Armdistri: 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.
Armdistri
Largest movements
- Current investments +€109,995
new in 2025: €109,995
- Cash -€67,210
down €67,210 (-88.3%), from €76,119 to €8,909
mainly Current investments (-€109,995) and Tax, wage and social debts (-€74,073)
- Tangible fixed assets -€58,506
down €58,506 (-67.3%), from €86,946 to €28,440
- Intangible fixed assets -€40,000
down €40,000 (-33.3%), from €120,000 to €80,000
- Receivables within one year +€15,644
up €15,644 (+18.6%), from €84,004 to €99,648
of which Other amounts receivable: +€25,929
- Tax, wage and social debts -€74,073
down €74,073 (-33.1%), from €223,973 to €149,900
of which Remuneration and social security: -€149,778
- Accrued charges and deferred income +€24,521
new in 2025: €24,521
- Other debts +€20,329
new in 2025: €20,329
- Profit (loss) carried forward +€15,846
up €15,846 (+26.2%), from €60,480 to €76,327
- Trade debts -€9,811
no longer reported in 2025 (was €9,811)
- Staff costs +€68,460
up €68,460 (+8.6%), from €796,800 to €865,260
- Gross operating margin +€28,037
up €28,037 (+2.8%), from €986,425 to €1.0m
- Taxes +€17,557
up €17,557 (+477,095%), from €4 to €17,561
- Depreciation -€12,299
down €12,299 (-11.1%), from €110,805 to €98,506
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 | €389,992 | €366,804 | -€23,188 | -5.9% |
| Fixed assets | 21/28 | €215,846 | €117,340 | -€98,506 | -45.6% |
| Intangible fixed assets | 21 | €120,000 | €80,000 | -€40,000 | -33.3% |
| Tangible fixed assets | 22/27 | €86,946 | €28,440 | -€58,506 | -67.3% |
| Furniture and vehicles | 24 | €86,946 | €28,440 | -€58,506 | -67.3% |
| Financial fixed assets | 28 | €8,900 | €8,900 | = | 0.0% |
| Current assets | 29/58 | €174,146 | €249,464 | +€75,318 | +43.3% |
| Amounts receivable after more than one year | 29 | - | €12,301 | +€12,301 | |
| Other amounts receivable | 291 | - | €12,301 | +€12,301 | |
| Stocks and contracts in progress | 3 | €14,023 | €8,467 | -€5,556 | -39.6% |
| Stocks | 30/36 | €14,023 | €8,467 | -€5,556 | -39.6% |
| Amounts receivable within one year | 40/41 | €84,004 | €99,648 | +€15,644 | +18.6% |
| Trade receivables | 40 | €48,479 | €38,194 | -€10,285 | -21.2% |
| Other amounts receivable | 41 | €35,524 | €61,454 | +€25,929 | +73.0% |
| Current investments | 50/53 | - | €109,995 | +€109,995 | |
| Cash at bank and in hand | 54/58 | €76,119 | €8,909 | -€67,210 | -88.3% |
| Deferred charges and accrued income | 490/1 | - | €10,145 | +€10,145 | |
| Total equity and liabilities | 10/49 | €389,992 | €366,804 | -€23,188 | -5.9% |
| Equity | 10/15 | €62,980 | €78,827 | +€15,846 | +25.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,480 | €76,327 | +€15,846 | +26.2% |
| Amounts payable | 17/49 | €327,011 | €287,977 | -€39,034 | -11.9% |
| Amounts payable after more than one year | 17 | €93,227 | €93,227 | = | 0.0% |
| Financial debts | 170/4 | €93,227 | €93,227 | = | 0.0% |
| Amounts payable within one year | 42/48 | €233,784 | €170,229 | -€63,556 | -27.2% |
| Trade debts | 44 | €9,811 | - | -€9,811 | |
| Suppliers | 440/4 | €9,811 | - | -€9,811 | |
| Taxes, remuneration and social security | 45 | €223,973 | €149,900 | -€74,073 | -33.1% |
| Taxes | 450/3 | €74,195 | €149,900 | +€75,705 | +102% |
| Remuneration and social security | 454/9 | €149,778 | - | -€149,778 | |
| Other amounts payable | 47/48 | - | €20,329 | +€20,329 | |
| Accrued charges and deferred income | 492/3 | - | €24,521 | +€24,521 | |
| Remuneration, social security and pensions | 62 | €796,800 | €865,260 | +€68,460 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,805 | €98,506 | -€12,299 | -11.1% |
| Other operating charges | 640/8 | €8,775 | €12,048 | +€3,273 | +37.3% |
| Gross operating margin | 9900 | €986,425 | €1,014,461 | +€28,037 | +2.8% |
| Operating profit (loss) | 9901 | €70,045 | €38,647 | -€31,398 | -44.8% |
| Financial income | 75/76B | €19 | €262 | +€243 | +1,302% |
| Recurring financial income | 75 | €19 | €262 | +€243 | +1,302% |
| Financial charges | 65/66B | €9,580 | €5,503 | -€4,077 | -42.6% |
| Recurring financial charges | 65 | €9,580 | €5,503 | -€4,077 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €60,484 | €33,407 | -€27,077 | -44.8% |
| Income taxes | 67/77 | €4 | €17,561 | +€17,557 | +477,095% |
| Profit (loss) for the period | 9904 | €60,480 | €15,846 | -€44,634 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,480 | €15,846 | -€44,634 | -73.8% |
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.