ARGASS: 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.
ARGASS
Largest movements
- Cash -€16,267
down €16,267 (-34.4%), from €47,344 to €31,077
mainly Contributions, distributions and other (-€27,374) and Tax, wage and social debts (-€11,989)
- Deferred charges and accrued income -€941
down €941 (-12.2%), from €7,689 to €6,748
- Tax, wage and social debts -€11,989
down €11,989 (-85.7%), from €13,997 to €2,008
- Profit (loss) carried forward -€6,406
down €6,406 (-100.0%), from €6,406 to €0
- Other debts +€1,055
up €1,055 (+3.8%), from €27,861 to €28,916
- Gross operating margin -€12,567
down €12,567 (-26.2%), from €48,055 to €35,488
- Taxes -€3,817
down €3,817 (-33.9%), from €11,251 to €7,434
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 | €71,027 | €53,552 | -€17,475 | -24.6% |
| Fixed assets | 21/28 | €3,396 | €3,265 | -€131 | -3.9% |
| Tangible fixed assets | 22/27 | €3,154 | €3,023 | -€131 | -4.2% |
| Plant, machinery and equipment | 23 | €728 | €3,023 | +€2,295 | +315.4% |
| Furniture and vehicles | 24 | €2,426 | €0 | -€2,426 | -100.0% |
| Financial fixed assets | 28 | €243 | €243 | = | 0.0% |
| Current assets | 29/58 | €67,631 | €50,286 | -€17,344 | -25.6% |
| Amounts receivable within one year | 40/41 | €12,598 | €12,462 | -€136 | -1.1% |
| Trade receivables | 40 | €12,598 | €9,895 | -€2,702 | -21.5% |
| Other amounts receivable | 41 | - | €2,566 | +€2,566 | |
| Cash at bank and in hand | 54/58 | €47,344 | €31,077 | -€16,267 | -34.4% |
| Deferred charges and accrued income | 490/1 | €7,689 | €6,748 | -€941 | -12.2% |
| Total equity and liabilities | 10/49 | €71,027 | €53,552 | -€17,475 | -24.6% |
| Equity | 10/15 | €26,866 | €20,460 | -€6,406 | -23.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,406 | €0 | -€6,406 | -100.0% |
| Amounts payable | 17/49 | €44,161 | €33,092 | -€11,069 | -25.1% |
| Amounts payable within one year | 42/48 | €44,161 | €33,092 | -€11,069 | -25.1% |
| Trade debts | 44 | €2,303 | €2,168 | -€136 | -5.9% |
| Suppliers | 440/4 | €2,303 | €2,168 | -€136 | -5.9% |
| Taxes, remuneration and social security | 45 | €13,997 | €2,008 | -€11,989 | -85.7% |
| Taxes | 450/3 | €13,997 | €2,008 | -€11,989 | -85.7% |
| Other amounts payable | 47/48 | €27,861 | €28,916 | +€1,055 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,148 | €1,921 | -€228 | -10.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €2,077 | +€2,077 | |
| Gross operating margin | 9900 | €48,055 | €35,488 | -€12,567 | -26.2% |
| Operating profit (loss) | 9901 | €45,520 | €31,090 | -€14,429 | -31.7% |
| Financial income | 75/76B | €1 | €1 | -€0 | -5.7% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -5.7% |
| Financial charges | 65/66B | €2,862 | €2,689 | -€173 | -6.1% |
| Recurring financial charges | 65 | €2,862 | €2,689 | -€173 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €42,658 | €28,402 | -€14,256 | -33.4% |
| Income taxes | 67/77 | €11,251 | €7,434 | -€3,817 | -33.9% |
| Profit (loss) for the period | 9904 | €31,406 | €20,968 | -€10,438 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,406 | €20,968 | -€10,438 | -33.2% |
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 7 October 2026 via checked.be.