ARGHENDAEL-BOS: 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.
ARGHENDAEL-BOS
Largest movements
- Tangible fixed assets -€189,504
down €189,504 (-25.2%), from €751,792 to €562,289
of which Other tangible fixed assets: -€142,500
- Receivables within one year -€7,818
down €7,818 (-78.2%), from €9,999 to €2,181
of which Other amounts receivable: -€8,716
- Other debts -€257,035
down €257,035 (-88.8%), from €289,459 to €32,424
- Reserves +€51,561
up €51,561 (+32.8%), from €157,084 to €208,645
- Gross operating margin +€89,393
up €89,393 (+525%), from €17,013 to €106,406
- Taxes +€3,840
up €3,840 (+2,574%), from €149 to €3,989
- Other operating charges -€3,388
down €3,388 (-47.0%), from €7,204 to €3,815
- Depreciation -€3,280
down €3,280 (-6.5%), from €50,283 to €47,004
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 | €774,310 | €575,740 | -€198,570 | -25.6% |
| Fixed assets | 21/28 | €751,792 | €562,289 | -€189,504 | -25.2% |
| Tangible fixed assets | 22/27 | €751,792 | €562,289 | -€189,504 | -25.2% |
| Land and buildings | 22 | €571,584 | €532,596 | -€38,988 | -6.8% |
| Plant, machinery and equipment | 23 | €20,852 | €13,909 | -€6,943 | -33.3% |
| Furniture and vehicles | 24 | €16,857 | €15,784 | -€1,073 | -6.4% |
| Other tangible fixed assets | 26 | €142,500 | €0 | -€142,500 | -100% |
| Current assets | 29/58 | €22,518 | €13,451 | -€9,067 | -40.3% |
| Amounts receivable within one year | 40/41 | €9,999 | €2,181 | -€7,818 | -78.2% |
| Trade receivables | 40 | €1,252 | €2,150 | +€898 | +71.7% |
| Other amounts receivable | 41 | €8,747 | €31 | -€8,716 | -99.6% |
| Cash at bank and in hand | 54/58 | €8,404 | €6,858 | -€1,547 | -18.4% |
| Deferred charges and accrued income | 490/1 | €4,114 | €4,412 | +€298 | +7.2% |
| Total equity and liabilities | 10/49 | €774,310 | €575,740 | -€198,570 | -25.6% |
| Equity | 10/15 | €477,584 | €529,145 | +€51,561 | +10.8% |
| Contributions | 10/11 | €320,500 | €320,500 | = | 0.0% |
| Reserves | 13 | €157,084 | €208,645 | +€51,561 | +32.8% |
| Distributable reserves | 133 | €157,084 | €208,645 | +€51,561 | +32.8% |
| Amounts payable | 17/49 | €296,725 | €46,594 | -€250,131 | -84.3% |
| Amounts payable within one year | 42/48 | €296,725 | €46,594 | -€250,131 | -84.3% |
| Trade debts | 44 | €1,314 | €8,596 | +€7,282 | +554% |
| Suppliers | 440/4 | €1,314 | €8,596 | +€7,282 | +554% |
| Taxes, remuneration and social security | 45 | €5,952 | €5,574 | -€378 | -6.4% |
| Taxes | 450/3 | €5,952 | €5,574 | -€378 | -6.4% |
| Other amounts payable | 47/48 | €289,459 | €32,424 | -€257,035 | -88.8% |
| Non-recurring operating income | 76A | €0 | €102,368 | +€102,368 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,283 | €47,004 | -€3,280 | -6.5% |
| Other operating charges | 640/8 | €7,204 | €3,815 | -€3,388 | -47.0% |
| Gross operating margin | 9900 | €17,013 | €106,406 | +€89,393 | +525% |
| Operating profit (loss) | 9901 | -€40,474 | €55,586 | +€96,061 | |
| Financial charges | 65/66B | €38 | €37 | -€1 | -1.9% |
| Recurring financial charges | 65 | €38 | €37 | -€1 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€40,512 | €55,550 | +€96,062 | |
| Income taxes | 67/77 | €149 | €3,989 | +€3,840 | +2,574% |
| Profit (loss) for the period | 9904 | -€40,661 | €51,561 | +€92,222 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,661 | €51,561 | +€92,222 |
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 30 October 2026 via checked.be.