ARCH HE MADE: 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.
ARCH HE MADE
Largest movements
- Financial fixed assets +€1.6m
new in 2025: €1.6m
- Stocks and contracts +€642,254
up €642,254 (+6,117%), from €10,500 to €652,754
- Receivables within one year +€145,086
up €145,086 (+216%), from €67,244 to €212,330
of which Other amounts receivable: +€183,210
- Cash -€58,690
down €58,690 (-99.2%), from €59,188 to €497
mainly Investment in fixed assets (net) (-€1.6m) and Stocks and contracts (-€642,254)
- Debts after one year +€1.3m
new in 2025: €1.3m
- Other debts +€778,605
new in 2025: €778,605
- Profit (loss) carried forward +€112,531
up €112,531 (+174%), from €64,709 to €177,239
- Advances received +€70,000
new in 2025: €70,000
- Tax, wage and social debts +€40,125
up €40,125 (+186%), from €21,570 to €61,695
- Gross operating margin +€80,248
up €80,248 (+92.9%), from €86,347 to €166,595
- Purchases and services +€68,307
up €68,307 (+68.1%), from €100,361 to €168,668
- Turnover -€51,658
down €51,658 (-27.7%), from €186,708 to €135,050
- Taxes +€18,556
up €18,556 (+86.0%), from €21,570 to €40,125
- Financial charges +€12,195
up €12,195 (+17,803%), from €69 to €12,263
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 | €138,207 | €2,429,998 | +€2.3m | +1,658% |
| Formation expenses | 20 | €1,275 | €1,275 | = | 0.0% |
| Fixed assets | 21/28 | - | €1,563,142 | +€1.6m | |
| Tangible fixed assets | 22/27 | - | €2,225 | +€2,225 | |
| Plant, machinery and equipment | 23 | - | €2,225 | +€2,225 | |
| Financial fixed assets | 28 | - | €1,560,917 | +€1.6m | |
| Current assets | 29/58 | €136,932 | €865,581 | +€728,649 | +532% |
| Stocks and contracts in progress | 3 | €10,500 | €652,754 | +€642,254 | +6,117% |
| Stocks | 30/36 | €10,500 | €652,754 | +€642,254 | +6,117% |
| Amounts receivable within one year | 40/41 | €67,244 | €212,330 | +€145,086 | +216% |
| Trade receivables | 40 | €41,125 | €3,000 | -€38,125 | -92.7% |
| Other amounts receivable | 41 | €26,120 | €209,330 | +€183,210 | +701% |
| Cash at bank and in hand | 54/58 | €59,188 | €497 | -€58,690 | -99.2% |
| Total equity and liabilities | 10/49 | €138,207 | €2,429,998 | +€2.3m | +1,658% |
| Equity | 10/15 | €74,709 | €187,239 | +€112,531 | +151% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,709 | €177,239 | +€112,531 | +174% |
| Amounts payable | 17/49 | €63,498 | €2,242,759 | +€2.2m | +3,432% |
| Amounts payable after more than one year | 17 | - | €1,270,000 | +€1.3m | |
| Financial debts | 170/4 | - | €1,270,000 | +€1.3m | |
| Amounts payable within one year | 42/48 | €63,498 | €972,759 | +€909,261 | +1,432% |
| Trade debts | 44 | €41,929 | €62,459 | +€20,530 | +49.0% |
| Suppliers | 440/4 | €41,929 | €62,459 | +€20,530 | +49.0% |
| Advances received on contracts in progress | 46 | - | €70,000 | +€70,000 | |
| Taxes, remuneration and social security | 45 | €21,570 | €61,695 | +€40,125 | +186% |
| Taxes | 450/3 | €21,570 | €61,695 | +€40,125 | +186% |
| Other amounts payable | 47/48 | - | €778,605 | +€778,605 | |
| Turnover | 70 | €186,708 | €135,050 | -€51,658 | -27.7% |
| Non-recurring operating income | 76A | - | €200,214 | +€200,214 | |
| Goods, raw materials, services and sundry goods | 60/61 | €100,361 | €168,668 | +€68,307 | +68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €275 | +€275 | |
| Other operating charges | 640/8 | - | €1,401 | +€1,401 | |
| Gross operating margin | 9900 | €86,347 | €166,595 | +€80,248 | +92.9% |
| Operating profit (loss) | 9901 | €86,347 | €164,919 | +€78,573 | +91.0% |
| Financial charges | 65/66B | €69 | €12,263 | +€12,195 | +17,803% |
| Recurring financial charges | 65 | €69 | €12,263 | +€12,195 | +17,803% |
| Profit (loss) for the period before taxes | 9903 | €86,278 | €152,656 | +€66,378 | +76.9% |
| Income taxes | 67/77 | €21,570 | €40,125 | +€18,556 | +86.0% |
| Profit (loss) for the period | 9904 | €64,709 | €112,531 | +€47,822 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,709 | €112,531 | +€47,822 | +73.9% |
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 14 October 2026 via checked.be.