A.R.M.I.: 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.I.
Largest movements
- Cash -€9,479
down €9,479 (-14.9%), from €63,434 to €53,955
mainly Net result for the year (-€11,345) and Other debts (-€2,519)
- Current investments -€3,664
down €3,664 (-6.3%), from €58,583 to €54,919
- Profit (loss) carried forward -€11,345
down €11,345 (-20.8%), from €54,485 to €43,140
- Other debts -€2,519
down €2,519 (-5.8%), from €43,672 to €41,153
- Gross operating margin -€4,432
down €4,432 (-70.4%), from -€6,295 to -€10,727
- Financial income +€1,146
up €1,146 (+179%), from €640 to €1,785
- Other operating charges +€1,100
up €1,100 (+88.4%), from €1,245 to €2,345
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 | €123,853 | €110,117 | -€13,736 | -11.1% |
| Current assets | 29/58 | €123,853 | €110,117 | -€13,736 | -11.1% |
| Amounts receivable within one year | 40/41 | €1,175 | €555 | -€620 | -52.8% |
| Other amounts receivable | 41 | €1,175 | €555 | -€620 | -52.8% |
| Current investments | 50/53 | €58,583 | €54,919 | -€3,664 | -6.3% |
| Cash at bank and in hand | 54/58 | €63,434 | €53,955 | -€9,479 | -14.9% |
| Deferred charges and accrued income | 490/1 | €662 | €689 | +€27 | +4.0% |
| Total equity and liabilities | 10/49 | €123,853 | €110,117 | -€13,736 | -11.1% |
| Equity | 10/15 | €74,936 | €63,591 | -€11,345 | -15.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,485 | €43,140 | -€11,345 | -20.8% |
| Provisions and deferred taxes | 16 | €4,958 | €4,958 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,958 | €4,958 | = | 0.0% |
| Other liabilities and charges | 164/5 | €4,958 | €4,958 | = | 0.0% |
| Amounts payable | 17/49 | €43,959 | €41,568 | -€2,391 | -5.4% |
| Amounts payable within one year | 42/48 | €43,959 | €41,568 | -€2,391 | -5.4% |
| Trade debts | 44 | - | €128 | +€128 | |
| Suppliers | 440/4 | - | €128 | +€128 | |
| Taxes, remuneration and social security | 45 | €287 | €287 | = | 0.0% |
| Taxes | 450/3 | €287 | €287 | = | 0.0% |
| Other amounts payable | 47/48 | €43,672 | €41,153 | -€2,519 | -5.8% |
| Other operating charges | 640/8 | €1,245 | €2,345 | +€1,100 | +88.4% |
| Gross operating margin | 9900 | -€6,295 | -€10,727 | -€4,432 | -70.4% |
| Operating profit (loss) | 9901 | -€7,539 | -€13,072 | -€5,533 | -73.4% |
| Financial income | 75/76B | €640 | €1,785 | +€1,146 | +179% |
| Recurring financial income | 75 | €640 | €1,785 | +€1,146 | +179% |
| Financial charges | 65/66B | €58 | €58 | +€0 | +0.6% |
| Recurring financial charges | 65 | €58 | €58 | +€0 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,958 | -€11,345 | -€4,387 | -63.1% |
| Profit (loss) for the period | 9904 | -€6,958 | -€11,345 | -€4,387 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,958 | -€11,345 | -€4,387 | -63.1% |
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 23 October 2026 via checked.be.