ARGONIA: 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.
ARGONIA
Largest movements
- Receivables within one year -€43,222
down €43,222 (-34.5%), from €125,281 to €82,058
of which Trade receivables: -€51,833
- Cash +€25,320
up €25,320 (+114.3%), from €22,158 to €47,478
mainly Receivables within one year (+€43,222) and Depreciation (+€4,886)
- Stocks and contracts +€6,850
up €6,850 (+3.8%), from €182,585 to €189,434
- Tangible fixed assets -€4,886
down €4,886 (-4.9%), from €100,577 to €95,691
of which Land and buildings: -€3,342
- Other debts -€12,087
down €12,087 (-50.9%), from €23,747 to €11,660
- Staff costs +€16,697
up €16,697 (+13.5%), from €123,444 to €140,141
- Gross operating margin +€4,007
up €4,007 (+2.7%), from €148,415 to €152,422
- Depreciation -€3,658
down €3,658 (-42.8%), from €8,544 to €4,886
- Other operating charges -€2,066
down €2,066 (-56.4%), from €3,664 to €1,597
- Taxes -€1,931
down €1,931 (-54.8%), from €3,523 to €1,591
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 | €430,601 | €414,662 | -€15,939 | -3.7% |
| Fixed assets | 21/28 | €100,577 | €95,691 | -€4,886 | -4.9% |
| Tangible fixed assets | 22/27 | €100,577 | €95,691 | -€4,886 | -4.9% |
| Land and buildings | 22 | €96,436 | €93,094 | -€3,342 | -3.5% |
| Plant, machinery and equipment | 23 | €3,750 | €2,492 | -€1,258 | -33.5% |
| Furniture and vehicles | 24 | €391 | €105 | -€286 | -73.1% |
| Current assets | 29/58 | €330,023 | €318,970 | -€11,053 | -3.3% |
| Stocks and contracts in progress | 3 | €182,585 | €189,434 | +€6,850 | +3.8% |
| Stocks | 30/36 | €182,585 | €189,434 | +€6,850 | +3.8% |
| Amounts receivable within one year | 40/41 | €125,281 | €82,058 | -€43,222 | -34.5% |
| Trade receivables | 40 | €124,404 | €72,570 | -€51,833 | -41.7% |
| Other amounts receivable | 41 | €877 | €9,488 | +€8,611 | +981.6% |
| Cash at bank and in hand | 54/58 | €22,158 | €47,478 | +€25,320 | +114.3% |
| Total equity and liabilities | 10/49 | €430,601 | €414,662 | -€15,939 | -3.7% |
| Equity | 10/15 | €237,710 | €241,358 | +€3,649 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,250 | €220,899 | +€3,649 | +1.7% |
| Amounts payable | 17/49 | €192,891 | €173,303 | -€19,588 | -10.2% |
| Amounts payable within one year | 42/48 | €192,891 | €173,303 | -€19,588 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €2,771 | - | -€2,771 | |
| Trade debts | 44 | €19,257 | €18,816 | -€441 | -2.3% |
| Suppliers | 440/4 | €19,257 | €18,816 | -€441 | -2.3% |
| Advances received on contracts in progress | 46 | €112,734 | €112,734 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €34,382 | €30,093 | -€4,289 | -12.5% |
| Taxes | 450/3 | €9,974 | €4,311 | -€5,663 | -56.8% |
| Remuneration and social security | 454/9 | €24,408 | €25,782 | +€1,374 | +5.6% |
| Other amounts payable | 47/48 | €23,747 | €11,660 | -€12,087 | -50.9% |
| Remuneration, social security and pensions | 62 | €123,444 | €140,141 | +€16,697 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,544 | €4,886 | -€3,658 | -42.8% |
| Other operating charges | 640/8 | €3,664 | €1,597 | -€2,066 | -56.4% |
| Gross operating margin | 9900 | €148,415 | €152,422 | +€4,007 | +2.7% |
| Operating profit (loss) | 9901 | €12,763 | €5,798 | -€6,965 | -54.6% |
| Financial income | 75/76B | €127 | €0 | -€127 | -99.8% |
| Recurring financial income | 75 | €127 | €0 | -€127 | -99.8% |
| Financial charges | 65/66B | €614 | €558 | -€55 | -9.0% |
| Recurring financial charges | 65 | €614 | €558 | -€55 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €12,277 | €5,240 | -€7,037 | -57.3% |
| Income taxes | 67/77 | €3,523 | €1,591 | -€1,931 | -54.8% |
| Profit (loss) for the period | 9904 | €8,754 | €3,649 | -€5,105 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,754 | €3,649 | -€5,105 | -58.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.