ARMARE CONSTRUCTION: 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.
ARMARE CONSTRUCTION
Largest movements
- Stocks and contracts -€14,199
down €14,199 (-79.2%), from €17,917 to €3,718
- Receivables within one year +€4,109
up €4,109 (+26.9%), from €15,301 to €19,410
- Tangible fixed assets -€2,931
down €2,931 (-15.2%), from €19,283 to €16,352
- Tax, wage and social debts -€10,365
down €10,365 (-91.0%), from €11,385 to €1,020
of which Remuneration and social security: -€8,052
- Debts after one year -€4,186
down €4,186 (-24.1%), from €17,404 to €13,218
- Profit (loss) carried forward +€1,147
up €1,147 (+7.7%), from €14,985 to €16,132
- Gross operating margin +€4,037
up €4,037 (+129%), from €3,128 to €7,166
- Depreciation +€3,164
up €3,164 (+328%), from €965 to €4,129
- Financial charges +€741
up €741 (+173%), from €428 to €1,169
- Other operating charges -€164
down €164 (-50.0%), from €327 to €164
- Taxes +€137
up €137 (+32.8%), from €419 to €557
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 | €52,759 | €39,584 | -€13,175 | -25.0% |
| Fixed assets | 21/28 | €19,283 | €16,352 | -€2,931 | -15.2% |
| Tangible fixed assets | 22/27 | €19,283 | €16,352 | -€2,931 | -15.2% |
| Furniture and vehicles | 24 | €19,283 | €16,352 | -€2,931 | -15.2% |
| Current assets | 29/58 | €33,477 | €23,233 | -€10,244 | -30.6% |
| Stocks and contracts in progress | 3 | €17,917 | €3,718 | -€14,199 | -79.2% |
| Stocks | 30/36 | €17,917 | €3,718 | -€14,199 | -79.2% |
| Amounts receivable within one year | 40/41 | €15,301 | €19,410 | +€4,109 | +26.9% |
| Other amounts receivable | 41 | €15,301 | €19,410 | +€4,109 | +26.9% |
| Cash at bank and in hand | 54/58 | €259 | €105 | -€154 | -59.5% |
| Total equity and liabilities | 10/49 | €52,759 | €39,584 | -€13,175 | -25.0% |
| Equity | 10/15 | €19,985 | €21,132 | +€1,147 | +5.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,985 | €16,132 | +€1,147 | +7.7% |
| Amounts payable | 17/49 | €32,774 | €18,452 | -€14,322 | -43.7% |
| Amounts payable after more than one year | 17 | €17,404 | €13,218 | -€4,186 | -24.1% |
| Financial debts | 170/4 | €17,404 | €13,218 | -€4,186 | -24.1% |
| Amounts payable within one year | 42/48 | €15,370 | €5,234 | -€10,136 | -65.9% |
| Current portion of amounts payable after more than one year | 42 | €3,957 | €4,186 | +€228 | +5.8% |
| Trade debts | 44 | €27 | €27 | +€1 | +2.3% |
| Suppliers | 440/4 | €27 | €27 | +€1 | +2.3% |
| Taxes, remuneration and social security | 45 | €11,385 | €1,020 | -€10,365 | -91.0% |
| Taxes | 450/3 | €3,334 | €1,020 | -€2,313 | -69.4% |
| Remuneration and social security | 454/9 | €8,052 | - | -€8,052 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €965 | €4,129 | +€3,164 | +328% |
| Other operating charges | 640/8 | €327 | €164 | -€164 | -50.0% |
| Gross operating margin | 9900 | €3,128 | €7,166 | +€4,037 | +129% |
| Operating profit (loss) | 9901 | €1,836 | €2,872 | +€1,037 | +56.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -94.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -94.7% |
| Financial charges | 65/66B | €428 | €1,169 | +€741 | +173% |
| Recurring financial charges | 65 | €428 | €1,169 | +€741 | +173% |
| Profit (loss) for the period before taxes | 9903 | €1,408 | €1,704 | +€295 | +21.0% |
| Income taxes | 67/77 | €419 | €557 | +€137 | +32.8% |
| Profit (loss) for the period | 9904 | €989 | €1,147 | +€158 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €989 | €1,147 | +€158 | +15.9% |
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 24 October 2026 via checked.be.