Argus Tattoo: 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 Tattoo
Largest movements
- Current investments +€12,198
up €12,198 (+30.4%), from €40,099 to €52,297
- Tangible fixed assets -€8,043
down €8,043 (-5.4%), from €147,618 to €139,575
of which Land and buildings: -€5,769
- Cash -€7,996
down €7,996 (-37.5%), from €21,306 to €13,310
mainly Current investments (-€12,198) and Debts after one year (-€8,876)
- Deferred charges and accrued income -€4,371
down €4,371 (-71.2%), from €6,139 to €1,768
- Receivables within one year -€4,179
down €4,179 (-99.0%), from €4,219 to €41
- Short-term financial debts +€8,894
new in 2025: €8,894
- Debts after one year -€8,876
down €8,876 (-8.5%), from €104,578 to €95,701
- Current portion of long-term debt -€8,729
no longer reported in 2025 (was €8,729)
- Other debts -€3,755
down €3,755 (-22.3%), from €16,813 to €13,059
- Depreciation +€8,043
new in 2025: €8,043
- Taxes -€1,693
down €1,693 (-85.5%), from €1,981 to €288
- Financial charges -€1,045
down €1,045 (-35.4%), from €2,954 to €1,909
- Gross operating margin -€789
down €789 (-4.7%), from €16,814 to €16,024
- Other operating charges +€683
up €683 (+16.2%), from €4,207 to €4,890
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 | €221,200 | €208,660 | -€12,540 | -5.7% |
| Fixed assets | 21/28 | €147,618 | €139,575 | -€8,043 | -5.4% |
| Tangible fixed assets | 22/27 | €147,618 | €139,575 | -€8,043 | -5.4% |
| Land and buildings | 22 | €142,144 | €136,375 | -€5,769 | -4.1% |
| Plant, machinery and equipment | 23 | €5,450 | €3,200 | -€2,251 | -41.3% |
| Furniture and vehicles | 24 | €24 | - | -€24 | |
| Current assets | 29/58 | €73,582 | €69,085 | -€4,497 | -6.1% |
| Stocks and contracts in progress | 3 | €1,820 | €1,670 | -€150 | -8.2% |
| Stocks | 30/36 | €1,820 | €1,670 | -€150 | -8.2% |
| Amounts receivable within one year | 40/41 | €4,219 | €41 | -€4,179 | -99.0% |
| Other amounts receivable | 41 | €4,219 | €41 | -€4,179 | -99.0% |
| Current investments | 50/53 | €40,099 | €52,297 | +€12,198 | +30.4% |
| Cash at bank and in hand | 54/58 | €21,306 | €13,310 | -€7,996 | -37.5% |
| Deferred charges and accrued income | 490/1 | €6,139 | €1,768 | -€4,371 | -71.2% |
| Total equity and liabilities | 10/49 | €221,200 | €208,660 | -€12,540 | -5.7% |
| Equity | 10/15 | €76,092 | €77,156 | +€1,064 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,385 | €39,385 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,525 | €37,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,107 | €19,171 | +€1,064 | +5.9% |
| Amounts payable | 17/49 | €145,109 | €131,504 | -€13,605 | -9.4% |
| Amounts payable after more than one year | 17 | €104,578 | €95,701 | -€8,876 | -8.5% |
| Financial debts | 170/4 | €104,578 | €95,701 | -€8,876 | -8.5% |
| Amounts payable within one year | 42/48 | €40,526 | €35,802 | -€4,724 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €8,729 | - | -€8,729 | |
| Financial debts | 43 | - | €8,894 | +€8,894 | |
| Credit institutions | 430/8 | - | €8,894 | +€8,894 | |
| Trade debts | 44 | €11,958 | €10,562 | -€1,397 | -11.7% |
| Suppliers | 440/4 | €11,958 | €10,562 | -€1,397 | -11.7% |
| Taxes, remuneration and social security | 45 | €3,026 | €3,288 | +€262 | +8.6% |
| Taxes | 450/3 | €3,026 | €3,288 | +€262 | +8.6% |
| Other amounts payable | 47/48 | €16,813 | €13,059 | -€3,755 | -22.3% |
| Accrued charges and deferred income | 492/3 | €4 | - | -€4 | |
| Remuneration, social security and pensions | 62 | €90 | - | -€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,043 | +€8,043 | |
| Other operating charges | 640/8 | €4,207 | €4,890 | +€683 | +16.2% |
| Gross operating margin | 9900 | €16,814 | €16,024 | -€789 | -4.7% |
| Operating profit (loss) | 9901 | €12,517 | €3,091 | -€9,426 | -75.3% |
| Financial income | 75/76B | €5 | €170 | +€165 | +3,556% |
| Recurring financial income | 75 | €5 | €170 | +€165 | +3,556% |
| Financial charges | 65/66B | €2,954 | €1,909 | -€1,045 | -35.4% |
| Recurring financial charges | 65 | €2,954 | €1,909 | -€1,045 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €9,568 | €1,352 | -€8,215 | -85.9% |
| Income taxes | 67/77 | €1,981 | €288 | -€1,693 | -85.5% |
| Profit (loss) for the period | 9904 | €7,587 | €1,064 | -€6,523 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,587 | €1,064 | -€6,523 | -86.0% |
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 18 October 2026 via checked.be.