AGASUSHI: 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.
AGASUSHI
Largest movements
- Tangible fixed assets +€56,488
up €56,488 (+866.3%), from €6,520 to €63,008
of which Furniture and vehicles: +€58,024
- Receivables within one year -€9,942
down €9,942 (-16.0%), from €62,209 to €52,267
of which Trade receivables: -€9,884
- Cash -€7,210
down €7,210 (-31.1%), from €23,157 to €15,947
mainly Investment in fixed assets (net) (-€62,327) and Trade debts (-€19,890)
- Debts after one year +€35,012
new in 2025: €35,012
- Trade debts -€19,890
down €19,890 (-43.1%), from €46,152 to €26,262
- Current portion of long-term debt +€12,035
new in 2025: €12,035
- Other debts +€9,268
up €9,268 (+4917.2%), from €188 to €9,456
- Tax, wage and social debts +€4,587
up €4,587 (+24.2%), from €18,970 to €23,557
of which Remuneration and social security: +€5,711
- Staff costs +€86,044
up €86,044 (+72.7%), from €118,377 to €204,420
- Gross operating margin +€59,172
up €59,172 (+38.6%), from €153,386 to €212,559
- Taxes -€7,425
down €7,425 (-82.6%), from €8,992 to €1,567
- Depreciation +€4,677
up €4,677 (+402.1%), from €1,163 to €5,840
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 | €91,887 | €131,223 | +€39,336 | +42.8% |
| Fixed assets | 21/28 | €6,520 | €63,008 | +€56,488 | +866.3% |
| Tangible fixed assets | 22/27 | €6,520 | €63,008 | +€56,488 | +866.3% |
| Plant, machinery and equipment | 23 | €6,520 | €4,984 | -€1,537 | -23.6% |
| Furniture and vehicles | 24 | - | €58,024 | +€58,024 | |
| Current assets | 29/58 | €85,367 | €68,215 | -€17,152 | -20.1% |
| Amounts receivable within one year | 40/41 | €62,209 | €52,267 | -€9,942 | -16.0% |
| Trade receivables | 40 | €57,986 | €48,102 | -€9,884 | -17.0% |
| Other amounts receivable | 41 | €4,223 | €4,165 | -€58 | -1.4% |
| Cash at bank and in hand | 54/58 | €23,157 | €15,947 | -€7,210 | -31.1% |
| Total equity and liabilities | 10/49 | €91,887 | €131,223 | +€39,336 | +42.8% |
| Equity | 10/15 | €26,577 | €24,900 | -€1,676 | -6.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €577 | -€1,100 | -€1,676 | |
| Amounts payable | 17/49 | €65,310 | €106,322 | +€41,012 | +62.8% |
| Amounts payable after more than one year | 17 | - | €35,012 | +€35,012 | |
| Financial debts | 170/4 | - | €35,012 | +€35,012 | |
| Amounts payable within one year | 42/48 | €65,310 | €71,311 | +€6,001 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | - | €12,035 | +€12,035 | |
| Trade debts | 44 | €46,152 | €26,262 | -€19,890 | -43.1% |
| Suppliers | 440/4 | €46,152 | €26,262 | -€19,890 | -43.1% |
| Taxes, remuneration and social security | 45 | €18,970 | €23,557 | +€4,587 | +24.2% |
| Taxes | 450/3 | €11,778 | €10,654 | -€1,124 | -9.5% |
| Remuneration and social security | 454/9 | €7,191 | €12,903 | +€5,711 | +79.4% |
| Other amounts payable | 47/48 | €188 | €9,456 | +€9,268 | +4917.2% |
| Remuneration, social security and pensions | 62 | €118,377 | €204,420 | +€86,044 | +72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,163 | €5,840 | +€4,677 | +402.1% |
| Other operating charges | 640/8 | €129 | €1,442 | +€1,313 | +1015.4% |
| Gross operating margin | 9900 | €153,386 | €212,559 | +€59,172 | +38.6% |
| Operating profit (loss) | 9901 | €33,717 | €856 | -€32,861 | -97.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €148 | €967 | +€818 | +551.8% |
| Recurring financial charges | 65 | €148 | €967 | +€818 | +551.8% |
| Profit (loss) for the period before taxes | 9903 | €33,569 | -€109 | -€33,678 | |
| Income taxes | 67/77 | €8,992 | €1,567 | -€7,425 | -82.6% |
| Profit (loss) for the period | 9904 | €24,577 | -€1,676 | -€26,253 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,577 | -€1,676 | -€26,253 |
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 4 October 2026 via checked.be.