ARMO Consulting: 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 Consulting
Largest movements
- Cash +€39,709
up €39,709 (+109%), from €36,296 to €76,005
mainly Net result for the year (+€61,457) and Depreciation (+€3,885)
- Tangible fixed assets +€17,177
up €17,177 (+2,294%), from €749 to €17,926
- Receivables within one year -€1,500
down €1,500 (-11.8%), from €12,753 to €11,253
- Profit (loss) carried forward +€61,457
up €61,457 (+175%), from €35,067 to €96,524
- Tax, wage and social debts -€6,519
down €6,519 (-50.0%), from €13,044 to €6,525
- Gross operating margin +€32,338
up €32,338 (+91.2%), from €35,461 to €67,799
- Depreciation +€3,510
up €3,510 (+938%), from €374 to €3,885
- Other operating charges +€2,212
new in 2025: €2,212
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 | €50,193 | €105,579 | +€55,386 | +110% |
| Fixed assets | 21/28 | €749 | €17,926 | +€17,177 | +2,294% |
| Tangible fixed assets | 22/27 | €749 | €17,926 | +€17,177 | +2,294% |
| Furniture and vehicles | 24 | €749 | €17,926 | +€17,177 | +2,294% |
| Current assets | 29/58 | €49,444 | €87,653 | +€38,209 | +77.3% |
| Amounts receivable within one year | 40/41 | €12,753 | €11,253 | -€1,500 | -11.8% |
| Trade receivables | 40 | €12,753 | €11,253 | -€1,500 | -11.8% |
| Cash at bank and in hand | 54/58 | €36,296 | €76,005 | +€39,709 | +109% |
| Deferred charges and accrued income | 490/1 | €395 | €395 | = | 0.0% |
| Total equity and liabilities | 10/49 | €50,193 | €105,579 | +€55,386 | +110% |
| Equity | 10/15 | €36,567 | €98,024 | +€61,457 | +168% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,067 | €96,524 | +€61,457 | +175% |
| Amounts payable | 17/49 | €13,626 | €7,554 | -€6,071 | -44.6% |
| Amounts payable within one year | 42/48 | €13,626 | €7,554 | -€6,071 | -44.6% |
| Trade debts | 44 | €581 | - | -€581 | |
| Suppliers | 440/4 | €581 | - | -€581 | |
| Taxes, remuneration and social security | 45 | €13,044 | €6,525 | -€6,519 | -50.0% |
| Taxes | 450/3 | €13,044 | €6,525 | -€6,519 | -50.0% |
| Other amounts payable | 47/48 | - | €1,030 | +€1,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374 | €3,885 | +€3,510 | +938% |
| Other operating charges | 640/8 | - | €2,212 | +€2,212 | |
| Gross operating margin | 9900 | €35,461 | €67,799 | +€32,338 | +91.2% |
| Operating profit (loss) | 9901 | €35,086 | €61,703 | +€26,616 | +75.9% |
| Financial charges | 65/66B | €19 | €246 | +€227 | +1,210% |
| Recurring financial charges | 65 | €19 | €246 | +€227 | +1,210% |
| Profit (loss) for the period before taxes | 9903 | €35,067 | €61,457 | +€26,390 | +75.3% |
| Profit (loss) for the period | 9904 | €35,067 | €61,457 | +€26,390 | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,067 | €61,457 | +€26,390 | +75.3% |
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 18 October 2026 via checked.be.