Armani Construct: 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.
Armani Construct
Largest movements
- Receivables within one year +€52,895
up €52,895 (+142.3%), from €37,175 to €90,070
of which Other amounts receivable: +€61,550
- Profit (loss) carried forward +€32,221
up €32,221 (+121.2%), from €26,588 to €58,809
- Tax, wage and social debts +€11,646
up €11,646 (+89.1%), from €13,071 to €24,717
- Trade debts +€8,522
new in 2025: €8,522
- Gross operating margin +€9,591
up €9,591 (+25.8%), from €37,117 to €46,708
- Taxes +€3,487
up €3,487 (+32.8%), from €10,615 to €14,102
- Financial income +€2,223
up €2,223 (+300.4%), from €740 to €2,963
- Other operating charges +€1,217
up €1,217 (+390.9%), from €311 to €1,529
- Depreciation -€482
down €482 (-23.6%), from €2,043 to €1,561
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 | €42,659 | €95,048 | +€52,389 | +122.8% |
| Fixed assets | 21/28 | €4,713 | €3,852 | -€862 | -18.3% |
| Tangible fixed assets | 22/27 | €4,713 | €3,852 | -€862 | -18.3% |
| Furniture and vehicles | 24 | €4,713 | €3,852 | -€862 | -18.3% |
| Current assets | 29/58 | €37,946 | €91,196 | +€53,251 | +140.3% |
| Amounts receivable within one year | 40/41 | €37,175 | €90,070 | +€52,895 | +142.3% |
| Trade receivables | 40 | €11,481 | €2,826 | -€8,655 | -75.4% |
| Other amounts receivable | 41 | €25,694 | €87,244 | +€61,550 | +239.6% |
| Cash at bank and in hand | 54/58 | €678 | €494 | -€184 | -27.1% |
| Deferred charges and accrued income | 490/1 | €93 | €632 | +€539 | +580.9% |
| Total equity and liabilities | 10/49 | €42,659 | €95,048 | +€52,389 | +122.8% |
| Equity | 10/15 | €29,588 | €61,809 | +€32,221 | +108.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,588 | €58,809 | +€32,221 | +121.2% |
| Amounts payable | 17/49 | €13,071 | €33,239 | +€20,168 | +154.3% |
| Amounts payable within one year | 42/48 | €13,071 | €33,239 | +€20,168 | +154.3% |
| Trade debts | 44 | - | €8,522 | +€8,522 | |
| Suppliers | 440/4 | - | €8,522 | +€8,522 | |
| Taxes, remuneration and social security | 45 | €13,071 | €24,717 | +€11,646 | +89.1% |
| Taxes | 450/3 | €13,071 | €24,717 | +€11,646 | +89.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,043 | €1,561 | -€482 | -23.6% |
| Other operating charges | 640/8 | €311 | €1,529 | +€1,217 | +390.9% |
| Gross operating margin | 9900 | €37,117 | €46,708 | +€9,591 | +25.8% |
| Operating profit (loss) | 9901 | €34,763 | €43,619 | +€8,857 | +25.5% |
| Financial income | 75/76B | €740 | €2,963 | +€2,223 | +300.4% |
| Recurring financial income | 75 | €740 | €2,963 | +€2,223 | +300.4% |
| Financial charges | 65/66B | €456 | €259 | -€197 | -43.2% |
| Recurring financial charges | 65 | €456 | €259 | -€197 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €35,047 | €46,323 | +€11,276 | +32.2% |
| Income taxes | 67/77 | €10,615 | €14,102 | +€3,487 | +32.8% |
| Profit (loss) for the period | 9904 | €24,432 | €32,221 | +€7,789 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,432 | €32,221 | +€7,789 | +31.9% |
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 28 September 2026 via checked.be.