AGAPANTHUS: 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.
AGAPANTHUS
Largest movements
- Tangible fixed assets +€241,315
up €241,315 (+37.6%), from €642,173 to €883,488
of which Plant, machinery and equipment: +€268,638
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Cash +€168,343
up €168,343 (+455%), from €37,033 to €205,376
mainly Debts after one year (+€331,539) and Current investments (+€200,000)
- Receivables within one year +€158,682
up €158,682 (+1,129%), from €14,056 to €172,738
of which Other amounts receivable: +€144,889
- Receivables after one year +€25,000
new in 2025: €25,000
- Debts after one year +€331,539
up €331,539 (+73.0%), from €453,854 to €785,393
- Reserves +€73,670
up €73,670 (+19.6%), from €375,077 to €448,747
- Taxes -€11,744
down €11,744 (-82.7%), from €14,201 to €2,457
- Gross operating margin +€8,562
up €8,562 (+4.9%), from €175,448 to €184,010
- Depreciation +€5,743
up €5,743 (+9.3%), from €61,531 to €67,274
- Staff costs +€4,060
up €4,060 (+17.1%), from €23,691 to €27,751
- Financial income +€2,344
up €2,344 (+69.4%), from €3,376 to €5,720
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 | €1,008,377 | €1,417,140 | +€408,763 | +40.5% |
| Fixed assets | 21/28 | €642,173 | €903,313 | +€261,140 | +40.7% |
| Intangible fixed assets | 21 | - | €19,826 | +€19,826 | |
| Tangible fixed assets | 22/27 | €642,173 | €883,488 | +€241,315 | +37.6% |
| Land and buildings | 22 | €392,866 | €375,232 | -€17,634 | -4.5% |
| Plant, machinery and equipment | 23 | €221,692 | €490,331 | +€268,638 | +121% |
| Furniture and vehicles | 24 | €2,795 | €1,800 | -€996 | -35.6% |
| Leasing and similar rights | 25 | €24,820 | €16,126 | -€8,694 | -35.0% |
| Current assets | 29/58 | €366,204 | €513,827 | +€147,623 | +40.3% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Stocks and contracts in progress | 3 | €115,115 | €110,712 | -€4,403 | -3.8% |
| Stocks | 30/36 | €19,135 | €28,462 | +€9,327 | +48.7% |
| Contracts in progress | 37 | €95,980 | €82,250 | -€13,729 | -14.3% |
| Amounts receivable within one year | 40/41 | €14,056 | €172,738 | +€158,682 | +1,129% |
| Trade receivables | 40 | €6,310 | €20,103 | +€13,794 | +219% |
| Other amounts receivable | 41 | €7,746 | €152,635 | +€144,889 | +1,870% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €37,033 | €205,376 | +€168,343 | +455% |
| Total equity and liabilities | 10/49 | €1,008,377 | €1,417,140 | +€408,763 | +40.5% |
| Equity | 10/15 | €425,077 | €498,747 | +€73,670 | +17.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €375,077 | €448,747 | +€73,670 | +19.6% |
| Distributable reserves | 133 | €375,077 | €448,747 | +€73,670 | +19.6% |
| Amounts payable | 17/49 | €583,301 | €918,394 | +€335,093 | +57.4% |
| Amounts payable after more than one year | 17 | €453,854 | €785,393 | +€331,539 | +73.0% |
| Financial debts | 170/4 | €453,854 | €785,393 | +€331,539 | +73.0% |
| Amounts payable within one year | 42/48 | €129,447 | €133,001 | +€3,554 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €56,828 | €68,461 | +€11,633 | +20.5% |
| Trade debts | 44 | €2,732 | €3,232 | +€500 | +18.3% |
| Suppliers | 440/4 | €2,732 | €3,232 | +€500 | +18.3% |
| Taxes, remuneration and social security | 45 | €4,765 | €5,948 | +€1,184 | +24.8% |
| Taxes | 450/3 | €4,602 | €4,624 | +€21 | +0.5% |
| Remuneration and social security | 454/9 | €162 | €1,324 | +€1,162 | +716% |
| Other amounts payable | 47/48 | €65,123 | €55,360 | -€9,763 | -15.0% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €23,691 | €27,751 | +€4,060 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,531 | €67,274 | +€5,743 | +9.3% |
| Other operating charges | 640/8 | €1,882 | €2,765 | +€883 | +46.9% |
| Gross operating margin | 9900 | €175,448 | €184,010 | +€8,562 | +4.9% |
| Operating profit (loss) | 9901 | €88,343 | €86,219 | -€2,124 | -2.4% |
| Financial income | 75/76B | €3,376 | €5,720 | +€2,344 | +69.4% |
| Recurring financial income | 75 | €3,376 | €5,720 | +€2,344 | +69.4% |
| Financial charges | 65/66B | €14,805 | €15,812 | +€1,006 | +6.8% |
| Recurring financial charges | 65 | €14,805 | €15,812 | +€1,006 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €76,914 | €76,128 | -€786 | -1.0% |
| Income taxes | 67/77 | €14,201 | €2,457 | -€11,744 | -82.7% |
| Profit (loss) for the period | 9904 | €62,712 | €73,670 | +€10,958 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,712 | €73,670 | +€10,958 | +17.5% |
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 28 October 2026 via checked.be.