ARGOS: 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.
ARGOS
Largest movements
- Cash +€5,092
up €5,092 (+201%), from €2,536 to €7,628
mainly Net result for the year (+€4,637) and Other debts (+€1,500)
- Deferred charges and accrued income +€1,148
up €1,148, from €0 to €1,148
- Receivables within one year -€793
down €793 (-36.9%), from €2,151 to €1,357
of which Other amounts receivable: -€807
- Reserves +€4,637
up €4,637 (+35.3%), from €13,132 to €17,769
- Other debts +€1,500
up €1,500 (+17.8%), from €8,418 to €9,918
- Accrued charges and deferred income -€1,281
down €1,281 (-100%), from €1,281 to €0
- Gross operating margin +€4,372
up €4,372 (+65.9%), from €6,632 to €11,004
- Taxes +€1,227
up €1,227 (+124%), from €988 to €2,215
- Financial income -€353
down €353 (-100%), from €353 to €0
- Other operating charges +€145
up €145 (+4.4%), from €3,296 to €3,441
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.
Derived cash bridge
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 | €48,104 | €53,089 | +€4,985 | +10.4% |
| Fixed assets | 21/28 | €43,417 | €42,955 | -€462 | -1.1% |
| Tangible fixed assets | 22/27 | €43,417 | €42,955 | -€462 | -1.1% |
| Land and buildings | 22 | €43,417 | €42,955 | -€462 | -1.1% |
| Current assets | 29/58 | €4,687 | €10,134 | +€5,448 | +116% |
| Amounts receivable within one year | 40/41 | €2,151 | €1,357 | -€793 | -36.9% |
| Trade receivables | 40 | €331 | €345 | +€14 | +4.2% |
| Other amounts receivable | 41 | €1,819 | €1,012 | -€807 | -44.4% |
| Cash at bank and in hand | 54/58 | €2,536 | €7,628 | +€5,092 | +201% |
| Deferred charges and accrued income | 490/1 | €0 | €1,148 | +€1,148 | |
| Total equity and liabilities | 10/49 | €48,104 | €53,089 | +€4,985 | +10.4% |
| Equity | 10/15 | €38,132 | €42,769 | +€4,637 | +12.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €13,132 | €17,769 | +€4,637 | +35.3% |
| Distributable reserves | 133 | €13,132 | €17,769 | +€4,637 | +35.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €9,972 | €10,320 | +€348 | +3.5% |
| Amounts payable within one year | 42/48 | €8,691 | €10,320 | +€1,629 | +18.7% |
| Trade debts | 44 | €273 | €187 | -€86 | -31.4% |
| Suppliers | 440/4 | €273 | €187 | -€86 | -31.4% |
| Taxes, remuneration and social security | 45 | €0 | €215 | +€215 | |
| Taxes | 450/3 | €0 | €215 | +€215 | |
| Other amounts payable | 47/48 | €8,418 | €9,918 | +€1,500 | +17.8% |
| Accrued charges and deferred income | 492/3 | €1,281 | €0 | -€1,281 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €462 | €462 | = | 0.0% |
| Other operating charges | 640/8 | €3,296 | €3,441 | +€145 | +4.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €6,632 | €11,004 | +€4,372 | +65.9% |
| Operating profit (loss) | 9901 | €2,874 | €7,101 | +€4,227 | +147% |
| Financial income | 75/76B | €353 | €0 | -€353 | -100% |
| Recurring financial income | 75 | €353 | €0 | -€353 | -100% |
| Financial charges | 65/66B | €231 | €249 | +€18 | +7.8% |
| Recurring financial charges | 65 | €231 | €249 | +€18 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €2,996 | €6,852 | +€3,856 | +129% |
| Income taxes | 67/77 | €988 | €2,215 | +€1,227 | +124% |
| Profit (loss) for the period | 9904 | €2,008 | €4,637 | +€2,629 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €2,008 | €4,637 | +€2,629 | +131% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.