ArgaTeam: 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.
ArgaTeam
Largest movements
- Cash -€4,685
down €4,685 (-23.2%), from €20,175 to €15,490
mainly Tax, wage and social debts (-€30,893) and Deferred charges and accrued income (-€2,019)
- Deferred charges and accrued income +€2,019
up €2,019 (+24.1%), from €8,384 to €10,403
- Receivables within one year +€1,405
up €1,405 (+1.6%), from €90,217 to €91,622
of which Other amounts receivable: +€3,503
- Tax, wage and social debts -€30,893
down €30,893 (-49.3%), from €62,672 to €31,779
of which Taxes: -€22,751
- Trade debts +€15,609
up €15,609 (+125.9%), from €12,395 to €28,004
- Short-term financial debts +€9,178
new in 2025: €9,178
- Profit (loss) carried forward +€5,564
up €5,564 (+23.2%), from €24,010 to €29,574
- Gross operating margin -€34,108
down €34,108 (-20.4%), from €167,234 to €133,126
- Staff costs -€14,412
down €14,412 (-10.9%), from €132,651 to €118,239
- Taxes -€4,874
down €4,874 (-64.6%), from €7,547 to €2,673
- Financial charges +€2,243
up €2,243 (+64.6%), from €3,471 to €5,714
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 | €119,077 | €118,535 | -€542 | -0.5% |
| Fixed assets | 21/28 | €300 | €1,019 | +€719 | +239.6% |
| Intangible fixed assets | 21 | - | €953 | +€953 | |
| Tangible fixed assets | 22/27 | €234 | €0 | -€234 | -100.0% |
| Furniture and vehicles | 24 | €234 | €0 | -€234 | -100.0% |
| Financial fixed assets | 28 | €66 | €66 | = | 0.0% |
| Current assets | 29/58 | €118,776 | €117,516 | -€1,261 | -1.1% |
| Amounts receivable within one year | 40/41 | €90,217 | €91,622 | +€1,405 | +1.6% |
| Trade receivables | 40 | €84,149 | €82,051 | -€2,098 | -2.5% |
| Other amounts receivable | 41 | €6,068 | €9,571 | +€3,503 | +57.7% |
| Cash at bank and in hand | 54/58 | €20,175 | €15,490 | -€4,685 | -23.2% |
| Deferred charges and accrued income | 490/1 | €8,384 | €10,403 | +€2,019 | +24.1% |
| Total equity and liabilities | 10/49 | €119,077 | €118,535 | -€542 | -0.5% |
| Equity | 10/15 | €44,010 | €49,574 | +€5,564 | +12.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,010 | €29,574 | +€5,564 | +23.2% |
| Amounts payable | 17/49 | €75,066 | €68,961 | -€6,106 | -8.1% |
| Amounts payable within one year | 42/48 | €75,066 | €68,961 | -€6,106 | -8.1% |
| Financial debts | 43 | - | €9,178 | +€9,178 | |
| Credit institutions | 430/8 | - | €9,178 | +€9,178 | |
| Trade debts | 44 | €12,395 | €28,004 | +€15,609 | +125.9% |
| Suppliers | 440/4 | €12,395 | €28,004 | +€15,609 | +125.9% |
| Taxes, remuneration and social security | 45 | €62,672 | €31,779 | -€30,893 | -49.3% |
| Taxes | 450/3 | €33,818 | €11,067 | -€22,751 | -67.3% |
| Remuneration and social security | 454/9 | €28,853 | €20,711 | -€8,142 | -28.2% |
| Remuneration, social security and pensions | 62 | €132,651 | €118,239 | -€14,412 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277 | €627 | +€350 | +126.4% |
| Other operating charges | 640/8 | €521 | €308 | -€213 | -40.9% |
| Gross operating margin | 9900 | €167,234 | €133,126 | -€34,108 | -20.4% |
| Operating profit (loss) | 9901 | €33,784 | €13,951 | -€19,833 | -58.7% |
| Financial charges | 65/66B | €3,471 | €5,714 | +€2,243 | +64.6% |
| Recurring financial charges | 65 | €3,471 | €5,714 | +€2,243 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €30,313 | €8,237 | -€22,076 | -72.8% |
| Income taxes | 67/77 | €7,547 | €2,673 | -€4,874 | -64.6% |
| Profit (loss) for the period | 9904 | €22,766 | €5,564 | -€17,202 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,766 | €5,564 | -€17,202 | -75.6% |
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.