DE ARGENTINA: 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.
DE ARGENTINA
Largest movements
- Cash +€46,721
up €46,721 (+33.2%), from €140,845 to €187,566
mainly Net result for the year (+€44,243) and Receivables within one year (+€19,650)
- Receivables within one year -€19,650
down €19,650 (-68.4%), from €28,749 to €9,098
of which Trade receivables: -€19,463
- Tangible fixed assets -€7,064
down €7,064 (-14.4%), from €49,190 to €42,127
of which Plant, machinery and equipment: -€3,664
- Reserves +€40,112
up €40,112 (+29.8%), from €134,581 to €174,693
- Debts after one year -€13,623
down €13,623 (-28.4%), from €47,903 to €34,279
- Short-term financial debts -€3,923
down €3,923 (-100.0%), from €3,924 to €1
- Tax, wage and social debts -€3,040
down €3,040 (-32.8%), from €9,261 to €6,222
- Gross operating margin +€11,256
up €11,256 (+18.5%), from €60,978 to €72,233
- Taxes +€4,006
up €4,006 (+29.7%), from €13,498 to €17,504
- Depreciation -€2,020
down €2,020 (-22.2%), from €9,084 to €7,064
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 | €219,924 | €239,985 | +€20,060 | +9.1% |
| Fixed assets | 21/28 | €49,190 | €42,127 | -€7,064 | -14.4% |
| Tangible fixed assets | 22/27 | €49,190 | €42,127 | -€7,064 | -14.4% |
| Land and buildings | 22 | €40,800 | €37,400 | -€3,400 | -8.3% |
| Plant, machinery and equipment | 23 | €8,390 | €4,727 | -€3,664 | -43.7% |
| Current assets | 29/58 | €170,734 | €197,858 | +€27,124 | +15.9% |
| Amounts receivable within one year | 40/41 | €28,749 | €9,098 | -€19,650 | -68.4% |
| Trade receivables | 40 | €28,548 | €9,085 | -€19,463 | -68.2% |
| Other amounts receivable | 41 | €200 | €14 | -€187 | -93.2% |
| Cash at bank and in hand | 54/58 | €140,845 | €187,566 | +€46,721 | +33.2% |
| Deferred charges and accrued income | 490/1 | €1,141 | €1,193 | +€53 | +4.6% |
| Total equity and liabilities | 10/49 | €219,924 | €239,985 | +€20,060 | +9.1% |
| Equity | 10/15 | €153,181 | €193,293 | +€40,112 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,581 | €174,693 | +€40,112 | +29.8% |
| Distributable reserves | 133 | €134,581 | €174,693 | +€40,112 | +29.8% |
| Amounts payable | 17/49 | €66,744 | €46,692 | -€20,052 | -30.0% |
| Amounts payable after more than one year | 17 | €47,903 | €34,279 | -€13,623 | -28.4% |
| Financial debts | 170/4 | €47,903 | €34,279 | -€13,623 | -28.4% |
| Amounts payable within one year | 42/48 | €18,841 | €12,412 | -€6,429 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €4,540 | €4,623 | +€83 | +1.8% |
| Financial debts | 43 | €3,924 | €1 | -€3,923 | -100.0% |
| Credit institutions | 430/8 | €3,924 | €1 | -€3,923 | -100.0% |
| Trade debts | 44 | €516 | €1,428 | +€912 | +177% |
| Suppliers | 440/4 | €516 | €1,428 | +€912 | +177% |
| Taxes, remuneration and social security | 45 | €9,261 | €6,222 | -€3,040 | -32.8% |
| Taxes | 450/3 | €9,261 | €6,222 | -€3,040 | -32.8% |
| Other amounts payable | 47/48 | €600 | €138 | -€462 | -77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,084 | €7,064 | -€2,020 | -22.2% |
| Other operating charges | 640/8 | €1,705 | €1,596 | -€109 | -6.4% |
| Gross operating margin | 9900 | €60,978 | €72,233 | +€11,256 | +18.5% |
| Operating profit (loss) | 9901 | €50,188 | €63,574 | +€13,385 | +26.7% |
| Financial charges | 65/66B | €2,075 | €1,826 | -€249 | -12.0% |
| Recurring financial charges | 65 | €2,075 | €1,826 | -€249 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €48,113 | €61,747 | +€13,634 | +28.3% |
| Income taxes | 67/77 | €13,498 | €17,504 | +€4,006 | +29.7% |
| Profit (loss) for the period | 9904 | €34,615 | €44,243 | +€9,628 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,615 | €44,243 | +€9,628 | +27.8% |
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 14 October 2026 via checked.be.