AGAMA: 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.
AGAMA
Largest movements
- Receivables within one year +€2.9m
up €2.9m (+420%), from €698,070 to €3.6m
of which Other amounts receivable: +€2.9m
- Financial fixed assets -€1.5m
down €1.5m (-55.3%), from €2.7m to €1.2m
- Profit (loss) carried forward +€1.4m
up €1.4m (+71.0%), from €1.9m to €3.3m
- Short-term financial debts +€243,973
up €243,973 (+6,009%), from €4,060 to €248,033
- Debts after one year -€108,642
down €108,642 (-34.9%), from €311,282 to €202,640
- Other debts -€50,076
down €50,076 (-20.6%), from €242,812 to €192,736
- Financial income +€887,267
up €887,267 (+208%), from €426,260 to €1.3m
of which Non-recurring financial income: +€964,643
- Gross operating margin -€31,309
down €31,309 (-30.9%), from €101,238 to €69,929
- Financial charges -€10,561
down €10,561 (-37.3%), from €28,339 to €17,777
- Taxes -€4,487
down €4,487 (-24.4%), from €18,358 to €13,871
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 | €3,451,140 | €4,884,033 | +€1.4m | +41.5% |
| Fixed assets | 21/28 | €2,725,841 | €1,218,375 | -€1.5m | -55.3% |
| Financial fixed assets | 28 | €2,725,841 | €1,218,375 | -€1.5m | -55.3% |
| Current assets | 29/58 | €725,299 | €3,665,658 | +€2.9m | +405% |
| Amounts receivable within one year | 40/41 | €698,070 | €3,633,297 | +€2.9m | +420% |
| Trade receivables | 40 | €53,496 | €78,886 | +€25,390 | +47.5% |
| Other amounts receivable | 41 | €644,574 | €3,554,411 | +€2.9m | +451% |
| Cash at bank and in hand | 54/58 | €27,229 | €32,360 | +€5,131 | +18.8% |
| Total equity and liabilities | 10/49 | €3,451,140 | €4,884,033 | +€1.4m | +41.5% |
| Equity | 10/15 | €2,732,789 | €4,083,155 | +€1.4m | +49.4% |
| Contributions | 10/11 | €809,833 | €809,833 | = | 0.0% |
| Reserves | 13 | €21,790 | €21,790 | = | 0.0% |
| Distributable reserves | 133 | €21,790 | €21,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,901,167 | €3,251,532 | +€1.4m | +71.0% |
| Amounts payable | 17/49 | €718,352 | €800,878 | +€82,527 | +11.5% |
| Amounts payable after more than one year | 17 | €311,282 | €202,640 | -€108,642 | -34.9% |
| Financial debts | 170/4 | €311,282 | €202,640 | -€108,642 | -34.9% |
| Amounts payable within one year | 42/48 | €394,064 | €593,235 | +€199,171 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €107,328 | €108,642 | +€1,313 | +1.2% |
| Financial debts | 43 | €4,060 | €248,033 | +€243,973 | +6,009% |
| Credit institutions | 430/8 | €4,060 | €248,033 | +€243,973 | +6,009% |
| Trade debts | 44 | €19,108 | €22,025 | +€2,917 | +15.3% |
| Suppliers | 440/4 | €19,108 | €22,025 | +€2,917 | +15.3% |
| Taxes, remuneration and social security | 45 | €20,755 | €21,799 | +€1,044 | +5.0% |
| Taxes | 450/3 | €20,755 | €21,799 | +€1,044 | +5.0% |
| Other amounts payable | 47/48 | €242,812 | €192,736 | -€50,076 | -20.6% |
| Accrued charges and deferred income | 492/3 | €13,006 | €5,003 | -€8,002 | -61.5% |
| Other operating charges | 640/8 | €1,346 | €1,441 | +€95 | +7.0% |
| Gross operating margin | 9900 | €101,238 | €69,929 | -€31,309 | -30.9% |
| Operating profit (loss) | 9901 | €99,891 | €68,488 | -€31,404 | -31.4% |
| Financial income | 75/76B | €426,260 | €1,313,527 | +€887,267 | +208% |
| Recurring financial income | 75 | €426,260 | €348,884 | -€77,376 | -18.2% |
| Non-recurring financial income | 76B | - | €964,643 | +€964,643 | |
| Financial charges | 65/66B | €28,339 | €17,777 | -€10,561 | -37.3% |
| Recurring financial charges | 65 | €28,339 | €17,777 | -€10,561 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €497,813 | €1,364,237 | +€866,424 | +174% |
| Income taxes | 67/77 | €18,358 | €13,871 | -€4,487 | -24.4% |
| Profit (loss) for the period | 9904 | €479,454 | €1,350,366 | +€870,911 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €479,454 | €1,350,366 | +€870,911 | +182% |
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 20 October 2026 via checked.be.