ARGENTI: 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.
ARGENTI
Largest movements
- Tangible fixed assets -€49,159
down €49,159 (-38.6%), from €127,449 to €78,290
of which Furniture and vehicles: -€39,369
- Cash -€33,432
down €33,432 (-27.4%), from €122,067 to €88,635
mainly Contributions, distributions and other (-€90,000) and Other debts (-€36,708)
- Intangible fixed assets -€11,000
down €11,000 (-18.2%), from €60,590 to €49,590
- Receivables within one year +€4,700
up €4,700 (+16.1%), from €29,200 to €33,900
- Other debts -€36,708
down €36,708 (-28.7%), from €128,042 to €91,333
- Profit (loss) carried forward -€35,620
down €35,620 (-41.8%), from €85,293 to €49,673
- Debts after one year -€23,624
down €23,624 (-59.2%), from €39,889 to €16,265
- Trade debts +€4,106
up €4,106 (+154%), from €2,661 to €6,767
- Staff costs +€34,832
up €34,832 (+491%), from €7,096 to €41,928
- Gross operating margin +€32,509
up €32,509 (+17.1%), from €189,731 to €222,240
- Depreciation +€20,630
up €20,630 (+52.2%), from €39,529 to €60,159
- Other operating charges -€11,163
down €11,163 (-22.6%), from €49,323 to €38,160
- Taxes -€4,198
down €4,198 (-14.2%), from €29,470 to €25,272
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 | €349,312 | €261,384 | -€87,929 | -25.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €196,420 | €136,260 | -€60,159 | -30.6% |
| Intangible fixed assets | 21 | €60,590 | €49,590 | -€11,000 | -18.2% |
| Tangible fixed assets | 22/27 | €127,449 | €78,290 | -€49,159 | -38.6% |
| Plant, machinery and equipment | 23 | €17,553 | €9,084 | -€8,470 | -48.3% |
| Furniture and vehicles | 24 | €98,062 | €58,693 | -€39,369 | -40.1% |
| Other tangible fixed assets | 26 | €11,834 | €10,514 | -€1,320 | -11.2% |
| Financial fixed assets | 28 | €8,380 | €8,380 | = | 0.0% |
| Current assets | 29/58 | €152,893 | €125,123 | -€27,770 | -18.2% |
| Amounts receivable within one year | 40/41 | €29,200 | €33,900 | +€4,700 | +16.1% |
| Trade receivables | 40 | €29,200 | €33,900 | +€4,700 | +16.1% |
| Cash at bank and in hand | 54/58 | €122,067 | €88,635 | -€33,432 | -27.4% |
| Deferred charges and accrued income | 490/1 | €1,625 | €2,588 | +€963 | +59.2% |
| Total equity and liabilities | 10/49 | €349,312 | €261,384 | -€87,929 | -25.2% |
| Equity | 10/15 | €103,893 | €68,273 | -€35,620 | -34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,293 | €49,673 | -€35,620 | -41.8% |
| Amounts payable | 17/49 | €245,419 | €193,111 | -€52,308 | -21.3% |
| Amounts payable after more than one year | 17 | €39,889 | €16,265 | -€23,624 | -59.2% |
| Financial debts | 170/4 | €39,889 | €16,265 | -€23,624 | -59.2% |
| Amounts payable within one year | 42/48 | €205,530 | €176,846 | -€28,684 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €22,728 | €23,624 | +€896 | +3.9% |
| Trade debts | 44 | €2,661 | €6,767 | +€4,106 | +154% |
| Suppliers | 440/4 | €2,661 | €6,767 | +€4,106 | +154% |
| Taxes, remuneration and social security | 45 | €52,099 | €55,121 | +€3,022 | +5.8% |
| Taxes | 450/3 | €48,430 | €50,746 | +€2,317 | +4.8% |
| Remuneration and social security | 454/9 | €3,670 | €4,375 | +€705 | +19.2% |
| Other amounts payable | 47/48 | €128,042 | €91,333 | -€36,708 | -28.7% |
| Remuneration, social security and pensions | 62 | €7,096 | €41,928 | +€34,832 | +491% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,529 | €60,159 | +€20,630 | +52.2% |
| Other operating charges | 640/8 | €49,323 | €38,160 | -€11,163 | -22.6% |
| Gross operating margin | 9900 | €189,731 | €222,240 | +€32,509 | +17.1% |
| Operating profit (loss) | 9901 | €93,783 | €81,992 | -€11,790 | -12.6% |
| Financial income | 75/76B | €0 | €25 | +€25 | +7,051% |
| Recurring financial income | 75 | €0 | €25 | +€25 | +7,051% |
| Financial charges | 65/66B | €1,501 | €2,366 | +€865 | +57.6% |
| Recurring financial charges | 65 | €1,501 | €2,366 | +€865 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | €92,282 | €79,652 | -€12,631 | -13.7% |
| Income taxes | 67/77 | €29,470 | €25,272 | -€4,198 | -14.2% |
| Profit (loss) for the period | 9904 | €62,812 | €54,380 | -€8,433 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,812 | €54,380 | -€8,433 | -13.4% |
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.