ARCHER: 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.
ARCHER
Largest movements
- Receivables within one year -€64,474
down €64,474 (-8.0%), from €807,372 to €742,898
of which Trade receivables: -€109,391
- Profit (loss) carried forward +€131,197
up €131,197, from -€131,197 to €0
- Reserves -€80,834
down €80,834 (-40.0%), from €202,014 to €121,181
of which Distributable reserves: -€80,834
- Tax, wage and social debts -€46,870
down €46,870 (-73.9%), from €63,451 to €16,581
- Debts after one year -€41,099
down €41,099 (-71.7%), from €57,346 to €16,247
- Trade debts -€37,440
down €37,440 (-9.1%), from €410,088 to €372,648
- Gross operating margin -€53,919
down €53,919 (-33.7%), from €159,839 to €105,920
- Write-downs -€34,388
down €34,388 (-100.0%), from €34,388 to €0
- Other operating charges -€22,806
down €22,806 (-61.3%), from €37,228 to €14,422
- Financial charges -€4,607
down €4,607 (-22.2%), from €20,728 to €16,122
- Depreciation +€3,079
up €3,079 (+12.1%), from €25,436 to €28,515
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 | €1,018,880 | €937,198 | -€81,683 | -8.0% |
| Fixed assets | 21/28 | €98,705 | €91,445 | -€7,260 | -7.4% |
| Tangible fixed assets | 22/27 | €98,300 | €91,040 | -€7,260 | -7.4% |
| Land and buildings | 22 | €7,096 | €6,302 | -€794 | -11.2% |
| Plant, machinery and equipment | 23 | €73,076 | €66,515 | -€6,561 | -9.0% |
| Furniture and vehicles | 24 | €18,129 | €18,223 | +€95 | +0.5% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €920,175 | €845,753 | -€74,422 | -8.1% |
| Stocks and contracts in progress | 3 | €54,732 | €55,007 | +€275 | +0.5% |
| Stocks | 30/36 | €54,732 | €55,007 | +€275 | +0.5% |
| Amounts receivable within one year | 40/41 | €807,372 | €742,898 | -€64,474 | -8.0% |
| Trade receivables | 40 | €535,558 | €426,167 | -€109,391 | -20.4% |
| Other amounts receivable | 41 | €271,814 | €316,731 | +€44,917 | +16.5% |
| Cash at bank and in hand | 54/58 | €56,965 | €47,570 | -€9,395 | -16.5% |
| Deferred charges and accrued income | 490/1 | €1,107 | €279 | -€828 | -74.8% |
| Total equity and liabilities | 10/49 | €1,018,880 | €937,198 | -€81,683 | -8.0% |
| Equity | 10/15 | €132,817 | €183,181 | +€50,364 | +37.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €202,014 | €121,181 | -€80,834 | -40.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €195,814 | €114,981 | -€80,834 | -41.3% |
| Profit (loss) carried forward | 14 | -€131,197 | €0 | +€131,197 | |
| Amounts payable | 17/49 | €886,063 | €754,017 | -€132,046 | -14.9% |
| Amounts payable after more than one year | 17 | €57,346 | €16,247 | -€41,099 | -71.7% |
| Financial debts | 170/4 | €57,346 | €16,247 | -€41,099 | -71.7% |
| Amounts payable within one year | 42/48 | €828,145 | €737,771 | -€90,375 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €46,206 | €46,511 | +€305 | +0.7% |
| Financial debts | 43 | €167,511 | €166,980 | -€530 | -0.3% |
| Credit institutions | 430/8 | €167,511 | €166,980 | -€530 | -0.3% |
| Trade debts | 44 | €410,088 | €372,648 | -€37,440 | -9.1% |
| Suppliers | 440/4 | €410,088 | €372,648 | -€37,440 | -9.1% |
| Taxes, remuneration and social security | 45 | €63,451 | €16,581 | -€46,870 | -73.9% |
| Taxes | 450/3 | €63,451 | €16,581 | -€46,870 | -73.9% |
| Other amounts payable | 47/48 | €140,889 | €135,050 | -€5,839 | -4.1% |
| Accrued charges and deferred income | 492/3 | €573 | €0 | -€573 | -100.0% |
| Non-recurring operating income | 76A | €11,495 | €0 | -€11,495 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,436 | €28,515 | +€3,079 | +12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,388 | €0 | -€34,388 | -100.0% |
| Other operating charges | 640/8 | €37,228 | €14,422 | -€22,806 | -61.3% |
| Non-recurring operating charges | 66A | €6,194 | €0 | -€6,194 | -100.0% |
| Gross operating margin | 9900 | €159,839 | €105,920 | -€53,919 | -33.7% |
| Operating profit (loss) | 9901 | €56,593 | €62,983 | +€6,390 | +11.3% |
| Financial income | 75/76B | €4,684 | €3,727 | -€957 | -20.4% |
| Recurring financial income | 75 | €4,684 | €3,727 | -€957 | -20.4% |
| Financial charges | 65/66B | €20,728 | €16,122 | -€4,607 | -22.2% |
| Recurring financial charges | 65 | €20,728 | €16,122 | -€4,607 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €40,549 | €50,588 | +€10,040 | +24.8% |
| Income taxes | 67/77 | €32 | €225 | +€193 | +612.5% |
| Profit (loss) for the period | 9904 | €40,517 | €50,364 | +€9,846 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,517 | €50,364 | +€9,846 | +24.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.