AGABO: 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.
What changed
AGABO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€236,327
2024 · €191,476+€44,851
Equity
€3.3m
2024 · €3.0m+€236,327
Cash
€1.2m
2024 · €856,890+€297,297
Balance sheet total
€3.7m
2024 · €3.5m+€231,965
Largest movements
Assets
- Cash +€297,297
up €297,297 (+34.7%), from €856,890 to €1.2m
mainly Net result for the year (+€236,327) and Depreciation (+€34,192)
Equity and liabilities
- Reserves +€419,547
up €419,547 (+14.8%), from €2.8m to €3.3m
of which Distributable reserves: +€423,409
- Profit (loss) carried forward -€183,220
no longer reported in 2025 (was €183,220)
Income statement
- Gross operating margin +€61,631
up €61,631 (+23.1%), from €266,927 to €328,557
- Financial income -€9,086
down €9,086 (-17.3%), from €52,637 to €43,551
- Taxes +€8,028
up €8,028 (+11.6%), from €69,497 to €77,525
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.
Result 2024
€191,476
Gross operating margin
+€61,631
Depreciation
+€275
Other operating charges
-€63
Financial income
-€9,086
Financial charges
+€123
Taxes
-€8,028
Result 2025
€236,327
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.
From operations
+€297,297
Investment
€0
Financing
€0
Cash 2024
€856,890
From operations (derived)
+€297,297
Net result for the year
+€236,327
Depreciation
+€34,192
Receivables after one year
+€30,000
Receivables within one year
+€2,135
Deferred charges and accrued income
-€995
Provisions
-€1,989
Smaller working-capital items
-€658
Tax, wage and social debts
-€1,716
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,484,938 | €3,716,903 | +€231,965 | +6.7% |
| Fixed assets | 21/28 | €2,042,420 | €2,008,228 | -€34,192 | -1.7% |
| Tangible fixed assets | 22/27 | €1,644,179 | €1,609,987 | -€34,192 | -2.1% |
| Land and buildings | 22 | €1,579,172 | €1,567,722 | -€11,450 | -0.7% |
| Plant, machinery and equipment | 23 | €29,985 | €18,381 | -€11,603 | -38.7% |
| Furniture and vehicles | 24 | €35,022 | €23,884 | -€11,138 | -31.8% |
| Financial fixed assets | 28 | €398,241 | €398,241 | = | 0.0% |
| Current assets | 29/58 | €1,442,518 | €1,708,675 | +€266,157 | +18.5% |
| Amounts receivable after more than one year | 29 | €567,250 | €537,250 | -€30,000 | -5.3% |
| Trade receivables | 290 | €567,250 | €537,250 | -€30,000 | -5.3% |
| Amounts receivable within one year | 40/41 | €9,256 | €7,121 | -€2,135 | -23.1% |
| Other amounts receivable | 41 | €9,256 | €7,121 | -€2,135 | -23.1% |
| Cash at bank and in hand | 54/58 | €856,890 | €1,154,186 | +€297,297 | +34.7% |
| Deferred charges and accrued income | 490/1 | €9,122 | €10,118 | +€995 | +10.9% |
| Total equity and liabilities | 10/49 | €3,484,938 | €3,716,903 | +€231,965 | +6.7% |
| Equity | 10/15 | €3,022,077 | €3,258,404 | +€236,327 | +7.8% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €2,832,651 | €3,252,198 | +€419,547 | +14.8% |
| Non-distributable reserves | 130/1 | €145,860 | €145,860 | = | 0.0% |
| Other | 1319 | €145,860 | €145,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,172 | €19,310 | -€3,862 | -16.7% |
| Distributable reserves | 133 | €2,663,619 | €3,087,028 | +€423,409 | +15.9% |
| Profit (loss) carried forward | 14 | €183,220 | - | -€183,220 | |
| Provisions and deferred taxes | 16 | €11,932 | €9,943 | -€1,989 | -16.7% |
| Deferred taxes | 168 | €11,932 | €9,943 | -€1,989 | -16.7% |
| Amounts payable | 17/49 | €450,929 | €448,556 | -€2,373 | -0.5% |
| Amounts payable after more than one year | 17 | €398,241 | €398,241 | = | 0.0% |
| Other amounts payable | 178/9 | €398,241 | €398,241 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,771 | €29,398 | -€2,373 | -7.5% |
| Trade debts | 44 | €20,368 | €20,040 | -€328 | -1.6% |
| Suppliers | 440/4 | €20,368 | €20,040 | -€328 | -1.6% |
| Taxes, remuneration and social security | 45 | €10,329 | €8,613 | -€1,716 | -16.6% |
| Taxes | 450/3 | €10,329 | €8,613 | -€1,716 | -16.6% |
| Other amounts payable | 47/48 | €1,074 | €745 | -€329 | -30.7% |
| Accrued charges and deferred income | 492/3 | €20,917 | €20,917 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,467 | €34,192 | -€275 | -0.8% |
| Other operating charges | 640/8 | €2,067 | €2,130 | +€63 | +3.1% |
| Gross operating margin | 9900 | €266,927 | €328,557 | +€61,631 | +23.1% |
| Operating profit (loss) | 9901 | €230,392 | €292,235 | +€61,843 | +26.8% |
| Financial income | 75/76B | €52,637 | €43,551 | -€9,086 | -17.3% |
| Recurring financial income | 75 | €52,637 | €43,551 | -€9,086 | -17.3% |
| Financial charges | 65/66B | €24,045 | €23,922 | -€123 | -0.5% |
| Recurring financial charges | 65 | €24,045 | €23,922 | -€123 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €258,984 | €311,864 | +€52,879 | +20.4% |
| Transfer from deferred taxes | 780 | €1,989 | €1,989 | = | 0.0% |
| Income taxes | 67/77 | €69,497 | €77,525 | +€8,028 | +11.6% |
| Profit (loss) for the period | 9904 | €191,476 | €236,327 | +€44,851 | +23.4% |
| Transfer from tax-exempt reserves | 789 | €3,862 | €3,862 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €195,338 | €240,189 | +€44,851 | +23.0% |
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 6 October 2026 via checked.be.