ARGOLS: 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.
ARGOLS
Largest movements
- Cash +€56,197
up €56,197 (+32.0%), from €175,549 to €231,746
mainly Depreciation (+€70,655) and Net result for the year (+€21,965)
- Tangible fixed assets -€36,984
down €36,984 (-5.3%), from €695,847 to €658,863
of which Land and buildings: -€43,922
- Intangible fixed assets -€25,500
down €25,500 (-50.0%), from €51,000 to €25,500
- Debts after one year -€22,603
down €22,603 (-13.2%), from €171,031 to €148,428
- Reserves +€21,965
up €21,965 (+17.6%), from €124,975 to €146,940
- Gross operating margin -€4,743
down €4,743 (-4.3%), from €110,271 to €105,528
- Financial income +€1,270
up €1,270 (+64.9%), from €1,958 to €3,228
- Taxes -€1,129
down €1,129 (-12.1%), from €9,366 to €8,237
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 | €1,255,985 | €1,248,434 | -€7,551 | -0.6% |
| Fixed assets | 21/28 | €1,035,187 | €972,703 | -€62,484 | -6.0% |
| Intangible fixed assets | 21 | €51,000 | €25,500 | -€25,500 | -50.0% |
| Tangible fixed assets | 22/27 | €695,847 | €658,863 | -€36,984 | -5.3% |
| Land and buildings | 22 | €692,351 | €648,429 | -€43,922 | -6.3% |
| Plant, machinery and equipment | 23 | €2,331 | €9,949 | +€7,618 | +326.8% |
| Furniture and vehicles | 24 | €1,165 | €485 | -€680 | -58.4% |
| Financial fixed assets | 28 | €288,340 | €288,340 | = | 0.0% |
| Current assets | 29/58 | €220,798 | €275,731 | +€54,933 | +24.9% |
| Amounts receivable within one year | 40/41 | €42,695 | €39,292 | -€3,403 | -8.0% |
| Trade receivables | 40 | €39,748 | €33,520 | -€6,228 | -15.7% |
| Other amounts receivable | 41 | €2,947 | €5,772 | +€2,825 | +95.9% |
| Current investments | 50/53 | €804 | €3,144 | +€2,340 | +291.0% |
| Cash at bank and in hand | 54/58 | €175,549 | €231,746 | +€56,197 | +32.0% |
| Deferred charges and accrued income | 490/1 | €1,750 | €1,549 | -€201 | -11.5% |
| Total equity and liabilities | 10/49 | €1,255,985 | €1,248,434 | -€7,551 | -0.6% |
| Equity | 10/15 | €897,039 | €919,004 | +€21,965 | +2.4% |
| Contributions | 10/11 | €28,000 | €28,000 | = | 0.0% |
| Reserves | 13 | €124,975 | €146,940 | +€21,965 | +17.6% |
| Distributable reserves | 133 | €124,975 | €146,940 | +€21,965 | +17.6% |
| Profit (loss) carried forward | 14 | €744,064 | €744,064 | = | 0.0% |
| Amounts payable | 17/49 | €358,946 | €329,430 | -€29,516 | -8.2% |
| Amounts payable after more than one year | 17 | €171,031 | €148,428 | -€22,603 | -13.2% |
| Financial debts | 170/4 | €171,031 | €148,428 | -€22,603 | -13.2% |
| Amounts payable within one year | 42/48 | €187,915 | €181,002 | -€6,913 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €22,382 | €22,603 | +€221 | +1.0% |
| Trade debts | 44 | €1,682 | €1,073 | -€609 | -36.2% |
| Suppliers | 440/4 | €1,682 | €1,073 | -€609 | -36.2% |
| Taxes, remuneration and social security | 45 | €5,693 | €6,127 | +€434 | +7.6% |
| Taxes | 450/3 | €5,693 | €6,127 | +€434 | +7.6% |
| Other amounts payable | 47/48 | €158,158 | €151,199 | -€6,959 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,398 | €70,655 | +€257 | +0.4% |
| Other operating charges | 640/8 | €5,056 | €5,475 | +€419 | +8.3% |
| Gross operating margin | 9900 | €110,271 | €105,528 | -€4,743 | -4.3% |
| Operating profit (loss) | 9901 | €34,817 | €29,398 | -€5,419 | -15.6% |
| Financial income | 75/76B | €1,958 | €3,228 | +€1,270 | +64.9% |
| Recurring financial income | 75 | €1,958 | €3,228 | +€1,270 | +64.9% |
| Financial charges | 65/66B | €2,434 | €2,424 | -€10 | -0.4% |
| Recurring financial charges | 65 | €2,434 | €2,424 | -€10 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €34,341 | €30,202 | -€4,139 | -12.1% |
| Income taxes | 67/77 | €9,366 | €8,237 | -€1,129 | -12.1% |
| Profit (loss) for the period | 9904 | €24,975 | €21,965 | -€3,010 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,975 | €21,965 | -€3,010 | -12.1% |
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 4 October 2026 via checked.be.