Michaël Hick Architecte: 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.
Michaël Hick Architecte
Largest movements
- Receivables within one year +€56,512
up €56,512 (+200%), from €28,188 to €84,700
of which Trade receivables: +€56,515
- Current investments -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Tangible fixed assets -€20,543
down €20,543 (-28.9%), from €71,051 to €50,508
of which Furniture and vehicles: -€15,476
- Cash -€8,981
down €8,981 (-2.7%), from €328,944 to €319,963
mainly Contributions, distributions and other (-€460,000) and Receivables within one year (-€56,512)
- Profit (loss) carried forward -€295,784
down €295,784 (-85.7%), from €345,013 to €49,230
- Other debts +€282,176
up €282,176 (+154%), from €183,786 to €465,963
- Tax, wage and social debts -€6,328
down €6,328 (-15.2%), from €41,755 to €35,427
of which Taxes: -€6,328
- Gross operating margin +€129,146
up €129,146 (+125%), from €103,472 to €232,618
- Taxes +€32,120
up €32,120 (+166%), from €19,360 to €51,480
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 | €578,821 | €555,980 | -€22,840 | -3.9% |
| Fixed assets | 21/28 | €71,051 | €50,508 | -€20,543 | -28.9% |
| Tangible fixed assets | 22/27 | €71,051 | €50,508 | -€20,543 | -28.9% |
| Furniture and vehicles | 24 | €48,264 | €32,788 | -€15,476 | -32.1% |
| Other tangible fixed assets | 26 | €22,787 | €17,720 | -€5,067 | -22.2% |
| Current assets | 29/58 | €507,770 | €505,472 | -€2,297 | -0.5% |
| Amounts receivable within one year | 40/41 | €28,188 | €84,700 | +€56,512 | +200% |
| Trade receivables | 40 | €26,585 | €83,100 | +€56,515 | +213% |
| Other amounts receivable | 41 | €1,602 | €1,600 | -€3 | -0.2% |
| Current investments | 50/53 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €328,944 | €319,963 | -€8,981 | -2.7% |
| Deferred charges and accrued income | 490/1 | €638 | €809 | +€171 | +26.9% |
| Total equity and liabilities | 10/49 | €578,821 | €555,980 | -€22,840 | -3.9% |
| Equity | 10/15 | €349,013 | €53,230 | -€295,784 | -84.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €345,013 | €49,230 | -€295,784 | -85.7% |
| Amounts payable | 17/49 | €229,808 | €502,751 | +€272,943 | +119% |
| Amounts payable within one year | 42/48 | €229,808 | €502,751 | +€272,943 | +119% |
| Trade debts | 44 | €4,266 | €1,361 | -€2,905 | -68.1% |
| Suppliers | 440/4 | €4,266 | €1,361 | -€2,905 | -68.1% |
| Taxes, remuneration and social security | 45 | €41,755 | €35,427 | -€6,328 | -15.2% |
| Taxes | 450/3 | €38,755 | €32,427 | -€6,328 | -16.3% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €183,786 | €465,963 | +€282,176 | +154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,636 | €20,543 | -€93 | -0.5% |
| Other operating charges | 640/8 | €896 | €925 | +€30 | +3.3% |
| Gross operating margin | 9900 | €103,472 | €232,618 | +€129,146 | +125% |
| Operating profit (loss) | 9901 | €81,940 | €211,150 | +€129,210 | +158% |
| Financial income | 75/76B | €3,200 | €4,700 | +€1,500 | +46.9% |
| Recurring financial income | 75 | €3,200 | €4,700 | +€1,500 | +46.9% |
| Financial charges | 65/66B | €219 | €153 | -€66 | -30.1% |
| Recurring financial charges | 65 | €219 | €153 | -€66 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €84,921 | €215,697 | +€130,776 | +154% |
| Income taxes | 67/77 | €19,360 | €51,480 | +€32,120 | +166% |
| Profit (loss) for the period | 9904 | €65,561 | €164,216 | +€98,655 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €65,561 | €164,216 | +€98,655 | +150% |
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 16 October 2026 via checked.be.