ARMO CONSTRUCT: 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.
ARMO CONSTRUCT
Largest movements
- Receivables within one year +€178,004
up €178,004 (+76.4%), from €232,893 to €410,896
of which Other amounts receivable: +€174,224
- Stocks and contracts +€40,000
up €40,000, from €0 to €40,000
- Other debts +€225,990
up €225,990 (+2972.1%), from €7,604 to €233,594
- Profit (loss) carried forward -€38,738
down €38,738 (-230.2%), from -€16,826 to -€55,564
- Trade debts +€31,309
up €31,309 (+1315.1%), from €2,381 to €33,690
- Gross operating margin -€45,264
down €45,264, from €35,797 to -€9,467
- Financial charges -€11,834
down €11,834 (-27.9%), from €42,352 to €30,518
- Financial income +€1,448
up €1,448 (+367.0%), from €394 to €1,842
- Other operating charges -€522
down €522 (-47.1%), from €1,108 to €586
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 | €233,158 | €451,720 | +€218,562 | +93.7% |
| Current assets | 29/58 | €233,158 | €451,720 | +€218,562 | +93.7% |
| Stocks and contracts in progress | 3 | €0 | €40,000 | +€40,000 | |
| Stocks | 30/36 | €0 | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €232,893 | €410,896 | +€178,004 | +76.4% |
| Trade receivables | 40 | €0 | €3,780 | +€3,780 | |
| Other amounts receivable | 41 | €232,893 | €407,116 | +€174,224 | +74.8% |
| Cash at bank and in hand | 54/58 | €266 | €824 | +€558 | +209.9% |
| Total equity and liabilities | 10/49 | €233,158 | €451,720 | +€218,562 | +93.7% |
| Equity | 10/15 | -€6,826 | -€45,564 | -€38,738 | -567.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,826 | -€55,564 | -€38,738 | -230.2% |
| Amounts payable | 17/49 | €239,984 | €497,284 | +€257,300 | +107.2% |
| Amounts payable after more than one year | 17 | €230,000 | €230,000 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €230,000 | €230,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,984 | €267,284 | +€257,300 | +2577.0% |
| Trade debts | 44 | €2,381 | €33,690 | +€31,309 | +1315.1% |
| Suppliers | 440/4 | €2,381 | €33,690 | +€31,309 | +1315.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,604 | €233,594 | +€225,990 | +2972.1% |
| Other operating charges | 640/8 | €1,108 | €586 | -€522 | -47.1% |
| Gross operating margin | 9900 | €35,797 | -€9,467 | -€45,264 | |
| Operating profit (loss) | 9901 | €34,689 | -€10,053 | -€44,742 | |
| Financial income | 75/76B | €394 | €1,842 | +€1,448 | +367.0% |
| Recurring financial income | 75 | €394 | €1,842 | +€1,448 | +367.0% |
| Financial charges | 65/66B | €42,352 | €30,518 | -€11,834 | -27.9% |
| Recurring financial charges | 65 | €42,352 | €30,518 | -€11,834 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,268 | -€38,729 | -€31,460 | -432.8% |
| Income taxes | 67/77 | - | €9 | +€9 | |
| Profit (loss) for the period | 9904 | -€7,268 | -€38,738 | -€31,470 | -433.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,268 | -€38,738 | -€31,470 | -433.0% |
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 10 October 2026 via checked.be.