ARCHIPEL: 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.
ARCHIPEL
Largest movements
- Tangible fixed assets -€19,617
down €19,617 (-36.4%), from €53,934 to €34,317
of which Land and buildings: -€10,538
- Cash -€18,130
down €18,130 (-47.1%), from €38,483 to €20,353
mainly Receivables within one year (-€11,563) and Trade debts (-€8,402)
- Receivables within one year +€11,563
up €11,563 (+36.2%), from €31,959 to €43,522
of which Trade receivables: +€8,949
- Trade debts -€8,402
down €8,402 (-61.5%), from €13,657 to €5,256
- Other debts -€8,073
down €8,073 (-27.2%), from €29,721 to €21,648
- Profit (loss) carried forward -€6,421
down €6,421 (-427%), from -€1,503 to -€7,924
- Tax, wage and social debts -€5,402
down €5,402 (-92.7%), from €5,827 to €425
of which Taxes: -€5,827
- Advances received +€2,300
new in 2025: €2,300
- Gross operating margin +€12,108
up €12,108 (+96.9%), from €12,497 to €24,605
- Other operating charges +€5,619
up €5,619 (+181%), from €3,098 to €8,717
- Write-downs +€1,685
new in 2025: €1,685
- Staff costs +€889
new in 2025: €889
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 | €151,179 | €125,181 | -€25,998 | -17.2% |
| Fixed assets | 21/28 | €54,204 | €34,587 | -€19,617 | -36.2% |
| Tangible fixed assets | 22/27 | €53,934 | €34,317 | -€19,617 | -36.4% |
| Land and buildings | 22 | €21,090 | €10,552 | -€10,538 | -50.0% |
| Plant, machinery and equipment | 23 | €18,965 | €14,051 | -€4,914 | -25.9% |
| Furniture and vehicles | 24 | €13,880 | €9,714 | -€4,165 | -30.0% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €96,974 | €90,594 | -€6,381 | -6.6% |
| Stocks and contracts in progress | 3 | €26,533 | €26,720 | +€187 | +0.7% |
| Stocks | 30/36 | €16,179 | €21,720 | +€5,541 | +34.2% |
| Contracts in progress | 37 | €10,354 | €5,000 | -€5,354 | -51.7% |
| Amounts receivable within one year | 40/41 | €31,959 | €43,522 | +€11,563 | +36.2% |
| Trade receivables | 40 | €31,389 | €40,338 | +€8,949 | +28.5% |
| Other amounts receivable | 41 | €570 | €3,183 | +€2,613 | +458% |
| Cash at bank and in hand | 54/58 | €38,483 | €20,353 | -€18,130 | -47.1% |
| Total equity and liabilities | 10/49 | €151,179 | €125,181 | -€25,998 | -17.2% |
| Equity | 10/15 | €101,973 | €95,553 | -€6,421 | -6.3% |
| Contributions | 10/11 | €61,999 | €61,999 | = | 0.0% |
| Reserves | 13 | €41,477 | €41,477 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €21,477 | €21,477 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,503 | -€7,924 | -€6,421 | -427% |
| Amounts payable | 17/49 | €49,205 | €29,628 | -€19,577 | -39.8% |
| Amounts payable within one year | 42/48 | €49,205 | €29,628 | -€19,577 | -39.8% |
| Trade debts | 44 | €13,657 | €5,256 | -€8,402 | -61.5% |
| Suppliers | 440/4 | €13,657 | €5,256 | -€8,402 | -61.5% |
| Advances received on contracts in progress | 46 | - | €2,300 | +€2,300 | |
| Taxes, remuneration and social security | 45 | €5,827 | €425 | -€5,402 | -92.7% |
| Taxes | 450/3 | €5,827 | - | -€5,827 | |
| Remuneration and social security | 454/9 | - | €425 | +€425 | |
| Other amounts payable | 47/48 | €29,721 | €21,648 | -€8,073 | -27.2% |
| Remuneration, social security and pensions | 62 | - | €889 | +€889 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,617 | €19,617 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,685 | +€1,685 | |
| Other operating charges | 640/8 | €3,098 | €8,717 | +€5,619 | +181% |
| Gross operating margin | 9900 | €12,497 | €24,605 | +€12,108 | +96.9% |
| Operating profit (loss) | 9901 | -€10,219 | -€6,305 | +€3,914 | +38.3% |
| Financial income | 75/76B | €6 | €0 | -€6 | -97.8% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -97.8% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €70 | €116 | +€45 | +64.6% |
| Recurring financial charges | 65 | €70 | €116 | +€45 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,283 | -€6,421 | +€3,862 | +37.6% |
| Income taxes | 67/77 | -€100 | - | +€100 | |
| Profit (loss) for the period | 9904 | -€10,183 | -€6,421 | +€3,762 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,183 | -€6,421 | +€3,762 | +36.9% |
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 16 October 2026 via checked.be.