M-Archi: 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.
M-Archi
Largest movements
- Cash +€45,852
up €45,852 (+19696.5%), from €233 to €46,084
mainly Trade debts (+€27,442) and Net result for the year (+€20,414)
- Receivables within one year +€8,967
up €8,967 (+12.3%), from €73,028 to €81,996
of which Other amounts receivable: +€17,063
- Trade debts +€27,442
up €27,442 (+2468.0%), from €1,112 to €28,553
- Other debts +€16,400
new in 2025: €16,400
- Tax, wage and social debts +€9,670
up €9,670 (+114.9%), from €8,415 to €18,085
- Gross operating margin +€13,099
up €13,099 (+61.2%), from €21,413 to €34,512
- Taxes +€7,029
up €7,029 (+152.2%), from €4,618 to €11,646
- Staff costs +€1,930
new in 2025: €1,930
- Other operating charges -€1,720
no longer reported in 2025 (was €1,720)
- Financial charges -€1,222
down €1,222 (-94.4%), from €1,294 to €72
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,775 | €157,701 | +€53,926 | +52.0% |
| Fixed assets | 21/28 | €6,238 | €4,518 | -€1,720 | -27.6% |
| Intangible fixed assets | 21 | €1,260 | €1,080 | -€180 | -14.3% |
| Tangible fixed assets | 22/27 | €4,978 | €3,438 | -€1,540 | -30.9% |
| Furniture and vehicles | 24 | €4,978 | €3,438 | -€1,540 | -30.9% |
| Current assets | 29/58 | €97,537 | €153,182 | +€55,646 | +57.1% |
| Amounts receivable after more than one year | 29 | €24,000 | €24,000 | = | 0.0% |
| Trade receivables | 290 | €24,000 | €24,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,028 | €81,996 | +€8,967 | +12.3% |
| Trade receivables | 40 | €66,753 | €58,657 | -€8,096 | -12.1% |
| Other amounts receivable | 41 | €6,276 | €23,339 | +€17,063 | +271.9% |
| Cash at bank and in hand | 54/58 | €233 | €46,084 | +€45,852 | +19696.5% |
| Deferred charges and accrued income | 490/1 | €275 | €1,103 | +€827 | +300.4% |
| Total equity and liabilities | 10/49 | €103,775 | €157,701 | +€53,926 | +52.0% |
| Equity | 10/15 | €94,248 | €94,662 | +€414 | +0.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,748 | €91,162 | +€414 | +0.5% |
| Amounts payable | 17/49 | €9,527 | €63,039 | +€53,512 | +561.7% |
| Amounts payable within one year | 42/48 | €9,527 | €63,039 | +€53,512 | +561.7% |
| Trade debts | 44 | €1,112 | €28,553 | +€27,442 | +2468.0% |
| Suppliers | 440/4 | €1,112 | €28,553 | +€27,442 | +2468.0% |
| Taxes, remuneration and social security | 45 | €8,415 | €18,085 | +€9,670 | +114.9% |
| Taxes | 450/3 | €8,415 | €18,085 | +€9,670 | +114.9% |
| Other amounts payable | 47/48 | - | €16,400 | +€16,400 | |
| Remuneration, social security and pensions | 62 | - | €1,930 | +€1,930 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,720 | €1,720 | = | 0.0% |
| Other operating charges | 640/8 | €1,720 | - | -€1,720 | |
| Gross operating margin | 9900 | €21,413 | €34,512 | +€13,099 | +61.2% |
| Operating profit (loss) | 9901 | €17,973 | €30,861 | +€12,888 | +71.7% |
| Financial income | 75/76B | €369 | €1,272 | +€903 | +244.7% |
| Recurring financial income | 75 | €369 | €1,272 | +€903 | +244.7% |
| Financial charges | 65/66B | €1,294 | €72 | -€1,222 | -94.4% |
| Recurring financial charges | 65 | €1,294 | €72 | -€1,222 | -94.4% |
| Profit (loss) for the period before taxes | 9903 | €17,047 | €32,060 | +€15,013 | +88.1% |
| Income taxes | 67/77 | €4,618 | €11,646 | +€7,029 | +152.2% |
| Profit (loss) for the period | 9904 | €12,429 | €20,414 | +€7,985 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,429 | €20,414 | +€7,985 | +64.2% |
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 10 October 2026 via checked.be.