AGADIR: 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.
AGADIR
Largest movements
- Cash +€92,168
up €92,168 (+83.3%), from €110,650 to €202,819
mainly Net result for the year (+€40,796) and Trade debts (+€32,709)
- Stocks and contracts -€7,756
down €7,756 (-62.5%), from €12,402 to €4,647
- Tangible fixed assets +€7,459
up €7,459 (+42.8%), from €17,422 to €24,882
of which Plant, machinery and equipment: +€8,668
- Receivables within one year -€4,724
down €4,724 (-20.7%), from €22,875 to €18,151
of which Other amounts receivable: -€16,090
- Deferred charges and accrued income +€3,574
up €3,574 (+367.0%), from €974 to €4,548
- Trade debts +€32,709
up €32,709 (+127.6%), from €25,630 to €58,339
- Profit (loss) carried forward +€20,796
up €20,796 (+48.2%), from €43,142 to €63,938
- Reserves +€20,000
up €20,000 (+806.8%), from €2,479 to €22,479
of which Distributable reserves: +€20,000
- Other debts +€13,919
up €13,919 (+2764.5%), from €504 to €14,423
- Tax, wage and social debts +€3,138
up €3,138 (+4.6%), from €67,906 to €71,045
of which Taxes: +€10,091
- Gross operating margin +€70,850
up €70,850 (+53.8%), from €131,683 to €202,533
- Taxes +€22,040
up €22,040 (+2033.3%), from €1,084 to €23,124
- Other operating charges +€6,874
up €6,874 (+265.7%), from €2,587 to €9,461
- Financial charges +€3,177
up €3,177 (+116.8%), from €2,719 to €5,897
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 | €164,449 | €255,171 | +€90,722 | +55.2% |
| Fixed assets | 21/28 | €17,547 | €25,007 | +€7,459 | +42.5% |
| Tangible fixed assets | 22/27 | €17,422 | €24,882 | +€7,459 | +42.8% |
| Land and buildings | 22 | - | €1,821 | +€1,821 | |
| Plant, machinery and equipment | 23 | €5,263 | €13,930 | +€8,668 | +164.7% |
| Furniture and vehicles | 24 | €3,262 | €2,533 | -€730 | -22.4% |
| Leasing and similar rights | 25 | €8,898 | €6,598 | -€2,300 | -25.8% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €146,902 | €230,164 | +€83,263 | +56.7% |
| Stocks and contracts in progress | 3 | €12,402 | €4,647 | -€7,756 | -62.5% |
| Stocks | 30/36 | €12,402 | €4,647 | -€7,756 | -62.5% |
| Amounts receivable within one year | 40/41 | €22,875 | €18,151 | -€4,724 | -20.7% |
| Trade receivables | 40 | €5,395 | €16,762 | +€11,366 | +210.7% |
| Other amounts receivable | 41 | €17,480 | €1,390 | -€16,090 | -92.1% |
| Cash at bank and in hand | 54/58 | €110,650 | €202,819 | +€92,168 | +83.3% |
| Deferred charges and accrued income | 490/1 | €974 | €4,548 | +€3,574 | +367.0% |
| Total equity and liabilities | 10/49 | €164,449 | €255,171 | +€90,722 | +55.2% |
| Equity | 10/15 | €70,410 | €111,206 | +€40,796 | +57.9% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €22,479 | +€20,000 | +806.8% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €43,142 | €63,938 | +€20,796 | +48.2% |
| Amounts payable | 17/49 | €94,039 | €143,965 | +€49,926 | +53.1% |
| Amounts payable within one year | 42/48 | €94,039 | €143,806 | +€49,767 | +52.9% |
| Trade debts | 44 | €25,630 | €58,339 | +€32,709 | +127.6% |
| Suppliers | 440/4 | €25,630 | €58,339 | +€32,709 | +127.6% |
| Taxes, remuneration and social security | 45 | €67,906 | €71,045 | +€3,138 | +4.6% |
| Taxes | 450/3 | €26,158 | €36,248 | +€10,091 | +38.6% |
| Remuneration and social security | 454/9 | €41,748 | €34,796 | -€6,952 | -16.7% |
| Other amounts payable | 47/48 | €504 | €14,423 | +€13,919 | +2764.5% |
| Accrued charges and deferred income | 492/3 | - | €159 | +€159 | |
| Remuneration, social security and pensions | 62 | €115,619 | €114,205 | -€1,415 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,135 | €9,461 | -€1,674 | -15.0% |
| Other operating charges | 640/8 | €2,587 | €9,461 | +€6,874 | +265.7% |
| Gross operating margin | 9900 | €131,683 | €202,533 | +€70,850 | +53.8% |
| Operating profit (loss) | 9901 | €2,341 | €69,406 | +€67,065 | +2864.2% |
| Financial income | 75/76B | €384 | €410 | +€26 | +6.8% |
| Recurring financial income | 75 | €384 | €410 | +€26 | +6.8% |
| Financial charges | 65/66B | €2,719 | €5,897 | +€3,177 | +116.8% |
| Recurring financial charges | 65 | €2,719 | €5,897 | +€3,177 | +116.8% |
| Profit (loss) for the period before taxes | 9903 | €6 | €63,920 | +€63,914 | +1077802.7% |
| Income taxes | 67/77 | €1,084 | €23,124 | +€22,040 | +2033.3% |
| Profit (loss) for the period | 9904 | -€1,078 | €40,796 | +€41,874 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,078 | €40,796 | +€41,874 |
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 7 October 2026 via checked.be.