AGNELLO: 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.
AGNELLO
Largest movements
- Stocks and contracts -€89,737
down €89,737 (-33.7%), from €266,053 to €176,316
- Tangible fixed assets +€20,486
up €20,486 (+1194.1%), from €1,716 to €22,202
of which Plant, machinery and equipment: +€15,848
- Cash +€4,359
new in 2025: €4,359
mainly Stocks and contracts (+€89,737) and Net result for the year (+€31,595)
- Receivables within one year +€3,193
up €3,193 (+44.4%), from €7,197 to €10,390
of which Trade receivables: +€2,956
- Short-term financial debts -€59,986
no longer reported in 2025 (was €59,986)
- Profit (loss) carried forward +€31,595
up €31,595 (+68.6%), from €46,080 to €77,675
- Advances received -€15,500
down €15,500 (-77.5%), from €20,000 to €4,500
- Trade debts -€10,243
down €10,243 (-98.6%), from €10,384 to €141
- Tax, wage and social debts -€8,062
down €8,062 (-37.8%), from €21,311 to €13,249
of which Remuneration and social security: -€4,850
- Turnover +€233,831
up €233,831 (+243.1%), from €96,195 to €330,026
- Purchases and services +€214,110
up €214,110 (+330.5%), from €64,787 to €278,897
- Gross operating margin +€20,184
up €20,184 (+64.3%), from €31,408 to €51,592
- Financial charges -€3,960
down €3,960 (-35.8%), from €11,056 to €7,095
- Taxes +€3,311
up €3,311 (+82.8%), from €3,999 to €7,310
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.
Cash bridge derived
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 | €302,103 | €240,405 | -€61,698 | -20.4% |
| Fixed assets | 21/28 | €26,716 | €47,202 | +€20,486 | +76.7% |
| Tangible fixed assets | 22/27 | €1,716 | €22,202 | +€20,486 | +1194.1% |
| Plant, machinery and equipment | 23 | €282 | €16,130 | +€15,848 | +5611.7% |
| Furniture and vehicles | 24 | €1,433 | €6,071 | +€4,638 | +323.6% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €275,387 | €193,203 | -€82,184 | -29.8% |
| Stocks and contracts in progress | 3 | €266,053 | €176,316 | -€89,737 | -33.7% |
| Stocks | 30/36 | €266,053 | €176,316 | -€89,737 | -33.7% |
| Amounts receivable within one year | 40/41 | €7,197 | €10,390 | +€3,193 | +44.4% |
| Trade receivables | 40 | €7,187 | €10,143 | +€2,956 | +41.1% |
| Other amounts receivable | 41 | €10 | €248 | +€237 | +2298.3% |
| Cash at bank and in hand | 54/58 | - | €4,359 | +€4,359 | |
| Deferred charges and accrued income | 490/1 | €2,137 | €2,137 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €302,103 | €240,405 | -€61,698 | -20.4% |
| Equity | 10/15 | €61,080 | €92,675 | +€31,595 | +51.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,080 | €77,675 | +€31,595 | +68.6% |
| Amounts payable | 17/49 | €241,023 | €147,730 | -€93,293 | -38.7% |
| Amounts payable after more than one year | 17 | €102,320 | €105,387 | +€3,068 | +3.0% |
| Financial debts | 170/4 | €102,320 | €105,387 | +€3,068 | +3.0% |
| Amounts payable within one year | 42/48 | €137,397 | €41,698 | -€95,699 | -69.7% |
| Financial debts | 43 | €59,986 | - | -€59,986 | |
| Other loans | 439 | €59,986 | - | -€59,986 | |
| Trade debts | 44 | €10,384 | €141 | -€10,243 | -98.6% |
| Suppliers | 440/4 | €10,384 | €141 | -€10,243 | -98.6% |
| Advances received on contracts in progress | 46 | €20,000 | €4,500 | -€15,500 | -77.5% |
| Taxes, remuneration and social security | 45 | €21,311 | €13,249 | -€8,062 | -37.8% |
| Taxes | 450/3 | €16,461 | €13,249 | -€3,212 | -19.5% |
| Remuneration and social security | 454/9 | €4,850 | €0 | -€4,850 | -100.0% |
| Other amounts payable | 47/48 | €25,716 | €23,809 | -€1,907 | -7.4% |
| Accrued charges and deferred income | 492/3 | €1,306 | €644 | -€662 | -50.7% |
| Turnover | 70 | €96,195 | €330,026 | +€233,831 | +243.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €64,787 | €278,897 | +€214,110 | +330.5% |
| Remuneration, social security and pensions | 62 | €290 | €699 | +€409 | +140.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,170 | €4,446 | +€3,275 | +279.9% |
| Other operating charges | 640/8 | €629 | €507 | -€122 | -19.4% |
| Non-recurring operating charges | 66A | - | €899 | +€899 | |
| Gross operating margin | 9900 | €31,408 | €51,592 | +€20,184 | +64.3% |
| Operating profit (loss) | 9901 | €29,319 | €45,042 | +€15,723 | +53.6% |
| Financial income | 75/76B | €37 | €959 | +€921 | +2473.7% |
| Recurring financial income | 75 | €37 | €889 | +€852 | +2287.1% |
| Non-recurring financial income | 76B | €37 | €69 | +€32 | +86.5% |
| Financial charges | 65/66B | €11,056 | €7,095 | -€3,960 | -35.8% |
| Recurring financial charges | 65 | €11,056 | €7,095 | -€3,960 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €18,301 | €38,905 | +€20,605 | +112.6% |
| Income taxes | 67/77 | €3,999 | €7,310 | +€3,311 | +82.8% |
| Profit (loss) for the period | 9904 | €14,302 | €31,595 | +€17,293 | +120.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,302 | €31,595 | +€17,293 | +120.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.