ARMAC: 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.
ARMAC
Largest movements
- Receivables within one year +€19,269
up €19,269 (+1,240%), from €1,554 to €20,823
- Cash -€5,741
down €5,741 (-4.4%), from €130,129 to €124,388
mainly Receivables within one year (-€19,269) and Trade debts (-€972)
- Reserves +€14,341
up €14,341 (+17.8%), from €80,679 to €95,020
of which Distributable reserves: +€14,341
- Turnover -€20,823
no longer reported in 2024 (was €20,823)
- Gross operating margin +€19,560
new in 2024: €19,560
- Services and other goods -€2,595
no longer reported in 2024 (was €2,595)
- Financial income +€630
new in 2024: €630
- Taxes +€509
up €509 (+11.7%), from €4,344 to €4,853
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,923 | €280,452 | +€13,529 | +5.1% |
| Fixed assets | 21/28 | €135,241 | €135,241 | = | 0.0% |
| Tangible fixed assets | 22/27 | €135,241 | €135,241 | = | 0.0% |
| Land and buildings | 22 | €135,241 | €135,241 | = | 0.0% |
| Current assets | 29/58 | €131,682 | €145,211 | +€13,529 | +10.3% |
| Amounts receivable within one year | 40/41 | €1,554 | €20,823 | +€19,269 | +1,240% |
| Trade receivables | 40 | €1,554 | €20,823 | +€19,269 | +1,240% |
| Cash at bank and in hand | 54/58 | €130,129 | €124,388 | -€5,741 | -4.4% |
| Total equity and liabilities | 10/49 | €266,923 | €280,452 | +€13,529 | +5.1% |
| Equity | 10/15 | €263,184 | €277,524 | +€14,341 | +5.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €121,005 | €121,005 | = | 0.0% |
| Reserves | 13 | €80,679 | €95,020 | +€14,341 | +17.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €74,529 | €88,870 | +€14,341 | +19.2% |
| Amounts payable | 17/49 | €3,740 | €2,927 | -€812 | -21.7% |
| Amounts payable within one year | 42/48 | €3,740 | €2,927 | -€812 | -21.7% |
| Trade debts | 44 | €2,236 | €1,263 | -€972 | -43.5% |
| Suppliers | 440/4 | €2,236 | €1,263 | -€972 | -43.5% |
| Taxes, remuneration and social security | 45 | €1,504 | €1,664 | +€160 | +10.7% |
| Taxes | 450/3 | €1,504 | €1,664 | +€160 | +10.7% |
| Operating income | 70/76A | €20,823 | - | -€20,823 | |
| Turnover | 70 | €20,823 | - | -€20,823 | |
| Operating charges | 60/66A | €3,555 | - | -€3,555 | |
| Services and other goods | 61 | €2,595 | - | -€2,595 | |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | - | €19,560 | +€19,560 | |
| Operating profit (loss) | 9901 | €17,268 | €18,592 | +€1,324 | +7.7% |
| Financial income | 75/76B | - | €630 | +€630 | |
| Recurring financial income | 75 | - | €630 | +€630 | |
| Financial charges | 65/66B | €47 | €29 | -€18 | -38.9% |
| Recurring financial charges | 65 | €47 | €29 | -€18 | -38.9% |
| Debt charges | 650 | €23 | - | -€23 | |
| Other financial charges | 652/9 | €24 | - | -€24 | |
| Profit (loss) for the period before taxes | 9903 | €17,221 | €19,194 | +€1,973 | +11.5% |
| Income taxes | 67/77 | €4,344 | €4,853 | +€509 | +11.7% |
| Taxes | 670/3 | €4,344 | - | -€4,344 | |
| Profit (loss) for the period | 9904 | €12,877 | €14,341 | +€1,463 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,877 | €14,341 | +€1,463 | +11.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.