ARCHIMEDES: 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.
ARCHIMEDES
Largest movements
- Cash +€1.0m
up €1.0m (+1,679%), from €60,970 to €1.1m
mainly Net result for the year (+€665,143) and Other debts (+€397,918)
- Financial fixed assets +€400,000
new in 2025: €400,000
- Tangible fixed assets -€177,869
down €177,869 (-100%), from €177,869 to €0
of which Land and buildings: -€176,897
- Reserves +€665,143
up €665,143 (+340%), from €195,582 to €860,725
of which Tax-exempt reserves: +€663,091
- Other debts +€397,918
up €397,918 (+11,358%), from €3,503 to €401,422
- Provisions +€221,030
new in 2025: €221,030
- Debts after one year -€42,797
down €42,797 (-43.8%), from €97,750 to €54,953
of which Other amounts payable: -€35,000
- Gross operating margin +€836,732
up €836,732 (+1,412%), from €59,248 to €895,980
- Depreciation -€15,248
down €15,248 (-100%), from €15,248 to €0
- Taxes -€9,070
down €9,070 (-89.2%), from €10,168 to €1,098
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 | €329,790 | €1,575,820 | +€1.2m | +378% |
| Fixed assets | 21/28 | €177,869 | €400,000 | +€222,131 | +125% |
| Tangible fixed assets | 22/27 | €177,869 | €0 | -€177,869 | -100% |
| Land and buildings | 22 | €176,897 | €0 | -€176,897 | -100% |
| Plant, machinery and equipment | 23 | €972 | €0 | -€972 | -100% |
| Financial fixed assets | 28 | - | €400,000 | +€400,000 | |
| Current assets | 29/58 | €151,921 | €1,175,820 | +€1.0m | +674% |
| Amounts receivable within one year | 40/41 | €90,624 | €91,262 | +€638 | +0.7% |
| Trade receivables | 40 | €90,624 | €86,360 | -€4,264 | -4.7% |
| Other amounts receivable | 41 | €0 | €4,902 | +€4,902 | |
| Cash at bank and in hand | 54/58 | €60,970 | €1,084,558 | +€1.0m | +1,679% |
| Deferred charges and accrued income | 490/1 | €327 | €0 | -€327 | -100% |
| Total equity and liabilities | 10/49 | €329,790 | €1,575,820 | +€1.2m | +378% |
| Equity | 10/15 | €214,174 | €879,317 | +€665,143 | +311% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €195,582 | €860,725 | +€665,143 | +340% |
| Tax-exempt reserves | 132 | - | €663,091 | +€663,091 | |
| Distributable reserves | 133 | €195,582 | €197,634 | +€2,052 | +1.0% |
| Provisions and deferred taxes | 16 | - | €221,030 | +€221,030 | |
| Deferred taxes | 168 | - | €221,030 | +€221,030 | |
| Amounts payable | 17/49 | €115,616 | €475,472 | +€359,856 | +311% |
| Amounts payable after more than one year | 17 | €97,750 | €54,953 | -€42,797 | -43.8% |
| Financial debts | 170/4 | €27,873 | €20,076 | -€7,797 | -28.0% |
| Other amounts payable | 178/9 | €69,877 | €34,877 | -€35,000 | -50.1% |
| Amounts payable within one year | 42/48 | €17,866 | €420,520 | +€402,653 | +2,254% |
| Current portion of amounts payable after more than one year | 42 | €7,514 | €7,797 | +€283 | +3.8% |
| Trade debts | 44 | €1,652 | €6,728 | +€5,076 | +307% |
| Suppliers | 440/4 | €1,652 | €6,728 | +€5,076 | +307% |
| Taxes, remuneration and social security | 45 | €5,197 | €4,573 | -€623 | -12.0% |
| Taxes | 450/3 | €5,197 | €4,573 | -€623 | -12.0% |
| Other amounts payable | 47/48 | €3,503 | €401,422 | +€397,918 | +11,358% |
| Non-recurring operating income | 76A | - | €911,131 | +€911,131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,248 | €0 | -€15,248 | -100% |
| Other operating charges | 640/8 | €1,707 | €1,727 | +€20 | +1.2% |
| Gross operating margin | 9900 | €59,248 | €895,980 | +€836,732 | +1,412% |
| Operating profit (loss) | 9901 | €42,294 | €894,253 | +€851,959 | +2,014% |
| Financial charges | 65/66B | €5,305 | €6,982 | +€1,677 | +31.6% |
| Recurring financial charges | 65 | €5,305 | €6,982 | +€1,677 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €36,989 | €887,271 | +€850,282 | +2,299% |
| Transfer to deferred taxes | 680 | - | €221,030 | +€221,030 | |
| Income taxes | 67/77 | €10,168 | €1,098 | -€9,070 | -89.2% |
| Profit (loss) for the period | 9904 | €26,821 | €665,143 | +€638,321 | +2,380% |
| Transfer to tax-exempt reserves | 689 | - | €663,091 | +€663,091 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,821 | €2,052 | -€24,769 | -92.3% |
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 23 October 2026 via checked.be.