ArcH2o: 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.
ArcH2o
Largest movements
- Tangible fixed assets -€5,611
down €5,611 (-55.5%), from €10,101 to €4,491
of which Furniture and vehicles: -€5,059
- Receivables within one year -€5,254
down €5,254 (-37.0%), from €14,194 to €8,940
- Stocks and contracts -€4,257
down €4,257 (-34.7%), from €12,264 to €8,007
- Cash +€2,095
up €2,095 (+3.4%), from €61,219 to €63,314
mainly Depreciation (+€5,611) and Receivables within one year (+€5,254)
- Deferred charges and accrued income -€1,359
down €1,359 (-90.1%), from €1,508 to €149
- Trade debts -€4,320
down €4,320 (-16.5%), from €26,178 to €21,859
- Tax, wage and social debts -€3,347
down €3,347 (-30.0%), from €11,163 to €7,816
of which Taxes: -€3,547
- Current portion of long-term debt -€3,022
no longer reported in 2025 (was €3,022)
- Other debts -€1,912
down €1,912 (-67.6%), from €2,830 to €917
- Profit (loss) carried forward -€1,786
down €1,786 (-8.1%), from €21,988 to €20,203
- Gross operating margin -€14,585
down €14,585 (-68.4%), from €21,330 to €6,745
- Depreciation -€3,067
down €3,067 (-35.3%), from €8,678 to €5,611
- Taxes -€669
down €669 (-44.0%), from €1,518 to €850
- Financial charges -€264
down €264 (-51.7%), from €511 to €247
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 | €99,286 | €84,900 | -€14,386 | -14.5% |
| Fixed assets | 21/28 | €10,101 | €4,491 | -€5,611 | -55.5% |
| Tangible fixed assets | 22/27 | €10,101 | €4,491 | -€5,611 | -55.5% |
| Land and buildings | 22 | €4,768 | €4,216 | -€552 | -11.6% |
| Furniture and vehicles | 24 | €5,334 | €274 | -€5,059 | -94.9% |
| Current assets | 29/58 | €89,185 | €80,410 | -€8,775 | -9.8% |
| Stocks and contracts in progress | 3 | €12,264 | €8,007 | -€4,257 | -34.7% |
| Stocks | 30/36 | €12,264 | €8,007 | -€4,257 | -34.7% |
| Amounts receivable within one year | 40/41 | €14,194 | €8,940 | -€5,254 | -37.0% |
| Trade receivables | 40 | €14,194 | €8,940 | -€5,254 | -37.0% |
| Cash at bank and in hand | 54/58 | €61,219 | €63,314 | +€2,095 | +3.4% |
| Deferred charges and accrued income | 490/1 | €1,508 | €149 | -€1,359 | -90.1% |
| Total equity and liabilities | 10/49 | €99,286 | €84,900 | -€14,386 | -14.5% |
| Equity | 10/15 | €56,093 | €54,308 | -€1,786 | -3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,905 | €27,905 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,260 | €17,260 | = | 0.0% |
| Distributable reserves | 133 | €10,645 | €10,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,988 | €20,203 | -€1,786 | -8.1% |
| Amounts payable | 17/49 | €43,193 | €30,592 | -€12,600 | -29.2% |
| Amounts payable within one year | 42/48 | €43,193 | €30,592 | -€12,600 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €3,022 | - | -€3,022 | |
| Trade debts | 44 | €26,178 | €21,859 | -€4,320 | -16.5% |
| Suppliers | 440/4 | €26,178 | €21,859 | -€4,320 | -16.5% |
| Taxes, remuneration and social security | 45 | €11,163 | €7,816 | -€3,347 | -30.0% |
| Taxes | 450/3 | €9,163 | €5,616 | -€3,547 | -38.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,200 | +€200 | +10.0% |
| Other amounts payable | 47/48 | €2,830 | €917 | -€1,912 | -67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,678 | €5,611 | -€3,067 | -35.3% |
| Other operating charges | 640/8 | €1,837 | €1,629 | -€208 | -11.3% |
| Non-recurring operating charges | 66A | - | €194 | +€194 | |
| Gross operating margin | 9900 | €21,330 | €6,745 | -€14,585 | -68.4% |
| Operating profit (loss) | 9901 | €10,815 | -€689 | -€11,504 | |
| Financial charges | 65/66B | €511 | €247 | -€264 | -51.7% |
| Recurring financial charges | 65 | €511 | €247 | -€264 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €10,303 | -€936 | -€11,239 | |
| Income taxes | 67/77 | €1,518 | €850 | -€669 | -44.0% |
| Profit (loss) for the period | 9904 | €8,785 | -€1,786 | -€10,570 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,785 | -€1,786 | -€10,570 |
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 5 October 2026 via checked.be.