AGENDO: what changed
Two fiscal 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.
AGENDO
Largest movements
- Receivables within one year -€61,589
down €61,589 (-14.2%), from €432,915 to €371,325
of which Trade receivables: -€131,969
- Stocks and contracts +€15,000
up €15,000 (+150.0%), from €10,000 to €25,000
- Tangible fixed assets +€6,190
up €6,190 (+17.8%), from €34,757 to €40,946
- Other debts -€35,893
down €35,893 (-16.5%), from €217,382 to €181,489
- Profit (loss) carried forward -€23,848
down €23,848, from €0 to -€23,848
- Trade debts +€10,743
up €10,743 (+29.1%), from €36,873 to €47,617
- Debts after one year -€8,333
down €8,333 (-19.7%), from €42,310 to €33,977
- Short-term financial debts +€8,080
up €8,080 (+4.5%), from €178,443 to €186,524
- Gross operating margin -€30,096
down €30,096 (-18.0%), from €167,346 to €137,250
- Staff costs +€23,006
up €23,006 (+22.9%), from €100,254 to €123,260
- Taxes -€9,680
down €9,680 (-97.1%), from €9,967 to €286
- Depreciation +€3,513
up €3,513 (+31.8%), from €11,056 to €14,569
- Other operating charges +€1,935
up €1,935 (+28.0%), from €6,922 to €8,857
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 | €540,403 | €498,715 | -€41,687 | -7.7% |
| Fixed assets | 21/28 | €35,052 | €41,241 | +€6,190 | +17.7% |
| Tangible fixed assets | 22/27 | €34,757 | €40,946 | +€6,190 | +17.8% |
| Furniture and vehicles | 24 | €34,757 | €40,946 | +€6,190 | +17.8% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €505,351 | €457,474 | -€47,877 | -9.5% |
| Amounts receivable after more than one year | 29 | €49,958 | €49,958 | = | 0.0% |
| Trade receivables | 290 | €49,958 | €49,958 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,000 | €25,000 | +€15,000 | +150.0% |
| Stocks | 30/36 | €10,000 | €25,000 | +€15,000 | +150.0% |
| Amounts receivable within one year | 40/41 | €432,915 | €371,325 | -€61,589 | -14.2% |
| Trade receivables | 40 | €283,977 | €152,008 | -€131,969 | -46.5% |
| Other amounts receivable | 41 | €148,937 | €219,317 | +€70,380 | +47.3% |
| Cash at bank and in hand | 54/58 | €12,478 | €10,257 | -€2,221 | -17.8% |
| Deferred charges and accrued income | 490/1 | €0 | €933 | +€933 | |
| Total equity and liabilities | 10/49 | €540,403 | €498,715 | -€41,687 | -7.7% |
| Equity | 10/15 | €7,431 | -€16,417 | -€23,848 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,431 | €5,431 | = | 0.0% |
| Tax-exempt reserves | 132 | €287 | €287 | = | 0.0% |
| Distributable reserves | 133 | €5,144 | €5,144 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€23,848 | -€23,848 | |
| Amounts payable | 17/49 | €532,972 | €515,133 | -€17,839 | -3.3% |
| Amounts payable after more than one year | 17 | €42,310 | €33,977 | -€8,333 | -19.7% |
| Financial debts | 170/4 | €42,310 | €33,977 | -€8,333 | -19.7% |
| Amounts payable within one year | 42/48 | €490,662 | €481,156 | -€9,506 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €21,426 | €26,696 | +€5,269 | +24.6% |
| Financial debts | 43 | €178,443 | €186,524 | +€8,080 | +4.5% |
| Credit institutions | 430/8 | €178,443 | €186,524 | +€8,080 | +4.5% |
| Trade debts | 44 | €36,873 | €47,617 | +€10,743 | +29.1% |
| Suppliers | 440/4 | €36,873 | €47,617 | +€10,743 | +29.1% |
| Taxes, remuneration and social security | 45 | €36,537 | €38,831 | +€2,293 | +6.3% |
| Taxes | 450/3 | €11,592 | €6,214 | -€5,379 | -46.4% |
| Remuneration and social security | 454/9 | €24,945 | €32,617 | +€7,672 | +30.8% |
| Other amounts payable | 47/48 | €217,382 | €181,489 | -€35,893 | -16.5% |
| Remuneration, social security and pensions | 62 | €100,254 | €123,260 | +€23,006 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,056 | €14,569 | +€3,513 | +31.8% |
| Other operating charges | 640/8 | €6,922 | €8,857 | +€1,935 | +28.0% |
| Gross operating margin | 9900 | €167,346 | €137,250 | -€30,096 | -18.0% |
| Operating profit (loss) | 9901 | €49,115 | -€9,436 | -€58,551 | |
| Financial income | 75/76B | €1 | €821 | +€820 | +81991.0% |
| Recurring financial income | 75 | €1 | €821 | +€820 | +81991.0% |
| Financial charges | 65/66B | €14,874 | €14,947 | +€73 | +0.5% |
| Recurring financial charges | 65 | €14,874 | €14,947 | +€73 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €34,242 | -€23,562 | -€57,804 | |
| Income taxes | 67/77 | €9,967 | €286 | -€9,680 | -97.1% |
| Profit (loss) for the period | 9904 | €24,276 | -€23,848 | -€48,124 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,276 | -€23,848 | -€48,124 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.