ARMIMMO: 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.
ARMIMMO
Largest movements
- Receivables within one year -€27,888
down €27,888 (-99.0%), from €28,165 to €277
of which Other amounts receivable: -€27,888
- Cash +€16,144
up €16,144 (+1684.5%), from €958 to €17,103
mainly Receivables within one year (+€27,888) and Current portion of long-term debt (+€4,024)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€15,297
down €15,297 (-43.7%), from €34,975 to €19,678
- Financial charges -€4,798
down €4,798 (-15.3%), from €31,345 to €26,547
- Depreciation -€444
down €444 (-100.0%), from €444 to €0
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 | €1,149,123 | €1,137,380 | -€11,743 | -1.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,120,000 | €1,120,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,120,000 | €1,120,000 | = | 0.0% |
| Land and buildings | 22 | €1,120,000 | €1,120,000 | = | 0.0% |
| Current assets | 29/58 | €29,123 | €17,380 | -€11,743 | -40.3% |
| Amounts receivable within one year | 40/41 | €28,165 | €277 | -€27,888 | -99.0% |
| Trade receivables | 40 | €277 | €277 | = | 0.0% |
| Other amounts receivable | 41 | €27,888 | €0 | -€27,888 | -100.0% |
| Cash at bank and in hand | 54/58 | €958 | €17,103 | +€16,144 | +1684.5% |
| Total equity and liabilities | 10/49 | €1,149,123 | €1,137,380 | -€11,743 | -1.0% |
| Equity | 10/15 | €103,208 | €95,341 | -€7,867 | -7.6% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Revaluation surpluses | 12 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,092 | -€33,959 | -€7,867 | -30.2% |
| Amounts payable | 17/49 | €1,045,915 | €1,042,040 | -€3,876 | -0.4% |
| Amounts payable after more than one year | 17 | €1,015,851 | €1,007,943 | -€7,908 | -0.8% |
| Financial debts | 170/4 | €1,015,851 | €1,007,943 | -€7,908 | -0.8% |
| Amounts payable within one year | 42/48 | €27,504 | €31,536 | +€4,032 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €27,383 | €31,407 | +€4,024 | +14.7% |
| Trade debts | 44 | €121 | €129 | +€8 | +6.9% |
| Suppliers | 440/4 | €121 | €129 | +€8 | +6.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,560 | €2,560 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444 | €0 | -€444 | -100.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €34,975 | €19,678 | -€15,297 | -43.7% |
| Operating profit (loss) | 9901 | €33,564 | €18,680 | -€14,884 | -44.3% |
| Financial charges | 65/66B | €31,345 | €26,547 | -€4,798 | -15.3% |
| Recurring financial charges | 65 | €31,345 | €26,547 | -€4,798 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €2,219 | -€7,867 | -€10,086 | |
| Profit (loss) for the period | 9904 | €2,219 | -€7,867 | -€10,086 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,219 | -€7,867 | -€10,086 |
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.