ARCHYBALD: 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.
ARCHYBALD
Largest movements
- Receivables after one year -€38,943
down €38,943 (-23.1%), from €168,385 to €129,442
- Receivables within one year +€23,206
new in 2025: €23,206
of which Other amounts receivable: +€23,194
- Cash -€7,631
down €7,631 (-5.7%), from €133,070 to €125,439
mainly Contributions, distributions and other (-€40,993) and Receivables within one year (-€23,206)
- Tangible fixed assets -€5,625
down €5,625 (-60.1%), from €9,362 to €3,737
of which Furniture and vehicles: -€2,945
- Current portion of long-term debt +€14,230
up €14,230 (+94.9%), from €15,000 to €29,230
- Reserves -€14,154
down €14,154 (-6.2%), from €227,034 to €212,880
- Tax, wage and social debts -€11,512
down €11,512 (-57.3%), from €20,074 to €8,562
- Other debts -€10,629
down €10,629 (-81.9%), from €12,982 to €2,353
- Accrued charges and deferred income -€5,906
down €5,906 (-30.9%), from €19,090 to €13,185
- Gross operating margin -€50,803
down €50,803 (-54.0%), from €94,083 to €43,280
- Taxes -€8,653
down €8,653 (-36.7%), from €23,562 to €14,909
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 | €310,817 | €282,972 | -€27,845 | -9.0% |
| Fixed assets | 21/28 | €9,362 | €3,737 | -€5,625 | -60.1% |
| Tangible fixed assets | 22/27 | €9,362 | €3,737 | -€5,625 | -60.1% |
| Land and buildings | 22 | €5,649 | €2,969 | -€2,680 | -47.4% |
| Furniture and vehicles | 24 | €3,714 | €768 | -€2,945 | -79.3% |
| Current assets | 29/58 | €301,455 | €279,235 | -€22,220 | -7.4% |
| Amounts receivable after more than one year | 29 | €168,385 | €129,442 | -€38,943 | -23.1% |
| Other amounts receivable | 291 | €168,385 | €129,442 | -€38,943 | -23.1% |
| Amounts receivable within one year | 40/41 | - | €23,206 | +€23,206 | |
| Trade receivables | 40 | - | €12 | +€12 | |
| Other amounts receivable | 41 | - | €23,194 | +€23,194 | |
| Cash at bank and in hand | 54/58 | €133,070 | €125,439 | -€7,631 | -5.7% |
| Deferred charges and accrued income | 490/1 | - | €1,149 | +€1,149 | |
| Total equity and liabilities | 10/49 | €310,817 | €282,972 | -€27,845 | -9.0% |
| Equity | 10/15 | €239,434 | €225,280 | -€14,154 | -5.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €227,034 | €212,880 | -€14,154 | -6.2% |
| Distributable reserves | 133 | €227,034 | €212,880 | -€14,154 | -6.2% |
| Amounts payable | 17/49 | €71,384 | €57,692 | -€13,692 | -19.2% |
| Amounts payable within one year | 42/48 | €52,293 | €44,507 | -€7,786 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €29,230 | +€14,230 | +94.9% |
| Trade debts | 44 | €4,238 | €4,363 | +€125 | +2.9% |
| Suppliers | 440/4 | €4,238 | €4,363 | +€125 | +2.9% |
| Taxes, remuneration and social security | 45 | €20,074 | €8,562 | -€11,512 | -57.3% |
| Taxes | 450/3 | €20,074 | €8,562 | -€11,512 | -57.3% |
| Other amounts payable | 47/48 | €12,982 | €2,353 | -€10,629 | -81.9% |
| Accrued charges and deferred income | 492/3 | €19,090 | €13,185 | -€5,906 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,713 | €5,625 | -€87 | -1.5% |
| Other operating charges | 640/8 | €1,431 | €1,552 | +€122 | +8.5% |
| Gross operating margin | 9900 | €94,083 | €43,280 | -€50,803 | -54.0% |
| Operating profit (loss) | 9901 | €86,939 | €36,102 | -€50,837 | -58.5% |
| Financial income | 75/76B | €5,562 | €6,038 | +€476 | +8.6% |
| Recurring financial income | 75 | €5,562 | €6,038 | +€476 | +8.6% |
| Financial charges | 65/66B | - | €392 | +€392 | |
| Recurring financial charges | 65 | - | €392 | +€392 | |
| Profit (loss) for the period before taxes | 9903 | €92,502 | €41,748 | -€50,753 | -54.9% |
| Income taxes | 67/77 | €23,562 | €14,909 | -€8,653 | -36.7% |
| Profit (loss) for the period | 9904 | €68,940 | €26,839 | -€42,101 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,940 | €26,839 | -€42,101 | -61.1% |
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 14 October 2026 via checked.be.