AR.MA.DIN: 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.
AR.MA.DIN
Largest movements
- Receivables within one year +€16,054
up €16,054 (+37.4%), from €42,880 to €58,934
of which Trade receivables: +€16,155
- Tangible fixed assets +€1,969
up €1,969 (+73.9%), from €2,665 to €4,634
of which Furniture and vehicles: +€2,482
- Cash +€959
up €959 (+20.8%), from €4,613 to €5,572
mainly Trade debts (+€12,443) and Tax, wage and social debts (+€5,069)
- Trade debts +€12,443
up €12,443 (+9,216%), from €135 to €12,578
- Tax, wage and social debts +€5,069
up €5,069 (+27.8%), from €18,207 to €23,276
of which Taxes: +€4,152
- Other debts +€4,781
up €4,781 (+2,113%), from €226 to €5,007
- Profit (loss) carried forward -€2,970
down €2,970 (-11.2%), from €26,590 to €23,620
- Other operating charges +€19,390
up €19,390 (+3,122%), from €621 to €20,011
- Staff costs +€16,749
new in 2025: €16,749
- Gross operating margin +€11,409
up €11,409 (+46.4%), from €24,599 to €36,008
- Taxes -€8,872
no longer reported in 2025 (was €8,872)
- Financial charges -€2,391
down €2,391 (-97.4%), from €2,454 to €63
of which Financial charges: -€1,691
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 | €50,158 | €69,480 | +€19,322 | +38.5% |
| Fixed assets | 21/28 | €2,665 | €4,634 | +€1,969 | +73.9% |
| Tangible fixed assets | 22/27 | €2,665 | €4,634 | +€1,969 | +73.9% |
| Plant, machinery and equipment | 23 | €1,479 | €966 | -€513 | -34.7% |
| Furniture and vehicles | 24 | €1,186 | €3,668 | +€2,482 | +209% |
| Current assets | 29/58 | €47,493 | €64,846 | +€17,353 | +36.5% |
| Amounts receivable within one year | 40/41 | €42,880 | €58,934 | +€16,054 | +37.4% |
| Trade receivables | 40 | €42,779 | €58,934 | +€16,155 | +37.8% |
| Other amounts receivable | 41 | €101 | - | -€101 | |
| Cash at bank and in hand | 54/58 | €4,613 | €5,572 | +€959 | +20.8% |
| Deferred charges and accrued income | 490/1 | - | €340 | +€340 | |
| Total equity and liabilities | 10/49 | €50,158 | €69,480 | +€19,322 | +38.5% |
| Equity | 10/15 | €31,590 | €28,620 | -€2,970 | -9.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,590 | €23,620 | -€2,970 | -11.2% |
| Amounts payable | 17/49 | €18,568 | €40,861 | +€22,292 | +120% |
| Amounts payable within one year | 42/48 | €18,568 | €40,861 | +€22,292 | +120% |
| Trade debts | 44 | €135 | €12,578 | +€12,443 | +9,216% |
| Suppliers | 440/4 | €135 | €12,578 | +€12,443 | +9,216% |
| Taxes, remuneration and social security | 45 | €18,207 | €23,276 | +€5,069 | +27.8% |
| Taxes | 450/3 | €18,207 | €22,359 | +€4,152 | +22.8% |
| Remuneration and social security | 454/9 | - | €917 | +€917 | |
| Other amounts payable | 47/48 | €226 | €5,007 | +€4,781 | +2,113% |
| Remuneration, social security and pensions | 62 | - | €16,749 | +€16,749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,116 | €2,231 | +€1,115 | +99.9% |
| Other operating charges | 640/8 | €621 | €20,011 | +€19,390 | +3,122% |
| Gross operating margin | 9900 | €24,599 | €36,008 | +€11,409 | +46.4% |
| Operating profit (loss) | 9901 | €22,861 | -€2,983 | -€25,845 | |
| Financial income | 75/76B | - | €76 | +€76 | |
| Recurring financial income | 75 | - | €76 | +€76 | |
| Financial charges | 65/66B | €2,454 | €63 | -€2,391 | -97.4% |
| Recurring financial charges | 65 | €1,755 | €63 | -€1,691 | -96.4% |
| Non-recurring financial charges | 66B | €699 | - | -€699 | |
| Profit (loss) for the period before taxes | 9903 | €20,407 | -€2,970 | -€23,377 | |
| Income taxes | 67/77 | €8,872 | - | -€8,872 | |
| Profit (loss) for the period | 9904 | €11,536 | -€2,970 | -€14,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,536 | -€2,970 | -€14,506 |
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 22 October 2026 via checked.be.