ARGIL: 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.
ARGIL
Largest movements
- Tangible fixed assets -€36,205
down €36,205 (-22.3%), from €162,485 to €126,280
- Receivables within one year +€8,787
up €8,787 (+69.3%), from €12,673 to €21,461
of which Trade receivables: +€9,075
- Cash -€4,222
down €4,222 (-35.5%), from €11,880 to €7,658
mainly Other debts (-€48,455) and Debts after one year (-€23,967)
- Deferred charges and accrued income -€2,821
down €2,821 (-46.9%), from €6,020 to €3,198
- Other debts -€48,455
down €48,455 (-42.9%), from €112,831 to €64,376
- Profit (loss) carried forward +€34,538
up €34,538 (+44.1%), from -€78,392 to -€43,854
- Debts after one year -€23,967
down €23,967 (-30.2%), from €79,423 to €55,456
- Tax, wage and social debts +€5,741
up €5,741 (+157.1%), from €3,655 to €9,396
- Trade debts -€4,235
no longer reported in 2026 (was €4,235)
- Gross operating margin +€45,781
up €45,781 (+127.5%), from €35,901 to €81,681
- Financial charges -€1,281
down €1,281 (-22.1%), from €5,792 to €4,511
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,058 | €158,597 | -€34,461 | -17.8% |
| Fixed assets | 21/28 | €162,485 | €126,280 | -€36,205 | -22.3% |
| Tangible fixed assets | 22/27 | €162,485 | €126,280 | -€36,205 | -22.3% |
| Plant, machinery and equipment | 23 | €1,452 | €968 | -€484 | -33.3% |
| Furniture and vehicles | 24 | €108,685 | €90,888 | -€17,797 | -16.4% |
| Leasing and similar rights | 25 | €52,348 | €34,424 | -€17,924 | -34.2% |
| Current assets | 29/58 | €30,573 | €32,317 | +€1,744 | +5.7% |
| Amounts receivable within one year | 40/41 | €12,673 | €21,461 | +€8,787 | +69.3% |
| Trade receivables | 40 | - | €9,075 | +€9,075 | |
| Other amounts receivable | 41 | €12,673 | €12,386 | -€288 | -2.3% |
| Cash at bank and in hand | 54/58 | €11,880 | €7,658 | -€4,222 | -35.5% |
| Deferred charges and accrued income | 490/1 | €6,020 | €3,198 | -€2,821 | -46.9% |
| Total equity and liabilities | 10/49 | €193,058 | €158,597 | -€34,461 | -17.8% |
| Equity | 10/15 | -€30,056 | €4,482 | +€34,538 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €47,836 | €47,836 | = | 0.0% |
| Distributable reserves | 133 | €47,836 | €47,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,392 | -€43,854 | +€34,538 | +44.1% |
| Amounts payable | 17/49 | €223,114 | €154,116 | -€68,999 | -30.9% |
| Amounts payable after more than one year | 17 | €79,423 | €55,456 | -€23,967 | -30.2% |
| Financial debts | 170/4 | €79,423 | €55,456 | -€23,967 | -30.2% |
| Amounts payable within one year | 42/48 | €143,691 | €98,660 | -€45,031 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €22,970 | €23,967 | +€997 | +4.3% |
| Financial debts | 43 | - | €920 | +€920 | |
| Credit institutions | 430/8 | - | €920 | +€920 | |
| Trade debts | 44 | €4,235 | - | -€4,235 | |
| Suppliers | 440/4 | €4,235 | - | -€4,235 | |
| Taxes, remuneration and social security | 45 | €3,655 | €9,396 | +€5,741 | +157.1% |
| Taxes | 450/3 | €3,655 | €9,396 | +€5,741 | +157.1% |
| Other amounts payable | 47/48 | €112,831 | €64,376 | -€48,455 | -42.9% |
| Non-recurring operating income | 76A | - | €40,724 | +€40,724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,716 | €37,413 | -€303 | -0.8% |
| Other operating charges | 640/8 | €4,648 | €4,915 | +€267 | +5.7% |
| Gross operating margin | 9900 | €35,901 | €81,681 | +€45,781 | +127.5% |
| Operating profit (loss) | 9901 | -€6,464 | €39,354 | +€45,817 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,792 | €4,511 | -€1,281 | -22.1% |
| Recurring financial charges | 65 | €5,792 | €4,511 | -€1,281 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,255 | €34,844 | +€47,099 | |
| Income taxes | 67/77 | €327 | €306 | -€21 | -6.3% |
| Profit (loss) for the period | 9904 | -€12,582 | €34,538 | +€47,120 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,582 | €34,538 | +€47,120 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.