AGABA: 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.
AGABA
Largest movements
- Receivables within one year +€129,219
up €129,219 (+152%), from €84,754 to €213,974
of which Other amounts receivable: +€68,482
- Cash -€57,809
down €57,809 (-54.3%), from €106,486 to €48,677
mainly Receivables within one year (-€129,219) and Debts after one year (-€11,881)
- Tangible fixed assets -€19,859
down €19,859 (-30.7%), from €64,708 to €44,849
of which Furniture and vehicles: -€15,513
- Deferred charges and accrued income -€7,367
down €7,367 (-56.1%), from €13,142 to €5,774
- Trade debts +€24,312
up €24,312 (+43.3%), from €56,154 to €80,466
- Other debts +€18,457
new in 2025: €18,457
- Tax, wage and social debts +€13,428
up €13,428 (+39.1%), from €34,335 to €47,762
of which Taxes: +€15,468
- Debts after one year -€11,881
down €11,881 (-51.1%), from €23,237 to €11,355
of which Financial debts: -€10,881
- Short-term financial debts +€9,177
new in 2025: €9,177
- Staff costs +€74,873
up €74,873 (+35.6%), from €210,320 to €285,193
- Gross operating margin +€63,919
up €63,919 (+24.2%), from €264,001 to €327,921
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 | €274,899 | €320,847 | +€45,947 | +16.7% |
| Fixed assets | 21/28 | €64,708 | €44,849 | -€19,859 | -30.7% |
| Tangible fixed assets | 22/27 | €64,708 | €44,849 | -€19,859 | -30.7% |
| Plant, machinery and equipment | 23 | €18,942 | €14,596 | -€4,346 | -22.9% |
| Furniture and vehicles | 24 | €45,766 | €30,253 | -€15,513 | -33.9% |
| Current assets | 29/58 | €210,192 | €275,998 | +€65,806 | +31.3% |
| Stocks and contracts in progress | 3 | €5,810 | €7,574 | +€1,764 | +30.4% |
| Stocks | 30/36 | €5,810 | €7,574 | +€1,764 | +30.4% |
| Amounts receivable within one year | 40/41 | €84,754 | €213,974 | +€129,219 | +152% |
| Trade receivables | 40 | €22,107 | €82,844 | +€60,738 | +275% |
| Other amounts receivable | 41 | €62,648 | €131,129 | +€68,482 | +109% |
| Cash at bank and in hand | 54/58 | €106,486 | €48,677 | -€57,809 | -54.3% |
| Deferred charges and accrued income | 490/1 | €13,142 | €5,774 | -€7,367 | -56.1% |
| Total equity and liabilities | 10/49 | €274,899 | €320,847 | +€45,947 | +16.7% |
| Equity | 10/15 | €127,574 | €132,463 | +€4,889 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,719 | €64,719 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €62,859 | €62,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,255 | €49,144 | +€4,889 | +11.0% |
| Amounts payable | 17/49 | €147,325 | €188,384 | +€41,059 | +27.9% |
| Amounts payable after more than one year | 17 | €23,237 | €11,355 | -€11,881 | -51.1% |
| Financial debts | 170/4 | €22,237 | €11,355 | -€10,881 | -48.9% |
| Other amounts payable | 178/9 | €1,000 | - | -€1,000 | |
| Amounts payable within one year | 42/48 | €106,952 | €166,744 | +€59,791 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €16,463 | €10,881 | -€5,582 | -33.9% |
| Financial debts | 43 | - | €9,177 | +€9,177 | |
| Credit institutions | 430/8 | - | €9,177 | +€9,177 | |
| Trade debts | 44 | €56,154 | €80,466 | +€24,312 | +43.3% |
| Suppliers | 440/4 | €56,154 | €80,466 | +€24,312 | +43.3% |
| Taxes, remuneration and social security | 45 | €34,335 | €47,762 | +€13,428 | +39.1% |
| Taxes | 450/3 | €10,855 | €26,323 | +€15,468 | +142% |
| Remuneration and social security | 454/9 | €23,479 | €21,439 | -€2,040 | -8.7% |
| Other amounts payable | 47/48 | - | €18,457 | +€18,457 | |
| Accrued charges and deferred income | 492/3 | €17,136 | €10,285 | -€6,851 | -40.0% |
| Non-recurring operating income | 76A | €5,707 | €1,500 | -€4,207 | -73.7% |
| Remuneration, social security and pensions | 62 | €210,320 | €285,193 | +€74,873 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,283 | €21,838 | -€1,445 | -6.2% |
| Other operating charges | 640/8 | €4,179 | €4,633 | +€454 | +10.9% |
| Non-recurring operating charges | 66A | €203 | - | -€203 | |
| Gross operating margin | 9900 | €264,001 | €327,921 | +€63,919 | +24.2% |
| Operating profit (loss) | 9901 | €26,016 | €16,257 | -€9,759 | -37.5% |
| Financial income | 75/76B | €4 | €125 | +€121 | +3,221% |
| Recurring financial income | 75 | €4 | €125 | +€121 | +3,221% |
| Financial charges | 65/66B | €7,586 | €7,747 | +€161 | +2.1% |
| Recurring financial charges | 65 | €7,586 | €7,747 | +€161 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €18,434 | €8,634 | -€9,800 | -53.2% |
| Income taxes | 67/77 | €5,761 | €3,746 | -€2,015 | -35.0% |
| Profit (loss) for the period | 9904 | €12,673 | €4,889 | -€7,784 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,673 | €4,889 | -€7,784 | -61.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.