ARIMMO: 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.
ARIMMO
Largest movements
- Tangible fixed assets +€69,961
up €69,961 (+23.9%), from €292,389 to €362,350
of which Assets under construction and advance payments: +€91,521
- Cash -€42,043
down €42,043 (-34.6%), from €121,444 to €79,401
mainly Investment in fixed assets (net) (-€92,326) and Net result for the year (-€51,908)
- Other debts +€78,967
up €78,967 (+790.0%), from €9,995 to €88,963
- Reserves -€52,000
down €52,000 (-22.9%), from €227,374 to €175,374
of which Distributable reserves: -€52,000
- Taxes -€108,171
down €108,171 (-99.2%), from €109,063 to €892
- Gross operating margin +€1,786
up €1,786 (+6.8%), from -€26,123 to -€24,337
- Other operating charges +€705
up €705 (+25.7%), from €2,743 to €3,449
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 | €422,496 | €449,833 | +€27,337 | +6.5% |
| Fixed assets | 21/28 | €293,089 | €363,050 | +€69,961 | +23.9% |
| Tangible fixed assets | 22/27 | €292,389 | €362,350 | +€69,961 | +23.9% |
| Land and buildings | 22 | €99,047 | €98,607 | -€440 | -0.4% |
| Plant, machinery and equipment | 23 | €2,300 | €1,610 | -€690 | -30.0% |
| Furniture and vehicles | 24 | €38,380 | €18,240 | -€20,140 | -52.5% |
| Other tangible fixed assets | 26 | €1,039 | €749 | -€290 | -27.9% |
| Assets under construction and advance payments | 27 | €151,623 | €243,144 | +€91,521 | +60.4% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €129,407 | €86,783 | -€42,624 | -32.9% |
| Amounts receivable within one year | 40/41 | €4,270 | €4,805 | +€535 | +12.5% |
| Other amounts receivable | 41 | €4,270 | €4,805 | +€535 | +12.5% |
| Current investments | 50/53 | €5 | €4 | -€0 | -9.0% |
| Cash at bank and in hand | 54/58 | €121,444 | €79,401 | -€42,043 | -34.6% |
| Deferred charges and accrued income | 490/1 | €3,688 | €2,573 | -€1,116 | -30.2% |
| Total equity and liabilities | 10/49 | €422,496 | €449,833 | +€27,337 | +6.5% |
| Equity | 10/15 | €376,462 | €324,554 | -€51,908 | -13.8% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €227,374 | €175,374 | -€52,000 | -22.9% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €212,500 | €160,500 | -€52,000 | -24.5% |
| Profit (loss) carried forward | 14 | €352 | €444 | +€92 | +26.0% |
| Amounts payable | 17/49 | €46,033 | €125,279 | +€79,245 | +172.1% |
| Amounts payable within one year | 42/48 | €45,205 | €124,698 | +€79,493 | +175.9% |
| Trade debts | 44 | €1,146 | €780 | -€366 | -31.9% |
| Suppliers | 440/4 | €1,146 | €780 | -€366 | -31.9% |
| Taxes, remuneration and social security | 45 | €34,063 | €34,955 | +€892 | +2.6% |
| Taxes | 450/3 | €34,063 | €34,955 | +€892 | +2.6% |
| Other amounts payable | 47/48 | €9,995 | €88,963 | +€78,967 | +790.0% |
| Accrued charges and deferred income | 492/3 | €829 | €581 | -€248 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,164 | €22,365 | +€201 | +0.9% |
| Other operating charges | 640/8 | €2,743 | €3,449 | +€705 | +25.7% |
| Gross operating margin | 9900 | -€26,123 | -€24,337 | +€1,786 | +6.8% |
| Operating profit (loss) | 9901 | -€51,029 | -€50,150 | +€879 | +1.7% |
| Financial charges | 65/66B | €808 | €866 | +€59 | +7.3% |
| Recurring financial charges | 65 | €808 | €866 | +€59 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€51,837 | -€51,016 | +€821 | +1.6% |
| Transfer from deferred taxes | 780 | €182,436 | - | -€182,436 | |
| Income taxes | 67/77 | €109,063 | €892 | -€108,171 | -99.2% |
| Profit (loss) for the period | 9904 | €21,535 | -€51,908 | -€73,444 | |
| Transfer from tax-exempt reserves | 789 | €547,308 | - | -€547,308 | |
| Profit (loss) for the period to be appropriated | 9905 | €568,843 | -€51,908 | -€620,751 |
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.