ARMONA: 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.
ARMONA
Largest movements
- Deferred charges and accrued income +€10,679
up €10,679 (+46.6%), from €22,927 to €33,606
- Cash -€7,379
down €7,379 (-56.0%), from €13,175 to €5,797
mainly Deferred charges and accrued income (-€10,679) and Net result for the year (-€6,795)
- Intangible fixed assets -€6,000
down €6,000 (-22.4%), from €26,787 to €20,787
- Profit (loss) carried forward -€6,795
down €6,795 (-13.4%), from -€50,573 to -€57,368
- Accrued charges and deferred income +€4,455
up €4,455 (+32.4%), from €13,734 to €18,188
- Trade debts -€659
down €659 (-61.9%), from €1,066 to €407
- Gross operating margin -€37,598
down €37,598 (-99.5%), from €37,776 to €177
- Depreciation +€2,925
up €2,925 (+86.6%), from €3,375 to €6,300
- Financial charges -€737
down €737 (-94.2%), from €782 to €45
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 | €64,227 | €61,227 | -€3,000 | -4.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €28,125 | €21,825 | -€6,300 | -22.4% |
| Intangible fixed assets | 21 | €26,787 | €20,787 | -€6,000 | -22.4% |
| Tangible fixed assets | 22/27 | €1,338 | €1,038 | -€300 | -22.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €1,338 | €1,038 | -€300 | -22.4% |
| Current assets | 29/58 | €36,102 | €39,402 | +€3,300 | +9.1% |
| Cash at bank and in hand | 54/58 | €13,175 | €5,797 | -€7,379 | -56.0% |
| Deferred charges and accrued income | 490/1 | €22,927 | €33,606 | +€10,679 | +46.6% |
| Total equity and liabilities | 10/49 | €64,227 | €61,227 | -€3,000 | -4.7% |
| Equity | 10/15 | €49,427 | €42,632 | -€6,795 | -13.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,573 | -€57,368 | -€6,795 | -13.4% |
| Amounts payable | 17/49 | €14,800 | €18,595 | +€3,795 | +25.6% |
| Amounts payable within one year | 42/48 | €1,066 | €407 | -€659 | -61.9% |
| Trade debts | 44 | €1,066 | €407 | -€659 | -61.9% |
| Suppliers | 440/4 | €1,066 | €407 | -€659 | -61.9% |
| Accrued charges and deferred income | 492/3 | €13,734 | €18,188 | +€4,455 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,375 | €6,300 | +€2,925 | +86.6% |
| Other operating charges | 640/8 | €613 | €628 | +€14 | +2.3% |
| Gross operating margin | 9900 | €37,776 | €177 | -€37,598 | -99.5% |
| Operating profit (loss) | 9901 | €33,787 | -€6,750 | -€40,537 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €782 | €45 | -€737 | -94.2% |
| Recurring financial charges | 65 | €782 | €45 | -€737 | -94.2% |
| Profit (loss) for the period before taxes | 9903 | €33,005 | -€6,795 | -€39,800 | |
| Profit (loss) for the period | 9904 | €33,005 | -€6,795 | -€39,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,005 | -€6,795 | -€39,800 |
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 13 October 2026 via checked.be.