ARGHOS: 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.
ARGHOS
Largest movements
- Current investments +€400,000
new in 2025: €400,000
- Receivables within one year +€391,967
up €391,967 (+511.0%), from €76,704 to €468,671
of which Trade receivables: +€392,524
- Cash +€367,041
up €367,041 (+11440.0%), from €3,208 to €370,249
mainly Net result for the year (+€1.0m) and Tax, wage and social debts (+€103,274)
- Financial fixed assets -€21,000
down €21,000 (-70.0%), from €30,000 to €9,000
- Reserves +€1.0m
up €1.0m (+1835.3%), from €55,332 to €1.1m
- Tax, wage and social debts +€103,274
up €103,274 (+424.3%), from €24,342 to €127,616
- Other debts +€18,207
up €18,207 (+356.7%), from €5,104 to €23,310
- Financial income +€1.2m
new in 2025: €1.2m
- Taxes +€97,236
up €97,236 (+1343.3%), from €7,239 to €104,474
- Gross operating margin -€52,539
down €52,539, from €19,855 to -€32,685
- Depreciation +€4,653
new in 2025: €4,653
- Other operating charges -€714
down €714 (-52.2%), from €1,368 to €654
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 | €109,913 | €1,252,573 | +€1.1m | +1039.6% |
| Fixed assets | 21/28 | €30,000 | €13,653 | -€16,347 | -54.5% |
| Tangible fixed assets | 22/27 | - | €4,653 | +€4,653 | |
| Furniture and vehicles | 24 | - | €4,653 | +€4,653 | |
| Financial fixed assets | 28 | €30,000 | €9,000 | -€21,000 | -70.0% |
| Current assets | 29/58 | €79,913 | €1,238,920 | +€1.2m | +1450.3% |
| Amounts receivable within one year | 40/41 | €76,704 | €468,671 | +€391,967 | +511.0% |
| Trade receivables | 40 | €11,050 | €403,574 | +€392,524 | +3552.3% |
| Other amounts receivable | 41 | €65,654 | €65,097 | -€558 | -0.8% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €3,208 | €370,249 | +€367,041 | +11440.0% |
| Total equity and liabilities | 10/49 | €109,913 | €1,252,573 | +€1.1m | +1039.6% |
| Equity | 10/15 | €75,332 | €1,090,851 | +€1.0m | +1348.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €55,332 | €1,070,851 | +€1.0m | +1835.3% |
| Distributable reserves | 133 | €55,332 | €1,070,851 | +€1.0m | +1835.3% |
| Amounts payable | 17/49 | €34,581 | €161,722 | +€127,141 | +367.7% |
| Amounts payable within one year | 42/48 | €34,581 | €161,722 | +€127,141 | +367.7% |
| Trade debts | 44 | €5,135 | €10,796 | +€5,660 | +110.2% |
| Suppliers | 440/4 | €5,135 | €10,796 | +€5,660 | +110.2% |
| Taxes, remuneration and social security | 45 | €24,342 | €127,616 | +€103,274 | +424.3% |
| Taxes | 450/3 | €24,342 | €127,616 | +€103,274 | +424.3% |
| Other amounts payable | 47/48 | €5,104 | €23,310 | +€18,207 | +356.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,653 | +€4,653 | |
| Other operating charges | 640/8 | €1,368 | €654 | -€714 | -52.2% |
| Gross operating margin | 9900 | €19,855 | -€32,685 | -€52,539 | |
| Operating profit (loss) | 9901 | €18,487 | -€37,992 | -€56,478 | |
| Financial income | 75/76B | - | €1,184,274 | +€1.2m | |
| Recurring financial income | 75 | - | €1,184,274 | +€1.2m | |
| Financial charges | 65/66B | €1,885 | €1,390 | -€494 | -26.2% |
| Recurring financial charges | 65 | €1,885 | €1,390 | -€494 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €16,602 | €1,144,893 | +€1.1m | +6796.1% |
| Income taxes | 67/77 | €7,239 | €104,474 | +€97,236 | +1343.3% |
| Profit (loss) for the period | 9904 | €9,363 | €1,040,418 | +€1.0m | +11011.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,363 | €1,040,418 | +€1.0m | +11011.4% |
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 9 October 2026 via checked.be.