argenx Benelux: what changed
What changed
argenx Benelux
NACE 46.460, Wholesale of pharmaceutical and medical goods
filed annual accounts (NBB)
Net result for the year
€566,111
2024 · -€754,838+€1.3m
Equity
€33.3m
2024 · €32.7m+€566,111
Cash
€724
2024 · -+€724
Balance sheet total
€46.2m
2024 · €52.6m-€6.4m
Largest movements
Assets
- Receivables within one year -€6.2m
down €6.2m (-12.0%), from €51.2m to €45.0m
of which Other amounts receivable: -€12.9m
Equity and liabilities
- Other debts -€12.3m
down €12.3m (-91.4%), from €13.4m to €1.2m
- Trade debts +€6.8m
up €6.8m (+193%), from €3.5m to €10.4m
- Accrued charges and deferred income -€1.1m
down €1.1m (-65.3%), from €1.7m to €594,596
- Profit (loss) carried forward +€566,111
up €566,111, from €0 to €566,111
Income statement
- Turnover +€10.6m
up €10.6m (+194%), from €5.5m to €16.0m
- Goods and materials +€10.0m
up €10.0m (+429%), from €2.3m to €12.3m
- Financial charges +€1.2m
up €1.2m (+508,640%), from €231 to €1.2m
- Taxes -€929,647
down €929,647 (-99.8%), from €931,407 to €1,760
of which Taxes: -€929,647
- Services and other goods -€505,902
down €505,902 (-25.7%), from €2.0m to €1.5m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€754,838
Turnover
+€10.6m
Other operating income
+€4,807
Goods and materials
-€10.0m
Services and other goods
+€505,902
Staff costs
+€331,149
Other operating charges
+€3,073
Financial income
+€151,783
Financial charges
-€1.2m
Taxes
+€929,647
Result 2025
€566,111
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€724
Investment
€0
Financing
€0
Cash 2024
€0
From operations (derived)
+€724
Net result for the year
+€566,111
Receivables after one year
+€241,131
Receivables within one year
+€6.2m
Deferred charges and accrued income
-€4,132
Trade debts
+€6.8m
Tax, wage and social debts
-€395,134
Other debts
-€12.3m
Accrued charges and deferred income
-€1.1m
Cash 2025
€724
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,559,208 | €46,163,692 | -€6.4m | -12.2% |
| Current assets | 29/58 | €52,559,208 | €46,163,692 | -€6.4m | -12.2% |
| Amounts receivable after more than one year | 29 | €1,378,345 | €1,137,214 | -€241,131 | -17.5% |
| Other amounts receivable | 291 | €1,378,345 | €1,137,214 | -€241,131 | -17.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €51,175,792 | €45,016,550 | -€6.2m | -12.0% |
| Trade receivables | 40 | €6,589,760 | €13,380,518 | +€6.8m | +103% |
| Other amounts receivable | 41 | €44,586,031 | €31,636,032 | -€12.9m | -29.0% |
| Cash at bank and in hand | 54/58 | - | €724 | +€724 | |
| Deferred charges and accrued income | 490/1 | €5,071 | €9,204 | +€4,132 | +81.5% |
| Total equity and liabilities | 10/49 | €52,559,208 | €46,163,692 | -€6.4m | -12.2% |
| Equity | 10/15 | €32,721,665 | €33,287,776 | +€566,111 | +1.7% |
| Contributions | 10/11 | €32,721,665 | €32,721,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €566,111 | +€566,111 | |
| Amounts payable | 17/49 | €19,837,543 | €12,875,916 | -€7.0m | -35.1% |
| Amounts payable within one year | 42/48 | €18,124,946 | €12,281,320 | -€5.8m | -32.2% |
| Trade debts | 44 | €3,543,393 | €10,378,251 | +€6.8m | +193% |
| Suppliers | 440/4 | €3,543,393 | €10,378,251 | +€6.8m | +193% |
| Taxes, remuneration and social security | 45 | €1,140,335 | €745,201 | -€395,134 | -34.7% |
| Taxes | 450/3 | €299,955 | €15,018 | -€284,936 | -95.0% |
| Remuneration and social security | 454/9 | €840,380 | €730,183 | -€110,197 | -13.1% |
| Other amounts payable | 47/48 | €13,441,219 | €1,157,867 | -€12.3m | -91.4% |
| Accrued charges and deferred income | 492/3 | €1,712,597 | €594,596 | -€1.1m | -65.3% |
| Operating income | 70/76A | €5,460,112 | €16,025,983 | +€10.6m | +194% |
| Turnover | 70 | €5,453,312 | €16,014,377 | +€10.6m | +194% |
| Other operating income | 74 | €6,799 | €11,606 | +€4,807 | +70.7% |
| Operating charges | 60/66A | €5,888,057 | €15,038,483 | +€9.2m | +155% |
| Goods for resale, raw materials and consumables | 60 | €2,328,037 | €12,318,588 | +€10.0m | +429% |
| Purchases | 600/8 | €2,328,037 | €12,318,588 | +€10.0m | +429% |
| Services and other goods | 61 | €1,968,725 | €1,462,823 | -€505,902 | -25.7% |
| Remuneration, social security and pensions | 62 | €1,588,077 | €1,256,928 | -€331,149 | -20.9% |
| Other operating charges | 640/8 | €3,217 | €144 | -€3,073 | -95.5% |
| Operating profit (loss) | 9901 | -€427,945 | €987,499 | +€1.4m | |
| Financial income | 75/76B | €604,744 | €756,528 | +€151,783 | +25.1% |
| Recurring financial income | 75 | €604,744 | €756,528 | +€151,783 | +25.1% |
| Income from current assets | 751 | €603,027 | €86,389 | -€516,638 | -85.7% |
| Other financial income | 752/9 | €1,717 | €670,138 | +€668,421 | +38,925% |
| Financial charges | 65/66B | €231 | €1,176,157 | +€1.2m | +508,640% |
| Recurring financial charges | 65 | €231 | €1,176,157 | +€1.2m | +508,640% |
| Debt charges | 650 | €0 | - | = | |
| Other financial charges | 652/9 | €231 | €1,176,157 | +€1.2m | +508,640% |
| Profit (loss) for the period before taxes | 9903 | €176,568 | €567,871 | +€391,302 | +222% |
| Income taxes | 67/77 | €931,407 | €1,760 | -€929,647 | -99.8% |
| Taxes | 670/3 | €931,407 | €1,760 | -€929,647 | -99.8% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€754,838 | €566,111 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€754,838 | €566,111 | +€1.3m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.