AGAPPI: 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.
AGAPPI
Largest movements
- Cash +€6,404
up €6,404 (+452.5%), from €1,415 to €7,819
mainly Other debts (+€48,578) and Receivables within one year (+€4,879)
- Receivables within one year -€4,879
down €4,879 (-79.5%), from €6,140 to €1,261
- Tangible fixed assets -€550
down €550 (-54.5%), from €1,008 to €458
- Other debts +€48,578
up €48,578 (+202.6%), from €23,972 to €72,551
- Profit (loss) carried forward -€33,405
down €33,405 (-90.0%), from -€37,123 to -€70,528
- Trade debts -€7,781
down €7,781 (-79.1%), from €9,835 to €2,053
- Tax, wage and social debts -€6,417
down €6,417 (-46.2%), from €13,904 to €7,487
of which Remuneration and social security: -€5,529
- Gross operating margin -€5,545
down €5,545 (-56.3%), from -€9,848 to -€15,392
- Staff costs -€5,512
down €5,512 (-25.4%), from €21,681 to €16,169
- Financial charges +€296
up €296 (+31.6%), from €938 to €1,234
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 | €14,589 | €15,563 | +€975 | +6.7% |
| Fixed assets | 21/28 | €7,033 | €6,483 | -€550 | -7.8% |
| Tangible fixed assets | 22/27 | €1,008 | €458 | -€550 | -54.5% |
| Furniture and vehicles | 24 | €1,008 | €458 | -€550 | -54.5% |
| Financial fixed assets | 28 | €6,025 | €6,025 | = | 0.0% |
| Current assets | 29/58 | €7,555 | €9,080 | +€1,525 | +20.2% |
| Amounts receivable within one year | 40/41 | €6,140 | €1,261 | -€4,879 | -79.5% |
| Trade receivables | 40 | €6,140 | €1,261 | -€4,879 | -79.5% |
| Cash at bank and in hand | 54/58 | €1,415 | €7,819 | +€6,404 | +452.5% |
| Total equity and liabilities | 10/49 | €14,589 | €15,563 | +€975 | +6.7% |
| Equity | 10/15 | -€33,123 | -€66,528 | -€33,405 | -100.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,123 | -€70,528 | -€33,405 | -90.0% |
| Amounts payable | 17/49 | €47,712 | €82,092 | +€34,380 | +72.1% |
| Amounts payable within one year | 42/48 | €47,712 | €82,092 | +€34,380 | +72.1% |
| Trade debts | 44 | €9,835 | €2,053 | -€7,781 | -79.1% |
| Suppliers | 440/4 | €9,835 | €2,053 | -€7,781 | -79.1% |
| Taxes, remuneration and social security | 45 | €13,904 | €7,487 | -€6,417 | -46.2% |
| Taxes | 450/3 | €5,786 | €4,898 | -€888 | -15.4% |
| Remuneration and social security | 454/9 | €8,118 | €2,589 | -€5,529 | -68.1% |
| Other amounts payable | 47/48 | €23,972 | €72,551 | +€48,578 | +202.6% |
| Remuneration, social security and pensions | 62 | €21,681 | €16,169 | -€5,512 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550 | €550 | = | 0.0% |
| Other operating charges | 640/8 | €150 | €100 | -€50 | -33.3% |
| Gross operating margin | 9900 | -€9,848 | -€15,392 | -€5,545 | -56.3% |
| Operating profit (loss) | 9901 | -€32,228 | -€32,211 | +€17 | +0.1% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €938 | €1,234 | +€296 | +31.6% |
| Recurring financial charges | 65 | €938 | €1,234 | +€296 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,166 | -€33,405 | -€239 | -0.7% |
| Profit (loss) for the period | 9904 | -€33,166 | -€33,405 | -€239 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,166 | -€33,405 | -€239 | -0.7% |
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 3 October 2026 via checked.be.