Raf Segers Architect: 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.
Raf Segers Architect
Largest movements
- Receivables within one year -€8,256
down €8,256 (-31.0%), from €26,628 to €18,372
of which Other amounts receivable: -€8,256
- Cash +€6,944
up €6,944 (+25.9%), from €26,851 to €33,795
mainly Receivables within one year (+€8,256) and Net result for the year (+€7,673)
- Tangible fixed assets +€4,382
up €4,382 (+14.9%), from €29,421 to €33,802
of which Furniture and vehicles: +€5,313
- Reserves +€7,673
up €7,673 (+110%), from €7,004 to €14,677
- Trade debts -€6,049
down €6,049 (-84.0%), from €7,204 to €1,155
- Current portion of long-term debt -€3,000
down €3,000 (-33.3%), from €9,000 to €6,000
- Other debts +€2,856
up €2,856 (+7.5%), from €37,833 to €40,689
- Tax, wage and social debts +€1,122
up €1,122 (+27.7%), from €4,046 to €5,168
of which Taxes: +€1,122
- Gross operating margin -€4,548
down €4,548 (-19.8%), from €23,010 to €18,462
- Taxes +€3,127
up €3,127 (+2,336%), from €134 to €3,261
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 | €83,773 | €86,321 | +€2,549 | +3.0% |
| Fixed assets | 21/28 | €29,421 | €33,802 | +€4,382 | +14.9% |
| Tangible fixed assets | 22/27 | €29,421 | €33,802 | +€4,382 | +14.9% |
| Land and buildings | 22 | €26,635 | €25,704 | -€931 | -3.5% |
| Furniture and vehicles | 24 | €2,785 | €8,098 | +€5,313 | +191% |
| Current assets | 29/58 | €54,352 | €52,519 | -€1,833 | -3.4% |
| Amounts receivable within one year | 40/41 | €26,628 | €18,372 | -€8,256 | -31.0% |
| Trade receivables | 40 | €6,000 | €6,000 | = | 0.0% |
| Other amounts receivable | 41 | €20,628 | €12,372 | -€8,256 | -40.0% |
| Cash at bank and in hand | 54/58 | €26,851 | €33,795 | +€6,944 | +25.9% |
| Deferred charges and accrued income | 490/1 | €874 | €352 | -€522 | -59.7% |
| Total equity and liabilities | 10/49 | €83,773 | €86,321 | +€2,549 | +3.0% |
| Equity | 10/15 | €25,636 | €33,309 | +€7,673 | +29.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,004 | €14,677 | +€7,673 | +110% |
| Distributable reserves | 133 | €7,004 | €14,677 | +€7,673 | +110% |
| Profit (loss) carried forward | 14 | €32 | €32 | = | 0.0% |
| Amounts payable | 17/49 | €58,137 | €53,012 | -€5,125 | -8.8% |
| Amounts payable within one year | 42/48 | €58,083 | €53,012 | -€5,071 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | €6,000 | -€3,000 | -33.3% |
| Trade debts | 44 | €7,204 | €1,155 | -€6,049 | -84.0% |
| Suppliers | 440/4 | €7,204 | €1,155 | -€6,049 | -84.0% |
| Taxes, remuneration and social security | 45 | €4,046 | €5,168 | +€1,122 | +27.7% |
| Taxes | 450/3 | €2,046 | €3,168 | +€1,122 | +54.9% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €37,833 | €40,689 | +€2,856 | +7.5% |
| Accrued charges and deferred income | 492/3 | €54 | €0 | -€54 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,180 | €6,404 | +€224 | +3.6% |
| Other operating charges | 640/8 | €944 | €897 | -€46 | -4.9% |
| Gross operating margin | 9900 | €23,010 | €18,462 | -€4,548 | -19.8% |
| Operating profit (loss) | 9901 | €15,887 | €11,161 | -€4,726 | -29.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €224 | €227 | +€3 | +1.2% |
| Recurring financial charges | 65 | €224 | €227 | +€3 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €15,663 | €10,935 | -€4,728 | -30.2% |
| Income taxes | 67/77 | €134 | €3,261 | +€3,127 | +2,336% |
| Profit (loss) for the period | 9904 | €15,529 | €7,673 | -€7,856 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,529 | €7,673 | -€7,856 | -50.6% |
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 31 October 2026 via checked.be.