Agap Invest: 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.
Agap Invest
Largest movements
- Tangible fixed assets -€105,050
down €105,050 (-16.0%), from €655,374 to €550,324
of which Furniture and vehicles: -€79,683
- Cash +€24,579
up €24,579 (+69.0%), from €35,607 to €60,186
mainly Investment in fixed assets (net) (+€64,398) and Depreciation (+€40,652)
- Receivables within one year -€9,481
down €9,481 (-68.4%), from €13,869 to €4,387
- Debts after one year -€79,070
down €79,070 (-15.7%), from €504,754 to €425,684
- Current portion of long-term debt -€16,673
down €16,673 (-26.9%), from €62,005 to €45,332
- Gross operating margin -€54,771
down €54,771 (-45.7%), from €119,823 to €65,052
- Depreciation -€24,326
down €24,326 (-37.4%), from €64,979 to €40,652
- Financial charges -€3,859
down €3,859 (-24.7%), from €15,599 to €11,740
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 | €706,809 | €619,498 | -€87,312 | -12.4% |
| Fixed assets | 21/28 | €655,374 | €550,324 | -€105,050 | -16.0% |
| Tangible fixed assets | 22/27 | €655,374 | €550,324 | -€105,050 | -16.0% |
| Land and buildings | 22 | €569,970 | €547,054 | -€22,916 | -4.0% |
| Plant, machinery and equipment | 23 | €5,721 | €3,270 | -€2,451 | -42.8% |
| Furniture and vehicles | 24 | €79,683 | €0 | -€79,683 | -100% |
| Current assets | 29/58 | €51,435 | €69,174 | +€17,739 | +34.5% |
| Amounts receivable within one year | 40/41 | €13,869 | €4,387 | -€9,481 | -68.4% |
| Trade receivables | 40 | €13,869 | €4,387 | -€9,481 | -68.4% |
| Cash at bank and in hand | 54/58 | €35,607 | €60,186 | +€24,579 | +69.0% |
| Deferred charges and accrued income | 490/1 | €1,959 | €4,600 | +€2,641 | +135% |
| Total equity and liabilities | 10/49 | €706,809 | €619,498 | -€87,312 | -12.4% |
| Equity | 10/15 | €64,308 | €67,736 | +€3,428 | +5.3% |
| Contributions | 10/11 | €44,505 | €44,505 | = | 0.0% |
| Reserves | 13 | €19,802 | €23,230 | +€3,428 | +17.3% |
| Distributable reserves | 133 | €19,802 | €23,230 | +€3,428 | +17.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €642,501 | €551,762 | -€90,740 | -14.1% |
| Amounts payable after more than one year | 17 | €504,754 | €425,684 | -€79,070 | -15.7% |
| Financial debts | 170/4 | €504,754 | €425,684 | -€79,070 | -15.7% |
| Amounts payable within one year | 42/48 | €137,670 | €124,956 | -€12,714 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €62,005 | €45,332 | -€16,673 | -26.9% |
| Trade debts | 44 | €6,548 | €3,649 | -€2,898 | -44.3% |
| Suppliers | 440/4 | €6,548 | €3,649 | -€2,898 | -44.3% |
| Taxes, remuneration and social security | 45 | €5,360 | €7,102 | +€1,743 | +32.5% |
| Taxes | 450/3 | €5,360 | €7,102 | +€1,743 | +32.5% |
| Other amounts payable | 47/48 | €63,757 | €68,872 | +€5,115 | +8.0% |
| Accrued charges and deferred income | 492/3 | €78 | €1,122 | +€1,044 | +1,333% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,979 | €40,652 | -€24,326 | -37.4% |
| Other operating charges | 640/8 | €8,638 | €8,849 | +€211 | +2.4% |
| Gross operating margin | 9900 | €119,823 | €65,052 | -€54,771 | -45.7% |
| Operating profit (loss) | 9901 | €46,207 | €15,551 | -€30,656 | -66.3% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €15,599 | €11,740 | -€3,859 | -24.7% |
| Recurring financial charges | 65 | €15,599 | €11,740 | -€3,859 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €30,608 | €3,816 | -€26,792 | -87.5% |
| Income taxes | 67/77 | €514 | €388 | -€126 | -24.5% |
| Profit (loss) for the period | 9904 | €30,094 | €3,428 | -€26,666 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,094 | €3,428 | -€26,666 | -88.6% |
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 29 October 2026 via checked.be.