ARGYL: 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.
ARGYL
Largest movements
- Receivables within one year -€78,776
down €78,776 (-79.1%), from €99,638 to €20,862
of which Trade receivables: -€82,904
- Stocks and contracts +€75,281
new in 2025: €75,281
- Cash +€15,273
up €15,273 (+222%), from €6,880 to €22,153
mainly Advances received (+€118,648) and Receivables within one year (+€78,776)
- Deferred charges and accrued income +€8,301
new in 2025: €8,301
- Tangible fixed assets +€6,874
up €6,874 (+123%), from €5,600 to €12,474
- Advances received +€118,648
new in 2025: €118,648
- Trade debts -€67,233
down €67,233 (-68.0%), from €98,828 to €31,595
- Contributions -€18,000
down €18,000 (-96.8%), from €18,600 to €600
- Profit (loss) carried forward +€9,514
up €9,514 (+34.2%), from -€27,834 to -€18,320
- Tax, wage and social debts -€9,061
down €9,061 (-58.0%), from €15,609 to €6,548
- Gross operating margin -€35,856
down €35,856 (-66.3%), from €54,065 to €18,209
- Taxes -€9,159
down €9,159 (-58.8%), from €15,581 to €6,422
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 | €112,118 | €139,071 | +€26,953 | +24.0% |
| Fixed assets | 21/28 | €5,600 | €12,474 | +€6,874 | +123% |
| Tangible fixed assets | 22/27 | €5,600 | €12,474 | +€6,874 | +123% |
| Furniture and vehicles | 24 | €5,600 | €12,474 | +€6,874 | +123% |
| Current assets | 29/58 | €106,518 | €126,597 | +€20,079 | +18.9% |
| Stocks and contracts in progress | 3 | - | €75,281 | +€75,281 | |
| Contracts in progress | 37 | - | €75,281 | +€75,281 | |
| Amounts receivable within one year | 40/41 | €99,638 | €20,862 | -€78,776 | -79.1% |
| Trade receivables | 40 | €96,529 | €13,625 | -€82,904 | -85.9% |
| Other amounts receivable | 41 | €3,109 | €7,237 | +€4,128 | +133% |
| Cash at bank and in hand | 54/58 | €6,880 | €22,153 | +€15,273 | +222% |
| Deferred charges and accrued income | 490/1 | - | €8,301 | +€8,301 | |
| Total equity and liabilities | 10/49 | €112,118 | €139,071 | +€26,953 | +24.0% |
| Equity | 10/15 | -€9,234 | -€17,720 | -€8,486 | -91.9% |
| Contributions | 10/11 | €18,600 | €600 | -€18,000 | -96.8% |
| Profit (loss) carried forward | 14 | -€27,834 | -€18,320 | +€9,514 | +34.2% |
| Amounts payable | 17/49 | €121,352 | €156,791 | +€35,439 | +29.2% |
| Amounts payable within one year | 42/48 | €121,352 | €156,791 | +€35,439 | +29.2% |
| Trade debts | 44 | €98,828 | €31,595 | -€67,233 | -68.0% |
| Suppliers | 440/4 | €98,828 | €31,595 | -€67,233 | -68.0% |
| Advances received on contracts in progress | 46 | - | €118,648 | +€118,648 | |
| Taxes, remuneration and social security | 45 | €15,609 | €6,548 | -€9,061 | -58.0% |
| Taxes | 450/3 | €15,609 | €6,548 | -€9,061 | -58.0% |
| Other amounts payable | 47/48 | €6,915 | - | -€6,915 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,400 | €1,400 | = | 0.0% |
| Other operating charges | 640/8 | €1,002 | €725 | -€277 | -27.6% |
| Gross operating margin | 9900 | €54,065 | €18,209 | -€35,856 | -66.3% |
| Operating profit (loss) | 9901 | €51,663 | €16,084 | -€35,579 | -68.9% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €26 | €172 | +€146 | +562% |
| Recurring financial charges | 65 | €26 | €172 | +€146 | +562% |
| Profit (loss) for the period before taxes | 9903 | €51,637 | €15,936 | -€35,701 | -69.1% |
| Income taxes | 67/77 | €15,581 | €6,422 | -€9,159 | -58.8% |
| Profit (loss) for the period | 9904 | €36,056 | €9,514 | -€26,542 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,056 | €9,514 | -€26,542 | -73.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.