ARMOZIJN: 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.
ARMOZIJN
Largest movements
- Tangible fixed assets -€30,351
down €30,351 (-3.8%), from €791,790 to €761,439
of which Land and buildings: -€24,378
- Deferred charges and accrued income -€8,482
down €8,482 (-59.3%), from €14,313 to €5,832
- Debts after one year -€51,982
down €51,982 (-10.8%), from €482,368 to €430,386
of which Financial debts: -€51,982
- Other debts +€28,072
up €28,072 (+173%), from €16,256 to €44,328
- Current portion of long-term debt -€12,600
down €12,600 (-19.5%), from €64,562 to €51,962
- Reserves +€9,812
up €9,812 (+12.4%), from €79,236 to €89,048
of which Distributable reserves: +€9,812
- Trade debts -€8,828
down €8,828 (-20.0%), from €44,139 to €35,312
- Gross operating margin -€41,592
down €41,592 (-33.0%), from €126,119 to €84,528
- Depreciation -€11,823
down €11,823 (-31.4%), from €37,627 to €25,804
- Taxes -€8,309
down €8,309 (-56.1%), from €14,811 to €6,502
- Other operating charges -€2,932
down €2,932 (-32.4%), from €9,058 to €6,126
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 | €837,165 | €800,314 | -€36,852 | -4.4% |
| Fixed assets | 21/28 | €792,343 | €761,992 | -€30,351 | -3.8% |
| Tangible fixed assets | 22/27 | €791,790 | €761,439 | -€30,351 | -3.8% |
| Land and buildings | 22 | €785,020 | €760,642 | -€24,378 | -3.1% |
| Furniture and vehicles | 24 | €2,222 | €797 | -€1,425 | -64.1% |
| Leasing and similar rights | 25 | €4,548 | €0 | -€4,548 | -100% |
| Financial fixed assets | 28 | €553 | €553 | = | 0.0% |
| Current assets | 29/58 | €44,822 | €38,322 | -€6,500 | -14.5% |
| Amounts receivable within one year | 40/41 | €30,509 | €32,475 | +€1,967 | +6.4% |
| Trade receivables | 40 | €30,509 | €32,475 | +€1,967 | +6.4% |
| Cash at bank and in hand | 54/58 | - | €15 | +€15 | |
| Deferred charges and accrued income | 490/1 | €14,313 | €5,832 | -€8,482 | -59.3% |
| Total equity and liabilities | 10/49 | €837,165 | €800,314 | -€36,852 | -4.4% |
| Equity | 10/15 | €194,039 | €203,851 | +€9,812 | +5.1% |
| Contributions | 10/11 | €87,200 | €87,200 | = | 0.0% |
| Reserves | 13 | €79,236 | €89,048 | +€9,812 | +12.4% |
| Non-distributable reserves | 130/1 | €2,316 | €2,316 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,316 | €2,316 | = | 0.0% |
| Distributable reserves | 133 | €76,920 | €86,732 | +€9,812 | +12.8% |
| Profit (loss) carried forward | 14 | €27,603 | €27,603 | = | 0.0% |
| Amounts payable | 17/49 | €643,127 | €596,463 | -€46,664 | -7.3% |
| Amounts payable after more than one year | 17 | €482,368 | €430,386 | -€51,982 | -10.8% |
| Financial debts | 170/4 | €411,277 | €359,295 | -€51,982 | -12.6% |
| Other amounts payable | 178/9 | €71,092 | €71,092 | = | 0.0% |
| Amounts payable within one year | 42/48 | €160,020 | €165,330 | +€5,310 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €64,562 | €51,962 | -€12,600 | -19.5% |
| Financial debts | 43 | €37 | €0 | -€37 | -100% |
| Credit institutions | 430/8 | €37 | €0 | -€37 | -100% |
| Trade debts | 44 | €44,139 | €35,312 | -€8,828 | -20.0% |
| Suppliers | 440/4 | €44,139 | €35,312 | -€8,828 | -20.0% |
| Taxes, remuneration and social security | 45 | €35,025 | €33,728 | -€1,297 | -3.7% |
| Taxes | 450/3 | €35,025 | €33,728 | -€1,297 | -3.7% |
| Other amounts payable | 47/48 | €16,256 | €44,328 | +€28,072 | +173% |
| Accrued charges and deferred income | 492/3 | €739 | €747 | +€8 | +1.1% |
| Non-recurring operating income | 76A | - | €21,013 | +€21,013 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,627 | €25,804 | -€11,823 | -31.4% |
| Other operating charges | 640/8 | €9,058 | €6,126 | -€2,932 | -32.4% |
| Non-recurring operating charges | 66A | €250 | €268 | +€18 | +7.0% |
| Gross operating margin | 9900 | €126,119 | €84,528 | -€41,592 | -33.0% |
| Operating profit (loss) | 9901 | €79,184 | €52,330 | -€26,854 | -33.9% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.3% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.3% |
| Financial charges | 65/66B | €34,782 | €36,016 | +€1,234 | +3.5% |
| Recurring financial charges | 65 | €34,782 | €36,016 | +€1,234 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €44,412 | €16,314 | -€28,098 | -63.3% |
| Income taxes | 67/77 | €14,811 | €6,502 | -€8,309 | -56.1% |
| Profit (loss) for the period | 9904 | €29,601 | €9,812 | -€19,789 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,601 | €9,812 | -€19,789 | -66.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.