Agaat: 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.
Agaat
Largest movements
- Cash -€229,897
down €229,897 (-77.1%), from €298,277 to €68,380
mainly Investment in fixed assets (net) (-€384,557) and Trade debts (-€317,714)
- Tangible fixed assets +€195,913
up €195,913 (+9.9%), from €2.0m to €2.2m
- Receivables within one year -€182,468
down €182,468 (-9.5%), from €1.9m to €1.7m
of which Trade receivables: -€438,529
- Other debts +€397,388
up €397,388 (+15213.9%), from €2,612 to €400,000
- Trade debts -€317,714
down €317,714 (-65.7%), from €483,868 to €166,154
- Tax, wage and social debts -€171,423
down €171,423 (-85.6%), from €200,258 to €28,835
of which Taxes: -€166,320
- Debts after one year -€133,818
down €133,818 (-9.8%), from €1.4m to €1.2m
- Financial income -€907,468
down €907,468 (-100.0%), from €907,468 to €0
- Gross operating margin -€67,029
down €67,029 (-9.8%), from €682,320 to €615,291
- Taxes -€42,069
down €42,069, from €26,821 to -€15,248
- Staff costs -€35,203
down €35,203 (-8.2%), from €428,536 to €393,333
- Other operating charges -€10,470
down €10,470 (-89.7%), from €11,677 to €1,207
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,070,864 | €4,832,724 | -€238,140 | -4.7% |
| Fixed assets | 21/28 | €2,809,966 | €2,990,437 | +€180,471 | +6.4% |
| Tangible fixed assets | 22/27 | €1,980,977 | €2,176,890 | +€195,913 | +9.9% |
| Furniture and vehicles | 24 | €1,980,977 | €2,176,890 | +€195,913 | +9.9% |
| Financial fixed assets | 28 | €828,989 | €813,546 | -€15,443 | -1.9% |
| Current assets | 29/58 | €2,260,898 | €1,842,288 | -€418,610 | -18.5% |
| Stocks and contracts in progress | 3 | €32,061 | €30,906 | -€1,155 | -3.6% |
| Stocks | 30/36 | €32,061 | €30,906 | -€1,155 | -3.6% |
| Amounts receivable within one year | 40/41 | €1,917,331 | €1,734,863 | -€182,468 | -9.5% |
| Trade receivables | 40 | €864,031 | €425,502 | -€438,529 | -50.8% |
| Other amounts receivable | 41 | €1,053,300 | €1,309,361 | +€256,061 | +24.3% |
| Cash at bank and in hand | 54/58 | €298,277 | €68,380 | -€229,897 | -77.1% |
| Deferred charges and accrued income | 490/1 | €13,230 | €8,139 | -€5,091 | -38.5% |
| Total equity and liabilities | 10/49 | €5,070,864 | €4,832,724 | -€238,140 | -4.7% |
| Equity | 10/15 | €2,625,307 | €2,610,122 | -€15,185 | -0.6% |
| Contributions | 10/11 | €789,087 | €789,087 | = | 0.0% |
| Capital | 10 | €752,854 | €752,854 | = | 0.0% |
| Issued capital | 100 | €752,854 | €752,854 | = | 0.0% |
| Contributions outside capital | 11 | €36,233 | €36,233 | = | 0.0% |
| Share premium | 1100/10 | €36,233 | €36,233 | = | 0.0% |
| Revaluation surpluses | 12 | €3,966 | - | -€3,966 | |
| Reserves | 13 | €1,142,824 | €1,142,824 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €73,938 | €73,938 | +€0 | 0.0% |
| Legal reserve | 130 | €73,938 | €73,938 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €846,848 | €846,848 | +€0 | 0.0% |
| Distributable reserves | 133 | €222,038 | €222,038 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €689,429 | €678,210 | -€11,219 | -1.6% |
| Provisions and deferred taxes | 16 | €258,907 | €262,873 | +€3,966 | +1.5% |
| Provisions for liabilities and charges | 160/5 | - | €3,966 | +€3,966 | |
| Other liabilities and charges | 164/5 | - | €3,966 | +€3,966 | |
| Deferred taxes | 168 | €258,907 | €258,907 | +€0 | 0.0% |
| Amounts payable | 17/49 | €2,186,650 | €1,959,729 | -€226,921 | -10.4% |
| Amounts payable after more than one year | 17 | €1,363,198 | €1,229,380 | -€133,818 | -9.8% |
| Financial debts | 170/4 | €1,363,198 | €1,229,380 | -€133,818 | -9.8% |
| Amounts payable within one year | 42/48 | €818,144 | €728,807 | -€89,337 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €131,406 | €133,818 | +€2,412 | +1.8% |
| Trade debts | 44 | €483,868 | €166,154 | -€317,714 | -65.7% |
| Suppliers | 440/4 | €483,868 | €166,154 | -€317,714 | -65.7% |
| Taxes, remuneration and social security | 45 | €200,258 | €28,835 | -€171,423 | -85.6% |
| Taxes | 450/3 | €166,320 | - | -€166,320 | |
| Remuneration and social security | 454/9 | €33,938 | €28,835 | -€5,103 | -15.0% |
| Other amounts payable | 47/48 | €2,612 | €400,000 | +€397,388 | +15213.9% |
| Accrued charges and deferred income | 492/3 | €5,308 | €1,542 | -€3,766 | -70.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €428,536 | €393,333 | -€35,203 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,195 | €204,087 | -€108 | -0.1% |
| Other operating charges | 640/8 | €11,677 | €1,207 | -€10,470 | -89.7% |
| Gross operating margin | 9900 | €682,320 | €615,291 | -€67,029 | -9.8% |
| Operating profit (loss) | 9901 | €37,911 | €16,664 | -€21,247 | -56.0% |
| Financial income | 75/76B | €907,468 | €0 | -€907,468 | -100.0% |
| Recurring financial income | 75 | €907,468 | €0 | -€907,468 | -100.0% |
| Financial charges | 65/66B | €46,189 | €43,132 | -€3,057 | -6.6% |
| Recurring financial charges | 65 | €46,189 | €43,132 | -€3,057 | -6.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €899,190 | -€26,467 | -€925,657 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €26,821 | -€15,248 | -€42,069 | |
| Profit (loss) for the period | 9904 | €872,369 | -€11,219 | -€883,588 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €872,369 | -€11,219 | -€883,588 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.