ARGILLA: 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.
ARGILLA
Largest movements
- Cash -€1.1m
down €1.1m (-99.8%), from €1.1m to €1,933
mainly Advances received (-€1.9m) and Trade debts (-€615,240)
- Receivables within one year -€835,174
down €835,174 (-45.2%), from €1.8m to €1.0m
of which Trade receivables: -€684,103
- Deferred charges and accrued income -€607,282
down €607,282 (-95.7%), from €634,814 to €27,532
- Stocks and contracts -€147,500
down €147,500 (-73.8%), from €200,000 to €52,500
- Advances received -€1.9m
no longer reported in 2025 (was €1.9m)
- Trade debts -€615,240
down €615,240 (-36.6%), from €1.7m to €1.1m
- Tax, wage and social debts -€142,891
no longer reported in 2025 (was €142,891)
- Gross operating margin -€313,201
down €313,201, from €262,280 to -€50,921
- Write-downs -€258,264
no longer reported in 2025 (was €258,264)
- Financial income +€25,741
up €25,741 (+1,437%), from €1,791 to €27,532
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 | €3,792,073 | €1,094,254 | -€2.7m | -71.1% |
| Current assets | 29/58 | €3,792,073 | €1,094,254 | -€2.7m | -71.1% |
| Stocks and contracts in progress | 3 | €200,000 | €52,500 | -€147,500 | -73.8% |
| Stocks | 30/36 | €200,000 | €52,500 | -€147,500 | -73.8% |
| Amounts receivable within one year | 40/41 | €1,847,463 | €1,012,289 | -€835,174 | -45.2% |
| Trade receivables | 40 | €942,367 | €258,264 | -€684,103 | -72.6% |
| Other amounts receivable | 41 | €905,095 | €754,024 | -€151,071 | -16.7% |
| Cash at bank and in hand | 54/58 | €1,109,797 | €1,933 | -€1.1m | -99.8% |
| Deferred charges and accrued income | 490/1 | €634,814 | €27,532 | -€607,282 | -95.7% |
| Total equity and liabilities | 10/49 | €3,792,073 | €1,094,254 | -€2.7m | -71.1% |
| Equity | 10/15 | €55,285 | €30,372 | -€24,913 | -45.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,715 | -€69,628 | -€24,913 | -55.7% |
| Amounts payable | 17/49 | €3,736,788 | €1,063,882 | -€2.7m | -71.5% |
| Amounts payable within one year | 42/48 | €3,699,868 | €1,063,882 | -€2.6m | -71.2% |
| Trade debts | 44 | €1,679,122 | €1,063,882 | -€615,240 | -36.6% |
| Suppliers | 440/4 | €1,679,122 | €1,063,882 | -€615,240 | -36.6% |
| Advances received on contracts in progress | 46 | €1,877,855 | - | -€1.9m | |
| Taxes, remuneration and social security | 45 | €142,891 | - | -€142,891 | |
| Taxes | 450/3 | €142,891 | - | -€142,891 | |
| Accrued charges and deferred income | 492/3 | €36,920 | - | -€36,920 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €258,264 | - | -€258,264 | |
| Other operating charges | 640/8 | €968 | €1,217 | +€250 | +25.8% |
| Non-recurring operating charges | 66A | €1,360 | - | -€1,360 | |
| Gross operating margin | 9900 | €262,280 | -€50,921 | -€313,201 | |
| Operating profit (loss) | 9901 | €1,688 | -€52,138 | -€53,826 | |
| Financial income | 75/76B | €1,791 | €27,532 | +€25,741 | +1,437% |
| Recurring financial income | 75 | €1,791 | €27,532 | +€25,741 | +1,437% |
| Financial charges | 65/66B | €2,802 | €307 | -€2,495 | -89.0% |
| Recurring financial charges | 65 | €2,802 | €307 | -€2,495 | -89.0% |
| Profit (loss) for the period before taxes | 9903 | €677 | -€24,913 | -€25,590 | |
| Profit (loss) for the period | 9904 | €677 | -€24,913 | -€25,590 | |
| Profit (loss) for the period to be appropriated | 9905 | €677 | -€24,913 | -€25,590 |
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 16 October 2026 via checked.be.