AGONES: 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.
AGONES
Largest movements
- Receivables after one year +€45,000
up €45,000 (+150%), from €30,000 to €75,000
- Cash +€27,360
up €27,360 (+298%), from €9,166 to €36,526
mainly Net result for the year (+€51,023) and Depreciation (+€17,811)
- Intangible fixed assets -€10,361
down €10,361 (-69.6%), from €14,890 to €4,529
- Tangible fixed assets -€7,450
down €7,450 (-9.3%), from €80,407 to €72,957
of which Furniture and vehicles: -€5,401
- Receivables within one year +€2,902
up €2,902 (+19.0%), from €15,248 to €18,150
- Reserves +€49,423
up €49,423 (+58.8%), from €84,037 to €133,460
- Current portion of long-term debt -€18,372
down €18,372 (-63.0%), from €29,158 to €10,786
- Other debts +€12,809
up €12,809 (+116%), from €11,051 to €23,860
- Debts after one year +€10,684
up €10,684 (+104%), from €10,316 to €21,000
- Tax, wage and social debts +€2,570
up €2,570 (+23.7%), from €10,839 to €13,409
- Gross operating margin +€22,217
up €22,217 (+31.4%), from €70,676 to €92,893
- Taxes +€6,206
up €6,206 (+42.5%), from €14,609 to €20,816
- Depreciation +€3,445
up €3,445 (+24.0%), from €14,366 to €17,811
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 | €150,643 | €208,662 | +€58,018 | +38.5% |
| Fixed assets | 21/28 | €95,297 | €77,486 | -€17,811 | -18.7% |
| Intangible fixed assets | 21 | €14,890 | €4,529 | -€10,361 | -69.6% |
| Tangible fixed assets | 22/27 | €80,407 | €72,957 | -€7,450 | -9.3% |
| Land and buildings | 22 | €65,799 | €63,749 | -€2,050 | -3.1% |
| Furniture and vehicles | 24 | €14,609 | €9,208 | -€5,401 | -37.0% |
| Current assets | 29/58 | €55,346 | €131,176 | +€75,830 | +137% |
| Amounts receivable after more than one year | 29 | €30,000 | €75,000 | +€45,000 | +150% |
| Other amounts receivable | 291 | €30,000 | €75,000 | +€45,000 | +150% |
| Amounts receivable within one year | 40/41 | €15,248 | €18,150 | +€2,902 | +19.0% |
| Trade receivables | 40 | €15,248 | €18,150 | +€2,902 | +19.0% |
| Cash at bank and in hand | 54/58 | €9,166 | €36,526 | +€27,360 | +298% |
| Deferred charges and accrued income | 490/1 | €932 | €1,500 | +€569 | +61.0% |
| Total equity and liabilities | 10/49 | €150,643 | €208,662 | +€58,018 | +38.5% |
| Equity | 10/15 | €88,037 | €137,460 | +€49,423 | +56.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €84,037 | €133,460 | +€49,423 | +58.8% |
| Distributable reserves | 133 | €84,037 | €133,460 | +€49,423 | +58.8% |
| Amounts payable | 17/49 | €62,607 | €71,202 | +€8,595 | +13.7% |
| Amounts payable after more than one year | 17 | €10,316 | €21,000 | +€10,684 | +104% |
| Financial debts | 170/4 | €10,316 | €21,000 | +€10,684 | +104% |
| Amounts payable within one year | 42/48 | €51,519 | €49,362 | -€2,157 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €29,158 | €10,786 | -€18,372 | -63.0% |
| Trade debts | 44 | €471 | €1,307 | +€836 | +177% |
| Suppliers | 440/4 | €471 | €1,307 | +€836 | +177% |
| Taxes, remuneration and social security | 45 | €10,839 | €13,409 | +€2,570 | +23.7% |
| Taxes | 450/3 | €10,839 | €13,409 | +€2,570 | +23.7% |
| Other amounts payable | 47/48 | €11,051 | €23,860 | +€12,809 | +116% |
| Accrued charges and deferred income | 492/3 | €772 | €840 | +€68 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,366 | €17,811 | +€3,445 | +24.0% |
| Other operating charges | 640/8 | €1,065 | €1,139 | +€74 | +7.0% |
| Gross operating margin | 9900 | €70,676 | €92,893 | +€22,217 | +31.4% |
| Operating profit (loss) | 9901 | €55,245 | €73,942 | +€18,697 | +33.8% |
| Financial charges | 65/66B | €2,519 | €2,103 | -€415 | -16.5% |
| Recurring financial charges | 65 | €2,519 | €2,103 | -€415 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €52,726 | €71,839 | +€19,113 | +36.2% |
| Income taxes | 67/77 | €14,609 | €20,816 | +€6,206 | +42.5% |
| Profit (loss) for the period | 9904 | €38,117 | €51,023 | +€12,907 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,117 | €51,023 | +€12,907 | +33.9% |
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 30 October 2026 via checked.be.