AGATHA-MED: what changed
AGATHA-MED
Largest movements
- Cash +€29,565
up €29,565 (+74.8%), from €39,512 to €69,078
mainly Other debts (+€93,005) and Depreciation (+€24,654)
- Tangible fixed assets -€24,654
down €24,654 (-25.4%), from €96,935 to €72,280
of which Land and buildings: -€16,180
- Receivables within one year -€9,294
down €9,294 (-8.2%), from €113,214 to €103,920
of which Other amounts receivable: -€8,322
- Reserves -€97,900
down €97,900 (-21.1%), from €463,860 to €365,960
of which Distributable reserves: -€97,900
- Other debts +€93,005
new in 2025: €93,005
- Profit (loss) carried forward -€20,072
down €20,072 (-6.8%), from €294,490 to €274,418
- Trade debts +€14,765
up €14,765 (+459%), from €3,216 to €17,980
- Gross operating margin -€7,043
down €7,043 (-60.8%), from €11,592 to €4,548
- Depreciation -€1,575
down €1,575 (-6.0%), from €26,230 to €24,654
- Financial charges +€732
up €732 (+267%), from €274 to €1,006
- Other operating charges -€614
down €614 (-17.8%), from €3,447 to €2,833
- Financial income -€337
down €337 (-7.6%), from €4,419 to €4,081
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €794,563 | €787,702 | -€6,860 | -0.9% |
| Fixed assets | 21/28 | €466,935 | €442,280 | -€24,654 | -5.3% |
| Tangible fixed assets | 22/27 | €96,935 | €72,280 | -€24,654 | -25.4% |
| Land and buildings | 22 | €60,797 | €44,616 | -€16,180 | -26.6% |
| Plant, machinery and equipment | 23 | €24,024 | €19,368 | -€4,656 | -19.4% |
| Furniture and vehicles | 24 | €12,114 | €8,296 | -€3,818 | -31.5% |
| Financial fixed assets | 28 | €370,000 | €370,000 | = | 0.0% |
| Current assets | 29/58 | €327,628 | €345,422 | +€17,794 | +5.4% |
| Amounts receivable within one year | 40/41 | €113,214 | €103,920 | -€9,294 | -8.2% |
| Trade receivables | 40 | €972 | €0 | -€972 | -100% |
| Other amounts receivable | 41 | €112,242 | €103,920 | -€8,322 | -7.4% |
| Current investments | 50/53 | €172,424 | €172,424 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,512 | €69,078 | +€29,565 | +74.8% |
| Deferred charges and accrued income | 490/1 | €2,477 | €0 | -€2,477 | -100% |
| Total equity and liabilities | 10/49 | €794,563 | €787,702 | -€6,860 | -0.9% |
| Equity | 10/15 | €764,550 | €646,578 | -€117,972 | -15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €463,860 | €365,960 | -€97,900 | -21.1% |
| Tax-exempt reserves | 132 | €89,250 | €89,250 | = | 0.0% |
| Distributable reserves | 133 | €374,610 | €276,710 | -€97,900 | -26.1% |
| Profit (loss) carried forward | 14 | €294,490 | €274,418 | -€20,072 | -6.8% |
| Provisions and deferred taxes | 16 | €24,900 | €24,900 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,900 | €24,900 | = | 0.0% |
| Other liabilities and charges | 164/5 | €24,900 | €24,900 | = | 0.0% |
| Amounts payable | 17/49 | €5,113 | €116,224 | +€111,111 | +2,173% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €5,113 | €116,224 | +€111,111 | +2,173% |
| Current portion of amounts payable after more than one year | 42 | €1,553 | €0 | -€1,553 | -100% |
| Financial debts | 43 | €344 | €344 | = | 0.0% |
| Credit institutions | 430/8 | €344 | €344 | = | 0.0% |
| Trade debts | 44 | €3,216 | €17,980 | +€14,765 | +459% |
| Suppliers | 440/4 | €3,216 | €17,980 | +€14,765 | +459% |
| Taxes, remuneration and social security | 45 | - | €4,895 | +€4,895 | |
| Taxes | 450/3 | - | €4,895 | +€4,895 | |
| Other amounts payable | 47/48 | - | €93,005 | +€93,005 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,230 | €24,654 | -€1,575 | -6.0% |
| Other operating charges | 640/8 | €3,447 | €2,833 | -€614 | -17.8% |
| Gross operating margin | 9900 | €11,592 | €4,548 | -€7,043 | -60.8% |
| Operating profit (loss) | 9901 | -€18,085 | -€22,939 | -€4,854 | -26.8% |
| Financial income | 75/76B | €4,419 | €4,081 | -€337 | -7.6% |
| Recurring financial income | 75 | €4,419 | €4,081 | -€337 | -7.6% |
| Financial charges | 65/66B | €274 | €1,006 | +€732 | +267% |
| Recurring financial charges | 65 | €274 | €1,006 | +€732 | +267% |
| Profit (loss) for the period before taxes | 9903 | -€13,940 | -€19,864 | -€5,924 | -42.5% |
| Income taxes | 67/77 | €261 | €207 | -€54 | -20.6% |
| Profit (loss) for the period | 9904 | -€14,202 | -€20,072 | -€5,870 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,202 | -€20,072 | -€5,870 | -41.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.