AGNATES: 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.
AGNATES
Largest movements
- Cash +€2.3m
up €2.3m (+1635.8%), from €138,652 to €2.4m
mainly Current investments (+€2.0m) and Investment in fixed assets (net) (+€1.3m)
- Current investments -€2.0m
no longer reported in 2026 (was €2.0m)
- Financial fixed assets -€1.1m
no longer reported in 2026 (was €1.1m)
- Tangible fixed assets -€165,921
down €165,921 (-98.0%), from €169,299 to €3,378
of which Land and buildings: -€137,691
- Contributions -€844,787
down €844,787 (-47.6%), from €1.8m to €931,478
- Debts after one year -€144,076
no longer reported in 2026 (was €144,076)
- Current portion of long-term debt -€48,462
no longer reported in 2026 (was €48,462)
- Financial income +€283,293
up €283,293 (+260.0%), from €108,972 to €392,265
of which Financial income: +€271,969
- Gross operating margin -€135,794
down €135,794 (-92.8%), from €146,406 to €10,612
- Taxes +€37,628
up €37,628 (+323.5%), from €11,633 to €49,261
- Depreciation -€29,006
down €29,006 (-88.8%), from €32,648 to €3,641
- Financial charges +€6,767
up €6,767 (+43.4%), from €15,606 to €22,373
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,480,786 | €2,459,877 | -€1.0m | -29.3% |
| Fixed assets | 21/28 | €1,257,879 | €3,378 | -€1.3m | -99.7% |
| Tangible fixed assets | 22/27 | €169,299 | €3,378 | -€165,921 | -98.0% |
| Land and buildings | 22 | €141,069 | €3,378 | -€137,691 | -97.6% |
| Plant, machinery and equipment | 23 | €755 | - | -€755 | |
| Furniture and vehicles | 24 | €27,475 | - | -€27,475 | |
| Financial fixed assets | 28 | €1,088,580 | - | -€1.1m | |
| Current assets | 29/58 | €2,222,907 | €2,456,499 | +€233,592 | +10.5% |
| Amounts receivable within one year | 40/41 | €39,341 | €46,545 | +€7,205 | +18.3% |
| Trade receivables | 40 | €13,295 | €46,545 | +€33,250 | +250.1% |
| Other amounts receivable | 41 | €26,046 | - | -€26,046 | |
| Current investments | 50/53 | €2,041,641 | - | -€2.0m | |
| Cash at bank and in hand | 54/58 | €138,652 | €2,406,685 | +€2.3m | +1635.8% |
| Deferred charges and accrued income | 490/1 | €3,273 | €3,268 | -€5 | -0.2% |
| Total equity and liabilities | 10/49 | €3,480,786 | €2,459,877 | -€1.0m | -29.3% |
| Equity | 10/15 | €3,275,607 | €2,422,830 | -€852,776 | -26.0% |
| Contributions | 10/11 | €1,776,266 | €931,478 | -€844,787 | -47.6% |
| Reserves | 13 | €1,499,341 | €1,491,352 | -€7,989 | -0.5% |
| Distributable reserves | 133 | €1,499,341 | €1,491,352 | -€7,989 | -0.5% |
| Amounts payable | 17/49 | €205,179 | €37,046 | -€168,133 | -81.9% |
| Amounts payable after more than one year | 17 | €144,076 | - | -€144,076 | |
| Financial debts | 170/4 | €144,076 | - | -€144,076 | |
| Amounts payable within one year | 42/48 | €61,104 | €37,046 | -€24,058 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €48,462 | - | -€48,462 | |
| Trade debts | 44 | €219 | €395 | +€176 | +80.1% |
| Suppliers | 440/4 | €219 | €395 | +€176 | +80.1% |
| Taxes, remuneration and social security | 45 | €5,802 | €30,914 | +€25,112 | +432.8% |
| Taxes | 450/3 | €5,802 | €30,914 | +€25,112 | +432.8% |
| Other amounts payable | 47/48 | €6,620 | €5,737 | -€883 | -13.3% |
| Non-recurring operating income | 76A | €114,523 | - | -€114,523 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,648 | €3,641 | -€29,006 | -88.8% |
| Other operating charges | 640/8 | €3,271 | €2,274 | -€996 | -30.5% |
| Non-recurring operating charges | 66A | €92,711 | €8,104 | -€84,607 | -91.3% |
| Gross operating margin | 9900 | €146,406 | €10,612 | -€135,794 | -92.8% |
| Operating profit (loss) | 9901 | €17,777 | -€3,407 | -€21,184 | |
| Financial income | 75/76B | €108,972 | €392,265 | +€283,293 | +260.0% |
| Recurring financial income | 75 | €108,972 | €380,941 | +€271,969 | +249.6% |
| Non-recurring financial income | 76B | - | €11,324 | +€11,324 | |
| Financial charges | 65/66B | €15,606 | €22,373 | +€6,767 | +43.4% |
| Recurring financial charges | 65 | €15,606 | €22,373 | +€6,767 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €111,143 | €366,485 | +€255,342 | +229.7% |
| Income taxes | 67/77 | €11,633 | €49,261 | +€37,628 | +323.5% |
| Profit (loss) for the period | 9904 | €99,510 | €317,224 | +€217,714 | +218.8% |
| Profit (loss) for the period to be appropriated | 9905 | €99,510 | €317,224 | +€217,714 | +218.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.