AGAPA: what changed
Two fiscal 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.
AGAPA
Largest movements
- Financial fixed assets +€25.7m
up €25.7m (+1097.4%), from €2.3m to €28.1m
- Revaluation surpluses +€25.7m
new in 2025: €25.7m
- Financial income +€56,165
up €56,165, from €0 to €56,165
- Financial charges -€732
down €732 (-4.2%), from €17,448 to €16,716
- Gross operating margin -€243
down €243 (-7.9%), from -€3,091 to -€3,334
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.
Cash bridge derived
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 | €2,361,165 | €28,101,320 | +€25.7m | +1090.1% |
| Fixed assets | 21/28 | €2,345,544 | €28,085,971 | +€25.7m | +1097.4% |
| Financial fixed assets | 28 | €2,345,544 | €28,085,971 | +€25.7m | +1097.4% |
| Current assets | 29/58 | €15,620 | €15,350 | -€271 | -1.7% |
| Cash at bank and in hand | 54/58 | €15,620 | €15,350 | -€271 | -1.7% |
| Total equity and liabilities | 10/49 | €2,361,165 | €28,101,320 | +€25.7m | +1090.1% |
| Equity | 10/15 | €331,545 | €26,106,989 | +€25.8m | +7774.3% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €25,740,426 | +€25.7m | |
| Reserves | 13 | €402 | €402 | = | 0.0% |
| Non-distributable reserves | 130/1 | €402 | €402 | = | 0.0% |
| Reserves not available under the articles | 1311 | €402 | €402 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€168,857 | -€133,839 | +€35,017 | +20.7% |
| Amounts payable | 17/49 | €2,029,619 | €1,994,331 | -€35,288 | -1.7% |
| Amounts payable after more than one year | 17 | €1,936,741 | €1,902,241 | -€34,500 | -1.8% |
| Other amounts payable | 178/9 | €1,936,741 | €1,902,241 | -€34,500 | -1.8% |
| Amounts payable within one year | 42/48 | €92,878 | €86,200 | -€6,678 | -7.2% |
| Trade debts | 44 | €3,100 | €3,200 | +€100 | +3.2% |
| Suppliers | 440/4 | €3,100 | €3,200 | +€100 | +3.2% |
| Taxes, remuneration and social security | 45 | €2,034 | €0 | -€2,034 | -100.0% |
| Taxes | 450/3 | €2,034 | €0 | -€2,034 | -100.0% |
| Other amounts payable | 47/48 | €87,745 | €83,000 | -€4,745 | -5.4% |
| Accrued charges and deferred income | 492/3 | - | €5,890 | +€5,890 | |
| Other operating charges | 640/8 | €1,068 | €1,098 | +€31 | +2.9% |
| Gross operating margin | 9900 | -€3,091 | -€3,334 | -€243 | -7.9% |
| Operating profit (loss) | 9901 | -€4,158 | -€4,432 | -€274 | -6.6% |
| Financial income | 75/76B | €0 | €56,165 | +€56,165 | |
| Recurring financial income | 75 | €0 | €56,165 | +€56,165 | |
| Financial charges | 65/66B | €17,448 | €16,716 | -€732 | -4.2% |
| Recurring financial charges | 65 | €17,448 | €16,716 | -€732 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,606 | €35,017 | +€56,623 | |
| Profit (loss) for the period | 9904 | -€21,606 | €35,017 | +€56,623 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,606 | €35,017 | +€56,623 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.