Argenturi: 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.
Argenturi
Largest movements
- Tangible fixed assets -€11,423
down €11,423 (-2.7%), from €416,940 to €405,517
of which Land and buildings: -€7,808
- Cash -€9,569
down €9,569 (-27.6%), from €34,619 to €25,050
mainly Debts after one year (-€15,018) and Investment in fixed assets (net) (-€9,500)
- Debts after one year -€15,018
down €15,018 (-13.0%), from €115,208 to €100,190
- Profit (loss) carried forward -€5,552
down €5,552 (-25.6%), from -€21,647 to -€27,199
- Gross operating margin -€38,720
down €38,720 (-53.2%), from €72,733 to €34,013
- Taxes -€9,008
down €9,008 (-97.2%), from €9,272 to €264
- Financial charges -€6,611
down €6,611 (-28.2%), from €23,441 to €16,830
- Depreciation +€1,575
up €1,575 (+8.1%), from €19,349 to €20,923
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 | €533,039 | €513,687 | -€19,352 | -3.6% |
| Fixed assets | 21/28 | €487,690 | €476,267 | -€11,423 | -2.3% |
| Tangible fixed assets | 22/27 | €416,940 | €405,517 | -€11,423 | -2.7% |
| Land and buildings | 22 | €406,479 | €398,671 | -€7,808 | -1.9% |
| Plant, machinery and equipment | 23 | €10,461 | €6,846 | -€3,615 | -34.6% |
| Financial fixed assets | 28 | €70,750 | €70,750 | = | 0.0% |
| Current assets | 29/58 | €45,349 | €37,421 | -€7,928 | -17.5% |
| Amounts receivable within one year | 40/41 | €10,730 | €12,371 | +€1,641 | +15.3% |
| Other amounts receivable | 41 | €10,730 | €12,371 | +€1,641 | +15.3% |
| Cash at bank and in hand | 54/58 | €34,619 | €25,050 | -€9,569 | -27.6% |
| Total equity and liabilities | 10/49 | €533,039 | €513,687 | -€19,352 | -3.6% |
| Equity | 10/15 | €102,127 | €96,575 | -€5,552 | -5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €117,574 | €117,574 | = | 0.0% |
| Distributable reserves | 133 | €117,574 | €117,574 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,647 | -€27,199 | -€5,552 | -25.6% |
| Amounts payable | 17/49 | €430,912 | €417,112 | -€13,799 | -3.2% |
| Amounts payable after more than one year | 17 | €115,208 | €100,190 | -€15,018 | -13.0% |
| Financial debts | 170/4 | €115,208 | €100,190 | -€15,018 | -13.0% |
| Amounts payable within one year | 42/48 | €315,704 | €316,923 | +€1,218 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €199,552 | €200,518 | +€966 | +0.5% |
| Financial debts | 43 | €3,333 | €3,333 | = | 0.0% |
| Credit institutions | 430/8 | €3,333 | €3,333 | = | 0.0% |
| Trade debts | 44 | €1,429 | €1,575 | +€146 | +10.2% |
| Suppliers | 440/4 | €1,429 | €1,575 | +€146 | +10.2% |
| Taxes, remuneration and social security | 45 | €2,230 | €1,907 | -€324 | -14.5% |
| Taxes | 450/3 | €2,230 | €1,907 | -€324 | -14.5% |
| Other amounts payable | 47/48 | €109,160 | €109,590 | +€429 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,349 | €20,923 | +€1,575 | +8.1% |
| Other operating charges | 640/8 | €1,606 | €1,548 | -€59 | -3.7% |
| Gross operating margin | 9900 | €72,733 | €34,013 | -€38,720 | -53.2% |
| Operating profit (loss) | 9901 | €51,778 | €11,542 | -€40,236 | -77.7% |
| Financial charges | 65/66B | €23,441 | €16,830 | -€6,611 | -28.2% |
| Recurring financial charges | 65 | €23,441 | €16,830 | -€6,611 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €28,337 | -€5,288 | -€33,625 | |
| Income taxes | 67/77 | €9,272 | €264 | -€9,008 | -97.2% |
| Profit (loss) for the period | 9904 | €19,065 | -€5,552 | -€24,617 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,065 | -€5,552 | -€24,617 |
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 12 October 2026 via checked.be.