ARGONO: 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.
ARGONO
Largest movements
- Cash +€4,160
up €4,160 (+252.2%), from €1,649 to €5,809
mainly Trade debts (+€2,856) and Stocks and contracts (+€713)
- Stocks and contracts -€713
down €713 (-15.9%), from €4,492 to €3,779
- Tangible fixed assets -€411
no longer reported in 2025 (was €411)
- Trade debts +€2,856
up €2,856 (+133.3%), from €2,142 to €4,998
- Profit (loss) carried forward +€525
up €525 (+2.2%), from -€23,494 to -€22,970
- Tax, wage and social debts -€388
down €388 (-46.9%), from €827 to €439
- Gross operating margin -€3,381
down €3,381 (-61.9%), from €5,463 to €2,082
- Other operating charges -€715
down €715 (-45.7%), from €1,564 to €850
- Financial charges -€646
down €646 (-68.5%), from €942 to €297
- Depreciation -€110
down €110 (-21.1%), from €521 to €411
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 | €12,646 | €15,684 | +€3,038 | +24.0% |
| Fixed assets | 21/28 | €811 | €400 | -€411 | -50.7% |
| Tangible fixed assets | 22/27 | €411 | - | -€411 | |
| Furniture and vehicles | 24 | €411 | - | -€411 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €11,835 | €15,284 | +€3,449 | +29.1% |
| Stocks and contracts in progress | 3 | €4,492 | €3,779 | -€713 | -15.9% |
| Stocks | 30/36 | €4,492 | €3,779 | -€713 | -15.9% |
| Amounts receivable within one year | 40/41 | €5,628 | €5,628 | = | 0.0% |
| Trade receivables | 40 | €5,628 | €5,628 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,649 | €5,809 | +€4,160 | +252.2% |
| Deferred charges and accrued income | 490/1 | €66 | €68 | +€2 | +3.2% |
| Total equity and liabilities | 10/49 | €12,646 | €15,684 | +€3,038 | +24.0% |
| Equity | 10/15 | -€17,294 | -€16,770 | +€525 | +3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,494 | -€22,970 | +€525 | +2.2% |
| Amounts payable | 17/49 | €29,940 | €32,454 | +€2,514 | +8.4% |
| Amounts payable within one year | 42/48 | €29,940 | €32,454 | +€2,514 | +8.4% |
| Trade debts | 44 | €2,142 | €4,998 | +€2,856 | +133.3% |
| Suppliers | 440/4 | €2,142 | €4,998 | +€2,856 | +133.3% |
| Taxes, remuneration and social security | 45 | €827 | €439 | -€388 | -46.9% |
| Taxes | 450/3 | €827 | €439 | -€388 | -46.9% |
| Other amounts payable | 47/48 | €26,971 | €27,017 | +€46 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €521 | €411 | -€110 | -21.1% |
| Other operating charges | 640/8 | €1,564 | €850 | -€715 | -45.7% |
| Gross operating margin | 9900 | €5,463 | €2,082 | -€3,381 | -61.9% |
| Operating profit (loss) | 9901 | €3,378 | €821 | -€2,557 | -75.7% |
| Financial charges | 65/66B | €942 | €297 | -€646 | -68.5% |
| Recurring financial charges | 65 | €942 | €297 | -€646 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | €2,436 | €525 | -€1,911 | -78.5% |
| Profit (loss) for the period | 9904 | €2,436 | €525 | -€1,911 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,436 | €525 | -€1,911 | -78.5% |
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 8 October 2026 via checked.be.