AGAM R: 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.
AGAM R
Largest movements
- Cash -€20,201
down €20,201 (-55.5%), from €36,422 to €16,221
mainly Advances received (-€16,653) and Receivables within one year (-€15,786)
- Receivables within one year +€15,786
up €15,786 (+114%), from €13,858 to €29,644
of which Trade receivables: +€16,430
- Tangible fixed assets -€9,894
no longer reported in 2025 (was €9,894)
- Advances received -€16,653
no longer reported in 2025 (was €16,653)
- Debts after one year -€13,036
down €13,036 (-38.1%), from €34,200 to €21,164
- Trade debts +€10,574
up €10,574 (+260%), from €4,073 to €14,647
- Tax, wage and social debts +€4,671
up €4,671 (+43.5%), from €10,728 to €15,399
- Current portion of long-term debt -€1,522
no longer reported in 2025 (was €1,522)
- Turnover -€1.1m
no longer reported in 2025 (was €1.1m)
- Purchases and services -€1.0m
no longer reported in 2025 (was €1.0m)
- Gross operating margin -€13,661
down €13,661 (-43.5%), from €31,393 to €17,733
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 | €135,459 | €120,068 | -€15,391 | -11.4% |
| Fixed assets | 21/28 | €15,120 | €5,226 | -€9,894 | -65.4% |
| Intangible fixed assets | 21 | €1,000 | €1,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €9,894 | - | -€9,894 | |
| Furniture and vehicles | 24 | €9,894 | - | -€9,894 | |
| Financial fixed assets | 28 | €4,226 | €4,226 | = | 0.0% |
| Current assets | 29/58 | €120,339 | €114,842 | -€5,497 | -4.6% |
| Amounts receivable after more than one year | 29 | €1,500 | €1,500 | = | 0.0% |
| Trade receivables | 290 | €1,500 | €1,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €68,559 | €67,477 | -€1,082 | -1.6% |
| Stocks | 30/36 | €68,559 | €67,477 | -€1,082 | -1.6% |
| Amounts receivable within one year | 40/41 | €13,858 | €29,644 | +€15,786 | +114% |
| Trade receivables | 40 | €527 | €16,957 | +€16,430 | +3,119% |
| Other amounts receivable | 41 | €13,331 | €12,687 | -€644 | -4.8% |
| Cash at bank and in hand | 54/58 | €36,422 | €16,221 | -€20,201 | -55.5% |
| Total equity and liabilities | 10/49 | €135,459 | €120,068 | -€15,391 | -11.4% |
| Equity | 10/15 | €67,419 | €68,854 | +€1,435 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €813 | €813 | = | 0.0% |
| Non-distributable reserves | 130/1 | €813 | €813 | = | 0.0% |
| Reserves not available under the articles | 1311 | €813 | €813 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,006 | €49,441 | +€1,435 | +3.0% |
| Amounts payable | 17/49 | €68,041 | €51,214 | -€16,827 | -24.7% |
| Amounts payable after more than one year | 17 | €34,200 | €21,164 | -€13,036 | -38.1% |
| Financial debts | 170/4 | €34,200 | €21,164 | -€13,036 | -38.1% |
| Amounts payable within one year | 42/48 | €33,840 | €30,050 | -€3,790 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €1,522 | - | -€1,522 | |
| Trade debts | 44 | €4,073 | €14,647 | +€10,574 | +260% |
| Suppliers | 440/4 | €4,073 | €14,647 | +€10,574 | +260% |
| Advances received on contracts in progress | 46 | €16,653 | - | -€16,653 | |
| Taxes, remuneration and social security | 45 | €10,728 | €15,399 | +€4,671 | +43.5% |
| Taxes | 450/3 | €10,728 | €15,399 | +€4,671 | +43.5% |
| Other amounts payable | 47/48 | €864 | €4 | -€860 | -99.5% |
| Turnover | 70 | €1,079,581 | - | -€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,048,187 | - | -€1.0m | |
| Remuneration, social security and pensions | 62 | €7,926 | €2,379 | -€5,547 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,271 | €8,927 | -€4,344 | -32.7% |
| Other operating charges | 640/8 | €813 | €3,708 | +€2,894 | +356% |
| Gross operating margin | 9900 | €31,393 | €17,733 | -€13,661 | -43.5% |
| Operating profit (loss) | 9901 | €9,384 | €2,719 | -€6,664 | -71.0% |
| Financial income | 75/76B | €1,961 | - | -€1,961 | |
| Recurring financial income | 75 | €1,961 | - | -€1,961 | |
| Financial charges | 65/66B | €983 | €287 | -€696 | -70.8% |
| Recurring financial charges | 65 | €983 | €287 | -€696 | -70.8% |
| Profit (loss) for the period before taxes | 9903 | €10,361 | €2,432 | -€7,929 | -76.5% |
| Income taxes | 67/77 | €771 | €997 | +€226 | +29.3% |
| Profit (loss) for the period | 9904 | €9,590 | €1,435 | -€8,155 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,590 | €1,435 | -€8,155 | -85.0% |
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 30 October 2026 via checked.be.