ARGRO: 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.
ARGRO
Largest movements
- Receivables within one year +€33,978
up €33,978 (+8.6%), from €395,410 to €429,388
of which Trade receivables: +€29,480
- Trade debts +€184,665
up €184,665 (+56.4%), from €327,176 to €511,840
- Profit (loss) carried forward -€107,650
new in 2025: -€107,650
- Reserves -€38,359
down €38,359 (-86.1%), from €44,559 to €6,200
of which Distributable reserves: -€38,359
- Tax, wage and social debts -€5,279
down €5,279 (-23.8%), from €22,155 to €16,876
of which Remuneration and social security: -€6,110
- Gross operating margin -€50,815
down €50,815 (-19.8%), from €256,199 to €205,384
- Staff costs +€16,157
up €16,157 (+5.4%), from €301,445 to €317,603
- Other operating charges -€8,038
down €8,038 (-69.9%), from €11,495 to €3,458
- Taxes +€2,886
up €2,886, from €0 to €2,886
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 | €456,325 | €489,702 | +€33,377 | +7.3% |
| Fixed assets | 21/28 | €3,718 | €3,718 | = | 0.0% |
| Financial fixed assets | 28 | €3,718 | €3,718 | = | 0.0% |
| Current assets | 29/58 | €452,606 | €485,983 | +€33,377 | +7.4% |
| Stocks and contracts in progress | 3 | €6,929 | €6,929 | = | 0.0% |
| Stocks | 30/36 | €6,929 | €6,929 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €395,410 | €429,388 | +€33,978 | +8.6% |
| Trade receivables | 40 | €262,851 | €292,331 | +€29,480 | +11.2% |
| Other amounts receivable | 41 | €132,559 | €137,057 | +€4,498 | +3.4% |
| Cash at bank and in hand | 54/58 | €13,230 | €12,628 | -€601 | -4.5% |
| Deferred charges and accrued income | 490/1 | €37,037 | €37,037 | = | 0.0% |
| Total equity and liabilities | 10/49 | €456,325 | €489,702 | +€33,377 | +7.3% |
| Equity | 10/15 | €106,559 | -€39,450 | -€146,009 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €44,559 | €6,200 | -€38,359 | -86.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €38,359 | €0 | -€38,359 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€107,650 | -€107,650 | |
| Amounts payable | 17/49 | €349,766 | €529,152 | +€179,386 | +51.3% |
| Amounts payable within one year | 42/48 | €349,766 | €529,152 | +€179,386 | +51.3% |
| Trade debts | 44 | €327,176 | €511,840 | +€184,665 | +56.4% |
| Suppliers | 440/4 | €327,176 | €511,840 | +€184,665 | +56.4% |
| Taxes, remuneration and social security | 45 | €22,155 | €16,876 | -€5,279 | -23.8% |
| Taxes | 450/3 | €6,170 | €7,001 | +€831 | +13.5% |
| Remuneration and social security | 454/9 | €15,985 | €9,875 | -€6,110 | -38.2% |
| Other amounts payable | 47/48 | €435 | €435 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €301,445 | €317,603 | +€16,157 | +5.4% |
| Other operating charges | 640/8 | €11,495 | €3,458 | -€8,038 | -69.9% |
| Gross operating margin | 9900 | €256,199 | €205,384 | -€50,815 | -19.8% |
| Operating profit (loss) | 9901 | -€56,742 | -€115,676 | -€58,934 | -103.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €24,976 | €27,447 | +€2,471 | +9.9% |
| Recurring financial charges | 65 | €24,976 | €27,447 | +€2,471 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | -€81,717 | -€143,123 | -€61,406 | -75.1% |
| Income taxes | 67/77 | €0 | €2,886 | +€2,886 | |
| Profit (loss) for the period | 9904 | -€81,717 | -€146,009 | -€64,292 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,717 | -€146,009 | -€64,292 | -78.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.