ARMILE: 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.
ARMILE
Largest movements
- Tangible fixed assets -€22,144
down €22,144 (-3.2%), from €693,705 to €671,560
of which Land and buildings: -€12,167
- Deferred charges and accrued income +€9,098
up €9,098 (+215.4%), from €4,223 to €13,320
- Profit (loss) carried forward +€44,337
up €44,337, from -€44,337 to €0
- Debts after one year -€32,618
down €32,618 (-5.0%), from €653,085 to €620,467
- Reserves -€26,123
down €26,123 (-42.1%), from €61,986 to €35,863
- Other debts +€8,796
new in 2025: €8,796
- Other operating charges -€82,276
down €82,276 (-97.0%), from €84,830 to €2,554
- Gross operating margin -€13,543
down €13,543 (-8.2%), from €166,166 to €152,622
- Staff costs -€7,281
down €7,281 (-9.5%), from €76,935 to €69,653
- Financial charges +€7,095
up €7,095 (+34.0%), from €20,857 to €27,952
- Depreciation -€2,425
down €2,425 (-8.8%), from €27,491 to €25,066
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 | €798,980 | €790,051 | -€8,929 | -1.1% |
| Fixed assets | 21/28 | €693,705 | €671,560 | -€22,144 | -3.2% |
| Tangible fixed assets | 22/27 | €693,705 | €671,560 | -€22,144 | -3.2% |
| Land and buildings | 22 | €656,367 | €644,200 | -€12,167 | -1.9% |
| Plant, machinery and equipment | 23 | €18,193 | €16,665 | -€1,529 | -8.4% |
| Furniture and vehicles | 24 | €15,964 | €8,587 | -€7,377 | -46.2% |
| Other tangible fixed assets | 26 | €3,180 | €2,109 | -€1,072 | -33.7% |
| Current assets | 29/58 | €105,275 | €118,491 | +€13,215 | +12.6% |
| Stocks and contracts in progress | 3 | €20,848 | €22,494 | +€1,646 | +7.9% |
| Stocks | 30/36 | €20,848 | €22,494 | +€1,646 | +7.9% |
| Amounts receivable within one year | 40/41 | €10,974 | €7,971 | -€3,003 | -27.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10,974 | €7,971 | -€3,003 | -27.4% |
| Cash at bank and in hand | 54/58 | €69,230 | €74,705 | +€5,474 | +7.9% |
| Deferred charges and accrued income | 490/1 | €4,223 | €13,320 | +€9,098 | +215.4% |
| Total equity and liabilities | 10/49 | €798,980 | €790,051 | -€8,929 | -1.1% |
| Equity | 10/15 | €57,650 | €75,863 | +€18,214 | +31.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €61,986 | €35,863 | -€26,123 | -42.1% |
| Distributable reserves | 133 | €61,986 | €35,863 | -€26,123 | -42.1% |
| Profit (loss) carried forward | 14 | -€44,337 | €0 | +€44,337 | |
| Amounts payable | 17/49 | €741,330 | €714,188 | -€27,143 | -3.7% |
| Amounts payable after more than one year | 17 | €653,085 | €620,467 | -€32,618 | -5.0% |
| Financial debts | 170/4 | €653,085 | €620,467 | -€32,618 | -5.0% |
| Amounts payable within one year | 42/48 | €88,246 | €93,721 | +€5,475 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €38,764 | €32,618 | -€6,145 | -15.9% |
| Trade debts | 44 | €28,291 | €23,967 | -€4,324 | -15.3% |
| Suppliers | 440/4 | €28,291 | €23,967 | -€4,324 | -15.3% |
| Taxes, remuneration and social security | 45 | €21,191 | €28,340 | +€7,150 | +33.7% |
| Taxes | 450/3 | €7,251 | €14,540 | +€7,289 | +100.5% |
| Remuneration and social security | 454/9 | €13,940 | €13,800 | -€139 | -1.0% |
| Other amounts payable | 47/48 | - | €8,796 | +€8,796 | |
| Non-recurring operating income | 76A | - | €15,157 | +€15,157 | |
| Remuneration, social security and pensions | 62 | €76,935 | €69,653 | -€7,281 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,491 | €25,066 | -€2,425 | -8.8% |
| Other operating charges | 640/8 | €84,830 | €2,554 | -€82,276 | -97.0% |
| Gross operating margin | 9900 | €166,166 | €152,622 | -€13,543 | -8.2% |
| Operating profit (loss) | 9901 | -€23,090 | €55,348 | +€78,438 | |
| Financial income | 75/76B | €105 | €5 | -€100 | -95.7% |
| Recurring financial income | 75 | €105 | €5 | -€100 | -95.7% |
| Financial charges | 65/66B | €20,857 | €27,952 | +€7,095 | +34.0% |
| Recurring financial charges | 65 | €20,857 | €27,952 | +€7,095 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | -€43,842 | €27,401 | +€71,243 | |
| Income taxes | 67/77 | €494 | €391 | -€103 | -20.9% |
| Profit (loss) for the period | 9904 | -€44,337 | €27,010 | +€71,346 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,337 | €27,010 | +€71,346 |
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 5 October 2026 via checked.be.