Argena consult: 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.
Argena consult
Largest movements
- Cash +€26,644
up €26,644 (+184%), from €14,487 to €41,130
mainly Net result for the year (+€45,561) and Depreciation (+€12,454)
- Receivables within one year +€19,820
new in 2025: €19,820
- Tangible fixed assets -€11,313
down €11,313 (-32.1%), from €35,231 to €23,918
- Reserves +€45,561
up €45,561 (+791%), from €5,760 to €51,321
- Debts after one year -€16,354
down €16,354 (-100%), from €16,354 to €0
- Tax, wage and social debts +€7,346
up €7,346 (+223%), from €3,295 to €10,642
- Current portion of long-term debt -€883
down €883 (-5.1%), from €17,237 to €16,354
- Gross operating margin +€61,650
up €61,650 (+576%), from €10,704 to €72,354
- Taxes +€11,191
up €11,191 (+737%), from €1,519 to €12,710
- Depreciation +€9,522
up €9,522 (+325%), from €2,932 to €12,454
- Financial charges +€823
up €823 (+784%), from €105 to €928
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 | €49,717 | €84,868 | +€35,151 | +70.7% |
| Fixed assets | 21/28 | €35,231 | €23,918 | -€11,313 | -32.1% |
| Tangible fixed assets | 22/27 | €35,231 | €23,918 | -€11,313 | -32.1% |
| Furniture and vehicles | 24 | €35,231 | €23,918 | -€11,313 | -32.1% |
| Current assets | 29/58 | €14,487 | €60,950 | +€46,464 | +321% |
| Amounts receivable within one year | 40/41 | - | €19,820 | +€19,820 | |
| Trade receivables | 40 | - | €19,820 | +€19,820 | |
| Cash at bank and in hand | 54/58 | €14,487 | €41,130 | +€26,644 | +184% |
| Total equity and liabilities | 10/49 | €49,717 | €84,868 | +€35,151 | +70.7% |
| Equity | 10/15 | €10,760 | €56,321 | +€45,561 | +423% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,760 | €51,321 | +€45,561 | +791% |
| Distributable reserves | 133 | €5,760 | €51,321 | +€45,561 | +791% |
| Amounts payable | 17/49 | €38,958 | €28,547 | -€10,410 | -26.7% |
| Amounts payable after more than one year | 17 | €16,354 | €0 | -€16,354 | -100% |
| Financial debts | 170/4 | €16,354 | €0 | -€16,354 | -100% |
| Amounts payable within one year | 42/48 | €22,603 | €28,547 | +€5,944 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €17,237 | €16,354 | -€883 | -5.1% |
| Trade debts | 44 | €1,091 | €642 | -€449 | -41.2% |
| Suppliers | 440/4 | €1,091 | €642 | -€449 | -41.2% |
| Taxes, remuneration and social security | 45 | €3,295 | €10,642 | +€7,346 | +223% |
| Taxes | 450/3 | €3,295 | €10,642 | +€7,346 | +223% |
| Other amounts payable | 47/48 | €980 | €910 | -€70 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,932 | €12,454 | +€9,522 | +325% |
| Other operating charges | 640/8 | €388 | €709 | +€321 | +82.9% |
| Gross operating margin | 9900 | €10,704 | €72,354 | +€61,650 | +576% |
| Operating profit (loss) | 9901 | €7,384 | €59,190 | +€51,806 | +702% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €105 | €928 | +€823 | +784% |
| Recurring financial charges | 65 | €105 | €928 | +€823 | +784% |
| Profit (loss) for the period before taxes | 9903 | €7,279 | €58,271 | +€50,992 | +701% |
| Income taxes | 67/77 | €1,519 | €12,710 | +€11,191 | +737% |
| Profit (loss) for the period | 9904 | €5,760 | €45,561 | +€39,801 | +691% |
| Profit (loss) for the period to be appropriated | 9905 | €5,760 | €45,561 | +€39,801 | +691% |
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 14 October 2026 via checked.be.