ARCHONIA: 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.
What changed
ARCHONIA
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€57,248
2024 · -€2,161+€59,409
Equity
€1.1m
2024 · €1.0m+€57,248
Cash
€322,012
2024 · €413,865-€91,853
Balance sheet total
€4.2m
2024 · €4.2m+€48,476
Largest movements
Assets
- Cash -€91,853
down €91,853 (-22.2%), from €413,865 to €322,012
mainly Investment in fixed assets (net) (-€339,357) and Stocks and contracts (-€87,870)
- Stocks and contracts +€87,870
up €87,870 (+7.8%), from €1.1m to €1.2m
- Financial fixed assets +€56,650
up €56,650 (+106.3%), from €53,290 to €109,940
- Receivables within one year -€48,417
down €48,417 (-36.6%), from €132,355 to €83,938
of which Other amounts receivable: -€44,397
Equity and liabilities
- Reserves +€56,959
up €56,959 (+6.8%), from €839,041 to €896,000
of which Distributable reserves: +€56,959
Income statement
- Gross operating margin +€183,780
up €183,780 (+20.7%), from €889,578 to €1.1m
- Financial charges +€88,015
up €88,015 (+50.8%), from €173,279 to €261,295
- Staff costs +€51,145
up €51,145 (+10.9%), from €469,634 to €520,779
- Depreciation +€26,311
up €26,311 (+13.1%), from €200,642 to €226,953
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.
Result 2024
-€2,161
Gross operating margin
+€183,780
Staff costs
-€51,145
Depreciation
-€26,311
Other operating charges
+€4,284
Other operating items
+€22,020
Financial income
+€4,829
Financial charges
-€88,015
Taxes
+€9,966
Result 2025
€57,248
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.
From operations
+€256,068
Investment
-€339,357
Financing
-€8,563
Cash 2024
€413,865
From operations (derived)
+€256,068
Net result for the year
+€57,248
Depreciation
+€226,953
Stocks and contracts
-€87,870
Receivables within one year
+€48,417
Deferred charges and accrued income
+€11,529
Trade debts
-€40,973
Tax, wage and social debts
+€2,892
Advances received
+€21,359
Other debts
+€16,860
Accrued charges and deferred income
-€347
Investment (derived)
-€339,357
Investment in fixed assets (net)
-€339,357
Financing
-€8,563
Debts after one year
-€12,142
Current portion of long-term debt
+€4,789
Short-term financial debts
-€1,211
Cash 2025
€322,012
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,177,962 | €4,226,438 | +€48,476 | +1.2% |
| Fixed assets | 21/28 | €2,480,524 | €2,592,929 | +€112,405 | +4.5% |
| Intangible fixed assets | 21 | €262,074 | €297,795 | +€35,720 | +13.6% |
| Tangible fixed assets | 22/27 | €2,165,160 | €2,185,195 | +€20,035 | +0.9% |
| Land and buildings | 22 | €1,900,026 | €1,926,301 | +€26,275 | +1.4% |
| Plant, machinery and equipment | 23 | €258,039 | €254,722 | -€3,317 | -1.3% |
| Furniture and vehicles | 24 | €7,095 | €4,172 | -€2,924 | -41.2% |
| Financial fixed assets | 28 | €53,290 | €109,940 | +€56,650 | +106.3% |
| Current assets | 29/58 | €1,697,437 | €1,633,509 | -€63,928 | -3.8% |
| Stocks and contracts in progress | 3 | €1,119,829 | €1,207,699 | +€87,870 | +7.8% |
| Stocks | 30/36 | €1,119,829 | €1,207,699 | +€87,870 | +7.8% |
| Amounts receivable within one year | 40/41 | €132,355 | €83,938 | -€48,417 | -36.6% |
| Trade receivables | 40 | €58,215 | €54,194 | -€4,021 | -6.9% |
| Other amounts receivable | 41 | €74,140 | €29,744 | -€44,397 | -59.9% |
| Cash at bank and in hand | 54/58 | €413,865 | €322,012 | -€91,853 | -22.2% |
