WITH20 architecten: what changed
What changed
WITH20 architecten
NACE 71.111, Activities of building architects
filed annual accounts (NBB)
Net result for the year
€5,671
2024 · €55,914-€50,243
Equity
€575,604
2024 · €576,903-€1,299
Cash
€569,831
2024 · €297,032+€272,798
Balance sheet total
€2.6m
2024 · €2.9m-€299,443
Largest movements
Assets
- Receivables within one year -€346,353
down €346,353 (-24.3%), from €1.4m to €1.1m
of which Trade receivables: -€336,879
- Cash +€272,798
up €272,798 (+91.8%), from €297,032 to €569,831
mainly Receivables within one year (+€346,353) and Depreciation (+€152,712)
- Tangible fixed assets -€132,500
down €132,500 (-13.8%), from €958,900 to €826,400
of which Other tangible fixed assets: -€77,874
- Deferred charges and accrued income -€51,422
down €51,422 (-40.1%), from €128,381 to €76,959
- Current investments -€38,544
down €38,544 (-100%), from €38,544 to €0
Equity and liabilities
- Trade debts -€113,862
down €113,862 (-19.0%), from €599,683 to €485,822
- Short-term financial debts -€100,000
down €100,000 (-40.0%), from €250,000 to €150,000
- Debts after one year -€95,800
down €95,800 (-26.6%), from €360,208 to €264,407
Income statement
- Gross operating margin -€162,528
down €162,528 (-15.1%), from €1.1m to €915,292
- Staff costs -€53,451
down €53,451 (-7.5%), from €710,797 to €657,346
- Other operating charges -€24,550
down €24,550 (-59.4%), from €41,355 to €16,806
- Taxes -€17,123
down €17,123 (-74.4%), from €23,007 to €5,884
- Financial charges -€12,886
down €12,886 (-14.5%), from €88,731 to €75,845
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
€55,914
Gross operating margin
-€162,528
Staff costs
+€53,451
Depreciation
+€5,879
Other operating charges
+€24,550
Other operating items
-€1,307
Financial income
-€297
Financial charges
+€12,886
Taxes
+€17,123
Result 2025
€5,671
raises the resultlowers the resultnot broken down further in the accounts
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
+€450,897
Investment
+€21,754
Financing
-€199,852
Cash 2024
€297,032
From operations (derived)
+€450,897
Net result for the year
+€5,671
Depreciation
+€152,712
Receivables within one year
+€346,353
Deferred charges and accrued income
+€51,422
Trade debts
-€113,862
Tax, wage and social debts
+€3,116
Other debts
+€5,484
Investment (derived)
+€21,754
Investment in fixed assets (net)
-€16,790
Current investments
+€38,544
Financing
-€199,852
Debts after one year
-€95,800
Current portion of long-term debt
+€2,918
Short-term financial debts
-€100,000
Contributions, distributions and other
-€6,970
Cash 2025
€569,831
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,896,934 | €2,597,492 | -€299,443 | -10.3% |
| Fixed assets | 21/28 | €1,010,480 | €874,558 | -€135,922 | -13.5% |
| Intangible fixed assets | 21 | €15,519 | €12,097 | -€3,422 | -22.1% |
| Tangible fixed assets | 22/27 | €958,900 | €826,400 | -€132,500 | -13.8% |
| Plant, machinery and equipment | 23 | €101,346 | €70,452 | -€30,895 | -30.5% |
| Furniture and vehicles | 24 | €105,013 | €81,281 | -€23,731 | -22.6% |
| Other tangible fixed assets | 26 | €752,541 | €674,667 | -€77,874 | -10.3% |
| Financial fixed assets | 28 | €36,062 | €36,062 | = | 0.0% |
| Current assets | 29/58 | €1,886,454 | €1,722,933 | -€163,521 | -8.7% |
| Amounts receivable within one year | 40/41 | €1,422,497 | €1,076,144 | -€346,353 | -24.3% |
| Trade receivables | 40 | €1,373,218 | €1,036,339 | -€336,879 | -24.5% |
| Other amounts receivable | 41 | €49,279 | €39,805 | -€9,474 | -19.2% |
| Current investments | 50/53 | €38,544 | €0 | -€38,544 | -100% |
| Cash at bank and in hand | 54/58 | €297,032 | €569,831 | +€272,798 | +91.8% |
| Deferred charges and accrued income | 490/1 | €128,381 | €76,959 | -€51,422 | -40.1% |
| Total equity and liabilities | 10/49 | €2,896,934 | €2,597,492 | -€299,443 | -10.3% |
| Equity | 10/15 | €576,903 | €575,604 | -€1,299 | -0.2% |
| Contributions | 10/11 | €136,750 | €136,750 | = | 0.0% |
| Capital | 10 | €136,750 | €136,750 | = | 0.0% |
| Issued capital | 100 | €136,750 | €136,750 | = | 0.0% |
| Reserves | 13 | €32,425 | €32,425 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,675 | €13,675 | = | 0.0% |
| Legal reserve | 130 | €13,675 | €13,675 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €407,728 | €406,429 | -€1,299 | -0.3% |
| Amounts payable | 17/49 | €2,320,031 | €2,021,888 | -€298,144 | -12.9% |
| Amounts payable after more than one year | 17 | €360,208 | €264,407 | -€95,800 | -26.6% |
| Financial debts | 170/4 | €360,208 | €264,407 | -€95,800 | -26.6% |
| Amounts payable within one year | 42/48 | €1,959,823 | €1,757,480 | -€202,343 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €92,882 | €95,800 | +€2,918 | +3.1% |
| Financial debts | 43 | €250,000 | €150,000 | -€100,000 | -40.0% |
| Other loans | 439 | €250,000 | €150,000 | -€100,000 | -40.0% |
| Trade debts | 44 | €599,683 | €485,822 | -€113,862 | -19.0% |
| Suppliers | 440/4 | €599,683 | €485,822 | -€113,862 | -19.0% |
| Taxes, remuneration and social security | 45 | €190,783 | €193,899 | +€3,116 | +1.6% |
| Taxes | 450/3 | €100,097 | €118,025 | +€17,928 | +17.9% |
| Remuneration and social security | 454/9 | €90,686 | €75,875 | -€14,811 | -16.3% |
| Other amounts payable | 47/48 | €826,475 | €831,959 | +€5,484 | +0.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €13,050 | +€13,050 | |
| Remuneration, social security and pensions | 62 | €710,797 | €657,346 | -€53,451 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,591 | €152,712 | -€5,879 | -3.7% |
| Other operating charges | 640/8 | €41,355 | €16,806 | -€24,550 | -59.4% |
| Non-recurring operating charges | 66A | €0 | €1,307 | +€1,307 | |
| Gross operating margin | 9900 | €1,077,820 | €915,292 | -€162,528 | -15.1% |
| Operating profit (loss) | 9901 | €167,077 | €87,122 | -€79,955 | -47.9% |
| Financial income | 75/76B | €575 | €277 | -€297 | -51.7% |
| Recurring financial income | 75 | €575 | €277 | -€297 | -51.7% |
| Financial charges | 65/66B | €88,731 | €75,845 | -€12,886 | -14.5% |
| Recurring financial charges | 65 | €88,731 | €75,845 | -€12,886 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €78,921 | €11,554 | -€67,366 | -85.4% |
| Income taxes | 67/77 | €23,007 | €5,884 | -€17,123 | -74.4% |
| Profit (loss) for the period | 9904 | €55,914 | €5,671 | -€50,243 | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,914 | €5,671 | -€50,243 | -89.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.