ARGO IT SERVICES: 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 IT SERVICES
Largest movements
- Tangible fixed assets +€9,176
up €9,176 (+314.3%), from €2,920 to €12,096
of which Furniture and vehicles: +€5,035
- Cash -€8,866
down €8,866 (-9.3%), from €95,749 to €86,884
mainly Contributions, distributions and other (-€89,755) and Investment in fixed assets (net) (-€11,729)
- Receivables within one year -€1,478
down €1,478 (-9.5%), from €15,593 to €14,115
of which Other amounts receivable: -€1,099
- Profit (loss) carried forward -€38,769
down €38,769 (-36.3%), from €106,793 to €68,024
- Other debts +€35,815
new in 2025: €35,815
- Tax, wage and social debts +€3,541
up €3,541 (+58.4%), from €6,061 to €9,603
- Trade debts -€2,231
down €2,231 (-66.8%), from €3,341 to €1,110
- Gross operating margin +€3,322
up €3,322 (+5.1%), from €65,289 to €68,610
- Depreciation +€857
up €857 (+71.7%), from €1,196 to €2,053
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 | €117,197 | €115,553 | -€1,644 | -1.4% |
| Fixed assets | 21/28 | €2,920 | €12,596 | +€9,676 | +331.4% |
| Tangible fixed assets | 22/27 | €2,920 | €12,096 | +€9,176 | +314.3% |
| Land and buildings | 22 | - | €2,371 | +€2,371 | |
| Plant, machinery and equipment | 23 | €2,920 | €4,689 | +€1,770 | +60.6% |
| Furniture and vehicles | 24 | - | €5,035 | +€5,035 | |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €114,277 | €102,957 | -€11,320 | -9.9% |
| Amounts receivable within one year | 40/41 | €15,593 | €14,115 | -€1,478 | -9.5% |
| Trade receivables | 40 | €14,494 | €14,115 | -€379 | -2.6% |
| Other amounts receivable | 41 | €1,099 | - | -€1,099 | |
| Cash at bank and in hand | 54/58 | €95,749 | €86,884 | -€8,866 | -9.3% |
| Deferred charges and accrued income | 490/1 | €2,935 | €1,958 | -€977 | -33.3% |
| Total equity and liabilities | 10/49 | €117,197 | €115,553 | -€1,644 | -1.4% |
| Equity | 10/15 | €106,794 | €68,025 | -€38,769 | -36.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,793 | €68,024 | -€38,769 | -36.3% |
| Amounts payable | 17/49 | €10,402 | €47,527 | +€37,125 | +356.9% |
| Amounts payable within one year | 42/48 | €9,402 | €46,527 | +€37,125 | +394.8% |
| Trade debts | 44 | €3,341 | €1,110 | -€2,231 | -66.8% |
| Suppliers | 440/4 | €3,341 | €1,110 | -€2,231 | -66.8% |
| Taxes, remuneration and social security | 45 | €6,061 | €9,603 | +€3,541 | +58.4% |
| Taxes | 450/3 | €6,061 | €9,603 | +€3,541 | +58.4% |
| Other amounts payable | 47/48 | - | €35,815 | +€35,815 | |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,196 | €2,053 | +€857 | +71.7% |
| Other operating charges | 640/8 | €658 | €730 | +€72 | +10.9% |
| Gross operating margin | 9900 | €65,289 | €68,610 | +€3,322 | +5.1% |
| Operating profit (loss) | 9901 | €63,435 | €65,828 | +€2,393 | +3.8% |
| Financial charges | 65/66B | €537 | €301 | -€236 | -44.0% |
| Recurring financial charges | 65 | €537 | €301 | -€236 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €62,898 | €65,527 | +€2,629 | +4.2% |
| Income taxes | 67/77 | €14,063 | €14,541 | +€478 | +3.4% |
| Profit (loss) for the period | 9904 | €48,835 | €50,986 | +€2,151 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,835 | €50,986 | +€2,151 | +4.4% |
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 5 October 2026 via checked.be.