ARMIN TRANS: 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.
ARMIN TRANS
Largest movements
- Receivables within one year -€953,033
down €953,033 (-77.8%), from €1.2m to €272,465
of which Trade receivables: -€1.0m
- Cash -€185,338
down €185,338 (-97.3%), from €190,554 to €5,215
mainly Trade debts (-€662,970) and Other debts (-€419,555)
- Trade debts -€662,970
down €662,970 (-97.0%), from €683,739 to €20,769
- Other debts -€419,555
down €419,555 (-97.9%), from €428,555 to €9,000
- Profit (loss) carried forward -€22,828
down €22,828, from €4,465 to -€18,363
- Debts after one year -€19,505
down €19,505 (-61.6%), from €31,644 to €12,139
- Tax, wage and social debts -€16,539
down €16,539 (-7.2%), from €229,005 to €212,466
of which Taxes: -€46,370
- Turnover -€1.0m
no longer reported in 2025 (was €1.0m)
- Purchases and services -€847,149
no longer reported in 2025 (was €847,149)
- Gross operating margin -€86,166
down €86,166 (-41.7%), from €206,853 to €120,687
- Staff costs +€19,108
up €19,108 (+20.4%), from €93,492 to €112,599
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 | €1,418,808 | €279,068 | -€1.1m | -80.3% |
| Fixed assets | 21/28 | €1,831 | €462 | -€1,369 | -74.7% |
| Tangible fixed assets | 22/27 | €1,831 | €462 | -€1,369 | -74.7% |
| Furniture and vehicles | 24 | €1,831 | €462 | -€1,369 | -74.7% |
| Current assets | 29/58 | €1,416,978 | €278,606 | -€1.1m | -80.3% |
| Amounts receivable within one year | 40/41 | €1,225,499 | €272,465 | -€953,033 | -77.8% |
| Trade receivables | 40 | €1,164,920 | €161,180 | -€1.0m | -86.2% |
| Other amounts receivable | 41 | €60,579 | €111,285 | +€50,707 | +83.7% |
| Cash at bank and in hand | 54/58 | €190,554 | €5,215 | -€185,338 | -97.3% |
| Deferred charges and accrued income | 490/1 | €925 | €925 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,418,808 | €279,068 | -€1.1m | -80.3% |
| Equity | 10/15 | €14,465 | -€8,363 | -€22,828 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,465 | -€18,363 | -€22,828 | |
| Amounts payable | 17/49 | €1,404,344 | €287,431 | -€1.1m | -79.5% |
| Amounts payable after more than one year | 17 | €31,644 | €12,139 | -€19,505 | -61.6% |
| Financial debts | 170/4 | €31,644 | €12,139 | -€19,505 | -61.6% |
| Amounts payable within one year | 42/48 | €1,372,700 | €275,292 | -€1.1m | -79.9% |
| Current portion of amounts payable after more than one year | 42 | €2,500 | - | -€2,500 | |
| Financial debts | 43 | €28,901 | €33,057 | +€4,157 | +14.4% |
| Credit institutions | 430/8 | €28,901 | €33,057 | +€4,157 | +14.4% |
| Trade debts | 44 | €683,739 | €20,769 | -€662,970 | -97.0% |
| Suppliers | 440/4 | €683,739 | €20,769 | -€662,970 | -97.0% |
| Taxes, remuneration and social security | 45 | €229,005 | €212,466 | -€16,539 | -7.2% |
| Taxes | 450/3 | €229,005 | €182,635 | -€46,370 | -20.2% |
| Remuneration and social security | 454/9 | - | €29,831 | +€29,831 | |
| Other amounts payable | 47/48 | €428,555 | €9,000 | -€419,555 | -97.9% |
| Turnover | 70 | €1,046,332 | - | -€1.0m | |
| Non-recurring operating income | 76A | €7,670 | - | -€7,670 | |
| Goods, raw materials, services and sundry goods | 60/61 | €847,149 | - | -€847,149 | |
| Remuneration, social security and pensions | 62 | €93,492 | €112,599 | +€19,108 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,479 | €1,369 | -€111 | -7.5% |
| Other operating charges | 640/8 | €17,783 | €19,306 | +€1,523 | +8.6% |
| Gross operating margin | 9900 | €206,853 | €120,687 | -€86,166 | -41.7% |
| Operating profit (loss) | 9901 | €94,099 | -€12,587 | -€106,686 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €4,897 | €6,735 | +€1,837 | +37.5% |
| Recurring financial charges | 65 | €4,897 | €6,735 | +€1,837 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €89,202 | -€19,322 | -€108,523 | |
| Income taxes | 67/77 | €5,395 | €3,506 | -€1,888 | -35.0% |
| Profit (loss) for the period | 9904 | €83,807 | -€22,828 | -€106,635 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,807 | -€22,828 | -€106,635 |
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 7 October 2026 via checked.be.