ARMA Projects: 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 Projects
Largest movements
- Receivables within one year -€3,479
down €3,479 (-99.0%), from €3,513 to €35
- Debts after one year -€4,765
down €4,765 (-89.6%), from €5,320 to €555
- Other debts +€2,366
up €2,366 (+517%), from €458 to €2,824
- Profit (loss) carried forward -€842
down €842 (-7.7%), from -€10,963 to -€11,805
- Trade debts -€387
no longer reported in 2025 (was €387)
- Current portion of long-term debt +€121
up €121 (+3.6%), from €3,395 to €3,515
- Financial charges -€4,209
down €4,209 (-93.9%), from €4,483 to €274
- Financial income +€427
up €427 (+1,401%), from €30 to €458
of which Non-recurring financial income: +€458
- Gross operating margin -€221
down €221 (-54.6%), from -€405 to -€626
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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.
Derived cash bridge
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 | €3,597 | €89 | -€3,508 | -97.5% |
| Current assets | 29/58 | €3,597 | €89 | -€3,508 | -97.5% |
| Amounts receivable within one year | 40/41 | €3,513 | €35 | -€3,479 | -99.0% |
| Other amounts receivable | 41 | €3,513 | €35 | -€3,479 | -99.0% |
| Cash at bank and in hand | 54/58 | €83 | €54 | -€29 | -35.2% |
| Total equity and liabilities | 10/49 | €3,597 | €89 | -€3,508 | -97.5% |
| Equity | 10/15 | -€5,963 | -€6,805 | -€842 | -14.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,963 | -€11,805 | -€842 | -7.7% |
| Amounts payable | 17/49 | €9,559 | €6,894 | -€2,666 | -27.9% |
| Amounts payable after more than one year | 17 | €5,320 | €555 | -€4,765 | -89.6% |
| Financial debts | 170/4 | €5,320 | €555 | -€4,765 | -89.6% |
| Amounts payable within one year | 42/48 | €4,240 | €6,339 | +€2,100 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €3,395 | €3,515 | +€121 | +3.6% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Other amounts payable | 47/48 | €458 | €2,824 | +€2,366 | +517% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€405 | -€626 | -€221 | -54.6% |
| Operating profit (loss) | 9901 | -€792 | -€1,025 | -€233 | -29.4% |
| Financial income | 75/76B | €30 | €458 | +€427 | +1,401% |
| Recurring financial income | 75 | €30 | €458 | +€427 | +1,401% |
| Non-recurring financial income | 76B | - | €458 | +€458 | |
| Financial charges | 65/66B | €4,483 | €274 | -€4,209 | -93.9% |
| Recurring financial charges | 65 | €4,483 | €274 | -€4,209 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,245 | -€842 | +€4,403 | +83.9% |
| Profit (loss) for the period | 9904 | -€5,245 | -€842 | +€4,403 | +83.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,245 | -€842 | +€4,403 | +83.9% |
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 30 October 2026 via checked.be.