ARGO Construct: what changed
ARGO Construct
Largest movements
- Receivables within one year -€67,521
down €67,521 (-55.8%), from €120,967 to €53,447
of which Trade receivables: -€74,027
- Tangible fixed assets +€20,527
up €20,527 (+61.2%), from €33,542 to €54,069
of which Furniture and vehicles: +€14,704
- Deferred charges and accrued income +€2,616
new in 2024: €2,616
- Trade debts -€70,174
down €70,174 (-78.4%), from €89,505 to €19,331
- Other debts +€33,517
up €33,517 (+54.4%), from €61,641 to €95,157
- Profit (loss) carried forward -€10,396
down €10,396 (-58.1%), from -€17,881 to -€28,277
- Current portion of long-term debt +€6,316
up €6,316 (+105%), from €5,990 to €12,306
- Tax, wage and social debts -€3,569
no longer reported in 2024 (was €3,569)
- Gross operating margin +€15,831
up €15,831, from -€13,773 to €2,058
- Other operating charges +€9,639
up €9,639 (+1,815%), from €531 to €10,170
- Financial income +€3,363
up €3,363 (+178,877%), from €2 to €3,365
- Depreciation +€1,236
up €1,236 (+41.9%), from €2,948 to €4,184
- Financial charges +€834
up €834 (+132%), from €631 to €1,465
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,043 | €113,109 | -€42,935 | -27.5% |
| Fixed assets | 21/28 | €33,542 | €54,069 | +€20,527 | +61.2% |
| Tangible fixed assets | 22/27 | €33,542 | €54,069 | +€20,527 | +61.2% |
| Plant, machinery and equipment | 23 | - | €5,822 | +€5,822 | |
| Furniture and vehicles | 24 | €33,542 | €48,246 | +€14,704 | +43.8% |
| Current assets | 29/58 | €122,501 | €59,040 | -€63,461 | -51.8% |
| Amounts receivable within one year | 40/41 | €120,967 | €53,447 | -€67,521 | -55.8% |
| Trade receivables | 40 | €84,967 | €10,940 | -€74,027 | -87.1% |
| Other amounts receivable | 41 | €36,000 | €42,507 | +€6,507 | +18.1% |
| Cash at bank and in hand | 54/58 | €1,534 | €2,977 | +€1,443 | +94.1% |
| Deferred charges and accrued income | 490/1 | - | €2,616 | +€2,616 | |
| Total equity and liabilities | 10/49 | €156,043 | €113,109 | -€42,935 | -27.5% |
| Equity | 10/15 | -€12,881 | -€23,277 | -€10,396 | -80.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,881 | -€28,277 | -€10,396 | -58.1% |
| Amounts payable | 17/49 | €168,924 | €136,385 | -€32,539 | -19.3% |
| Amounts payable after more than one year | 17 | €8,220 | €9,591 | +€1,371 | +16.7% |
| Financial debts | 170/4 | €8,220 | €9,591 | +€1,371 | +16.7% |
| Amounts payable within one year | 42/48 | €160,704 | €126,794 | -€33,910 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €5,990 | €12,306 | +€6,316 | +105% |
| Trade debts | 44 | €89,505 | €19,331 | -€70,174 | -78.4% |
| Suppliers | 440/4 | €89,505 | €19,331 | -€70,174 | -78.4% |
| Taxes, remuneration and social security | 45 | €3,569 | - | -€3,569 | |
| Taxes | 450/3 | €3,569 | - | -€3,569 | |
| Other amounts payable | 47/48 | €61,641 | €95,157 | +€33,517 | +54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,948 | €4,184 | +€1,236 | +41.9% |
| Other operating charges | 640/8 | €531 | €10,170 | +€9,639 | +1,815% |
| Gross operating margin | 9900 | -€13,773 | €2,058 | +€15,831 | |
| Operating profit (loss) | 9901 | -€17,251 | -€12,295 | +€4,957 | +28.7% |
| Financial income | 75/76B | €2 | €3,365 | +€3,363 | +178,877% |
| Recurring financial income | 75 | €2 | €3,365 | +€3,363 | +178,877% |
| Financial charges | 65/66B | €631 | €1,465 | +€834 | +132% |
| Recurring financial charges | 65 | €631 | €1,465 | +€834 | +132% |
| Profit (loss) for the period before taxes | 9903 | -€17,881 | -€10,396 | +€7,485 | +41.9% |
| Profit (loss) for the period | 9904 | -€17,881 | -€10,396 | +€7,485 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,881 | -€10,396 | +€7,485 | +41.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.