ARMATHRANS: 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.
ARMATHRANS
Largest movements
- Receivables within one year +€24,479
up €24,479 (+29.9%), from €81,909 to €106,388
of which Other amounts receivable: +€14,395
- Tangible fixed assets +€3,034
up €3,034 (+27185.9%), from €11 to €3,045
of which Furniture and vehicles: +€3,034
- Tax, wage and social debts +€26,729
up €26,729 (+66.3%), from €40,287 to €67,016
of which Taxes: +€28,051
- Other debts -€17,100
down €17,100 (-100.0%), from €17,100 to €0
- Profit (loss) carried forward +€9,725
up €9,725 (+9.1%), from -€107,034 to -€97,310
- Trade debts +€8,185
up €8,185 (+73.4%), from €11,150 to €19,335
- Gross operating margin -€63,541
down €63,541 (-91.0%), from €69,831 to €6,290
- Staff costs -€13,150
down €13,150, from €11,893 to -€1,257
- Taxes -€5,230
down €5,230 (-93.3%), from €5,609 to €379
- Financial charges -€2,899
down €2,899 (-71.5%), from €4,054 to €1,155
- Other operating charges -€2,230
down €2,230 (-100.0%), from €2,230 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,434 | €123,852 | +€27,418 | +28.4% |
| Fixed assets | 21/28 | €14,336 | €17,370 | +€3,034 | +21.2% |
| Tangible fixed assets | 22/27 | €11 | €3,045 | +€3,034 | +27185.9% |
| Furniture and vehicles | 24 | €11 | €3,045 | +€3,034 | +27185.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €14,325 | €14,325 | = | 0.0% |
| Current assets | 29/58 | €82,098 | €106,482 | +€24,384 | +29.7% |
| Amounts receivable within one year | 40/41 | €81,909 | €106,388 | +€24,479 | +29.9% |
| Trade receivables | 40 | €2,780 | €12,864 | +€10,084 | +362.7% |
| Other amounts receivable | 41 | €79,129 | €93,524 | +€14,395 | +18.2% |
| Cash at bank and in hand | 54/58 | €35 | €94 | +€59 | +169.1% |
| Deferred charges and accrued income | 490/1 | €154 | €0 | -€154 | -100.0% |
| Total equity and liabilities | 10/49 | €96,434 | €123,852 | +€27,418 | +28.4% |
| Equity | 10/15 | €22,721 | €32,445 | +€9,725 | +42.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €79,755 | €79,755 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,061 | €1,061 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,061 | €1,061 | = | 0.0% |
| Distributable reserves | 133 | €78,694 | €78,694 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,034 | -€97,310 | +€9,725 | +9.1% |
| Amounts payable | 17/49 | €73,713 | €91,407 | +€17,694 | +24.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €73,713 | €91,407 | +€17,694 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €5,177 | €5,056 | -€120 | -2.3% |
| Credit institutions | 430/8 | €5,177 | €5,056 | -€120 | -2.3% |
| Trade debts | 44 | €11,150 | €19,335 | +€8,185 | +73.4% |
| Suppliers | 440/4 | €11,150 | €19,335 | +€8,185 | +73.4% |
| Taxes, remuneration and social security | 45 | €40,287 | €67,016 | +€26,729 | +66.3% |
| Taxes | 450/3 | €38,964 | €67,016 | +€28,051 | +72.0% |
| Remuneration and social security | 454/9 | €1,322 | €0 | -€1,322 | -100.0% |
| Other amounts payable | 47/48 | €17,100 | €0 | -€17,100 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €11,893 | -€1,257 | -€13,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211 | €1,176 | +€965 | +457.7% |
| Other operating charges | 640/8 | €2,230 | €0 | -€2,230 | -100.0% |
| Gross operating margin | 9900 | €69,831 | €6,290 | -€63,541 | -91.0% |
| Operating profit (loss) | 9901 | €55,497 | €6,371 | -€49,126 | -88.5% |
| Financial income | 75/76B | €4,747 | €4,887 | +€141 | +3.0% |
| Recurring financial income | 75 | €4,747 | €4,887 | +€141 | +3.0% |
| Financial charges | 65/66B | €4,054 | €1,155 | -€2,899 | -71.5% |
| Recurring financial charges | 65 | €4,054 | €1,155 | -€2,899 | -71.5% |
| Profit (loss) for the period before taxes | 9903 | €56,190 | €10,103 | -€46,086 | -82.0% |
| Income taxes | 67/77 | €5,609 | €379 | -€5,230 | -93.3% |
| Profit (loss) for the period | 9904 | €50,581 | €9,725 | -€40,856 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,581 | €9,725 | -€40,856 | -80.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.