ARMIN REICHELT: 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.
ARMIN REICHELT
Largest movements
- Deferred charges and accrued income +€11,190
up €11,190 (+439%), from €2,549 to €13,740
- Cash -€6,141
down €6,141 (-15.1%), from €40,558 to €34,416
mainly Deferred charges and accrued income (-€11,190) and Contributions, distributions and other (-€11,158)
- Receivables within one year +€4,700
up €4,700 (+21.1%), from €22,300 to €27,000
of which Trade receivables: +€7,200
- Tangible fixed assets -€1,883
down €1,883 (-24.5%), from €7,681 to €5,798
of which Land and buildings: -€1,135
- Tax, wage and social debts +€8,012
up €8,012 (+141%), from €5,698 to €13,710
- Trade debts -€3,654
down €3,654 (-64.6%), from €5,653 to €1,999
- Reserves +€3,410
up €3,410 (+21.2%), from €16,058 to €19,468
- Gross operating margin +€13,896
up €13,896 (+99.8%), from €13,925 to €27,821
- Taxes +€3,729
up €3,729 (+111%), from €3,369 to €7,098
- Other operating charges +€2,210
up €2,210 (+121%), from €1,820 to €4,030
- Depreciation -€1,711
down €1,711 (-60.1%), from €2,845 to €1,135
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 | €73,088 | €80,954 | +€7,866 | +10.8% |
| Fixed assets | 21/28 | €7,681 | €5,798 | -€1,883 | -24.5% |
| Tangible fixed assets | 22/27 | €7,681 | €5,798 | -€1,883 | -24.5% |
| Land and buildings | 22 | €6,933 | €5,798 | -€1,135 | -16.4% |
| Furniture and vehicles | 24 | €749 | - | -€749 | |
| Current assets | 29/58 | €65,407 | €75,156 | +€9,749 | +14.9% |
| Amounts receivable within one year | 40/41 | €22,300 | €27,000 | +€4,700 | +21.1% |
| Trade receivables | 40 | €19,800 | €27,000 | +€7,200 | +36.4% |
| Other amounts receivable | 41 | €2,500 | - | -€2,500 | |
| Cash at bank and in hand | 54/58 | €40,558 | €34,416 | -€6,141 | -15.1% |
| Deferred charges and accrued income | 490/1 | €2,549 | €13,740 | +€11,190 | +439% |
| Total equity and liabilities | 10/49 | €73,088 | €80,954 | +€7,866 | +10.8% |
| Equity | 10/15 | €47,762 | €51,172 | +€3,410 | +7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,058 | €19,468 | +€3,410 | +21.2% |
| Distributable reserves | 133 | €16,058 | €19,468 | +€3,410 | +21.2% |
| Profit (loss) carried forward | 14 | €25,504 | €25,504 | +€0 | 0.0% |
| Amounts payable | 17/49 | €25,326 | €29,782 | +€4,456 | +17.6% |
| Amounts payable within one year | 42/48 | €22,476 | €26,867 | +€4,391 | +19.5% |
| Trade debts | 44 | €5,653 | €1,999 | -€3,654 | -64.6% |
| Suppliers | 440/4 | €5,653 | €1,999 | -€3,654 | -64.6% |
| Taxes, remuneration and social security | 45 | €5,698 | €13,710 | +€8,012 | +141% |
| Taxes | 450/3 | €5,698 | €13,710 | +€8,012 | +141% |
| Other amounts payable | 47/48 | €11,125 | €11,158 | +€33 | +0.3% |
| Accrued charges and deferred income | 492/3 | €2,850 | €2,915 | +€65 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,845 | €1,135 | -€1,711 | -60.1% |
| Other operating charges | 640/8 | €1,820 | €4,030 | +€2,210 | +121% |
| Gross operating margin | 9900 | €13,925 | €27,821 | +€13,896 | +99.8% |
| Operating profit (loss) | 9901 | €9,260 | €22,657 | +€13,397 | +145% |
| Financial charges | 65/66B | €985 | €991 | +€6 | +0.6% |
| Recurring financial charges | 65 | €985 | €991 | +€6 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €8,275 | €21,666 | +€13,391 | +162% |
| Income taxes | 67/77 | €3,369 | €7,098 | +€3,729 | +111% |
| Profit (loss) for the period | 9904 | €4,905 | €14,568 | +€9,663 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €4,905 | €14,568 | +€9,663 | +197% |
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 30 October 2026 via checked.be.