AGORAKING: 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.
AGORAKING
Largest movements
- Tangible fixed assets -€142,466
down €142,466 (-12.8%), from €1.1m to €969,807
of which Other tangible fixed assets: -€134,951
- Intangible fixed assets -€60,700
down €60,700 (-25.3%), from €239,984 to €179,284
- Receivables within one year -€18,594
down €18,594 (-79.1%), from €23,520 to €4,926
of which Other amounts receivable: -€18,883
- Cash +€15,641
up €15,641 (+11.1%), from €140,502 to €156,143
mainly Depreciation (+€205,616) and Other debts (+€27,658)
- Trade debts -€147,498
down €147,498 (-51.5%), from €286,637 to €139,139
- Current portion of long-term debt -€59,649
down €59,649 (-35.8%), from €166,640 to €106,992
- Debts after one year -€43,712
down €43,712 (-8.2%), from €532,013 to €488,301
- Other debts +€27,658
up €27,658 (+5.8%), from €478,987 to €506,644
- Tax, wage and social debts +€26,090
up €26,090 (+25.1%), from €103,833 to €129,923
of which Remuneration and social security: +€25,316
- Staff costs -€290,503
down €290,503 (-24.4%), from €1.2m to €897,704
- Gross operating margin -€225,518
down €225,518 (-16.6%), from €1.4m to €1.1m
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 | €1,549,425 | €1,339,063 | -€210,362 | -13.6% |
| Fixed assets | 21/28 | €1,352,257 | €1,149,091 | -€203,166 | -15.0% |
| Intangible fixed assets | 21 | €239,984 | €179,284 | -€60,700 | -25.3% |
| Tangible fixed assets | 22/27 | €1,112,273 | €969,807 | -€142,466 | -12.8% |
| Plant, machinery and equipment | 23 | €45,989 | €38,474 | -€7,515 | -16.3% |
| Other tangible fixed assets | 26 | €1,066,284 | €931,333 | -€134,951 | -12.7% |
| Current assets | 29/58 | €197,167 | €189,972 | -€7,196 | -3.6% |
| Stocks and contracts in progress | 3 | €26,703 | €28,693 | +€1,990 | +7.5% |
| Stocks | 30/36 | €26,703 | €28,693 | +€1,990 | +7.5% |
| Amounts receivable within one year | 40/41 | €23,520 | €4,926 | -€18,594 | -79.1% |
| Trade receivables | 40 | - | €289 | +€289 | |
| Other amounts receivable | 41 | €23,520 | €4,637 | -€18,883 | -80.3% |
| Cash at bank and in hand | 54/58 | €140,502 | €156,143 | +€15,641 | +11.1% |
| Deferred charges and accrued income | 490/1 | €6,442 | €210 | -€6,233 | -96.7% |
| Total equity and liabilities | 10/49 | €1,549,425 | €1,339,063 | -€210,362 | -13.6% |
| Equity | 10/15 | -€18,685 | -€31,936 | -€13,251 | -70.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,685 | -€106,936 | -€13,251 | -14.1% |
| Amounts payable | 17/49 | €1,568,110 | €1,370,999 | -€197,111 | -12.6% |
| Amounts payable after more than one year | 17 | €532,013 | €488,301 | -€43,712 | -8.2% |
| Financial debts | 170/4 | €532,013 | €488,301 | -€43,712 | -8.2% |
| Amounts payable within one year | 42/48 | €1,036,097 | €882,698 | -€153,399 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €166,640 | €106,992 | -€59,649 | -35.8% |
| Trade debts | 44 | €286,637 | €139,139 | -€147,498 | -51.5% |
| Suppliers | 440/4 | €286,637 | €139,139 | -€147,498 | -51.5% |
| Taxes, remuneration and social security | 45 | €103,833 | €129,923 | +€26,090 | +25.1% |
| Taxes | 450/3 | €12,225 | €12,999 | +€774 | +6.3% |
| Remuneration and social security | 454/9 | €91,608 | €116,924 | +€25,316 | +27.6% |
| Other amounts payable | 47/48 | €478,987 | €506,644 | +€27,658 | +5.8% |
| Non-recurring operating income | 76A | €17,916 | €688 | -€17,228 | -96.2% |
| Remuneration, social security and pensions | 62 | €1,188,207 | €897,704 | -€290,503 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,841 | €205,616 | -€11,225 | -5.2% |
| Other operating charges | 640/8 | €551 | €1,333 | +€783 | +142.2% |
| Gross operating margin | 9900 | €1,359,785 | €1,134,267 | -€225,518 | -16.6% |
| Operating profit (loss) | 9901 | -€45,814 | €29,614 | +€75,428 | |
| Financial income | 75/76B | €2,534 | €1,570 | -€964 | -38.0% |
| Recurring financial income | 75 | €2,534 | €1,570 | -€964 | -38.0% |
| Financial charges | 65/66B | €50,405 | €44,435 | -€5,970 | -11.8% |
| Recurring financial charges | 65 | €50,405 | €44,435 | -€5,970 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€93,685 | -€13,251 | +€80,434 | +85.9% |
| Profit (loss) for the period | 9904 | -€93,685 | -€13,251 | +€80,434 | +85.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,685 | -€13,251 | +€80,434 | +85.9% |
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.