ARGONNE: 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.
ARGONNE
Largest movements
- Receivables within one year -€36,303
down €36,303 (-82.7%), from €43,883 to €7,580
of which Trade receivables: -€36,204
- Cash +€3,009
up €3,009 (+119%), from €2,538 to €5,547
mainly Receivables within one year (+€36,303) and Net result for the year (+€17,369)
- Stocks and contracts -€2,700
down €2,700 (-74.8%), from €3,610 to €910
- Deferred charges and accrued income +€1,092
new in 2024: €1,092
- Tangible fixed assets -€1,001
down €1,001 (-22.6%), from €4,423 to €3,421
- Trade debts -€50,935
no longer reported in 2024 (was €50,935)
- Profit (loss) carried forward +€17,369
up €17,369, from -€14,143 to €3,226
- Other debts -€15,309
no longer reported in 2024 (was €15,309)
- Tax, wage and social debts +€12,972
up €12,972 (+1,422%), from €912 to €13,884
- Turnover +€16,265
up €16,265 (+18.1%), from €89,631 to €105,895
- Gross operating margin +€12,521
up €12,521 (+142%), from €8,824 to €21,345
- Purchases and services +€3,837
up €3,837 (+4.7%), from €80,806 to €84,644
- Financial charges +€1,344
up €1,344 (+781%), from €172 to €1,516
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.
Derived cash bridge
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 | €54,514 | €18,611 | -€35,903 | -65.9% |
| Fixed assets | 21/28 | €4,483 | €3,481 | -€1,001 | -22.3% |
| Tangible fixed assets | 22/27 | €4,423 | €3,421 | -€1,001 | -22.6% |
| Plant, machinery and equipment | 23 | €4,423 | €3,421 | -€1,001 | -22.6% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €50,031 | €15,129 | -€34,902 | -69.8% |
| Stocks and contracts in progress | 3 | €3,610 | €910 | -€2,700 | -74.8% |
| Stocks | 30/36 | €3,610 | €910 | -€2,700 | -74.8% |
| Amounts receivable within one year | 40/41 | €43,883 | €7,580 | -€36,303 | -82.7% |
| Trade receivables | 40 | €43,783 | €7,580 | -€36,204 | -82.7% |
| Other amounts receivable | 41 | €100 | - | -€100 | |
| Cash at bank and in hand | 54/58 | €2,538 | €5,547 | +€3,009 | +119% |
| Deferred charges and accrued income | 490/1 | - | €1,092 | +€1,092 | |
| Total equity and liabilities | 10/49 | €54,514 | €18,611 | -€35,903 | -65.9% |
| Equity | 10/15 | -€12,643 | €4,726 | +€17,369 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,143 | €3,226 | +€17,369 | |
| Amounts payable | 17/49 | €67,157 | €13,884 | -€53,272 | -79.3% |
| Amounts payable within one year | 42/48 | €67,157 | €13,884 | -€53,272 | -79.3% |
| Trade debts | 44 | €50,935 | - | -€50,935 | |
| Suppliers | 440/4 | €50,935 | - | -€50,935 | |
| Taxes, remuneration and social security | 45 | €912 | €13,884 | +€12,972 | +1,422% |
| Taxes | 450/3 | €912 | €13,884 | +€12,972 | +1,422% |
| Other amounts payable | 47/48 | €15,309 | - | -€15,309 | |
| Turnover | 70 | €89,631 | €105,895 | +€16,265 | +18.1% |
| Non-recurring operating income | 76A | - | €94 | +€94 | |
| Goods, raw materials, services and sundry goods | 60/61 | €80,806 | €84,644 | +€3,837 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €584 | €1,001 | +€417 | +71.4% |
| Other operating charges | 640/8 | €1,362 | €583 | -€778 | -57.2% |
| Gross operating margin | 9900 | €8,824 | €21,345 | +€12,521 | +142% |
| Operating profit (loss) | 9901 | €6,878 | €19,760 | +€12,882 | +187% |
| Financial charges | 65/66B | €172 | €1,516 | +€1,344 | +781% |
| Recurring financial charges | 65 | €172 | €1,516 | +€1,344 | +781% |
| Profit (loss) for the period before taxes | 9903 | €6,707 | €18,244 | +€11,538 | +172% |
| Income taxes | 67/77 | - | €876 | +€876 | |
| Profit (loss) for the period | 9904 | €6,707 | €17,369 | +€10,662 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €6,707 | €17,369 | +€10,662 | +159% |
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 13 October 2026 via checked.be.