FINANCIERE ARGUIN: 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.
FINANCIERE ARGUIN
Largest movements
- Tangible fixed assets -€64,253
down €64,253 (-4.4%), from €1.5m to €1.4m
of which Land and buildings: -€63,273
- Debts after one year -€61,003
down €61,003 (-3.5%), from €1.7m to €1.7m
of which Financial debts: -€41,003
- Gross operating margin +€25,621
up €25,621 (+34.2%), from €74,987 to €100,608
- Depreciation +€1,723
up €1,723 (+2.4%), from €72,543 to €74,266
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 | €1,470,691 | €1,421,564 | -€49,128 | -3.3% |
| Fixed assets | 21/28 | €1,461,814 | €1,397,561 | -€64,253 | -4.4% |
| Tangible fixed assets | 22/27 | €1,461,814 | €1,397,561 | -€64,253 | -4.4% |
| Land and buildings | 22 | €1,455,956 | €1,392,683 | -€63,273 | -4.3% |
| Furniture and vehicles | 24 | €3,000 | €2,250 | -€750 | -25.0% |
| Other tangible fixed assets | 26 | €2,859 | €2,628 | -€230 | -8.1% |
| Current assets | 29/58 | €8,877 | €24,002 | +€15,125 | +170% |
| Amounts receivable within one year | 40/41 | - | €9,146 | +€9,146 | |
| Trade receivables | 40 | - | €9,146 | +€9,146 | |
| Cash at bank and in hand | 54/58 | €8,054 | €14,027 | +€5,973 | +74.2% |
| Deferred charges and accrued income | 490/1 | €823 | €828 | +€6 | +0.7% |
| Total equity and liabilities | 10/49 | €1,470,691 | €1,421,564 | -€49,128 | -3.3% |
| Equity | 10/15 | -€300,299 | -€287,638 | +€12,661 | +4.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€330,299 | -€317,638 | +€12,661 | +3.8% |
| Amounts payable | 17/49 | €1,770,990 | €1,709,201 | -€61,789 | -3.5% |
| Amounts payable after more than one year | 17 | €1,728,203 | €1,667,200 | -€61,003 | -3.5% |
| Financial debts | 170/4 | €285,769 | €244,766 | -€41,003 | -14.3% |
| Other amounts payable | 178/9 | €1,442,434 | €1,422,434 | -€20,000 | -1.4% |
| Amounts payable within one year | 42/48 | €42,787 | €42,002 | -€786 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €40,185 | €41,003 | +€818 | +2.0% |
| Trade debts | 44 | €709 | €998 | +€289 | +40.8% |
| Suppliers | 440/4 | €709 | €998 | +€289 | +40.8% |
| Other amounts payable | 47/48 | €1,893 | - | -€1,893 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,543 | €74,266 | +€1,723 | +2.4% |
| Other operating charges | 640/8 | €7,515 | €7,245 | -€269 | -3.6% |
| Gross operating margin | 9900 | €74,987 | €100,608 | +€25,621 | +34.2% |
| Operating profit (loss) | 9901 | -€5,071 | €19,097 | +€24,168 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,209 | €6,436 | -€773 | -10.7% |
| Recurring financial charges | 65 | €7,209 | €6,436 | -€773 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,280 | €12,661 | +€24,941 | |
| Profit (loss) for the period | 9904 | -€12,280 | €12,661 | +€24,941 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,280 | €12,661 | +€24,941 |
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 17 October 2026 via checked.be.