ARGIMEL: 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.
ARGIMEL
Largest movements
- Cash -€20,038
down €20,038 (-37.3%), from €53,792 to €33,754
mainly Tax, wage and social debts (-€12,418) and Current investments (-€10,000)
- Current investments +€10,000
new in 2025: €10,000
- Receivables within one year -€9,996
down €9,996 (-89.4%), from €11,183 to €1,186
of which Trade receivables: -€10,725
- Tax, wage and social debts -€12,418
down €12,418 (-100%), from €12,418 to €0
- Profit (loss) carried forward -€7,534
down €7,534 (-15.2%), from €49,575 to €42,041
- Gross operating margin -€69,249
down €69,249, from €62,062 to -€7,187
- Taxes -€12,418
down €12,418 (-100%), from €12,418 to €0
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 | €65,094 | €45,080 | -€20,014 | -30.7% |
| Current assets | 29/58 | €65,094 | €45,080 | -€20,014 | -30.7% |
| Amounts receivable within one year | 40/41 | €11,183 | €1,186 | -€9,996 | -89.4% |
| Trade receivables | 40 | €10,725 | €0 | -€10,725 | -100% |
| Other amounts receivable | 41 | €458 | €1,186 | +€729 | +159% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €53,792 | €33,754 | -€20,038 | -37.3% |
| Deferred charges and accrued income | 490/1 | €120 | €140 | +€21 | +17.1% |
| Total equity and liabilities | 10/49 | €65,094 | €45,080 | -€20,014 | -30.7% |
| Equity | 10/15 | €52,575 | €45,041 | -€7,534 | -14.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,575 | €42,041 | -€7,534 | -15.2% |
| Amounts payable | 17/49 | €12,519 | €39 | -€12,479 | -99.7% |
| Amounts payable within one year | 42/48 | €12,519 | €39 | -€12,479 | -99.7% |
| Trade debts | 44 | €70 | €39 | -€31 | -44.2% |
| Suppliers | 440/4 | €70 | €39 | -€31 | -44.2% |
| Taxes, remuneration and social security | 45 | €12,418 | €0 | -€12,418 | -100% |
| Taxes | 450/3 | €12,418 | €0 | -€12,418 | -100% |
| Other amounts payable | 47/48 | €30 | €0 | -€30 | -100% |
| Other operating charges | 640/8 | €41 | €146 | +€105 | +257% |
| Gross operating margin | 9900 | €62,062 | -€7,187 | -€69,249 | |
| Operating profit (loss) | 9901 | €62,021 | -€7,333 | -€69,354 | |
| Financial income | 75/76B | €8 | €24 | +€16 | +186% |
| Recurring financial income | 75 | €8 | €24 | +€16 | +186% |
| Financial charges | 65/66B | €36 | €225 | +€189 | +530% |
| Recurring financial charges | 65 | €36 | €225 | +€189 | +530% |
| Profit (loss) for the period before taxes | 9903 | €61,993 | -€7,534 | -€69,527 | |
| Income taxes | 67/77 | €12,418 | €0 | -€12,418 | -100% |
| Profit (loss) for the period | 9904 | €49,575 | -€7,534 | -€57,109 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,575 | -€7,534 | -€57,109 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.