ARGROTRANS: 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.
ARGROTRANS
Largest movements
- Receivables within one year +€109,666
up €109,666 (+47.7%), from €229,913 to €339,579
of which Trade receivables: +€105,720
- Tangible fixed assets -€23,919
down €23,919 (-73.3%), from €32,652 to €8,733
of which Furniture and vehicles: -€23,780
- Advances received +€182,320
new in 2025: €182,320
- Reserves -€51,580
down €51,580 (-47.0%), from €109,689 to €58,109
of which Distributable reserves: -€51,580
- Profit (loss) carried forward -€45,303
new in 2025: -€45,303
- Current portion of long-term debt -€4,346
down €4,346 (-100.0%), from €4,346 to €0
- Tax, wage and social debts +€4,112
up €4,112 (+5.1%), from €80,563 to €84,675
of which Remuneration and social security: +€4,039
- Gross operating margin +€96,803
up €96,803 (+16.5%), from €588,455 to €685,258
- Staff costs -€89,200
down €89,200 (-12.1%), from €735,188 to €645,988
- Depreciation -€37,785
down €37,785 (-61.4%), from €61,531 to €23,746
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 | €290,618 | €372,523 | +€81,905 | +28.2% |
| Fixed assets | 21/28 | €32,892 | €8,974 | -€23,919 | -72.7% |
| Tangible fixed assets | 22/27 | €32,652 | €8,733 | -€23,919 | -73.3% |
| Land and buildings | 22 | €139 | €0 | -€139 | -100.0% |
| Furniture and vehicles | 24 | €32,513 | €8,733 | -€23,780 | -73.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €257,725 | €363,549 | +€105,824 | +41.1% |
| Amounts receivable within one year | 40/41 | €229,913 | €339,579 | +€109,666 | +47.7% |
| Trade receivables | 40 | €69,280 | €175,000 | +€105,720 | +152.6% |
| Other amounts receivable | 41 | €160,633 | €164,579 | +€3,946 | +2.5% |
| Cash at bank and in hand | 54/58 | €11,271 | €8,929 | -€2,342 | -20.8% |
| Deferred charges and accrued income | 490/1 | €16,541 | €15,041 | -€1,500 | -9.1% |
| Total equity and liabilities | 10/49 | €290,618 | €372,523 | +€81,905 | +28.2% |
| Equity | 10/15 | €128,281 | €31,399 | -€96,882 | -75.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €109,689 | €58,109 | -€51,580 | -47.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €51,580 | €0 | -€51,580 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€45,303 | -€45,303 | |
| Amounts payable | 17/49 | €162,337 | €341,124 | +€178,787 | +110.1% |
| Amounts payable within one year | 42/48 | €158,137 | €336,924 | +€178,787 | +113.1% |
| Current portion of amounts payable after more than one year | 42 | €4,346 | €0 | -€4,346 | -100.0% |
| Trade debts | 44 | €72,326 | €69,028 | -€3,299 | -4.6% |
| Suppliers | 440/4 | €72,326 | €69,028 | -€3,299 | -4.6% |
| Advances received on contracts in progress | 46 | - | €182,320 | +€182,320 | |
| Taxes, remuneration and social security | 45 | €80,563 | €84,675 | +€4,112 | +5.1% |
| Taxes | 450/3 | €804 | €877 | +€73 | +9.1% |
| Remuneration and social security | 454/9 | €79,759 | €83,798 | +€4,039 | +5.1% |
| Other amounts payable | 47/48 | €901 | €901 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,200 | €4,200 | = | 0.0% |
| Non-recurring operating income | 76A | €5,692 | €0 | -€5,692 | -100.0% |
| Remuneration, social security and pensions | 62 | €735,188 | €645,988 | -€89,200 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,531 | €23,746 | -€37,785 | -61.4% |
| Other operating charges | 640/8 | €108,048 | €109,175 | +€1,128 | +1.0% |
| Gross operating margin | 9900 | €588,455 | €685,258 | +€96,803 | +16.5% |
| Operating profit (loss) | 9901 | -€316,312 | -€93,651 | +€222,661 | +70.4% |
| Financial income | 75/76B | €17 | €0 | -€17 | -100.0% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -100.0% |
| Financial charges | 65/66B | €2,980 | €2,817 | -€163 | -5.5% |
| Recurring financial charges | 65 | €2,980 | €2,817 | -€163 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€319,275 | -€96,467 | +€222,808 | +69.8% |
| Income taxes | 67/77 | €426 | €415 | -€11 | -2.5% |
| Profit (loss) for the period | 9904 | -€319,701 | -€96,882 | +€222,819 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€319,701 | -€96,882 | +€222,819 | +69.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.