Argos Ventures: 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 Ventures
Largest movements
- Cash +€11,234
up €11,234 (+19.5%), from €57,701 to €68,935
mainly Other debts (+€69,492) and Net result for the year (+€65,497)
- Receivables within one year -€3,834
down €3,834 (-23.5%), from €16,334 to €12,500
of which Other amounts receivable: -€4,024
- Tangible fixed assets +€3,754
up €3,754 (+1099.1%), from €342 to €4,095
- Other debts +€69,492
up €69,492 (+8342.4%), from €833 to €70,325
- Reserves -€59,459
down €59,459 (-97.1%), from €61,216 to €1,757
- Tax, wage and social debts +€1,614
up €1,614 (+18.0%), from €8,949 to €10,563
- Gross operating margin +€13,330
up €13,330 (+16.9%), from €78,760 to €92,090
- Taxes +€7,684
up €7,684 (+50.6%), from €15,193 to €22,877
- Depreciation +€1,708
up €1,708 (+260.3%), from €656 to €2,364
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 | €74,510 | €86,305 | +€11,794 | +15.8% |
| Fixed assets | 21/28 | €342 | €4,095 | +€3,754 | +1099.1% |
| Tangible fixed assets | 22/27 | €342 | €4,095 | +€3,754 | +1099.1% |
| Furniture and vehicles | 24 | €342 | €4,095 | +€3,754 | +1099.1% |
| Current assets | 29/58 | €74,169 | €82,209 | +€8,041 | +10.8% |
| Amounts receivable within one year | 40/41 | €16,334 | €12,500 | -€3,834 | -23.5% |
| Trade receivables | 40 | €12,310 | €12,500 | +€190 | +1.5% |
| Other amounts receivable | 41 | €4,024 | €0 | -€4,024 | -100.0% |
| Cash at bank and in hand | 54/58 | €57,701 | €68,935 | +€11,234 | +19.5% |
| Deferred charges and accrued income | 490/1 | €134 | €775 | +€641 | +477.9% |
| Total equity and liabilities | 10/49 | €74,510 | €86,305 | +€11,794 | +15.8% |
| Equity | 10/15 | €64,216 | €4,757 | -€59,459 | -92.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €61,216 | €1,757 | -€59,459 | -97.1% |
| Distributable reserves | 133 | €61,216 | €1,757 | -€59,459 | -97.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,294 | €81,547 | +€71,253 | +692.2% |
| Amounts payable within one year | 42/48 | €10,294 | €81,519 | +€71,225 | +691.9% |
| Trade debts | 44 | €512 | €632 | +€119 | +23.3% |
| Suppliers | 440/4 | €512 | €632 | +€119 | +23.3% |
| Taxes, remuneration and social security | 45 | €8,949 | €10,563 | +€1,614 | +18.0% |
| Taxes | 450/3 | €8,949 | €10,563 | +€1,614 | +18.0% |
| Other amounts payable | 47/48 | €833 | €70,325 | +€69,492 | +8342.4% |
| Accrued charges and deferred income | 492/3 | - | €28 | +€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €656 | €2,364 | +€1,708 | +260.3% |
| Other operating charges | 640/8 | €1,067 | €544 | -€523 | -49.0% |
| Non-recurring operating charges | 66A | €4,392 | €0 | -€4,392 | -100.0% |
| Gross operating margin | 9900 | €78,760 | €92,090 | +€13,330 | +16.9% |
| Operating profit (loss) | 9901 | €72,645 | €89,182 | +€16,537 | +22.8% |
| Financial income | 75/76B | €150 | €40 | -€110 | -73.4% |
| Recurring financial income | 75 | €150 | €40 | -€110 | -73.4% |
| Financial charges | 65/66B | €158 | €849 | +€691 | +437.6% |
| Recurring financial charges | 65 | €158 | €849 | +€691 | +437.6% |
| Profit (loss) for the period before taxes | 9903 | €72,638 | €88,374 | +€15,736 | +21.7% |
| Income taxes | 67/77 | €15,193 | €22,877 | +€7,684 | +50.6% |
| Profit (loss) for the period | 9904 | €57,445 | €65,497 | +€8,052 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,445 | €65,497 | +€8,052 | +14.0% |
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.