AGORA: 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.
AGORA
Largest movements
- Receivables within one year +€34,937
up €34,937 (+1125.9%), from €3,103 to €38,040
of which Trade receivables: +€34,937
- Intangible fixed assets -€7,000
down €7,000 (-70.0%), from €10,000 to €3,000
- Tangible fixed assets -€4,811
down €4,811 (-29.1%), from €16,507 to €11,696
of which Land and buildings: -€3,600
- Cash +€4,654
up €4,654 (+8.1%), from €57,600 to €62,254
mainly Net result for the year (+€28,212) and Investment in fixed assets (net) (+€6,000)
- Profit (loss) carried forward +€28,212
up €28,212 (+73.5%), from €38,363 to €66,575
- Trade debts -€2,976
down €2,976 (-56.7%), from €5,250 to €2,274
- Tax, wage and social debts +€2,544
up €2,544 (+96.1%), from €2,646 to €5,190
- Turnover +€144,877
up €144,877 (+319.1%), from €45,405 to €190,282
- Purchases and services +€106,149
up €106,149 (+253.7%), from €41,842 to €147,991
- Gross operating margin +€38,721
up €38,721 (+1084.9%), from €3,569 to €42,290
- Depreciation +€2,800
up €2,800 (+93.0%), from €3,011 to €5,811
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.
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 | €87,210 | €114,990 | +€27,780 | +31.9% |
| Fixed assets | 21/28 | €26,507 | €14,696 | -€11,811 | -44.6% |
| Intangible fixed assets | 21 | €10,000 | €3,000 | -€7,000 | -70.0% |
| Tangible fixed assets | 22/27 | €16,507 | €11,696 | -€4,811 | -29.1% |
| Land and buildings | 22 | €14,400 | €10,800 | -€3,600 | -25.0% |
| Furniture and vehicles | 24 | €2,107 | €896 | -€1,211 | -57.5% |
| Current assets | 29/58 | €60,703 | €100,294 | +€39,591 | +65.2% |
| Amounts receivable within one year | 40/41 | €3,103 | €38,040 | +€34,937 | +1125.9% |
| Trade receivables | 40 | - | €34,937 | +€34,937 | |
| Other amounts receivable | 41 | €3,103 | €3,103 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,600 | €62,254 | +€4,654 | +8.1% |
| Total equity and liabilities | 10/49 | €87,210 | €114,990 | +€27,780 | +31.9% |
| Equity | 10/15 | €79,314 | €107,526 | +€28,212 | +35.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €22,359 | €22,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €20,500 | €20,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,363 | €66,575 | +€28,212 | +73.5% |
| Amounts payable | 17/49 | €7,896 | €7,464 | -€432 | -5.5% |
| Amounts payable within one year | 42/48 | €7,896 | €7,464 | -€432 | -5.5% |
| Trade debts | 44 | €5,250 | €2,274 | -€2,976 | -56.7% |
| Suppliers | 440/4 | €5,250 | €2,274 | -€2,976 | -56.7% |
| Taxes, remuneration and social security | 45 | €2,646 | €5,190 | +€2,544 | +96.1% |
| Taxes | 450/3 | €2,646 | €5,190 | +€2,544 | +96.1% |
| Turnover | 70 | €45,405 | €190,282 | +€144,877 | +319.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €41,842 | €147,991 | +€106,149 | +253.7% |
| Remuneration, social security and pensions | 62 | €6,190 | €5,819 | -€371 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,011 | €5,811 | +€2,800 | +93.0% |
| Other operating charges | 640/8 | €1,347 | €2,275 | +€928 | +68.9% |
| Gross operating margin | 9900 | €3,569 | €42,290 | +€38,721 | +1084.9% |
| Operating profit (loss) | 9901 | -€6,979 | €28,385 | +€35,364 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €678 | €179 | -€499 | -73.6% |
| Recurring financial charges | 65 | €678 | €179 | -€499 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,657 | €28,212 | +€35,869 | |
| Profit (loss) for the period | 9904 | -€7,657 | €28,212 | +€35,869 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,657 | €28,212 | +€35,869 |
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 11 October 2026 via checked.be.