AGORANOMOS: 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.
AGORANOMOS
Largest movements
- Cash +€127,041
up €127,041 (+1,275%), from €9,964 to €137,005
mainly Net result for the year (+€130,334) and Investment in fixed assets (net) (+€96,050)
- Tangible fixed assets -€113,661
down €113,661 (-14.2%), from €802,169 to €688,508
of which Land and buildings: -€112,501
- Receivables within one year -€34,132
down €34,132 (-15.9%), from €214,734 to €180,602
- Deferred charges and accrued income +€12,504
up €12,504 (+14,868%), from €84 to €12,588
- Debts after one year -€122,948
down €122,948 (-17.7%), from €695,022 to €572,075
- Reserves +€92,290
up €92,290 (+27.3%), from €338,047 to €430,337
- Tax, wage and social debts +€37,072
up €37,072 (+246%), from €15,053 to €52,125
- Current portion of long-term debt -€16,960
down €16,960 (-24.0%), from €70,625 to €53,665
- Gross operating margin +€42,810
up €42,810 (+25.5%), from €168,043 to €210,854
- Taxes +€22,299
up €22,299 (+62.3%), from €35,812 to €58,112
- Write-downs -€11,250
down €11,250 (-100%), from €11,250 to €0
- Depreciation -€9,936
down €9,936 (-36.1%), from €27,547 to €17,611
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 | €1,136,952 | €1,128,705 | -€8,247 | -0.7% |
| Fixed assets | 21/28 | €802,169 | €688,508 | -€113,661 | -14.2% |
| Tangible fixed assets | 22/27 | €802,169 | €688,508 | -€113,661 | -14.2% |
| Land and buildings | 22 | €797,265 | €684,764 | -€112,501 | -14.1% |
| Furniture and vehicles | 24 | €4,904 | €3,744 | -€1,160 | -23.7% |
| Current assets | 29/58 | €334,782 | €440,196 | +€105,414 | +31.5% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Other amounts receivable | 291 | €110,000 | €110,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €214,734 | €180,602 | -€34,132 | -15.9% |
| Other amounts receivable | 41 | €214,734 | €180,602 | -€34,132 | -15.9% |
| Cash at bank and in hand | 54/58 | €9,964 | €137,005 | +€127,041 | +1,275% |
| Deferred charges and accrued income | 490/1 | €84 | €12,588 | +€12,504 | +14,868% |
| Total equity and liabilities | 10/49 | €1,136,952 | €1,128,705 | -€8,247 | -0.7% |
| Equity | 10/15 | €350,447 | €442,737 | +€92,290 | +26.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €338,047 | €430,337 | +€92,290 | +27.3% |
| Distributable reserves | 133 | €338,047 | €430,337 | +€92,290 | +27.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €786,504 | €685,968 | -€100,537 | -12.8% |
| Amounts payable after more than one year | 17 | €695,022 | €572,075 | -€122,948 | -17.7% |
| Financial debts | 170/4 | €695,022 | €572,075 | -€122,948 | -17.7% |
| Amounts payable within one year | 42/48 | €91,482 | €113,893 | +€22,411 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €70,625 | €53,665 | -€16,960 | -24.0% |
| Trade debts | 44 | €2,404 | €1,202 | -€1,202 | -50.0% |
| Suppliers | 440/4 | €2,404 | €1,202 | -€1,202 | -50.0% |
| Advances received on contracts in progress | 46 | €3,400 | €6,901 | +€3,501 | +103% |
| Taxes, remuneration and social security | 45 | €15,053 | €52,125 | +€37,072 | +246% |
| Taxes | 450/3 | €15,053 | €52,125 | +€37,072 | +246% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,547 | €17,611 | -€9,936 | -36.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,250 | €0 | -€11,250 | -100% |
| Other operating charges | 640/8 | €892 | €1,863 | +€971 | +109% |
| Gross operating margin | 9900 | €168,043 | €210,854 | +€42,810 | +25.5% |
| Operating profit (loss) | 9901 | €128,354 | €191,380 | +€63,025 | +49.1% |
| Financial income | 75/76B | €2,858 | €2,909 | +€51 | +1.8% |
| Recurring financial income | 75 | €2,858 | €2,909 | +€51 | +1.8% |
| Financial charges | 65/66B | €5,937 | €5,844 | -€94 | -1.6% |
| Recurring financial charges | 65 | €5,937 | €5,844 | -€94 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €125,275 | €188,446 | +€63,170 | +50.4% |
| Income taxes | 67/77 | €35,812 | €58,112 | +€22,299 | +62.3% |
| Profit (loss) for the period | 9904 | €89,463 | €130,334 | +€40,871 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €89,463 | €130,334 | +€40,871 | +45.7% |
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.