | -€649,615 | -28.4% |
| Financial income | 75/76B | €92,324 | €119,059 | +€26,735 | +29.0% |
| Recurring financial income | 75 | €92,324 | €119,059 | +€26,735 | +29.0% |
| Financial charges | 65/66B | €79,678 | €107,516 | +€27,838 | +34.9% |
| Recurring financial charges | 65 | €79,678 | €107,516 | +€27,838 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €2,297,852 | €1,647,134 | -€650,718 | -28.3% |
| Income taxes | 67/77 | €727,878 | €579,463 | -€148,415 | -20.4% |
| Profit (loss) for the period | 9904 | €1,569,974 | €1,067,671 | -€502,303 | -32.0% |
| Transfer from tax-exempt reserves | 789 | €210,500 | €339,378 | +€128,878 | +61.2% |
| Transfer to tax-exempt reserves | 689 | €315,750 | €210,500 | -€105,250 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,464,724 | €1,196,549 | -€268,175 | -18.3% |
Next steps
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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 5 November 2026 via checked.be.