ARGUS AGENCY: 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 AGENCY
Largest movements
- Cash -€24,506
down €24,506 (-88.8%), from €27,605 to €3,100
mainly Other debts (-€40,124) and Current portion of long-term debt (-€26,049)
- Tangible fixed assets -€12,072
down €12,072 (-3.6%), from €336,720 to €324,648
- Receivables within one year +€6,136
up €6,136 (+23.9%), from €25,653 to €31,789
of which Trade receivables: +€6,136
- Other debts -€40,124
down €40,124 (-18.2%), from €220,107 to €179,984
- Current portion of long-term debt -€26,049
no longer reported in 2025 (was €26,049)
- Profit (loss) carried forward +€24,533
up €24,533 (+496%), from €4,951 to €29,484
- Tax, wage and social debts +€7,468
up €7,468 (+204%), from €3,666 to €11,134
- Gross operating margin +€13,387
up €13,387 (+31.4%), from €42,651 to €56,038
- Other operating charges -€5,263
down €5,263 (-58.5%), from €9,001 to €3,739
- Taxes +€3,764
up €3,764 (+4,704,863%), from €0 to €3,764
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 | €393,286 | €362,525 | -€30,761 | -7.8% |
| Fixed assets | 21/28 | €338,192 | €326,120 | -€12,072 | -3.6% |
| Tangible fixed assets | 22/27 | €336,720 | €324,648 | -€12,072 | -3.6% |
| Land and buildings | 22 | €336,720 | €324,648 | -€12,072 | -3.6% |
| Financial fixed assets | 28 | €1,472 | €1,472 | = | 0.0% |
| Current assets | 29/58 | €55,095 | €36,406 | -€18,689 | -33.9% |
| Amounts receivable within one year | 40/41 | €25,653 | €31,789 | +€6,136 | +23.9% |
| Trade receivables | 40 | €25,653 | €31,789 | +€6,136 | +23.9% |
| Other amounts receivable | 41 | €0 | - | -€0 | |
| Cash at bank and in hand | 54/58 | €27,605 | €3,100 | -€24,506 | -88.8% |
| Deferred charges and accrued income | 490/1 | €1,836 | €1,517 | -€319 | -17.4% |
| Total equity and liabilities | 10/49 | €393,286 | €362,525 | -€30,761 | -7.8% |
| Equity | 10/15 | €115,411 | €139,944 | +€24,533 | +21.3% |
| Contributions | 10/11 | €108,600 | €108,600 | = | 0.0% |
| Contributions outside capital | 11 | €108,600 | €108,600 | = | 0.0% |
| Other | 1109/19 | €108,600 | €108,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €4,951 | €29,484 | +€24,533 | +496% |
| Amounts payable | 17/49 | €277,876 | €222,581 | -€55,295 | -19.9% |
| Amounts payable after more than one year | 17 | €11,757 | €11,728 | -€29 | -0.2% |
| Financial debts | 170/4 | €11,757 | €11,728 | -€29 | -0.2% |
| Amounts payable within one year | 42/48 | €261,251 | €204,400 | -€56,851 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €26,049 | - | -€26,049 | |
| Trade debts | 44 | €11,429 | €13,283 | +€1,854 | +16.2% |
| Suppliers | 440/4 | €11,429 | €13,283 | +€1,854 | +16.2% |
| Taxes, remuneration and social security | 45 | €3,666 | €11,134 | +€7,468 | +204% |
| Taxes | 450/3 | €3,666 | €11,134 | +€7,468 | +204% |
| Other amounts payable | 47/48 | €220,107 | €179,984 | -€40,124 | -18.2% |
| Accrued charges and deferred income | 492/3 | €4,867 | €6,453 | +€1,586 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,470 | €13,541 | +€71 | +0.5% |
| Other operating charges | 640/8 | €9,001 | €3,739 | -€5,263 | -58.5% |
| Gross operating margin | 9900 | €42,651 | €56,038 | +€13,387 | +31.4% |
| Operating profit (loss) | 9901 | €20,179 | €38,758 | +€18,579 | +92.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €10,083 | €10,461 | +€378 | +3.8% |
| Recurring financial charges | 65 | €10,083 | €10,461 | +€378 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €10,097 | €28,297 | +€18,200 | +180% |
| Income taxes | 67/77 | €0 | €3,764 | +€3,764 | +4,704,863% |
| Profit (loss) for the period | 9904 | €10,097 | €24,533 | +€14,436 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €10,097 | €24,533 | +€14,436 | +143% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.