ARMADAPP: 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.
ARMADAPP
Largest movements
- Receivables within one year +€387
up €387 (+7.7%), from €5,026 to €5,413
of which Trade receivables: +€387
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges -€911
no longer reported in 2025 (was €911)
- Gross operating margin +€442
up €442, from -€121 to €322
- Financial charges +€15
up €15 (+7.2%), from €216 to €231
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 | €32,695 | €32,935 | +€241 | +0.7% |
| Fixed assets | 21/28 | €27,500 | €27,500 | = | 0.0% |
| Intangible fixed assets | 21 | €27,500 | €27,500 | = | 0.0% |
| Current assets | 29/58 | €5,195 | €5,435 | +€241 | +4.6% |
| Amounts receivable within one year | 40/41 | €5,026 | €5,413 | +€387 | +7.7% |
| Trade receivables | 40 | €3,716 | €4,103 | +€387 | +10.4% |
| Other amounts receivable | 41 | €1,310 | €1,310 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €169 | €22 | -€147 | -86.8% |
| Total equity and liabilities | 10/49 | €32,695 | €32,935 | +€241 | +0.7% |
| Equity | 10/15 | -€8,358 | -€8,267 | +€91 | +1.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,858 | -€10,767 | +€91 | +0.8% |
| Amounts payable | 17/49 | €41,053 | €41,203 | +€150 | +0.4% |
| Amounts payable within one year | 42/48 | €41,053 | €41,203 | +€150 | +0.4% |
| Other amounts payable | 47/48 | €41,053 | €41,203 | +€150 | +0.4% |
| Other operating charges | 640/8 | €911 | - | -€911 | |
| Gross operating margin | 9900 | -€121 | €322 | +€442 | |
| Operating profit (loss) | 9901 | -€1,032 | €322 | +€1,353 | |
| Financial charges | 65/66B | €216 | €231 | +€15 | +7.2% |
| Recurring financial charges | 65 | €216 | €231 | +€15 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,247 | €91 | +€1,338 | |
| Profit (loss) for the period | 9904 | -€1,247 | €91 | +€1,338 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,247 | €91 | +€1,338 |
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 30 September 2026 via checked.be.