ARGOS M&J: 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 M&J
Largest movements
- Receivables within one year -€48,256
down €48,256 (-56.7%), from €85,106 to €36,850
of which Other amounts receivable: -€40,600
- Cash +€15,869
up €15,869 (+78.6%), from €20,198 to €36,067
mainly Other debts (+€70,915) and Receivables within one year (+€48,256)
- Tangible fixed assets -€9,520
down €9,520 (-22.7%), from €41,941 to €32,421
of which Furniture and vehicles: -€11,028
- Profit (loss) carried forward -€105,344
down €105,344 (-74.6%), from €141,235 to €35,891
- Other debts +€70,915
new in 2025: €70,915
- Tax, wage and social debts -€5,527
down €5,527 (-88.0%), from €6,278 to €751
- Gross operating margin +€18,632
up €18,632 (+44.0%), from €42,318 to €60,950
- Financial income -€7,497
down €7,497 (-95.5%), from €7,854 to €357
- Taxes +€2,695
up €2,695 (+34.5%), from €7,807 to €10,501
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 | €154,785 | €113,451 | -€41,335 | -26.7% |
| Fixed assets | 21/28 | €41,941 | €32,421 | -€9,520 | -22.7% |
| Tangible fixed assets | 22/27 | €41,941 | €32,421 | -€9,520 | -22.7% |
| Land and buildings | 22 | - | €1,733 | +€1,733 | |
| Furniture and vehicles | 24 | €40,229 | €29,200 | -€11,028 | -27.4% |
| Other tangible fixed assets | 26 | €1,712 | €1,488 | -€224 | -13.1% |
| Current assets | 29/58 | €112,845 | €81,030 | -€31,815 | -28.2% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €85,106 | €36,850 | -€48,256 | -56.7% |
| Trade receivables | 40 | €35,256 | €27,600 | -€7,656 | -21.7% |
| Other amounts receivable | 41 | €49,850 | €9,250 | -€40,600 | -81.4% |
| Cash at bank and in hand | 54/58 | €20,198 | €36,067 | +€15,869 | +78.6% |
| Deferred charges and accrued income | 490/1 | €2,540 | €3,112 | +€572 | +22.5% |
| Total equity and liabilities | 10/49 | €154,785 | €113,451 | -€41,335 | -26.7% |
| Equity | 10/15 | €143,235 | €37,891 | -€105,344 | -73.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,235 | €35,891 | -€105,344 | -74.6% |
| Amounts payable | 17/49 | €11,551 | €75,560 | +€64,009 | +554% |
| Amounts payable within one year | 42/48 | €11,551 | €75,560 | +€64,009 | +554% |
| Trade debts | 44 | €5,272 | €3,894 | -€1,378 | -26.1% |
| Suppliers | 440/4 | €5,272 | €3,894 | -€1,378 | -26.1% |
| Taxes, remuneration and social security | 45 | €6,278 | €751 | -€5,527 | -88.0% |
| Taxes | 450/3 | €6,278 | €751 | -€5,527 | -88.0% |
| Other amounts payable | 47/48 | - | €70,915 | +€70,915 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,219 | €11,517 | +€297 | +2.6% |
| Other operating charges | 640/8 | - | €421 | +€421 | |
| Gross operating margin | 9900 | €42,318 | €60,950 | +€18,632 | +44.0% |
| Operating profit (loss) | 9901 | €31,098 | €49,012 | +€17,914 | +57.6% |
| Financial income | 75/76B | €7,854 | €357 | -€7,497 | -95.5% |
| Recurring financial income | 75 | €7,854 | €357 | -€7,497 | -95.5% |
| Financial charges | 65/66B | €2,839 | €2,977 | +€138 | +4.9% |
| Recurring financial charges | 65 | €2,839 | €2,977 | +€138 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €36,113 | €46,392 | +€10,279 | +28.5% |
| Income taxes | 67/77 | €7,807 | €10,501 | +€2,695 | +34.5% |
| Profit (loss) for the period | 9904 | €28,306 | €35,891 | +€7,584 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,306 | €35,891 | +€7,584 | +26.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.