ARGEIA: 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.
What changed
ARGEIA
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €1.7m+€123,066
Equity
€4.9m
2024 · €4.2m+€672,829
Cash
€55,291
2024 · €68,291-€12,999
Balance sheet total
€5.7m
2024 · €5.4m+€289,491
Largest movements
Assets
- Receivables within one year +€324,236
up €324,236 (+376.2%), from €86,182 to €410,417
of which Other amounts receivable: +€361,000
Equity and liabilities
- Current portion of long-term debt -€1.2m
down €1.2m (-100.0%), from €1.2m to €0
- Reserves +€1.1m
up €1.1m (+29.5%), from €3.7m to €4.8m
- Other debts +€765,592
up €765,592 (+1143527.9%), from €67 to €765,659
- Contributions -€427,500
down €427,500 (-95.5%), from €447,500 to €20,000
Income statement
- Services and other goods -€176,422
down €176,422 (-68.1%), from €259,155 to €82,733
- Taxes +€41,236
up €41,236 (+16.7%), from €247,597 to €288,833
of which Taxes: +€41,400
- Other operating income -€31,514
down €31,514 (-74.1%), from €42,522 to €11,007
- Goods and materials -€26,350
down €26,350 (-72.5%), from €36,340 to €9,990
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.
Result 2024
€1.7m
Other operating income
-€31,514
Goods and materials
+€26,350
Services and other goods
+€176,422
Other operating charges
+€232
Other operating items
-€7,000
Financial income
+€0
Financial charges
-€187
Taxes
-€41,236
Result 2025
€1.9m
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.
From operations
+€2.3m
Investment
€0
Financing
-€2.3m
Cash 2024
€68,291
From operations (derived)
+€2.3m
Net result for the year
+€1.9m
Depreciation
+€21,754
Receivables within one year
-€324,236
Smaller working-capital items
+€1,217
Other debts
+€765,592
Financing
-€2.3m
Current portion of long-term debt
-€1.2m
Contributions, distributions and other
-€1.2m
Cash 2025
€55,291
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,378,953 | €5,668,444 | +€289,491 | +5.4% |
| Fixed assets | 21/28 | €5,224,285 | €5,202,531 | -€21,754 | -0.4% |
| Tangible fixed assets | 22/27 | €66,749 | €44,995 | -€21,754 | -32.6% |
| Furniture and vehicles | 24 | €66,749 | €44,995 | -€21,754 | -32.6% |
| Financial fixed assets | 28 | €5,157,536 | €5,157,536 | = | 0.0% |
| Affiliated companies | 280/1 | €5,157,536 | €5,157,536 | = | 0.0% |
| Participating interests | 280 | €5,157,536 | €5,157,536 | = | 0.0% |
| Current assets | 29/58 | €154,668 | €465,914 | +€311,245 | +201.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €86,182 | €410,417 | +€324,236 | +376.2% |
| Trade receivables | 40 | €86,182 | €49,417 | -€36,764 | -42.7% |
| Other amounts receivable | 41 | - | €361,000 | +€361,000 | |
| Cash at bank and in hand | 54/58 | €68,291 | €55,291 | -€12,999 | -19.0% |
| Deferred charges and accrued income | 490/1 | €196 | €205 | +€9 | +4.7% |
| Total equity and liabilities | 10/49 | €5,378,953 | €5,668,444 | +€289,491 | +5.4% |
| Equity | 10/15 | €4,180,106 | €4,852,935 | +€672,829 | +16.1% |
| Contributions | 10/11 | €447,500 | €20,000 | -€427,500 | -95.5% |
| Reserves | 13 | €3,732,606 | €4,832,935 | +€1.1m | +29.5% |
| Distributable reserves | 133 | €3,732,606 | €4,832,935 | +€1.1m | +29.5% |
| Amounts payable | 17/49 | €1,198,847 | €815,509 | -€383,338 | -32.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,198,847 | €815,509 | -€383,338 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €1,150,156 | €0 | -€1.2m | -100.0% |
| Trade debts | 44 | €2,470 | €4,644 | +€2,175 | +88.0% |
| Suppliers | 440/4 | €2,470 | €4,644 | +€2,175 | +88.0% |
| Taxes, remuneration and social security | 45 | €46,154 | €45,205 | -€949 | -2.1% |
| Taxes | 450/3 | €46,154 | €45,205 | -€949 | -2.1% |
| Other amounts payable | 47/48 | €67 | €765,659 | +€765,592 | +1143527.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €1,309,522 | €1,271,007 | -€38,514 | -2.9% |
| Turnover | 70 | €1,260,000 | €1,260,000 | = | 0.0% |
| Other operating income | 74 | €42,522 | €11,007 | -€31,514 | -74.1% |
| Non-recurring operating income | 76A | €7,000 | €0 | -€7,000 | -100.0% |
| Operating charges | 60/66A | €318,589 | €115,585 | -€203,004 | -63.7% |
| Goods for resale, raw materials and consumables | 60 | €36,340 | €9,990 | -€26,350 | -72.5% |
| Purchases | 600/8 | €36,340 | €9,990 | -€26,350 | -72.5% |
| Services and other goods | 61 | €259,155 | €82,733 | -€176,422 | -68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,754 | €21,754 | = | 0.0% |
| Other operating charges | 640/8 | €1,339 | €1,108 | -€232 | -17.3% |
| Operating profit (loss) | 9901 | €990,933 | €1,155,422 | +€164,489 | +16.6% |
| Financial income | 75/76B | €1,000,020 | €1,000,021 | +€0 | 0.0% |
| Recurring financial income | 75 | €1,000,020 | €1,000,021 | +€0 | 0.0% |
| Income from financial fixed assets | 750 | €1,000,000 | €1,000,000 | = | 0.0% |
| Income from current assets | 751 | €20 | €20 | -€0 | -0.8% |
| Other financial income | 752/9 | €0 | €1 | +€0 | +130.0% |
| Financial charges | 65/66B | €563 | €750 | +€187 | +33.2% |
| Recurring financial charges | 65 | €563 | €750 | +€187 | +33.2% |
| Debt charges | 650 | €30 | €148 | +€118 | +394.9% |
| Other financial charges | 652/9 | €533 | €601 | +€68 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €1,990,391 | €2,154,693 | +€164,303 | +8.3% |
| Income taxes | 67/77 | €247,597 | €288,833 | +€41,236 | +16.7% |
| Taxes | 670/3 | €247,606 | €289,006 | +€41,400 | +16.7% |
| Tax adjustments and reversals of tax provisions | 77 | €9 | €173 | +€164 | +1767.7% |
| Profit (loss) for the period | 9904 | €1,742,794 | €1,865,860 | +€123,066 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,742,794 | €1,865,860 | +€123,066 | +7.1% |
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 9 October 2026 via checked.be.