AGORA 99: 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.
AGORA 99
Largest movements
- Receivables within one year +€221,138
up €221,138 (+86.4%), from €255,842 to €476,980
of which Other amounts receivable: +€220,165
- Debts after one year +€130,319
new in 2025: €130,319
- Current portion of long-term debt +€44,893
up €44,893 (+1319.1%), from €3,403 to €48,296
- Other debts +€40,100
up €40,100 (+38.8%), from €103,254 to €143,354
- Profit (loss) carried forward +€37,545
up €37,545 (+15.8%), from €236,958 to €274,503
- Tax, wage and social debts -€32,092
down €32,092 (-34.7%), from €92,597 to €60,506
- Gross operating margin -€52,169
down €52,169 (-42.3%), from €123,384 to €71,215
- Taxes -€8,560
down €8,560 (-24.8%), from €34,536 to €25,976
- Financial charges +€4,850
up €4,850 (+401.2%), from €1,209 to €6,059
- Staff costs -€1,612
down €1,612 (-98.9%), from €1,630 to €18
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 | €661,107 | €881,341 | +€220,234 | +33.3% |
| Fixed assets | 21/28 | €370,470 | €370,470 | = | 0.0% |
| Financial fixed assets | 28 | €370,470 | €370,470 | = | 0.0% |
| Current assets | 29/58 | €290,637 | €510,871 | +€220,234 | +75.8% |
| Amounts receivable within one year | 40/41 | €255,842 | €476,980 | +€221,138 | +86.4% |
| Trade receivables | 40 | - | €973 | +€973 | |
| Other amounts receivable | 41 | €255,842 | €476,007 | +€220,165 | +86.1% |
| Cash at bank and in hand | 54/58 | €21,907 | €16,391 | -€5,515 | -25.2% |
| Deferred charges and accrued income | 490/1 | €12,888 | €17,500 | +€4,612 | +35.8% |
| Total equity and liabilities | 10/49 | €661,107 | €881,341 | +€220,234 | +33.3% |
| Equity | 10/15 | €459,395 | €496,940 | +€37,545 | +8.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €217,437 | €217,437 | = | 0.0% |
| Distributable reserves | 133 | €217,437 | €217,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €236,958 | €274,503 | +€37,545 | +15.8% |
| Amounts payable | 17/49 | €201,712 | €384,402 | +€182,690 | +90.6% |
| Amounts payable after more than one year | 17 | - | €130,319 | +€130,319 | |
| Financial debts | 170/4 | - | €130,319 | +€130,319 | |
| Amounts payable within one year | 42/48 | €201,712 | €254,083 | +€52,371 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €3,403 | €48,296 | +€44,893 | +1319.1% |
| Trade debts | 44 | €2,458 | €1,927 | -€531 | -21.6% |
| Suppliers | 440/4 | €2,458 | €1,927 | -€531 | -21.6% |
| Taxes, remuneration and social security | 45 | €92,597 | €60,506 | -€32,092 | -34.7% |
| Taxes | 450/3 | €92,597 | €60,506 | -€32,092 | -34.7% |
| Other amounts payable | 47/48 | €103,254 | €143,354 | +€40,100 | +38.8% |
| Remuneration, social security and pensions | 62 | €1,630 | €18 | -€1,612 | -98.9% |
| Other operating charges | 640/8 | €1,786 | €1,872 | +€86 | +4.8% |
| Gross operating margin | 9900 | €123,384 | €71,215 | -€52,169 | -42.3% |
| Operating profit (loss) | 9901 | €119,968 | €69,325 | -€50,643 | -42.2% |
| Financial income | 75/76B | €16 | €254 | +€239 | +1530.9% |
| Recurring financial income | 75 | €16 | €254 | +€239 | +1530.9% |
| Financial charges | 65/66B | €1,209 | €6,059 | +€4,850 | +401.2% |
| Recurring financial charges | 65 | €1,209 | €6,059 | +€4,850 | +401.2% |
| Profit (loss) for the period before taxes | 9903 | €118,774 | €63,521 | -€55,254 | -46.5% |
| Income taxes | 67/77 | €34,536 | €25,976 | -€8,560 | -24.8% |
| Profit (loss) for the period | 9904 | €84,239 | €37,545 | -€46,694 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €84,239 | €37,545 | -€46,694 | -55.4% |
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.