M41 Architecture: 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.
M41 Architecture
Largest movements
- Cash -€4,198
down €4,198 (-7.9%), from €53,084 to €48,886
mainly Debts after one year (-€11,811) and Tax, wage and social debts (-€7,759)
- Tangible fixed assets -€3,891
down €3,891 (-1.4%), from €271,540 to €267,649
of which Land and buildings: -€7,448
- Profit (loss) carried forward +€12,855
up €12,855 (+17.6%), from €73,083 to €85,938
- Debts after one year -€11,811
down €11,811 (-5.9%), from €200,214 to €188,403
- Tax, wage and social debts -€7,759
down €7,759 (-86.1%), from €9,012 to €1,252
- Trade debts -€5,578
down €5,578 (-17.3%), from €32,180 to €26,602
- Gross operating margin -€18,148
down €18,148 (-36.4%), from €49,835 to €31,687
- Taxes -€5,329
down €5,329 (-57.8%), from €9,214 to €3,885
- Depreciation +€1,522
up €1,522 (+16.1%), from €9,428 to €10,950
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 | €336,919 | €325,655 | -€11,264 | -3.3% |
| Fixed assets | 21/28 | €271,540 | €267,649 | -€3,891 | -1.4% |
| Tangible fixed assets | 22/27 | €271,540 | €267,649 | -€3,891 | -1.4% |
| Land and buildings | 22 | €267,466 | €260,018 | -€7,448 | -2.8% |
| Plant, machinery and equipment | 23 | €4,074 | €7,631 | +€3,557 | +87.3% |
| Current assets | 29/58 | €65,379 | €58,006 | -€7,373 | -11.3% |
| Amounts receivable within one year | 40/41 | €10,394 | €7,218 | -€3,175 | -30.6% |
| Trade receivables | 40 | €10,394 | €6,965 | -€3,429 | -33.0% |
| Other amounts receivable | 41 | - | €254 | +€254 | |
| Cash at bank and in hand | 54/58 | €53,084 | €48,886 | -€4,198 | -7.9% |
| Deferred charges and accrued income | 490/1 | €1,901 | €1,902 | +€1 | 0.0% |
| Total equity and liabilities | 10/49 | €336,919 | €325,655 | -€11,264 | -3.3% |
| Equity | 10/15 | €83,902 | €97,586 | +€13,684 | +16.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,083 | €85,938 | +€12,855 | +17.6% |
| Investment grants | 15 | €819 | €1,648 | +€829 | +101% |
| Amounts payable | 17/49 | €253,017 | €228,069 | -€24,948 | -9.9% |
| Amounts payable after more than one year | 17 | €200,214 | €188,403 | -€11,811 | -5.9% |
| Financial debts | 170/4 | €200,214 | €188,403 | -€11,811 | -5.9% |
| Amounts payable within one year | 42/48 | €52,803 | €39,666 | -€13,137 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €11,611 | €11,811 | +€200 | +1.7% |
| Trade debts | 44 | €32,180 | €26,602 | -€5,578 | -17.3% |
| Suppliers | 440/4 | €32,180 | €26,602 | -€5,578 | -17.3% |
| Taxes, remuneration and social security | 45 | €9,012 | €1,252 | -€7,759 | -86.1% |
| Taxes | 450/3 | €9,012 | €1,252 | -€7,759 | -86.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,428 | €10,950 | +€1,522 | +16.1% |
| Other operating charges | 640/8 | €384 | €399 | +€15 | +3.9% |
| Gross operating margin | 9900 | €49,835 | €31,687 | -€18,148 | -36.4% |
| Operating profit (loss) | 9901 | €40,023 | €20,338 | -€19,685 | -49.2% |
| Financial income | 75/76B | €244 | €408 | +€164 | +67.2% |
| Recurring financial income | 75 | €244 | €408 | +€164 | +67.2% |
| Financial charges | 65/66B | €4,161 | €4,006 | -€155 | -3.7% |
| Recurring financial charges | 65 | €4,161 | €4,006 | -€155 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €36,106 | €16,740 | -€19,366 | -53.6% |
| Income taxes | 67/77 | €9,214 | €3,885 | -€5,329 | -57.8% |
| Profit (loss) for the period | 9904 | €26,892 | €12,855 | -€14,037 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,892 | €12,855 | -€14,037 | -52.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.