AGIFIN: 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.
AGIFIN
Largest movements
- Cash +€65,916
up €65,916 (+162%), from €40,699 to €106,615
mainly Depreciation (+€49,835) and Net result for the year (+€47,783)
- Intangible fixed assets -€43,450
down €43,450 (-12.2%), from €355,257 to €311,807
- Receivables within one year +€30,291
up €30,291 (+59.3%), from €51,049 to €81,340
of which Trade receivables: +€30,105
- Deferred charges and accrued income -€10,848
down €10,848 (-5.3%), from €204,414 to €193,567
- Profit (loss) carried forward +€47,783
up €47,783 (+58.3%), from €81,951 to €129,734
- Debts after one year -€30,416
down €30,416 (-10.3%), from €295,734 to €265,317
of which Other amounts payable: -€20,000
- Trade debts +€25,244
up €25,244 (+273%), from €9,247 to €34,490
- Other debts -€18,942
down €18,942 (-8.9%), from €212,687 to €193,745
- Tax, wage and social debts +€14,605
up €14,605 (+53.8%), from €27,164 to €41,769
of which Taxes: +€20,722
- Gross operating margin +€72,974
up €72,974 (+45.4%), from €160,699 to €233,672
- Depreciation +€20,829
up €20,829 (+71.8%), from €29,006 to €49,835
- Staff costs -€13,538
down €13,538 (-11.6%), from €116,217 to €102,679
- Taxes +€13,041
up €13,041 (+183%), from €7,128 to €20,169
- Financial charges +€7,250
up €7,250 (+136%), from €5,347 to €12,597
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 | €661,049 | €709,314 | +€48,266 | +7.3% |
| Fixed assets | 21/28 | €364,886 | €327,793 | -€37,093 | -10.2% |
| Intangible fixed assets | 21 | €355,257 | €311,807 | -€43,450 | -12.2% |
| Tangible fixed assets | 22/27 | €9,129 | €15,486 | +€6,357 | +69.6% |
| Furniture and vehicles | 24 | €9,129 | €15,486 | +€6,357 | +69.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €296,162 | €381,521 | +€85,359 | +28.8% |
| Amounts receivable within one year | 40/41 | €51,049 | €81,340 | +€30,291 | +59.3% |
| Trade receivables | 40 | €49,557 | €79,662 | +€30,105 | +60.7% |
| Other amounts receivable | 41 | €1,492 | €1,677 | +€185 | +12.4% |
| Cash at bank and in hand | 54/58 | €40,699 | €106,615 | +€65,916 | +162% |
| Deferred charges and accrued income | 490/1 | €204,414 | €193,567 | -€10,848 | -5.3% |
| Total equity and liabilities | 10/49 | €661,049 | €709,314 | +€48,266 | +7.3% |
| Equity | 10/15 | €91,951 | €139,734 | +€47,783 | +52.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,951 | €129,734 | +€47,783 | +58.3% |
| Amounts payable | 17/49 | €569,098 | €569,581 | +€483 | +0.1% |
| Amounts payable after more than one year | 17 | €295,734 | €265,317 | -€30,416 | -10.3% |
| Financial debts | 170/4 | €155,734 | €145,317 | -€10,416 | -6.7% |
| Other amounts payable | 178/9 | €140,000 | €120,000 | -€20,000 | -14.3% |
| Amounts payable within one year | 42/48 | €273,364 | €301,163 | +€27,799 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €24,266 | €30,855 | +€6,589 | +27.2% |
| Financial debts | 43 | - | €304 | +€304 | |
| Credit institutions | 430/8 | - | €304 | +€304 | |
| Trade debts | 44 | €9,247 | €34,490 | +€25,244 | +273% |
| Suppliers | 440/4 | €9,247 | €34,490 | +€25,244 | +273% |
| Taxes, remuneration and social security | 45 | €27,164 | €41,769 | +€14,605 | +53.8% |
| Taxes | 450/3 | €7,308 | €28,030 | +€20,722 | +284% |
| Remuneration and social security | 454/9 | €19,857 | €13,739 | -€6,118 | -30.8% |
| Other amounts payable | 47/48 | €212,687 | €193,745 | -€18,942 | -8.9% |
| Accrued charges and deferred income | 492/3 | - | €3,101 | +€3,101 | |
| Remuneration, social security and pensions | 62 | €116,217 | €102,679 | -€13,538 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,006 | €49,835 | +€20,829 | +71.8% |
| Other operating charges | 640/8 | €516 | €610 | +€94 | +18.1% |
| Gross operating margin | 9900 | €160,699 | €233,672 | +€72,974 | +45.4% |
| Operating profit (loss) | 9901 | €14,959 | €80,549 | +€65,590 | +438% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.7% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.7% |
| Financial charges | 65/66B | €5,347 | €12,597 | +€7,250 | +136% |
| Recurring financial charges | 65 | €5,347 | €12,597 | +€7,250 | +136% |
| Profit (loss) for the period before taxes | 9903 | €9,613 | €67,951 | +€58,339 | +607% |
| Income taxes | 67/77 | €7,128 | €20,169 | +€13,041 | +183% |
| Profit (loss) for the period | 9904 | €2,485 | €47,783 | +€45,298 | +1,823% |
| Profit (loss) for the period to be appropriated | 9905 | €2,485 | €47,783 | +€45,298 | +1,823% |
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 27 October 2026 via checked.be.