ARCHILES: 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.
ARCHILES
Largest movements
- Stocks and contracts -€389,931
down €389,931 (-95.7%), from €407,520 to €17,589
- Receivables within one year +€56,982
up €56,982 (+36.6%), from €155,558 to €212,540
of which Other amounts receivable: +€62,669
- Tangible fixed assets -€21,826
down €21,826 (-3.7%), from €594,654 to €572,828
- Short-term financial debts -€305,000
no longer reported in 2025 (was €305,000)
- Other debts -€88,456
down €88,456 (-17.5%), from €506,407 to €417,951
- Reserves +€26,351
up €26,351 (+8.1%), from €327,114 to €353,465
of which Distributable reserves: +€26,351
- Tax, wage and social debts +€22,560
up €22,560 (+178.9%), from €12,612 to €35,172
- Gross operating margin +€12,213
up €12,213 (+10.5%), from €116,801 to €129,014
- Taxes +€6,491
up €6,491 (+26.0%), from €24,965 to €31,456
- Financial income +€6,137
new in 2025: €6,137
- Financial charges +€4,258
up €4,258 (+45.0%), from €9,470 to €13,728
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 | €1,333,674 | €989,004 | -€344,670 | -25.8% |
| Fixed assets | 21/28 | €613,164 | €591,338 | -€21,826 | -3.6% |
| Tangible fixed assets | 22/27 | €594,654 | €572,828 | -€21,826 | -3.7% |
| Land and buildings | 22 | €594,654 | €572,828 | -€21,826 | -3.7% |
| Financial fixed assets | 28 | €18,510 | €18,510 | = | 0.0% |
| Current assets | 29/58 | €720,510 | €397,666 | -€322,845 | -44.8% |
| Stocks and contracts in progress | 3 | €407,520 | €17,589 | -€389,931 | -95.7% |
| Stocks | 30/36 | €407,520 | €17,589 | -€389,931 | -95.7% |
| Amounts receivable within one year | 40/41 | €155,558 | €212,540 | +€56,982 | +36.6% |
| Trade receivables | 40 | €5,687 | - | -€5,687 | |
| Other amounts receivable | 41 | €149,871 | €212,540 | +€62,669 | +41.8% |
| Current investments | 50/53 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €156,864 | €167,535 | +€10,671 | +6.8% |
| Deferred charges and accrued income | 490/1 | €566 | - | -€566 | |
| Total equity and liabilities | 10/49 | €1,333,674 | €989,004 | -€344,670 | -25.8% |
| Equity | 10/15 | €389,114 | €415,465 | +€26,351 | +6.8% |
| 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 | €327,114 | €353,465 | +€26,351 | +8.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €320,914 | €347,265 | +€26,351 | +8.2% |
| Amounts payable | 17/49 | €944,560 | €573,539 | -€371,022 | -39.3% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Financial debts | 170/4 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €824,560 | €453,539 | -€371,022 | -45.0% |
| Financial debts | 43 | €305,000 | - | -€305,000 | |
| Credit institutions | 430/8 | €305,000 | - | -€305,000 | |
| Trade debts | 44 | €540 | €415 | -€125 | -23.2% |
| Suppliers | 440/4 | €540 | €415 | -€125 | -23.2% |
| Taxes, remuneration and social security | 45 | €12,612 | €35,172 | +€22,560 | +178.9% |
| Taxes | 450/3 | €12,612 | €35,172 | +€22,560 | +178.9% |
| Other amounts payable | 47/48 | €506,407 | €417,951 | -€88,456 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,826 | €21,826 | = | 0.0% |
| Other operating charges | 640/8 | €6,526 | €6,706 | +€180 | +2.8% |
| Gross operating margin | 9900 | €116,801 | €129,014 | +€12,213 | +10.5% |
| Operating profit (loss) | 9901 | €88,449 | €100,482 | +€12,033 | +13.6% |
| Financial income | 75/76B | - | €6,137 | +€6,137 | |
| Recurring financial income | 75 | - | €6,137 | +€6,137 | |
| Financial charges | 65/66B | €9,470 | €13,728 | +€4,258 | +45.0% |
| Recurring financial charges | 65 | €9,470 | €13,728 | +€4,258 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €78,979 | €92,891 | +€13,912 | +17.6% |
| Income taxes | 67/77 | €24,965 | €31,456 | +€6,491 | +26.0% |
| Profit (loss) for the period | 9904 | €54,014 | €61,434 | +€7,420 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,014 | €61,434 | +€7,420 | +13.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.