AGAPI: 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.
AGAPI
Largest movements
- Tangible fixed assets -€7,711
down €7,711 (-4.0%), from €190,651 to €182,940
of which Land and buildings: -€7,441
- Profit (loss) carried forward +€11,587
up €11,587 (+10.0%), from -€116,365 to -€104,777
- Other debts -€10,203
down €10,203 (-4.1%), from €249,579 to €239,377
- Debts after one year -€8,313
down €8,313 (-32.7%), from €25,395 to €17,081
of which Financial debts: -€8,313
- Gross operating margin +€13,445
up €13,445 (+114.4%), from €11,748 to €25,194
- Depreciation -€7,740
down €7,740 (-50.1%), from €15,451 to €7,711
- Other operating charges +€433
up €433 (+12.3%), from €3,508 to €3,941
- Financial charges -€364
down €364 (-14.4%), from €2,532 to €2,168
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 | €191,411 | €183,777 | -€7,634 | -4.0% |
| Fixed assets | 21/28 | €190,651 | €182,940 | -€7,711 | -4.0% |
| Tangible fixed assets | 22/27 | €190,651 | €182,940 | -€7,711 | -4.0% |
| Land and buildings | 22 | €189,923 | €182,482 | -€7,441 | -3.9% |
| Plant, machinery and equipment | 23 | €728 | €458 | -€269 | -37.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €760 | €837 | +€77 | +10.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €760 | €0 | -€760 | -100.0% |
| Trade receivables | 40 | €760 | €0 | -€760 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | - | €484 | +€484 | |
| Deferred charges and accrued income | 490/1 | - | €353 | +€353 | |
| Total equity and liabilities | 10/49 | €191,411 | €183,777 | -€7,634 | -4.0% |
| Equity | 10/15 | -€97,772 | -€86,185 | +€11,587 | +11.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€116,365 | -€104,777 | +€11,587 | +10.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €289,183 | €269,963 | -€19,221 | -6.6% |
| Amounts payable after more than one year | 17 | €25,395 | €17,081 | -€8,313 | -32.7% |
| Financial debts | 170/4 | €25,395 | €17,081 | -€8,313 | -32.7% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €262,914 | €252,006 | -€10,907 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €7,927 | €8,313 | +€386 | +4.9% |
| Financial debts | 43 | €1,105 | €0 | -€1,105 | -100.0% |
| Credit institutions | 430/8 | €1,105 | €0 | -€1,105 | -100.0% |
| Trade debts | 44 | €4,302 | €4,316 | +€14 | +0.3% |
| Suppliers | 440/4 | €4,302 | €4,316 | +€14 | +0.3% |
| Other amounts payable | 47/48 | €249,579 | €239,377 | -€10,203 | -4.1% |
| Accrued charges and deferred income | 492/3 | €875 | €875 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,451 | €7,711 | -€7,740 | -50.1% |
| Other operating charges | 640/8 | €3,508 | €3,941 | +€433 | +12.3% |
| Non-recurring operating charges | 66A | €2,811 | €37 | -€2,774 | -98.7% |
| Gross operating margin | 9900 | €11,748 | €25,194 | +€13,445 | +114.4% |
| Operating profit (loss) | 9901 | -€10,023 | €13,505 | +€23,527 | |
| Financial income | 75/76B | - | €250 | +€250 | |
| Recurring financial income | 75 | - | €250 | +€250 | |
| Financial charges | 65/66B | €2,532 | €2,168 | -€364 | -14.4% |
| Recurring financial charges | 65 | €2,532 | €2,168 | -€364 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,554 | €11,587 | +€24,141 | |
| Transfer from deferred taxes | 780 | €4,300 | €0 | -€4,300 | -100.0% |
| Profit (loss) for the period | 9904 | -€8,254 | €11,587 | +€19,841 | |
| Transfer from tax-exempt reserves | 789 | €8,485 | €0 | -€8,485 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €231 | €11,587 | +€11,356 | +4910.9% |
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 6 October 2026 via checked.be.