ARMA IMPEX: 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.
ARMA IMPEX
Largest movements
- Stocks and contracts -€7,811
down €7,811 (-60.3%), from €12,960 to €5,149
- Cash +€5,948
up €5,948 (+26.4%), from €22,532 to €28,480
mainly Current portion of long-term debt (+€9,871) and Stocks and contracts (+€7,811)
- Receivables within one year -€3,945
down €3,945 (-11.0%), from €35,824 to €31,879
of which Trade receivables: -€5,946
- Deferred charges and accrued income +€3,033
up €3,033 (+3047.7%), from €100 to €3,133
- Debts after one year -€20,746
down €20,746 (-41.7%), from €49,725 to €28,979
of which Other amounts payable: -€49,725
- Current portion of long-term debt +€9,871
new in 2025: €9,871
- Profit (loss) carried forward +€4,607
up €4,607, from -€2,194 to €2,414
- Other debts +€3,893
new in 2025: €3,893
- Tax, wage and social debts -€1,925
down €1,925 (-8.8%), from €21,884 to €19,959
of which Remuneration and social security: -€1,073
- Taxes +€1,394
new in 2025: €1,394
- Gross operating margin -€795
down €795 (-1.6%), from €48,431 to €47,636
- Financial charges +€639
up €639 (+462.8%), from €138 to €778
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 | €71,416 | €68,640 | -€2,775 | -3.9% |
| Current assets | 29/58 | €71,416 | €68,640 | -€2,775 | -3.9% |
| Stocks and contracts in progress | 3 | €12,960 | €5,149 | -€7,811 | -60.3% |
| Stocks | 30/36 | €12,960 | €5,149 | -€7,811 | -60.3% |
| Amounts receivable within one year | 40/41 | €35,824 | €31,879 | -€3,945 | -11.0% |
| Trade receivables | 40 | €34,925 | €28,979 | -€5,946 | -17.0% |
| Other amounts receivable | 41 | €899 | €2,900 | +€2,001 | +222.5% |
| Cash at bank and in hand | 54/58 | €22,532 | €28,480 | +€5,948 | +26.4% |
| Deferred charges and accrued income | 490/1 | €100 | €3,133 | +€3,033 | +3047.7% |
| Total equity and liabilities | 10/49 | €71,416 | €68,640 | -€2,775 | -3.9% |
| Equity | 10/15 | -€194 | €4,414 | +€4,607 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,194 | €2,414 | +€4,607 | |
| Amounts payable | 17/49 | €71,609 | €64,227 | -€7,383 | -10.3% |
| Amounts payable after more than one year | 17 | €49,725 | €28,979 | -€20,746 | -41.7% |
| Financial debts | 170/4 | - | €28,979 | +€28,979 | |
| Other amounts payable | 178/9 | €49,725 | €0 | -€49,725 | -100.0% |
| Amounts payable within one year | 42/48 | €21,884 | €35,180 | +€13,296 | +60.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,871 | +€9,871 | |
| Trade debts | 44 | €0 | €1,457 | +€1,457 | |
| Suppliers | 440/4 | €0 | €1,457 | +€1,457 | |
| Taxes, remuneration and social security | 45 | €21,884 | €19,959 | -€1,925 | -8.8% |
| Taxes | 450/3 | €7,115 | €6,263 | -€852 | -12.0% |
| Remuneration and social security | 454/9 | €14,769 | €13,695 | -€1,073 | -7.3% |
| Other amounts payable | 47/48 | - | €3,893 | +€3,893 | |
| Accrued charges and deferred income | 492/3 | - | €68 | +€68 | |
| Remuneration, social security and pensions | 62 | €40,185 | €40,408 | +€223 | +0.6% |
| Other operating charges | 640/8 | - | €350 | +€350 | |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | €48,431 | €47,636 | -€795 | -1.6% |
| Operating profit (loss) | 9901 | €8,246 | €6,779 | -€1,467 | -17.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €138 | €778 | +€639 | +462.8% |
| Recurring financial charges | 65 | €138 | €778 | +€639 | +462.8% |
| Profit (loss) for the period before taxes | 9903 | €8,109 | €6,001 | -€2,107 | -26.0% |
| Income taxes | 67/77 | - | €1,394 | +€1,394 | |
| Profit (loss) for the period | 9904 | €8,109 | €4,607 | -€3,501 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,109 | €4,607 | -€3,501 | -43.2% |
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 9 October 2026 via checked.be.