| Deferred charges and accrued income | 490/1 | €31,388 | €19,860 | -€11,529 | -36.7% |
| Total equity and liabilities | 10/49 | €4,177,962 | €4,226,438 | +€48,476 | +1.2% |
| Equity | 10/15 | €1,022,435 | €1,079,683 | +€57,248 | +5.6% |
| Contributions | 10/11 | €183,394 | €183,394 | = | 0.0% |
| Capital | 10 | €110,626 | €110,626 | = | 0.0% |
| Issued capital | 100 | €110,626 | €110,626 | = | 0.0% |
| Contributions outside capital | 11 | €72,768 | €72,768 | = | 0.0% |
| Share premium | 1100/10 | €72,768 | €72,768 | = | 0.0% |
| Reserves | 13 | €839,041 | €896,000 | +€56,959 | +6.8% |
| Non-distributable reserves | 130/1 | €403,445 | €403,445 | = | 0.0% |
| Legal reserve | 130 | €11,063 | €11,063 | = | 0.0% |
| Other | 1319 | €392,383 | €392,383 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,348 | €14,348 | = | 0.0% |
| Distributable reserves | 133 | €421,248 | €478,207 | +€56,959 | +13.5% |
| Profit (loss) carried forward | 14 | - | €289 | +€289 | |
| Amounts payable | 17/49 | €3,155,527 | €3,146,755 | -€8,772 | -0.3% |
| Amounts payable after more than one year | 17 | €1,879,767 | €1,867,625 | -€12,142 | -0.6% |
| Financial debts | 170/4 | €1,879,767 | €1,867,625 | -€12,142 | -0.6% |
| Amounts payable within one year | 42/48 | €1,271,104 | €1,274,822 | +€3,717 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €117,423 | €122,212 | +€4,789 | +4.1% |
| Financial debts | 43 | €134,800 | €133,589 | -€1,211 | -0.9% |
| Credit institutions | 430/8 | €134,800 | €133,589 | -€1,211 | -0.9% |
| Trade debts | 44 | €357,760 | €316,787 | -€40,973 | -11.5% |
| Suppliers | 440/4 | €357,760 | €316,787 | -€40,973 | -11.5% |
| Advances received on contracts in progress | 46 | €425,181 | €446,540 | +€21,359 | +5.0% |
| Taxes, remuneration and social security | 45 | €173,935 | €176,827 | +€2,892 | +1.7% |
| Taxes | 450/3 | €132,300 | €128,546 | -€3,754 | -2.8% |
| Remuneration and social security | 454/9 | €41,635 | €48,281 | +€6,646 | +16.0% |
| Other amounts payable | 47/48 | €62,007 | €78,867 | +€16,860 | +27.2% |
| Accrued charges and deferred income | 492/3 | €4,656 | €4,308 | -€347 | -7.5% |
| Remuneration, social security and pensions | 62 | €469,634 | €520,779 | +€51,145 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,642 | €226,953 | +€26,311 | +13.1% |
| Other operating charges | 640/8 | €20,927 | €16,643 | -€4,284 | -20.5% |
| Non-recurring operating charges | 66A | €22,020 | - | -€22,020 | |
| Gross operating margin | 9900 | €889,578 | €1,073,358 | +€183,780 | +20.7% |
| Operating profit (loss) | 9901 | €176,355 | €308,984 | +€132,629 | +75.2% |
| Financial income | 75/76B | €11,093 | €15,921 | +€4,829 | +43.5% |
| Recurring financial income | 75 | €11,093 | €15,921 | +€4,829 | +43.5% |
| Financial charges | 65/66B | €173,279 | €261,295 | +€88,015 | +50.8% |
| Recurring financial charges | 65 | €173,279 | €261,295 | +€88,015 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €14,168 | €63,610 | +€49,443 | +349.0% |
| Income taxes | 67/77 | €16,328 | €6,362 | -€9,966 | -61.0% |
| Profit (loss) for the period | 9904 | -€2,161 | €57,248 | +€59,409 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,161 | €57,248 | +€59,409 |
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 11 October 2026 via checked.be.