ARIMMCO: what changed
Two fiscal 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.
ARIMMCO
Largest movements
- Stocks and contracts +€754,847
up €754,847 (+93.5%), from €806,963 to €1.6m
- Tangible fixed assets +€300,234
up €300,234 (+44.3%), from €677,685 to €977,919
of which Land and buildings: +€302,320
- Cash -€204,992
down €204,992 (-66.6%), from €307,851 to €102,859
mainly Stocks and contracts (-€754,847) and Investment in fixed assets (net) (-€320,000)
- Short-term financial debts +€549,354
up €549,354 (+144.1%), from €381,283 to €930,637
- Debts after one year +€235,875
up €235,875 (+56.7%), from €416,284 to €652,159
- Other debts +€51,818
up €51,818 (+12.2%), from €424,521 to €476,339
- Financial charges +€20,043
up €20,043 (+55.8%), from €35,922 to €55,965
- Depreciation -€12,812
down €12,812 (-39.3%), from €32,578 to €19,766
- Gross operating margin -€9,202
down €9,202 (-5.4%), from €169,476 to €160,273
- Taxes -€7,185
down €7,185 (-22.1%), from €32,522 to €25,337
- Financial income -€2,075
down €2,075 (-100.0%), from €2,076 to €0
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 | €1,806,049 | €2,649,798 | +€843,749 | +46.7% |
| Fixed assets | 21/28 | €678,695 | €978,929 | +€300,234 | +44.2% |
| Tangible fixed assets | 22/27 | €677,685 | €977,919 | +€300,234 | +44.3% |
| Land and buildings | 22 | €663,299 | €965,619 | +€302,320 | +45.6% |
| Furniture and vehicles | 24 | €14,385 | €12,300 | -€2,086 | -14.5% |
| Financial fixed assets | 28 | €1,010 | €1,010 | = | 0.0% |
| Current assets | 29/58 | €1,127,354 | €1,670,869 | +€543,515 | +48.2% |
| Stocks and contracts in progress | 3 | €806,963 | €1,561,810 | +€754,847 | +93.5% |
| Stocks | 30/36 | €806,963 | €1,561,810 | +€754,847 | +93.5% |
| Amounts receivable within one year | 40/41 | €11,544 | €4,435 | -€7,109 | -61.6% |
| Trade receivables | 40 | €4,435 | €4,435 | = | 0.0% |
| Other amounts receivable | 41 | €7,109 | - | -€7,109 | |
| Current investments | 50/53 | €996 | €996 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €307,851 | €102,859 | -€204,992 | -66.6% |
| Deferred charges and accrued income | 490/1 | - | €768 | +€768 | |
| Total equity and liabilities | 10/49 | €1,806,049 | €2,649,798 | +€843,749 | +46.7% |
| Equity | 10/15 | €525,422 | €518,478 | -€6,944 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €461,860 | €454,360 | -€7,500 | -1.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €460,000 | €452,500 | -€7,500 | -1.6% |
| Profit (loss) carried forward | 14 | €57,362 | €57,918 | +€556 | +1.0% |
| Amounts payable | 17/49 | €1,280,627 | €2,131,320 | +€850,693 | +66.4% |
| Amounts payable after more than one year | 17 | €416,284 | €652,159 | +€235,875 | +56.7% |
| Financial debts | 170/4 | €416,284 | €652,159 | +€235,875 | +56.7% |
| Amounts payable within one year | 42/48 | €864,342 | €1,479,161 | +€614,818 | +71.1% |
| Current portion of amounts payable after more than one year | 42 | €45,537 | €61,763 | +€16,226 | +35.6% |
| Financial debts | 43 | €381,283 | €930,637 | +€549,354 | +144.1% |
| Credit institutions | 430/8 | €381,283 | €930,637 | +€549,354 | +144.1% |
| Trade debts | 44 | €4,227 | €5,399 | +€1,172 | +27.7% |
| Suppliers | 440/4 | €4,227 | €5,399 | +€1,172 | +27.7% |
| Taxes, remuneration and social security | 45 | €8,775 | €5,023 | -€3,752 | -42.8% |
| Taxes | 450/3 | €8,775 | €5,023 | -€3,752 | -42.8% |
| Other amounts payable | 47/48 | €424,521 | €476,339 | +€51,818 | +12.2% |
| Non-recurring operating income | 76A | €24,771 | €25,184 | +€412 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,578 | €19,766 | -€12,812 | -39.3% |
| Other operating charges | 640/8 | €5,285 | €5,682 | +€397 | +7.5% |
| Gross operating margin | 9900 | €169,476 | €160,273 | -€9,202 | -5.4% |
| Operating profit (loss) | 9901 | €131,613 | €134,826 | +€3,213 | +2.4% |
| Financial income | 75/76B | €2,076 | €0 | -€2,075 | -100.0% |
| Recurring financial income | 75 | €2,076 | €0 | -€2,075 | -100.0% |
| Financial charges | 65/66B | €35,922 | €55,965 | +€20,043 | +55.8% |
| Recurring financial charges | 65 | €35,922 | €55,965 | +€20,043 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | €97,766 | €78,861 | -€18,905 | -19.3% |
| Income taxes | 67/77 | €32,522 | €25,337 | -€7,185 | -22.1% |
| Profit (loss) for the period | 9904 | €65,244 | €53,524 | -€11,720 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,244 | €53,524 | -€11,720 | -18.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.