AGAPE FLOW: 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.
AGAPE FLOW
Largest movements
- Current investments -€30,000
down €30,000 (-17.6%), from €170,000 to €140,000
- Tangible fixed assets -€10,606
down €10,606 (-32.1%), from €33,029 to €22,423
of which Other tangible fixed assets: -€10,357
- Cash -€5,663
down €5,663 (-28.4%), from €19,946 to €14,283
mainly Net result for the year (-€30,126) and Debts after one year (-€10,367)
- Receivables within one year +€2,411
up €2,411 (+43.4%), from €5,551 to €7,961
of which Trade receivables: +€1,628
- Profit (loss) carried forward -€30,126
new in 2025: -€30,126
- Debts after one year -€10,367
down €10,367 (-32.8%), from €31,568 to €21,201
- Gross operating margin -€177,943
down €177,943, from €158,256 to -€19,687
- Financial charges -€43,058
down €43,058 (-98.3%), from €43,809 to €751
of which Non-recurring financial charges: -€41,896
- Taxes -€39,042
down €39,042 (-96.9%), from €40,273 to €1,231
- Depreciation -€8,730
down €8,730 (-45.2%), from €19,336 to €10,606
- Financial income -€3,130
down €3,130 (-54.5%), from €5,740 to €2,610
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 | €233,855 | €190,023 | -€43,832 | -18.7% |
| Fixed assets | 21/28 | €33,029 | €22,423 | -€10,606 | -32.1% |
| Tangible fixed assets | 22/27 | €33,029 | €22,423 | -€10,606 | -32.1% |
| Furniture and vehicles | 24 | €248 | - | -€248 | |
| Other tangible fixed assets | 26 | €32,781 | €22,423 | -€10,357 | -31.6% |
| Current assets | 29/58 | €200,826 | €167,600 | -€33,226 | -16.5% |
| Amounts receivable within one year | 40/41 | €5,551 | €7,961 | +€2,411 | +43.4% |
| Trade receivables | 40 | - | €1,628 | +€1,628 | |
| Other amounts receivable | 41 | €5,551 | €6,333 | +€783 | +14.1% |
| Current investments | 50/53 | €170,000 | €140,000 | -€30,000 | -17.6% |
| Cash at bank and in hand | 54/58 | €19,946 | €14,283 | -€5,663 | -28.4% |
| Deferred charges and accrued income | 490/1 | €5,329 | €5,355 | +€27 | +0.5% |
| Total equity and liabilities | 10/49 | €233,855 | €190,023 | -€43,832 | -18.7% |
| Equity | 10/15 | €179,449 | €149,322 | -€30,126 | -16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,849 | €160,849 | = | 0.0% |
| Distributable reserves | 133 | €160,849 | €160,849 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€30,126 | -€30,126 | |
| Amounts payable | 17/49 | €54,406 | €40,701 | -€13,705 | -25.2% |
| Amounts payable after more than one year | 17 | €31,568 | €21,201 | -€10,367 | -32.8% |
| Financial debts | 170/4 | €31,568 | €21,201 | -€10,367 | -32.8% |
| Amounts payable within one year | 42/48 | €22,825 | €19,500 | -€3,325 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €10,215 | €10,367 | +€152 | +1.5% |
| Trade debts | 44 | €1,717 | €1,993 | +€276 | +16.1% |
| Suppliers | 440/4 | €1,717 | €1,993 | +€276 | +16.1% |
| Taxes, remuneration and social security | 45 | €3,255 | €1,231 | -€2,024 | -62.2% |
| Taxes | 450/3 | €3,255 | €1,231 | -€2,024 | -62.2% |
| Other amounts payable | 47/48 | €7,638 | €5,909 | -€1,729 | -22.6% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,336 | €10,606 | -€8,730 | -45.2% |
| Other operating charges | 640/8 | €896 | €462 | -€434 | -48.5% |
| Gross operating margin | 9900 | €158,256 | -€19,687 | -€177,943 | |
| Operating profit (loss) | 9901 | €138,024 | -€30,755 | -€168,778 | |
| Financial income | 75/76B | €5,740 | €2,610 | -€3,130 | -54.5% |
| Recurring financial income | 75 | €5,740 | €2,610 | -€3,130 | -54.5% |
| Financial charges | 65/66B | €43,809 | €751 | -€43,058 | -98.3% |
| Recurring financial charges | 65 | €1,913 | €751 | -€1,163 | -60.8% |
| Non-recurring financial charges | 66B | €41,896 | - | -€41,896 | |
| Profit (loss) for the period before taxes | 9903 | €99,954 | -€28,896 | -€128,850 | |
| Income taxes | 67/77 | €40,273 | €1,231 | -€39,042 | -96.9% |
| Profit (loss) for the period | 9904 | €59,681 | -€30,126 | -€89,808 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,681 | -€30,126 | -€89,808 |
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 11 October 2026 via checked.be.