AGATELECOM: 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.
AGATELECOM
Largest movements
- Tangible fixed assets -€31,094
down €31,094 (-47.8%), from €65,000 to €33,906
of which Furniture and vehicles: -€20,954
- Cash -€10,923
down €10,923 (-40.0%), from €27,305 to €16,382
mainly Contributions, distributions and other (-€48,250) and Tax, wage and social debts (-€26,584)
- Deferred charges and accrued income -€3,755
no longer reported in 2025 (was €3,755)
- Receivables within one year +€2,034
up €2,034 (+3.2%), from €62,890 to €64,924
of which Trade receivables: +€19,916
- Tax, wage and social debts -€26,584
down €26,584 (-42.0%), from €63,268 to €36,684
of which Taxes: -€27,273
- Debts after one year -€9,026
down €9,026 (-37.2%), from €24,252 to €15,226
- Trade debts -€7,847
down €7,847 (-34.4%), from €22,814 to €14,967
- Gross operating margin -€38,566
down €38,566 (-18.9%), from €203,782 to €165,216
- Depreciation -€26,440
down €26,440 (-67.4%), from €39,247 to €12,807
- Other operating charges -€15,111
down €15,111 (-49.7%), from €30,433 to €15,322
- Staff costs -€12,403
down €12,403 (-17.2%), from €72,041 to €59,638
- Financial charges +€2,755
up €2,755 (+47.2%), from €5,837 to €8,592
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 | €159,000 | €115,261 | -€43,738 | -27.5% |
| Fixed assets | 21/28 | €65,050 | €33,956 | -€31,094 | -47.8% |
| Tangible fixed assets | 22/27 | €65,000 | €33,906 | -€31,094 | -47.8% |
| Plant, machinery and equipment | 23 | €40,396 | €30,255 | -€10,141 | -25.1% |
| Furniture and vehicles | 24 | €24,604 | €3,651 | -€20,954 | -85.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €93,950 | €81,306 | -€12,644 | -13.5% |
| Amounts receivable within one year | 40/41 | €62,890 | €64,924 | +€2,034 | +3.2% |
| Trade receivables | 40 | €31,386 | €51,302 | +€19,916 | +63.5% |
| Other amounts receivable | 41 | €31,504 | €13,622 | -€17,882 | -56.8% |
| Cash at bank and in hand | 54/58 | €27,305 | €16,382 | -€10,923 | -40.0% |
| Deferred charges and accrued income | 490/1 | €3,755 | - | -€3,755 | |
| Total equity and liabilities | 10/49 | €159,000 | €115,261 | -€43,738 | -27.5% |
| Equity | 10/15 | €40,224 | €39,358 | -€867 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,014 | €148 | -€867 | -85.4% |
| Amounts payable | 17/49 | €118,775 | €75,904 | -€42,872 | -36.1% |
| Amounts payable after more than one year | 17 | €24,252 | €15,226 | -€9,026 | -37.2% |
| Financial debts | 170/4 | €24,252 | €15,226 | -€9,026 | -37.2% |
| Amounts payable within one year | 42/48 | €94,523 | €60,678 | -€33,846 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €8,441 | €9,026 | +€585 | +6.9% |
| Trade debts | 44 | €22,814 | €14,967 | -€7,847 | -34.4% |
| Suppliers | 440/4 | €22,814 | €14,967 | -€7,847 | -34.4% |
| Taxes, remuneration and social security | 45 | €63,268 | €36,684 | -€26,584 | -42.0% |
| Taxes | 450/3 | €57,747 | €30,474 | -€27,273 | -47.2% |
| Remuneration and social security | 454/9 | €5,521 | €6,211 | +€689 | +12.5% |
| Remuneration, social security and pensions | 62 | €72,041 | €59,638 | -€12,403 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,247 | €12,807 | -€26,440 | -67.4% |
| Other operating charges | 640/8 | €30,433 | €15,322 | -€15,111 | -49.7% |
| Gross operating margin | 9900 | €203,782 | €165,216 | -€38,566 | -18.9% |
| Operating profit (loss) | 9901 | €62,061 | €77,449 | +€15,389 | +24.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,837 | €8,592 | +€2,755 | +47.2% |
| Recurring financial charges | 65 | €5,837 | €8,592 | +€2,755 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €56,224 | €68,859 | +€12,635 | +22.5% |
| Income taxes | 67/77 | €20,467 | €21,476 | +€1,009 | +4.9% |
| Profit (loss) for the period | 9904 | €35,757 | €47,383 | +€11,627 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,757 | €47,383 | +€11,627 | +32.5% |
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 20 October 2026 via checked.be.