ARGOS GRAFIX: 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 GRAFIX
Largest movements
- Receivables within one year +€27,836
up €27,836 (+200.6%), from €13,879 to €41,715
of which Trade receivables: +€27,836
- Cash +€11,517
up €11,517 (+36.0%), from €31,998 to €43,515
mainly Trade debts (+€35,742) and Net result for the year (+€3,203)
- Deferred charges and accrued income +€2,698
up €2,698 (+614.2%), from €439 to €3,137
- Tangible fixed assets -€2,438
down €2,438 (-33.5%), from €7,275 to €4,837
of which Furniture and vehicles: -€2,024
- Trade debts +€35,742
up €35,742 (+441.7%), from €8,091 to €43,833
- Profit (loss) carried forward +€3,203
up €3,203 (+34.5%), from €9,294 to €12,497
- Other debts +€1,413
up €1,413 (+12.2%), from €11,538 to €12,951
- Gross operating margin -€2,674
down €2,674 (-22.5%), from €11,873 to €9,199
- Depreciation +€581
up €581 (+31.3%), from €1,857 to €2,438
- Staff costs -€441
down €441 (-45.3%), from €972 to €531
- Taxes +€125
up €125 (+112.9%), from €111 to €236
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 | €53,641 | €93,254 | +€39,613 | +73.8% |
| Fixed assets | 21/28 | €7,325 | €4,887 | -€2,438 | -33.3% |
| Tangible fixed assets | 22/27 | €7,275 | €4,837 | -€2,438 | -33.5% |
| Furniture and vehicles | 24 | €4,053 | €2,029 | -€2,024 | -49.9% |
| Other tangible fixed assets | 26 | €3,223 | €2,808 | -€414 | -12.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €46,316 | €88,367 | +€42,051 | +90.8% |
| Amounts receivable within one year | 40/41 | €13,879 | €41,715 | +€27,836 | +200.6% |
| Trade receivables | 40 | €13,879 | €41,715 | +€27,836 | +200.6% |
| Other amounts receivable | 41 | €0 | €0 | -€0 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,998 | €43,515 | +€11,517 | +36.0% |
| Deferred charges and accrued income | 490/1 | €439 | €3,137 | +€2,698 | +614.2% |
| Total equity and liabilities | 10/49 | €53,641 | €93,254 | +€39,613 | +73.8% |
| Equity | 10/15 | €29,754 | €32,957 | +€3,203 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,294 | €12,497 | +€3,203 | +34.5% |
| Amounts payable | 17/49 | €23,887 | €60,297 | +€36,411 | +152.4% |
| Amounts payable within one year | 42/48 | €23,887 | €60,297 | +€36,411 | +152.4% |
| Trade debts | 44 | €8,091 | €43,833 | +€35,742 | +441.7% |
| Suppliers | 440/4 | €8,091 | €43,833 | +€35,742 | +441.7% |
| Taxes, remuneration and social security | 45 | €4,257 | €3,513 | -€744 | -17.5% |
| Taxes | 450/3 | €2,638 | €1,479 | -€1,159 | -43.9% |
| Remuneration and social security | 454/9 | €1,619 | €2,034 | +€415 | +25.6% |
| Other amounts payable | 47/48 | €11,538 | €12,951 | +€1,413 | +12.2% |
| Remuneration, social security and pensions | 62 | €972 | €531 | -€441 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,857 | €2,438 | +€581 | +31.3% |
| Other operating charges | 640/8 | €2,378 | €2,480 | +€102 | +4.3% |
| Gross operating margin | 9900 | €11,873 | €9,199 | -€2,674 | -22.5% |
| Operating profit (loss) | 9901 | €6,665 | €3,750 | -€2,916 | -43.7% |
| Financial income | 75/76B | €50 | €110 | +€59 | +118.1% |
| Recurring financial income | 75 | €50 | €110 | +€59 | +118.1% |
| Financial charges | 65/66B | €381 | €421 | +€41 | +10.6% |
| Recurring financial charges | 65 | €381 | €421 | +€41 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €6,335 | €3,438 | -€2,897 | -45.7% |
| Income taxes | 67/77 | €111 | €236 | +€125 | +112.9% |
| Profit (loss) for the period | 9904 | €6,224 | €3,203 | -€3,022 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,224 | €3,203 | -€3,022 | -48.5% |
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 30 September 2026 via checked.be.