ARG GROUP: 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.
ARG GROUP
Largest movements
- Tangible fixed assets -€4,195
down €4,195 (-19.8%), from €21,155 to €16,960
of which Furniture and vehicles: -€4,380
- Cash +€3,924
up €3,924 (+451%), from €870 to €4,794
mainly Net result for the year (+€15,200) and Depreciation (+€5,325)
- Receivables within one year -€920
down €920 (-10.8%), from €8,537 to €7,617
of which Trade receivables: -€3,159
- Profit (loss) carried forward +€15,200
up €15,200 (+98.3%), from €15,456 to €30,656
- Other debts -€14,596
down €14,596 (-75.9%), from €19,233 to €4,637
- Tax, wage and social debts -€1,500
no longer reported in 2025 (was €1,500)
- Trade debts -€502
down €502 (-80.7%), from €623 to €120
- Gross operating margin +€784
up €784 (+3.9%), from €20,324 to €21,108
- Depreciation +€756
up €756 (+16.5%), from €4,569 to €5,325
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 | €38,811 | €37,413 | -€1,398 | -3.6% |
| Fixed assets | 21/28 | €21,155 | €16,960 | -€4,195 | -19.8% |
| Tangible fixed assets | 22/27 | €21,155 | €16,960 | -€4,195 | -19.8% |
| Plant, machinery and equipment | 23 | €3,611 | €3,796 | +€185 | +5.1% |
| Furniture and vehicles | 24 | €17,544 | €13,164 | -€4,380 | -25.0% |
| Current assets | 29/58 | €17,657 | €20,454 | +€2,797 | +15.8% |
| Stocks and contracts in progress | 3 | €7,199 | €7,199 | = | 0.0% |
| Stocks | 30/36 | €7,199 | €7,199 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,537 | €7,617 | -€920 | -10.8% |
| Trade receivables | 40 | €7,753 | €4,594 | -€3,159 | -40.7% |
| Other amounts receivable | 41 | €784 | €3,023 | +€2,240 | +286% |
| Cash at bank and in hand | 54/58 | €870 | €4,794 | +€3,924 | +451% |
| Deferred charges and accrued income | 490/1 | €1,051 | €844 | -€207 | -19.7% |
| Total equity and liabilities | 10/49 | €38,811 | €37,413 | -€1,398 | -3.6% |
| Equity | 10/15 | €17,456 | €32,656 | +€15,200 | +87.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,456 | €30,656 | +€15,200 | +98.3% |
| Amounts payable | 17/49 | €21,356 | €4,758 | -€16,598 | -77.7% |
| Amounts payable within one year | 42/48 | €21,356 | €4,758 | -€16,598 | -77.7% |
| Trade debts | 44 | €623 | €120 | -€502 | -80.7% |
| Suppliers | 440/4 | €623 | €120 | -€502 | -80.7% |
| Taxes, remuneration and social security | 45 | €1,500 | - | -€1,500 | |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €19,233 | €4,637 | -€14,596 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,569 | €5,325 | +€756 | +16.5% |
| Other operating charges | 640/8 | €180 | €280 | +€100 | +55.4% |
| Gross operating margin | 9900 | €20,324 | €21,108 | +€784 | +3.9% |
| Operating profit (loss) | 9901 | €15,574 | €15,503 | -€71 | -0.5% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.0% |
| Financial charges | 65/66B | €208 | €303 | +€95 | +45.5% |
| Recurring financial charges | 65 | €208 | €303 | +€95 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €15,370 | €15,200 | -€170 | -1.1% |
| Income taxes | 67/77 | €29 | - | -€29 | |
| Profit (loss) for the period | 9904 | €15,341 | €15,200 | -€141 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,341 | €15,200 | -€141 | -0.9% |
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 18 October 2026 via checked.be.