ARMINE BALYAN: 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.
ARMINE BALYAN
Largest movements
- Receivables within one year +€97,676
up €97,676 (+114%), from €85,474 to €183,149
of which Other amounts receivable: +€106,876
- Profit (loss) carried forward +€78,945
up €78,945 (+120%), from €65,868 to €144,813
- Tax, wage and social debts +€19,736
up €19,736 (+115%), from €17,107 to €36,844
- Gross operating margin +€8,394
up €8,394 (+10.0%), from €83,983 to €92,377
- Financial income +€6,466
new in 2025: €6,466
- Taxes +€2,629
up €2,629 (+15.4%), from €17,107 to €19,736
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 | €85,474 | €183,157 | +€97,683 | +114% |
| Current assets | 29/58 | €85,474 | €183,157 | +€97,683 | +114% |
| Amounts receivable within one year | 40/41 | €85,474 | €183,149 | +€97,676 | +114% |
| Trade receivables | 40 | €24,637 | €15,436 | -€9,201 | -37.3% |
| Other amounts receivable | 41 | €60,837 | €167,713 | +€106,876 | +176% |
| Cash at bank and in hand | 54/58 | €0 | €8 | +€8 | +4,311% |
| Total equity and liabilities | 10/49 | €85,474 | €183,157 | +€97,683 | +114% |
| Equity | 10/15 | €67,368 | €146,313 | +€78,945 | +117% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,868 | €144,813 | +€78,945 | +120% |
| Amounts payable | 17/49 | €18,106 | €36,844 | +€18,738 | +103% |
| Amounts payable within one year | 42/48 | €18,106 | €36,844 | +€18,738 | +103% |
| Trade debts | 44 | €998 | - | -€998 | |
| Suppliers | 440/4 | €998 | - | -€998 | |
| Taxes, remuneration and social security | 45 | €17,107 | €36,844 | +€19,736 | +115% |
| Taxes | 450/3 | €17,107 | €36,844 | +€19,736 | +115% |
| Other operating charges | 640/8 | €800 | - | -€800 | |
| Gross operating margin | 9900 | €83,983 | €92,377 | +€8,394 | +10.0% |
| Operating profit (loss) | 9901 | €83,183 | €92,377 | +€9,194 | +11.1% |
| Financial income | 75/76B | - | €6,466 | +€6,466 | |
| Recurring financial income | 75 | - | €6,466 | +€6,466 | |
| Financial charges | 65/66B | €207 | €161 | -€46 | -22.1% |
| Recurring financial charges | 65 | €207 | €161 | -€46 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €82,976 | €98,682 | +€15,706 | +18.9% |
| Income taxes | 67/77 | €17,107 | €19,736 | +€2,629 | +15.4% |
| Profit (loss) for the period | 9904 | €65,868 | €78,945 | +€13,077 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,868 | €78,945 | +€13,077 | +19.9% |
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 14 October 2026 via checked.be.