ARMAN: 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.
ARMAN
Largest movements
- Stocks and contracts +€40,000
up €40,000 (+121%), from €33,171 to €73,171
- Cash -€18,915
down €18,915 (-45.3%), from €41,715 to €22,800
mainly Tax, wage and social debts (-€54,687) and Stocks and contracts (-€40,000)
- Tangible fixed assets -€9,892
down €9,892 (-35.2%), from €28,117 to €18,225
of which Furniture and vehicles: -€6,890
- Receivables within one year -€2,463
down €2,463 (-97.9%), from €2,515 to €52
- Other debts +€69,688
up €69,688 (+4,148%), from €1,680 to €71,368
- Tax, wage and social debts -€54,687
down €54,687 (-70.3%), from €77,836 to €23,149
of which Remuneration and social security: -€56,023
- Profit (loss) carried forward -€12,081
down €12,081 (-62.6%), from €19,298 to €7,216
- Trade debts +€5,811
up €5,811 (+3,076%), from €189 to €6,000
- Purchases and services +€191,325
up €191,325 (+12.1%), from €1.6m to €1.8m
- Turnover +€149,373
up €149,373 (+8.8%), from €1.7m to €1.8m
- Gross operating margin -€41,903
down €41,903 (-38.9%), from €107,633 to €65,730
- Staff costs -€23,575
down €23,575 (-35.8%), from €65,832 to €42,257
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 | €115,816 | €124,546 | +€8,730 | +7.5% |
| Fixed assets | 21/28 | €38,416 | €28,524 | -€9,892 | -25.8% |
| Tangible fixed assets | 22/27 | €28,117 | €18,225 | -€9,892 | -35.2% |
| Plant, machinery and equipment | 23 | €4,668 | €2,795 | -€1,873 | -40.1% |
| Furniture and vehicles | 24 | €15,115 | €8,226 | -€6,890 | -45.6% |
| Other tangible fixed assets | 26 | €8,334 | €7,204 | -€1,130 | -13.6% |
| Financial fixed assets | 28 | €10,299 | €10,299 | = | 0.0% |
| Current assets | 29/58 | €77,400 | €96,022 | +€18,622 | +24.1% |
| Stocks and contracts in progress | 3 | €33,171 | €73,171 | +€40,000 | +121% |
| Stocks | 30/36 | €33,171 | €73,171 | +€40,000 | +121% |
| Amounts receivable within one year | 40/41 | €2,515 | €52 | -€2,463 | -97.9% |
| Other amounts receivable | 41 | €2,515 | €52 | -€2,463 | -97.9% |
| Cash at bank and in hand | 54/58 | €41,715 | €22,800 | -€18,915 | -45.3% |
| Total equity and liabilities | 10/49 | €115,816 | €124,546 | +€8,730 | +7.5% |
| Equity | 10/15 | €36,111 | €24,030 | -€12,081 | -33.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,414 | €4,414 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,554 | €2,554 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,298 | €7,216 | -€12,081 | -62.6% |
| Amounts payable | 17/49 | €79,705 | €100,516 | +€20,812 | +26.1% |
| Amounts payable within one year | 42/48 | €79,705 | €100,516 | +€20,812 | +26.1% |
| Trade debts | 44 | €189 | €6,000 | +€5,811 | +3,076% |
| Suppliers | 440/4 | €189 | €6,000 | +€5,811 | +3,076% |
| Taxes, remuneration and social security | 45 | €77,836 | €23,149 | -€54,687 | -70.3% |
| Taxes | 450/3 | €5,135 | €6,470 | +€1,336 | +26.0% |
| Remuneration and social security | 454/9 | €72,701 | €16,678 | -€56,023 | -77.1% |
| Other amounts payable | 47/48 | €1,680 | €71,368 | +€69,688 | +4,148% |
| Turnover | 70 | €1,692,963 | €1,842,335 | +€149,373 | +8.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,586,930 | €1,778,255 | +€191,325 | +12.1% |
| Remuneration, social security and pensions | 62 | €65,832 | €42,257 | -€23,575 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,280 | €9,892 | -€10,388 | -51.2% |
| Other operating charges | 640/8 | €19,797 | €18,530 | -€1,267 | -6.4% |
| Gross operating margin | 9900 | €107,633 | €65,730 | -€41,903 | -38.9% |
| Operating profit (loss) | 9901 | €1,724 | -€4,949 | -€6,672 | |
| Financial charges | 65/66B | €5,140 | €6,183 | +€1,043 | +20.3% |
| Recurring financial charges | 65 | €5,140 | €6,183 | +€1,043 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,417 | -€11,131 | -€7,715 | -226% |
| Income taxes | 67/77 | €2,300 | €950 | -€1,350 | -58.7% |
| Profit (loss) for the period | 9904 | -€5,717 | -€12,081 | -€6,365 | -111% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,717 | -€12,081 | -€6,365 | -111% |
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.