ARMELLE G.: 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.
ARMELLE G.
Largest movements
- Current investments -€49,020
no longer reported in 2025 (was €49,020)
- Cash +€35,362
up €35,362 (+468%), from €7,559 to €42,921
mainly Current investments (+€49,020) and Other debts (+€17,382)
- Receivables within one year -€1,795
down €1,795 (-81.5%), from €2,202 to €407
of which Trade receivables: -€1,868
- Deferred charges and accrued income -€914
no longer reported in 2025 (was €914)
- Debts after one year -€22,550
down €22,550 (-34.4%), from €65,522 to €42,972
- Other debts +€17,382
up €17,382 (+22.5%), from €77,101 to €94,483
- Profit (loss) carried forward -€10,423
down €10,423 (-8.6%), from -€121,481 to -€131,903
- Trade debts -€2,544
down €2,544 (-85.1%), from €2,992 to €447
- Current portion of long-term debt +€1,351
up €1,351 (+6.4%), from €21,199 to €22,550
- Financial income -€18,179
down €18,179 (-93.9%), from €19,356 to €1,177
- Gross operating margin +€7,930
up €7,930 (+56.9%), from -€13,925 to -€5,995
- Financial charges -€2,170
down €2,170 (-31.7%), from €6,846 to €4,676
- Depreciation -€1,967
down €1,967 (-75.0%), from €2,622 to €656
- Other operating charges -€413
down €413 (-60.2%), from €686 to €273
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 | €81,344 | €64,321 | -€17,023 | -20.9% |
| Fixed assets | 21/28 | €12,727 | €12,072 | -€656 | -5.2% |
| Tangible fixed assets | 22/27 | €12,727 | €12,072 | -€656 | -5.2% |
| Furniture and vehicles | 24 | €519 | €473 | -€46 | -8.8% |
| Other tangible fixed assets | 26 | €12,209 | €11,599 | -€610 | -5.0% |
| Current assets | 29/58 | €68,617 | €52,250 | -€16,367 | -23.9% |
| Stocks and contracts in progress | 3 | €8,922 | €8,922 | = | 0.0% |
| Stocks | 30/36 | €8,922 | €8,922 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,202 | €407 | -€1,795 | -81.5% |
| Trade receivables | 40 | €1,868 | - | -€1,868 | |
| Other amounts receivable | 41 | €334 | €407 | +€73 | +21.8% |
| Current investments | 50/53 | €49,020 | - | -€49,020 | |
| Cash at bank and in hand | 54/58 | €7,559 | €42,921 | +€35,362 | +468% |
| Deferred charges and accrued income | 490/1 | €914 | - | -€914 | |
| Total equity and liabilities | 10/49 | €81,344 | €64,321 | -€17,023 | -20.9% |
| Equity | 10/15 | -€102,831 | -€113,253 | -€10,423 | -10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,481 | -€131,903 | -€10,423 | -8.6% |
| Amounts payable | 17/49 | €184,175 | €177,575 | -€6,600 | -3.6% |
| Amounts payable after more than one year | 17 | €65,522 | €42,972 | -€22,550 | -34.4% |
| Financial debts | 170/4 | €65,522 | €42,972 | -€22,550 | -34.4% |
| Amounts payable within one year | 42/48 | €118,653 | €134,603 | +€15,950 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €21,199 | €22,550 | +€1,351 | +6.4% |
| Trade debts | 44 | €2,992 | €447 | -€2,544 | -85.1% |
| Suppliers | 440/4 | €2,992 | €447 | -€2,544 | -85.1% |
| Taxes, remuneration and social security | 45 | €17,361 | €17,123 | -€238 | -1.4% |
| Taxes | 450/3 | €361 | €123 | -€238 | -66.0% |
| Remuneration and social security | 454/9 | €17,000 | €17,000 | = | 0.0% |
| Other amounts payable | 47/48 | €77,101 | €94,483 | +€17,382 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,622 | €656 | -€1,967 | -75.0% |
| Other operating charges | 640/8 | €686 | €273 | -€413 | -60.2% |
| Gross operating margin | 9900 | -€13,925 | -€5,995 | +€7,930 | +56.9% |
| Operating profit (loss) | 9901 | -€17,233 | -€6,924 | +€10,309 | +59.8% |
| Financial income | 75/76B | €19,356 | €1,177 | -€18,179 | -93.9% |
| Recurring financial income | 75 | €19,356 | €1,177 | -€18,179 | -93.9% |
| Financial charges | 65/66B | €6,846 | €4,676 | -€2,170 | -31.7% |
| Recurring financial charges | 65 | €6,846 | €4,676 | -€2,170 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,723 | -€10,423 | -€5,700 | -121% |
| Income taxes | 67/77 | €126 | - | -€126 | |
| Profit (loss) for the period | 9904 | -€4,849 | -€10,423 | -€5,574 | -115% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,849 | -€10,423 | -€5,574 | -115% |
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 19 October 2026 via checked.be.