ARCHIBALD228: 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.
ARCHIBALD228
Largest movements
- Formation expenses -€15,530
down €15,530 (-20.2%), from €76,927 to €61,397
- Tangible fixed assets -€5,206
down €5,206 (-14.8%), from €35,061 to €29,855
of which Other tangible fixed assets: -€6,578
- Receivables within one year -€2,913
down €2,913 (-9.0%), from €32,355 to €29,442
of which Other amounts receivable: -€14,235
- Stocks and contracts -€2,422
down €2,422 (-48.7%), from €4,972 to €2,550
- Debts after one year -€60,425
down €60,425 (-53.8%), from €112,347 to €51,923
of which Other amounts payable: -€58,143
- Current portion of long-term debt -€25,169
down €25,169 (-93.0%), from €27,067 to €1,899
- Profit (loss) carried forward +€18,711
up €18,711, from -€2,252 to €16,459
- Trade debts +€18,668
up €18,668 (+8,502%), from €220 to €18,887
- Tax, wage and social debts +€17,861
up €17,861 (+114%), from €15,626 to €33,487
of which Taxes: +€10,557
- Gross operating margin +€15,884
up €15,884 (+10.9%), from €145,399 to €161,283
- Taxes +€6,200
new in 2025: €6,200
- Staff costs +€4,117
up €4,117 (+4.0%), from €103,608 to €107,726
- Depreciation -€2,983
down €2,983 (-10.7%), from €27,993 to €25,010
- Other operating charges -€1,690
down €1,690 (-52.1%), from €3,243 to €1,552
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 | €173,008 | €145,854 | -€27,154 | -15.7% |
| Formation expenses | 20 | €76,927 | €61,397 | -€15,530 | -20.2% |
| Fixed assets | 21/28 | €35,061 | €29,855 | -€5,206 | -14.8% |
| Tangible fixed assets | 22/27 | €35,061 | €29,855 | -€5,206 | -14.8% |
| Plant, machinery and equipment | 23 | €4,672 | €5,079 | +€407 | +8.7% |
| Furniture and vehicles | 24 | €3,458 | €4,579 | +€1,121 | +32.4% |
| Leasing and similar rights | 25 | €156 | - | -€156 | |
| Other tangible fixed assets | 26 | €26,776 | €20,198 | -€6,578 | -24.6% |
| Current assets | 29/58 | €61,020 | €54,601 | -€6,418 | -10.5% |
| Stocks and contracts in progress | 3 | €4,972 | €2,550 | -€2,422 | -48.7% |
| Stocks | 30/36 | €4,972 | €2,550 | -€2,422 | -48.7% |
| Amounts receivable within one year | 40/41 | €32,355 | €29,442 | -€2,913 | -9.0% |
| Trade receivables | 40 | €681 | €12,003 | +€11,322 | +1,662% |
| Other amounts receivable | 41 | €31,674 | €17,439 | -€14,235 | -44.9% |
| Cash at bank and in hand | 54/58 | €22,958 | €22,024 | -€933 | -4.1% |
| Deferred charges and accrued income | 490/1 | €735 | €585 | -€150 | -20.4% |
| Total equity and liabilities | 10/49 | €173,008 | €145,854 | -€27,154 | -15.7% |
| Equity | 10/15 | €17,748 | €36,459 | +€18,711 | +105% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,252 | €16,459 | +€18,711 | |
| Amounts payable | 17/49 | €155,260 | €109,395 | -€45,864 | -29.5% |
| Amounts payable after more than one year | 17 | €112,347 | €51,923 | -€60,425 | -53.8% |
| Financial debts | 170/4 | €52,281 | €50,000 | -€2,281 | -4.4% |
| Other amounts payable | 178/9 | €60,066 | €1,923 | -€58,143 | -96.8% |
| Amounts payable within one year | 42/48 | €42,912 | €54,273 | +€11,360 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €27,067 | €1,899 | -€25,169 | -93.0% |
| Trade debts | 44 | €220 | €18,887 | +€18,668 | +8,502% |
| Suppliers | 440/4 | €220 | €18,887 | +€18,668 | +8,502% |
| Taxes, remuneration and social security | 45 | €15,626 | €33,487 | +€17,861 | +114% |
| Taxes | 450/3 | €6,056 | €16,613 | +€10,557 | +174% |
| Remuneration and social security | 454/9 | €9,570 | €16,874 | +€7,304 | +76.3% |
| Accrued charges and deferred income | 492/3 | - | €3,200 | +€3,200 | |
| Remuneration, social security and pensions | 62 | €103,608 | €107,726 | +€4,117 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,993 | €25,010 | -€2,983 | -10.7% |
| Other operating charges | 640/8 | €3,243 | €1,552 | -€1,690 | -52.1% |
| Non-recurring operating charges | 66A | €3,835 | €2,020 | -€1,815 | -47.3% |
| Gross operating margin | 9900 | €145,399 | €161,283 | +€15,884 | +10.9% |
| Operating profit (loss) | 9901 | €6,720 | €24,975 | +€18,255 | +272% |
| Financial income | 75/76B | - | €69 | +€69 | |
| Recurring financial income | 75 | - | €69 | +€69 | |
| Financial charges | 65/66B | €982 | €133 | -€848 | -86.4% |
| Recurring financial charges | 65 | €982 | €133 | -€848 | -86.4% |
| Profit (loss) for the period before taxes | 9903 | €5,738 | €24,911 | +€19,172 | +334% |
| Income taxes | 67/77 | - | €6,200 | +€6,200 | |
| Profit (loss) for the period | 9904 | €5,738 | €18,711 | +€12,972 | +226% |
| Profit (loss) for the period to be appropriated | 9905 | €5,738 | €18,711 | +€12,972 | +226% |
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 26 October 2026 via checked.be.