Armon: 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.
Armon
Largest movements
- Tangible fixed assets -€14,744
down €14,744 (-33.6%), from €43,858 to €29,115
of which Furniture and vehicles: -€14,349
- Receivables within one year -€8,251
down €8,251 (-63.0%), from €13,094 to €4,843
of which Other amounts receivable: -€8,165
- Stocks and contracts -€4,196
down €4,196 (-25.7%), from €16,352 to €12,157
- Other debts -€30,550
down €30,550 (-30.7%), from €99,511 to €68,961
- Profit (loss) carried forward +€2,454
up €2,454 (+3.8%), from -€64,661 to -€62,208
- Tax, wage and social debts +€1,507
up €1,507, from €0 to €1,507
- Gross operating margin -€5,289
down €5,289 (-22.8%), from €23,199 to €17,910
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 | €74,259 | €47,745 | -€26,514 | -35.7% |
| Fixed assets | 21/28 | €43,858 | €29,115 | -€14,744 | -33.6% |
| Tangible fixed assets | 22/27 | €43,858 | €29,115 | -€14,744 | -33.6% |
| Furniture and vehicles | 24 | €40,698 | €26,350 | -€14,349 | -35.3% |
| Other tangible fixed assets | 26 | €3,160 | €2,765 | -€395 | -12.5% |
| Current assets | 29/58 | €30,401 | €18,631 | -€11,770 | -38.7% |
| Stocks and contracts in progress | 3 | €16,352 | €12,157 | -€4,196 | -25.7% |
| Stocks | 30/36 | €16,352 | €12,157 | -€4,196 | -25.7% |
| Amounts receivable within one year | 40/41 | €13,094 | €4,843 | -€8,251 | -63.0% |
| Trade receivables | 40 | €4,929 | €4,843 | -€86 | -1.7% |
| Other amounts receivable | 41 | €8,165 | €0 | -€8,165 | -100.0% |
| Cash at bank and in hand | 54/58 | €955 | €1,631 | +€676 | +70.8% |
| Total equity and liabilities | 10/49 | €74,259 | €47,745 | -€26,514 | -35.7% |
| Equity | 10/15 | -€27,655 | -€25,201 | +€2,454 | +8.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €18,414 | €18,414 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €0 | -€620 | -100.0% |
| Reserves not available under the articles | 1311 | €620 | €0 | -€620 | -100.0% |
| Distributable reserves | 133 | €17,795 | €18,414 | +€620 | +3.5% |
| Profit (loss) carried forward | 14 | -€64,661 | -€62,208 | +€2,454 | +3.8% |
| Amounts payable | 17/49 | €101,914 | €72,947 | -€28,968 | -28.4% |
| Amounts payable within one year | 42/48 | €101,914 | €72,947 | -€28,968 | -28.4% |
| Trade debts | 44 | €2,404 | €2,479 | +€75 | +3.1% |
| Suppliers | 440/4 | €2,404 | €2,479 | +€75 | +3.1% |
| Taxes, remuneration and social security | 45 | €0 | €1,507 | +€1,507 | |
| Taxes | 450/3 | €0 | €1,507 | +€1,507 | |
| Other amounts payable | 47/48 | €99,511 | €68,961 | -€30,550 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,744 | €14,744 | = | 0.0% |
| Other operating charges | 640/8 | €444 | €623 | +€179 | +40.4% |
| Gross operating margin | 9900 | €23,199 | €17,910 | -€5,289 | -22.8% |
| Operating profit (loss) | 9901 | €8,012 | €2,544 | -€5,468 | -68.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €45 | €91 | +€47 | +105.0% |
| Recurring financial charges | 65 | €45 | €91 | +€47 | +105.0% |
| Profit (loss) for the period before taxes | 9903 | €7,967 | €2,454 | -€5,514 | -69.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €7,967 | €2,454 | -€5,514 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,967 | €2,454 | -€5,514 | -69.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.