ARMEDICA: 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.
ARMEDICA
Largest movements
- Cash -€91,333
down €91,333 (-57.4%), from €159,038 to €67,705
mainly Current investments (-€70,000) and Net result for the year (-€27,231)
- Current investments +€70,000
new in 2024: €70,000
- Tangible fixed assets -€9,008
down €9,008 (-5.5%), from €165,103 to €156,095
of which Land and buildings: -€8,394
- Profit (loss) carried forward -€27,231
down €27,231 (-9.0%), from €304,191 to €276,960
- Other debts -€5,613
down €5,613 (-86.4%), from €6,501 to €887
- Gross operating margin -€13,337
down €13,337 (-348%), from -€3,832 to -€17,168
- Depreciation -€1,154
down €1,154 (-11.4%), from €10,162 to €9,008
- Financial income +€891
up €891 (+7,203%), from €12 to €903
- Taxes -€188
no longer reported in 2024 (was €188)
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.
Derived cash bridge
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 | €325,398 | €294,386 | -€31,011 | -9.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €165,353 | €156,345 | -€9,008 | -5.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €165,103 | €156,095 | -€9,008 | -5.5% |
| Land and buildings | 22 | €163,654 | €155,261 | -€8,394 | -5.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,449 | €834 | -€615 | -42.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €160,045 | €138,042 | -€22,003 | -13.7% |
| Amounts receivable within one year | 40/41 | €828 | €271 | -€557 | -67.3% |
| Trade receivables | 40 | €828 | - | -€828 | |
| Other amounts receivable | 41 | - | €271 | +€271 | |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €159,038 | €67,705 | -€91,333 | -57.4% |
| Deferred charges and accrued income | 490/1 | €179 | €66 | -€113 | -63.3% |
| Total equity and liabilities | 10/49 | €325,398 | €294,386 | -€31,011 | -9.5% |
| Equity | 10/15 | €318,451 | €291,220 | -€27,231 | -8.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €304,191 | €276,960 | -€27,231 | -9.0% |
| Amounts payable | 17/49 | €6,946 | €3,166 | -€3,780 | -54.4% |
| Amounts payable within one year | 42/48 | €6,946 | €3,166 | -€3,780 | -54.4% |
| Trade debts | 44 | €345 | €2,279 | +€1,934 | +561% |
| Suppliers | 440/4 | €345 | €2,279 | +€1,934 | +561% |
| Taxes, remuneration and social security | 45 | €101 | - | -€101 | |
| Taxes | 450/3 | €101 | - | -€101 | |
| Other amounts payable | 47/48 | €6,501 | €887 | -€5,613 | -86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,162 | €9,008 | -€1,154 | -11.4% |
| Other operating charges | 640/8 | €1,700 | €1,550 | -€150 | -8.8% |
| Gross operating margin | 9900 | -€3,832 | -€17,168 | -€13,337 | -348% |
| Operating profit (loss) | 9901 | -€15,694 | -€27,727 | -€12,033 | -76.7% |
| Financial income | 75/76B | €12 | €903 | +€891 | +7,203% |
| Recurring financial income | 75 | €12 | €903 | +€891 | +7,203% |
| Financial charges | 65/66B | €560 | €408 | -€152 | -27.1% |
| Recurring financial charges | 65 | €560 | €408 | -€152 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,241 | -€27,231 | -€10,990 | -67.7% |
| Income taxes | 67/77 | €188 | - | -€188 | |
| Profit (loss) for the period | 9904 | -€16,429 | -€27,231 | -€10,802 | -65.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,429 | -€27,231 | -€10,802 | -65.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.