ArgAccount: 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.
ArgAccount
Largest movements
- Receivables within one year +€239,754
up €239,754 (+343.9%), from €69,725 to €309,480
- Cash -€12,462
down €12,462 (-53.0%), from €23,535 to €11,073
mainly Receivables within one year (-€239,754) and Deferred charges and accrued income (-€2,738)
- Debts after one year +€137,438
new in 2025: €137,438
- Trade debts +€33,679
up €33,679 (+63.9%), from €52,744 to €86,423
- Other debts +€30,000
new in 2025: €30,000
- Current portion of long-term debt +€20,562
new in 2025: €20,562
- Profit (loss) carried forward +€4,222
up €4,222 (+209.0%), from €2,020 to €6,243
- Gross operating margin +€106,929
up €106,929 (+264.7%), from €40,389 to €147,318
- Staff costs +€99,069
up €99,069 (+272.7%), from €36,332 to €135,401
- Financial charges +€3,812
up €3,812 (+3133.8%), from €122 to €3,933
- Taxes +€1,602
up €1,602 (+211.7%), from €757 to €2,359
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 | €95,485 | €324,598 | +€229,113 | +239.9% |
| Fixed assets | 21/28 | €963 | €47 | -€917 | -95.1% |
| Intangible fixed assets | 21 | €963 | €47 | -€917 | -95.1% |
| Current assets | 29/58 | €94,521 | €324,551 | +€230,030 | +243.4% |
| Amounts receivable within one year | 40/41 | €69,725 | €309,480 | +€239,754 | +343.9% |
| Trade receivables | 40 | €69,725 | €309,480 | +€239,754 | +343.9% |
| Cash at bank and in hand | 54/58 | €23,535 | €11,073 | -€12,462 | -53.0% |
| Deferred charges and accrued income | 490/1 | €1,261 | €3,999 | +€2,738 | +217.1% |
| Total equity and liabilities | 10/49 | €95,485 | €324,598 | +€229,113 | +239.9% |
| Equity | 10/15 | €22,020 | €26,243 | +€4,222 | +19.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,020 | €6,243 | +€4,222 | +209.0% |
| Amounts payable | 17/49 | €73,464 | €298,356 | +€224,891 | +306.1% |
| Amounts payable after more than one year | 17 | - | €137,438 | +€137,438 | |
| Financial debts | 170/4 | - | €137,438 | +€137,438 | |
| Amounts payable within one year | 42/48 | €73,464 | €160,918 | +€87,453 | +119.0% |
| Current portion of amounts payable after more than one year | 42 | - | €20,562 | +€20,562 | |
| Trade debts | 44 | €52,744 | €86,423 | +€33,679 | +63.9% |
| Suppliers | 440/4 | €52,744 | €86,423 | +€33,679 | +63.9% |
| Taxes, remuneration and social security | 45 | €20,721 | €23,933 | +€3,212 | +15.5% |
| Taxes | 450/3 | €9,441 | €5,817 | -€3,625 | -38.4% |
| Remuneration and social security | 454/9 | €11,279 | €18,116 | +€6,837 | +60.6% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Remuneration, social security and pensions | 62 | €36,332 | €135,401 | +€99,069 | +272.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €917 | €917 | +€0 | 0.0% |
| Other operating charges | 640/8 | €361 | €486 | +€125 | +34.6% |
| Gross operating margin | 9900 | €40,389 | €147,318 | +€106,929 | +264.7% |
| Operating profit (loss) | 9901 | €2,780 | €10,515 | +€7,735 | +278.3% |
| Financial charges | 65/66B | €122 | €3,933 | +€3,812 | +3133.8% |
| Recurring financial charges | 65 | €122 | €3,933 | +€3,812 | +3133.8% |
| Profit (loss) for the period before taxes | 9903 | €2,658 | €6,582 | +€3,924 | +147.6% |
| Income taxes | 67/77 | €757 | €2,359 | +€1,602 | +211.7% |
| Profit (loss) for the period | 9904 | €1,901 | €4,222 | +€2,321 | +122.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,901 | €4,222 | +€2,321 | +122.1% |
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 4 October 2026 via checked.be.