IMMO ARGENTO: what changed
Two fiscal 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.
IMMO ARGENTO
Largest movements
- Tangible fixed assets +€407,260
up €407,260 (+96.4%), from €422,554 to €829,814
of which Land and buildings: +€408,717
- Cash +€102,560
up €102,560 (+47.2%), from €217,468 to €320,029
mainly Other debts (+€564,502) and Depreciation (+€28,096)
- Other debts +€564,502
up €564,502 (+1301.7%), from €43,365 to €607,867
- Debts after one year -€40,610
down €40,610 (-55.0%), from €73,790 to €33,180
- Advances received +€26,730
new in 2025: €26,730
- Reserves -€18,905
down €18,905 (-2.9%), from €651,671 to €632,766
- Depreciation +€11,961
up €11,961 (+74.1%), from €16,135 to €28,096
- Gross operating margin +€11,378
up €11,378, from -€5,812 to €5,567
- Other operating charges +€1,443
up €1,443 (+1696.1%), from €85 to €1,529
- Taxes -€843
down €843, from €793 to -€50
- Financial income -€602
down €602 (-8.1%), from €7,412 to €6,810
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.
Cash bridge derived
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 | €825,191 | €1,355,732 | +€530,541 | +64.3% |
| Fixed assets | 21/28 | €422,554 | €829,814 | +€407,260 | +96.4% |
| Tangible fixed assets | 22/27 | €422,554 | €829,814 | +€407,260 | +96.4% |
| Land and buildings | 22 | €420,409 | €829,127 | +€408,717 | +97.2% |
| Plant, machinery and equipment | 23 | €1,266 | €214 | -€1,052 | -83.1% |
| Furniture and vehicles | 24 | €775 | €473 | -€301 | -38.9% |
| Other tangible fixed assets | 26 | €104 | €0 | -€104 | -100.0% |
| Current assets | 29/58 | €402,636 | €525,918 | +€123,282 | +30.6% |
| Amounts receivable after more than one year | 29 | €159,000 | €159,000 | = | 0.0% |
| Other amounts receivable | 291 | €159,000 | €159,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,010 | €12,731 | +€11,721 | +1161.0% |
| Other amounts receivable | 41 | €1,010 | €12,731 | +€11,721 | +1161.0% |
| Current investments | 50/53 | €25,158 | €34,158 | +€9,000 | +35.8% |
| Cash at bank and in hand | 54/58 | €217,468 | €320,029 | +€102,560 | +47.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €825,191 | €1,355,732 | +€530,541 | +64.3% |
| Equity | 10/15 | €666,171 | €647,266 | -€18,905 | -2.8% |
| Contributions | 10/11 | €14,500 | €14,500 | = | 0.0% |
| Reserves | 13 | €651,671 | €632,766 | -€18,905 | -2.9% |
| Distributable reserves | 133 | €651,671 | €632,766 | -€18,905 | -2.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €159,020 | €708,466 | +€549,446 | +345.5% |
| Amounts payable after more than one year | 17 | €73,790 | €33,180 | -€40,610 | -55.0% |
| Financial debts | 170/4 | €73,790 | €33,180 | -€40,610 | -55.0% |
| Amounts payable within one year | 42/48 | €85,230 | €675,286 | +€590,056 | +692.3% |
| Current portion of amounts payable after more than one year | 42 | €40,385 | €40,610 | +€225 | +0.6% |
| Trade debts | 44 | €1,457 | €78 | -€1,378 | -94.6% |
| Suppliers | 440/4 | €1,457 | €78 | -€1,378 | -94.6% |
| Advances received on contracts in progress | 46 | - | €26,730 | +€26,730 | |
| Taxes, remuneration and social security | 45 | €23 | €0 | -€23 | -100.0% |
| Taxes | 450/3 | €23 | €0 | -€23 | -100.0% |
| Other amounts payable | 47/48 | €43,365 | €607,867 | +€564,502 | +1301.7% |
| Non-recurring operating income | 76A | €1,085 | €19,824 | +€18,739 | +1727.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,135 | €28,096 | +€11,961 | +74.1% |
| Other operating charges | 640/8 | €85 | €1,529 | +€1,443 | +1696.1% |
| Non-recurring operating charges | 66A | €3,100 | €0 | -€3,100 | -100.0% |
| Gross operating margin | 9900 | -€5,812 | €5,567 | +€11,378 | |
| Operating profit (loss) | 9901 | -€25,132 | -€24,058 | +€1,074 | +4.3% |
| Financial income | 75/76B | €7,412 | €6,810 | -€602 | -8.1% |
| Recurring financial income | 75 | €7,412 | €6,810 | -€602 | -8.1% |
| Financial charges | 65/66B | €2,054 | €1,707 | -€347 | -16.9% |
| Recurring financial charges | 65 | €2,054 | €1,707 | -€347 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,774 | -€18,955 | +€819 | +4.1% |
| Income taxes | 67/77 | €793 | -€50 | -€843 | |
| Profit (loss) for the period | 9904 | -€20,566 | -€18,905 | +€1,662 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,566 | -€18,905 | +€1,662 | +8.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.