ARGO Development: 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 Development
Largest movements
- Cash +€10,204
up €10,204 (+50.5%), from €20,191 to €30,395
mainly Net result for the year (+€13,734) and Trade debts (+€1,009)
- Receivables after one year +€5,400
up €5,400 (+98.2%), from €5,500 to €10,900
- Tangible fixed assets -€770
down €770 (-27.3%), from €2,820 to €2,050
- Profit (loss) carried forward +€13,733
up €13,733 (+48.9%), from €28,065 to €41,798
- Trade debts +€1,009
up €1,009 (+272.0%), from €371 to €1,380
- Other operating charges +€3,966
up €3,966 (+733.2%), from €541 to €4,507
- Gross operating margin +€3,357
up €3,357 (+15.9%), from €21,132 to €24,489
- Taxes -€484
down €484 (-9.7%), from €4,973 to €4,489
- Financial charges +€450
up €450 (+52.0%), from €866 to €1,316
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 | €40,244 | €55,461 | +€15,217 | +37.8% |
| Fixed assets | 21/28 | €4,470 | €3,700 | -€770 | -17.2% |
| Tangible fixed assets | 22/27 | €2,820 | €2,050 | -€770 | -27.3% |
| Furniture and vehicles | 24 | €2,820 | €2,050 | -€770 | -27.3% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €35,774 | €51,760 | +€15,986 | +44.7% |
| Amounts receivable after more than one year | 29 | €5,500 | €10,900 | +€5,400 | +98.2% |
| Other amounts receivable | 291 | €5,500 | €10,900 | +€5,400 | +98.2% |
| Amounts receivable within one year | 40/41 | €10,083 | €10,465 | +€382 | +3.8% |
| Trade receivables | 40 | €10,083 | €10,465 | +€382 | +3.8% |
| Cash at bank and in hand | 54/58 | €20,191 | €30,395 | +€10,204 | +50.5% |
| Total equity and liabilities | 10/49 | €40,244 | €55,461 | +€15,217 | +37.8% |
| Equity | 10/15 | €30,065 | €43,798 | +€13,733 | +45.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,065 | €41,798 | +€13,733 | +48.9% |
| Amounts payable | 17/49 | €10,179 | €11,662 | +€1,483 | +14.6% |
| Amounts payable within one year | 42/48 | €10,179 | €11,662 | +€1,483 | +14.6% |
| Trade debts | 44 | €371 | €1,380 | +€1,009 | +272.0% |
| Suppliers | 440/4 | €371 | €1,380 | +€1,009 | +272.0% |
| Taxes, remuneration and social security | 45 | €9,086 | €9,207 | +€121 | +1.3% |
| Taxes | 450/3 | €9,086 | €9,207 | +€121 | +1.3% |
| Other amounts payable | 47/48 | €722 | €1,076 | +€354 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550 | €769 | +€219 | +39.9% |
| Other operating charges | 640/8 | €541 | €4,507 | +€3,966 | +733.2% |
| Gross operating margin | 9900 | €21,132 | €24,489 | +€3,357 | +15.9% |
| Operating profit (loss) | 9901 | €20,041 | €19,212 | -€829 | -4.1% |
| Financial income | 75/76B | €135 | €327 | +€192 | +142.2% |
| Recurring financial income | 75 | €135 | €327 | +€192 | +142.2% |
| Financial charges | 65/66B | €866 | €1,316 | +€450 | +52.0% |
| Recurring financial charges | 65 | €866 | €1,316 | +€450 | +52.0% |
| Profit (loss) for the period before taxes | 9903 | €19,310 | €18,223 | -€1,087 | -5.6% |
| Income taxes | 67/77 | €4,973 | €4,489 | -€484 | -9.7% |
| Profit (loss) for the period | 9904 | €14,337 | €13,734 | -€603 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,337 | €13,734 | -€603 | -4.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.