ISTVAN ARGAY: 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.
ISTVAN ARGAY
Largest movements
- Cash +€11,567
up €11,567 (+49.9%), from €23,170 to €34,738
mainly Net result for the year (+€20,103)
- Receivables within one year +€2,674
up €2,674 (+15.2%), from €17,609 to €20,283
of which Trade receivables: +€5,949
- Deferred charges and accrued income +€953
new in 2025: €953
- Reserves +€20,103
up €20,103 (+105%), from €19,074 to €39,177
- Tax, wage and social debts -€2,787
down €2,787 (-28.4%), from €9,825 to €7,038
- Other debts -€1,666
no longer reported in 2025 (was €1,666)
- Gross operating margin +€10,401
up €10,401 (+39.2%), from €26,522 to €36,923
- Other operating charges +€6,600
new in 2025: €6,600
- Taxes +€3,118
up €3,118 (+53.9%), from €5,786 to €8,904
- Financial charges +€1,291
up €1,291 (+530%), from €244 to €1,535
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 | €40,779 | €55,973 | +€15,194 | +37.3% |
| Current assets | 29/58 | €40,779 | €55,973 | +€15,194 | +37.3% |
| Amounts receivable within one year | 40/41 | €17,609 | €20,283 | +€2,674 | +15.2% |
| Trade receivables | 40 | €12,100 | €18,049 | +€5,949 | +49.2% |
| Other amounts receivable | 41 | €5,509 | €2,234 | -€3,274 | -59.4% |
| Cash at bank and in hand | 54/58 | €23,170 | €34,738 | +€11,567 | +49.9% |
| Deferred charges and accrued income | 490/1 | - | €953 | +€953 | |
| Total equity and liabilities | 10/49 | €40,779 | €55,973 | +€15,194 | +37.3% |
| Equity | 10/15 | €28,074 | €48,177 | +€20,103 | +71.6% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €19,074 | €39,177 | +€20,103 | +105% |
| Distributable reserves | 133 | €19,074 | €39,177 | +€20,103 | +105% |
| Amounts payable | 17/49 | €12,705 | €7,796 | -€4,909 | -38.6% |
| Amounts payable within one year | 42/48 | €12,705 | €7,796 | -€4,909 | -38.6% |
| Trade debts | 44 | €1,214 | €758 | -€456 | -37.6% |
| Suppliers | 440/4 | €1,214 | €758 | -€456 | -37.6% |
| Taxes, remuneration and social security | 45 | €9,825 | €7,038 | -€2,787 | -28.4% |
| Taxes | 450/3 | €9,825 | €7,038 | -€2,787 | -28.4% |
| Other amounts payable | 47/48 | €1,666 | - | -€1,666 | |
| Other operating charges | 640/8 | - | €6,600 | +€6,600 | |
| Gross operating margin | 9900 | €26,522 | €36,923 | +€10,401 | +39.2% |
| Operating profit (loss) | 9901 | €26,522 | €30,322 | +€3,800 | +14.3% |
| Financial income | 75/76B | €247 | €220 | -€27 | -11.0% |
| Recurring financial income | 75 | €247 | €220 | -€27 | -11.0% |
| Financial charges | 65/66B | €244 | €1,535 | +€1,291 | +530% |
| Recurring financial charges | 65 | €244 | €1,535 | +€1,291 | +530% |
| Profit (loss) for the period before taxes | 9903 | €26,526 | €29,007 | +€2,482 | +9.4% |
| Income taxes | 67/77 | €5,786 | €8,904 | +€3,118 | +53.9% |
| Profit (loss) for the period | 9904 | €20,740 | €20,103 | -€637 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,740 | €20,103 | -€637 | -3.1% |
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 28 October 2026 via checked.be.