A.R.M.C.: 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.
A.R.M.C.
Largest movements
- Receivables within one year +€3,442
up €3,442 (+243%), from €1,418 to €4,860
of which Trade receivables: +€3,558
- Tangible fixed assets -€844
down €844 (-55.4%), from €1,524 to €680
of which Furniture and vehicles: -€709
- Cash +€535
up €535 (+13.2%), from €4,042 to €4,578
mainly Net result for the year (+€2,043) and Trade debts (+€1,072)
- Deferred charges and accrued income -€320
no longer reported in 2025 (was €320)
- Profit (loss) carried forward +€2,043
up €2,043 (+2.1%), from -€96,451 to -€94,408
- Trade debts +€1,072
new in 2025: €1,072
- Other debts -€328
down €328 (-0.4%), from €84,903 to €84,575
- Write-downs -€4,240
no longer reported in 2025 (was €4,240)
- Other operating charges -€505
down €505 (-37.0%), from €1,364 to €859
- Gross operating margin +€280
up €280 (+7.7%), from €3,643 to €3,922
- Depreciation -€43
down €43 (-4.8%), from €887 to €844
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 | €7,305 | €10,118 | +€2,814 | +38.5% |
| Fixed assets | 21/28 | €1,524 | €680 | -€844 | -55.4% |
| Tangible fixed assets | 22/27 | €1,524 | €680 | -€844 | -55.4% |
| Plant, machinery and equipment | 23 | €139 | €4 | -€135 | -96.8% |
| Furniture and vehicles | 24 | €1,385 | €676 | -€709 | -51.2% |
| Current assets | 29/58 | €5,781 | €9,438 | +€3,658 | +63.3% |
| Amounts receivable within one year | 40/41 | €1,418 | €4,860 | +€3,442 | +243% |
| Trade receivables | 40 | €557 | €4,114 | +€3,558 | +639% |
| Other amounts receivable | 41 | €862 | €746 | -€116 | -13.4% |
| Cash at bank and in hand | 54/58 | €4,042 | €4,578 | +€535 | +13.2% |
| Deferred charges and accrued income | 490/1 | €320 | - | -€320 | |
| Total equity and liabilities | 10/49 | €7,305 | €10,118 | +€2,814 | +38.5% |
| Equity | 10/15 | -€77,598 | -€75,555 | +€2,043 | +2.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €261 | €261 | = | 0.0% |
| Non-distributable reserves | 130/1 | €261 | €261 | = | 0.0% |
| Reserves not available under the articles | 1311 | €261 | €261 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,451 | -€94,408 | +€2,043 | +2.1% |
| Amounts payable | 17/49 | €84,903 | €85,673 | +€770 | +0.9% |
| Amounts payable within one year | 42/48 | €84,903 | €85,673 | +€770 | +0.9% |
| Trade debts | 44 | - | €1,072 | +€1,072 | |
| Suppliers | 440/4 | - | €1,072 | +€1,072 | |
| Taxes, remuneration and social security | 45 | - | €26 | +€26 | |
| Taxes | 450/3 | - | €26 | +€26 | |
| Other amounts payable | 47/48 | €84,903 | €84,575 | -€328 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €887 | €844 | -€43 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,240 | - | -€4,240 | |
| Other operating charges | 640/8 | €1,364 | €859 | -€505 | -37.0% |
| Gross operating margin | 9900 | €3,643 | €3,922 | +€280 | +7.7% |
| Operating profit (loss) | 9901 | -€2,848 | €2,219 | +€5,067 | |
| Financial income | 75/76B | €22 | €2 | -€19 | -89.2% |
| Recurring financial income | 75 | €22 | €2 | -€19 | -89.2% |
| Financial charges | 65/66B | €172 | €178 | +€6 | +3.5% |
| Recurring financial charges | 65 | €172 | €178 | +€6 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,998 | €2,043 | +€5,042 | |
| Profit (loss) for the period | 9904 | -€2,998 | €2,043 | +€5,042 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,998 | €2,043 | +€5,042 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.