ARCHIMIGNON: 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.
ARCHIMIGNON
Largest movements
- Tangible fixed assets -€383,133
down €383,133 (-46.7%), from €820,384 to €437,251
of which Land and buildings: -€385,666
- Cash -€66,061
down €66,061 (-10.0%), from €659,157 to €593,096
mainly Contributions, distributions and other (-€355,300) and Debts after one year (-€323,981)
- Stocks and contracts -€18,558
no longer reported in 2025 (was €18,558)
- Debts after one year -€323,981
down €323,981 (-60.8%), from €532,657 to €208,677
- Reserves -€176,500
down €176,500 (-21.3%), from €828,060 to €651,560
- Other debts +€26,417
up €26,417 (+1205.5%), from €2,191 to €28,608
- Current portion of long-term debt -€17,685
down €17,685 (-60.6%), from €29,180 to €11,495
- Depreciation -€18,684
down €18,684 (-49.7%), from €37,612 to €18,928
- Write-downs +€18,558
new in 2025: €18,558
- Gross operating margin -€13,788
down €13,788 (-3.6%), from €387,307 to €373,519
- Taxes -€8,996
down €8,996 (-10.0%), from €90,221 to €81,226
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 | €1,528,161 | €1,049,857 | -€478,304 | -31.3% |
| Fixed assets | 21/28 | €825,092 | €437,251 | -€387,841 | -47.0% |
| Intangible fixed assets | 21 | €4,708 | - | -€4,708 | |
| Tangible fixed assets | 22/27 | €820,384 | €437,251 | -€383,133 | -46.7% |
| Land and buildings | 22 | €722,762 | €337,096 | -€385,666 | -53.4% |
| Furniture and vehicles | 24 | €16,728 | €13,801 | -€2,928 | -17.5% |
| Other tangible fixed assets | 26 | €80,894 | €86,354 | +€5,460 | +6.7% |
| Current assets | 29/58 | €703,069 | €612,607 | -€90,462 | -12.9% |
| Stocks and contracts in progress | 3 | €18,558 | - | -€18,558 | |
| Stocks | 30/36 | €18,558 | - | -€18,558 | |
| Amounts receivable within one year | 40/41 | €9,128 | €15,890 | +€6,762 | +74.1% |
| Trade receivables | 40 | €6,248 | €3,857 | -€2,391 | -38.3% |
| Other amounts receivable | 41 | €2,880 | €12,033 | +€9,153 | +317.8% |
| Cash at bank and in hand | 54/58 | €659,157 | €593,096 | -€66,061 | -10.0% |
| Deferred charges and accrued income | 490/1 | €16,226 | €3,620 | -€12,606 | -77.7% |
| Total equity and liabilities | 10/49 | €1,528,161 | €1,049,857 | -€478,304 | -31.3% |
| Equity | 10/15 | €905,364 | €735,495 | -€169,869 | -18.8% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €828,060 | €651,560 | -€176,500 | -21.3% |
| Distributable reserves | 133 | €828,060 | €651,560 | -€176,500 | -21.3% |
| Profit (loss) carried forward | 14 | €64,904 | €65,335 | +€431 | +0.7% |
| Amounts payable | 17/49 | €622,798 | €314,363 | -€308,435 | -49.5% |
| Amounts payable after more than one year | 17 | €532,657 | €208,677 | -€323,981 | -60.8% |
| Financial debts | 170/4 | €532,657 | €208,677 | -€323,981 | -60.8% |
| Amounts payable within one year | 42/48 | €89,959 | €105,536 | +€15,576 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €29,180 | €11,495 | -€17,685 | -60.6% |
| Trade debts | 44 | €10,460 | €6,470 | -€3,989 | -38.1% |
| Suppliers | 440/4 | €10,460 | €6,470 | -€3,989 | -38.1% |
| Taxes, remuneration and social security | 45 | €48,128 | €58,962 | +€10,833 | +22.5% |
| Taxes | 450/3 | €40,025 | €50,534 | +€10,509 | +26.3% |
| Remuneration and social security | 454/9 | €8,104 | €8,427 | +€324 | +4.0% |
| Other amounts payable | 47/48 | €2,191 | €28,608 | +€26,417 | +1205.5% |
| Accrued charges and deferred income | 492/3 | €181 | €150 | -€30 | -16.8% |
| Remuneration, social security and pensions | 62 | €44,900 | €46,296 | +€1,396 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,612 | €18,928 | -€18,684 | -49.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,558 | +€18,558 | |
| Other operating charges | 640/8 | €3,949 | €4,034 | +€85 | +2.2% |
| Non-recurring operating charges | 66A | - | €5,948 | +€5,948 | |
| Gross operating margin | 9900 | €387,307 | €373,519 | -€13,788 | -3.6% |
| Operating profit (loss) | 9901 | €300,846 | €279,756 | -€21,091 | -7.0% |
| Financial income | 75/76B | €711 | €711 | -€1 | -0.1% |
| Recurring financial income | 75 | €711 | €711 | -€1 | -0.1% |
| Financial charges | 65/66B | €12,813 | €13,810 | +€996 | +7.8% |
| Recurring financial charges | 65 | €12,813 | €13,810 | +€996 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €288,744 | €266,657 | -€22,088 | -7.6% |
| Income taxes | 67/77 | €90,221 | €81,226 | -€8,996 | -10.0% |
| Profit (loss) for the period | 9904 | €198,523 | €185,431 | -€13,092 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €198,523 | €185,431 | -€13,092 | -6.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.