ARGIN: what changed
Two fiscal 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.
ARGIN
Largest movements
- Tangible fixed assets -€1,807
down €1,807 (-49.7%), from €3,635 to €1,828
of which Furniture and vehicles: -€1,250
- Stocks and contracts -€1,522
down €1,522 (-9.7%), from €15,621 to €14,098
- Cash -€726
down €726 (-7.5%), from €9,720 to €8,994
mainly Net result for the year (-€14,331) and Trade debts (-€12,937)
- Other debts +€23,344
up €23,344 (+63.4%), from €36,793 to €60,136
- Profit (loss) carried forward -€14,331
down €14,331 (-12.6%), from -€113,641 to -€127,972
- Trade debts -€12,937
down €12,937 (-12.9%), from €100,631 to €87,694
- Gross operating margin +€12,894
up €12,894 (+69.6%), from -€18,522 to -€5,628
- Other operating charges +€5,681
up €5,681 (+1158.0%), from €491 to €6,172
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 | €37,096 | €33,172 | -€3,925 | -10.6% |
| Fixed assets | 21/28 | €4,133 | €2,325 | -€1,807 | -43.7% |
| Tangible fixed assets | 22/27 | €3,635 | €1,828 | -€1,807 | -49.7% |
| Plant, machinery and equipment | 23 | €1,243 | €685 | -€557 | -44.9% |
| Furniture and vehicles | 24 | €2,392 | €1,142 | -€1,250 | -52.2% |
| Financial fixed assets | 28 | €497 | €497 | = | 0.0% |
| Current assets | 29/58 | €32,964 | €30,847 | -€2,117 | -6.4% |
| Stocks and contracts in progress | 3 | €15,621 | €14,098 | -€1,522 | -9.7% |
| Stocks | 30/36 | €15,621 | €14,098 | -€1,522 | -9.7% |
| Amounts receivable within one year | 40/41 | €7,623 | €7,469 | -€154 | -2.0% |
| Other amounts receivable | 41 | €7,623 | €7,469 | -€154 | -2.0% |
| Cash at bank and in hand | 54/58 | €9,720 | €8,994 | -€726 | -7.5% |
| Deferred charges and accrued income | 490/1 | - | €284 | +€284 | |
| Total equity and liabilities | 10/49 | €37,096 | €33,172 | -€3,925 | -10.6% |
| Equity | 10/15 | -€105,584 | -€119,915 | -€14,331 | -13.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,641 | -€127,972 | -€14,331 | -12.6% |
| Amounts payable | 17/49 | €142,680 | €153,087 | +€10,407 | +7.3% |
| Amounts payable within one year | 42/48 | €142,680 | €153,087 | +€10,407 | +7.3% |
| Trade debts | 44 | €100,631 | €87,694 | -€12,937 | -12.9% |
| Suppliers | 440/4 | €100,631 | €87,694 | -€12,937 | -12.9% |
| Taxes, remuneration and social security | 45 | €5,257 | €5,257 | = | 0.0% |
| Taxes | 450/3 | €5,257 | €5,257 | = | 0.0% |
| Other amounts payable | 47/48 | €36,793 | €60,136 | +€23,344 | +63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,807 | €1,807 | = | 0.0% |
| Other operating charges | 640/8 | €491 | €6,172 | +€5,681 | +1158.0% |
| Gross operating margin | 9900 | -€18,522 | -€5,628 | +€12,894 | +69.6% |
| Operating profit (loss) | 9901 | -€20,820 | -€13,607 | +€7,213 | +34.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €734 | €724 | -€9 | -1.3% |
| Recurring financial charges | 65 | €734 | €724 | -€9 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,554 | -€14,331 | +€7,222 | +33.5% |
| Profit (loss) for the period | 9904 | -€21,554 | -€14,331 | +€7,222 | +33.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,554 | -€14,331 | +€7,222 | +33.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.