ARMYA: 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.
ARMYA
Largest movements
- Receivables within one year +€11,082
up €11,082 (+26.2%), from €42,283 to €53,365
- Cash +€7,014
up €7,014 (+125.9%), from €5,572 to €12,586
mainly Net result for the year (+€26,071) and Depreciation (+€2,625)
- Tangible fixed assets -€2,625
down €2,625 (-33.3%), from €7,875 to €5,250
- Profit (loss) carried forward +€20,071
up €20,071 (+52.0%), from €38,630 to €58,701
- Other debts -€3,500
down €3,500 (-36.8%), from €9,500 to €6,000
- Trade debts -€1,100
no longer reported in 2025 (was €1,100)
- Financial income +€1,206
up €1,206 (+81.8%), from €1,474 to €2,680
- Financial charges -€755
down €755 (-92.6%), from €815 to €60
- Gross operating margin -€711
down €711 (-2.5%), from €28,090 to €27,379
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 | €55,730 | €71,201 | +€15,471 | +27.8% |
| Fixed assets | 21/28 | €7,875 | €5,250 | -€2,625 | -33.3% |
| Tangible fixed assets | 22/27 | €7,875 | €5,250 | -€2,625 | -33.3% |
| Furniture and vehicles | 24 | €7,875 | €5,250 | -€2,625 | -33.3% |
| Current assets | 29/58 | €47,855 | €65,951 | +€18,096 | +37.8% |
| Amounts receivable within one year | 40/41 | €42,283 | €53,365 | +€11,082 | +26.2% |
| Other amounts receivable | 41 | €42,283 | €53,365 | +€11,082 | +26.2% |
| Cash at bank and in hand | 54/58 | €5,572 | €12,586 | +€7,014 | +125.9% |
| Total equity and liabilities | 10/49 | €55,730 | €71,201 | +€15,471 | +27.8% |
| Equity | 10/15 | €45,130 | €65,201 | +€20,071 | +44.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,630 | €58,701 | +€20,071 | +52.0% |
| Amounts payable | 17/49 | €10,600 | €6,000 | -€4,600 | -43.4% |
| Amounts payable within one year | 42/48 | €10,600 | €6,000 | -€4,600 | -43.4% |
| Trade debts | 44 | €1,100 | - | -€1,100 | |
| Suppliers | 440/4 | €1,100 | - | -€1,100 | |
| Other amounts payable | 47/48 | €9,500 | €6,000 | -€3,500 | -36.8% |
| Remuneration, social security and pensions | 62 | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,625 | €2,625 | = | 0.0% |
| Other operating charges | 640/8 | €1,470 | €1,303 | -€167 | -11.3% |
| Gross operating margin | 9900 | €28,090 | €27,379 | -€711 | -2.5% |
| Operating profit (loss) | 9901 | €23,745 | €23,450 | -€294 | -1.2% |
| Financial income | 75/76B | €1,474 | €2,680 | +€1,206 | +81.8% |
| Recurring financial income | 75 | €1,474 | €2,680 | +€1,206 | +81.8% |
| Financial charges | 65/66B | €815 | €60 | -€755 | -92.6% |
| Recurring financial charges | 65 | €815 | €60 | -€755 | -92.6% |
| Profit (loss) for the period before taxes | 9903 | €24,404 | €26,071 | +€1,667 | +6.8% |
| Profit (loss) for the period | 9904 | €24,404 | €26,071 | +€1,667 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,404 | €26,071 | +€1,667 | +6.8% |
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 12 October 2026 via checked.be.