AGAVE: 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.
AGAVE
Largest movements
- Cash +€26,259
up €26,259 (+75.2%), from €34,914 to €61,173
mainly Net result for the year (+€49,531) and Trade debts (+€11,552)
- Receivables after one year +€16,318
up €16,318 (+40.7%), from €40,120 to €56,438
- Receivables within one year +€10,491
up €10,491 (+4.4%), from €236,690 to €247,181
of which Trade receivables: +€23,963
- Financial fixed assets -€8,500
down €8,500 (-5.3%), from €159,000 to €150,500
- Reserves +€49,531
up €49,531 (+14.6%), from €340,359 to €389,890
of which Distributable reserves: +€49,531
- Tax, wage and social debts -€17,654
down €17,654 (-45.4%), from €38,921 to €21,267
of which Taxes: -€17,654
- Trade debts +€11,552
up €11,552 (+3,851%), from €300 to €11,852
- Gross operating margin -€24,015
down €24,015 (-23.6%), from €101,960 to €77,946
- Taxes -€1,925
down €1,925 (-6.8%), from €28,401 to €26,476
- Other operating charges -€1,738
down €1,738 (-48.0%), from €3,621 to €1,883
- Financial charges -€1,540
down €1,540 (-90.7%), from €1,698 to €158
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 | €471,863 | €515,292 | +€43,429 | +9.2% |
| Fixed assets | 21/28 | €160,139 | €150,500 | -€9,639 | -6.0% |
| Tangible fixed assets | 22/27 | €1,139 | €0 | -€1,139 | -100% |
| Furniture and vehicles | 24 | €1,139 | €0 | -€1,139 | -100% |
| Financial fixed assets | 28 | €159,000 | €150,500 | -€8,500 | -5.3% |
| Current assets | 29/58 | €311,724 | €364,792 | +€53,068 | +17.0% |
| Amounts receivable after more than one year | 29 | €40,120 | €56,438 | +€16,318 | +40.7% |
| Other amounts receivable | 291 | €40,120 | €56,438 | +€16,318 | +40.7% |
| Amounts receivable within one year | 40/41 | €236,690 | €247,181 | +€10,491 | +4.4% |
| Trade receivables | 40 | €204,557 | €228,520 | +€23,963 | +11.7% |
| Other amounts receivable | 41 | €32,133 | €18,660 | -€13,473 | -41.9% |
| Cash at bank and in hand | 54/58 | €34,914 | €61,173 | +€26,259 | +75.2% |
| Total equity and liabilities | 10/49 | €471,863 | €515,292 | +€43,429 | +9.2% |
| Equity | 10/15 | €346,559 | €396,090 | +€49,531 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €340,359 | €389,890 | +€49,531 | +14.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €340,359 | €389,890 | +€49,531 | +14.6% |
| Amounts payable | 17/49 | €125,304 | €119,203 | -€6,102 | -4.9% |
| Amounts payable after more than one year | 17 | €86,083 | €86,083 | = | 0.0% |
| Financial debts | 170/4 | €86,083 | €86,083 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,221 | €33,119 | -€6,102 | -15.6% |
| Trade debts | 44 | €300 | €11,852 | +€11,552 | +3,851% |
| Suppliers | 440/4 | €300 | €11,852 | +€11,552 | +3,851% |
| Taxes, remuneration and social security | 45 | €38,921 | €21,267 | -€17,654 | -45.4% |
| Taxes | 450/3 | €38,921 | €21,267 | -€17,654 | -45.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,162 | €1,139 | -€24 | -2.0% |
| Other operating charges | 640/8 | €3,621 | €1,883 | -€1,738 | -48.0% |
| Gross operating margin | 9900 | €101,960 | €77,946 | -€24,015 | -23.6% |
| Operating profit (loss) | 9901 | €97,177 | €74,674 | -€22,503 | -23.2% |
| Financial income | 75/76B | €1,014 | €1,491 | +€477 | +47.1% |
| Recurring financial income | 75 | €1,014 | €1,491 | +€477 | +47.1% |
| Financial charges | 65/66B | €1,698 | €158 | -€1,540 | -90.7% |
| Recurring financial charges | 65 | €1,698 | €158 | -€1,540 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | €96,493 | €76,007 | -€20,486 | -21.2% |
| Income taxes | 67/77 | €28,401 | €26,476 | -€1,925 | -6.8% |
| Profit (loss) for the period | 9904 | €68,092 | €49,531 | -€18,561 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,092 | €49,531 | -€18,561 | -27.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.