ARCHER RESEARCH: 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.
ARCHER RESEARCH
Largest movements
- Receivables within one year +€376,251
up €376,251 (+58.8%), from €640,149 to €1.0m
of which Trade receivables: +€284,161
- Cash +€325,043
up €325,043 (+286.6%), from €113,400 to €438,443
mainly Net result for the year (+€566,855) and Trade debts (+€125,937)
- Intangible fixed assets +€16,650
new in 2025: €16,650
- Profit (loss) carried forward +€566,855
up €566,855 (+117.1%), from €484,057 to €1.1m
- Trade debts +€125,937
up €125,937 (+103.4%), from €121,807 to €247,745
- Accrued charges and deferred income +€114,100
up €114,100 (+1900.9%), from €6,002 to €120,102
- Tax, wage and social debts -€111,042
down €111,042 (-41.9%), from €264,981 to €153,939
of which Taxes: -€101,484
- Gross operating margin +€456,576
up €456,576 (+39.9%), from €1.1m to €1.6m
- Taxes +€131,285
up €131,285 (+157.2%), from €83,541 to €214,825
- Staff costs +€63,626
up €63,626 (+8.7%), from €727,248 to €790,874
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 | €886,077 | €1,581,927 | +€695,850 | +78.5% |
| Fixed assets | 21/28 | €122,063 | €124,492 | +€2,429 | +2.0% |
| Intangible fixed assets | 21 | - | €16,650 | +€16,650 | |
| Tangible fixed assets | 22/27 | €122,003 | €107,782 | -€14,221 | -11.7% |
| Plant, machinery and equipment | 23 | €3,906 | €7,295 | +€3,389 | +86.8% |
| Furniture and vehicles | 24 | €36,363 | €28,300 | -€8,063 | -22.2% |
| Other tangible fixed assets | 26 | €81,734 | €72,187 | -€9,547 | -11.7% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €764,014 | €1,457,435 | +€693,421 | +90.8% |
| Amounts receivable within one year | 40/41 | €640,149 | €1,016,400 | +€376,251 | +58.8% |
| Trade receivables | 40 | €640,149 | €924,310 | +€284,161 | +44.4% |
| Other amounts receivable | 41 | - | €92,090 | +€92,090 | |
| Cash at bank and in hand | 54/58 | €113,400 | €438,443 | +€325,043 | +286.6% |
| Deferred charges and accrued income | 490/1 | €10,465 | €2,593 | -€7,872 | -75.2% |
| Total equity and liabilities | 10/49 | €886,077 | €1,581,927 | +€695,850 | +78.5% |
| Equity | 10/15 | €493,286 | €1,060,141 | +€566,855 | +114.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,029 | €3,029 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,029 | €3,029 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,029 | €3,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | €484,057 | €1,050,912 | +€566,855 | +117.1% |
| Amounts payable | 17/49 | €392,790 | €521,786 | +€128,995 | +32.8% |
| Amounts payable within one year | 42/48 | €386,788 | €401,683 | +€14,896 | +3.9% |
| Trade debts | 44 | €121,807 | €247,745 | +€125,937 | +103.4% |
| Suppliers | 440/4 | €121,807 | €247,745 | +€125,937 | +103.4% |
| Taxes, remuneration and social security | 45 | €264,981 | €153,939 | -€111,042 | -41.9% |
| Taxes | 450/3 | €106,221 | €4,738 | -€101,484 | -95.5% |
| Remuneration and social security | 454/9 | €158,759 | €149,201 | -€9,558 | -6.0% |
| Accrued charges and deferred income | 492/3 | €6,002 | €120,102 | +€114,100 | +1900.9% |
| Remuneration, social security and pensions | 62 | €727,248 | €790,874 | +€63,626 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,429 | €18,346 | +€9,916 | +117.6% |
| Other operating charges | 640/8 | €4,398 | €614 | -€3,784 | -86.0% |
| Gross operating margin | 9900 | €1,143,844 | €1,600,419 | +€456,576 | +39.9% |
| Operating profit (loss) | 9901 | €403,769 | €790,586 | +€386,818 | +95.8% |
| Financial income | 75/76B | €1,706 | €13,099 | +€11,393 | +668.0% |
| Recurring financial income | 75 | €1,706 | €13,099 | +€11,393 | +668.0% |
| Financial charges | 65/66B | €15,070 | €22,005 | +€6,935 | +46.0% |
| Recurring financial charges | 65 | €15,070 | €22,005 | +€6,935 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €390,404 | €781,680 | +€391,276 | +100.2% |
| Income taxes | 67/77 | €83,541 | €214,825 | +€131,285 | +157.2% |
| Profit (loss) for the period | 9904 | €306,863 | €566,855 | +€259,991 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €306,863 | €566,855 | +€259,991 | +84.7% |
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 11 October 2026 via checked.be.