ARGO - CAR: 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.
ARGO - CAR
Largest movements
- Receivables within one year -€12,277
down €12,277 (-99.1%), from €12,383 to €106
of which Trade receivables: -€12,383
- Stocks and contracts -€11,434
down €11,434 (-100%), from €11,434 to €0
- Cash -€6,288
down €6,288 (-52.9%), from €11,894 to €5,606
mainly Other debts (-€37,302) and Trade debts (-€259)
- Other debts -€37,302
down €37,302 (-18.1%), from €206,379 to €169,077
- Profit (loss) carried forward +€5,593
up €5,593 (+2.7%), from -€208,330 to -€202,736
- Short-term financial debts +€1,919
up €1,919 (+13.6%), from €14,096 to €16,015
- Gross operating margin +€2,713
up €2,713 (+43.9%), from €6,184 to €8,897
- Financial charges +€1,152
up €1,152 (+90.8%), from €1,269 to €2,421
- Other operating charges +€203
up €203 (+29.9%), from €680 to €883
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 | €47,006 | €17,007 | -€29,999 | -63.8% |
| Fixed assets | 21/28 | €11,295 | €11,295 | = | 0.0% |
| Tangible fixed assets | 22/27 | €10,611 | €10,611 | = | 0.0% |
| Plant, machinery and equipment | 23 | €10,611 | €10,611 | = | 0.0% |
| Financial fixed assets | 28 | €684 | €684 | = | 0.0% |
| Current assets | 29/58 | €35,711 | €5,712 | -€29,999 | -84.0% |
| Stocks and contracts in progress | 3 | €11,434 | €0 | -€11,434 | -100% |
| Stocks | 30/36 | €11,434 | €0 | -€11,434 | -100% |
| Amounts receivable within one year | 40/41 | €12,383 | €106 | -€12,277 | -99.1% |
| Trade receivables | 40 | €12,383 | €0 | -€12,383 | -100% |
| Other amounts receivable | 41 | - | €106 | +€106 | |
| Cash at bank and in hand | 54/58 | €11,894 | €5,606 | -€6,288 | -52.9% |
| Total equity and liabilities | 10/49 | €47,006 | €17,007 | -€29,999 | -63.8% |
| Equity | 10/15 | -€179,527 | -€173,934 | +€5,593 | +3.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €10,211 | €10,211 | = | 0.0% |
| Distributable reserves | 133 | €10,211 | €10,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€208,330 | -€202,736 | +€5,593 | +2.7% |
| Amounts payable | 17/49 | €226,533 | €190,941 | -€35,592 | -15.7% |
| Amounts payable within one year | 42/48 | €226,533 | €190,941 | -€35,592 | -15.7% |
| Financial debts | 43 | €14,096 | €16,015 | +€1,919 | +13.6% |
| Credit institutions | 430/8 | €14,096 | €16,015 | +€1,919 | +13.6% |
| Trade debts | 44 | €5,414 | €5,155 | -€259 | -4.8% |
| Suppliers | 440/4 | €5,414 | €5,155 | -€259 | -4.8% |
| Taxes, remuneration and social security | 45 | €643 | €693 | +€50 | +7.8% |
| Taxes | 450/3 | €643 | €693 | +€50 | +7.8% |
| Other amounts payable | 47/48 | €206,379 | €169,077 | -€37,302 | -18.1% |
| Other operating charges | 640/8 | €680 | €883 | +€203 | +29.9% |
| Gross operating margin | 9900 | €6,184 | €8,897 | +€2,713 | +43.9% |
| Operating profit (loss) | 9901 | €5,504 | €8,015 | +€2,510 | +45.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,269 | €2,421 | +€1,152 | +90.8% |
| Recurring financial charges | 65 | €1,269 | €2,421 | +€1,152 | +90.8% |
| Profit (loss) for the period before taxes | 9903 | €4,235 | €5,593 | +€1,358 | +32.1% |
| Profit (loss) for the period | 9904 | €4,235 | €5,593 | +€1,358 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,235 | €5,593 | +€1,358 | +32.1% |
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 20 October 2026 via checked.be.