ArMa Projecten: 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 Projecten
Largest movements
- Receivables after one year -€71,842
down €71,842 (-100.0%), from €71,842 to €0
- Cash +€15,872
up €15,872 (+56.6%), from €28,030 to €43,903
mainly Receivables after one year (+€71,842) and Net result for the year (+€32,123)
- Other debts -€60,000
down €60,000 (-66.7%), from €90,000 to €30,000
- Reserves +€2,123
up €2,123 (+176.3%), from €1,204 to €3,327
- Tax, wage and social debts +€1,256
up €1,256 (+22.5%), from €5,589 to €6,845
- Gross operating margin +€24,459
up €24,459 (+151.1%), from €16,185 to €40,643
- Taxes +€4,758
up €4,758 (+125.3%), from €3,796 to €8,553
- Financial income -€1,054
down €1,054 (-52.2%), from €2,019 to €966
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 | €105,858 | €50,234 | -€55,624 | -52.5% |
| Fixed assets | 21/28 | €28 | €0 | -€28 | -100.0% |
| Tangible fixed assets | 22/27 | €28 | €0 | -€28 | -100.0% |
| Furniture and vehicles | 24 | €28 | €0 | -€28 | -100.0% |
| Current assets | 29/58 | €105,830 | €50,234 | -€55,596 | -52.5% |
| Amounts receivable after more than one year | 29 | €71,842 | €0 | -€71,842 | -100.0% |
| Other amounts receivable | 291 | €71,842 | €0 | -€71,842 | -100.0% |
| Amounts receivable within one year | 40/41 | €5,694 | €5,809 | +€115 | +2.0% |
| Trade receivables | 40 | €2,000 | €121 | -€1,879 | -94.0% |
| Other amounts receivable | 41 | €3,694 | €5,688 | +€1,994 | +54.0% |
| Cash at bank and in hand | 54/58 | €28,030 | €43,903 | +€15,872 | +56.6% |
| Deferred charges and accrued income | 490/1 | €264 | €522 | +€258 | +97.8% |
| Total equity and liabilities | 10/49 | €105,858 | €50,234 | -€55,624 | -52.5% |
| Equity | 10/15 | €8,704 | €10,827 | +€2,123 | +24.4% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €1,204 | €3,327 | +€2,123 | +176.3% |
| Distributable reserves | 133 | €1,204 | €3,327 | +€2,123 | +176.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €97,153 | €39,406 | -€57,747 | -59.4% |
| Amounts payable within one year | 42/48 | €97,153 | €39,406 | -€57,747 | -59.4% |
| Trade debts | 44 | €1,565 | €2,561 | +€997 | +63.7% |
| Suppliers | 440/4 | €1,565 | €2,561 | +€997 | +63.7% |
| Taxes, remuneration and social security | 45 | €5,589 | €6,845 | +€1,256 | +22.5% |
| Taxes | 450/3 | €5,589 | €6,845 | +€1,256 | +22.5% |
| Other amounts payable | 47/48 | €90,000 | €30,000 | -€60,000 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366 | €28 | -€338 | -92.3% |
| Other operating charges | 640/8 | €581 | €809 | +€228 | +39.2% |
| Gross operating margin | 9900 | €16,185 | €40,643 | +€24,459 | +151.1% |
| Operating profit (loss) | 9901 | €15,237 | €39,806 | +€24,569 | +161.2% |
| Financial income | 75/76B | €2,019 | €966 | -€1,054 | -52.2% |
| Recurring financial income | 75 | €2,019 | €966 | -€1,054 | -52.2% |
| Financial charges | 65/66B | €83 | €96 | +€13 | +16.4% |
| Recurring financial charges | 65 | €83 | €96 | +€13 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €17,174 | €40,676 | +€23,502 | +136.8% |
| Income taxes | 67/77 | €3,796 | €8,553 | +€4,758 | +125.3% |
| Profit (loss) for the period | 9904 | €13,379 | €32,123 | +€18,744 | +140.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,379 | €32,123 | +€18,744 | +140.1% |
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.