AGACOM: 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.
AGACOM
Largest movements
- Cash -€23,017
down €23,017 (-48.8%), from €47,132 to €24,115
mainly Investment in fixed assets (net) (-€23,924) and Net result for the year (-€18,083)
- Tangible fixed assets +€9,233
up €9,233 (+18.4%), from €50,219 to €59,452
of which Furniture and vehicles: +€8,839
- Receivables within one year +€5,367
up €5,367 (+10.2%), from €52,735 to €58,102
of which Trade receivables: +€9,789
- Profit (loss) carried forward -€18,083
down €18,083 (-32.9%), from €54,982 to €36,899
- Trade debts +€11,773
up €11,773 (+250.4%), from €4,702 to €16,475
- Other debts +€11,319
up €11,319 (+85.9%), from €13,184 to €24,503
- Tax, wage and social debts -€6,853
down €6,853 (-37.9%), from €18,061 to €11,208
of which Taxes: -€6,050
- Current portion of long-term debt -€3,481
down €3,481 (-48.4%), from €7,185 to €3,704
- Turnover -€114,966
down €114,966 (-65.5%), from €175,571 to €60,605
- Gross operating margin -€62,735
down €62,735 (-92.1%), from €68,118 to €5,383
- Purchases and services -€54,445
down €54,445 (-49.5%), from €110,000 to €55,555
- Taxes -€14,208
no longer reported in 2025 (was €14,208)
- Staff costs -€9,984
no longer reported in 2025 (was €9,984)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,293 | €142,876 | -€8,417 | -5.6% |
| Fixed assets | 21/28 | €51,426 | €60,659 | +€9,233 | +18.0% |
| Tangible fixed assets | 22/27 | €50,219 | €59,452 | +€9,233 | +18.4% |
| Plant, machinery and equipment | 23 | €18,101 | €18,765 | +€664 | +3.7% |
| Furniture and vehicles | 24 | €30,243 | €39,082 | +€8,839 | +29.2% |
| Other tangible fixed assets | 26 | €1,875 | €1,605 | -€270 | -14.4% |
| Financial fixed assets | 28 | €1,207 | €1,207 | = | 0.0% |
| Current assets | 29/58 | €99,867 | €82,217 | -€17,650 | -17.7% |
| Amounts receivable within one year | 40/41 | €52,735 | €58,102 | +€5,367 | +10.2% |
| Trade receivables | 40 | €44,391 | €54,180 | +€9,789 | +22.1% |
| Other amounts receivable | 41 | €8,344 | €3,922 | -€4,422 | -53.0% |
| Cash at bank and in hand | 54/58 | €47,132 | €24,115 | -€23,017 | -48.8% |
| Total equity and liabilities | 10/49 | €151,293 | €142,876 | -€8,417 | -5.6% |
| Equity | 10/15 | €105,069 | €86,986 | -€18,083 | -17.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €30,087 | €30,087 | = | 0.0% |
| Distributable reserves | 133 | €30,087 | €30,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,982 | €36,899 | -€18,083 | -32.9% |
| Amounts payable | 17/49 | €46,224 | €55,890 | +€9,666 | +20.9% |
| Amounts payable after more than one year | 17 | €3,092 | - | -€3,092 | |
| Financial debts | 170/4 | €3,092 | - | -€3,092 | |
| Amounts payable within one year | 42/48 | €43,132 | €55,890 | +€12,758 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €7,185 | €3,704 | -€3,481 | -48.4% |
| Trade debts | 44 | €4,702 | €16,475 | +€11,773 | +250.4% |
| Suppliers | 440/4 | €4,702 | €16,475 | +€11,773 | +250.4% |
| Taxes, remuneration and social security | 45 | €18,061 | €11,208 | -€6,853 | -37.9% |
| Taxes | 450/3 | €17,258 | €11,208 | -€6,050 | -35.1% |
| Remuneration and social security | 454/9 | €803 | - | -€803 | |
| Other amounts payable | 47/48 | €13,184 | €24,503 | +€11,319 | +85.9% |
| Turnover | 70 | €175,571 | €60,605 | -€114,966 | -65.5% |
| Non-recurring operating income | 76A | €2,248 | - | -€2,248 | |
| Goods, raw materials, services and sundry goods | 60/61 | €110,000 | €55,555 | -€54,445 | -49.5% |
| Remuneration, social security and pensions | 62 | €9,984 | - | -€9,984 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,938 | €14,691 | +€2,753 | +23.1% |
| Other operating charges | 640/8 | €1,048 | €619 | -€429 | -40.9% |
| Non-recurring operating charges | 66A | - | €6,729 | +€6,729 | |
| Gross operating margin | 9900 | €68,118 | €5,383 | -€62,735 | -92.1% |
| Operating profit (loss) | 9901 | €45,148 | -€16,656 | -€61,804 | |
| Financial income | 75/76B | €1,288 | - | -€1,288 | |
| Recurring financial income | 75 | €1,288 | - | -€1,288 | |
| Financial charges | 65/66B | €2,699 | €1,427 | -€1,272 | -47.1% |
| Recurring financial charges | 65 | €2,699 | €1,427 | -€1,272 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €43,737 | -€18,083 | -€61,820 | |
| Income taxes | 67/77 | €14,208 | - | -€14,208 | |
| Profit (loss) for the period | 9904 | €29,529 | -€18,083 | -€47,612 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,529 | -€18,083 | -€47,612 |
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 10 October 2026 via checked.be.