ARGA CAPITAL SRL: 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.
ARGA CAPITAL SRL
Largest movements
- Financial fixed assets +€80,576
up €80,576 (+52.6%), from €153,282 to €233,858
- Receivables within one year -€23,838
down €23,838 (-77.1%), from €30,927 to €7,089
of which Trade receivables: -€23,944
- Cash -€12,061
down €12,061 (-99.7%), from €12,093 to €33
mainly Debts after one year (-€111,377) and Investment in fixed assets (net) (-€80,576)
- Other debts +€115,663
up €115,663 (+116%), from €99,762 to €215,425
- Debts after one year -€111,377
down €111,377 (-49.0%), from €227,152 to €115,776
- Reserves +€89,867
up €89,867 (+359%), from €25,000 to €114,867
of which Tax-exempt reserves: +€114,867
- Profit (loss) carried forward -€60,681
down €60,681, from €960 to -€59,722
- Tax, wage and social debts +€9,739
up €9,739 (+18.9%), from €51,575 to €61,314
- Gross operating margin -€251,438
down €251,438 (-84.1%), from €298,862 to €47,425
- Financial charges -€61,927
down €61,927 (-91.6%), from €67,605 to €5,678
of which Non-recurring financial charges: -€47,706
- Taxes -€23,245
down €23,245 (-68.6%), from €33,869 to €10,624
- Other operating charges +€4,789
up €4,789 (+122%), from €3,923 to €8,713
- Financial income +€3,495
up €3,495 (+107%), from €3,281 to €6,776
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 | €577,034 | €621,712 | +€44,678 | +7.7% |
| Fixed assets | 21/28 | €534,014 | €614,591 | +€80,576 | +15.1% |
| Tangible fixed assets | 22/27 | €380,732 | €380,732 | = | 0.0% |
| Land and buildings | 22 | €380,732 | €380,732 | = | 0.0% |
| Financial fixed assets | 28 | €153,282 | €233,858 | +€80,576 | +52.6% |
| Current assets | 29/58 | €43,020 | €7,122 | -€35,898 | -83.4% |
| Amounts receivable within one year | 40/41 | €30,927 | €7,089 | -€23,838 | -77.1% |
| Trade receivables | 40 | €30,707 | €6,763 | -€23,944 | -78.0% |
| Other amounts receivable | 41 | €220 | €326 | +€107 | +48.6% |
| Cash at bank and in hand | 54/58 | €12,093 | €33 | -€12,061 | -99.7% |
| Total equity and liabilities | 10/49 | €577,034 | €621,712 | +€44,678 | +7.7% |
| Equity | 10/15 | €45,960 | €75,145 | +€29,186 | +63.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €114,867 | +€89,867 | +359% |
| Tax-exempt reserves | 132 | - | €114,867 | +€114,867 | |
| Distributable reserves | 133 | €25,000 | - | -€25,000 | |
| Profit (loss) carried forward | 14 | €960 | -€59,722 | -€60,681 | |
| Amounts payable | 17/49 | €531,075 | €546,567 | +€15,492 | +2.9% |
| Amounts payable after more than one year | 17 | €227,152 | €115,776 | -€111,377 | -49.0% |
| Financial debts | 170/4 | €227,152 | €115,776 | -€111,377 | -49.0% |
| Amounts payable within one year | 42/48 | €302,773 | €430,725 | +€127,952 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €109,893 | €111,377 | +€1,484 | +1.4% |
| Trade debts | 44 | €41,543 | €42,610 | +€1,067 | +2.6% |
| Suppliers | 440/4 | €41,543 | €42,610 | +€1,067 | +2.6% |
| Taxes, remuneration and social security | 45 | €51,575 | €61,314 | +€9,739 | +18.9% |
| Taxes | 450/3 | €51,575 | €61,314 | +€9,739 | +18.9% |
| Other amounts payable | 47/48 | €99,762 | €215,425 | +€115,663 | +116% |
| Accrued charges and deferred income | 492/3 | €1,149 | €66 | -€1,084 | -94.3% |
| Non-recurring operating income | 76A | €243,065 | - | -€243,065 | |
| Other operating charges | 640/8 | €3,923 | €8,713 | +€4,789 | +122% |
| Gross operating margin | 9900 | €298,862 | €47,425 | -€251,438 | -84.1% |
| Operating profit (loss) | 9901 | €294,939 | €38,712 | -€256,227 | -86.9% |
| Financial income | 75/76B | €3,281 | €6,776 | +€3,495 | +107% |
| Recurring financial income | 75 | €3,281 | €6,776 | +€3,495 | +107% |
| Financial charges | 65/66B | €67,605 | €5,678 | -€61,927 | -91.6% |
| Recurring financial charges | 65 | €19,899 | €5,678 | -€14,221 | -71.5% |
| Non-recurring financial charges | 66B | €47,706 | - | -€47,706 | |
| Profit (loss) for the period before taxes | 9903 | €230,615 | €39,810 | -€190,805 | -82.7% |
| Income taxes | 67/77 | €33,869 | €10,624 | -€23,245 | -68.6% |
| Profit (loss) for the period | 9904 | €196,746 | €29,186 | -€167,560 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €196,746 | €29,186 | -€167,560 | -85.2% |
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 28 October 2026 via checked.be.