ARMOSA TECH: 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.
What changed
ARMOSA TECH
NACE 46.851, Wholesale of industrial chemicals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€921,645
2024 · €669,670+€251,975
Equity
€2.7m
2024 · €2.2m+€421,645
Cash
€262,016
2024 · €627,249-€365,232
Balance sheet total
€11.3m
2024 · €10.7m+€636,157
Largest movements
Assets
- Intangible fixed assets +€1.7m
up €1.7m (+41.9%), from €4.1m to €5.8m
- Receivables within one year -€390,606
down €390,606 (-9.4%), from €4.2m to €3.8m
of which Trade receivables: -€285,438
- Cash -€365,232
down €365,232 (-58.2%), from €627,249 to €262,016
mainly Investment in fixed assets (net) (-€3.9m) and Trade debts (-€1.0m)
- Stocks and contracts -€299,469
down €299,469 (-17.1%), from €1.8m to €1.5m
Equity and liabilities
- Trade debts -€1.0m
down €1.0m (-56.1%), from €1.9m to €813,186
- Debts after one year +€993,473
up €993,473 (+34.5%), from €2.9m to €3.9m
- Other debts +€480,865
up €480,865 (+64.2%), from €749,566 to €1.2m
- Profit (loss) carried forward +€421,645
up €421,645 (+23.2%), from €1.8m to €2.2m
- Tax, wage and social debts -€118,237
down €118,237 (-50.9%), from €232,407 to €114,170
of which Taxes: -€119,028
Income statement
- Turnover +€2.9m
up €2.9m (+47.2%), from €6.2m to €9.1m
- Goods and materials +€2.5m
up €2.5m (+54.9%), from €4.5m to €7.0m
of which Purchases: +€2.2m
- Depreciation +€314,994
up €314,994 (+16.6%), from €1.9m to €2.2m
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.
Result 2024
€669,670
Turnover
+€2.9m
Other operating income
-€26,408
Goods and materials
-€2.5m
Services and other goods
-€79,782
Staff costs
+€68,729
Depreciation
-€314,994
Write-downs
+€39,330
Other operating charges
-€3,089
Other operating items
+€147,501
Financial income
+€69,314
Financial charges
-€33,596
Taxes
-€56,735
Result 2025
€921,645
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.
From operations
+€3.1m
Investment
-€3.9m
Financing
+€392,548
Cash 2024
€627,249
From operations (derived)
+€3.1m
Net result for the year
+€921,645
Depreciation
+€2.2m
Stocks and contracts
+€299,469
Receivables within one year
+€390,606
Trade debts
-€1.0m
Tax, wage and social debts
-€118,237
Other debts
+€480,865
Accrued charges and deferred income
-€509
Investment (derived)
-€3.9m
Investment in fixed assets (net)
-€3.9m
Financing
+€392,548
Debts after one year
+€993,473
Current portion of long-term debt
+€9,211
Short-term financial debts
-€110,135
Contributions, distributions and other
-€500,000
Cash 2025
€262,016
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,679,290 | €11,315,448 | +€636,157 | +6.0% |
| Fixed assets | 21/28 | €4,140,070 | €5,831,535 | +€1.7m | +40.9% |
| Intangible fixed assets | 21 | €4,072,108 | €5,778,659 | +€1.7m | +41.9% |
| Tangible fixed assets | 22/27 | €27,338 | €12,252 | -€15,086 | -55.2% |
| Plant, machinery and equipment | 23 | €16,576 | €12,252 | -€4,325 | -26.1% |
| Furniture and vehicles | 24 | €10,761 | €0 | -€10,761 | -100.0% |
| Financial fixed assets | 28 | €40,624 | €40,624 | = | 0.0% |
| Affiliated companies | 280/1 | €40,624 | €40,624 | = | 0.0% |
| Participating interests | 280 | €40,624 | €40,624 | = | 0.0% |
| Current assets | 29/58 | €6,539,221 | €5,483,913 | -€1.1m | -16.1% |
| Stocks and contracts in progress | 3 | €1,750,071 | €1,450,602 | -€299,469 | -17.1% |
| Stocks | 30/36 | €1,750,071 | €1,450,602 | -€299,469 | -17.1% |
| Goods purchased for resale | 34 | €1,750,071 | €1,450,602 | -€299,469 | -17.1% |
| Amounts receivable within one year | 40/41 | €4,161,901 | €3,771,295 | -€390,606 | -9.4% |
| Trade receivables | 40 | €3,348,299 | €3,062,861 | -€285,438 | -8.5% |
| Other amounts receivable | 41 | €813,603 | €708,434 | -€105,169 | -12.9% |
| Cash at bank and in hand | 54/58 | €627,249 | €262,016 | -€365,232 | -58.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €10,679,290 | €11,315,448 | +€636,157 | +6.0% |
