ARGOT CONSTRUCT: 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.
ARGOT CONSTRUCT
Largest movements
- Cash -€29,380
down €29,380 (-47.0%), from €62,548 to €33,168
mainly Net result for the year (-€60,219) and Receivables within one year (-€22,855)
- Stocks and contracts -€24,063
down €24,063 (-27.1%), from €88,841 to €64,778
- Receivables within one year +€22,855
up €22,855 (+14.4%), from €158,414 to €181,269
of which Other amounts receivable: +€17,433
- Tangible fixed assets -€6,518
down €6,518 (-48.3%), from €13,504 to €6,986
of which Furniture and vehicles: -€4,260
- Profit (loss) carried forward -€60,219
down €60,219 (-37.4%), from €161,096 to €100,877
- Trade debts +€18,600
up €18,600 (+19.3%), from €96,351 to €114,951
- Short-term financial debts +€4,720
up €4,720 (+18.9%), from €25,000 to €29,720
- Current portion of long-term debt -€4,150
down €4,150 (-91.6%), from €4,531 to €381
- Gross operating margin -€111,414
down €111,414, from €105,608 to -€5,806
- Financial income +€26,103
up €26,103 (+1617.9%), from €1,613 to €27,717
of which Non-recurring financial income: +€24,628
- Other operating charges +€17,456
up €17,456 (+725.4%), from €2,406 to €19,862
- Taxes -€9,600
down €9,600 (-98.7%), from €9,731 to €131
- Staff costs +€2,612
up €2,612 (+5.8%), from €45,361 to €47,973
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,574 | €291,304 | -€38,269 | -11.6% |
| Fixed assets | 21/28 | €14,578 | €8,060 | -€6,518 | -44.7% |
| Tangible fixed assets | 22/27 | €13,504 | €6,986 | -€6,518 | -48.3% |
| Furniture and vehicles | 24 | €4,540 | €279 | -€4,260 | -93.8% |
| Other tangible fixed assets | 26 | €8,964 | €6,707 | -€2,257 | -25.2% |
| Financial fixed assets | 28 | €1,074 | €1,074 | = | 0.0% |
| Current assets | 29/58 | €314,996 | €283,244 | -€31,751 | -10.1% |
| Stocks and contracts in progress | 3 | €88,841 | €64,778 | -€24,063 | -27.1% |
| Stocks | 30/36 | €88,841 | €64,778 | -€24,063 | -27.1% |
| Amounts receivable within one year | 40/41 | €158,414 | €181,269 | +€22,855 | +14.4% |
| Trade receivables | 40 | €124,963 | €130,385 | +€5,421 | +4.3% |
| Other amounts receivable | 41 | €33,451 | €50,884 | +€17,433 | +52.1% |
| Cash at bank and in hand | 54/58 | €62,548 | €33,168 | -€29,380 | -47.0% |
| Deferred charges and accrued income | 490/1 | €5,193 | €4,030 | -€1,163 | -22.4% |
| Total equity and liabilities | 10/49 | €329,574 | €291,304 | -€38,269 | -11.6% |
| Equity | 10/15 | €169,156 | €108,937 | -€60,219 | -35.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,096 | €100,877 | -€60,219 | -37.4% |
| Amounts payable | 17/49 | €160,418 | €182,368 | +€21,950 | +13.7% |
| Amounts payable after more than one year | 17 | €381 | - | -€381 | |
| Financial debts | 170/4 | €381 | - | -€381 | |
| Amounts payable within one year | 42/48 | €160,037 | €182,368 | +€22,330 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €4,531 | €381 | -€4,150 | -91.6% |
| Financial debts | 43 | €25,000 | €29,720 | +€4,720 | +18.9% |
| Credit institutions | 430/8 | €25,000 | €29,720 | +€4,720 | +18.9% |
| Trade debts | 44 | €96,351 | €114,951 | +€18,600 | +19.3% |
| Suppliers | 440/4 | €96,351 | €114,951 | +€18,600 | +19.3% |
| Taxes, remuneration and social security | 45 | €30,092 | €31,146 | +€1,054 | +3.5% |
| Taxes | 450/3 | €22,539 | €24,927 | +€2,388 | +10.6% |
| Remuneration and social security | 454/9 | €7,553 | €6,219 | -€1,334 | -17.7% |
| Other amounts payable | 47/48 | €4,063 | €6,169 | +€2,106 | +51.8% |
| Non-recurring operating income | 76A | - | €266 | +€266 | |
| Remuneration, social security and pensions | 62 | €45,361 | €47,973 | +€2,612 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,518 | €6,518 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€769 | - | +€769 | |
| Other operating charges | 640/8 | €2,406 | €19,862 | +€17,456 | +725.4% |
| Gross operating margin | 9900 | €105,608 | -€5,806 | -€111,414 | |
| Operating profit (loss) | 9901 | €52,092 | -€80,159 | -€132,251 | |
| Financial income | 75/76B | €1,613 | €27,717 | +€26,103 | +1617.9% |
| Recurring financial income | 75 | €1,613 | €3,089 | +€1,475 | +91.4% |
| Non-recurring financial income | 76B | - | €24,628 | +€24,628 | |
| Financial charges | 65/66B | €6,449 | €7,646 | +€1,197 | +18.6% |
| Recurring financial charges | 65 | €6,449 | €7,646 | +€1,197 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €47,257 | -€60,088 | -€107,344 | |
| Income taxes | 67/77 | €9,731 | €131 | -€9,600 | -98.7% |
| Profit (loss) for the period | 9904 | €37,525 | -€60,219 | -€97,744 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,525 | -€60,219 | -€97,744 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.