L'ARMAILLI: 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.
L'ARMAILLI
Largest movements
- Cash -€3,746
down €3,746 (-62.4%), from €6,002 to €2,256
mainly Net result for the year (-€4,769) and Trade debts (-€3,945)
- Deferred charges and accrued income -€2,946
down €2,946 (-65.5%), from €4,495 to €1,549
- Stocks and contracts +€1,849
up €1,849 (+9.6%), from €19,266 to €21,115
- Receivables within one year -€1,323
down €1,323 (-53.3%), from €2,481 to €1,158
of which Other amounts receivable: -€1,047
- Intangible fixed assets -€459
down €459 (-42.9%), from €1,070 to €611
- Current portion of long-term debt +€5,217
up €5,217 (+125%), from €4,179 to €9,396
- Profit (loss) carried forward -€4,769
down €4,769 (-314%), from -€1,518 to -€6,287
- Trade debts -€3,945
down €3,945 (-26.2%), from €15,040 to €11,095
- Short-term financial debts -€2,729
no longer reported in 2025 (was €2,729)
- Tax, wage and social debts -€1,815
down €1,815 (-16.1%), from €11,250 to €9,435
of which Taxes: -€3,023
- Gross operating margin -€8,024
down €8,024 (-16.1%), from €49,979 to €41,955
- Staff costs +€4,985
up €4,985 (+20.1%), from €24,812 to €29,797
- Taxes -€2,334
down €2,334 (-97.5%), from €2,394 to €60
- Other operating charges +€2,096
up €2,096 (+22.3%), from €9,382 to €11,478
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 | €37,864 | €31,683 | -€6,181 | -16.3% |
| Fixed assets | 21/28 | €5,620 | €5,605 | -€15 | -0.3% |
| Intangible fixed assets | 21 | €1,070 | €611 | -€459 | -42.9% |
| Tangible fixed assets | 22/27 | €4,187 | €4,631 | +€444 | +10.6% |
| Plant, machinery and equipment | 23 | €3,601 | €3,609 | +€8 | +0.2% |
| Furniture and vehicles | 24 | €586 | €1,022 | +€436 | +74.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €32,244 | €26,078 | -€6,166 | -19.1% |
| Stocks and contracts in progress | 3 | €19,266 | €21,115 | +€1,849 | +9.6% |
| Stocks | 30/36 | €19,266 | €21,115 | +€1,849 | +9.6% |
| Amounts receivable within one year | 40/41 | €2,481 | €1,158 | -€1,323 | -53.3% |
| Trade receivables | 40 | €772 | €496 | -€276 | -35.8% |
| Other amounts receivable | 41 | €1,709 | €662 | -€1,047 | -61.3% |
| Cash at bank and in hand | 54/58 | €6,002 | €2,256 | -€3,746 | -62.4% |
| Deferred charges and accrued income | 490/1 | €4,495 | €1,549 | -€2,946 | -65.5% |
| Total equity and liabilities | 10/49 | €37,864 | €31,683 | -€6,181 | -16.3% |
| Equity | 10/15 | €3,482 | -€1,287 | -€4,769 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,518 | -€6,287 | -€4,769 | -314% |
| Amounts payable | 17/49 | €34,382 | €32,970 | -€1,412 | -4.1% |
| Amounts payable after more than one year | 17 | €706 | €706 | = | 0.0% |
| Financial debts | 170/4 | €706 | €706 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,538 | €31,962 | -€1,576 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €4,179 | €9,396 | +€5,217 | +125% |
| Financial debts | 43 | €2,729 | - | -€2,729 | |
| Credit institutions | 430/8 | €2,729 | - | -€2,729 | |
| Trade debts | 44 | €15,040 | €11,095 | -€3,945 | -26.2% |
| Suppliers | 440/4 | €15,040 | €11,095 | -€3,945 | -26.2% |
| Taxes, remuneration and social security | 45 | €11,250 | €9,435 | -€1,815 | -16.1% |
| Taxes | 450/3 | €3,084 | €61 | -€3,023 | -98.0% |
| Remuneration and social security | 454/9 | €8,166 | €9,374 | +€1,208 | +14.8% |
| Other amounts payable | 47/48 | €340 | €2,036 | +€1,696 | +499% |
| Accrued charges and deferred income | 492/3 | €138 | €302 | +€164 | +119% |
| Remuneration, social security and pensions | 62 | €24,812 | €29,797 | +€4,985 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,424 | €2,778 | +€354 | +14.6% |
| Other operating charges | 640/8 | €9,382 | €11,478 | +€2,096 | +22.3% |
| Gross operating margin | 9900 | €49,979 | €41,955 | -€8,024 | -16.1% |
| Operating profit (loss) | 9901 | €13,361 | -€2,098 | -€15,459 | |
| Financial income | 75/76B | €212 | €259 | +€47 | +22.2% |
| Recurring financial income | 75 | €212 | €259 | +€47 | +22.2% |
| Financial charges | 65/66B | €2,977 | €2,870 | -€107 | -3.6% |
| Recurring financial charges | 65 | €2,977 | €2,870 | -€107 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €10,596 | -€4,709 | -€15,305 | |
| Income taxes | 67/77 | €2,394 | €60 | -€2,334 | -97.5% |
| Profit (loss) for the period | 9904 | €8,202 | -€4,769 | -€12,971 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,202 | -€4,769 | -€12,971 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.