AGALOSCA: 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.
AGALOSCA
Largest movements
- Cash +€141,778
up €141,778 (+68.1%), from €208,231 to €350,008
mainly Net result for the year (+€157,958) and Depreciation (+€37,321)
- Current investments +€85,803
up €85,803 (+10.5%), from €818,380 to €904,183
- Tangible fixed assets -€32,012
down €32,012 (-7.2%), from €444,451 to €412,439
of which Land and buildings: -€20,795
- Deferred charges and accrued income -€17,797
down €17,797 (-100%), from €17,797 to €0
- Reserves +€157,958
up €157,958 (+76.3%), from €206,916 to €364,874
of which Distributable reserves: +€184,308
- Tax, wage and social debts +€27,341
up €27,341 (+333%), from €8,204 to €35,545
- Other debts +€20,452
up €20,452 (+4.3%), from €477,456 to €497,908
- Debts after one year -€17,527
down €17,527 (-12.9%), from €136,255 to €118,728
- Current portion of long-term debt +€17,527
new in 2025: €17,527
- Financial income +€162,987
up €162,987 (+6,864%), from €2,375 to €165,362
of which Non-recurring financial income: +€140,490
- Taxes +€43,606
up €43,606 (+165%), from €26,502 to €70,108
- Gross operating margin -€16,359
down €16,359 (-9.4%), from €174,063 to €157,703
- Other operating charges +€6,003
up €6,003 (+99.9%), from €6,009 to €12,012
- Financial charges +€3,115
up €3,115 (+7.3%), from €42,551 to €45,666
of which Financial charges: +€3,115
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 | €1,507,044 | €1,699,426 | +€192,382 | +12.8% |
| Fixed assets | 21/28 | €444,451 | €412,439 | -€32,012 | -7.2% |
| Tangible fixed assets | 22/27 | €444,451 | €412,439 | -€32,012 | -7.2% |
| Land and buildings | 22 | €410,162 | €389,367 | -€20,795 | -5.1% |
| Furniture and vehicles | 24 | €32,888 | €22,021 | -€10,867 | -33.0% |
| Other tangible fixed assets | 26 | €1,400 | €1,050 | -€350 | -25.0% |
| Current assets | 29/58 | €1,062,594 | €1,286,987 | +€224,393 | +21.1% |
| Amounts receivable within one year | 40/41 | €18,186 | €32,796 | +€14,610 | +80.3% |
| Trade receivables | 40 | €6,051 | €27,046 | +€20,995 | +347% |
| Other amounts receivable | 41 | €12,135 | €5,750 | -€6,385 | -52.6% |
| Current investments | 50/53 | €818,380 | €904,183 | +€85,803 | +10.5% |
| Cash at bank and in hand | 54/58 | €208,231 | €350,008 | +€141,778 | +68.1% |
| Deferred charges and accrued income | 490/1 | €17,797 | €0 | -€17,797 | -100% |
| Total equity and liabilities | 10/49 | €1,507,044 | €1,699,426 | +€192,382 | +12.8% |
| Equity | 10/15 | €865,409 | €1,023,367 | +€157,958 | +18.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €206,916 | €364,874 | +€157,958 | +76.3% |
| Tax-exempt reserves | 132 | €26,350 | - | -€26,350 | |
| Distributable reserves | 133 | €180,566 | €364,874 | +€184,308 | +102% |
| Profit (loss) carried forward | 14 | €638,033 | €638,033 | = | 0.0% |
| Amounts payable | 17/49 | €641,635 | €676,059 | +€34,423 | +5.4% |
| Amounts payable after more than one year | 17 | €136,255 | €118,728 | -€17,527 | -12.9% |
| Financial debts | 170/4 | €136,255 | €118,728 | -€17,527 | -12.9% |
| Amounts payable within one year | 42/48 | €505,381 | €557,331 | +€51,950 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | - | €17,527 | +€17,527 | |
| Financial debts | 43 | €16,937 | - | -€16,937 | |
| Credit institutions | 430/8 | €16,937 | - | -€16,937 | |
| Trade debts | 44 | €2,783 | €6,351 | +€3,568 | +128% |
| Suppliers | 440/4 | - | €6,351 | +€6,351 | |
| Bills of exchange payable | 441 | €2,783 | - | -€2,783 | |
| Taxes, remuneration and social security | 45 | €8,204 | €35,545 | +€27,341 | +333% |
| Taxes | 450/3 | €8,204 | €35,545 | +€27,341 | +333% |
| Other amounts payable | 47/48 | €477,456 | €497,908 | +€20,452 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,527 | €37,321 | -€206 | -0.5% |
| Other operating charges | 640/8 | €6,009 | €12,012 | +€6,003 | +99.9% |
| Gross operating margin | 9900 | €174,063 | €157,703 | -€16,359 | -9.4% |
| Operating profit (loss) | 9901 | €130,527 | €108,370 | -€22,156 | -17.0% |
| Financial income | 75/76B | €2,375 | €165,362 | +€162,987 | +6,864% |
| Recurring financial income | 75 | €2,375 | €24,872 | +€22,498 | +947% |
| Non-recurring financial income | 76B | €0 | €140,490 | +€140,490 | +1,404,895,700% |
| Financial charges | 65/66B | €42,551 | €45,666 | +€3,115 | +7.3% |
| Recurring financial charges | 65 | €42,551 | €45,666 | +€3,115 | +7.3% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €90,350 | €228,066 | +€137,716 | +152% |
| Income taxes | 67/77 | €26,502 | €70,108 | +€43,606 | +165% |
| Profit (loss) for the period | 9904 | €63,849 | €157,958 | +€94,109 | +147% |
| Transfer from tax-exempt reserves | 789 | - | €26,350 | +€26,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,849 | €184,308 | +€120,459 | +189% |
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 15 October 2026 via checked.be.