MUO architecten: 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.
MUO architecten
Largest movements
- Tangible fixed assets +€75,957
up €75,957 (+21.3%), from €356,531 to €432,489
of which Land and buildings: +€72,914
- Cash -€14,705
down €14,705 (-83.1%), from €17,701 to €2,996
mainly Investment in fixed assets (net) (-€103,630) and Other debts (-€9,222)
- Debts after one year +€32,992
up €32,992 (+13.2%), from €249,310 to €282,302
- Current portion of long-term debt +€11,092
up €11,092 (+80.7%), from €13,743 to €24,835
- Other debts -€9,222
no longer reported in 2025 (was €9,222)
- Tax, wage and social debts +€8,718
up €8,718 (+86.2%), from €10,114 to €18,832
- Trade debts +€6,253
up €6,253 (+8.8%), from €70,869 to €77,122
- Gross operating margin -€5,173
down €5,173 (-7.3%), from €70,818 to €65,645
- Taxes -€2,976
down €2,976 (-56.1%), from €5,301 to €2,325
- Financial charges -€1,898
down €1,898 (-17.9%), from €10,580 to €8,682
- Other operating charges +€1,349
up €1,349 (+85.8%), from €1,572 to €2,922
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 | €445,187 | €501,393 | +€56,206 | +12.6% |
| Fixed assets | 21/28 | €385,251 | €458,008 | +€72,757 | +18.9% |
| Intangible fixed assets | 21 | €7,079 | €3,879 | -€3,200 | -45.2% |
| Tangible fixed assets | 22/27 | €356,531 | €432,489 | +€75,957 | +21.3% |
| Land and buildings | 22 | €340,986 | €413,900 | +€72,914 | +21.4% |
| Plant, machinery and equipment | 23 | €7,979 | €14,348 | +€6,369 | +79.8% |
| Furniture and vehicles | 24 | €7,566 | €4,241 | -€3,326 | -44.0% |
| Financial fixed assets | 28 | €21,641 | €21,641 | = | 0.0% |
| Current assets | 29/58 | €59,936 | €43,385 | -€16,551 | -27.6% |
| Stocks and contracts in progress | 3 | €5 | - | -€5 | |
| Stocks | 30/36 | €5 | - | -€5 | |
| Amounts receivable within one year | 40/41 | €42,230 | €40,389 | -€1,841 | -4.4% |
| Trade receivables | 40 | €41,698 | €34,341 | -€7,357 | -17.6% |
| Other amounts receivable | 41 | €532 | €6,048 | +€5,516 | +1,036% |
| Cash at bank and in hand | 54/58 | €17,701 | €2,996 | -€14,705 | -83.1% |
| Total equity and liabilities | 10/49 | €445,187 | €501,393 | +€56,206 | +12.6% |
| Equity | 10/15 | €89,458 | €93,142 | +€3,684 | +4.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €82,458 | €86,142 | +€3,684 | +4.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €80,598 | €84,282 | +€3,684 | +4.6% |
| Amounts payable | 17/49 | €355,730 | €408,252 | +€52,522 | +14.8% |
| Amounts payable after more than one year | 17 | €249,310 | €282,302 | +€32,992 | +13.2% |
| Financial debts | 170/4 | €249,310 | €282,302 | +€32,992 | +13.2% |
| Amounts payable within one year | 42/48 | €106,420 | €125,950 | +€19,530 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €13,743 | €24,835 | +€11,092 | +80.7% |
| Financial debts | 43 | €2,472 | €5,161 | +€2,689 | +109% |
| Credit institutions | 430/8 | €2,472 | €5,161 | +€2,689 | +109% |
| Trade debts | 44 | €70,869 | €77,122 | +€6,253 | +8.8% |
| Suppliers | 440/4 | €70,869 | €77,122 | +€6,253 | +8.8% |
| Taxes, remuneration and social security | 45 | €10,114 | €18,832 | +€8,718 | +86.2% |
| Taxes | 450/3 | €10,114 | €18,832 | +€8,718 | +86.2% |
| Other amounts payable | 47/48 | €9,222 | - | -€9,222 | |
| Non-recurring operating income | 76A | €155 | - | -€155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,403 | €30,873 | +€470 | +1.5% |
| Other operating charges | 640/8 | €1,572 | €2,922 | +€1,349 | +85.8% |
| Non-recurring operating charges | 66A | - | €17,160 | +€17,160 | |
| Gross operating margin | 9900 | €70,818 | €65,645 | -€5,173 | -7.3% |
| Operating profit (loss) | 9901 | €38,843 | €14,690 | -€24,152 | -62.2% |
| Financial charges | 65/66B | €10,580 | €8,682 | -€1,898 | -17.9% |
| Recurring financial charges | 65 | €10,580 | €8,682 | -€1,898 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €28,263 | €6,009 | -€22,254 | -78.7% |
| Income taxes | 67/77 | €5,301 | €2,325 | -€2,976 | -56.1% |
| Profit (loss) for the period | 9904 | €22,962 | €3,684 | -€19,278 | -84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,962 | €3,684 | -€19,278 | -84.0% |
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 18 October 2026 via checked.be.