ARCHEL: 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.
ARCHEL
Largest movements
- Cash +€52,543
up €52,543 (+76.2%), from €68,988 to €121,530
mainly Net result for the year (+€28,884) and Receivables within one year (+€22,625)
- Receivables within one year -€22,625
down €22,625 (-54.1%), from €41,844 to €19,219
of which Trade receivables: -€14,763
- Tangible fixed assets -€10,252
down €10,252 (-88.8%), from €11,548 to €1,296
- Deferred charges and accrued income +€2,515
up €2,515 (+133%), from €1,895 to €4,410
- Reserves +€28,500
up €28,500 (+35.1%), from €81,143 to €109,643
- Other debts -€4,691
down €4,691 (-53.0%), from €8,848 to €4,157
- Trade debts -€2,437
down €2,437 (-34.9%), from €6,983 to €4,545
- Gross operating margin +€42,972
up €42,972 (+377%), from €11,398 to €54,370
- Taxes +€14,519
up €14,519 (+10,817%), from €134 to €14,653
- Depreciation -€5,364
down €5,364 (-34.4%), from €15,616 to €10,252
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 | €126,275 | €147,956 | +€21,681 | +17.2% |
| Fixed assets | 21/28 | €11,548 | €1,296 | -€10,252 | -88.8% |
| Tangible fixed assets | 22/27 | €11,548 | €1,296 | -€10,252 | -88.8% |
| Furniture and vehicles | 24 | €11,548 | €1,296 | -€10,252 | -88.8% |
| Current assets | 29/58 | €114,727 | €146,660 | +€31,933 | +27.8% |
| Stocks and contracts in progress | 3 | €2,000 | €1,500 | -€500 | -25.0% |
| Stocks | 30/36 | €2,000 | €1,500 | -€500 | -25.0% |
| Amounts receivable within one year | 40/41 | €41,844 | €19,219 | -€22,625 | -54.1% |
| Trade receivables | 40 | €25,878 | €11,114 | -€14,763 | -57.0% |
| Other amounts receivable | 41 | €15,967 | €8,105 | -€7,862 | -49.2% |
| Cash at bank and in hand | 54/58 | €68,988 | €121,530 | +€52,543 | +76.2% |
| Deferred charges and accrued income | 490/1 | €1,895 | €4,410 | +€2,515 | +133% |
| Total equity and liabilities | 10/49 | €126,275 | €147,956 | +€21,681 | +17.2% |
| Equity | 10/15 | €110,212 | €139,096 | +€28,884 | +26.2% |
| Contributions | 10/11 | €20,459 | €20,459 | = | 0.0% |
| Reserves | 13 | €81,143 | €109,643 | +€28,500 | +35.1% |
| Distributable reserves | 133 | €81,143 | €109,643 | +€28,500 | +35.1% |
| Profit (loss) carried forward | 14 | €8,610 | €8,994 | +€384 | +4.5% |
| Amounts payable | 17/49 | €16,063 | €8,860 | -€7,202 | -44.8% |
| Amounts payable within one year | 42/48 | €16,063 | €8,860 | -€7,202 | -44.8% |
| Trade debts | 44 | €6,983 | €4,545 | -€2,437 | -34.9% |
| Suppliers | 440/4 | €6,983 | €4,545 | -€2,437 | -34.9% |
| Taxes, remuneration and social security | 45 | €232 | €158 | -€74 | -31.9% |
| Taxes | 450/3 | €232 | €158 | -€74 | -31.9% |
| Other amounts payable | 47/48 | €8,848 | €4,157 | -€4,691 | -53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,616 | €10,252 | -€5,364 | -34.4% |
| Other operating charges | 640/8 | €1,136 | €1,035 | -€101 | -8.9% |
| Gross operating margin | 9900 | €11,398 | €54,370 | +€42,972 | +377% |
| Operating profit (loss) | 9901 | -€5,354 | €43,084 | +€48,438 | |
| Financial income | 75/76B | €406 | €604 | +€198 | +48.8% |
| Recurring financial income | 75 | €406 | €604 | +€198 | +48.8% |
| Financial charges | 65/66B | €274 | €151 | -€123 | -44.9% |
| Recurring financial charges | 65 | €274 | €151 | -€123 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,222 | €43,537 | +€48,759 | |
| Income taxes | 67/77 | €134 | €14,653 | +€14,519 | +10,817% |
| Profit (loss) for the period | 9904 | -€5,356 | €28,884 | +€34,240 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,356 | €28,884 | +€34,240 |
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 17 October 2026 via checked.be.