ARMAAN EXPRESS: 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.
ARMAAN EXPRESS
Largest movements
- Stocks and contracts -€5,438
no longer reported in 2025 (was €5,438)
- Intangible fixed assets -€2,000
down €2,000 (-44.2%), from €4,521 to €2,521
- Cash -€492
down €492 (-82.3%), from €598 to €106
mainly Debts after one year (-€6,967) and Net result for the year (-€2,497)
- Deferred charges and accrued income -€421
no longer reported in 2025 (was €421)
- Receivables within one year +€209
new in 2025: €209
- Debts after one year -€6,967
down €6,967 (-32.1%), from €21,735 to €14,768
- Contributions +€5,000
up €5,000 (+50.0%), from €10,000 to €15,000
- Profit (loss) carried forward -€2,497
down €2,497 (-8.8%), from -€28,533 to -€31,030
- Other debts -€1,972
down €1,972 (-35.8%), from €5,502 to €3,530
- Tax, wage and social debts -€1,637
down €1,637 (-94.4%), from €1,735 to €98
of which Remuneration and social security: -€998
- Turnover -€128,766
down €128,766 (-95.9%), from €134,205 to €5,438
- Purchases and services -€126,956
down €126,956 (-95.4%), from €133,144 to €6,188
- Staff costs -€23,656
down €23,656 (-98.8%), from €23,932 to €277
- Gross operating margin -€1,854
down €1,854 (-84.6%), from €2,192 to €338
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 | €10,978 | €2,835 | -€8,143 | -74.2% |
| Fixed assets | 21/28 | €4,521 | €2,521 | -€2,000 | -44.2% |
| Intangible fixed assets | 21 | €4,521 | €2,521 | -€2,000 | -44.2% |
| Current assets | 29/58 | €6,458 | €315 | -€6,143 | -95.1% |
| Stocks and contracts in progress | 3 | €5,438 | - | -€5,438 | |
| Stocks | 30/36 | €5,438 | - | -€5,438 | |
| Amounts receivable within one year | 40/41 | - | €209 | +€209 | |
| Other amounts receivable | 41 | - | €209 | +€209 | |
| Cash at bank and in hand | 54/58 | €598 | €106 | -€492 | -82.3% |
| Deferred charges and accrued income | 490/1 | €421 | - | -€421 | |
| Total equity and liabilities | 10/49 | €10,978 | €2,835 | -€8,143 | -74.2% |
| Equity | 10/15 | -€18,533 | -€16,030 | +€2,503 | +13.5% |
| Contributions | 10/11 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Profit (loss) carried forward | 14 | -€28,533 | -€31,030 | -€2,497 | -8.8% |
| Amounts payable | 17/49 | €29,511 | €18,865 | -€10,646 | -36.1% |
| Amounts payable after more than one year | 17 | €21,735 | €14,768 | -€6,967 | -32.1% |
| Other amounts payable | 178/9 | €21,735 | €14,768 | -€6,967 | -32.1% |
| Amounts payable within one year | 42/48 | €7,776 | €4,097 | -€3,678 | -47.3% |
| Trade debts | 44 | €540 | €470 | -€70 | -12.9% |
| Suppliers | 440/4 | €540 | €470 | -€70 | -12.9% |
| Taxes, remuneration and social security | 45 | €1,735 | €98 | -€1,637 | -94.4% |
| Taxes | 450/3 | €737 | €98 | -€639 | -86.7% |
| Remuneration and social security | 454/9 | €998 | - | -€998 | |
| Other amounts payable | 47/48 | €5,502 | €3,530 | -€1,972 | -35.8% |
| Turnover | 70 | €134,205 | €5,438 | -€128,766 | -95.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €133,144 | €6,188 | -€126,956 | -95.4% |
| Remuneration, social security and pensions | 62 | €23,932 | €277 | -€23,656 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,000 | = | 0.0% |
| Other operating charges | 640/8 | €667 | €420 | -€247 | -37.1% |
| Gross operating margin | 9900 | €2,192 | €338 | -€1,854 | -84.6% |
| Operating profit (loss) | 9901 | -€24,407 | -€2,358 | +€22,049 | +90.3% |
| Financial charges | 65/66B | €100 | €139 | +€39 | +39.6% |
| Recurring financial charges | 65 | €100 | €139 | +€39 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,507 | -€2,497 | +€22,010 | +89.8% |
| Profit (loss) for the period | 9904 | -€24,507 | -€2,497 | +€22,010 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,507 | -€2,497 | +€22,010 | +89.8% |
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.