Hello Archie: 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.
Hello Archie
Largest movements
- Stocks and contracts +€162,533
up €162,533 (+34.3%), from €473,520 to €636,053
- Receivables within one year +€20,378
up €20,378 (+57.0%), from €35,750 to €56,128
of which Trade receivables: +€11,987
- Cash +€13,248
up €13,248 (+5.1%), from €259,390 to €272,638
mainly Trade debts (+€121,098) and Other debts (+€32,469)
- Trade debts +€121,098
up €121,098 (+25.2%), from €480,421 to €601,518
- Other debts +€32,469
up €32,469 (+15.2%), from €213,822 to €246,292
- Tax, wage and social debts +€32,427
up €32,427 (+15.2%), from €212,895 to €245,322
of which Taxes: +€22,136
- Gross operating margin +€89,435
up €89,435 (+126%), from €70,848 to €160,283
- Staff costs +€44,581
up €44,581 (+41.8%), from €106,743 to €151,323
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 | €778,581 | €973,148 | +€194,567 | +25.0% |
| Fixed assets | 21/28 | €9,498 | €7,834 | -€1,663 | -17.5% |
| Intangible fixed assets | 21 | €1,274 | €774 | -€500 | -39.2% |
| Tangible fixed assets | 22/27 | €4,278 | €3,115 | -€1,163 | -27.2% |
| Plant, machinery and equipment | 23 | €4,278 | €3,115 | -€1,163 | -27.2% |
| Financial fixed assets | 28 | €3,945 | €3,945 | = | 0.0% |
| Current assets | 29/58 | €769,083 | €965,314 | +€196,231 | +25.5% |
| Stocks and contracts in progress | 3 | €473,520 | €636,053 | +€162,533 | +34.3% |
| Stocks | 30/36 | €473,520 | €636,053 | +€162,533 | +34.3% |
| Amounts receivable within one year | 40/41 | €35,750 | €56,128 | +€20,378 | +57.0% |
| Trade receivables | 40 | €28,677 | €40,665 | +€11,987 | +41.8% |
| Other amounts receivable | 41 | €7,073 | €15,463 | +€8,391 | +119% |
| Cash at bank and in hand | 54/58 | €259,390 | €272,638 | +€13,248 | +5.1% |
| Deferred charges and accrued income | 490/1 | €424 | €495 | +€71 | +16.9% |
| Total equity and liabilities | 10/49 | €778,581 | €973,148 | +€194,567 | +25.0% |
| Equity | 10/15 | -€308,557 | -€299,984 | +€8,573 | +2.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€311,057 | -€302,484 | +€8,573 | +2.8% |
| Amounts payable | 17/49 | €1,087,138 | €1,273,132 | +€185,994 | +17.1% |
| Amounts payable after more than one year | 17 | €180,000 | €180,000 | = | 0.0% |
| Financial debts | 170/4 | €180,000 | €180,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €907,138 | €1,093,132 | +€185,994 | +20.5% |
| Trade debts | 44 | €480,421 | €601,518 | +€121,098 | +25.2% |
| Suppliers | 440/4 | €480,421 | €601,518 | +€121,098 | +25.2% |
| Taxes, remuneration and social security | 45 | €212,895 | €245,322 | +€32,427 | +15.2% |
| Taxes | 450/3 | €179,890 | €202,026 | +€22,136 | +12.3% |
| Remuneration and social security | 454/9 | €33,005 | €43,296 | +€10,291 | +31.2% |
| Other amounts payable | 47/48 | €213,822 | €246,292 | +€32,469 | +15.2% |
| Remuneration, social security and pensions | 62 | €106,743 | €151,323 | +€44,581 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €694 | €1,663 | +€970 | +140% |
| Other operating charges | 640/8 | €2,658 | €2,199 | -€458 | -17.2% |
| Gross operating margin | 9900 | €70,848 | €160,283 | +€89,435 | +126% |
| Operating profit (loss) | 9901 | -€39,246 | €5,097 | +€44,343 | |
| Financial income | 75/76B | €5,217 | €4,691 | -€525 | -10.1% |
| Recurring financial income | 75 | €5,217 | €4,691 | -€525 | -10.1% |
| Financial charges | 65/66B | €326 | €1,215 | +€889 | +273% |
| Recurring financial charges | 65 | €326 | €1,215 | +€889 | +273% |
| Profit (loss) for the period before taxes | 9903 | -€34,355 | €8,573 | +€42,928 | |
| Profit (loss) for the period | 9904 | -€34,355 | €8,573 | +€42,928 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,355 | €8,573 | +€42,928 |
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 26 October 2026 via checked.be.