ARGUS VERZEKERINGEN: 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 VERZEKERINGEN
Largest movements
- Cash -€114,657
down €114,657 (-69.2%), from €165,648 to €50,991
mainly Contributions, distributions and other (-€89,463) and Current investments (-€86,359)
- Current investments +€86,359
up €86,359 (+192%), from €45,000 to €131,359
- Deferred charges and accrued income -€4,314
down €4,314 (-58.7%), from €7,344 to €3,031
- Other debts -€22,588
down €22,588 (-19.9%), from €113,308 to €90,720
- Trade debts -€6,453
down €6,453 (-18.1%), from €35,702 to €29,249
- Tax, wage and social debts -€5,473
no longer reported in 2025 (was €5,473)
- Gross operating margin -€28,442
down €28,442 (-19.6%), from €145,204 to €116,763
- Taxes -€7,525
down €7,525 (-20.1%), from €37,345 to €29,820
- Financial income -€2,093
down €2,093 (-36.6%), from €5,723 to €3,629
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 | €222,688 | €188,173 | -€34,515 | -15.5% |
| Fixed assets | 21/28 | €25 | €25 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €222,663 | €188,149 | -€34,515 | -15.5% |
| Amounts receivable within one year | 40/41 | €4,671 | €2,768 | -€1,903 | -40.7% |
| Other amounts receivable | 41 | €4,671 | €2,768 | -€1,903 | -40.7% |
| Current investments | 50/53 | €45,000 | €131,359 | +€86,359 | +192% |
| Cash at bank and in hand | 54/58 | €165,648 | €50,991 | -€114,657 | -69.2% |
| Deferred charges and accrued income | 490/1 | €7,344 | €3,031 | -€4,314 | -58.7% |
| Total equity and liabilities | 10/49 | €222,688 | €188,173 | -€34,515 | -15.5% |
| Equity | 10/15 | €68,205 | €68,204 | -€1 | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €0 | €0 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5 | €4 | -€1 | -21.6% |
| Amounts payable | 17/49 | €154,483 | €119,969 | -€34,514 | -22.3% |
| Amounts payable within one year | 42/48 | €154,483 | €119,969 | -€34,514 | -22.3% |
| Trade debts | 44 | €35,702 | €29,249 | -€6,453 | -18.1% |
| Suppliers | 440/4 | €35,702 | €29,249 | -€6,453 | -18.1% |
| Taxes, remuneration and social security | 45 | €5,473 | - | -€5,473 | |
| Taxes | 450/3 | €5,473 | - | -€5,473 | |
| Other amounts payable | 47/48 | €113,308 | €90,720 | -€22,588 | -19.9% |
| Other operating charges | 640/8 | €886 | €450 | -€436 | -49.2% |
| Gross operating margin | 9900 | €145,204 | €116,763 | -€28,442 | -19.6% |
| Operating profit (loss) | 9901 | €144,318 | €116,313 | -€28,006 | -19.4% |
| Financial income | 75/76B | €5,723 | €3,629 | -€2,093 | -36.6% |
| Recurring financial income | 75 | €5,723 | €3,629 | -€2,093 | -36.6% |
| Financial charges | 65/66B | €659 | €660 | +€1 | +0.2% |
| Recurring financial charges | 65 | €659 | €660 | +€1 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €149,382 | €119,282 | -€30,100 | -20.1% |
| Income taxes | 67/77 | €37,345 | €29,820 | -€7,525 | -20.1% |
| Profit (loss) for the period | 9904 | €112,036 | €89,461 | -€22,575 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €112,036 | €89,461 | -€22,575 | -20.1% |
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 24 October 2026 via checked.be.