ARGIOTECH: 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.
ARGIOTECH
Largest movements
- Receivables within one year +€201,557
up €201,557 (+90.4%), from €222,987 to €424,544
of which Other amounts receivable: +€189,865
- Receivables after one year -€90,000
no longer reported in 2025 (was €90,000)
- Deferred charges and accrued income -€4,674
down €4,674 (-66.7%), from €7,011 to €2,337
- Other debts +€59,219
new in 2025: €59,219
- Trade debts +€40,451
up €40,451 (+803.8%), from €5,032 to €45,484
- Tax, wage and social debts +€15,015
up €15,015 (+18.6%), from €80,685 to €95,700
- Short-term financial debts -€13,393
down €13,393 (-47.5%), from €28,219 to €14,826
- Debts after one year +€7,282
new in 2025: €7,282
- Gross operating margin +€13,697
up €13,697 (+17.7%), from €77,363 to €91,060
- Financial charges -€12,964
down €12,964 (-71.3%), from €18,194 to €5,230
- Taxes +€12,890
up €12,890 (+53.0%), from €24,327 to €37,217
- Other operating charges +€6,735
up €6,735 (+298.8%), from €2,254 to €8,990
- Financial income +€6,546
up €6,546 (+53.4%), from €12,253 to €18,799
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 | €328,408 | €435,911 | +€107,503 | +32.7% |
| Fixed assets | 21/28 | €8,350 | €9,027 | +€676 | +8.1% |
| Tangible fixed assets | 22/27 | €2,800 | €3,477 | +€676 | +24.2% |
| Furniture and vehicles | 24 | €2,800 | €3,477 | +€676 | +24.2% |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €320,058 | €426,885 | +€106,827 | +33.4% |
| Amounts receivable after more than one year | 29 | €90,000 | - | -€90,000 | |
| Other amounts receivable | 291 | €90,000 | - | -€90,000 | |
| Amounts receivable within one year | 40/41 | €222,987 | €424,544 | +€201,557 | +90.4% |
| Trade receivables | 40 | €14,146 | €25,837 | +€11,691 | +82.6% |
| Other amounts receivable | 41 | €208,841 | €398,707 | +€189,865 | +90.9% |
| Cash at bank and in hand | 54/58 | €60 | €4 | -€56 | -93.3% |
| Deferred charges and accrued income | 490/1 | €7,011 | €2,337 | -€4,674 | -66.7% |
| Total equity and liabilities | 10/49 | €328,408 | €435,911 | +€107,503 | +32.7% |
| Equity | 10/15 | €214,471 | €213,401 | -€1,070 | -0.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €141,419 | €140,349 | -€1,070 | -0.8% |
| Non-distributable reserves | 130/1 | €1,466 | €1,466 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,466 | €1,466 | = | 0.0% |
| Distributable reserves | 133 | €139,953 | €138,883 | -€1,070 | -0.8% |
| Profit (loss) carried forward | 14 | €54,502 | €54,502 | = | 0.0% |
| Amounts payable | 17/49 | €113,937 | €222,510 | +€108,573 | +95.3% |
| Amounts payable after more than one year | 17 | - | €7,282 | +€7,282 | |
| Other amounts payable | 178/9 | - | €7,282 | +€7,282 | |
| Amounts payable within one year | 42/48 | €113,937 | €215,229 | +€101,292 | +88.9% |
| Financial debts | 43 | €28,219 | €14,826 | -€13,393 | -47.5% |
| Credit institutions | 430/8 | €28,219 | €14,826 | -€13,393 | -47.5% |
| Trade debts | 44 | €5,032 | €45,484 | +€40,451 | +803.8% |
| Suppliers | 440/4 | €5,032 | €45,484 | +€40,451 | +803.8% |
| Taxes, remuneration and social security | 45 | €80,685 | €95,700 | +€15,015 | +18.6% |
| Taxes | 450/3 | €80,685 | €95,700 | +€15,015 | +18.6% |
| Other amounts payable | 47/48 | - | €59,219 | +€59,219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537 | €273 | -€264 | -49.1% |
| Other operating charges | 640/8 | €2,254 | €8,990 | +€6,735 | +298.8% |
| Gross operating margin | 9900 | €77,363 | €91,060 | +€13,697 | +17.7% |
| Operating profit (loss) | 9901 | €74,572 | €81,797 | +€7,225 | +9.7% |
| Financial income | 75/76B | €12,253 | €18,799 | +€6,546 | +53.4% |
| Recurring financial income | 75 | €12,253 | €18,799 | +€6,546 | +53.4% |
| Financial charges | 65/66B | €18,194 | €5,230 | -€12,964 | -71.3% |
| Recurring financial charges | 65 | €18,194 | €5,230 | -€12,964 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | €68,630 | €95,366 | +€26,736 | +39.0% |
| Income taxes | 67/77 | €24,327 | €37,217 | +€12,890 | +53.0% |
| Profit (loss) for the period | 9904 | €44,303 | €58,149 | +€13,846 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,303 | €58,149 | +€13,846 | +31.3% |
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 12 October 2026 via checked.be.