| Equity | 10/15 | €2,234,452 | €2,656,097 | +€421,645 | +18.9% |
| Contributions | 10/11 | €158,324 | €158,324 | = | 0.0% |
| Capital | 10 | €158,324 | €158,324 | = | 0.0% |
| Issued capital | 100 | €158,324 | €158,324 | = | 0.0% |
| Reserves | 13 | €260,069 | €260,069 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,833 | €15,833 | = | 0.0% |
| Legal reserve | 130 | €15,833 | €15,833 | = | 0.0% |
| Distributable reserves | 133 | €244,237 | €244,237 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,816,058 | €2,237,703 | +€421,645 | +23.2% |
| Amounts payable | 17/49 | €8,444,839 | €8,659,351 | +€214,512 | +2.5% |
| Amounts payable after more than one year | 17 | €2,882,532 | €3,876,005 | +€993,473 | +34.5% |
| Financial debts | 170/4 | €2,882,532 | €3,876,005 | +€993,473 | +34.5% |
| Subordinated loans | 170 | €0 | - | = | |
| Credit institutions | 173 | €2,882,532 | €3,876,005 | +€993,473 | +34.5% |
| Amounts payable within one year | 42/48 | €5,535,712 | €4,757,261 | -€778,451 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €1,223,314 | €1,232,525 | +€9,211 | +0.8% |
| Financial debts | 43 | €1,477,084 | €1,366,949 | -€110,135 | -7.5% |
| Credit institutions | 430/8 | €1,477,084 | €1,366,949 | -€110,135 | -7.5% |
| Trade debts | 44 | €1,853,342 | €813,186 | -€1.0m | -56.1% |
| Suppliers | 440/4 | €1,853,342 | €813,186 | -€1.0m | -56.1% |
| Taxes, remuneration and social security | 45 | €232,407 | €114,170 | -€118,237 | -50.9% |
| Taxes | 450/3 | €221,236 | €102,207 | -€119,028 | -53.8% |
| Remuneration and social security | 454/9 | €11,171 | €11,963 | +€792 | +7.1% |
| Other amounts payable | 47/48 | €749,566 | €1,230,431 | +€480,865 | +64.2% |
| Accrued charges and deferred income | 492/3 | €26,595 | €26,085 | -€509 | -1.9% |
| Operating income | 70/76A | €8,853,996 | €11,898,312 | +€3.0m | +34.4% |
| Turnover | 70 | €6,199,283 | €9,122,505 | +€2.9m | +47.2% |
| Own construction capitalised | 72 | €0 | - | = | |
| Other operating income | 74 | €2,654,713 | €2,628,306 | -€26,408 | -1.0% |
| Non-recurring operating income | 76A | - | €147,501 | +€147,501 | |
| Operating charges | 60/66A | €7,852,752 | €10,624,075 | +€2.8m | +35.3% |
| Goods for resale, raw materials and consumables | 60 | €4,518,266 | €6,999,782 | +€2.5m | +54.9% |
| Purchases | 600/8 | €4,496,010 | €6,700,313 | +€2.2m | +49.0% |
| Change in stocks: decrease (increase) | 609 | €22,255 | €299,469 | +€277,213 | +1245.6% |
| Services and other goods | 61 | €1,210,374 | €1,290,156 | +€79,782 | +6.6% |
| Remuneration, social security and pensions | 62 | €187,650 | €118,921 | -€68,729 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,896,014 | €2,211,009 | +€314,994 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,330 | €0 | -€39,330 | -100.0% |
| Other operating charges | 640/8 | €1,118 | €4,207 | +€3,089 | +276.4% |
| Operating profit (loss) | 9901 | €1,001,244 | €1,274,237 | +€272,993 | +27.3% |
| Financial income | 75/76B | €9,415 | €78,729 | +€69,314 | +736.2% |
| Recurring financial income | 75 | €9,415 | €78,729 | +€69,314 | +736.2% |
| Other financial income | 752/9 | €9,415 | €78,729 | +€69,314 | +736.2% |
| Financial charges | 65/66B | €237,518 | €271,114 | +€33,596 | +14.1% |
| Recurring financial charges | 65 | €237,518 | €271,114 | +€33,596 | +14.1% |
| Debt charges | 650 | €177,568 | €192,558 | +€14,990 | +8.4% |
| Other financial charges | 652/9 | €59,949 | €78,556 | +€18,606 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €773,142 | €1,081,853 | +€308,711 | +39.9% |
| Income taxes | 67/77 | €103,472 | €160,207 | +€56,735 | +54.8% |
| Taxes | 670/3 | €104,000 | €162,000 | +€58,000 | +55.8% |
| Tax adjustments and reversals of tax provisions | 77 | €528 | €1,793 | +€1,265 | +239.6% |
| Profit (loss) for the period | 9904 | €669,670 | €921,645 | +€251,975 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €669,670 | €921,645 | +€251,975 | +37.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.