ARMAN BO1: 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 BO1
Largest movements
- Tangible fixed assets -€382,532
down €382,532 (-3.6%), from €10.6m to €10.3m
of which Land and buildings: -€381,511
- Receivables within one year -€289,792
down €289,792 (-38.7%), from €749,624 to €459,832
of which Other amounts receivable: -€499,313
- Profit (loss) carried forward -€465,055
down €465,055 (-88.9%), from -€523,416 to -€988,471
- Revaluation surpluses -€261,531
down €261,531 (-3.1%), from €8.3m to €8.1m
- Reserves +€246,571
up €246,571 (+52.5%), from €469,245 to €715,816
of which Distributable reserves: +€261,531
- Other debts -€147,083
down €147,083 (-35.9%), from €409,373 to €262,290
- Gross operating margin -€187,443
down €187,443 (-45.6%), from €411,385 to €223,942
- Depreciation +€47,357
up €47,357 (+8.9%), from €533,468 to €580,825
- Financial charges -€31,116
down €31,116 (-26.5%), from €117,416 to €86,299
- Other operating charges +€15,869
up €15,869 (+61.1%), from €25,951 to €41,820
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 | €11,405,675 | €10,717,039 | -€688,636 | -6.0% |
| Fixed assets | 21/28 | €10,635,909 | €10,253,376 | -€382,532 | -3.6% |
| Tangible fixed assets | 22/27 | €10,635,909 | €10,253,376 | -€382,532 | -3.6% |
| Land and buildings | 22 | €10,633,615 | €10,252,104 | -€381,511 | -3.6% |
| Plant, machinery and equipment | 23 | €2,293 | €1,272 | -€1,021 | -44.5% |
| Current assets | 29/58 | €769,766 | €463,663 | -€306,104 | -39.8% |
| Amounts receivable within one year | 40/41 | €749,624 | €459,832 | -€289,792 | -38.7% |
| Trade receivables | 40 | €75,823 | €285,344 | +€209,521 | +276% |
| Other amounts receivable | 41 | €673,801 | €174,488 | -€499,313 | -74.1% |
| Cash at bank and in hand | 54/58 | €14,748 | €169 | -€14,579 | -98.9% |
| Deferred charges and accrued income | 490/1 | €5,394 | €3,662 | -€1,732 | -32.1% |
| Total equity and liabilities | 10/49 | €11,405,675 | €10,717,039 | -€688,636 | -6.0% |
| Equity | 10/15 | €8,957,526 | €8,477,510 | -€480,016 | -5.4% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Revaluation surpluses | 12 | €8,311,697 | €8,050,166 | -€261,531 | -3.1% |
| Reserves | 13 | €469,245 | €715,816 | +€246,571 | +52.5% |
| Tax-exempt reserves | 132 | €245,073 | €230,112 | -€14,960 | -6.1% |
| Distributable reserves | 133 | €224,173 | €485,703 | +€261,531 | +117% |
| Profit (loss) carried forward | 14 | -€523,416 | -€988,471 | -€465,055 | -88.9% |
| Provisions and deferred taxes | 16 | €81,691 | €76,704 | -€4,987 | -6.1% |
| Deferred taxes | 168 | €81,691 | €76,704 | -€4,987 | -6.1% |
| Amounts payable | 17/49 | €2,366,458 | €2,162,824 | -€203,634 | -8.6% |
| Amounts payable after more than one year | 17 | €902,584 | €976,346 | +€73,762 | +8.2% |
| Financial debts | 170/4 | €889,886 | €963,648 | +€73,762 | +8.3% |
| Other amounts payable | 178/9 | €12,698 | €12,698 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,336,979 | €1,037,419 | -€299,560 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €174,560 | €109,135 | -€65,425 | -37.5% |
| Financial debts | 43 | €713,335 | €615,700 | -€97,635 | -13.7% |
| Credit institutions | 430/8 | €713,335 | €615,700 | -€97,635 | -13.7% |
| Trade debts | 44 | €20,011 | €35,483 | +€15,472 | +77.3% |
| Suppliers | 440/4 | €20,011 | €35,483 | +€15,472 | +77.3% |
| Taxes, remuneration and social security | 45 | €19,700 | €14,812 | -€4,888 | -24.8% |
| Taxes | 450/3 | €19,700 | €14,812 | -€4,888 | -24.8% |
| Other amounts payable | 47/48 | €409,373 | €262,290 | -€147,083 | -35.9% |
| Accrued charges and deferred income | 492/3 | €126,895 | €149,059 | +€22,164 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €533,468 | €580,825 | +€47,357 | +8.9% |
| Other operating charges | 640/8 | €25,951 | €41,820 | +€15,869 | +61.1% |
| Gross operating margin | 9900 | €411,385 | €223,942 | -€187,443 | -45.6% |
| Operating profit (loss) | 9901 | -€148,034 | -€398,703 | -€250,669 | -169% |
| Financial income | 75/76B | €359 | €0 | -€359 | -100% |
| Recurring financial income | 75 | €359 | €0 | -€359 | -100% |
| Financial charges | 65/66B | €117,416 | €86,299 | -€31,116 | -26.5% |
| Recurring financial charges | 65 | €117,416 | €86,299 | -€31,116 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€265,091 | -€485,002 | -€219,912 | -83.0% |
| Transfer from deferred taxes | 780 | €3,843 | €4,987 | +€1,144 | +29.8% |
| Profit (loss) for the period | 9904 | -€261,248 | -€480,016 | -€218,768 | -83.7% |
| Transfer from tax-exempt reserves | 789 | €11,529 | €14,960 | +€3,432 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€249,719 | -€465,055 | -€215,336 | -86.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.