ARMITA: 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.
ARMITA
Largest movements
- Receivables within one year +€3,430
up €3,430 (+31.3%), from €10,946 to €14,376
of which Trade receivables: +€3,430
- Cash +€1,668
up €1,668 (+49.0%), from €3,404 to €5,073
mainly Net result for the year (+€5,406) and Tax, wage and social debts (+€2,041)
- Tangible fixed assets +€717
new in 2025: €717
- Reserves +€5,406
up €5,406 (+128%), from €4,232 to €9,638
- Tax, wage and social debts +€2,041
up €2,041 (+97.7%), from €2,088 to €4,129
- Trade debts -€1,632
down €1,632 (-28.6%), from €5,714 to €4,082
- Gross operating margin +€6,311
up €6,311 (+107%), from €5,876 to €12,187
- Taxes +€2,290
up €2,290 (+149%), from €1,535 to €3,825
- Financial charges +€1,422
up €1,422 (+3,024%), from €47 to €1,469
- Other operating charges +€1,161
up €1,161 (+820%), from €142 to €1,303
- Depreciation +€186
new in 2025: €186
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 | €18,101 | €23,915 | +€5,814 | +32.1% |
| Fixed assets | 21/28 | €3,750 | €4,467 | +€717 | +19.1% |
| Tangible fixed assets | 22/27 | - | €717 | +€717 | |
| Plant, machinery and equipment | 23 | - | €717 | +€717 | |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €14,351 | €19,448 | +€5,098 | +35.5% |
| Amounts receivable within one year | 40/41 | €10,946 | €14,376 | +€3,430 | +31.3% |
| Trade receivables | 40 | €9,512 | €12,941 | +€3,430 | +36.1% |
| Other amounts receivable | 41 | €1,434 | €1,434 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,404 | €5,073 | +€1,668 | +49.0% |
| Total equity and liabilities | 10/49 | €18,101 | €23,915 | +€5,814 | +32.1% |
| Equity | 10/15 | €6,232 | €11,638 | +€5,406 | +86.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,232 | €9,638 | +€5,406 | +128% |
| Distributable reserves | 133 | €4,232 | €9,638 | +€5,406 | +128% |
| Amounts payable | 17/49 | €11,868 | €12,277 | +€409 | +3.4% |
| Amounts payable within one year | 42/48 | €11,868 | €12,277 | +€409 | +3.4% |
| Trade debts | 44 | €5,714 | €4,082 | -€1,632 | -28.6% |
| Suppliers | 440/4 | €5,714 | €4,082 | -€1,632 | -28.6% |
| Taxes, remuneration and social security | 45 | €2,088 | €4,129 | +€2,041 | +97.7% |
| Taxes | 450/3 | €2,088 | €4,129 | +€2,041 | +97.7% |
| Other amounts payable | 47/48 | €4,066 | €4,066 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €186 | +€186 | |
| Other operating charges | 640/8 | €142 | €1,303 | +€1,161 | +820% |
| Gross operating margin | 9900 | €5,876 | €12,187 | +€6,311 | +107% |
| Operating profit (loss) | 9901 | €5,734 | €10,698 | +€4,964 | +86.6% |
| Financial income | 75/76B | €80 | €1 | -€79 | -98.8% |
| Recurring financial income | 75 | €80 | €1 | -€79 | -98.8% |
| Financial charges | 65/66B | €47 | €1,469 | +€1,422 | +3,024% |
| Recurring financial charges | 65 | €47 | €1,469 | +€1,422 | +3,024% |
| Profit (loss) for the period before taxes | 9903 | €5,767 | €9,231 | +€3,464 | +60.1% |
| Income taxes | 67/77 | €1,535 | €3,825 | +€2,290 | +149% |
| Profit (loss) for the period | 9904 | €4,232 | €5,406 | +€1,173 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,232 | €5,406 | +€1,173 | +27.7% |
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 24 October 2026 via checked.be.