ARGOS SYSTEMS: 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 SYSTEMS
Largest movements
- Cash +€32,597
up €32,597 (+82586.4%), from €39 to €32,636
mainly Other debts (+€16,157) and Net result for the year (+€13,565)
- Receivables within one year +€29,010
up €29,010 (+789.0%), from €3,677 to €32,687
of which Trade receivables: +€24,069
- Tangible fixed assets -€3,307
down €3,307 (-32.7%), from €10,123 to €6,816
of which Furniture and vehicles: -€3,038
- Other debts +€16,157
up €16,157 (+292.1%), from €5,532 to €21,689
- Profit (loss) carried forward +€13,565
up €13,565 (+226.6%), from €5,985 to €19,550
- Debts after one year +€11,276
new in 2025: €11,276
- Tax, wage and social debts +€9,366
up €9,366 (+617.7%), from €1,516 to €10,882
- Trade debts +€4,855
up €4,855 (+602.6%), from €806 to €5,661
- Gross operating margin +€12,357
up €12,357 (+111.7%), from €11,065 to €23,422
- Taxes +€2,105
up €2,105 (+138.8%), from €1,516 to €3,621
- Financial charges +€1,383
up €1,383 (+798.0%), from €173 to €1,557
- Staff costs +€650
up €650 (+263.6%), from €247 to €897
- Other operating charges +€348
up €348 (+273.1%), from €128 to €476
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 | €13,839 | €72,150 | +€58,311 | +421.3% |
| Fixed assets | 21/28 | €10,123 | €6,816 | -€3,307 | -32.7% |
| Tangible fixed assets | 22/27 | €10,123 | €6,816 | -€3,307 | -32.7% |
| Plant, machinery and equipment | 23 | €1,220 | €951 | -€269 | -22.0% |
| Furniture and vehicles | 24 | €8,903 | €5,865 | -€3,038 | -34.1% |
| Current assets | 29/58 | €3,716 | €65,334 | +€61,618 | +1658.1% |
| Amounts receivable within one year | 40/41 | €3,677 | €32,687 | +€29,010 | +789.0% |
| Trade receivables | 40 | €277 | €24,346 | +€24,069 | +8694.8% |
| Other amounts receivable | 41 | €3,400 | €8,341 | +€4,941 | +145.3% |
| Cash at bank and in hand | 54/58 | €39 | €32,636 | +€32,597 | +82586.4% |
| Deferred charges and accrued income | 490/1 | - | €11 | +€11 | |
| Total equity and liabilities | 10/49 | €13,839 | €72,150 | +€58,311 | +421.3% |
| Equity | 10/15 | €5,985 | €19,550 | +€13,565 | +226.6% |
| Profit (loss) carried forward | 14 | €5,985 | €19,550 | +€13,565 | +226.6% |
| Amounts payable | 17/49 | €7,854 | €52,600 | +€44,746 | +569.7% |
| Amounts payable after more than one year | 17 | - | €11,276 | +€11,276 | |
| Financial debts | 170/4 | - | €11,276 | +€11,276 | |
| Amounts payable within one year | 42/48 | €7,854 | €41,324 | +€33,470 | +426.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,092 | +€3,092 | |
| Trade debts | 44 | €806 | €5,661 | +€4,855 | +602.6% |
| Suppliers | 440/4 | €806 | €5,661 | +€4,855 | +602.6% |
| Taxes, remuneration and social security | 45 | €1,516 | €10,882 | +€9,366 | +617.7% |
| Taxes | 450/3 | €1,516 | €10,882 | +€9,366 | +617.7% |
| Other amounts payable | 47/48 | €5,532 | €21,689 | +€16,157 | +292.1% |
| Remuneration, social security and pensions | 62 | €247 | €897 | +€650 | +263.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,016 | €3,307 | +€291 | +9.6% |
| Other operating charges | 640/8 | €128 | €476 | +€348 | +273.1% |
| Gross operating margin | 9900 | €11,065 | €23,422 | +€12,357 | +111.7% |
| Operating profit (loss) | 9901 | €7,675 | €18,742 | +€11,068 | +144.2% |
| Financial income | 75/76B | €0 | €1 | +€0 | +2450.0% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +2450.0% |
| Financial charges | 65/66B | €173 | €1,557 | +€1,383 | +798.0% |
| Recurring financial charges | 65 | €173 | €1,557 | +€1,383 | +798.0% |
| Profit (loss) for the period before taxes | 9903 | €7,501 | €17,186 | +€9,685 | +129.1% |
| Income taxes | 67/77 | €1,516 | €3,621 | +€2,105 | +138.8% |
| Profit (loss) for the period | 9904 | €5,985 | €13,565 | +€7,580 | +126.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,985 | €13,565 | +€7,580 | +126.6% |
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 5 October 2026 via checked.be.