ARGUS VASTGOED: 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 VASTGOED
Largest movements
- Tangible fixed assets -€4,827
down €4,827 (-8.4%), from €57,459 to €52,632
of which Land and buildings: -€4,622
- Deferred charges and accrued income +€1,575
new in 2025: €1,575
- Cash -€1,375
down €1,375 (-51.9%), from €2,648 to €1,273
mainly Net result for the year (-€4,124) and Deferred charges and accrued income (-€1,575)
- Profit (loss) carried forward -€4,124
down €4,124 (-13.7%), from -€30,104 to -€34,228
- Gross operating margin +€8,257
up €8,257, from -€4,230 to €4,027
- Depreciation -€2,706
down €2,706 (-35.9%), from €7,533 to €4,827
- Other operating charges +€1,210
up €1,210 (+57.2%), from €2,114 to €3,324
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 | €63,170 | €58,043 | -€5,127 | -8.1% |
| Fixed assets | 21/28 | €57,459 | €52,632 | -€4,827 | -8.4% |
| Tangible fixed assets | 22/27 | €57,459 | €52,632 | -€4,827 | -8.4% |
| Land and buildings | 22 | €56,894 | €52,272 | -€4,622 | -8.1% |
| Furniture and vehicles | 24 | €565 | €360 | -€205 | -36.3% |
| Current assets | 29/58 | €5,711 | €5,411 | -€300 | -5.3% |
| Stocks and contracts in progress | 3 | €1,641 | €1,641 | = | 0.0% |
| Stocks | 30/36 | €1,641 | €1,641 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,422 | €922 | -€500 | -35.2% |
| Other amounts receivable | 41 | €1,422 | €922 | -€500 | -35.2% |
| Cash at bank and in hand | 54/58 | €2,648 | €1,273 | -€1,375 | -51.9% |
| Deferred charges and accrued income | 490/1 | - | €1,575 | +€1,575 | |
| Total equity and liabilities | 10/49 | €63,170 | €58,043 | -€5,127 | -8.1% |
| Equity | 10/15 | €51,740 | €47,616 | -€4,124 | -8.0% |
| Contributions | 10/11 | €74,367 | €74,367 | = | 0.0% |
| Capital | 10 | €74,367 | €74,367 | = | 0.0% |
| Issued capital | 100 | €74,367 | €74,367 | = | 0.0% |
| Reserves | 13 | €7,477 | €7,477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,477 | €7,477 | = | 0.0% |
| Legal reserve | 130 | €6,742 | €6,742 | = | 0.0% |
| Other | 1319 | €735 | €735 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,104 | -€34,228 | -€4,124 | -13.7% |
| Amounts payable | 17/49 | €11,430 | €10,427 | -€1,003 | -8.8% |
| Amounts payable after more than one year | 17 | €10,500 | €10,000 | -€500 | -4.8% |
| Other amounts payable | 178/9 | €10,500 | €10,000 | -€500 | -4.8% |
| Amounts payable within one year | 42/48 | €930 | €427 | -€503 | -54.1% |
| Other amounts payable | 47/48 | €930 | €427 | -€503 | -54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,533 | €4,827 | -€2,706 | -35.9% |
| Other operating charges | 640/8 | €2,114 | €3,324 | +€1,210 | +57.2% |
| Gross operating margin | 9900 | -€4,230 | €4,027 | +€8,257 | |
| Operating profit (loss) | 9901 | -€13,877 | -€4,124 | +€9,753 | +70.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,877 | -€4,124 | +€9,753 | +70.3% |
| Profit (loss) for the period | 9904 | -€13,877 | -€4,124 | +€9,753 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,877 | -€4,124 | +€9,753 | +70.3% |
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 17 October 2026 via checked.be.