ARGIMTEX: 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.
ARGIMTEX
Largest movements
- Tangible fixed assets +€356,240
up €356,240 (+18.7%), from €1.9m to €2.3m
of which Assets under construction and advance payments: +€271,950
- Debts after one year +€410,980
up €410,980 (+45.7%), from €899,723 to €1.3m
- Profit (loss) carried forward -€103,306
down €103,306 (-44.8%), from -€230,785 to -€334,091
- Trade debts +€48,397
up €48,397 (+1,538%), from €3,147 to €51,543
- Gross operating margin -€6,474
down €6,474 (-19.2%), from -€33,735 to -€40,209
- Depreciation +€3,169
up €3,169 (+6.6%), from €48,079 to €51,248
- Other operating charges +€477
up €477 (+4.3%), from €11,175 to €11,652
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 | €1,907,048 | €2,263,342 | +€356,294 | +18.7% |
| Fixed assets | 21/28 | €1,900,034 | €2,256,274 | +€356,240 | +18.7% |
| Tangible fixed assets | 22/27 | €1,900,034 | €2,256,274 | +€356,240 | +18.7% |
| Land and buildings | 22 | €1,705,555 | €1,803,635 | +€98,080 | +5.8% |
| Plant, machinery and equipment | 23 | €56,487 | €41,640 | -€14,847 | -26.3% |
| Furniture and vehicles | 24 | - | €1,056 | +€1,056 | |
| Assets under construction and advance payments | 27 | €137,992 | €409,942 | +€271,950 | +197% |
| Current assets | 29/58 | €7,014 | €7,068 | +€54 | +0.8% |
| Amounts receivable within one year | 40/41 | €300 | €384 | +€84 | +28.0% |
| Trade receivables | 40 | €300 | €384 | +€84 | +28.0% |
| Cash at bank and in hand | 54/58 | €2,371 | €988 | -€1,383 | -58.3% |
| Deferred charges and accrued income | 490/1 | €4,343 | €5,696 | +€1,353 | +31.2% |
| Total equity and liabilities | 10/49 | €1,907,048 | €2,263,342 | +€356,294 | +18.7% |
| Equity | 10/15 | €1,004,015 | €900,710 | -€103,306 | -10.3% |
| Contributions | 10/11 | €1,115,521 | €1,115,521 | = | 0.0% |
| Capital | 10 | €1,115,521 | €1,115,521 | = | 0.0% |
| Issued capital | 100 | €1,115,521 | €1,115,521 | = | 0.0% |
| Reserves | 13 | €119,280 | €119,280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,280 | €19,280 | = | 0.0% |
| Legal reserve | 130 | €19,280 | €19,280 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€230,785 | -€334,091 | -€103,306 | -44.8% |
| Amounts payable | 17/49 | €903,032 | €1,362,632 | +€459,600 | +50.9% |
| Amounts payable after more than one year | 17 | €899,723 | €1,310,703 | +€410,980 | +45.7% |
| Financial debts | 170/4 | €899,723 | €1,310,703 | +€410,980 | +45.7% |
| Amounts payable within one year | 42/48 | €3,310 | €51,771 | +€48,461 | +1,464% |
| Trade debts | 44 | €3,147 | €51,543 | +€48,397 | +1,538% |
| Suppliers | 440/4 | €3,147 | €51,543 | +€48,397 | +1,538% |
| Other amounts payable | 47/48 | €163 | €228 | +€64 | +39.5% |
| Accrued charges and deferred income | 492/3 | - | €159 | +€159 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,079 | €51,248 | +€3,169 | +6.6% |
| Other operating charges | 640/8 | €11,175 | €11,652 | +€477 | +4.3% |
| Gross operating margin | 9900 | -€33,735 | -€40,209 | -€6,474 | -19.2% |
| Operating profit (loss) | 9901 | -€92,988 | -€103,109 | -€10,120 | -10.9% |
| Financial charges | 65/66B | €177 | €197 | +€20 | +11.1% |
| Recurring financial charges | 65 | €177 | €197 | +€20 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€93,166 | -€103,306 | -€10,140 | -10.9% |
| Profit (loss) for the period | 9904 | -€93,166 | -€103,306 | -€10,140 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,166 | -€103,306 | -€10,140 | -10.9% |
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 14 October 2026 via checked.be.