ARM.CONSTRUCT: 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.
ARM.CONSTRUCT
Largest movements
- Receivables within one year +€18,066
up €18,066 (+252.1%), from €7,166 to €25,233
of which Trade receivables: +€24,960
- Cash -€5,917
down €5,917 (-66.2%), from €8,936 to €3,019
mainly Receivables within one year (-€18,066) and Trade debts (-€11,740)
- Tangible fixed assets +€911
up €911 (+35.6%), from €2,557 to €3,468
of which Furniture and vehicles: +€771
- Other debts +€18,987
up €18,987 (+114.0%), from €16,655 to €35,642
- Trade debts -€11,740
down €11,740 (-96.3%), from €12,188 to €448
- Profit (loss) carried forward +€8,285
up €8,285 (+44.2%), from -€18,762 to -€10,477
- Tax, wage and social debts -€2,471
down €2,471 (-80.3%), from €3,078 to €607
of which Remuneration and social security: -€1,700
- Gross operating margin +€5,079
up €5,079 (+84.9%), from €5,981 to €11,060
- Other operating charges -€531
down €531 (-62.9%), from €843 to €313
- Depreciation -€228
down €228 (-11.0%), from €2,079 to €1,851
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 | €20,159 | €33,219 | +€13,060 | +64.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,057 | €4,968 | +€911 | +22.5% |
| Tangible fixed assets | 22/27 | €2,557 | €3,468 | +€911 | +35.6% |
| Plant, machinery and equipment | 23 | €2,480 | €2,619 | +€140 | +5.6% |
| Furniture and vehicles | 24 | €77 | €849 | +€771 | +999.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €16,103 | €28,252 | +€12,149 | +75.4% |
| Amounts receivable within one year | 40/41 | €7,166 | €25,233 | +€18,066 | +252.1% |
| Trade receivables | 40 | - | €24,960 | +€24,960 | |
| Other amounts receivable | 41 | €7,166 | €273 | -€6,894 | -96.2% |
| Cash at bank and in hand | 54/58 | €8,936 | €3,019 | -€5,917 | -66.2% |
| Total equity and liabilities | 10/49 | €20,159 | €33,219 | +€13,060 | +64.8% |
| Equity | 10/15 | -€11,762 | -€3,477 | +€8,285 | +70.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,762 | -€10,477 | +€8,285 | +44.2% |
| Amounts payable | 17/49 | €31,921 | €36,696 | +€4,775 | +15.0% |
| Amounts payable within one year | 42/48 | €31,921 | €36,696 | +€4,775 | +15.0% |
| Trade debts | 44 | €12,188 | €448 | -€11,740 | -96.3% |
| Suppliers | 440/4 | €12,188 | €448 | -€11,740 | -96.3% |
| Taxes, remuneration and social security | 45 | €3,078 | €607 | -€2,471 | -80.3% |
| Taxes | 450/3 | €1,378 | €607 | -€771 | -56.0% |
| Remuneration and social security | 454/9 | €1,700 | - | -€1,700 | |
| Other amounts payable | 47/48 | €16,655 | €35,642 | +€18,987 | +114.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,079 | €1,851 | -€228 | -11.0% |
| Other operating charges | 640/8 | €843 | €313 | -€531 | -62.9% |
| Gross operating margin | 9900 | €5,981 | €11,060 | +€5,079 | +84.9% |
| Operating profit (loss) | 9901 | €3,058 | €8,897 | +€5,838 | +190.9% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €624 | €631 | +€8 | +1.2% |
| Recurring financial charges | 65 | €624 | €631 | +€8 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €2,435 | €8,285 | +€5,850 | +240.3% |
| Profit (loss) for the period | 9904 | €2,435 | €8,285 | +€5,850 | +240.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,435 | €8,285 | +€5,850 | +240.3% |
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.