AGORA SANA: 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 SANA
Largest movements
- Tangible fixed assets +€13,546
up €13,546 (+97.7%), from €13,871 to €27,417
of which Furniture and vehicles: +€17,146
- Cash -€5,472
down €5,472 (-47.8%), from €11,452 to €5,979
mainly Investment in fixed assets (net) (-€20,981) and Trade debts (-€16,111)
- Stocks and contracts -€3,761
down €3,761 (-20.8%), from €18,039 to €14,278
- Receivables within one year +€1,152
up €1,152 (+2.6%), from €43,588 to €44,740
of which Other amounts receivable: +€1,502
- Trade debts -€16,111
down €16,111 (-27.5%), from €58,685 to €42,575
- Profit (loss) carried forward +€14,655
up €14,655 (+12.1%), from -€120,635 to -€105,980
- Debts after one year +€10,745
new in 2025: €10,745
- Other debts -€9,427
down €9,427 (-49.6%), from €19,015 to €9,588
- Current portion of long-term debt +€2,290
new in 2025: €2,290
- Gross operating margin +€36,215
up €36,215 (+23.8%), from €152,345 to €188,560
- Taxes +€9,210
new in 2025: €9,210
- Depreciation +€3,153
up €3,153 (+73.6%), from €4,282 to €7,435
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 | €87,460 | €92,594 | +€5,133 | +5.9% |
| Fixed assets | 21/28 | €14,051 | €27,597 | +€13,546 | +96.4% |
| Tangible fixed assets | 22/27 | €13,871 | €27,417 | +€13,546 | +97.7% |
| Land and buildings | 22 | €12,828 | €9,228 | -€3,600 | -28.1% |
| Furniture and vehicles | 24 | €1,043 | €18,189 | +€17,146 | +1,644% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €73,410 | €64,997 | -€8,413 | -11.5% |
| Amounts receivable after more than one year | 29 | €331 | - | -€331 | |
| Trade receivables | 290 | €331 | - | -€331 | |
| Stocks and contracts in progress | 3 | €18,039 | €14,278 | -€3,761 | -20.8% |
| Stocks | 30/36 | €18,039 | €14,278 | -€3,761 | -20.8% |
| Amounts receivable within one year | 40/41 | €43,588 | €44,740 | +€1,152 | +2.6% |
| Trade receivables | 40 | €41,753 | €41,403 | -€351 | -0.8% |
| Other amounts receivable | 41 | €1,835 | €3,337 | +€1,502 | +81.9% |
| Cash at bank and in hand | 54/58 | €11,452 | €5,979 | -€5,472 | -47.8% |
| Total equity and liabilities | 10/49 | €87,460 | €92,594 | +€5,133 | +5.9% |
| Equity | 10/15 | -€15,015 | -€1,480 | +€13,535 | +90.1% |
| Contributions | 10/11 | €105,620 | €104,500 | -€1,120 | -1.1% |
| Capital | 10 | €105,620 | €104,500 | -€1,120 | -1.1% |
| Issued capital | 100 | €105,620 | €104,500 | -€1,120 | -1.1% |
| Profit (loss) carried forward | 14 | -€120,635 | -€105,980 | +€14,655 | +12.1% |
| Amounts payable | 17/49 | €102,476 | €94,074 | -€8,401 | -8.2% |
| Amounts payable after more than one year | 17 | - | €10,745 | +€10,745 | |
| Financial debts | 170/4 | - | €10,745 | +€10,745 | |
| Amounts payable within one year | 42/48 | €102,476 | €83,329 | -€19,147 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,290 | +€2,290 | |
| Trade debts | 44 | €58,685 | €42,575 | -€16,111 | -27.5% |
| Suppliers | 440/4 | €58,685 | €42,575 | -€16,111 | -27.5% |
| Advances received on contracts in progress | 46 | - | €1,989 | +€1,989 | |
| Taxes, remuneration and social security | 45 | €24,776 | €26,886 | +€2,111 | +8.5% |
| Taxes | 450/3 | €11,789 | €11,345 | -€444 | -3.8% |
| Remuneration and social security | 454/9 | €12,987 | €15,541 | +€2,554 | +19.7% |
| Other amounts payable | 47/48 | €19,015 | €9,588 | -€9,427 | -49.6% |
| Non-recurring operating income | 76A | €2,244 | €1,196 | -€1,048 | -46.7% |
| Remuneration, social security and pensions | 62 | €148,094 | €147,953 | -€140 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,282 | €7,435 | +€3,153 | +73.6% |
| Other operating charges | 640/8 | €3,817 | €4,664 | +€847 | +22.2% |
| Non-recurring operating charges | 66A | €1,155 | €2,879 | +€1,724 | +149% |
| Gross operating margin | 9900 | €152,345 | €188,560 | +€36,215 | +23.8% |
| Operating profit (loss) | 9901 | -€5,003 | €25,628 | +€30,631 | |
| Financial income | 75/76B | €111 | €212 | +€101 | +91.1% |
| Recurring financial income | 75 | €111 | €212 | +€101 | +91.1% |
| Financial charges | 65/66B | €949 | €1,975 | +€1,026 | +108% |
| Recurring financial charges | 65 | €949 | €1,724 | +€774 | +81.6% |
| Non-recurring financial charges | 66B | - | €251 | +€251 | |
| Profit (loss) for the period before taxes | 9903 | -€5,841 | €23,865 | +€29,706 | |
| Income taxes | 67/77 | - | €9,210 | +€9,210 | |
| Profit (loss) for the period | 9904 | -€5,841 | €14,655 | +€20,496 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,841 | €14,655 | +€20,496 |
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 27 October 2026 via checked.be.