M/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.
M/ARCHITECTS
Largest movements
- Receivables within one year -€49,532
down €49,532 (-63.6%), from €77,910 to €28,378
of which Trade receivables: -€57,725
- Cash +€8,998
up €8,998 (+47.7%), from €18,872 to €27,870
mainly Receivables within one year (+€49,532) and Depreciation (+€13,252)
- Deferred charges and accrued income +€5,141
up €5,141 (+2,856%), from €180 to €5,321
- Tangible fixed assets -€5,076
down €5,076 (-5.5%), from €92,443 to €87,367
of which Leasing and similar rights: -€6,019
- Debts after one year -€17,934
down €17,934 (-14.6%), from €123,248 to €105,314
of which Other amounts payable: -€9,755
- Reserves -€14,106
down €14,106 (-53.6%), from €26,328 to €12,222
- Profit (loss) carried forward -€8,061
new in 2025: -€8,061
- Trade debts +€7,556
up €7,556 (+158%), from €4,768 to €12,324
- Other debts -€5,400
no longer reported in 2025 (was €5,400)
- Gross operating margin -€47,647
down €47,647, from €41,587 to -€6,060
- Taxes -€5,804
down €5,804 (-96.9%), from €5,989 to €185
- Staff costs -€3,922
no longer reported in 2025 (was €3,922)
- Depreciation -€2,947
down €2,947 (-18.2%), from €16,199 to €13,252
- Financial charges -€563
down €563 (-17.3%), from €3,255 to €2,692
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 | €189,405 | €148,936 | -€40,469 | -21.4% |
| Fixed assets | 21/28 | €92,443 | €87,367 | -€5,076 | -5.5% |
| Tangible fixed assets | 22/27 | €92,443 | €87,367 | -€5,076 | -5.5% |
| Plant, machinery and equipment | 23 | €7,525 | €10,894 | +€3,369 | +44.8% |
| Furniture and vehicles | 24 | €6,674 | €4,248 | -€2,426 | -36.4% |
| Leasing and similar rights | 25 | €78,244 | €72,225 | -€6,019 | -7.7% |
| Current assets | 29/58 | €96,962 | €61,569 | -€35,393 | -36.5% |
| Amounts receivable within one year | 40/41 | €77,910 | €28,378 | -€49,532 | -63.6% |
| Trade receivables | 40 | €76,909 | €19,184 | -€57,725 | -75.1% |
| Other amounts receivable | 41 | €1,001 | €9,194 | +€8,193 | +818% |
| Cash at bank and in hand | 54/58 | €18,872 | €27,870 | +€8,998 | +47.7% |
| Deferred charges and accrued income | 490/1 | €180 | €5,321 | +€5,141 | +2,856% |
| Total equity and liabilities | 10/49 | €189,405 | €148,936 | -€40,469 | -21.4% |
| Equity | 10/15 | €44,928 | €22,761 | -€22,167 | -49.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,328 | €12,222 | -€14,106 | -53.6% |
| Distributable reserves | 133 | €26,328 | €12,222 | -€14,106 | -53.6% |
| Profit (loss) carried forward | 14 | - | -€8,061 | -€8,061 | |
| Amounts payable | 17/49 | €144,477 | €126,175 | -€18,302 | -12.7% |
| Amounts payable after more than one year | 17 | €123,248 | €105,314 | -€17,934 | -14.6% |
| Financial debts | 170/4 | €113,493 | €105,314 | -€8,179 | -7.2% |
| Other amounts payable | 178/9 | €9,755 | - | -€9,755 | |
| Amounts payable within one year | 42/48 | €21,229 | €20,681 | -€548 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €8,822 | €8,178 | -€644 | -7.3% |
| Trade debts | 44 | €4,768 | €12,324 | +€7,556 | +158% |
| Suppliers | 440/4 | €4,768 | €12,324 | +€7,556 | +158% |
| Taxes, remuneration and social security | 45 | €2,239 | €179 | -€2,060 | -92.0% |
| Taxes | 450/3 | €2,239 | €179 | -€2,060 | -92.0% |
| Other amounts payable | 47/48 | €5,400 | - | -€5,400 | |
| Accrued charges and deferred income | 492/3 | - | €180 | +€180 | |
| Non-recurring operating income | 76A | €16,889 | - | -€16,889 | |
| Remuneration, social security and pensions | 62 | €3,922 | - | -€3,922 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,199 | €13,252 | -€2,947 | -18.2% |
| Gross operating margin | 9900 | €41,587 | -€6,060 | -€47,647 | |
| Operating profit (loss) | 9901 | €21,466 | -€19,312 | -€40,778 | |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €3,255 | €2,692 | -€563 | -17.3% |
| Recurring financial charges | 65 | €3,255 | €2,692 | -€563 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €18,211 | -€21,982 | -€40,193 | |
| Income taxes | 67/77 | €5,989 | €185 | -€5,804 | -96.9% |
| Profit (loss) for the period | 9904 | €12,222 | -€22,167 | -€34,389 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,222 | -€22,167 | -€34,389 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.