AGANJU CONCEPT: 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.
AGANJU CONCEPT
Largest movements
- Receivables within one year -€200,179
down €200,179 (-64.0%), from €312,581 to €112,402
of which Other amounts receivable: -€200,179
- Tangible fixed assets +€8,151
up €8,151 (+1.9%), from €422,248 to €430,399
of which Furniture and vehicles: +€9,773
- Other debts -€150,000
down €150,000 (-100%), from €150,000 to €0
- Trade debts -€15,848
down €15,848 (-16.3%), from €97,000 to €81,152
- Debts after one year -€15,443
down €15,443 (-6.3%), from €244,915 to €229,472
- Gross operating margin +€31,096
up €31,096, from -€4,588 to €26,508
- Financial income -€25,465
down €25,465 (-100%), from €25,465 to €0
of which Non-recurring financial income: -€25,000
- Other operating charges -€3,701
down €3,701 (-100%), from €3,701 to €0
- Depreciation +€2,480
up €2,480 (+11.3%), from €21,861 to €24,341
- Financial charges -€2,015
down €2,015 (-15.9%), from €12,707 to €10,692
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 | €735,130 | €545,205 | -€189,925 | -25.8% |
| Fixed assets | 21/28 | €422,273 | €430,424 | +€8,151 | +1.9% |
| Tangible fixed assets | 22/27 | €422,248 | €430,399 | +€8,151 | +1.9% |
| Land and buildings | 22 | €318,977 | €309,060 | -€9,917 | -3.1% |
| Plant, machinery and equipment | 23 | €99,647 | €107,942 | +€8,295 | +8.3% |
| Furniture and vehicles | 24 | €3,624 | €13,397 | +€9,773 | +270% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €312,857 | €114,781 | -€198,076 | -63.3% |
| Amounts receivable within one year | 40/41 | €312,581 | €112,402 | -€200,179 | -64.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €312,581 | €112,402 | -€200,179 | -64.0% |
| Cash at bank and in hand | 54/58 | €276 | €2,378 | +€2,103 | +762% |
| Total equity and liabilities | 10/49 | €735,130 | €545,205 | -€189,925 | -25.8% |
| Equity | 10/15 | €147,662 | €139,137 | -€8,525 | -5.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €83,200 | €77,000 | -€6,200 | -7.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €77,000 | €70,800 | -€6,200 | -8.1% |
| Profit (loss) carried forward | 14 | €2,462 | €137 | -€2,325 | -94.4% |
| Amounts payable | 17/49 | €587,468 | €406,067 | -€181,400 | -30.9% |
| Amounts payable after more than one year | 17 | €244,915 | €229,472 | -€15,443 | -6.3% |
| Financial debts | 170/4 | €244,915 | €229,472 | -€15,443 | -6.3% |
| Amounts payable within one year | 42/48 | €342,553 | €176,595 | -€165,957 | -48.4% |
| Current portion of amounts payable after more than one year | 42 | €94,823 | €95,443 | +€620 | +0.7% |
| Financial debts | 43 | €316 | €0 | -€316 | -100% |
| Credit institutions | 430/8 | €316 | €0 | -€316 | -100% |
| Trade debts | 44 | €97,000 | €81,152 | -€15,848 | -16.3% |
| Suppliers | 440/4 | €97,000 | €81,152 | -€15,848 | -16.3% |
| Taxes, remuneration and social security | 45 | €413 | €0 | -€413 | -100% |
| Remuneration and social security | 454/9 | €413 | €0 | -€413 | -100% |
| Other amounts payable | 47/48 | €150,000 | €0 | -€150,000 | -100% |
| Remuneration, social security and pensions | 62 | €66 | €0 | -€66 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,861 | €24,341 | +€2,480 | +11.3% |
| Other operating charges | 640/8 | €3,701 | €0 | -€3,701 | -100% |
| Gross operating margin | 9900 | -€4,588 | €26,508 | +€31,096 | |
| Operating profit (loss) | 9901 | -€30,216 | €2,167 | +€32,383 | |
| Financial income | 75/76B | €25,465 | €0 | -€25,465 | -100% |
| Recurring financial income | 75 | €465 | €0 | -€465 | -100% |
| Non-recurring financial income | 76B | €25,000 | €0 | -€25,000 | -100% |
| Financial charges | 65/66B | €12,707 | €10,692 | -€2,015 | -15.9% |
| Recurring financial charges | 65 | €12,707 | €10,692 | -€2,015 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,457 | -€8,525 | +€8,932 | +51.2% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€17,457 | -€8,525 | +€8,932 | +51.2% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,457 | -€8,525 | +€8,932 | +51.2% |
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 19 October 2026 via checked.be.