ARMIDA TUINEN: 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.
ARMIDA TUINEN
Largest movements
- Receivables within one year +€53,803
up €53,803 (+56.2%), from €95,748 to €149,551
of which Trade receivables: +€49,046
- Tangible fixed assets -€23,464
down €23,464 (-47.7%), from €49,162 to €25,698
of which Plant, machinery and equipment: -€13,360
- Cash -€14,364
down €14,364 (-99.5%), from €14,438 to €74
mainly Receivables within one year (-€53,803) and Trade debts (-€23,964)
- Advances received +€33,564
new in 2025: €33,564
- Trade debts -€23,964
down €23,964 (-30.0%), from €79,938 to €55,974
- Other debts +€4,113
up €4,113 (+4.9%), from €84,641 to €88,754
- Debts after one year -€3,769
down €3,769 (-66.0%), from €5,710 to €1,941
- Short-term financial debts +€3,000
up €3,000 (+8.6%), from €35,000 to €38,000
- Staff costs -€35,049
no longer reported in 2025 (was €35,049)
- Gross operating margin -€22,949
down €22,949 (-43.2%), from €53,090 to €30,141
- Depreciation -€1,812
down €1,812 (-7.2%), from €25,276 to €23,464
- Financial charges -€1,664
down €1,664 (-33.8%), from €4,921 to €3,257
- Other operating charges -€1,252
down €1,252 (-69.5%), from €1,801 to €549
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 | €164,858 | €180,833 | +€15,975 | +9.7% |
| Fixed assets | 21/28 | €49,162 | €25,698 | -€23,464 | -47.7% |
| Tangible fixed assets | 22/27 | €49,162 | €25,698 | -€23,464 | -47.7% |
| Plant, machinery and equipment | 23 | €33,364 | €20,004 | -€13,360 | -40.0% |
| Furniture and vehicles | 24 | €15,798 | €5,694 | -€10,104 | -64.0% |
| Current assets | 29/58 | €115,696 | €155,135 | +€39,439 | +34.1% |
| Stocks and contracts in progress | 3 | €5,510 | €5,510 | = | 0.0% |
| Stocks | 30/36 | €5,510 | €5,510 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €95,748 | €149,551 | +€53,803 | +56.2% |
| Trade receivables | 40 | €89,002 | €138,048 | +€49,046 | +55.1% |
| Other amounts receivable | 41 | €6,746 | €11,503 | +€4,757 | +70.5% |
| Cash at bank and in hand | 54/58 | €14,438 | €74 | -€14,364 | -99.5% |
| Total equity and liabilities | 10/49 | €164,858 | €180,833 | +€15,975 | +9.7% |
| Equity | 10/15 | -€44,056 | -€41,169 | +€2,887 | +6.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Capital | 10 | €24,789 | - | -€24,789 | |
| Issued capital | 100 | €24,789 | - | -€24,789 | |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | - | -€2,479 | |
| Legal reserve | 130 | €2,479 | - | -€2,479 | |
| Distributable reserves | 133 | - | €2,479 | +€2,479 | |
| Profit (loss) carried forward | 14 | -€71,324 | -€68,437 | +€2,887 | +4.0% |
| Amounts payable | 17/49 | €208,914 | €222,002 | +€13,088 | +6.3% |
| Amounts payable after more than one year | 17 | €5,710 | €1,941 | -€3,769 | -66.0% |
| Financial debts | 170/4 | €5,710 | €1,941 | -€3,769 | -66.0% |
| Amounts payable within one year | 42/48 | €203,204 | €220,061 | +€16,857 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €3,625 | €3,769 | +€144 | +4.0% |
| Financial debts | 43 | €35,000 | €38,000 | +€3,000 | +8.6% |
| Credit institutions | 430/8 | €35,000 | €38,000 | +€3,000 | +8.6% |
| Trade debts | 44 | €79,938 | €55,974 | -€23,964 | -30.0% |
| Suppliers | 440/4 | €79,938 | €55,974 | -€23,964 | -30.0% |
| Advances received on contracts in progress | 46 | - | €33,564 | +€33,564 | |
| Other amounts payable | 47/48 | €84,641 | €88,754 | +€4,113 | +4.9% |
| Remuneration, social security and pensions | 62 | €35,049 | - | -€35,049 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,276 | €23,464 | -€1,812 | -7.2% |
| Other operating charges | 640/8 | €1,801 | €549 | -€1,252 | -69.5% |
| Gross operating margin | 9900 | €53,090 | €30,141 | -€22,949 | -43.2% |
| Operating profit (loss) | 9901 | -€9,036 | €6,128 | +€15,164 | |
| Financial income | 75/76B | €135 | €16 | -€119 | -88.1% |
| Recurring financial income | 75 | €135 | €16 | -€119 | -88.1% |
| Financial charges | 65/66B | €4,921 | €3,257 | -€1,664 | -33.8% |
| Recurring financial charges | 65 | €4,921 | €3,257 | -€1,664 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,822 | €2,887 | +€16,709 | |
| Profit (loss) for the period | 9904 | -€13,822 | €2,887 | +€16,709 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,822 | €2,887 | +€16,709 |
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 20 October 2026 via checked.be.