AGOLINA: 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.
AGOLINA
Largest movements
- Cash -€949
down €949 (-5.6%), from €17,036 to €16,087
mainly Net result for the year (-€1,692)
- Formation expenses -€320
down €320 (-25.9%), from €1,235 to €915
- Profit (loss) carried forward -€1,692
down €1,692 (-97.2%), from -€1,742 to -€3,434
- Trade debts +€423
up €423 (+3316.8%), from €13 to €436
- Gross operating margin +€410
up €410 (+30.4%), from -€1,351 to -€940
- Financial charges +€406
up €406 (+1582.9%), from €26 to €432
- Depreciation -€45
down €45 (-12.4%), from €365 to €320
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 | €18,271 | €17,002 | -€1,269 | -6.9% |
| Formation expenses | 20 | €1,235 | €915 | -€320 | -25.9% |
| Current assets | 29/58 | €17,036 | €16,087 | -€949 | -5.6% |
| Cash at bank and in hand | 54/58 | €17,036 | €16,087 | -€949 | -5.6% |
| Total equity and liabilities | 10/49 | €18,271 | €17,002 | -€1,269 | -6.9% |
| Equity | 10/15 | €18,258 | €16,566 | -€1,692 | -9.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,742 | -€3,434 | -€1,692 | -97.2% |
| Amounts payable | 17/49 | €13 | €436 | +€423 | +3316.8% |
| Amounts payable within one year | 42/48 | €13 | €436 | +€423 | +3316.8% |
| Trade debts | 44 | €13 | €436 | +€423 | +3316.8% |
| Suppliers | 440/4 | €13 | €436 | +€423 | +3316.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €365 | €320 | -€45 | -12.4% |
| Gross operating margin | 9900 | -€1,351 | -€940 | +€410 | +30.4% |
| Operating profit (loss) | 9901 | -€1,716 | -€1,260 | +€456 | +26.6% |
| Financial charges | 65/66B | €26 | €432 | +€406 | +1582.9% |
| Recurring financial charges | 65 | €26 | €432 | +€406 | +1582.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,742 | -€1,692 | +€49 | +2.8% |
| Profit (loss) for the period | 9904 | -€1,742 | -€1,692 | +€49 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,742 | -€1,692 | +€49 | +2.8% |
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 6 October 2026 via checked.be.