Archiduc 2.0: 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.
Archiduc 2.0
Largest movements
- Receivables after one year +€1.3m
new in 2025: €1.3m
- Tangible fixed assets +€1.2m
up €1.2m (+119%), from €1.0m to €2.2m
of which Plant, machinery and equipment: +€1.3m
- Cash -€86,778
down €86,778 (-48.7%), from €178,057 to €91,279
mainly Receivables after one year (-€1.3m) and Investment in fixed assets (net) (-€1.3m)
- Debts after one year +€2.3m
up €2.3m (+518%), from €449,800 to €2.8m
- Investment grants +€163,000
new in 2025: €163,000
- Profit (loss) carried forward -€120,506
down €120,506 (-42.1%), from -€285,925 to -€406,430
- Trade debts +€56,383
up €56,383 (+724%), from €7,787 to €64,170
- Gross operating margin +€195,152
up €195,152 (+75.2%), from -€259,407 to -€64,255
- Depreciation +€25,812
up €25,812 (+142%), from €18,151 to €43,964
- Other operating charges +€3,778
up €3,778 (+47.3%), from €7,982 to €11,760
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 | €1,231,033 | €3,665,201 | +€2.4m | +198% |
| Formation expenses | 20 | €12,158 | €9,504 | -€2,654 | -21.8% |
| Fixed assets | 21/28 | €1,021,716 | €2,238,287 | +€1.2m | +119% |
| Tangible fixed assets | 22/27 | €1,021,716 | €2,238,287 | +€1.2m | +119% |
| Land and buildings | 22 | €1,005,744 | €968,185 | -€37,559 | -3.7% |
| Plant, machinery and equipment | 23 | €15,972 | €1,270,102 | +€1.3m | +7,852% |
| Current assets | 29/58 | €197,159 | €1,417,411 | +€1.2m | +619% |
| Amounts receivable after more than one year | 29 | - | €1,291,733 | +€1.3m | |
| Other amounts receivable | 291 | - | €1,291,733 | +€1.3m | |
| Amounts receivable within one year | 40/41 | €18,978 | €34,398 | +€15,421 | +81.3% |
| Other amounts receivable | 41 | €18,978 | €34,398 | +€15,421 | +81.3% |
| Cash at bank and in hand | 54/58 | €178,057 | €91,279 | -€86,778 | -48.7% |
| Deferred charges and accrued income | 490/1 | €124 | €0 | -€124 | -100% |
| Total equity and liabilities | 10/49 | €1,231,033 | €3,665,201 | +€2.4m | +198% |
| Equity | 10/15 | €744,075 | €786,570 | +€42,494 | +5.7% |
| Contributions | 10/11 | €1,030,000 | €1,030,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€285,925 | -€406,430 | -€120,506 | -42.1% |
| Investment grants | 15 | - | €163,000 | +€163,000 | |
| Amounts payable | 17/49 | €486,958 | €2,878,632 | +€2.4m | +491% |
| Amounts payable after more than one year | 17 | €449,800 | €2,779,800 | +€2.3m | +518% |
| Financial debts | 170/4 | €449,800 | €2,779,800 | +€2.3m | +518% |
| Amounts payable within one year | 42/48 | €37,158 | €98,832 | +€61,674 | +166% |
| Trade debts | 44 | €7,787 | €64,170 | +€56,383 | +724% |
| Suppliers | 440/4 | €7,787 | €64,170 | +€56,383 | +724% |
| Taxes, remuneration and social security | 45 | €18,000 | €24,000 | +€6,000 | +33.3% |
| Taxes | 450/3 | €12,000 | €18,000 | +€6,000 | +50.0% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €11,371 | €10,662 | -€709 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,151 | €43,964 | +€25,812 | +142% |
| Other operating charges | 640/8 | €7,982 | €11,760 | +€3,778 | +47.3% |
| Gross operating margin | 9900 | -€259,407 | -€64,255 | +€195,152 | +75.2% |
| Operating profit (loss) | 9901 | -€285,540 | -€119,979 | +€165,561 | +58.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €384 | €527 | +€142 | +37.0% |
| Recurring financial charges | 65 | €384 | €527 | +€142 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | -€285,925 | -€120,506 | +€165,419 | +57.9% |
| Profit (loss) for the period | 9904 | -€285,925 | -€120,506 | +€165,419 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€285,925 | -€120,506 | +€165,419 | +57.9% |
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 30 October 2026 via checked.be.