AGITO: 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.
AGITO
Largest movements
- Financial fixed assets +€2.6m
new in 2025: €2.6m
- Current investments -€606,304
down €606,304 (-88.4%), from €686,245 to €79,941
- Receivables within one year -€43,669
down €43,669 (-37.2%), from €117,482 to €73,813
of which Trade receivables: -€46,933
- Tangible fixed assets -€35,685
down €35,685 (-58.5%), from €61,046 to €25,361
of which Land and buildings: -€23,835
- Debts after one year +€1.7m
up €1.7m (+8,313%), from €20,837 to €1.8m
- Current portion of long-term debt +€195,633
up €195,633 (+979%), from €19,980 to €215,614
- Gross operating margin -€122,166
down €122,166 (-47.6%), from €256,761 to €134,595
- Financial charges +€23,090
up €23,090 (+48.0%), from €48,123 to €71,213
- Financial income -€10,755
down €10,755 (-62.5%), from €17,195 to €6,440
- Taxes -€8,250
down €8,250 (-68.4%), from €12,061 to €3,811
- Depreciation -€8,181
down €8,181 (-22.5%), from €36,286 to €28,104
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 | €990,460 | €2,931,293 | +€1.9m | +196% |
| Fixed assets | 21/28 | €61,046 | €2,622,389 | +€2.6m | +4,196% |
| Tangible fixed assets | 22/27 | €61,046 | €25,361 | -€35,685 | -58.5% |
| Land and buildings | 22 | €29,407 | €5,572 | -€23,835 | -81.1% |
| Plant, machinery and equipment | 23 | €17,869 | €14,539 | -€3,330 | -18.6% |
| Furniture and vehicles | 24 | €13,770 | €0 | -€13,770 | -100% |
| Other tangible fixed assets | 26 | - | €5,250 | +€5,250 | |
| Financial fixed assets | 28 | - | €2,597,028 | +€2.6m | |
| Current assets | 29/58 | €929,414 | €308,905 | -€620,509 | -66.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €117,482 | €73,813 | -€43,669 | -37.2% |
| Trade receivables | 40 | €112,625 | €65,692 | -€46,933 | -41.7% |
| Other amounts receivable | 41 | €4,857 | €8,121 | +€3,264 | +67.2% |
| Current investments | 50/53 | €686,245 | €79,941 | -€606,304 | -88.4% |
| Cash at bank and in hand | 54/58 | €124,951 | €152,208 | +€27,257 | +21.8% |
| Deferred charges and accrued income | 490/1 | €736 | €2,943 | +€2,207 | +300% |
| Total equity and liabilities | 10/49 | €990,460 | €2,931,293 | +€1.9m | +196% |
| Equity | 10/15 | €938,143 | €952,733 | +€14,590 | +1.6% |
| Contributions | 10/11 | €74,200 | €74,200 | = | 0.0% |
| Reserves | 13 | €1,451,156 | €1,451,156 | = | 0.0% |
| Distributable reserves | 133 | €1,451,156 | €1,451,156 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€587,212 | -€572,623 | +€14,590 | +2.5% |
| Amounts payable | 17/49 | €52,316 | €1,978,561 | +€1.9m | +3,682% |
| Amounts payable after more than one year | 17 | €20,837 | €1,752,994 | +€1.7m | +8,313% |
| Financial debts | 170/4 | €20,837 | €1,752,994 | +€1.7m | +8,313% |
| Amounts payable within one year | 42/48 | €30,445 | €224,492 | +€194,048 | +637% |
| Current portion of amounts payable after more than one year | 42 | €19,980 | €215,614 | +€195,633 | +979% |
| Trade debts | 44 | €1,722 | €2,486 | +€765 | +44.4% |
| Suppliers | 440/4 | €1,722 | €2,486 | +€765 | +44.4% |
| Taxes, remuneration and social security | 45 | €8,743 | €4,199 | -€4,544 | -52.0% |
| Taxes | 450/3 | €8,743 | €4,199 | -€4,544 | -52.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €2,193 | +€2,193 | |
| Accrued charges and deferred income | 492/3 | €1,035 | €1,074 | +€39 | +3.8% |
| Remuneration, social security and pensions | 62 | €10,602 | €10,772 | +€169 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,286 | €28,104 | -€8,181 | -22.5% |
| Other operating charges | 640/8 | €5,013 | €4,777 | -€237 | -4.7% |
| Non-recurring operating charges | 66A | €0 | €7,770 | +€7,770 | |
| Gross operating margin | 9900 | €256,761 | €134,595 | -€122,166 | -47.6% |
| Operating profit (loss) | 9901 | €204,860 | €83,173 | -€121,687 | -59.4% |
| Financial income | 75/76B | €17,195 | €6,440 | -€10,755 | -62.5% |
| Recurring financial income | 75 | €17,195 | €6,440 | -€10,755 | -62.5% |
| Financial charges | 65/66B | €48,123 | €71,213 | +€23,090 | +48.0% |
| Recurring financial charges | 65 | €48,123 | €71,213 | +€23,090 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €173,933 | €18,400 | -€155,532 | -89.4% |
| Income taxes | 67/77 | €12,061 | €3,811 | -€8,250 | -68.4% |
| Profit (loss) for the period | 9904 | €161,872 | €14,590 | -€147,282 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €161,872 | €14,590 | -€147,282 | -91.0% |
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 14 October 2026 via checked.be.