AGATHUM: 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.
AGATHUM
Largest movements
- Receivables within one year +€57,680
up €57,680 (+4.0%), from €1.4m to €1.5m
- Reserves +€34,994
up €34,994 (+17.3%), from €202,837 to €237,831
- Financial income +€16,070
up €16,070 (+38.1%), from €42,222 to €58,292
- Taxes -€1,383
down €1,383 (-10.4%), from €13,267 to €11,885
- Gross operating margin -€534
down €534 (-33.3%), from -€1,605 to -€2,139
- Other operating charges -€262
down €262 (-17.2%), from €1,518 to €1,256
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 | €1,620,514 | €1,671,057 | +€50,544 | +3.1% |
| Fixed assets | 21/28 | €177,713 | €169,723 | -€7,990 | -4.5% |
| Tangible fixed assets | 22/27 | €27,713 | €19,723 | -€7,990 | -28.8% |
| Furniture and vehicles | 24 | €27,713 | €19,723 | -€7,990 | -28.8% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €1,442,800 | €1,501,334 | +€58,534 | +4.1% |
| Amounts receivable within one year | 40/41 | €1,441,589 | €1,499,269 | +€57,680 | +4.0% |
| Other amounts receivable | 41 | €1,441,589 | €1,499,269 | +€57,680 | +4.0% |
| Cash at bank and in hand | 54/58 | €1,212 | €2,065 | +€854 | +70.4% |
| Total equity and liabilities | 10/49 | €1,620,514 | €1,671,057 | +€50,544 | +3.1% |
| Equity | 10/15 | €345,337 | €380,331 | +€34,994 | +10.1% |
| Contributions | 10/11 | €142,500 | €142,500 | = | 0.0% |
| Reserves | 13 | €202,837 | €237,831 | +€34,994 | +17.3% |
| Distributable reserves | 133 | €202,837 | €237,831 | +€34,994 | +17.3% |
| Amounts payable | 17/49 | €1,275,176 | €1,290,726 | +€15,550 | +1.2% |
| Amounts payable after more than one year | 17 | €1,223,038 | €1,223,038 | = | 0.0% |
| Other amounts payable | 178/9 | €1,223,038 | €1,223,038 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,139 | €67,689 | +€15,550 | +29.8% |
| Trade debts | 44 | €300 | €0 | -€300 | -100.0% |
| Suppliers | 440/4 | €300 | €0 | -€300 | -100.0% |
| Other amounts payable | 47/48 | €51,839 | €67,689 | +€15,850 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,990 | €7,990 | = | 0.0% |
| Other operating charges | 640/8 | €1,518 | €1,256 | -€262 | -17.2% |
| Gross operating margin | 9900 | -€1,605 | -€2,139 | -€534 | -33.3% |
| Operating profit (loss) | 9901 | -€11,112 | -€11,384 | -€272 | -2.4% |
| Financial income | 75/76B | €42,222 | €58,292 | +€16,070 | +38.1% |
| Recurring financial income | 75 | €42,222 | €58,292 | +€16,070 | +38.1% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €31,080 | €46,878 | +€15,798 | +50.8% |
| Income taxes | 67/77 | €13,267 | €11,885 | -€1,383 | -10.4% |
| Profit (loss) for the period | 9904 | €17,812 | €34,994 | +€17,181 | +96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,812 | €34,994 | +€17,181 | +96.5% |
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 9 October 2026 via checked.be.