ARGOS ASSOCIATES: 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 ASSOCIATES
Largest movements
- Tangible fixed assets +€2,173
new in 2025: €2,173
- Cash -€361
down €361 (-1.9%), from €18,826 to €18,465
mainly Investment in fixed assets (net) (-€2,897) and Trade debts (-€430)
- Profit (loss) carried forward +€2,204
up €2,204 (+64.8%), from -€3,400 to -€1,196
- Trade debts -€430
down €430 (-56.4%), from €762 to €332
- Gross operating margin +€3,331
up €3,331 (+531%), from €627 to €3,958
- Taxes +€875
up €875, from -€375 to €500
- Depreciation +€724
new in 2025: €724
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 | €18,826 | €20,638 | +€1,812 | +9.6% |
| Fixed assets | 21/28 | - | €2,173 | +€2,173 | |
| Tangible fixed assets | 22/27 | - | €2,173 | +€2,173 | |
| Furniture and vehicles | 24 | - | €2,173 | +€2,173 | |
| Current assets | 29/58 | €18,826 | €18,465 | -€361 | -1.9% |
| Cash at bank and in hand | 54/58 | €18,826 | €18,465 | -€361 | -1.9% |
| Total equity and liabilities | 10/49 | €18,826 | €20,638 | +€1,812 | +9.6% |
| Equity | 10/15 | €17,852 | €20,056 | +€2,204 | +12.3% |
| Contributions | 10/11 | €11,405 | €11,405 | = | 0.0% |
| Reserves | 13 | €9,847 | €9,847 | = | 0.0% |
| Non-distributable reserves | 130/1 | €702 | €702 | = | 0.0% |
| Reserves not available under the articles | 1311 | €702 | €702 | = | 0.0% |
| Distributable reserves | 133 | €9,145 | €9,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,400 | -€1,196 | +€2,204 | +64.8% |
| Amounts payable | 17/49 | €974 | €582 | -€392 | -40.2% |
| Amounts payable within one year | 42/48 | €974 | €582 | -€392 | -40.2% |
| Trade debts | 44 | €762 | €332 | -€430 | -56.4% |
| Suppliers | 440/4 | €762 | €332 | -€430 | -56.4% |
| Taxes, remuneration and social security | 45 | €125 | €59 | -€66 | -52.8% |
| Taxes | 450/3 | €125 | €59 | -€66 | -52.8% |
| Other amounts payable | 47/48 | €87 | €191 | +€104 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €724 | +€724 | |
| Other operating charges | 640/8 | €473 | €487 | +€14 | +3.0% |
| Gross operating margin | 9900 | €627 | €3,958 | +€3,331 | +531% |
| Operating profit (loss) | 9901 | €154 | €2,747 | +€2,593 | +1,684% |
| Financial charges | 65/66B | €46 | €43 | -€3 | -6.5% |
| Recurring financial charges | 65 | €46 | €43 | -€3 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €108 | €2,704 | +€2,596 | +2,404% |
| Income taxes | 67/77 | -€375 | €500 | +€875 | |
| Profit (loss) for the period | 9904 | €483 | €2,204 | +€1,721 | +356% |
| Profit (loss) for the period to be appropriated | 9905 | €483 | €2,204 | +€1,721 | +356% |
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 28 October 2026 via checked.be.