ETIENNE ARCHAMBEAU: 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.
ETIENNE ARCHAMBEAU
Largest movements
- Cash +€21,095
up €21,095 (+35.4%), from €59,574 to €80,669
mainly Other debts (+€50,690) and Net result for the year (+€39,137)
- Receivables after one year -€20,000
down €20,000 (-100%), from €20,000 to €0
- Receivables within one year -€6,616
down €6,616 (-31.1%), from €21,304 to €14,688
of which Other amounts receivable: -€6,072
- Deferred charges and accrued income -€1,341
no longer reported in 2025 (was €1,341)
- Reserves -€71,000
down €71,000 (-100%), from €71,000 to €0
- Other debts +€50,690
new in 2025: €50,690
- Tax, wage and social debts +€14,788
up €14,788 (+55.8%), from €26,510 to €41,298
- Trade debts -€1,477
down €1,477 (-49.9%), from €2,964 to €1,486
- Gross operating margin +€1,470
up €1,470 (+2.8%), from €52,798 to €54,269
- Taxes +€1,232
up €1,232 (+10.1%), from €12,188 to €13,421
- Financial income -€921
down €921 (-55.8%), from €1,652 to €731
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 | €102,219 | €95,357 | -€6,862 | -6.7% |
| Current assets | 29/58 | €102,219 | €95,357 | -€6,862 | -6.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts receivable | 291 | €20,000 | - | -€20,000 | |
| Amounts receivable within one year | 40/41 | €21,304 | €14,688 | -€6,616 | -31.1% |
| Trade receivables | 40 | €15,232 | €14,688 | -€544 | -3.6% |
| Other amounts receivable | 41 | €6,072 | - | -€6,072 | |
| Cash at bank and in hand | 54/58 | €59,574 | €80,669 | +€21,095 | +35.4% |
| Deferred charges and accrued income | 490/1 | €1,341 | - | -€1,341 | |
| Total equity and liabilities | 10/49 | €102,219 | €95,357 | -€6,862 | -6.7% |
| Equity | 10/15 | €72,745 | €1,882 | -€70,863 | -97.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €71,000 | €0 | -€71,000 | -100% |
| Distributable reserves | 133 | €71,000 | - | -€71,000 | |
| Profit (loss) carried forward | 14 | €745 | €882 | +€137 | +18.3% |
| Amounts payable | 17/49 | €29,474 | €93,475 | +€64,001 | +217% |
| Amounts payable within one year | 42/48 | €29,474 | €93,475 | +€64,001 | +217% |
| Trade debts | 44 | €2,964 | €1,486 | -€1,477 | -49.9% |
| Suppliers | 440/4 | €2,964 | €1,486 | -€1,477 | -49.9% |
| Taxes, remuneration and social security | 45 | €26,510 | €41,298 | +€14,788 | +55.8% |
| Taxes | 450/3 | €26,510 | €41,298 | +€14,788 | +55.8% |
| Other amounts payable | 47/48 | - | €50,690 | +€50,690 | |
| Other operating charges | 640/8 | €368 | €496 | +€128 | +34.8% |
| Gross operating margin | 9900 | €52,798 | €54,269 | +€1,470 | +2.8% |
| Operating profit (loss) | 9901 | €52,430 | €53,773 | +€1,342 | +2.6% |
| Financial income | 75/76B | €1,652 | €731 | -€921 | -55.8% |
| Recurring financial income | 75 | €1,652 | €731 | -€921 | -55.8% |
| Financial charges | 65/66B | €1,658 | €1,946 | +€289 | +17.4% |
| Recurring financial charges | 65 | €1,658 | €1,946 | +€289 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €52,424 | €52,557 | +€133 | +0.3% |
| Income taxes | 67/77 | €12,188 | €13,421 | +€1,232 | +10.1% |
| Profit (loss) for the period | 9904 | €40,236 | €39,137 | -€1,099 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,236 | €39,137 | -€1,099 | -2.7% |
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 30 October 2026 via checked.be.