AGORA-VDH: 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-VDH
Largest movements
- Cash -€1,076
down €1,076 (-37.3%), from €2,887 to €1,812
mainly Net result for the year (-€1,607) and Tax, wage and social debts (-€96)
- Receivables within one year -€149
down €149 (-99.2%), from €150 to €1
of which Other amounts receivable: -€149
- Profit (loss) carried forward -€1,607
down €1,607 (-0.1%), from -€1.2m to -€1.2m
- Trade debts +€478
new in 2025: €478
- Tax, wage and social debts -€96
down €96 (-100%), from €96 to €0
- Gross operating margin -€2,119
down €2,119, from €568 to -€1,552
- Write-downs +€975
up €975 (+70.9%), from -€1,375 to -€400
- Financial income -€879
down €879 (-82.0%), from €1,072 to €193
- Financial charges -€605
down €605 (-92.0%), from €658 to €53
- Other operating charges -€186
down €186 (-23.8%), from €780 to €595
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 | €3,037 | €1,813 | -€1,225 | -40.3% |
| Current assets | 29/58 | €3,037 | €1,813 | -€1,225 | -40.3% |
| Amounts receivable within one year | 40/41 | €150 | €1 | -€149 | -99.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €150 | €1 | -€149 | -99.2% |
| Cash at bank and in hand | 54/58 | €2,887 | €1,812 | -€1,076 | -37.3% |
| Total equity and liabilities | 10/49 | €3,037 | €1,813 | -€1,225 | -40.3% |
| Equity | 10/15 | -€989,366 | -€990,973 | -€1,607 | -0.2% |
| Contributions | 10/11 | €253,527 | €253,527 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,245,373 | -€1,246,979 | -€1,607 | -0.1% |
| Amounts payable | 17/49 | €992,404 | €992,786 | +€382 | 0.0% |
| Amounts payable within one year | 42/48 | €992,404 | €992,786 | +€382 | 0.0% |
| Trade debts | 44 | - | €478 | +€478 | |
| Suppliers | 440/4 | - | €478 | +€478 | |
| Taxes, remuneration and social security | 45 | €96 | €0 | -€96 | -100% |
| Taxes | 450/3 | €96 | €0 | -€96 | -100% |
| Other amounts payable | 47/48 | €992,307 | €992,307 | = | 0.0% |
| Non-recurring operating income | 76A | €1,511 | €0 | -€1,511 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,375 | -€400 | +€975 | +70.9% |
| Other operating charges | 640/8 | €780 | €595 | -€186 | -23.8% |
| Gross operating margin | 9900 | €568 | -€1,552 | -€2,119 | |
| Operating profit (loss) | 9901 | €1,163 | -€1,747 | -€2,909 | |
| Financial income | 75/76B | €1,072 | €193 | -€879 | -82.0% |
| Recurring financial income | 75 | €1,072 | €193 | -€879 | -82.0% |
| Financial charges | 65/66B | €658 | €53 | -€605 | -92.0% |
| Recurring financial charges | 65 | €658 | €53 | -€605 | -92.0% |
| Profit (loss) for the period before taxes | 9903 | €1,577 | -€1,607 | -€3,184 | |
| Profit (loss) for the period | 9904 | €1,577 | -€1,607 | -€3,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,577 | -€1,607 | -€3,184 |
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 20 October 2026 via checked.be.