Armogu: 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.
Armogu
Largest movements
- Receivables within one year +€18,992
up €18,992 (+86.3%), from €22,000 to €40,992
of which Other amounts receivable: +€17,485
- Cash +€11,906
up €11,906 (+40.3%), from €29,554 to €41,460
mainly Net result for the year (+€30,240) and Deferred charges and accrued income (+€4,725)
- Deferred charges and accrued income -€4,725
down €4,725 (-56.4%), from €8,371 to €3,646
- Tangible fixed assets +€1,224
up €1,224 (+44.3%), from €2,762 to €3,985
of which Other tangible fixed assets: +€1,950
- Reserves +€30,240
up €30,240 (+64.2%), from €47,076 to €77,316
- Trade debts -€5,490
down €5,490 (-76.8%), from €7,147 to €1,657
- Tax, wage and social debts +€2,647
up €2,647 (+41.0%), from €6,463 to €9,110
of which Remuneration and social security: +€2,419
- Gross operating margin +€9,569
up €9,569 (+30.5%), from €31,417 to €40,986
- Taxes +€1,893
up €1,893 (+28.8%), from €6,571 to €8,464
- Financial income +€900
up €900 (+2164.5%), from €42 to €941
- Other operating charges +€624
up €624, from €0 to €624
- Financial charges -€599
down €599 (-25.4%), from €2,361 to €1,762
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 | €62,686 | €90,083 | +€27,397 | +43.7% |
| Fixed assets | 21/28 | €2,762 | €3,985 | +€1,224 | +44.3% |
| Tangible fixed assets | 22/27 | €2,762 | €3,985 | +€1,224 | +44.3% |
| Furniture and vehicles | 24 | €2,762 | €2,035 | -€726 | -26.3% |
| Other tangible fixed assets | 26 | - | €1,950 | +€1,950 | |
| Current assets | 29/58 | €59,925 | €86,098 | +€26,173 | +43.7% |
| Amounts receivable within one year | 40/41 | €22,000 | €40,992 | +€18,992 | +86.3% |
| Trade receivables | 40 | €19,253 | €20,760 | +€1,507 | +7.8% |
| Other amounts receivable | 41 | €2,747 | €20,232 | +€17,485 | +636.4% |
| Cash at bank and in hand | 54/58 | €29,554 | €41,460 | +€11,906 | +40.3% |
| Deferred charges and accrued income | 490/1 | €8,371 | €3,646 | -€4,725 | -56.4% |
| Total equity and liabilities | 10/49 | €62,686 | €90,083 | +€27,397 | +43.7% |
| Equity | 10/15 | €49,076 | €79,316 | +€30,240 | +61.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €47,076 | €77,316 | +€30,240 | +64.2% |
| Distributable reserves | 133 | €47,076 | €77,316 | +€30,240 | +64.2% |
| Amounts payable | 17/49 | €13,610 | €10,767 | -€2,843 | -20.9% |
| Amounts payable within one year | 42/48 | €13,610 | €10,767 | -€2,843 | -20.9% |
| Trade debts | 44 | €7,147 | €1,657 | -€5,490 | -76.8% |
| Suppliers | 440/4 | €7,147 | €1,657 | -€5,490 | -76.8% |
| Taxes, remuneration and social security | 45 | €6,463 | €9,110 | +€2,647 | +41.0% |
| Taxes | 450/3 | €6,463 | €6,691 | +€228 | +3.5% |
| Remuneration and social security | 454/9 | - | €2,419 | +€2,419 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €665 | €726 | +€61 | +9.2% |
| Other operating charges | 640/8 | €0 | €624 | +€624 | |
| Non-recurring operating charges | 66A | €474 | €111 | -€363 | -76.6% |
| Gross operating margin | 9900 | €31,417 | €40,986 | +€9,569 | +30.5% |
| Operating profit (loss) | 9901 | €30,278 | €39,525 | +€9,248 | +30.5% |
| Financial income | 75/76B | €42 | €941 | +€900 | +2164.5% |
| Recurring financial income | 75 | €42 | €941 | +€900 | +2164.5% |
| Financial charges | 65/66B | €2,361 | €1,762 | -€599 | -25.4% |
| Recurring financial charges | 65 | €2,361 | €1,762 | -€599 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €27,958 | €38,704 | +€10,746 | +38.4% |
| Income taxes | 67/77 | €6,571 | €8,464 | +€1,893 | +28.8% |
| Profit (loss) for the period | 9904 | €21,387 | €30,240 | +€8,853 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,387 | €30,240 | +€8,853 | +41.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.