ARMIN ROBOTICS: 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 ROBOTICS
Largest movements
- Receivables within one year +€500,347
up €500,347 (+60.1%), from €832,827 to €1.3m
of which Trade receivables: +€461,671
- Stocks and contracts +€486,161
up €486,161 (+47.4%), from €1.0m to €1.5m
of which Stocks: +€321,274
- Tangible fixed assets +€184,183
up €184,183 (+525%), from €35,066 to €219,249
- Intangible fixed assets +€136,060
up €136,060 (+46.0%), from €295,959 to €432,019
- Financial fixed assets +€50,398
up €50,398 (+439%), from €11,477 to €61,875
- Trade debts +€473,100
up €473,100 (+52.6%), from €899,540 to €1.4m
- Short-term financial debts +€274,188
up €274,188 (+73.4%), from €373,701 to €647,889
- Debts after one year +€224,798
up €224,798 (+66.7%), from €337,108 to €561,907
- Tax, wage and social debts +€221,950
up €221,950 (+301%), from €73,736 to €295,687
of which Remuneration and social security: +€195,527
- Other debts +€162,000
up €162,000 (+528%), from €30,680 to €192,680
- Purchases and services -€1.7m
no longer reported in 2024 (was €1.7m)
- Turnover -€1.6m
no longer reported in 2024 (was €1.6m)
- Staff costs +€681,638
up €681,638 (+130%), from €525,152 to €1.2m
- Gross operating margin +€586,249
up €586,249 (+66.0%), from €888,811 to €1.5m
- Depreciation +€95,751
up €95,751 (+59.5%), from €160,855 to €256,606
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,228,054 | €3,582,647 | +€1.4m | +60.8% |
| Fixed assets | 21/28 | €342,502 | €713,143 | +€370,641 | +108% |
| Intangible fixed assets | 21 | €295,959 | €432,019 | +€136,060 | +46.0% |
| Tangible fixed assets | 22/27 | €35,066 | €219,249 | +€184,183 | +525% |
| Land and buildings | 22 | - | €37,406 | +€37,406 | |
| Plant, machinery and equipment | 23 | €29,274 | €75,986 | +€46,713 | +160% |
| Furniture and vehicles | 24 | €5,793 | €17,330 | +€11,537 | +199% |
| Other tangible fixed assets | 26 | - | €88,527 | +€88,527 | |
| Financial fixed assets | 28 | €11,477 | €61,875 | +€50,398 | +439% |
| Current assets | 29/58 | €1,885,551 | €2,869,503 | +€983,952 | +52.2% |
| Stocks and contracts in progress | 3 | €1,024,995 | €1,511,156 | +€486,161 | +47.4% |
| Stocks | 30/36 | €280,456 | €601,730 | +€321,274 | +115% |
| Contracts in progress | 37 | €744,539 | €909,426 | +€164,887 | +22.1% |
| Amounts receivable within one year | 40/41 | €832,827 | €1,333,174 | +€500,347 | +60.1% |
| Trade receivables | 40 | €755,397 | €1,217,068 | +€461,671 | +61.1% |
| Other amounts receivable | 41 | €77,430 | €116,106 | +€38,676 | +49.9% |
| Cash at bank and in hand | 54/58 | €3,183 | €13,566 | +€10,382 | +326% |
| Deferred charges and accrued income | 490/1 | €24,546 | €11,607 | -€12,939 | -52.7% |
| Total equity and liabilities | 10/49 | €2,228,054 | €3,582,647 | +€1.4m | +60.8% |
| Equity | 10/15 | €353,666 | €234,329 | -€119,337 | -33.7% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Capital | 10 | €268,600 | €268,600 | = | 0.0% |
| Issued capital | 100 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,206 | -€36,131 | -€119,337 | |
| Amounts payable | 17/49 | €1,874,387 | €3,348,317 | +€1.5m | +78.6% |
| Amounts payable after more than one year | 17 | €337,108 | €561,907 | +€224,798 | +66.7% |
| Financial debts | 170/4 | €337,108 | €561,907 | +€224,798 | +66.7% |
| Amounts payable within one year | 42/48 | €1,533,239 | €2,746,427 | +€1.2m | +79.1% |
| Current portion of amounts payable after more than one year | 42 | €155,582 | €237,533 | +€81,950 | +52.7% |
| Financial debts | 43 | €373,701 | €647,889 | +€274,188 | +73.4% |
| Credit institutions | 430/8 | €373,701 | €647,889 | +€274,188 | +73.4% |
| Trade debts | 44 | €899,540 | €1,372,640 | +€473,100 | +52.6% |
| Suppliers | 440/4 | €899,540 | €1,372,640 | +€473,100 | +52.6% |
| Taxes, remuneration and social security | 45 | €73,736 | €295,687 | +€221,950 | +301% |
| Taxes | 450/3 | €571 | €26,994 | +€26,424 | +4,631% |
| Remuneration and social security | 454/9 | €73,166 | €268,692 | +€195,527 | +267% |
| Other amounts payable | 47/48 | €30,680 | €192,680 | +€162,000 | +528% |
| Accrued charges and deferred income | 492/3 | €4,040 | €39,983 | +€35,943 | +890% |
| Turnover | 70 | €1,639,727 | - | -€1.6m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,674,151 | - | -€1.7m | |
| Remuneration, social security and pensions | 62 | €525,152 | €1,206,790 | +€681,638 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,855 | €256,606 | +€95,751 | +59.5% |
| Other operating charges | 640/8 | €8,787 | €15,774 | +€6,986 | +79.5% |
| Non-recurring operating charges | 66A | - | €581 | +€581 | |
| Gross operating margin | 9900 | €888,811 | €1,475,060 | +€586,249 | +66.0% |
| Operating profit (loss) | 9901 | €194,017 | -€4,690 | -€198,707 | |
| Financial income | 75/76B | - | €80 | +€80 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Financial charges | 65/66B | €38,481 | €113,066 | +€74,585 | +194% |
| Recurring financial charges | 65 | €38,481 | €113,066 | +€74,585 | +194% |
| Profit (loss) for the period before taxes | 9903 | €155,536 | -€117,677 | -€273,213 | |
| Income taxes | 67/77 | €228 | €1,660 | +€1,432 | +627% |
| Profit (loss) for the period | 9904 | €155,308 | -€119,337 | -€274,645 | |
| Profit (loss) for the period to be appropriated | 9905 | €155,308 | -€119,337 | -€274,645 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.