ARGOT IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€19,026
down €19,026 (-8.3%), from €229,364 to €210,338
of which Land and buildings: -€17,826
- Cash -€10,380
down €10,380 (-66.5%), from €15,617 to €5,237
mainly Debts after one year (-€22,129) and Other debts (-€5,830)
- Debts after one year -€22,129
down €22,129 (-10.6%), from €208,929 to €186,800
- Other debts -€5,830
down €5,830 (-33.7%), from €17,310 to €11,481
- Profit (loss) carried forward +€5,014
up €5,014 (+8.5%), from -€58,758 to -€53,744
- Trade debts -€4,297
down €4,297 (-70.5%), from €6,093 to €1,797
- Investment grants -€3,193
down €3,193 (-7.7%), from €41,509 to €38,316
- Other operating charges -€6,389
down €6,389 (-55.7%), from €11,467 to €5,078
- Financial charges -€1,884
down €1,884 (-12.4%), from €15,232 to €13,348
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 | €258,652 | €229,416 | -€29,236 | -11.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €238,601 | €219,575 | -€19,026 | -8.0% |
| Tangible fixed assets | 22/27 | €229,364 | €210,338 | -€19,026 | -8.3% |
| Land and buildings | 22 | €219,551 | €201,725 | -€17,826 | -8.1% |
| Plant, machinery and equipment | 23 | €9,814 | €8,614 | -€1,200 | -12.2% |
| Financial fixed assets | 28 | €9,236 | €9,236 | = | 0.0% |
| Current assets | 29/58 | €20,051 | €9,841 | -€10,210 | -50.9% |
| Amounts receivable within one year | 40/41 | €4,434 | €4,604 | +€170 | +3.8% |
| Other amounts receivable | 41 | €4,434 | €4,604 | +€170 | +3.8% |
| Cash at bank and in hand | 54/58 | €15,617 | €5,237 | -€10,380 | -66.5% |
| Total equity and liabilities | 10/49 | €258,652 | €229,416 | -€29,236 | -11.3% |
| Equity | 10/15 | €2,751 | €4,572 | +€1,821 | +66.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,758 | -€53,744 | +€5,014 | +8.5% |
| Investment grants | 15 | €41,509 | €38,316 | -€3,193 | -7.7% |
| Amounts payable | 17/49 | €255,901 | €224,844 | -€31,057 | -12.1% |
| Amounts payable after more than one year | 17 | €208,929 | €186,800 | -€22,129 | -10.6% |
| Financial debts | 170/4 | €208,929 | €186,800 | -€22,129 | -10.6% |
| Amounts payable within one year | 42/48 | €46,972 | €38,044 | -€8,928 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €20,927 | €22,129 | +€1,202 | +5.7% |
| Financial debts | 43 | €2,641 | €2,638 | -€3 | -0.1% |
| Other loans | 439 | €2,641 | €2,638 | -€3 | -0.1% |
| Trade debts | 44 | €6,093 | €1,797 | -€4,297 | -70.5% |
| Suppliers | 440/4 | €6,093 | €1,797 | -€4,297 | -70.5% |
| Other amounts payable | 47/48 | €17,310 | €11,481 | -€5,830 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,248 | €19,026 | -€222 | -1.2% |
| Other operating charges | 640/8 | €11,467 | €5,078 | -€6,389 | -55.7% |
| Gross operating margin | 9900 | €39,327 | €39,273 | -€54 | -0.1% |
| Operating profit (loss) | 9901 | €8,612 | €15,169 | +€6,557 | +76.1% |
| Financial income | 75/76B | €3,193 | €3,193 | = | 0.0% |
| Recurring financial income | 75 | €3,193 | €3,193 | = | 0.0% |
| Financial charges | 65/66B | €15,232 | €13,348 | -€1,884 | -12.4% |
| Recurring financial charges | 65 | €15,232 | €13,348 | -€1,884 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,427 | €5,014 | +€8,441 | |
| Profit (loss) for the period | 9904 | -€3,427 | €5,014 | +€8,441 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,427 | €5,014 | +€8,441 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.