ARG SOUDURE: what changed
ARG SOUDURE
Largest movements
- Cash -€12,115
down €12,115 (-22.6%), from €53,540 to €41,425
mainly Net result for the year (-€7,055) and Deferred charges and accrued income (-€2,741)
- Deferred charges and accrued income +€2,741
up €2,741 (+362%), from €757 to €3,498
- Receivables within one year +€1,249
up €1,249 (+6.7%), from €18,566 to €19,815
of which Other amounts receivable: +€3,516
- Reserves -€7,055
down €7,055 (-14.0%), from €50,423 to €43,368
of which Distributable reserves: -€7,055
- Tax, wage and social debts -€1,622
down €1,622 (-39.2%), from €4,143 to €2,521
- Gross operating margin -€11,965
down €11,965, from €5,776 to -€6,189
- Taxes -€2,372
down €2,372 (-96.9%), from €2,447 to €75
- Financial income +€86
up €86 (+10.1%), from €851 to €937
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 | €73,166 | €64,821 | -€8,345 | -11.4% |
| Fixed assets | 21/28 | €303 | €83 | -€220 | -72.6% |
| Tangible fixed assets | 22/27 | €303 | €83 | -€220 | -72.6% |
| Plant, machinery and equipment | 23 | €303 | €83 | -€220 | -72.6% |
| Current assets | 29/58 | €72,863 | €64,738 | -€8,125 | -11.2% |
| Amounts receivable within one year | 40/41 | €18,566 | €19,815 | +€1,249 | +6.7% |
| Trade receivables | 40 | €2,489 | €222 | -€2,267 | -91.1% |
| Other amounts receivable | 41 | €16,077 | €19,593 | +€3,516 | +21.9% |
| Cash at bank and in hand | 54/58 | €53,540 | €41,425 | -€12,115 | -22.6% |
| Deferred charges and accrued income | 490/1 | €757 | €3,498 | +€2,741 | +362% |
| Total equity and liabilities | 10/49 | €73,166 | €64,821 | -€8,345 | -11.4% |
| Equity | 10/15 | €69,023 | €61,968 | -€7,055 | -10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,423 | €43,368 | -€7,055 | -14.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,563 | €41,508 | -€7,055 | -14.5% |
| Amounts payable | 17/49 | €4,143 | €2,853 | -€1,290 | -31.1% |
| Amounts payable within one year | 42/48 | €4,143 | €2,853 | -€1,290 | -31.1% |
| Trade debts | 44 | - | €332 | +€332 | |
| Suppliers | 440/4 | - | €332 | +€332 | |
| Taxes, remuneration and social security | 45 | €4,143 | €2,521 | -€1,622 | -39.2% |
| Taxes | 450/3 | €4,143 | €2,521 | -€1,622 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | €220 | = | 0.0% |
| Other operating charges | 640/8 | €1,403 | €1,434 | +€31 | +2.2% |
| Gross operating margin | 9900 | €5,776 | -€6,189 | -€11,965 | |
| Operating profit (loss) | 9901 | €4,153 | -€7,843 | -€11,996 | |
| Financial income | 75/76B | €851 | €937 | +€86 | +10.1% |
| Recurring financial income | 75 | €851 | €937 | +€86 | +10.1% |
| Financial charges | 65/66B | €70 | €74 | +€4 | +5.7% |
| Recurring financial charges | 65 | €70 | €74 | +€4 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €4,934 | -€6,980 | -€11,914 | |
| Income taxes | 67/77 | €2,447 | €75 | -€2,372 | -96.9% |
| Profit (loss) for the period | 9904 | €2,487 | -€7,055 | -€9,542 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,487 | -€7,055 | -€9,542 |
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.