ARGENT OFFICE: 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
ARGENT OFFICE
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€105,278
2024 · -€614,992+€720,270
Equity
€3.2m
2024 · €3.1m+€105,278
Cash
€2,522
2024 · €2,660-€138
Balance sheet total
€19.1m
2024 · €18.4m+€680,921
Largest movements
Assets
- Receivables after one year +€681,436
up €681,436 (+7.5%), from €9.1m to €9.8m
- Deferred charges and accrued income +€322,352
new in 2025: €322,352
- Tangible fixed assets -€279,570
down €279,570 (-3.2%), from €8.8m to €8.5m
Equity and liabilities
- Debts after one year +€636,523
up €636,523 (+4.2%), from €15.2m to €15.8m
of which Financial debts: +€1.4m
Income statement
- Financial charges -€479,454
down €479,454 (-34.3%), from €1.4m to €918,463
- Gross operating margin +€234,010
up €234,010 (+36.3%), from €644,663 to €878,674
- Financial income +€58,473
up €58,473 (+13.3%), from €438,284 to €496,757
- Taxes +€51,634
up €51,634 (+267%), from €19,368 to €71,002
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
-€614,992
Gross operating margin
+€234,010
Other operating charges
-€33
Financial income
+€58,473
Financial charges
+€479,454
Taxes
-€51,634
Result 2025
€105,278
raises the resultlowers the result
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.
From operations
-€636,951
Investment
+€290
Financing
+€636,523
Cash 2024
€2,660
From operations (derived)
-€636,951
Net result for the year
+€105,278
Depreciation
+€279,570
Receivables after one year
-€681,436
Receivables within one year
+€42,870
Deferred charges and accrued income
-€322,352
Trade debts
-€63,560
Tax, wage and social debts
-€60,900
Accrued charges and deferred income
+€63,580
Investment (derived)
+€290
Investment in fixed assets (net)
+€290
Financing
+€636,523
Debts after one year
+€636,523
Cash 2025
€2,522
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,390,298 | €19,071,219 | +€680,921 | +3.7% |
| Fixed assets | 21/28 | €8,817,136 | €8,537,276 | -€279,860 | -3.2% |
| Tangible fixed assets | 22/27 | €8,816,846 | €8,537,276 | -€279,570 | -3.2% |
| Land and buildings | 22 | €8,816,846 | €8,537,276 | -€279,570 | -3.2% |
| Financial fixed assets | 28 | €290 | €0 | -€290 | -100% |
| Current assets | 29/58 | €9,573,162 | €10,533,942 | +€960,780 | +10.0% |
| Amounts receivable after more than one year | 29 | €9,109,943 | €9,791,379 | +€681,436 | +7.5% |
| Other amounts receivable | 291 | €9,109,943 | €9,791,379 | +€681,436 | +7.5% |
| Amounts receivable within one year | 40/41 | €460,560 | €417,690 | -€42,870 | -9.3% |
| Trade receivables | 40 | - | €32,810 | +€32,810 | |
| Other amounts receivable | 41 | €460,560 | €384,880 | -€75,680 | -16.4% |
| Cash at bank and in hand | 54/58 | €2,660 | €2,522 | -€138 | -5.2% |
| Deferred charges and accrued income | 490/1 | - | €322,352 | +€322,352 | |
| Total equity and liabilities | 10/49 | €18,390,298 | €19,071,219 | +€680,921 | +3.7% |
| Equity | 10/15 | €3,093,474 | €3,198,752 | +€105,278 | +3.4% |
| Contributions | 10/11 | €1,700,000 | €1,700,000 | = | 0.0% |
| Capital | 10 | €1,700,000 | €1,700,000 | = | 0.0% |
| Issued capital | 100 | €1,700,000 | €1,700,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,036,059 | €2,036,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€642,585 | -€537,308 | +€105,278 | +16.4% |
| Amounts payable | 17/49 | €15,296,824 | €15,872,467 | +€575,643 | +3.8% |
| Amounts payable after more than one year | 17 | €15,167,298 | €15,803,821 | +€636,523 | +4.2% |
| Financial debts | 170/4 | €13,800,000 | €15,159,560 | +€1.4m | +9.9% |
| Other amounts payable | 178/9 | €1,367,298 | €644,261 | -€723,037 | -52.9% |
| Amounts payable within one year | 42/48 | €129,527 | €5,066 | -€124,460 | -96.1% |
| Trade debts | 44 | €68,626 | €5,066 | -€63,560 | -92.6% |
| Suppliers | 440/4 | €68,626 | €5,066 | -€63,560 | -92.6% |
| Taxes, remuneration and social security | 45 | €60,900 | €0 | -€60,900 | -100% |
| Taxes | 450/3 | €60,900 | €0 | -€60,900 | -100% |
| Accrued charges and deferred income | 492/3 | - | €63,580 | +€63,580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279,570 | €279,570 | = | 0.0% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €644,663 | €878,674 | +€234,010 | +36.3% |
| Operating profit (loss) | 9901 | €364,008 | €597,985 | +€233,977 | +64.3% |
| Financial income | 75/76B | €438,284 | €496,757 | +€58,473 | +13.3% |
| Recurring financial income | 75 | €438,284 | €496,757 | +€58,473 | +13.3% |
| Financial charges | 65/66B | €1,397,917 | €918,463 | -€479,454 | -34.3% |
| Recurring financial charges | 65 | €1,397,917 | €918,463 | -€479,454 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | -€595,625 | €176,280 | +€771,904 | |
| Income taxes | 67/77 | €19,368 | €71,002 | +€51,634 | +267% |
| Profit (loss) for the period | 9904 | -€614,992 | €105,278 | +€720,270 | |
| Profit (loss) for the period to be appropriated | 9905 | -€614,992 | €105,278 | +€720,270 |
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 22 October 2026 via checked.be.