ARMIN W: 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 W
Largest movements
- Cash +€7,125
up €7,125 (+300%), from €2,377 to €9,502
mainly Tax, wage and social debts (+€4,851) and Net result for the year (+€4,030)
- Tangible fixed assets -€1,108
down €1,108 (-41.4%), from €2,675 to €1,567
- Deferred charges and accrued income +€912
up €912 (+321%), from €284 to €1,195
- Stocks and contracts +€733
up €733 (+4.2%), from €17,349 to €18,082
- Tax, wage and social debts +€4,851
up €4,851 (+40.2%), from €12,053 to €16,904
of which Remuneration and social security: +€5,216
- Profit (loss) carried forward +€4,030
up €4,030 (+32.6%), from -€12,351 to -€8,321
- Other debts -€1,539
down €1,539 (-40.5%), from €3,801 to €2,262
- Turnover -€41,802
down €41,802 (-10.2%), from €411,200 to €369,398
- Purchases and services -€34,236
down €34,236 (-9.2%), from €370,980 to €336,744
- Staff costs -€12,317
down €12,317 (-29.2%), from €42,220 to €29,903
- Gross operating margin -€9,704
down €9,704 (-21.1%), from €46,012 to €36,309
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 | €22,732 | €30,347 | +€7,615 | +33.5% |
| Fixed assets | 21/28 | €2,675 | €1,567 | -€1,108 | -41.4% |
| Tangible fixed assets | 22/27 | €2,675 | €1,567 | -€1,108 | -41.4% |
| Furniture and vehicles | 24 | €2,675 | €1,567 | -€1,108 | -41.4% |
| Current assets | 29/58 | €20,057 | €28,780 | +€8,723 | +43.5% |
| Stocks and contracts in progress | 3 | €17,349 | €18,082 | +€733 | +4.2% |
| Stocks | 30/36 | €17,349 | €18,082 | +€733 | +4.2% |
| Amounts receivable within one year | 40/41 | €47 | - | -€47 | |
| Trade receivables | 40 | €47 | - | -€47 | |
| Cash at bank and in hand | 54/58 | €2,377 | €9,502 | +€7,125 | +300% |
| Deferred charges and accrued income | 490/1 | €284 | €1,195 | +€912 | +321% |
| Total equity and liabilities | 10/49 | €22,732 | €30,347 | +€7,615 | +33.5% |
| Equity | 10/15 | €5,668 | €9,699 | +€4,030 | +71.1% |
| Contributions | 10/11 | €17,750 | €17,750 | = | 0.0% |
| Reserves | 13 | €269 | €269 | = | 0.0% |
| Non-distributable reserves | 130/1 | €269 | €269 | = | 0.0% |
| Reserves not available under the articles | 1311 | €269 | €269 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,351 | -€8,321 | +€4,030 | +32.6% |
| Amounts payable | 17/49 | €17,064 | €20,649 | +€3,585 | +21.0% |
| Amounts payable within one year | 42/48 | €17,064 | €20,649 | +€3,585 | +21.0% |
| Trade debts | 44 | €1,210 | €1,482 | +€272 | +22.5% |
| Suppliers | 440/4 | €1,210 | €1,482 | +€272 | +22.5% |
| Taxes, remuneration and social security | 45 | €12,053 | €16,904 | +€4,851 | +40.2% |
| Taxes | 450/3 | €2,214 | €1,849 | -€365 | -16.5% |
| Remuneration and social security | 454/9 | €9,839 | €15,055 | +€5,216 | +53.0% |
| Other amounts payable | 47/48 | €3,801 | €2,262 | -€1,539 | -40.5% |
| Turnover | 70 | €411,200 | €369,398 | -€41,802 | -10.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €370,980 | €336,744 | -€34,236 | -9.2% |
| Remuneration, social security and pensions | 62 | €42,220 | €29,903 | -€12,317 | -29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €972 | €1,108 | +€136 | +14.0% |
| Other operating charges | 640/8 | €1,269 | €1,163 | -€106 | -8.4% |
| Gross operating margin | 9900 | €46,012 | €36,309 | -€9,704 | -21.1% |
| Operating profit (loss) | 9901 | €1,552 | €4,135 | +€2,583 | +166% |
| Financial charges | 65/66B | €1,186 | €105 | -€1,081 | -91.2% |
| Recurring financial charges | 65 | €1,186 | €105 | -€1,081 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | €366 | €4,030 | +€3,664 | +1,002% |
| Profit (loss) for the period | 9904 | €366 | €4,030 | +€3,664 | +1,002% |
| Profit (loss) for the period to be appropriated | 9905 | €366 | €4,030 | +€3,664 | +1,002% |
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 25 October 2026 via checked.be.