AGAA: 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.
AGAA
Largest movements
- Financial fixed assets +€300,000
new in 2025: €300,000
- Tangible fixed assets -€38,935
down €38,935 (-37.4%), from €104,173 to €65,238
of which Land and buildings: -€50,973
- Cash -€21,458
down €21,458 (-89.8%), from €23,894 to €2,436
mainly Investment in fixed assets (net) (-€315,813) and Receivables within one year (-€20,579)
- Receivables within one year +€20,579
up €20,579 (+276%), from €7,443 to €28,021
of which Trade receivables: +€19,137
- Debts after one year +€209,497
up €209,497 (+514%), from €40,762 to €250,259
- Current portion of long-term debt +€43,716
up €43,716 (+87.6%), from €49,926 to €93,642
- Tax, wage and social debts +€4,426
up €4,426 (+85.5%), from €5,178 to €9,604
of which Taxes: +€7,384
- Gross operating margin -€136,355
down €136,355 (-67.9%), from €200,782 to €64,426
- Staff costs -€117,461
down €117,461, from €108,822 to -€8,639
- Other operating charges -€2,829
down €2,829 (-24.9%), from €11,357 to €8,528
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 | €135,510 | €396,326 | +€260,816 | +192% |
| Fixed assets | 21/28 | €104,173 | €365,238 | +€261,065 | +251% |
| Tangible fixed assets | 22/27 | €104,173 | €65,238 | -€38,935 | -37.4% |
| Land and buildings | 22 | €93,728 | €42,755 | -€50,973 | -54.4% |
| Plant, machinery and equipment | 23 | €1,792 | €1,193 | -€598 | -33.4% |
| Furniture and vehicles | 24 | €8,654 | €21,290 | +€12,636 | +146% |
| Financial fixed assets | 28 | - | €300,000 | +€300,000 | |
| Current assets | 29/58 | €31,336 | €31,088 | -€249 | -0.8% |
| Amounts receivable within one year | 40/41 | €7,443 | €28,021 | +€20,579 | +276% |
| Trade receivables | 40 | €6,743 | €25,880 | +€19,137 | +284% |
| Other amounts receivable | 41 | €700 | €2,141 | +€1,441 | +206% |
| Cash at bank and in hand | 54/58 | €23,894 | €2,436 | -€21,458 | -89.8% |
| Deferred charges and accrued income | 490/1 | - | €631 | +€631 | |
| Total equity and liabilities | 10/49 | €135,510 | €396,326 | +€260,816 | +192% |
| Equity | 10/15 | €28,593 | €31,857 | +€3,264 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,493 | €12,757 | +€3,264 | +34.4% |
| Amounts payable | 17/49 | €106,917 | €364,469 | +€257,552 | +241% |
| Amounts payable after more than one year | 17 | €40,762 | €250,259 | +€209,497 | +514% |
| Financial debts | 170/4 | €40,762 | €250,259 | +€209,497 | +514% |
| Amounts payable within one year | 42/48 | €66,155 | €114,144 | +€47,989 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | €49,926 | €93,642 | +€43,716 | +87.6% |
| Trade debts | 44 | €10,646 | €6,974 | -€3,672 | -34.5% |
| Suppliers | 440/4 | €10,646 | €6,974 | -€3,672 | -34.5% |
| Taxes, remuneration and social security | 45 | €5,178 | €9,604 | +€4,426 | +85.5% |
| Taxes | 450/3 | €2,220 | €9,604 | +€7,384 | +333% |
| Remuneration and social security | 454/9 | €2,958 | - | -€2,958 | |
| Other amounts payable | 47/48 | €405 | €3,924 | +€3,520 | +869% |
| Accrued charges and deferred income | 492/3 | - | €65 | +€65 | |
| Non-recurring operating income | 76A | €73,131 | €9,245 | -€63,886 | -87.4% |
| Remuneration, social security and pensions | 62 | €108,822 | -€8,639 | -€117,461 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,235 | €54,748 | +€1,513 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,500 | +€1,500 | |
| Other operating charges | 640/8 | €11,357 | €8,528 | -€2,829 | -24.9% |
| Gross operating margin | 9900 | €200,782 | €64,426 | -€136,355 | -67.9% |
| Operating profit (loss) | 9901 | €27,368 | €8,290 | -€19,078 | -69.7% |
| Financial income | 75/76B | €259 | €5 | -€253 | -98.0% |
| Recurring financial income | 75 | €259 | €5 | -€253 | -98.0% |
| Financial charges | 65/66B | €3,268 | €4,811 | +€1,543 | +47.2% |
| Recurring financial charges | 65 | €3,268 | €4,811 | +€1,543 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €24,358 | €3,484 | -€20,874 | -85.7% |
| Income taxes | 67/77 | €77 | €220 | +€143 | +187% |
| Profit (loss) for the period | 9904 | €24,281 | €3,264 | -€21,017 | -86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,281 | €3,264 | -€21,017 | -86.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.