ARMINI: 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.
ARMINI
Largest movements
- Receivables within one year -€18,562
no longer reported in 2025 (was €18,562)
- Cash -€6,710
down €6,710 (-31.8%), from €21,081 to €14,371
mainly Trade debts (-€20,717) and Net result for the year (-€5,883)
- Receivables after one year -€3,139
down €3,139 (-13.0%), from €24,108 to €20,969
- Trade debts -€20,717
down €20,717 (-87.7%), from €23,621 to €2,904
- Profit (loss) carried forward -€5,883
new in 2025: -€5,883
- Tax, wage and social debts -€1,354
down €1,354 (-12.7%), from €10,678 to €9,324
of which Remuneration and social security: -€985
- Gross operating margin -€27,498
down €27,498, from €23,779 to -€3,719
- Taxes -€5,154
down €5,154 (-91.6%), from €5,624 to €470
- Financial income -€1,213
no longer reported in 2025 (was €1,213)
- Other operating charges +€396
up €396 (+36.8%), from €1,076 to €1,472
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 | €64,230 | €36,436 | -€27,794 | -43.3% |
| Current assets | 29/58 | €64,230 | €36,436 | -€27,794 | -43.3% |
| Amounts receivable after more than one year | 29 | €24,108 | €20,969 | -€3,139 | -13.0% |
| Other amounts receivable | 291 | €24,108 | €20,969 | -€3,139 | -13.0% |
| Amounts receivable within one year | 40/41 | €18,562 | - | -€18,562 | |
| Other amounts receivable | 41 | €18,562 | - | -€18,562 | |
| Cash at bank and in hand | 54/58 | €21,081 | €14,371 | -€6,710 | -31.8% |
| Deferred charges and accrued income | 490/1 | €479 | €1,096 | +€617 | +128.8% |
| Total equity and liabilities | 10/49 | €64,230 | €36,436 | -€27,794 | -43.3% |
| Equity | 10/15 | €28,490 | €22,608 | -€5,883 | -20.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €16,090 | €16,090 | = | 0.0% |
| Distributable reserves | 133 | €16,090 | €16,090 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,883 | -€5,883 | |
| Amounts payable | 17/49 | €35,740 | €13,828 | -€21,911 | -61.3% |
| Amounts payable within one year | 42/48 | €34,300 | €12,228 | -€22,071 | -64.3% |
| Trade debts | 44 | €23,621 | €2,904 | -€20,717 | -87.7% |
| Suppliers | 440/4 | €23,621 | €2,904 | -€20,717 | -87.7% |
| Taxes, remuneration and social security | 45 | €10,678 | €9,324 | -€1,354 | -12.7% |
| Taxes | 450/3 | €6,576 | €6,207 | -€369 | -5.6% |
| Remuneration and social security | 454/9 | €4,102 | €3,117 | -€985 | -24.0% |
| Accrued charges and deferred income | 492/3 | €1,440 | €1,600 | +€160 | +11.1% |
| Other operating charges | 640/8 | €1,076 | €1,472 | +€396 | +36.8% |
| Gross operating margin | 9900 | €23,779 | -€3,719 | -€27,498 | |
| Operating profit (loss) | 9901 | €22,703 | -€5,191 | -€27,894 | |
| Financial income | 75/76B | €1,213 | - | -€1,213 | |
| Recurring financial income | 75 | €1,213 | - | -€1,213 | |
| Financial charges | 65/66B | €55 | €222 | +€167 | +304.4% |
| Recurring financial charges | 65 | €55 | €222 | +€167 | +304.4% |
| Profit (loss) for the period before taxes | 9903 | €23,861 | -€5,413 | -€29,274 | |
| Income taxes | 67/77 | €5,624 | €470 | -€5,154 | -91.6% |
| Profit (loss) for the period | 9904 | €18,237 | -€5,883 | -€24,120 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,237 | -€5,883 | -€24,120 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.