MD 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.
MD Architectes
Largest movements
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Receivables within one year -€19,723
down €19,723 (-53.0%), from €37,220 to €17,497
of which Other amounts receivable: -€11,473
- Cash -€16,093
down €16,093 (-20.5%), from €78,427 to €62,334
mainly Contributions, distributions and other (-€218,300) and Trade debts (-€9,578)
- Tangible fixed assets -€9,656
down €9,656 (-34.1%), from €28,321 to €18,665
of which Furniture and vehicles: -€6,351
- Profit (loss) carried forward -€211,609
down €211,609 (-99.5%), from €212,627 to €1,018
- Other debts +€53,682
up €53,682 (+2,147%), from €2,500 to €56,182
- Contributions +€12,200
up €12,200 (+191%), from €6,400 to €18,600
- Trade debts -€9,578
down €9,578 (-88.7%), from €10,794 to €1,216
- Tax, wage and social debts -€9,107
down €9,107 (-69.9%), from €13,037 to €3,930
- Gross operating margin -€2,014
down €2,014 (-4.2%), from €47,667 to €45,653
- Taxes -€1,167
down €1,167 (-11.7%), from €9,939 to €8,772
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 | €271,913 | €100,706 | -€171,207 | -63.0% |
| Fixed assets | 21/28 | €28,321 | €18,665 | -€9,656 | -34.1% |
| Tangible fixed assets | 22/27 | €28,321 | €18,665 | -€9,656 | -34.1% |
| Plant, machinery and equipment | 23 | €11,143 | €7,838 | -€3,305 | -29.7% |
| Furniture and vehicles | 24 | €17,178 | €10,827 | -€6,351 | -37.0% |
| Current assets | 29/58 | €243,592 | €82,041 | -€161,551 | -66.3% |
| Amounts receivable within one year | 40/41 | €37,220 | €17,497 | -€19,723 | -53.0% |
| Trade receivables | 40 | €8,250 | - | -€8,250 | |
| Other amounts receivable | 41 | €28,970 | €17,497 | -€11,473 | -39.6% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €78,427 | €62,334 | -€16,093 | -20.5% |
| Deferred charges and accrued income | 490/1 | €2,945 | €2,210 | -€735 | -25.0% |
| Total equity and liabilities | 10/49 | €271,913 | €100,706 | -€171,207 | -63.0% |
| Equity | 10/15 | €238,787 | €39,378 | -€199,409 | -83.5% |
| Contributions | 10/11 | €6,400 | €18,600 | +€12,200 | +191% |
| Reserves | 13 | €19,760 | €19,760 | = | 0.0% |
| Distributable reserves | 133 | €19,760 | €19,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,627 | €1,018 | -€211,609 | -99.5% |
| Amounts payable | 17/49 | €33,126 | €61,328 | +€28,202 | +85.1% |
| Amounts payable within one year | 42/48 | €32,676 | €61,328 | +€28,652 | +87.7% |
| Current portion of amounts payable after more than one year | 42 | €6,345 | - | -€6,345 | |
| Trade debts | 44 | €10,794 | €1,216 | -€9,578 | -88.7% |
| Suppliers | 440/4 | €10,794 | €1,216 | -€9,578 | -88.7% |
| Taxes, remuneration and social security | 45 | €13,037 | €3,930 | -€9,107 | -69.9% |
| Taxes | 450/3 | €13,037 | €3,930 | -€9,107 | -69.9% |
| Other amounts payable | 47/48 | €2,500 | €56,182 | +€53,682 | +2,147% |
| Accrued charges and deferred income | 492/3 | €450 | - | -€450 | |
| Non-recurring operating income | 76A | €1,358 | - | -€1,358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,503 | €16,615 | +€112 | +0.7% |
| Other operating charges | 640/8 | - | €474 | +€474 | |
| Non-recurring operating charges | 66A | €526 | - | -€526 | |
| Gross operating margin | 9900 | €47,667 | €45,653 | -€2,014 | -4.2% |
| Operating profit (loss) | 9901 | €30,638 | €28,564 | -€2,074 | -6.8% |
| Financial income | 75/76B | €1,911 | €1,664 | -€247 | -12.9% |
| Recurring financial income | 75 | €1,911 | €1,664 | -€247 | -12.9% |
| Financial charges | 65/66B | €2,166 | €2,565 | +€399 | +18.4% |
| Recurring financial charges | 65 | €2,166 | €2,565 | +€399 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €30,383 | €27,663 | -€2,720 | -9.0% |
| Income taxes | 67/77 | €9,939 | €8,772 | -€1,167 | -11.7% |
| Profit (loss) for the period | 9904 | €20,444 | €18,891 | -€1,553 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,444 | €18,891 | -€1,553 | -7.6% |
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 17 October 2026 via checked.be.