ARMUT: 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.
ARMUT
Largest movements
- Intangible fixed assets -€5,000
down €5,000 (-35.3%), from €14,167 to €9,167
- Receivables within one year -€2,322
down €2,322 (-44.2%), from €5,256 to €2,934
- Tangible fixed assets -€2,177
down €2,177 (-32.6%), from €6,684 to €4,507
of which Furniture and vehicles: -€3,292
- Cash +€2,100
up €2,100 (+10.1%), from €20,733 to €22,833
mainly Net result for the year (+€9,016) and Depreciation (+€8,377)
- Stocks and contracts -€788
down €788 (-46.5%), from €1,693 to €905
- Other debts -€12,684
down €12,684 (-38.3%), from €33,144 to €20,460
- Profit (loss) carried forward +€9,016
up €9,016, from -€4,570 to €4,446
- Tax, wage and social debts -€2,825
down €2,825 (-38.4%), from €7,363 to €4,538
of which Remuneration and social security: -€2,436
- Trade debts -€1,694
down €1,694 (-35.2%), from €4,812 to €3,118
- Staff costs -€7,803
down €7,803 (-12.2%), from €64,046 to €56,243
- Gross operating margin -€3,782
down €3,782 (-4.8%), from €78,645 to €74,863
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 | €48,809 | €40,622 | -€8,187 | -16.8% |
| Fixed assets | 21/28 | €21,127 | €13,950 | -€7,177 | -34.0% |
| Intangible fixed assets | 21 | €14,167 | €9,167 | -€5,000 | -35.3% |
| Tangible fixed assets | 22/27 | €6,684 | €4,507 | -€2,177 | -32.6% |
| Land and buildings | 22 | - | €1,115 | +€1,115 | |
| Furniture and vehicles | 24 | €6,684 | €3,392 | -€3,292 | -49.3% |
| Financial fixed assets | 28 | €276 | €276 | = | 0.0% |
| Current assets | 29/58 | €27,682 | €26,672 | -€1,010 | -3.6% |
| Stocks and contracts in progress | 3 | €1,693 | €905 | -€788 | -46.5% |
| Stocks | 30/36 | €1,693 | €905 | -€788 | -46.5% |
| Amounts receivable within one year | 40/41 | €5,256 | €2,934 | -€2,322 | -44.2% |
| Trade receivables | 40 | €5,256 | €2,934 | -€2,322 | -44.2% |
| Cash at bank and in hand | 54/58 | €20,733 | €22,833 | +€2,100 | +10.1% |
| Total equity and liabilities | 10/49 | €48,809 | €40,622 | -€8,187 | -16.8% |
| Equity | 10/15 | €3,490 | €12,506 | +€9,016 | +258% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,570 | €4,446 | +€9,016 | |
| Amounts payable | 17/49 | €45,319 | €28,116 | -€17,203 | -38.0% |
| Amounts payable within one year | 42/48 | €45,319 | €28,116 | -€17,203 | -38.0% |
| Trade debts | 44 | €4,812 | €3,118 | -€1,694 | -35.2% |
| Suppliers | 440/4 | €4,812 | €3,118 | -€1,694 | -35.2% |
| Taxes, remuneration and social security | 45 | €7,363 | €4,538 | -€2,825 | -38.4% |
| Taxes | 450/3 | €1,904 | €1,515 | -€389 | -20.4% |
| Remuneration and social security | 454/9 | €5,459 | €3,023 | -€2,436 | -44.6% |
| Other amounts payable | 47/48 | €33,144 | €20,460 | -€12,684 | -38.3% |
| Non-recurring operating income | 76A | - | €857 | +€857 | |
| Remuneration, social security and pensions | 62 | €64,046 | €56,243 | -€7,803 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,192 | €8,377 | +€185 | +2.3% |
| Other operating charges | 640/8 | €770 | €613 | -€157 | -20.4% |
| Gross operating margin | 9900 | €78,645 | €74,863 | -€3,782 | -4.8% |
| Operating profit (loss) | 9901 | €5,637 | €9,630 | +€3,993 | +70.8% |
| Financial income | 75/76B | €27 | €25 | -€2 | -7.4% |
| Recurring financial income | 75 | €27 | €25 | -€2 | -7.4% |
| Financial charges | 65/66B | €705 | €499 | -€206 | -29.2% |
| Recurring financial charges | 65 | €705 | €499 | -€206 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €4,959 | €9,156 | +€4,197 | +84.6% |
| Income taxes | 67/77 | €132 | €140 | +€8 | +6.1% |
| Profit (loss) for the period | 9904 | €4,827 | €9,016 | +€4,189 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,827 | €9,016 | +€4,189 | +86.8% |
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 23 October 2026 via checked.be.