ARCH'M: what changed
Two fiscal 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'M
Largest movements
- Receivables within one year +€160,891
up €160,891 (+71.5%), from €225,133 to €386,025
of which Trade receivables: +€160,844
- Stocks and contracts +€48,746
up €48,746 (+10.0%), from €485,948 to €534,694
- Tangible fixed assets +€25,347
up €25,347 (+46.1%), from €54,967 to €80,315
of which Other tangible fixed assets: +€37,093
- Trade debts +€242,450
up €242,450 (+182.2%), from €133,053 to €375,503
- Other debts +€86,187
up €86,187 (+285.3%), from €30,207 to €116,394
- Reserves -€72,121
down €72,121 (-14.6%), from €494,985 to €422,864
of which Distributable reserves: -€72,121
- Gross operating margin +€75,284
up €75,284 (+49.1%), from €153,358 to €228,641
- Staff costs +€50,288
up €50,288 (+54.7%), from €91,974 to €142,262
- Taxes +€11,217
up €11,217 (+109.7%), from €10,227 to €21,443
- Other operating charges -€6,893
down €6,893 (-82.1%), from €8,392 to €1,499
- Depreciation +€4,896
up €4,896 (+28.7%), from €17,052 to €21,948
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.
Cash bridge derived
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 | €1,031,339 | €1,285,665 | +€254,327 | +24.7% |
| Fixed assets | 21/28 | €55,082 | €80,430 | +€25,347 | +46.0% |
| Tangible fixed assets | 22/27 | €54,967 | €80,315 | +€25,347 | +46.1% |
| Land and buildings | 22 | €1,130 | €475 | -€655 | -58.0% |
| Furniture and vehicles | 24 | €47,491 | €36,401 | -€11,090 | -23.4% |
| Other tangible fixed assets | 26 | €6,346 | €43,439 | +€37,093 | +584.5% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €976,256 | €1,205,236 | +€228,979 | +23.5% |
| Stocks and contracts in progress | 3 | €485,948 | €534,694 | +€48,746 | +10.0% |
| Stocks | 30/36 | €485,948 | €534,694 | +€48,746 | +10.0% |
| Amounts receivable within one year | 40/41 | €225,133 | €386,025 | +€160,891 | +71.5% |
| Trade receivables | 40 | €223,957 | €384,801 | +€160,844 | +71.8% |
| Other amounts receivable | 41 | €1,177 | €1,224 | +€48 | +4.1% |
| Cash at bank and in hand | 54/58 | €256,058 | €264,962 | +€8,905 | +3.5% |
| Deferred charges and accrued income | 490/1 | €9,117 | €19,554 | +€10,437 | +114.5% |
| Total equity and liabilities | 10/49 | €1,031,339 | €1,285,665 | +€254,327 | +24.7% |
| Equity | 10/15 | €735,827 | €663,705 | -€72,121 | -9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €494,985 | €422,864 | -€72,121 | -14.6% |
| 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 | €493,125 | €421,004 | -€72,121 | -14.6% |
| Profit (loss) carried forward | 14 | €222,241 | €222,241 | = | 0.0% |
| Provisions and deferred taxes | 16 | €9,338 | €9,338 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,338 | €9,338 | = | 0.0% |
| Major repairs and maintenance | 162 | €9,338 | €9,338 | = | 0.0% |
| Amounts payable | 17/49 | €286,174 | €612,622 | +€326,448 | +114.1% |
| Amounts payable within one year | 42/48 | €286,174 | €612,622 | +€326,448 | +114.1% |
| Trade debts | 44 | €133,053 | €375,503 | +€242,450 | +182.2% |
| Suppliers | 440/4 | €133,053 | €375,503 | +€242,450 | +182.2% |
| Advances received on contracts in progress | 46 | €35,999 | €38,348 | +€2,349 | +6.5% |
| Taxes, remuneration and social security | 45 | €86,915 | €82,376 | -€4,539 | -5.2% |
| Taxes | 450/3 | €69,607 | €67,555 | -€2,052 | -2.9% |
| Remuneration and social security | 454/9 | €17,308 | €14,822 | -€2,486 | -14.4% |
| Other amounts payable | 47/48 | €30,207 | €116,394 | +€86,187 | +285.3% |
| Non-recurring operating income | 76A | €96 | €941 | +€844 | +875.9% |
| Remuneration, social security and pensions | 62 | €91,974 | €142,262 | +€50,288 | +54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,052 | €21,948 | +€4,896 | +28.7% |
| Other operating charges | 640/8 | €8,392 | €1,499 | -€6,893 | -82.1% |
| Non-recurring operating charges | 66A | €491 | €1,332 | +€841 | +171.2% |
| Gross operating margin | 9900 | €153,358 | €228,641 | +€75,284 | +49.1% |
| Operating profit (loss) | 9901 | €35,448 | €61,600 | +€26,152 | +73.8% |
| Financial income | 75/76B | €2,853 | €3,570 | +€718 | +25.2% |
| Recurring financial income | 75 | €2,853 | €3,570 | +€718 | +25.2% |
| Financial charges | 65/66B | €3,961 | €5,848 | +€1,887 | +47.6% |
| Recurring financial charges | 65 | €3,961 | €5,848 | +€1,887 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €34,339 | €59,322 | +€24,983 | +72.8% |
| Income taxes | 67/77 | €10,227 | €21,443 | +€11,217 | +109.7% |
| Profit (loss) for the period | 9904 | €24,113 | €37,879 | +€13,766 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,113 | €37,879 | +€13,766 | +57.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.