ARMO CONSTRUCT: what changed
ARMO CONSTRUCT
Largest movements
- Receivables within one year +€178,004
up €178,004 (+76.4%), from €232,893 to €410,896
of which Other amounts receivable: +€174,224
- Stocks and contracts +€40,000
up €40,000, from €0 to €40,000
- Other debts +€225,990
up €225,990 (+2,972%), from €7,604 to €233,594
- Profit (loss) carried forward -€38,738
down €38,738 (-230%), from -€16,826 to -€55,564
- Trade debts +€31,309
up €31,309 (+1,315%), from €2,381 to €33,690
- Gross operating margin -€45,264
down €45,264, from €35,797 to -€9,467
- Financial charges -€11,834
down €11,834 (-27.9%), from €42,352 to €30,518
- Financial income +€1,448
up €1,448 (+367%), from €394 to €1,842
- Other operating charges -€522
down €522 (-47.1%), from €1,108 to €586
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,158 | €451,720 | +€218,562 | +93.7% |
| Current assets | 29/58 | €233,158 | €451,720 | +€218,562 | +93.7% |
| Stocks and contracts in progress | 3 | €0 | €40,000 | +€40,000 | |
| Stocks | 30/36 | €0 | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €232,893 | €410,896 | +€178,004 | +76.4% |
| Trade receivables | 40 | €0 | €3,780 | +€3,780 | |
| Other amounts receivable | 41 | €232,893 | €407,116 | +€174,224 | +74.8% |
| Cash at bank and in hand | 54/58 | €266 | €824 | +€558 | +210% |
| Total equity and liabilities | 10/49 | €233,158 | €451,720 | +€218,562 | +93.7% |
| Equity | 10/15 | -€6,826 | -€45,564 | -€38,738 | -568% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,826 | -€55,564 | -€38,738 | -230% |
| Amounts payable | 17/49 | €239,984 | €497,284 | +€257,300 | +107% |
| Amounts payable after more than one year | 17 | €230,000 | €230,000 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €230,000 | €230,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,984 | €267,284 | +€257,300 | +2,577% |
| Trade debts | 44 | €2,381 | €33,690 | +€31,309 | +1,315% |
| Suppliers | 440/4 | €2,381 | €33,690 | +€31,309 | +1,315% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,604 | €233,594 | +€225,990 | +2,972% |
| Other operating charges | 640/8 | €1,108 | €586 | -€522 | -47.1% |
| Gross operating margin | 9900 | €35,797 | -€9,467 | -€45,264 | |
| Operating profit (loss) | 9901 | €34,689 | -€10,053 | -€44,742 | |
| Financial income | 75/76B | €394 | €1,842 | +€1,448 | +367% |
| Recurring financial income | 75 | €394 | €1,842 | +€1,448 | +367% |
| Financial charges | 65/66B | €42,352 | €30,518 | -€11,834 | -27.9% |
| Recurring financial charges | 65 | €42,352 | €30,518 | -€11,834 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,268 | -€38,729 | -€31,460 | -433% |
| Income taxes | 67/77 | - | €9 | +€9 | |
| Profit (loss) for the period | 9904 | -€7,268 | -€38,738 | -€31,470 | -433% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,268 | -€38,738 | -€31,470 | -433% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.