ARGINE: 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.
ARGINE
Largest movements
- Tangible fixed assets -€8,832
down €8,832 (-3.6%), from €247,852 to €239,020
of which Land and buildings: -€10,794
- Stocks and contracts -€6,899
down €6,899 (-32.5%), from €21,246 to €14,347
- Receivables within one year -€4,828
down €4,828 (-90.3%), from €5,344 to €516
of which Trade receivables: -€4,967
- Debts after one year -€16,456
down €16,456 (-12.7%), from €129,329 to €112,873
- Other debts +€7,483
up €7,483 (+629.3%), from €1,189 to €8,672
- Trade debts -€6,278
down €6,278 (-17.3%), from €36,217 to €29,939
- Tax, wage and social debts -€5,578
down €5,578 (-47.0%), from €11,878 to €6,300
of which Taxes: -€5,387
- Profit (loss) carried forward -€2,936
down €2,936, from €1,016 to -€1,921
- Gross operating margin +€24,250
up €24,250 (+355.8%), from €6,816 to €31,066
- Financial charges +€9,048
up €9,048 (+252.7%), from €3,581 to €12,629
- Other operating charges +€1,259
up €1,259 (+35.0%), from €3,602 to €4,862
- Staff costs -€1,053
down €1,053 (-23.7%), from €4,448 to €3,394
- Financial income +€550
up €550 (+2096.8%), from €26 to €576
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 | €283,953 | €262,161 | -€21,792 | -7.7% |
| Fixed assets | 21/28 | €252,032 | €243,200 | -€8,832 | -3.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €247,852 | €239,020 | -€8,832 | -3.6% |
| Land and buildings | 22 | €238,636 | €227,842 | -€10,794 | -4.5% |
| Plant, machinery and equipment | 23 | €4,761 | €7,317 | +€2,556 | +53.7% |
| Other tangible fixed assets | 26 | €4,455 | €3,861 | -€594 | -13.3% |
| Financial fixed assets | 28 | €4,180 | €4,180 | = | 0.0% |
| Current assets | 29/58 | €31,921 | €18,961 | -€12,960 | -40.6% |
| Stocks and contracts in progress | 3 | €21,246 | €14,347 | -€6,899 | -32.5% |
| Stocks | 30/36 | €21,246 | €14,347 | -€6,899 | -32.5% |
| Amounts receivable within one year | 40/41 | €5,344 | €516 | -€4,828 | -90.3% |
| Trade receivables | 40 | €5,267 | €300 | -€4,967 | -94.3% |
| Other amounts receivable | 41 | €77 | €216 | +€138 | +178.7% |
| Cash at bank and in hand | 54/58 | €4,136 | €4,053 | -€83 | -2.0% |
| Deferred charges and accrued income | 490/1 | €1,195 | €45 | -€1,150 | -96.2% |
| Total equity and liabilities | 10/49 | €283,953 | €262,161 | -€21,792 | -7.7% |
| Equity | 10/15 | €89,431 | €86,495 | -€2,936 | -3.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €69,823 | €69,823 | = | 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% |
| Tax-exempt reserves | 132 | €67,964 | €67,964 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,016 | -€1,921 | -€2,936 | |
| Amounts payable | 17/49 | €194,522 | €175,667 | -€18,855 | -9.7% |
| Amounts payable after more than one year | 17 | €129,329 | €112,873 | -€16,456 | -12.7% |
| Financial debts | 170/4 | €129,329 | €112,873 | -€16,456 | -12.7% |
| Amounts payable within one year | 42/48 | €65,193 | €62,794 | -€2,399 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €15,908 | €17,883 | +€1,975 | +12.4% |
| Trade debts | 44 | €36,217 | €29,939 | -€6,278 | -17.3% |
| Suppliers | 440/4 | €36,217 | €29,939 | -€6,278 | -17.3% |
| Taxes, remuneration and social security | 45 | €11,878 | €6,300 | -€5,578 | -47.0% |
| Taxes | 450/3 | €11,585 | €6,198 | -€5,387 | -46.5% |
| Remuneration and social security | 454/9 | €293 | €102 | -€191 | -65.1% |
| Other amounts payable | 47/48 | €1,189 | €8,672 | +€7,483 | +629.3% |
| Remuneration, social security and pensions | 62 | €4,448 | €3,394 | -€1,053 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,501 | €13,332 | -€169 | -1.3% |
| Other operating charges | 640/8 | €3,602 | €4,862 | +€1,259 | +35.0% |
| Gross operating margin | 9900 | €6,816 | €31,066 | +€24,250 | +355.8% |
| Operating profit (loss) | 9901 | -€14,735 | €9,478 | +€24,213 | |
| Financial income | 75/76B | €26 | €576 | +€550 | +2096.8% |
| Recurring financial income | 75 | €26 | €576 | +€550 | +2096.8% |
| Financial charges | 65/66B | €3,581 | €12,629 | +€9,048 | +252.7% |
| Recurring financial charges | 65 | €3,581 | €12,629 | +€9,048 | +252.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,290 | -€2,576 | +€15,714 | +85.9% |
| Income taxes | 67/77 | €355 | €361 | +€5 | +1.5% |
| Profit (loss) for the period | 9904 | -€18,645 | -€2,936 | +€15,709 | +84.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,645 | -€2,936 | +€15,709 | +84.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.