ARMIL: 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.
ARMIL
Largest movements
- Tangible fixed assets -€14,820
down €14,820 (-2.6%), from €578,077 to €563,257
- Debts after one year -€19,012
down €19,012 (-10.6%), from €179,488 to €160,475
- Short-term financial debts -€6,831
no longer reported in 2025 (was €6,831)
- Financial charges -€1,985
down €1,985 (-17.3%), from €11,494 to €9,509
- Taxes +€1,572
new in 2025: €1,572
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 | €578,077 | €564,184 | -€13,893 | -2.4% |
| Fixed assets | 21/28 | €578,077 | €563,257 | -€14,820 | -2.6% |
| Tangible fixed assets | 22/27 | €578,077 | €563,257 | -€14,820 | -2.6% |
| Land and buildings | 22 | €578,077 | €563,257 | -€14,820 | -2.6% |
| Current assets | 29/58 | - | €927 | +€927 | |
| Cash at bank and in hand | 54/58 | - | €927 | +€927 | |
| Total equity and liabilities | 10/49 | €578,077 | €564,184 | -€13,893 | -2.4% |
| Equity | 10/15 | €275,505 | €285,033 | +€9,528 | +3.5% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €131,980 | €136,297 | +€4,317 | +3.3% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €117,106 | €121,423 | +€4,317 | +3.7% |
| Profit (loss) carried forward | 14 | -€5,211 | - | +€5,211 | |
| Amounts payable | 17/49 | €302,572 | €279,151 | -€23,421 | -7.7% |
| Amounts payable after more than one year | 17 | €179,488 | €160,475 | -€19,012 | -10.6% |
| Financial debts | 170/4 | €179,488 | €160,475 | -€19,012 | -10.6% |
| Amounts payable within one year | 42/48 | €123,085 | €118,676 | -€4,409 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €18,162 | €19,012 | +€850 | +4.7% |
| Financial debts | 43 | €6,831 | - | -€6,831 | |
| Credit institutions | 430/8 | €6,831 | - | -€6,831 | |
| Taxes, remuneration and social security | 45 | - | €1,572 | +€1,572 | |
| Taxes | 450/3 | - | €1,572 | +€1,572 | |
| Other amounts payable | 47/48 | €98,092 | €98,092 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,820 | €14,820 | = | 0.0% |
| Other operating charges | 640/8 | €5,110 | €4,994 | -€116 | -2.3% |
| Gross operating margin | 9900 | €40,644 | €40,423 | -€221 | -0.5% |
| Operating profit (loss) | 9901 | €20,714 | €20,609 | -€105 | -0.5% |
| Financial charges | 65/66B | €11,494 | €9,509 | -€1,985 | -17.3% |
| Recurring financial charges | 65 | €11,494 | €9,509 | -€1,985 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €9,220 | €11,100 | +€1,880 | +20.4% |
| Income taxes | 67/77 | - | €1,572 | +€1,572 | |
| Profit (loss) for the period | 9904 | €9,220 | €9,528 | +€308 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,220 | €9,528 | +€308 | +3.3% |
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 28 September 2026 via checked.be.