AGORA 45: 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 45
Largest movements
- Receivables within one year +€22,384
up €22,384 (+10.5%), from €212,527 to €234,911
- Tangible fixed assets -€19,016
down €19,016 (-7.0%), from €271,946 to €252,930
of which Land and buildings: -€17,967
- Cash -€8,317
no longer reported in 2024 (was €8,317)
mainly Provisions (-€25,000) and Receivables within one year (-€22,384)
- Profit (loss) carried forward +€33,993
up €33,993 (+23.9%), from €142,146 to €176,139
- Provisions -€25,000
down €25,000 (-45.0%), from €55,498 to €30,498
- Debts after one year -€21,283
down €21,283 (-11.5%), from €185,202 to €163,920
- Tax, wage and social debts +€16,345
up €16,345 (+1244.6%), from €1,313 to €17,658
- Trade debts -€16,096
down €16,096 (-94.2%), from €17,084 to €988
- Gross operating margin +€95,830
up €95,830, from -€33,726 to €62,104
- Provisions +€63,000
up €63,000 (+71.6%), from -€88,000 to -€25,000
- Depreciation -€11,320
down €11,320 (-31.1%), from €36,452 to €25,132
- Taxes +€7,668
up €7,668, from -€1,501 to €6,167
- Other operating charges +€7,359
up €7,359 (+74.7%), from €9,853 to €17,212
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €511,043 | €501,658 | -€9,385 | -1.8% |
| Fixed assets | 21/28 | €271,946 | €252,930 | -€19,016 | -7.0% |
| Tangible fixed assets | 22/27 | €271,946 | €252,930 | -€19,016 | -7.0% |
| Land and buildings | 22 | €243,925 | €225,958 | -€17,967 | -7.4% |
| Furniture and vehicles | 24 | €6,211 | €5,452 | -€759 | -12.2% |
| Other tangible fixed assets | 26 | €21,810 | €21,520 | -€290 | -1.3% |
| Current assets | 29/58 | €239,097 | €248,728 | +€9,631 | +4.0% |
| Amounts receivable within one year | 40/41 | €212,527 | €234,911 | +€22,384 | +10.5% |
| Other amounts receivable | 41 | €212,527 | €234,911 | +€22,384 | +10.5% |
| Cash at bank and in hand | 54/58 | €8,317 | - | -€8,317 | |
| Deferred charges and accrued income | 490/1 | €18,253 | €13,816 | -€4,437 | -24.3% |
| Total equity and liabilities | 10/49 | €511,043 | €501,658 | -€9,385 | -1.8% |
| Equity | 10/15 | €216,083 | €250,076 | +€33,993 | +15.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,737 | €67,737 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €47,127 | €47,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,146 | €176,139 | +€33,993 | +23.9% |
| Provisions and deferred taxes | 16 | €55,498 | €30,498 | -€25,000 | -45.0% |
| Provisions for liabilities and charges | 160/5 | €55,498 | €30,498 | -€25,000 | -45.0% |
| Other liabilities and charges | 164/5 | €55,498 | €30,498 | -€25,000 | -45.0% |
| Amounts payable | 17/49 | €239,462 | €221,084 | -€18,378 | -7.7% |
| Amounts payable after more than one year | 17 | €185,202 | €163,920 | -€21,283 | -11.5% |
| Financial debts | 170/4 | €185,202 | €163,920 | -€21,283 | -11.5% |
| Amounts payable within one year | 42/48 | €54,260 | €57,164 | +€2,905 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €20,932 | €21,283 | +€350 | +1.7% |
| Financial debts | 43 | - | €7,656 | +€7,656 | |
| Credit institutions | 430/8 | - | €7,656 | +€7,656 | |
| Trade debts | 44 | €17,084 | €988 | -€16,096 | -94.2% |
| Suppliers | 440/4 | €17,084 | €988 | -€16,096 | -94.2% |
| Taxes, remuneration and social security | 45 | €1,313 | €17,658 | +€16,345 | +1244.6% |
| Taxes | 450/3 | €1,313 | €17,658 | +€16,345 | +1244.6% |
| Other amounts payable | 47/48 | €14,930 | €9,579 | -€5,350 | -35.8% |
| Remuneration, social security and pensions | 62 | €2,865 | - | -€2,865 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,452 | €25,132 | -€11,320 | -31.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€88,000 | -€25,000 | +€63,000 | +71.6% |
| Other operating charges | 640/8 | €9,853 | €17,212 | +€7,359 | +74.7% |
| Gross operating margin | 9900 | -€33,726 | €62,104 | +€95,830 | |
| Operating profit (loss) | 9901 | €5,104 | €44,760 | +€39,657 | +777.0% |
| Financial income | 75/76B | €109 | €0 | -€109 | -100.0% |
| Recurring financial income | 75 | €109 | €0 | -€109 | -100.0% |
| Financial charges | 65/66B | €5,010 | €4,600 | -€410 | -8.2% |
| Recurring financial charges | 65 | €5,010 | €4,600 | -€410 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €202 | €40,160 | +€39,958 | +19769.5% |
| Income taxes | 67/77 | -€1,501 | €6,167 | +€7,668 | |
| Profit (loss) for the period | 9904 | €1,703 | €33,993 | +€32,290 | +1896.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,703 | €33,993 | +€32,290 | +1896.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.