AGAD Technology: 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.
AGAD Technology
Largest movements
- Receivables within one year +€60,103
up €60,103 (+25.1%), from €239,795 to €299,898
of which Other amounts receivable: +€49,910
- Cash -€16,410
down €16,410 (-71.5%), from €22,966 to €6,556
mainly Receivables within one year (-€60,103) and Advances received (-€43,011)
- Deferred charges and accrued income -€6,329
down €6,329 (-91.6%), from €6,911 to €581
- Advances received -€43,011
no longer reported in 2025 (was €43,011)
- Short-term financial debts +€30,000
new in 2025: €30,000
- Tax, wage and social debts +€25,482
up €25,482 (+20.8%), from €122,577 to €148,059
of which Taxes: +€17,078
- Trade debts +€21,896
up €21,896 (+25.1%), from €87,086 to €108,982
- Profit (loss) carried forward +€9,628
up €9,628 (+241%), from €3,987 to €13,614
- Gross operating margin +€59,531
up €59,531 (+9.2%), from €645,089 to €704,620
- Staff costs +€46,282
up €46,282 (+7.5%), from €613,995 to €660,277
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 | €278,667 | €313,164 | +€34,497 | +12.4% |
| Fixed assets | 21/28 | €8,995 | €6,129 | -€2,866 | -31.9% |
| Tangible fixed assets | 22/27 | €6,089 | €3,223 | -€2,866 | -47.1% |
| Furniture and vehicles | 24 | €6,089 | €3,223 | -€2,866 | -47.1% |
| Financial fixed assets | 28 | €2,906 | €2,906 | = | 0.0% |
| Current assets | 29/58 | €269,672 | €307,035 | +€37,364 | +13.9% |
| Amounts receivable within one year | 40/41 | €239,795 | €299,898 | +€60,103 | +25.1% |
| Trade receivables | 40 | €199,348 | €209,541 | +€10,193 | +5.1% |
| Other amounts receivable | 41 | €40,447 | €90,357 | +€49,910 | +123% |
| Cash at bank and in hand | 54/58 | €22,966 | €6,556 | -€16,410 | -71.5% |
| Deferred charges and accrued income | 490/1 | €6,911 | €581 | -€6,329 | -91.6% |
| Total equity and liabilities | 10/49 | €278,667 | €313,164 | +€34,497 | +12.4% |
| Equity | 10/15 | €4,987 | €14,614 | +€9,628 | +193% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,987 | €13,614 | +€9,628 | +241% |
| Amounts payable | 17/49 | €273,680 | €298,550 | +€24,870 | +9.1% |
| Amounts payable after more than one year | 17 | €7,279 | - | -€7,279 | |
| Financial debts | 170/4 | €7,279 | - | -€7,279 | |
| Amounts payable within one year | 42/48 | €266,401 | €298,501 | +€32,100 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €10,221 | €7,279 | -€2,942 | -28.8% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €87,086 | €108,982 | +€21,896 | +25.1% |
| Suppliers | 440/4 | €87,086 | €108,982 | +€21,896 | +25.1% |
| Advances received on contracts in progress | 46 | €43,011 | - | -€43,011 | |
| Taxes, remuneration and social security | 45 | €122,577 | €148,059 | +€25,482 | +20.8% |
| Taxes | 450/3 | €64,550 | €81,628 | +€17,078 | +26.5% |
| Remuneration and social security | 454/9 | €58,027 | €66,431 | +€8,404 | +14.5% |
| Other amounts payable | 47/48 | €3,505 | €4,181 | +€675 | +19.3% |
| Accrued charges and deferred income | 492/3 | - | €48 | +€48 | |
| Remuneration, social security and pensions | 62 | €613,995 | €660,277 | +€46,282 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,974 | €2,866 | +€892 | +45.2% |
| Other operating charges | 640/8 | €582 | - | -€582 | |
| Gross operating margin | 9900 | €645,089 | €704,620 | +€59,531 | +9.2% |
| Operating profit (loss) | 9901 | €28,537 | €41,476 | +€12,939 | +45.3% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €13,383 | €19,966 | +€6,583 | +49.2% |
| Recurring financial charges | 65 | €13,383 | €19,966 | +€6,583 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €15,157 | €21,510 | +€6,353 | +41.9% |
| Income taxes | 67/77 | €11,846 | €11,882 | +€37 | +0.3% |
| Profit (loss) for the period | 9904 | €3,311 | €9,628 | +€6,316 | +191% |
| Profit (loss) for the period to be appropriated | 9905 | €3,311 | €9,628 | +€6,316 | +191% |
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 16 October 2026 via checked.be.