AGILE PROJECTS: 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.
AGILE PROJECTS
Largest movements
- Receivables after one year -€170,000
no longer reported in 2025 (was €170,000)
- Cash -€61,444
down €61,444 (-56.5%), from €108,743 to €47,299
mainly Contributions, distributions and other (-€280,028) and Current portion of long-term debt (-€41,255)
- Tangible fixed assets +€11,349
up €11,349 (+45.8%), from €24,802 to €36,151
of which Furniture and vehicles: +€10,240
- Receivables within one year +€9,315
up €9,315 (+32.4%), from €28,712 to €38,027
of which Trade receivables: +€12,221
- Deferred charges and accrued income -€8,060
down €8,060 (-97.1%), from €8,302 to €241
- Reserves -€280,028
no longer reported in 2025 (was €280,028)
- Profit (loss) carried forward +€106,886
new in 2025: €106,886
- Current portion of long-term debt -€41,255
no longer reported in 2025 (was €41,255)
- Trade debts -€7,728
down €7,728 (-79.2%), from €9,758 to €2,031
- Tax, wage and social debts +€4,518
up €4,518 (+118%), from €3,823 to €8,341
- Gross operating margin -€77,819
down €77,819 (-35.6%), from €218,376 to €140,557
- Taxes -€19,638
down €19,638 (-38.6%), from €50,939 to €31,301
- Depreciation +€6,131
up €6,131 (+320%), from €1,915 to €8,046
- Financial income +€4,148
up €4,148 (+76.6%), from €5,414 to €9,562
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 | €342,024 | €123,185 | -€218,840 | -64.0% |
| Fixed assets | 21/28 | €24,802 | €36,151 | +€11,349 | +45.8% |
| Tangible fixed assets | 22/27 | €24,802 | €36,151 | +€11,349 | +45.8% |
| Plant, machinery and equipment | 23 | €6,616 | €7,726 | +€1,110 | +16.8% |
| Furniture and vehicles | 24 | €18,185 | €28,425 | +€10,240 | +56.3% |
| Current assets | 29/58 | €317,223 | €87,033 | -€230,189 | -72.6% |
| Amounts receivable after more than one year | 29 | €170,000 | - | -€170,000 | |
| Other amounts receivable | 291 | €170,000 | - | -€170,000 | |
| Stocks and contracts in progress | 3 | €1,466 | €1,466 | = | 0.0% |
| Stocks | 30/36 | €1,466 | €1,466 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,712 | €38,027 | +€9,315 | +32.4% |
| Trade receivables | 40 | €24,987 | €37,208 | +€12,221 | +48.9% |
| Other amounts receivable | 41 | €3,726 | €820 | -€2,906 | -78.0% |
| Cash at bank and in hand | 54/58 | €108,743 | €47,299 | -€61,444 | -56.5% |
| Deferred charges and accrued income | 490/1 | €8,302 | €241 | -€8,060 | -97.1% |
| Total equity and liabilities | 10/49 | €342,024 | €123,185 | -€218,840 | -64.0% |
| Equity | 10/15 | €285,028 | €111,886 | -€173,141 | -60.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €280,028 | - | -€280,028 | |
| Distributable reserves | 133 | €280,028 | - | -€280,028 | |
| Profit (loss) carried forward | 14 | - | €106,886 | +€106,886 | |
| Amounts payable | 17/49 | €56,996 | €11,298 | -€45,698 | -80.2% |
| Amounts payable within one year | 42/48 | €56,996 | €11,138 | -€45,858 | -80.5% |
| Current portion of amounts payable after more than one year | 42 | €41,255 | - | -€41,255 | |
| Financial debts | 43 | €2,160 | €767 | -€1,393 | -64.5% |
| Credit institutions | 430/8 | €2,160 | €767 | -€1,393 | -64.5% |
| Trade debts | 44 | €9,758 | €2,031 | -€7,728 | -79.2% |
| Suppliers | 440/4 | €9,758 | €2,031 | -€7,728 | -79.2% |
| Taxes, remuneration and social security | 45 | €3,823 | €8,341 | +€4,518 | +118% |
| Taxes | 450/3 | €3,823 | €8,341 | +€4,518 | +118% |
| Accrued charges and deferred income | 492/3 | - | €160 | +€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,915 | €8,046 | +€6,131 | +320% |
| Other operating charges | 640/8 | €436 | €300 | -€136 | -31.2% |
| Non-recurring operating charges | 66A | €2,079 | - | -€2,079 | |
| Gross operating margin | 9900 | €218,376 | €140,557 | -€77,819 | -35.6% |
| Operating profit (loss) | 9901 | €213,946 | €132,212 | -€81,734 | -38.2% |
| Financial income | 75/76B | €5,414 | €9,562 | +€4,148 | +76.6% |
| Recurring financial income | 75 | €5,414 | €9,562 | +€4,148 | +76.6% |
| Financial charges | 65/66B | €2,478 | €3,586 | +€1,108 | +44.7% |
| Recurring financial charges | 65 | €2,478 | €3,586 | +€1,108 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €216,881 | €138,188 | -€78,693 | -36.3% |
| Income taxes | 67/77 | €50,939 | €31,301 | -€19,638 | -38.6% |
| Profit (loss) for the period | 9904 | €165,942 | €106,886 | -€59,056 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €165,942 | €106,886 | -€59,056 | -35.6% |
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 29 October 2026 via checked.be.