ARG GENERAL SERVICES: what changed
Two fiscal 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.
ARG GENERAL SERVICES
Largest movements
- Tangible fixed assets -€3,813
down €3,813 (-13.5%), from €28,211 to €24,398
- Receivables within one year -€2,262
down €2,262 (-8.8%), from €25,701 to €23,439
of which Other amounts receivable: -€1,164
- Cash +€2,084
up €2,084 (+168.5%), from €1,237 to €3,321
mainly Depreciation (+€8,093) and Other debts (+€7,439)
- Other debts +€7,439
up €7,439 (+131.0%), from €5,678 to €13,117
- Tax, wage and social debts -€4,524
down €4,524 (-36.2%), from €12,489 to €7,965
of which Remuneration and social security: -€4,900
- Trade debts -€4,410
down €4,410 (-99.6%), from €4,428 to €18
- Current portion of long-term debt -€3,060
down €3,060 (-96.2%), from €3,180 to €120
- Profit (loss) carried forward +€1,368
up €1,368 (+4.9%), from €27,966 to €29,334
- Gross operating margin -€16,677
down €16,677 (-51.8%), from €32,217 to €15,540
- Depreciation +€4,910
up €4,910 (+154.3%), from €3,183 to €8,093
- Taxes -€3,646
down €3,646 (-60.5%), from €6,022 to €2,376
- Financial charges +€1,166
up €1,166 (+135.7%), from €859 to €2,025
of which Non-recurring financial charges: +€1,700
- Other operating charges -€911
down €911 (-35.2%), from €2,589 to €1,678
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 | €55,955 | €52,054 | -€3,901 | -7.0% |
| Fixed assets | 21/28 | €28,211 | €24,398 | -€3,813 | -13.5% |
| Tangible fixed assets | 22/27 | €28,211 | €24,398 | -€3,813 | -13.5% |
| Furniture and vehicles | 24 | €28,211 | €24,398 | -€3,813 | -13.5% |
| Current assets | 29/58 | €27,744 | €27,656 | -€88 | -0.3% |
| Amounts receivable within one year | 40/41 | €25,701 | €23,439 | -€2,262 | -8.8% |
| Trade receivables | 40 | €23,806 | €22,708 | -€1,098 | -4.6% |
| Other amounts receivable | 41 | €1,895 | €731 | -€1,164 | -61.4% |
| Cash at bank and in hand | 54/58 | €1,237 | €3,321 | +€2,084 | +168.5% |
| Deferred charges and accrued income | 490/1 | €806 | €896 | +€90 | +11.2% |
| Total equity and liabilities | 10/49 | €55,955 | €52,054 | -€3,901 | -7.0% |
| Equity | 10/15 | €29,466 | €30,834 | +€1,368 | +4.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,966 | €29,334 | +€1,368 | +4.9% |
| Amounts payable | 17/49 | €26,489 | €21,220 | -€5,269 | -19.9% |
| Amounts payable after more than one year | 17 | €714 | €0 | -€714 | -100.0% |
| Financial debts | 170/4 | €714 | €0 | -€714 | -100.0% |
| Amounts payable within one year | 42/48 | €25,775 | €21,220 | -€4,555 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €3,180 | €120 | -€3,060 | -96.2% |
| Trade debts | 44 | €4,428 | €18 | -€4,410 | -99.6% |
| Suppliers | 440/4 | €4,428 | €18 | -€4,410 | -99.6% |
| Taxes, remuneration and social security | 45 | €12,489 | €7,965 | -€4,524 | -36.2% |
| Taxes | 450/3 | €7,589 | €7,965 | +€376 | +5.0% |
| Remuneration and social security | 454/9 | €4,900 | €0 | -€4,900 | -100.0% |
| Other amounts payable | 47/48 | €5,678 | €13,117 | +€7,439 | +131.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,183 | €8,093 | +€4,910 | +154.3% |
| Other operating charges | 640/8 | €2,589 | €1,678 | -€911 | -35.2% |
| Gross operating margin | 9900 | €32,217 | €15,540 | -€16,677 | -51.8% |
| Operating profit (loss) | 9901 | €26,445 | €5,769 | -€20,676 | -78.2% |
| Financial income | 75/76B | €29 | €0 | -€29 | -100.0% |
| Recurring financial income | 75 | €29 | €0 | -€29 | -100.0% |
| Financial charges | 65/66B | €859 | €2,025 | +€1,166 | +135.7% |
| Recurring financial charges | 65 | €859 | €325 | -€534 | -62.2% |
| Non-recurring financial charges | 66B | - | €1,700 | +€1,700 | |
| Profit (loss) for the period before taxes | 9903 | €25,615 | €3,745 | -€21,870 | -85.4% |
| Income taxes | 67/77 | €6,022 | €2,376 | -€3,646 | -60.5% |
| Profit (loss) for the period | 9904 | €19,593 | €1,369 | -€18,224 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,593 | €1,369 | -€18,224 | -93.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.