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
- Receivables within one year +€306,641
up €306,641 (+31.2%), from €983,105 to €1.3m
- Other debts +€306,297
up €306,297 (+30.9%), from €992,196 to €1.3m
- Gross operating margin +€727
no longer reported in 2025 (was -€727)
- Financial charges -€335
down €335 (-71.9%), from €465 to €131
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 | €983,648 | €1,289,814 | +€306,166 | +31.1% |
| Current assets | 29/58 | €983,648 | €1,289,814 | +€306,166 | +31.1% |
| Amounts receivable within one year | 40/41 | €983,105 | €1,289,746 | +€306,641 | +31.2% |
| Other amounts receivable | 41 | €983,105 | €1,289,746 | +€306,641 | +31.2% |
| Cash at bank and in hand | 54/58 | €543 | €68 | -€475 | -87.5% |
| Total equity and liabilities | 10/49 | €983,648 | €1,289,814 | +€306,166 | +31.1% |
| Equity | 10/15 | -€8,547 | -€8,678 | -€131 | -1.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,297 | -€27,428 | -€131 | -0.5% |
| Amounts payable | 17/49 | €992,196 | €1,298,492 | +€306,297 | +30.9% |
| Amounts payable within one year | 42/48 | €992,196 | €1,298,492 | +€306,297 | +30.9% |
| Other amounts payable | 47/48 | €992,196 | €1,298,492 | +€306,297 | +30.9% |
| Gross operating margin | 9900 | -€727 | - | +€727 | |
| Operating profit (loss) | 9901 | -€727 | - | +€727 | |
| Financial charges | 65/66B | €465 | €131 | -€335 | -71.9% |
| Recurring financial charges | 65 | €465 | €131 | -€335 | -71.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,193 | -€131 | +€1,062 | +89.0% |
| Profit (loss) for the period | 9904 | -€1,193 | -€131 | +€1,062 | +89.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,193 | -€131 | +€1,062 | +89.0% |
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 29 September 2026 via checked.be.