AGORAGEM: 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.
AGORAGEM
Largest movements
- Tangible fixed assets -€58,470
down €58,470 (-17.5%), from €334,318 to €275,848
- Receivables within one year +€6,543
up €6,543 (+2.5%), from €264,580 to €271,122
- Reserves -€38,027
down €38,027 (-16.9%), from €224,875 to €186,848
of which Tax-exempt reserves: -€38,027
- Provisions -€12,676
down €12,676 (-17.7%), from €71,625 to €58,949
- Gross operating margin -€18,221
down €18,221 (-66.9%), from €27,231 to €9,010
- Financial income +€6,715
up €6,715 (+250.7%), from €2,678 to €9,393
- Taxes -€2,907
down €2,907 (-61.5%), from €4,729 to €1,822
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 | €619,682 | €567,123 | -€52,559 | -8.5% |
| Fixed assets | 21/28 | €334,318 | €275,848 | -€58,470 | -17.5% |
| Tangible fixed assets | 22/27 | €334,318 | €275,848 | -€58,470 | -17.5% |
| Land and buildings | 22 | €334,318 | €275,848 | -€58,470 | -17.5% |
| Current assets | 29/58 | €285,364 | €291,275 | +€5,910 | +2.1% |
| Amounts receivable within one year | 40/41 | €264,580 | €271,122 | +€6,543 | +2.5% |
| Other amounts receivable | 41 | €264,580 | €271,122 | +€6,543 | +2.5% |
| Cash at bank and in hand | 54/58 | €18,118 | €17,480 | -€638 | -3.5% |
| Deferred charges and accrued income | 490/1 | €2,666 | €2,672 | +€6 | +0.2% |
| Total equity and liabilities | 10/49 | €619,682 | €567,123 | -€52,559 | -8.5% |
| Equity | 10/15 | €468,884 | €435,037 | -€33,847 | -7.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €224,875 | €186,848 | -€38,027 | -16.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €214,875 | €176,848 | -€38,027 | -17.7% |
| Profit (loss) carried forward | 14 | €144,009 | €148,190 | +€4,181 | +2.9% |
| Provisions and deferred taxes | 16 | €71,625 | €58,949 | -€12,676 | -17.7% |
| Deferred taxes | 168 | €71,625 | €58,949 | -€12,676 | -17.7% |
| Amounts payable | 17/49 | €79,173 | €73,136 | -€6,037 | -7.6% |
| Amounts payable within one year | 42/48 | €79,173 | €73,136 | -€6,037 | -7.6% |
| Trade debts | 44 | €14,452 | €12,461 | -€1,990 | -13.8% |
| Suppliers | 440/4 | €14,452 | €12,461 | -€1,990 | -13.8% |
| Taxes, remuneration and social security | 45 | €4,738 | €1,675 | -€3,063 | -64.7% |
| Taxes | 450/3 | €4,738 | €1,675 | -€3,063 | -64.7% |
| Other amounts payable | 47/48 | €59,983 | €59,000 | -€983 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,470 | €58,470 | = | 0.0% |
| Other operating charges | 640/8 | €4,452 | €4,590 | +€139 | +3.1% |
| Gross operating margin | 9900 | €27,231 | €9,010 | -€18,221 | -66.9% |
| Operating profit (loss) | 9901 | -€35,690 | -€54,050 | -€18,360 | -51.4% |
| Financial income | 75/76B | €2,678 | €9,393 | +€6,715 | +250.7% |
| Recurring financial income | 75 | €2,678 | €9,393 | +€6,715 | +250.7% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€33,051 | -€44,700 | -€11,650 | -35.2% |
| Transfer from deferred taxes | 780 | €12,676 | €12,676 | = | 0.0% |
| Income taxes | 67/77 | €4,729 | €1,822 | -€2,907 | -61.5% |
| Profit (loss) for the period | 9904 | -€25,103 | -€33,847 | -€8,743 | -34.8% |
| Transfer from tax-exempt reserves | 789 | €38,027 | €38,027 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,924 | €4,181 | -€8,743 | -67.7% |
Source: filed annual accounts (NBB), financial years ended 15 October 2024 and 15 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.