ARGO DECOR: 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 DECOR
Largest movements
- Receivables within one year -€57,577
down €57,577 (-11.7%), from €494,142 to €436,565
of which Trade receivables: -€71,120
- Cash +€31,886
up €31,886 (+64.6%), from €49,339 to €81,225
mainly Receivables within one year (+€57,577) and Short-term financial debts (+€50,000)
- Tangible fixed assets -€7,191
down €7,191 (-9.0%), from €79,873 to €72,682
of which Land and buildings: -€5,716
- Profit (loss) carried forward -€103,416
down €103,416, from €85,024 to -€18,391
- Short-term financial debts +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Trade debts +€42,586
up €42,586 (+32.8%), from €129,756 to €172,342
- Tax, wage and social debts -€11,625
down €11,625 (-73.9%), from €15,732 to €4,107
of which Remuneration and social security: -€9,571
- Debts after one year -€9,775
down €9,775 (-24.6%), from €39,673 to €29,898
- Gross operating margin -€120,354
down €120,354 (-65.1%), from €185,001 to €64,647
- Staff costs -€34,022
down €34,022 (-18.3%), from €185,477 to €151,455
- Write-downs -€10,000
new in 2024: -€10,000
- Other operating charges -€7,630
down €7,630 (-57.8%), from €13,207 to €5,577
- Financial income +€3,019
up €3,019 (+73818.8%), from €4 to €3,023
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €680,360 | €648,710 | -€31,650 | -4.7% |
| Fixed assets | 21/28 | €79,873 | €72,682 | -€7,191 | -9.0% |
| Tangible fixed assets | 22/27 | €79,873 | €72,682 | -€7,191 | -9.0% |
| Land and buildings | 22 | €76,300 | €70,584 | -€5,716 | -7.5% |
| Plant, machinery and equipment | 23 | €2,458 | €1,342 | -€1,116 | -45.4% |
| Furniture and vehicles | 24 | €1,115 | €755 | -€360 | -32.2% |
| Current assets | 29/58 | €600,487 | €576,028 | -€24,459 | -4.1% |
| Stocks and contracts in progress | 3 | €49,199 | €49,199 | = | 0.0% |
| Stocks | 30/36 | €49,199 | €49,199 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €494,142 | €436,565 | -€57,577 | -11.7% |
| Trade receivables | 40 | €383,005 | €311,885 | -€71,120 | -18.6% |
| Other amounts receivable | 41 | €111,138 | €124,681 | +€13,543 | +12.2% |
| Cash at bank and in hand | 54/58 | €49,339 | €81,225 | +€31,886 | +64.6% |
| Deferred charges and accrued income | 490/1 | €7,806 | €9,038 | +€1,232 | +15.8% |
| Total equity and liabilities | 10/49 | €680,360 | €648,710 | -€31,650 | -4.7% |
| Equity | 10/15 | €385,803 | €282,387 | -€103,416 | -26.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €294,579 | €294,579 | = | 0.0% |
| Distributable reserves | 133 | €294,579 | €294,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,024 | -€18,391 | -€103,416 | |
| Amounts payable | 17/49 | €294,557 | €366,322 | +€71,766 | +24.4% |
| Amounts payable after more than one year | 17 | €39,673 | €29,898 | -€9,775 | -24.6% |
| Financial debts | 170/4 | €39,673 | €29,898 | -€9,775 | -24.6% |
| Amounts payable within one year | 42/48 | €254,883 | €336,424 | +€81,541 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €9,395 | €9,775 | +€380 | +4.0% |
| Financial debts | 43 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Credit institutions | 430/8 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Trade debts | 44 | €129,756 | €172,342 | +€42,586 | +32.8% |
| Suppliers | 440/4 | €129,756 | €172,342 | +€42,586 | +32.8% |
| Taxes, remuneration and social security | 45 | €15,732 | €4,107 | -€11,625 | -73.9% |
| Taxes | 450/3 | €2,054 | - | -€2,054 | |
| Remuneration and social security | 454/9 | €13,678 | €4,107 | -€9,571 | -70.0% |
| Other amounts payable | 47/48 | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €185,477 | €151,455 | -€34,022 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,235 | €7,191 | -€1,044 | -12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€10,000 | -€10,000 | |
| Other operating charges | 640/8 | €13,207 | €5,577 | -€7,630 | -57.8% |
| Gross operating margin | 9900 | €185,001 | €64,647 | -€120,354 | -65.1% |
| Operating profit (loss) | 9901 | -€21,918 | -€89,576 | -€67,658 | -308.7% |
| Financial income | 75/76B | €4 | €3,023 | +€3,019 | +73818.8% |
| Recurring financial income | 75 | €4 | €3,023 | +€3,019 | +73818.8% |
| Financial charges | 65/66B | €16,633 | €16,740 | +€107 | +0.6% |
| Recurring financial charges | 65 | €16,633 | €16,740 | +€107 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€38,547 | -€103,292 | -€64,745 | -168.0% |
| Income taxes | 67/77 | €120 | €123 | +€4 | +3.0% |
| Profit (loss) for the period | 9904 | -€38,667 | -€103,416 | -€64,749 | -167.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,667 | -€103,416 | -€64,749 | -167.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.