ARMA-SUPPLY: 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-SUPPLY
Largest movements
- Stocks and contracts +€27,311
up €27,311 (+20.1%), from €136,209 to €163,520
of which Stocks: +€27,311
- Receivables within one year -€2,879
down €2,879 (-11.9%), from €24,238 to €21,359
of which Trade receivables: -€2,100
- Profit (loss) carried forward +€27,258
up €27,258, from -€27,258 to €0
- Debts after one year -€3,293
down €3,293 (-2.0%), from €165,363 to €162,070
- Reserves +€2,310
new in 2025: €2,310
- Gross operating margin +€33,364
up €33,364, from -€2,545 to €30,819
- Taxes -€20,426
down €20,426 (-98.9%), from €20,657 to €231
- Other operating charges -€6,925
down €6,925 (-94.0%), from €7,367 to €442
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 | €162,931 | €188,628 | +€25,697 | +15.8% |
| Current assets | 29/58 | €162,931 | €188,628 | +€25,697 | +15.8% |
| Stocks and contracts in progress | 3 | €136,209 | €163,520 | +€27,311 | +20.1% |
| Stocks | 30/36 | €136,209 | €163,520 | +€27,311 | +20.1% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €24,238 | €21,359 | -€2,879 | -11.9% |
| Trade receivables | 40 | €23,356 | €21,256 | -€2,100 | -9.0% |
| Other amounts receivable | 41 | €882 | €103 | -€779 | -88.3% |
| Cash at bank and in hand | 54/58 | €2,484 | €3,749 | +€1,265 | +50.9% |
| Total equity and liabilities | 10/49 | €162,931 | €188,628 | +€25,697 | +15.8% |
| Equity | 10/15 | -€14,858 | €14,710 | +€29,568 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €2,310 | +€2,310 | |
| Distributable reserves | 133 | - | €2,310 | +€2,310 | |
| Profit (loss) carried forward | 14 | -€27,258 | €0 | +€27,258 | |
| Amounts payable | 17/49 | €177,789 | €173,918 | -€3,871 | -2.2% |
| Amounts payable after more than one year | 17 | €165,363 | €162,070 | -€3,293 | -2.0% |
| Financial debts | 170/4 | €165,363 | €162,070 | -€3,293 | -2.0% |
| Amounts payable within one year | 42/48 | €12,426 | €11,848 | -€577 | -4.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €12,419 | €10,628 | -€1,791 | -14.4% |
| Suppliers | 440/4 | €12,419 | €10,628 | -€1,791 | -14.4% |
| Taxes, remuneration and social security | 45 | €7 | €1,220 | +€1,214 | +18443.5% |
| Taxes | 450/3 | €7 | €1,220 | +€1,214 | +18443.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €7,367 | €442 | -€6,925 | -94.0% |
| Gross operating margin | 9900 | -€2,545 | €30,819 | +€33,364 | |
| Operating profit (loss) | 9901 | -€9,912 | €30,377 | +€40,289 | |
| Financial income | 75/76B | €2 | €10 | +€8 | +441.9% |
| Recurring financial income | 75 | €2 | €10 | +€8 | +441.9% |
| Financial charges | 65/66B | €674 | €588 | -€86 | -12.7% |
| Recurring financial charges | 65 | €674 | €588 | -€86 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,584 | €29,799 | +€40,384 | |
| Income taxes | 67/77 | €20,657 | €231 | -€20,426 | -98.9% |
| Profit (loss) for the period | 9904 | -€31,241 | €29,568 | +€60,809 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,241 | €29,568 | +€60,809 |
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 2 October 2026 via checked.be.