AGIADES: 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.
AGIADES
Largest movements
- Cash +€37,438
up €37,438 (+83.1%), from €45,072 to €82,510
mainly Net result for the year (+€38,701) and Tax, wage and social debts (+€9,649)
- Receivables within one year +€10,961
up €10,961 (+2,615%), from €419 to €11,380
of which Trade receivables: +€11,380
- Reserves +€37,500
up €37,500 (+125%), from €30,000 to €67,500
- Tax, wage and social debts +€9,649
up €9,649 (+128%), from €7,537 to €17,186
- Profit (loss) carried forward +€1,201
up €1,201 (+33.1%), from €3,625 to €4,826
- Gross operating margin +€26,770
up €26,770 (+94.7%), from €28,270 to €55,041
- Taxes +€8,802
up €8,802 (+133%), from €6,596 to €15,398
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 | €46,438 | €94,512 | +€48,074 | +104% |
| Fixed assets | 21/28 | €947 | €622 | -€325 | -34.3% |
| Intangible fixed assets | 21 | €947 | €622 | -€325 | -34.3% |
| Current assets | 29/58 | €45,491 | €93,890 | +€48,399 | +106% |
| Amounts receivable within one year | 40/41 | €419 | €11,380 | +€10,961 | +2,615% |
| Trade receivables | 40 | - | €11,380 | +€11,380 | |
| Other amounts receivable | 41 | €419 | - | -€419 | |
| Cash at bank and in hand | 54/58 | €45,072 | €82,510 | +€37,438 | +83.1% |
| Total equity and liabilities | 10/49 | €46,438 | €94,512 | +€48,074 | +104% |
| Equity | 10/15 | €38,625 | €77,326 | +€38,701 | +100% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €67,500 | +€37,500 | +125% |
| Distributable reserves | 133 | €30,000 | €67,500 | +€37,500 | +125% |
| Profit (loss) carried forward | 14 | €3,625 | €4,826 | +€1,201 | +33.1% |
| Amounts payable | 17/49 | €7,813 | €17,186 | +€9,373 | +120% |
| Amounts payable within one year | 42/48 | €7,813 | €17,186 | +€9,373 | +120% |
| Taxes, remuneration and social security | 45 | €7,537 | €17,186 | +€9,649 | +128% |
| Taxes | 450/3 | €7,537 | €17,186 | +€9,649 | +128% |
| Other amounts payable | 47/48 | €276 | €0 | -€276 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325 | €325 | = | 0.0% |
| Other operating charges | 640/8 | €537 | €552 | +€14 | +2.7% |
| Gross operating margin | 9900 | €28,270 | €55,041 | +€26,770 | +94.7% |
| Operating profit (loss) | 9901 | €27,408 | €54,164 | +€26,756 | +97.6% |
| Financial income | 75/76B | €16 | €0 | -€16 | -100% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -100% |
| Financial charges | 65/66B | €62 | €65 | +€3 | +4.8% |
| Recurring financial charges | 65 | €62 | €65 | +€3 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €27,362 | €54,099 | +€26,738 | +97.7% |
| Income taxes | 67/77 | €6,596 | €15,398 | +€8,802 | +133% |
| Profit (loss) for the period | 9904 | €20,766 | €38,701 | +€17,935 | +86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,766 | €38,701 | +€17,935 | +86.4% |
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 15 October 2026 via checked.be.