Arma Consult: 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 Consult
Largest movements
- Current investments -€150,000
down €150,000 (-49.9%), from €300,828 to €150,828
- Receivables within one year +€22,747
up €22,747 (+19766.2%), from €115 to €22,862
of which Trade receivables: +€18,460
- Cash +€22,064
up €22,064 (+86.7%), from €25,458 to €47,521
mainly Net result for the year (+€171,365) and Current investments (+€150,000)
- Tangible fixed assets -€8,169
down €8,169 (-26.9%), from €30,315 to €22,147
of which Furniture and vehicles: -€6,832
- Other debts -€123,678
down €123,678 (-44.7%), from €276,860 to €153,182
- Tax, wage and social debts +€5,745
up €5,745 (+10.3%), from €55,563 to €61,308
- Trade debts +€4,871
up €4,871 (+596.6%), from €816 to €5,687
- Gross operating margin +€10,607
up €10,607 (+4.9%), from €218,279 to €228,886
- Taxes +€2,293
up €2,293 (+4.6%), from €50,315 to €52,608
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 | €356,716 | €243,358 | -€113,358 | -31.8% |
| Fixed assets | 21/28 | €30,315 | €22,147 | -€8,169 | -26.9% |
| Tangible fixed assets | 22/27 | €30,315 | €22,147 | -€8,169 | -26.9% |
| Land and buildings | 22 | €7,895 | €6,752 | -€1,143 | -14.5% |
| Furniture and vehicles | 24 | €20,982 | €14,149 | -€6,832 | -32.6% |
| Other tangible fixed assets | 26 | €1,438 | €1,245 | -€193 | -13.4% |
| Current assets | 29/58 | €326,401 | €221,211 | -€105,189 | -32.2% |
| Amounts receivable within one year | 40/41 | €115 | €22,862 | +€22,747 | +19766.2% |
| Trade receivables | 40 | - | €18,460 | +€18,460 | |
| Other amounts receivable | 41 | €115 | €4,402 | +€4,287 | +3725.1% |
| Current investments | 50/53 | €300,828 | €150,828 | -€150,000 | -49.9% |
| Cash at bank and in hand | 54/58 | €25,458 | €47,521 | +€22,064 | +86.7% |
| Total equity and liabilities | 10/49 | €356,716 | €243,358 | -€113,358 | -31.8% |
| Equity | 10/15 | €21,399 | €21,399 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €20,399 | €20,399 | = | 0.0% |
| Distributable reserves | 133 | €20,399 | €20,399 | = | 0.0% |
| Amounts payable | 17/49 | €335,316 | €221,958 | -€113,358 | -33.8% |
| Amounts payable within one year | 42/48 | €333,240 | €220,177 | -€113,062 | -33.9% |
| Trade debts | 44 | €816 | €5,687 | +€4,871 | +596.6% |
| Suppliers | 440/4 | €816 | €5,687 | +€4,871 | +596.6% |
| Taxes, remuneration and social security | 45 | €55,563 | €61,308 | +€5,745 | +10.3% |
| Taxes | 450/3 | €55,563 | €61,308 | +€5,745 | +10.3% |
| Other amounts payable | 47/48 | €276,860 | €153,182 | -€123,678 | -44.7% |
| Accrued charges and deferred income | 492/3 | €2,077 | €1,781 | -€296 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,969 | €9,557 | -€412 | -4.1% |
| Other operating charges | 640/8 | €85 | €647 | +€562 | +661.4% |
| Non-recurring operating charges | 66A | €171 | - | -€171 | |
| Gross operating margin | 9900 | €218,279 | €228,886 | +€10,607 | +4.9% |
| Operating profit (loss) | 9901 | €208,054 | €218,682 | +€10,628 | +5.1% |
| Financial income | 75/76B | €4,712 | €6,700 | +€1,988 | +42.2% |
| Recurring financial income | 75 | €4,712 | €6,700 | +€1,988 | +42.2% |
| Financial charges | 65/66B | €2,336 | €1,410 | -€927 | -39.7% |
| Recurring financial charges | 65 | €2,336 | €1,410 | -€927 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €210,430 | €223,973 | +€13,543 | +6.4% |
| Income taxes | 67/77 | €50,315 | €52,608 | +€2,293 | +4.6% |
| Profit (loss) for the period | 9904 | €160,115 | €171,365 | +€11,250 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €160,115 | €171,365 | +€11,250 | +7.0% |
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 4 October 2026 via checked.be.