ULTIMATUM ARCHITECTEN: what changed
What changed
ULTIMATUM ARCHITECTEN
NACE 71.111, Activities of building architects
filed annual accounts (NBB)
Net result for the year
€96,700
2024 · -€34,886+€131,586
Equity
€181,136
2024 · €84,436+€96,700
Cash
€75,616
2024 · €13,596+€62,021
Balance sheet total
€1.0m
2024 · €594,725+€442,935
Largest movements
Assets
- Tangible fixed assets +€330,122
up €330,122 (+62.1%), from €531,416 to €861,538
of which Land and buildings: +€624,945
- Cash +€62,021
up €62,021 (+456%), from €13,596 to €75,616
mainly Debts after one year (+€227,940) and Current portion of long-term debt (+€103,319)
- Receivables within one year +€53,225
up €53,225 (+113%), from €47,281 to €100,506
of which Trade receivables: +€34,391
Equity and liabilities
- Debts after one year +€227,940
up €227,940 (+60.3%), from €378,097 to €606,037
- Current portion of long-term debt +€103,319
up €103,319 (+316%), from €32,745 to €136,064
- Profit (loss) carried forward +€96,700
new in 2025: €96,700
- Trade debts +€19,493
up €19,493 (+30.1%), from €64,847 to €84,340
Income statement
- Gross operating margin +€174,838
up €174,838, from -€5,336 to €169,502
- Financial charges +€17,671
up €17,671 (+145%), from €12,199 to €29,869
- Taxes +€16,464
up €16,464 (+2,270%), from €725 to €17,190
- Depreciation +€12,142
up €12,142 (+144%), from €8,456 to €20,598
- Staff costs -€2,665
down €2,665 (-76.4%), from €3,489 to €824
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€34,886
Gross operating margin
+€174,838
Staff costs
+€2,665
Depreciation
-€12,142
Other operating charges
+€1,165
Financial income
-€806
Financial charges
-€17,671
Taxes
-€16,464
Result 2025
€96,700
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€91,189
Investment
-€350,568
Financing
+€321,400
Cash 2024
€13,596
From operations (derived)
+€91,189
Net result for the year
+€96,700
Depreciation
+€20,598
Receivables within one year
-€53,225
Deferred charges and accrued income
+€2,281
Trade debts
+€19,493
Tax, wage and social debts
+€5,342
Investment (derived)
-€350,568
Investment in fixed assets (net)
-€350,568
Financing
+€321,400
Debts after one year
+€227,940
Current portion of long-term debt
+€103,319
Short-term financial debts
-€9,859
Cash 2025
€75,616
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €594,725 | €1,037,660 | +€442,935 | +74.5% |
| Fixed assets | 21/28 | €531,567 | €861,538 | +€329,971 | +62.1% |
| Intangible fixed assets | 21 | €151 | - | -€151 | |
| Tangible fixed assets | 22/27 | €531,416 | €861,538 | +€330,122 | +62.1% |
| Land and buildings | 22 | €229,373 | €854,318 | +€624,945 | +272% |
| Furniture and vehicles | 24 | €9,752 | €5,989 | -€3,763 | -38.6% |
| Other tangible fixed assets | 26 | €1,500 | €1,230 | -€270 | -18.0% |
| Assets under construction and advance payments | 27 | €290,790 | - | -€290,790 | |
| Current assets | 29/58 | €63,158 | €176,122 | +€112,964 | +179% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €47,281 | €100,506 | +€53,225 | +113% |
| Trade receivables | 40 | €27,105 | €61,496 | +€34,391 | +127% |
| Other amounts receivable | 41 | €20,177 | €39,010 | +€18,833 | +93.3% |
| Cash at bank and in hand | 54/58 | €13,596 | €75,616 | +€62,021 | +456% |
| Deferred charges and accrued income | 490/1 | €2,281 | - | -€2,281 | |
| Total equity and liabilities | 10/49 | €594,725 | €1,037,660 | +€442,935 | +74.5% |
| Equity | 10/15 | €84,436 | €181,136 | +€96,700 | +115% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,836 | €65,836 | = | 0.0% |
| 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 | €63,976 | €63,976 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €96,700 | +€96,700 | |
| Amounts payable | 17/49 | €510,288 | €856,524 | +€346,235 | +67.9% |
| Amounts payable after more than one year | 17 | €378,097 | €606,037 | +€227,940 | +60.3% |
| Financial debts | 170/4 | €378,097 | €606,037 | +€227,940 | +60.3% |
| Amounts payable within one year | 42/48 | €132,192 | €250,487 | +€118,295 | +89.5% |
| Current portion of amounts payable after more than one year | 42 | €32,745 | €136,064 | +€103,319 | +316% |
| Financial debts | 43 | €9,859 | - | -€9,859 | |
| Credit institutions | 430/8 | €9,859 | - | -€9,859 | |
| Trade debts | 44 | €64,847 | €84,340 | +€19,493 | +30.1% |
| Suppliers | 440/4 | €64,847 | €84,340 | +€19,493 | +30.1% |
| Taxes, remuneration and social security | 45 | €24,741 | €30,083 | +€5,342 | +21.6% |
| Taxes | 450/3 | €20,373 | €28,615 | +€8,242 | +40.5% |
| Remuneration and social security | 454/9 | €4,368 | €1,468 | -€2,900 | -66.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €3,489 | €824 | -€2,665 | -76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,456 | €20,598 | +€12,142 | +144% |
| Other operating charges | 640/8 | €5,490 | €4,324 | -€1,165 | -21.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€5,336 | €169,502 | +€174,838 | |
| Operating profit (loss) | 9901 | -€22,770 | €143,756 | +€166,526 | |
| Financial income | 75/76B | €809 | €3 | -€806 | -99.6% |
| Recurring financial income | 75 | €809 | €3 | -€806 | -99.6% |
| Financial charges | 65/66B | €12,199 | €29,869 | +€17,671 | +145% |
| Recurring financial charges | 65 | €12,199 | €29,869 | +€17,671 | +145% |
| Profit (loss) for the period before taxes | 9903 | -€34,160 | €113,890 | +€148,050 | |
| Income taxes | 67/77 | €725 | €17,190 | +€16,464 | +2,270% |
| Profit (loss) for the period | 9904 | -€34,886 | €96,700 | +€131,586 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,886 | €96,700 | +€131,586 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.