ARMA Services: 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 Services
Largest movements
- Financial fixed assets +€205,770
new in 2025: €205,770
- Current investments +€28,062
new in 2025: €28,062
- Receivables within one year -€3,557
down €3,557 (-32.9%), from €10,803 to €7,245
of which Trade receivables: -€7,276
- Debts after one year +€160,373
new in 2025: €160,373
- Reserves +€34,478
up €34,478 (+93.3%), from €36,944 to €71,422
- Current portion of long-term debt +€30,174
new in 2025: €30,174
- Contributions +€3,000
up €3,000 (+100%), from €3,000 to €6,000
- Financial charges +€4,558
up €4,558 (+7,500%), from €61 to €4,619
- Gross operating margin +€3,163
up €3,163 (+6.4%), from €49,339 to €52,502
- Depreciation +€1,671
up €1,671 (+462%), from €362 to €2,033
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 | €41,767 | €269,683 | +€227,916 | +546% |
| Fixed assets | 21/28 | €7,792 | €213,808 | +€206,016 | +2,644% |
| Tangible fixed assets | 22/27 | €7,792 | €8,038 | +€246 | +3.2% |
| Plant, machinery and equipment | 23 | - | €1,877 | +€1,877 | |
| Furniture and vehicles | 24 | €7,792 | €6,161 | -€1,631 | -20.9% |
| Financial fixed assets | 28 | - | €205,770 | +€205,770 | |
| Current assets | 29/58 | €33,976 | €55,875 | +€21,900 | +64.5% |
| Amounts receivable within one year | 40/41 | €10,803 | €7,245 | -€3,557 | -32.9% |
| Trade receivables | 40 | €7,276 | - | -€7,276 | |
| Other amounts receivable | 41 | €3,527 | €7,245 | +€3,719 | +105% |
| Current investments | 50/53 | - | €28,062 | +€28,062 | |
| Cash at bank and in hand | 54/58 | €22,946 | €20,284 | -€2,662 | -11.6% |
| Deferred charges and accrued income | 490/1 | €227 | €284 | +€57 | +25.1% |
| Total equity and liabilities | 10/49 | €41,767 | €269,683 | +€227,916 | +546% |
| Equity | 10/15 | €39,944 | €77,422 | +€37,478 | +93.8% |
| Contributions | 10/11 | €3,000 | €6,000 | +€3,000 | +100% |
| Reserves | 13 | €36,944 | €71,422 | +€34,478 | +93.3% |
| Distributable reserves | 133 | €36,944 | €71,422 | +€34,478 | +93.3% |
| Amounts payable | 17/49 | €1,824 | €192,261 | +€190,437 | +10,442% |
| Amounts payable after more than one year | 17 | - | €160,373 | +€160,373 | |
| Financial debts | 170/4 | - | €160,373 | +€160,373 | |
| Amounts payable within one year | 42/48 | €1,824 | €31,888 | +€30,064 | +1,648% |
| Current portion of amounts payable after more than one year | 42 | - | €30,174 | +€30,174 | |
| Trade debts | 44 | €106 | €3 | -€103 | -97.0% |
| Suppliers | 440/4 | €106 | €3 | -€103 | -97.0% |
| Other amounts payable | 47/48 | €1,718 | €1,711 | -€7 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362 | €2,033 | +€1,671 | +462% |
| Other operating charges | 640/8 | €311 | €341 | +€30 | +9.7% |
| Gross operating margin | 9900 | €49,339 | €52,502 | +€3,163 | +6.4% |
| Operating profit (loss) | 9901 | €48,666 | €50,128 | +€1,462 | +3.0% |
| Financial income | 75/76B | €53 | €362 | +€309 | +579% |
| Recurring financial income | 75 | €53 | €362 | +€309 | +579% |
| Financial charges | 65/66B | €61 | €4,619 | +€4,558 | +7,500% |
| Recurring financial charges | 65 | €61 | €4,619 | +€4,558 | +7,500% |
| Profit (loss) for the period before taxes | 9903 | €48,659 | €45,871 | -€2,788 | -5.7% |
| Income taxes | 67/77 | €9,997 | €9,727 | -€270 | -2.7% |
| Profit (loss) for the period | 9904 | €38,662 | €36,144 | -€2,517 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,662 | €36,144 | -€2,517 | -6.5% |
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 13 October 2026 via checked.be.