Arma: 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.
Arma
Largest movements
- Cash -€64,117
down €64,117 (-48.4%), from €132,494 to €68,377
mainly Tax, wage and social debts (-€80,595) and Investment in fixed assets (net) (-€29,027)
- Current investments -€20,000
down €20,000 (-3.1%), from €649,076 to €629,076
- Tax, wage and social debts -€80,595
down €80,595 (-88.8%), from €90,780 to €10,186
- Gross operating margin -€7,204
down €7,204 (-15.0%), from €47,993 to €40,788
- Financial income +€4,138
up €4,138 (+25.2%), from €16,452 to €20,590
- Taxes -€2,484
down €2,484 (-20.0%), from €12,399 to €9,915
- Depreciation +€654
up €654 (+1.8%), from €36,690 to €37,345
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 | €1,589,899 | €1,496,085 | -€93,814 | -5.9% |
| Fixed assets | 21/28 | €804,433 | €796,115 | -€8,318 | -1.0% |
| Tangible fixed assets | 22/27 | €804,433 | €796,115 | -€8,318 | -1.0% |
| Land and buildings | 22 | €804,202 | €796,115 | -€8,087 | -1.0% |
| Furniture and vehicles | 24 | €231 | €0 | -€231 | -100% |
| Current assets | 29/58 | €785,467 | €699,970 | -€85,497 | -10.9% |
| Amounts receivable within one year | 40/41 | €3,113 | €1,743 | -€1,370 | -44.0% |
| Trade receivables | 40 | €33 | €0 | -€33 | -100% |
| Other amounts receivable | 41 | €3,080 | €1,743 | -€1,337 | -43.4% |
| Current investments | 50/53 | €649,076 | €629,076 | -€20,000 | -3.1% |
| Cash at bank and in hand | 54/58 | €132,494 | €68,377 | -€64,117 | -48.4% |
| Deferred charges and accrued income | 490/1 | €784 | €774 | -€10 | -1.3% |
| Total equity and liabilities | 10/49 | €1,589,899 | €1,496,085 | -€93,814 | -5.9% |
| Equity | 10/15 | €1,424,684 | €1,413,712 | -€10,972 | -0.8% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €804,684 | €793,712 | -€10,972 | -1.4% |
| Tax-exempt reserves | 132 | €208,854 | €197,769 | -€11,084 | -5.3% |
| Distributable reserves | 133 | €595,830 | €595,943 | +€113 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €69,618 | €65,923 | -€3,695 | -5.3% |
| Deferred taxes | 168 | €69,618 | €65,923 | -€3,695 | -5.3% |
| Amounts payable | 17/49 | €95,598 | €16,450 | -€79,148 | -82.8% |
| Amounts payable within one year | 42/48 | €94,307 | €15,555 | -€78,751 | -83.5% |
| Trade debts | 44 | €2,437 | €3,530 | +€1,093 | +44.9% |
| Suppliers | 440/4 | €2,437 | €3,530 | +€1,093 | +44.9% |
| Taxes, remuneration and social security | 45 | €90,780 | €10,186 | -€80,595 | -88.8% |
| Taxes | 450/3 | €90,780 | €10,186 | -€80,595 | -88.8% |
| Other amounts payable | 47/48 | €1,089 | €1,839 | +€750 | +68.9% |
| Accrued charges and deferred income | 492/3 | €1,291 | €895 | -€397 | -30.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,690 | €37,345 | +€654 | +1.8% |
| Other operating charges | 640/8 | €7,825 | €7,840 | +€15 | +0.2% |
| Gross operating margin | 9900 | €47,993 | €40,788 | -€7,204 | -15.0% |
| Operating profit (loss) | 9901 | €3,477 | -€4,396 | -€7,874 | |
| Financial income | 75/76B | €16,452 | €20,590 | +€4,138 | +25.2% |
| Recurring financial income | 75 | €16,452 | €20,590 | +€4,138 | +25.2% |
| Financial charges | 65/66B | €531 | €541 | +€10 | +1.9% |
| Recurring financial charges | 65 | €531 | €541 | +€10 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €19,399 | €15,653 | -€3,746 | -19.3% |
| Transfer from deferred taxes | 780 | €32,032 | €3,695 | -€28,337 | -88.5% |
| Income taxes | 67/77 | €12,399 | €9,915 | -€2,484 | -20.0% |
| Profit (loss) for the period | 9904 | €39,031 | €9,432 | -€29,599 | -75.8% |
| Transfer from tax-exempt reserves | 789 | €13,786 | €11,084 | -€2,702 | -19.6% |
| Transfer to tax-exempt reserves | 689 | €27,436 | €0 | -€27,436 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €25,381 | €20,517 | -€4,865 | -19.2% |
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 15 October 2026 via checked.be.