ARMAX CONSULTING: 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.
ARMAX CONSULTING
Largest movements
- Cash +€50,820
up €50,820 (+268%), from €18,935 to €69,755
mainly Net result for the year (+€42,003) and Stocks and contracts (+€10,000)
- Stocks and contracts -€10,000
no longer reported in 2025 (was €10,000)
- Deferred charges and accrued income -€3,941
no longer reported in 2025 (was €3,941)
- Profit (loss) carried forward +€42,003
up €42,003 (+15,737%), from €267 to €42,270
- Debts after one year -€5,561
no longer reported in 2025 (was €5,561)
- Tax, wage and social debts +€4,954
up €4,954 (+109%), from €4,537 to €9,491
- Current portion of long-term debt -€1,525
down €1,525 (-21.5%), from €7,086 to €5,561
- Other debts -€1,399
down €1,399 (-9.2%), from €15,158 to €13,759
- Gross operating margin +€50,802
up €50,802 (+909%), from €5,590 to €56,393
- Taxes +€10,039
up €10,039 (+418%), from €2,403 to €12,442
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 | €45,448 | €82,911 | +€37,462 | +82.4% |
| Current assets | 29/58 | €45,448 | €82,911 | +€37,462 | +82.4% |
| Stocks and contracts in progress | 3 | €10,000 | - | -€10,000 | |
| Contracts in progress | 37 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €12,572 | €13,155 | +€583 | +4.6% |
| Trade receivables | 40 | €11,853 | €13,155 | +€1,302 | +11.0% |
| Other amounts receivable | 41 | €718 | - | -€718 | |
| Cash at bank and in hand | 54/58 | €18,935 | €69,755 | +€50,820 | +268% |
| Deferred charges and accrued income | 490/1 | €3,941 | - | -€3,941 | |
| Total equity and liabilities | 10/49 | €45,448 | €82,911 | +€37,462 | +82.4% |
| Equity | 10/15 | €4,327 | €46,330 | +€42,003 | +971% |
| Contributions | 10/11 | €60 | €60 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €267 | €42,270 | +€42,003 | +15,737% |
| Amounts payable | 17/49 | €41,121 | €36,581 | -€4,541 | -11.0% |
| Amounts payable after more than one year | 17 | €5,561 | - | -€5,561 | |
| Financial debts | 170/4 | €5,561 | - | -€5,561 | |
| Amounts payable within one year | 42/48 | €35,561 | €36,489 | +€929 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €7,086 | €5,561 | -€1,525 | -21.5% |
| Trade debts | 44 | €8,779 | €7,679 | -€1,101 | -12.5% |
| Suppliers | 440/4 | €8,779 | €7,679 | -€1,101 | -12.5% |
| Taxes, remuneration and social security | 45 | €4,537 | €9,491 | +€4,954 | +109% |
| Taxes | 450/3 | €4,537 | €9,491 | +€4,954 | +109% |
| Other amounts payable | 47/48 | €15,158 | €13,759 | -€1,399 | -9.2% |
| Accrued charges and deferred income | 492/3 | - | €91 | +€91 | |
| Other operating charges | 640/8 | €715 | €1,171 | +€456 | +63.8% |
| Gross operating margin | 9900 | €5,590 | €56,393 | +€50,802 | +909% |
| Operating profit (loss) | 9901 | €4,875 | €55,222 | +€50,347 | +1,033% |
| Financial income | 75/76B | €71 | €165 | +€94 | +132% |
| Recurring financial income | 75 | €71 | €165 | +€94 | +132% |
| Financial charges | 65/66B | €1,431 | €942 | -€488 | -34.1% |
| Recurring financial charges | 65 | €1,431 | €942 | -€488 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €3,516 | €54,445 | +€50,929 | +1,449% |
| Income taxes | 67/77 | €2,403 | €12,442 | +€10,039 | +418% |
| Profit (loss) for the period | 9904 | €1,113 | €42,003 | +€40,890 | +3,674% |
| Profit (loss) for the period to be appropriated | 9905 | €1,113 | €42,003 | +€40,890 | +3,674% |
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 30 October 2026 via checked.be.