ARMA: 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.
ARMA
Largest movements
- Tangible fixed assets +€36,868
up €36,868 (+127.3%), from €28,954 to €65,822
of which Furniture and vehicles: +€47,555
- Receivables within one year +€2,138
up €2,138 (+35.4%), from €6,043 to €8,181
of which Trade receivables: +€3,347
- Other debts +€33,214
up €33,214 (+58.9%), from €56,416 to €89,630
- Profit (loss) carried forward +€11,433
up €11,433 (+12.6%), from -€90,705 to -€79,272
- Current portion of long-term debt -€8,905
down €8,905 (-47.1%), from €18,905 to €10,000
- Tax, wage and social debts +€1,860
up €1,860 (+60.2%), from €3,092 to €4,951
- Accrued charges and deferred income +€805
up €805 (+524.4%), from €154 to €959
- Gross operating margin +€24,335
up €24,335 (+172.7%), from €14,092 to €38,427
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 | €39,731 | €78,758 | +€39,027 | +98.2% |
| Fixed assets | 21/28 | €28,954 | €65,822 | +€36,868 | +127.3% |
| Tangible fixed assets | 22/27 | €28,954 | €65,822 | +€36,868 | +127.3% |
| Land and buildings | 22 | €10,536 | €1,110 | -€9,426 | -89.5% |
| Plant, machinery and equipment | 23 | €3,048 | €1,787 | -€1,261 | -41.4% |
| Furniture and vehicles | 24 | €15,370 | €62,925 | +€47,555 | +309.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €10,777 | €12,937 | +€2,159 | +20.0% |
| Amounts receivable within one year | 40/41 | €6,043 | €8,181 | +€2,138 | +35.4% |
| Trade receivables | 40 | €4,686 | €8,034 | +€3,347 | +71.4% |
| Other amounts receivable | 41 | €1,357 | €148 | -€1,210 | -89.1% |
| Cash at bank and in hand | 54/58 | €2,202 | €2,821 | +€619 | +28.1% |
| Deferred charges and accrued income | 490/1 | €2,532 | €1,934 | -€598 | -23.6% |
| Total equity and liabilities | 10/49 | €39,731 | €78,758 | +€39,027 | +98.2% |
| Equity | 10/15 | -€72,983 | -€61,550 | +€11,433 | +15.7% |
| Contributions | 10/11 | €14,001 | €14,001 | = | 0.0% |
| Reserves | 13 | €3,720 | €3,720 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,720 | €3,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,705 | -€79,272 | +€11,433 | +12.6% |
| Amounts payable | 17/49 | €112,714 | €140,309 | +€27,594 | +24.5% |
| Amounts payable within one year | 42/48 | €112,561 | €139,350 | +€26,789 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €18,905 | €10,000 | -€8,905 | -47.1% |
| Financial debts | 43 | €12,000 | €12,000 | = | 0.0% |
| Other loans | 439 | €12,000 | €12,000 | = | 0.0% |
| Trade debts | 44 | €22,148 | €22,768 | +€620 | +2.8% |
| Suppliers | 440/4 | €22,148 | €22,768 | +€620 | +2.8% |
| Taxes, remuneration and social security | 45 | €3,092 | €4,951 | +€1,860 | +60.2% |
| Taxes | 450/3 | €3,092 | €4,951 | +€1,860 | +60.2% |
| Other amounts payable | 47/48 | €56,416 | €89,630 | +€33,214 | +58.9% |
| Accrued charges and deferred income | 492/3 | €154 | €959 | +€805 | +524.4% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,232 | €23,418 | +€185 | +0.8% |
| Other operating charges | 640/8 | €1,815 | €1,786 | -€30 | -1.6% |
| Non-recurring operating charges | 66A | - | €467 | +€467 | |
| Gross operating margin | 9900 | €14,092 | €38,427 | +€24,335 | +172.7% |
| Operating profit (loss) | 9901 | -€10,956 | €12,757 | +€23,713 | |
| Financial income | 75/76B | €12 | €6 | -€6 | -48.0% |
| Recurring financial income | 75 | €12 | €6 | -€6 | -48.0% |
| Financial charges | 65/66B | €1,067 | €1,017 | -€49 | -4.6% |
| Recurring financial charges | 65 | €1,067 | €1,017 | -€49 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,011 | €11,746 | +€23,757 | |
| Income taxes | 67/77 | €297 | €313 | +€15 | +5.1% |
| Profit (loss) for the period | 9904 | -€12,308 | €11,433 | +€23,741 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,308 | €11,433 | +€23,741 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.