ARCHEBO: 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.
ARCHEBO
Largest movements
- Current investments +€381,695
up €381,695 (+553%), from €68,998 to €450,693
- Cash -€182,036
down €182,036 (-68.0%), from €267,805 to €85,769
mainly Current investments (-€381,695) and Receivables within one year (-€141,152)
- Receivables within one year +€141,152
up €141,152 (+48.3%), from €292,122 to €433,273
of which Trade receivables: +€132,574
- Stocks and contracts -€79,250
down €79,250 (-15.1%), from €523,484 to €444,234
- Tangible fixed assets -€32,105
down €32,105 (-6.2%), from €513,968 to €481,863
- Reserves +€240,987
up €240,987 (+16.5%), from €1.5m to €1.7m
- Tax, wage and social debts +€40,343
up €40,343 (+66.2%), from €60,970 to €101,312
of which Taxes: +€24,486
- Other debts -€30,967
down €30,967 (-100%), from €30,967 to €0
- Gross operating margin +€147,042
up €147,042 (+31.4%), from €468,586 to €615,628
- Staff costs +€47,859
up €47,859 (+27.5%), from €173,856 to €221,715
- Taxes +€42,458
up €42,458 (+62.7%), from €67,690 to €110,147
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 | €1,672,066 | €1,902,400 | +€230,334 | +13.8% |
| Fixed assets | 21/28 | €514,208 | €482,103 | -€32,105 | -6.2% |
| Tangible fixed assets | 22/27 | €513,968 | €481,863 | -€32,105 | -6.2% |
| Land and buildings | 22 | €459,125 | €443,156 | -€15,969 | -3.5% |
| Plant, machinery and equipment | 23 | €20,166 | €19,301 | -€865 | -4.3% |
| Furniture and vehicles | 24 | €34,677 | €19,406 | -€15,271 | -44.0% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €1,157,858 | €1,420,298 | +€262,439 | +22.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €523,484 | €444,234 | -€79,250 | -15.1% |
| Stocks | 30/36 | €523,484 | €444,234 | -€79,250 | -15.1% |
| Amounts receivable within one year | 40/41 | €292,122 | €433,273 | +€141,152 | +48.3% |
| Trade receivables | 40 | €210,928 | €343,502 | +€132,574 | +62.9% |
| Other amounts receivable | 41 | €81,194 | €89,771 | +€8,577 | +10.6% |
| Current investments | 50/53 | €68,998 | €450,693 | +€381,695 | +553% |
| Cash at bank and in hand | 54/58 | €267,805 | €85,769 | -€182,036 | -68.0% |
| Deferred charges and accrued income | 490/1 | €5,450 | €6,328 | +€878 | +16.1% |
| Total equity and liabilities | 10/49 | €1,672,066 | €1,902,400 | +€230,334 | +13.8% |
| Equity | 10/15 | €1,481,010 | €1,721,997 | +€240,987 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,462,410 | €1,703,397 | +€240,987 | +16.5% |
| Distributable reserves | 133 | €1,462,410 | €1,703,397 | +€240,987 | +16.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €191,056 | €180,403 | -€10,653 | -5.6% |
| Amounts payable after more than one year | 17 | €44,849 | €31,759 | -€13,090 | -29.2% |
| Financial debts | 170/4 | €44,849 | €31,759 | -€13,090 | -29.2% |
| Amounts payable within one year | 42/48 | €146,207 | €148,644 | +€2,437 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €15,757 | €13,090 | -€2,667 | -16.9% |
| Trade debts | 44 | €38,513 | €34,242 | -€4,272 | -11.1% |
| Suppliers | 440/4 | €38,513 | €34,242 | -€4,272 | -11.1% |
| Taxes, remuneration and social security | 45 | €60,970 | €101,312 | +€40,343 | +66.2% |
| Taxes | 450/3 | €39,164 | €63,650 | +€24,486 | +62.5% |
| Remuneration and social security | 454/9 | €21,806 | €37,663 | +€15,857 | +72.7% |
| Other amounts payable | 47/48 | €30,967 | €0 | -€30,967 | -100% |
| Non-recurring operating income | 76A | €8,264 | €0 | -€8,264 | -100% |
| Remuneration, social security and pensions | 62 | €173,856 | €221,715 | +€47,859 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,363 | €38,449 | +€1,086 | +2.9% |
| Other operating charges | 640/8 | €4,337 | €3,735 | -€602 | -13.9% |
| Non-recurring operating charges | 66A | €47,132 | €0 | -€47,132 | -100% |
| Gross operating margin | 9900 | €468,586 | €615,628 | +€147,042 | +31.4% |
| Operating profit (loss) | 9901 | €205,897 | €351,729 | +€145,832 | +70.8% |
| Financial income | 75/76B | €6,635 | €829 | -€5,806 | -87.5% |
| Recurring financial income | 75 | €6,635 | €829 | -€5,806 | -87.5% |
| Financial charges | 65/66B | €1,932 | €1,423 | -€508 | -26.3% |
| Recurring financial charges | 65 | €1,932 | €1,423 | -€508 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €210,601 | €351,134 | +€140,534 | +66.7% |
| Income taxes | 67/77 | €67,690 | €110,147 | +€42,458 | +62.7% |
| Profit (loss) for the period | 9904 | €142,911 | €240,987 | +€98,076 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €142,911 | €240,987 | +€98,076 | +68.6% |
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 23 October 2026 via checked.be.