ARMICAL: 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.
ARMICAL
Largest movements
- Cash -€2,919
down €2,919 (-24.4%), from €11,957 to €9,038
mainly Net result for the year (-€6,268)
- Profit (loss) carried forward -€6,268
down €6,268 (-62.5%), from €10,022 to €3,754
- Trade debts +€1,679
up €1,679 (+1496.0%), from €112 to €1,792
- Other debts +€1,596
new in 2025: €1,596
- Turnover -€22,359
no longer reported in 2025 (was €22,359)
- Gross operating margin -€17,021
down €17,021, from €13,007 to -€4,014
- Purchases and services -€5,338
down €5,338 (-57.1%), from €9,353 to €4,014
- Taxes -€2,600
no longer reported in 2025 (was €2,600)
- Staff costs +€1,378
up €1,378 (+437.3%), from €315 to €1,693
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.
Cash bridge derived
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 | €14,234 | €11,242 | -€2,992 | -21.0% |
| Current assets | 29/58 | €14,234 | €11,242 | -€2,992 | -21.0% |
| Amounts receivable within one year | 40/41 | €2,277 | €2,204 | -€73 | -3.2% |
| Trade receivables | 40 | €1,805 | €1,805 | = | 0.0% |
| Other amounts receivable | 41 | €472 | €399 | -€73 | -15.5% |
| Cash at bank and in hand | 54/58 | €11,957 | €9,038 | -€2,919 | -24.4% |
| Total equity and liabilities | 10/49 | €14,234 | €11,242 | -€2,992 | -21.0% |
| Equity | 10/15 | €11,522 | €5,254 | -€6,268 | -54.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Outside capital | 11 | €1,500 | €1,500 | = | 0.0% |
| Other | 1109/19 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,022 | €3,754 | -€6,268 | -62.5% |
| Amounts payable | 17/49 | €2,712 | €5,987 | +€3,275 | +120.8% |
| Amounts payable within one year | 42/48 | €2,712 | €5,987 | +€3,275 | +120.8% |
| Trade debts | 44 | €112 | €1,792 | +€1,679 | +1496.0% |
| Suppliers | 440/4 | €112 | €1,792 | +€1,679 | +1496.0% |
| Taxes, remuneration and social security | 45 | €2,600 | €2,600 | = | 0.0% |
| Taxes | 450/3 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 47/48 | - | €1,596 | +€1,596 | |
| Turnover | 70 | €22,359 | - | -€22,359 | |
| Goods, raw materials, services and sundry goods | 60/61 | €9,353 | €4,014 | -€5,338 | -57.1% |
| Remuneration, social security and pensions | 62 | €315 | €1,693 | +€1,378 | +437.3% |
| Other operating charges | 640/8 | - | €294 | +€294 | |
| Gross operating margin | 9900 | €13,007 | -€4,014 | -€17,021 | |
| Operating profit (loss) | 9901 | €12,692 | -€6,001 | -€18,693 | |
| Financial charges | 65/66B | €69 | €266 | +€197 | +283.3% |
| Recurring financial charges | 65 | €69 | €266 | +€197 | +283.3% |
| Profit (loss) for the period before taxes | 9903 | €12,622 | -€6,268 | -€18,890 | |
| Income taxes | 67/77 | €2,600 | - | -€2,600 | |
| Profit (loss) for the period | 9904 | €10,022 | -€6,268 | -€16,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,022 | -€6,268 | -€16,290 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.