ARGO CONSTRUCTION: 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.
ARGO CONSTRUCTION
Largest movements
- Cash -€8,087
down €8,087 (-97.1%), from €8,329 to €242
mainly Trade debts (-€5,193) and Net result for the year (-€4,291)
- Tangible fixed assets +€2,368
up €2,368 (+158.3%), from €1,496 to €3,864
- Receivables within one year -€2,290
down €2,290 (-35.9%), from €6,386 to €4,096
of which Trade receivables: -€5,600
- Trade debts -€5,193
down €5,193 (-38.5%), from €13,476 to €8,283
- Profit (loss) carried forward -€4,291
down €4,291 (-113.0%), from -€3,797 to -€8,088
- Other debts +€2,847
up €2,847 (+1980.5%), from €144 to €2,991
- Accrued charges and deferred income -€1,387
no longer reported in 2025 (was €1,387)
- Depreciation +€1,292
up €1,292 (+2233.8%), from €58 to €1,350
- Gross operating margin +€499
up €499 (+15.0%), from -€3,325 to -€2,825
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Financial charges +€89
up €89 (+331.9%), from €27 to €116
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 | €16,211 | €8,202 | -€8,009 | -49.4% |
| Fixed assets | 21/28 | €1,496 | €3,864 | +€2,368 | +158.3% |
| Tangible fixed assets | 22/27 | €1,496 | €3,864 | +€2,368 | +158.3% |
| Furniture and vehicles | 24 | €1,496 | €3,864 | +€2,368 | +158.3% |
| Current assets | 29/58 | €14,715 | €4,338 | -€10,377 | -70.5% |
| Amounts receivable within one year | 40/41 | €6,386 | €4,096 | -€2,290 | -35.9% |
| Trade receivables | 40 | €5,600 | - | -€5,600 | |
| Other amounts receivable | 41 | €786 | €4,096 | +€3,310 | +421.3% |
| Cash at bank and in hand | 54/58 | €8,329 | €242 | -€8,087 | -97.1% |
| Total equity and liabilities | 10/49 | €16,211 | €8,202 | -€8,009 | -49.4% |
| Equity | 10/15 | €1,203 | -€3,088 | -€4,291 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,797 | -€8,088 | -€4,291 | -113.0% |
| Amounts payable | 17/49 | €15,007 | €11,290 | -€3,718 | -24.8% |
| Amounts payable within one year | 42/48 | €13,620 | €11,290 | -€2,330 | -17.1% |
| Financial debts | 43 | - | €16 | +€16 | |
| Credit institutions | 430/8 | - | €16 | +€16 | |
| Trade debts | 44 | €13,476 | €8,283 | -€5,193 | -38.5% |
| Suppliers | 440/4 | €13,476 | €8,283 | -€5,193 | -38.5% |
| Other amounts payable | 47/48 | €144 | €2,991 | +€2,847 | +1980.5% |
| Accrued charges and deferred income | 492/3 | €1,387 | - | -€1,387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58 | €1,350 | +€1,292 | +2233.8% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€3,325 | -€2,825 | +€499 | +15.0% |
| Operating profit (loss) | 9901 | -€3,770 | -€4,175 | -€405 | -10.8% |
| Financial charges | 65/66B | €27 | €116 | +€89 | +331.9% |
| Recurring financial charges | 65 | €27 | €116 | +€89 | +331.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,797 | -€4,291 | -€494 | -13.0% |
| Profit (loss) for the period | 9904 | -€3,797 | -€4,291 | -€494 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,797 | -€4,291 | -€494 | -13.0% |
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 2 October 2026 via checked.be.