ARGOS CAPITAL: what changed
What changed
ARGOS CAPITAL
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€147,529
2023 · -€38,247-€109,282
Equity
€259,869
2023 · €407,398-€147,529
Cash
€62
2023 · €8,211-€8,149
Balance sheet total
€1.4m
2023 · €1.3m+€106,444
Largest movements
Assets
- Tangible fixed assets +€234,097
up €234,097 (+27.2%), from €859,179 to €1.1m
of which Furniture and vehicles: +€228,072
- Receivables within one year -€119,300
down €119,300 (-58.7%), from €203,219 to €83,919
of which Other amounts receivable: -€77,995
Equity and liabilities
- Other debts +€277,496
up €277,496 (+96.9%), from €286,301 to €563,797
- Profit (loss) carried forward -€147,529
down €147,529, from €104,338 to -€43,191
- Debts after one year -€33,410
down €33,410 (-7.0%), from €480,622 to €447,211
of which Financial debts: -€33,410
Income statement
- Purchases and services +€67,268
up €67,268 (+181%), from €37,150 to €104,418
- Gross operating margin -€63,155
down €63,155, from €13,593 to -€49,562
- Depreciation +€37,482
up €37,482 (+104%), from €36,061 to €73,543
- Turnover +€11,456
up €11,456 (+30.6%), from €37,400 to €48,856
- Financial charges +€10,074
up €10,074 (+73.1%), from €13,780 to €23,854
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€38,247
Gross operating margin
-€63,155
Depreciation
-€37,482
Other operating charges
+€2,503
Financial income
-€1,075
Financial charges
-€10,074
Result 2024
-€147,529
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€329,317
Investment
-€307,640
Financing
-€29,827
Cash 2023
€8,211
From operations (derived)
+€329,317
Net result for the year
-€147,529
Depreciation
+€73,543
Receivables within one year
+€119,300
Deferred charges and accrued income
+€203
Trade debts
+€4,575
Tax, wage and social debts
-€5,172
Other debts
+€277,496
Accrued charges and deferred income
+€6,901
Investment (derived)
-€307,640
Investment in fixed assets (net)
-€307,640
Financing
-€29,827
Debts after one year
-€33,410
Current portion of long-term debt
+€2,888
Short-term financial debts
+€696
Cash 2024
€62
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,321,132 | €1,427,577 | +€106,444 | +8.1% |
| Fixed assets | 21/28 | €1,109,179 | €1,343,276 | +€234,097 | +21.1% |
| Tangible fixed assets | 22/27 | €859,179 | €1,093,276 | +€234,097 | +27.2% |
| Land and buildings | 22 | €852,286 | €858,310 | +€6,024 | +0.7% |
| Furniture and vehicles | 24 | €6,893 | €234,965 | +€228,072 | +3,309% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €211,953 | €84,301 | -€127,652 | -60.2% |
| Amounts receivable within one year | 40/41 | €203,219 | €83,919 | -€119,300 | -58.7% |
| Trade receivables | 40 | €50,000 | €8,695 | -€41,305 | -82.6% |
| Other amounts receivable | 41 | €153,219 | €75,224 | -€77,995 | -50.9% |
| Cash at bank and in hand | 54/58 | €8,211 | €62 | -€8,149 | -99.2% |
| Deferred charges and accrued income | 490/1 | €523 | €320 | -€203 | -38.8% |
| Total equity and liabilities | 10/49 | €1,321,132 | €1,427,577 | +€106,444 | +8.1% |
| Equity | 10/15 | €407,398 | €259,869 | -€147,529 | -36.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €295,000 | €295,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,338 | -€43,191 | -€147,529 | |
| Amounts payable | 17/49 | €913,734 | €1,167,707 | +€253,974 | +27.8% |
| Amounts payable after more than one year | 17 | €480,622 | €447,211 | -€33,410 | -7.0% |
| Financial debts | 170/4 | €228,711 | €195,300 | -€33,410 | -14.6% |
| Other amounts payable | 178/9 | €251,911 | €251,911 | = | 0.0% |
| Amounts payable within one year | 42/48 | €429,550 | €710,033 | +€280,482 | +65.3% |
| Current portion of amounts payable after more than one year | 42 | €32,384 | €35,272 | +€2,888 | +8.9% |
| Financial debts | 43 | €100,000 | €100,696 | +€696 | +0.7% |
| Credit institutions | 430/8 | €100,000 | €100,696 | +€696 | +0.7% |
| Trade debts | 44 | €5,324 | €9,899 | +€4,575 | +85.9% |
| Suppliers | 440/4 | €5,324 | €9,899 | +€4,575 | +85.9% |
| Taxes, remuneration and social security | 45 | €5,541 | €369 | -€5,172 | -93.3% |
| Taxes | 450/3 | €5,541 | €369 | -€5,172 | -93.3% |
| Other amounts payable | 47/48 | €286,301 | €563,797 | +€277,496 | +96.9% |
| Accrued charges and deferred income | 492/3 | €3,562 | €10,463 | +€6,901 | +194% |
| Turnover | 70 | €37,400 | €48,856 | +€11,456 | +30.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €37,150 | €104,418 | +€67,268 | +181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,061 | €73,543 | +€37,482 | +104% |
| Other operating charges | 640/8 | €9,685 | €7,183 | -€2,503 | -25.8% |
| Gross operating margin | 9900 | €13,593 | -€49,562 | -€63,155 | |
| Operating profit (loss) | 9901 | -€32,154 | -€130,287 | -€98,134 | -305% |
| Financial income | 75/76B | €7,687 | €6,612 | -€1,075 | -14.0% |
| Recurring financial income | 75 | €7,687 | €6,612 | -€1,075 | -14.0% |
| Financial charges | 65/66B | €13,780 | €23,854 | +€10,074 | +73.1% |
| Recurring financial charges | 65 | €13,780 | €23,854 | +€10,074 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | -€38,247 | -€147,529 | -€109,282 | -286% |
| Profit (loss) for the period | 9904 | -€38,247 | -€147,529 | -€109,282 | -286% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,247 | -€147,529 | -€109,282 | -286% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.