ARGUS: 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.
ARGUS
Largest movements
- Receivables within one year -€13,826
down €13,826 (-76.1%), from €18,166 to €4,340
- Cash +€393
up €393 (+41.3%), from €953 to €1,346
mainly Receivables within one year (+€13,826)
- Debts after one year -€9,048
no longer reported in 2025 (was €9,048)
- Other debts -€1,477
no longer reported in 2025 (was €1,477)
- Profit (loss) carried forward -€1,402
down €1,402 (-1.6%), from -€86,564 to -€87,966
- Trade debts -€912
down €912 (-17.7%), from €5,150 to €4,237
- Tax, wage and social debts -€594
down €594 (-41.9%), from €1,417 to €823
- Gross operating margin -€9,646
down €9,646 (-77.1%), from €12,509 to €2,863
- Purchases and services -€3,850
down €3,850 (-17.5%), from €21,966 to €18,116
- Other operating charges -€2,264
down €2,264 (-84.4%), from €2,684 to €420
- Taxes +€735
new in 2025: €735
- Financial charges -€683
down €683 (-43.3%), from €1,577 to €894
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.
Derived cash bridge
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 | €19,119 | €5,686 | -€13,433 | -70.3% |
| Current assets | 29/58 | €19,119 | €5,686 | -€13,433 | -70.3% |
| Amounts receivable within one year | 40/41 | €18,166 | €4,340 | -€13,826 | -76.1% |
| Other amounts receivable | 41 | €18,166 | €4,340 | -€13,826 | -76.1% |
| Cash at bank and in hand | 54/58 | €953 | €1,346 | +€393 | +41.3% |
| Total equity and liabilities | 10/49 | €19,119 | €5,686 | -€13,433 | -70.3% |
| Equity | 10/15 | €2,028 | €626 | -€1,402 | -69.1% |
| Contributions | 10/11 | €88,592 | €88,592 | = | 0.0% |
| Contributions outside capital | 11 | €88,592 | €88,592 | = | 0.0% |
| Other | 1109/19 | €88,592 | €88,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,564 | -€87,966 | -€1,402 | -1.6% |
| Amounts payable | 17/49 | €17,091 | €5,060 | -€12,031 | -70.4% |
| Amounts payable after more than one year | 17 | €9,048 | - | -€9,048 | |
| Financial debts | 170/4 | €9,048 | - | -€9,048 | |
| Amounts payable within one year | 42/48 | €8,044 | €5,060 | -€2,984 | -37.1% |
| Trade debts | 44 | €5,150 | €4,237 | -€912 | -17.7% |
| Suppliers | 440/4 | €5,150 | €4,237 | -€912 | -17.7% |
| Taxes, remuneration and social security | 45 | €1,417 | €823 | -€594 | -41.9% |
| Taxes | 450/3 | €1,417 | €823 | -€594 | -41.9% |
| Other amounts payable | 47/48 | €1,477 | - | -€1,477 | |
| Goods, raw materials, services and sundry goods | 60/61 | €21,966 | €18,116 | -€3,850 | -17.5% |
| Other operating charges | 640/8 | €2,684 | €420 | -€2,264 | -84.4% |
| Non-recurring operating charges | 66A | - | €2,217 | +€2,217 | |
| Gross operating margin | 9900 | €12,509 | €2,863 | -€9,646 | -77.1% |
| Operating profit (loss) | 9901 | €9,825 | €227 | -€9,598 | -97.7% |
| Financial charges | 65/66B | €1,577 | €894 | -€683 | -43.3% |
| Recurring financial charges | 65 | €1,577 | €894 | -€683 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €8,247 | -€667 | -€8,915 | |
| Income taxes | 67/77 | - | €735 | +€735 | |
| Profit (loss) for the period | 9904 | €8,247 | -€1,402 | -€9,649 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,247 | -€1,402 | -€9,649 |
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 25 October 2026 via checked.be.