AGAZZI: 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.
AGAZZI
Largest movements
- Tangible fixed assets -€11,520
down €11,520 (-8.4%), from €137,575 to €126,055
of which Land and buildings: -€8,172
- Cash +€3,561
up €3,561 (+101%), from €3,527 to €7,088
mainly Depreciation (+€11,520) and Receivables within one year (+€3,539)
- Receivables within one year -€3,539
down €3,539 (-64.3%), from €5,504 to €1,966
of which Trade receivables: -€5,172
- Debts after one year -€10,045
down €10,045 (-14.5%), from €69,362 to €59,318
- Other debts +€3,286
up €3,286 (+13.0%), from €25,198 to €28,484
- Gross operating margin -€8,061
down €8,061 (-32.7%), from €24,675 to €16,613
- Taxes -€2,201
down €2,201 (-53.7%), from €4,097 to €1,896
- Financial charges -€882
down €882 (-27.9%), from €3,166 to €2,284
- Financial income +€600
up €600 (+681%), from €88 to €688
- Depreciation -€499
down €499 (-4.1%), from €12,018 to €11,520
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 | €161,313 | €150,809 | -€10,504 | -6.5% |
| Fixed assets | 21/28 | €137,575 | €126,055 | -€11,520 | -8.4% |
| Tangible fixed assets | 22/27 | €137,575 | €126,055 | -€11,520 | -8.4% |
| Land and buildings | 22 | €128,495 | €120,324 | -€8,172 | -6.4% |
| Plant, machinery and equipment | 23 | €808 | €538 | -€269 | -33.3% |
| Furniture and vehicles | 24 | €2,374 | €0 | -€2,374 | -100% |
| Other tangible fixed assets | 26 | €5,898 | €5,193 | -€705 | -12.0% |
| Current assets | 29/58 | €23,738 | €24,754 | +€1,016 | +4.3% |
| Amounts receivable within one year | 40/41 | €5,504 | €1,966 | -€3,539 | -64.3% |
| Trade receivables | 40 | €5,504 | €333 | -€5,172 | -94.0% |
| Other amounts receivable | 41 | - | €1,633 | +€1,633 | |
| Current investments | 50/53 | €12,408 | €12,766 | +€358 | +2.9% |
| Cash at bank and in hand | 54/58 | €3,527 | €7,088 | +€3,561 | +101% |
| Deferred charges and accrued income | 490/1 | €2,299 | €2,935 | +€636 | +27.7% |
| Total equity and liabilities | 10/49 | €161,313 | €150,809 | -€10,504 | -6.5% |
| Equity | 10/15 | €49,921 | €48,533 | -€1,389 | -2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €34,948 | €34,948 | = | 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% |
| Distributable reserves | 133 | €33,088 | €33,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,573 | €1,185 | -€1,389 | -54.0% |
| Amounts payable | 17/49 | €111,392 | €102,277 | -€9,115 | -8.2% |
| Amounts payable after more than one year | 17 | €69,362 | €59,318 | -€10,045 | -14.5% |
| Financial debts | 170/4 | €69,362 | €59,318 | -€10,045 | -14.5% |
| Amounts payable within one year | 42/48 | €41,055 | €41,937 | +€882 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €11,638 | €10,045 | -€1,593 | -13.7% |
| Trade debts | 44 | €1,819 | €1,359 | -€460 | -25.3% |
| Suppliers | 440/4 | €1,819 | €1,359 | -€460 | -25.3% |
| Advances received on contracts in progress | 46 | €351 | €0 | -€351 | -100% |
| Taxes, remuneration and social security | 45 | €2,048 | €2,048 | = | 0.0% |
| Taxes | 450/3 | €2,048 | €2,048 | = | 0.0% |
| Other amounts payable | 47/48 | €25,198 | €28,484 | +€3,286 | +13.0% |
| Accrued charges and deferred income | 492/3 | €975 | €1,022 | +€47 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,018 | €11,520 | -€499 | -4.1% |
| Other operating charges | 640/8 | €2,908 | €2,990 | +€82 | +2.8% |
| Gross operating margin | 9900 | €24,675 | €16,613 | -€8,061 | -32.7% |
| Operating profit (loss) | 9901 | €9,748 | €2,103 | -€7,645 | -78.4% |
| Financial income | 75/76B | €88 | €688 | +€600 | +681% |
| Recurring financial income | 75 | €88 | €688 | +€600 | +681% |
| Financial charges | 65/66B | €3,166 | €2,284 | -€882 | -27.9% |
| Recurring financial charges | 65 | €3,166 | €2,284 | -€882 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €6,670 | €508 | -€6,163 | -92.4% |
| Income taxes | 67/77 | €4,097 | €1,896 | -€2,201 | -53.7% |
| Profit (loss) for the period | 9904 | €2,573 | -€1,389 | -€3,962 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,573 | -€1,389 | -€3,962 |
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 18 October 2026 via checked.be.