MA+ ARCHITECTES: 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.
MA+ ARCHITECTES
Largest movements
- Tangible fixed assets -€11,522
down €11,522 (-28.8%), from €39,996 to €28,474
of which Furniture and vehicles: -€11,034
- Cash +€4,696
up €4,696 (+10.6%), from €44,113 to €48,809
mainly Net result for the year (+€47,867) and Depreciation (+€12,207)
- Receivables within one year +€4,432
up €4,432 (+23.7%), from €18,697 to €23,129
of which Trade receivables: +€3,551
- Deferred charges and accrued income -€1,853
down €1,853 (-34.9%), from €5,302 to €3,449
- Debts after one year -€7,475
down €7,475 (-28.5%), from €26,248 to €18,773
- Reserves +€6,867
up €6,867 (+46.3%), from €14,837 to €21,704
- Other debts -€3,825
down €3,825 (-7.5%), from €50,901 to €47,076
- Trade debts -€2,113
down €2,113 (-53.8%), from €3,924 to €1,811
- Tax, wage and social debts +€1,991
up €1,991 (+39.1%), from €5,089 to €7,080
of which Taxes: +€1,991
- Gross operating margin -€1,369
down €1,369 (-1.8%), from €77,190 to €75,820
- Depreciation +€912
up €912 (+8.1%), from €11,294 to €12,207
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 | €108,167 | €103,920 | -€4,247 | -3.9% |
| Fixed assets | 21/28 | €40,055 | €28,533 | -€11,522 | -28.8% |
| Tangible fixed assets | 22/27 | €39,996 | €28,474 | -€11,522 | -28.8% |
| Plant, machinery and equipment | 23 | €2,090 | €1,602 | -€488 | -23.4% |
| Furniture and vehicles | 24 | €37,906 | €26,872 | -€11,034 | -29.1% |
| Financial fixed assets | 28 | €59 | €59 | = | 0.0% |
| Current assets | 29/58 | €68,112 | €75,387 | +€7,276 | +10.7% |
| Amounts receivable within one year | 40/41 | €18,697 | €23,129 | +€4,432 | +23.7% |
| Trade receivables | 40 | €17,160 | €20,711 | +€3,551 | +20.7% |
| Other amounts receivable | 41 | €1,537 | €2,418 | +€881 | +57.3% |
| Cash at bank and in hand | 54/58 | €44,113 | €48,809 | +€4,696 | +10.6% |
| Deferred charges and accrued income | 490/1 | €5,302 | €3,449 | -€1,853 | -34.9% |
| Total equity and liabilities | 10/49 | €108,167 | €103,920 | -€4,247 | -3.9% |
| Equity | 10/15 | €14,838 | €21,705 | +€6,867 | +46.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €14,837 | €21,704 | +€6,867 | +46.3% |
| Distributable reserves | 133 | €14,837 | €21,704 | +€6,867 | +46.3% |
| Amounts payable | 17/49 | €93,329 | €82,215 | -€11,114 | -11.9% |
| Amounts payable after more than one year | 17 | €26,248 | €18,773 | -€7,475 | -28.5% |
| Financial debts | 170/4 | €26,248 | €18,773 | -€7,475 | -28.5% |
| Amounts payable within one year | 42/48 | €67,068 | €63,442 | -€3,626 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €7,154 | €7,475 | +€321 | +4.5% |
| Trade debts | 44 | €3,924 | €1,811 | -€2,113 | -53.8% |
| Suppliers | 440/4 | €3,924 | €1,811 | -€2,113 | -53.8% |
| Taxes, remuneration and social security | 45 | €5,089 | €7,080 | +€1,991 | +39.1% |
| Taxes | 450/3 | €1,789 | €3,780 | +€1,991 | +111% |
| Remuneration and social security | 454/9 | €3,300 | €3,300 | = | 0.0% |
| Other amounts payable | 47/48 | €50,901 | €47,076 | -€3,825 | -7.5% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,294 | €12,207 | +€912 | +8.1% |
| Other operating charges | 640/8 | €470 | €664 | +€194 | +41.3% |
| Gross operating margin | 9900 | €77,190 | €75,820 | -€1,369 | -1.8% |
| Operating profit (loss) | 9901 | €65,426 | €62,950 | -€2,476 | -3.8% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,641 | €1,511 | -€130 | -7.9% |
| Recurring financial charges | 65 | €1,641 | €1,511 | -€130 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €63,785 | €61,449 | -€2,336 | -3.7% |
| Income taxes | 67/77 | €13,463 | €13,582 | +€119 | +0.9% |
| Profit (loss) for the period | 9904 | €50,322 | €47,867 | -€2,455 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,322 | €47,867 | -€2,455 | -4.9% |
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 14 October 2026 via checked.be.