ARMAR TRANS: 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.
ARMAR TRANS
Largest movements
- Tangible fixed assets -€138,684
down €138,684 (-46.7%), from €296,750 to €158,067
of which Leasing and similar rights: -€137,894
- Financial fixed assets +€13,315
up €13,315 (+230%), from €5,800 to €19,115
- Cash +€9,191
up €9,191 (+795%), from €1,156 to €10,347
mainly Investment in fixed assets (net) (+€85,257) and Depreciation (+€40,112)
- Debts after one year -€108,275
down €108,275 (-62.2%), from €174,023 to €65,748
- Current portion of long-term debt -€24,426
down €24,426 (-26.9%), from €90,811 to €66,384
- Trade debts +€13,264
up €13,264 (+28.5%), from €46,468 to €59,732
- Accrued charges and deferred income +€10,053
up €10,053 (+5,027%), from €200 to €10,253
- Other debts -€9,645
down €9,645 (-97.6%), from €9,883 to €238
- Gross operating margin +€77,629
up €77,629 (+56.6%), from €137,090 to €214,718
- Staff costs +€70,306
up €70,306 (+155%), from €45,478 to €115,784
- Depreciation -€11,705
down €11,705 (-22.6%), from €51,817 to €40,112
- Financial charges -€3,022
down €3,022 (-9.5%), from €31,681 to €28,659
- Other operating charges -€2,413
down €2,413 (-24.4%), from €9,902 to €7,488
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 | €419,928 | €303,859 | -€116,069 | -27.6% |
| Fixed assets | 21/28 | €302,550 | €177,182 | -€125,369 | -41.4% |
| Tangible fixed assets | 22/27 | €296,750 | €158,067 | -€138,684 | -46.7% |
| Plant, machinery and equipment | 23 | €1,087 | €297 | -€790 | -72.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €295,664 | €157,770 | -€137,894 | -46.6% |
| Financial fixed assets | 28 | €5,800 | €19,115 | +€13,315 | +230% |
| Current assets | 29/58 | €117,378 | €126,678 | +€9,300 | +7.9% |
| Amounts receivable after more than one year | 29 | - | €3,600 | +€3,600 | |
| Other amounts receivable | 291 | - | €3,600 | +€3,600 | |
| Amounts receivable within one year | 40/41 | €111,161 | €109,405 | -€1,756 | -1.6% |
| Trade receivables | 40 | €71,418 | €93,444 | +€22,026 | +30.8% |
| Other amounts receivable | 41 | €39,743 | €15,961 | -€23,782 | -59.8% |
| Cash at bank and in hand | 54/58 | €1,156 | €10,347 | +€9,191 | +795% |
| Deferred charges and accrued income | 490/1 | €5,061 | €3,325 | -€1,736 | -34.3% |
| Total equity and liabilities | 10/49 | €419,928 | €303,859 | -€116,069 | -27.6% |
| Equity | 10/15 | €52,765 | €49,450 | -€3,315 | -6.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,565 | €43,250 | -€3,315 | -7.1% |
| Amounts payable | 17/49 | €367,164 | €254,410 | -€112,754 | -30.7% |
| Amounts payable after more than one year | 17 | €174,023 | €65,748 | -€108,275 | -62.2% |
| Financial debts | 170/4 | €174,023 | €65,748 | -€108,275 | -62.2% |
| Amounts payable within one year | 42/48 | €192,940 | €178,409 | -€14,532 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €90,811 | €66,384 | -€24,426 | -26.9% |
| Financial debts | 43 | €3,918 | €7,194 | +€3,276 | +83.6% |
| Credit institutions | 430/8 | €3,918 | €7,194 | +€3,276 | +83.6% |
| Trade debts | 44 | €46,468 | €59,732 | +€13,264 | +28.5% |
| Suppliers | 440/4 | €46,468 | €59,732 | +€13,264 | +28.5% |
| Taxes, remuneration and social security | 45 | €41,861 | €44,861 | +€3,000 | +7.2% |
| Taxes | 450/3 | €36,063 | €33,586 | -€2,476 | -6.9% |
| Remuneration and social security | 454/9 | €5,798 | €11,274 | +€5,476 | +94.4% |
| Other amounts payable | 47/48 | €9,883 | €238 | -€9,645 | -97.6% |
| Accrued charges and deferred income | 492/3 | €200 | €10,253 | +€10,053 | +5,027% |
| Non-recurring operating income | 76A | €0 | €1,805 | +€1,805 | |
| Remuneration, social security and pensions | 62 | €45,478 | €115,784 | +€70,306 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,817 | €40,112 | -€11,705 | -22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €849 | +€849 | |
| Other operating charges | 640/8 | €9,902 | €7,488 | -€2,413 | -24.4% |
| Non-recurring operating charges | 66A | - | €24,999 | +€24,999 | |
| Gross operating margin | 9900 | €137,090 | €214,718 | +€77,629 | +56.6% |
| Operating profit (loss) | 9901 | €29,893 | €25,486 | -€4,407 | -14.7% |
| Financial income | 75/76B | €2,263 | €922 | -€1,340 | -59.2% |
| Recurring financial income | 75 | €2,263 | €922 | -€1,340 | -59.2% |
| Financial charges | 65/66B | €31,681 | €28,659 | -€3,022 | -9.5% |
| Recurring financial charges | 65 | €31,681 | €28,659 | -€3,022 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €475 | -€2,250 | -€2,725 | |
| Income taxes | 67/77 | €1,960 | €1,065 | -€895 | -45.7% |
| Profit (loss) for the period | 9904 | -€1,485 | -€3,315 | -€1,830 | -123% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,485 | -€3,315 | -€1,830 | -123% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.