ARCHIMEDES 21: 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 21
Largest movements
- Intangible fixed assets +€5.3m
new in 2025: €5.3m
- Financial fixed assets -€5.2m
down €5.2m (-49.5%), from €10.5m to €5.3m
- Tangible fixed assets +€748,598
new in 2025: €748,598
of which Land and buildings: +€511,600
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Reserves +€1.2m
up €1.2m (+29.0%), from €4.3m to €5.5m
of which Distributable reserves: +€1.3m
- Debts after one year -€445,385
down €445,385 (-9.5%), from €4.7m to €4.2m
of which Financial debts: -€645,385
- Other debts -€170,000
no longer reported in 2025 (was €170,000)
- Accrued charges and deferred income -€114,597
down €114,597 (-85.4%), from €134,238 to €19,641
- Financial income +€3.3m
new in 2025: €3.3m
- Depreciation +€2.4m
new in 2025: €2.4m
- Gross operating margin +€434,743
up €434,743 (+92.1%), from €471,977 to €906,720
- Taxes +€66,586
up €66,586 (+123%), from €54,158 to €120,744
- Financial charges +€55,441
up €55,441 (+27.3%), from €202,804 to €258,245
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,730,713 | €11,373,881 | +€643,168 | +6.0% |
| Fixed assets | 21/28 | €10,500,055 | €11,348,482 | +€848,427 | +8.1% |
| Intangible fixed assets | 21 | - | €5,299,829 | +€5.3m | |
| Tangible fixed assets | 22/27 | - | €748,598 | +€748,598 | |
| Land and buildings | 22 | - | €511,600 | +€511,600 | |
| Plant, machinery and equipment | 23 | - | €207,920 | +€207,920 | |
| Furniture and vehicles | 24 | - | €29,079 | +€29,079 | |
| Financial fixed assets | 28 | €10,500,055 | €5,300,055 | -€5.2m | -49.5% |
| Current assets | 29/58 | €230,658 | €25,399 | -€205,259 | -89.0% |
| Amounts receivable within one year | 40/41 | €107 | €7,532 | +€7,425 | +6,968% |
| Trade receivables | 40 | €107 | €85 | -€21 | -20.1% |
| Other amounts receivable | 41 | - | €7,447 | +€7,447 | |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €105,218 | €16,215 | -€89,003 | -84.6% |
| Deferred charges and accrued income | 490/1 | €334 | €1,653 | +€1,319 | +395% |
| Total equity and liabilities | 10/49 | €10,730,713 | €11,373,881 | +€643,168 | +6.0% |
| Equity | 10/15 | €5,369,636 | €6,646,409 | +€1.3m | +23.8% |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Reserves | 13 | €4,269,000 | €5,506,261 | +€1.2m | +29.0% |
| Non-distributable reserves | 130/1 | €125,000 | - | -€125,000 | |
| Own shares acquired | 1312 | €125,000 | - | -€125,000 | |
| Tax-exempt reserves | 132 | - | €91,261 | +€91,261 | |
| Distributable reserves | 133 | €4,144,000 | €5,415,000 | +€1.3m | +30.7% |
| Profit (loss) carried forward | 14 | €636 | €668 | +€31 | +4.9% |
| Investment grants | 15 | - | €39,480 | +€39,480 | |
| Provisions and deferred taxes | 16 | - | €30,420 | +€30,420 | |
| Deferred taxes | 168 | - | €30,420 | +€30,420 | |
| Amounts payable | 17/49 | €5,361,077 | €4,697,052 | -€664,025 | -12.4% |
| Amounts payable after more than one year | 17 | €4,680,897 | €4,235,512 | -€445,385 | -9.5% |
| Financial debts | 170/4 | €2,780,897 | €2,135,512 | -€645,385 | -23.2% |
| Other amounts payable | 178/9 | €1,900,000 | €2,100,000 | +€200,000 | +10.5% |
| Amounts payable within one year | 42/48 | €545,942 | €441,899 | -€104,043 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €287,856 | €349,222 | +€61,365 | +21.3% |
| Trade debts | 44 | €19 | €2,013 | +€1,994 | +10,685% |
| Suppliers | 440/4 | €19 | €2,013 | +€1,994 | +10,685% |
| Taxes, remuneration and social security | 45 | €88,067 | €90,665 | +€2,598 | +2.9% |
| Taxes | 450/3 | €79,966 | €84,943 | +€4,977 | +6.2% |
| Remuneration and social security | 454/9 | €8,100 | €5,722 | -€2,379 | -29.4% |
| Other amounts payable | 47/48 | €170,000 | - | -€170,000 | |
| Accrued charges and deferred income | 492/3 | €134,238 | €19,641 | -€114,597 | -85.4% |
| Remuneration, social security and pensions | 62 | €54,125 | €86,911 | +€32,786 | +60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,353,916 | +€2.4m | |
| Other operating charges | 640/8 | €435 | €18,467 | +€18,032 | +4,149% |
| Gross operating margin | 9900 | €471,977 | €906,720 | +€434,743 | +92.1% |
| Operating profit (loss) | 9901 | €417,418 | -€1,552,574 | -€2.0m | |
| Financial income | 75/76B | - | €3,319,542 | +€3.3m | |
| Recurring financial income | 75 | - | €3,319,542 | +€3.3m | |
| Financial charges | 65/66B | €202,804 | €258,245 | +€55,441 | +27.3% |
| Recurring financial charges | 65 | €202,804 | €258,245 | +€55,441 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €214,614 | €1,508,723 | +€1.3m | +603% |
| Transfer from deferred taxes | 780 | - | €5,764 | +€5,764 | |
| Income taxes | 67/77 | €54,158 | €120,744 | +€66,586 | +123% |
| Profit (loss) for the period | 9904 | €160,456 | €1,393,743 | +€1.2m | +769% |
| Transfer from tax-exempt reserves | 789 | - | €17,292 | +€17,292 | |
| Profit (loss) for the period to be appropriated | 9905 | €160,456 | €1,411,036 | +€1.3m | +779% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.