ARGOS: 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.
ARGOS
Largest movements
- Financial fixed assets +€32.7m
new in 2015: €32.7m
- Current assets -€559,913
down €559,913 (-18.2%), from €3.1m to €2.5m
- Contributions +€32.7m
up €32.7m (+40825.3%), from €80,000 to €32.7m
- Debts after one year -€663,676
down €663,676 (-58.8%), from €1.1m to €464,922
- Gross operating margin +€42,972
up €42,972 (+39.5%), from €108,665 to €151,637
- Taxes -€4,815
down €4,815 (-7.0%), from €68,958 to €64,143
- Depreciation +€2,624
up €2,624 (+37.8%), from €6,946 to €9,569
From the 2014 result to the 2015 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2014 | 2015 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,102,240 | €35,204,876 | +€32.1m | +1034.8% |
| Fixed assets | 21/28 | €20,176 | €32,682,725 | +€32.7m | +161886.6% |
| Tangible fixed assets | 22/27 | €20,176 | €22,478 | +€2,302 | +11.4% |
| Financial fixed assets | 28 | - | €32,660,247 | +€32.7m | |
| Current assets | 29/58 | €3,082,064 | €2,522,152 | -€559,913 | -18.2% |
| Amounts receivable within one year | 40/41 | €13,318 | €87,063 | +€73,746 | +553.7% |
| Cash at bank and in hand | 54/58 | €68,303 | €23,057 | -€45,247 | -66.2% |
| Total equity and liabilities | 10/49 | €3,102,240 | €35,204,876 | +€32.1m | +1034.8% |
| Equity | 10/15 | €239,721 | €33,010,965 | +€32.8m | +13670.6% |
| Contributions | 10/11 | €80,000 | €32,740,247 | +€32.7m | +40825.3% |
| Reserves | 13 | €159,721 | €270,717 | +€110,996 | +69.5% |
| Amounts payable | 17/49 | €2,862,519 | €2,193,912 | -€668,607 | -23.4% |
| Amounts payable after more than one year | 17 | €1,128,598 | €464,922 | -€663,676 | -58.8% |
| Amounts payable within one year | 42/48 | €1,733,459 | €1,727,094 | -€6,365 | -0.4% |
| Trade debts | 44 | €777 | €5,569 | +€4,792 | +616.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,946 | €9,569 | +€2,624 | +37.8% |
| Gross operating margin | 9900 | €108,665 | €151,637 | +€42,972 | +39.5% |
| Operating profit (loss) | 9901 | €91,690 | €122,650 | +€30,960 | +33.8% |
| Recurring financial income | 75 | €124,860 | €114,283 | -€10,577 | -8.5% |
| Recurring financial charges | 65 | €16,334 | €61,793 | +€45,459 | +278.3% |
| Profit (loss) for the period before taxes | 9903 | €200,216 | €175,139 | -€25,077 | -12.5% |
| Income taxes | 67/77 | €68,958 | €64,143 | -€4,815 | -7.0% |
| Profit (loss) for the period | 9904 | €131,258 | €110,996 | -€20,262 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €131,258 | €17,996 | -€113,262 | -86.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2014 and 31 December 2015. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.