AGORIMCO: 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.
AGORIMCO
Largest movements
- Tangible fixed assets -€81,068
down €81,068 (-8.7%), from €931,318 to €850,250
of which Assets under construction and advance payments: -€49,530
- Receivables within one year -€46,653
down €46,653 (-18.3%), from €254,872 to €208,219
- Other debts -€48,750
down €48,750 (-26.5%), from €184,175 to €135,425
- Reserves -€27,895
down €27,895 (-6.3%), from €445,183 to €417,288
of which Tax-exempt reserves: -€27,895
- Profit (loss) carried forward -€24,397
down €24,397 (-44.0%), from €55,456 to €31,060
- Debts after one year -€18,487
down €18,487 (-7.9%), from €232,752 to €214,265
of which Financial debts: -€19,807
- Accrued charges and deferred income +€15,726
up €15,726 (+97.7%), from €16,092 to €31,818
- Other operating charges +€36,197
up €36,197 (+672.4%), from €5,384 to €41,581
- Financial income +€2,570
up €2,570 (+68.0%), from €3,778 to €6,347
- Taxes -€2,470
no longer reported in 2025 (was €2,470)
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 | €1,190,884 | €1,066,542 | -€124,342 | -10.4% |
| Fixed assets | 21/28 | €931,343 | €850,275 | -€81,068 | -8.7% |
| Tangible fixed assets | 22/27 | €931,318 | €850,250 | -€81,068 | -8.7% |
| Land and buildings | 22 | €881,789 | €850,250 | -€31,539 | -3.6% |
| Assets under construction and advance payments | 27 | €49,530 | - | -€49,530 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €259,541 | €216,267 | -€43,273 | -16.7% |
| Amounts receivable within one year | 40/41 | €254,872 | €208,219 | -€46,653 | -18.3% |
| Other amounts receivable | 41 | €254,872 | €208,219 | -€46,653 | -18.3% |
| Cash at bank and in hand | 54/58 | €4,522 | €7,680 | +€3,158 | +69.8% |
| Deferred charges and accrued income | 490/1 | €147 | €368 | +€221 | +150.3% |
| Total equity and liabilities | 10/49 | €1,190,884 | €1,066,542 | -€124,342 | -10.4% |
| Equity | 10/15 | €586,889 | €534,598 | -€52,291 | -8.9% |
| Contributions | 10/11 | €86,250 | €86,250 | = | 0.0% |
| Capital | 10 | €86,250 | €86,250 | = | 0.0% |
| Issued capital | 100 | €86,250 | €86,250 | = | 0.0% |
| Reserves | 13 | €445,183 | €417,288 | -€27,895 | -6.3% |
| Non-distributable reserves | 130/1 | €8,830 | €8,830 | = | 0.0% |
| Legal reserve | 130 | €8,830 | €8,830 | = | 0.0% |
| Tax-exempt reserves | 132 | €436,353 | €408,458 | -€27,895 | -6.4% |
| Profit (loss) carried forward | 14 | €55,456 | €31,060 | -€24,397 | -44.0% |
| Provisions and deferred taxes | 16 | €135,034 | €125,736 | -€9,298 | -6.9% |
| Deferred taxes | 168 | €135,034 | €125,736 | -€9,298 | -6.9% |
| Amounts payable | 17/49 | €468,961 | €406,208 | -€62,752 | -13.4% |
| Amounts payable after more than one year | 17 | €232,752 | €214,265 | -€18,487 | -7.9% |
| Financial debts | 170/4 | €232,752 | €212,945 | -€19,807 | -8.5% |
| Other amounts payable | 178/9 | - | €1,320 | +€1,320 | |
| Amounts payable within one year | 42/48 | €220,117 | €160,126 | -€59,991 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €19,422 | €19,812 | +€391 | +2.0% |
| Trade debts | 44 | €3,095 | €2,419 | -€676 | -21.8% |
| Suppliers | 440/4 | €3,095 | €2,419 | -€676 | -21.8% |
| Advances received on contracts in progress | 46 | €140 | - | -€140 | |
| Taxes, remuneration and social security | 45 | €13,286 | €2,470 | -€10,815 | -81.4% |
| Taxes | 450/3 | €13,286 | €2,470 | -€10,815 | -81.4% |
| Other amounts payable | 47/48 | €184,175 | €135,425 | -€48,750 | -26.5% |
| Accrued charges and deferred income | 492/3 | €16,092 | €31,818 | +€15,726 | +97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,923 | €41,237 | +€313 | +0.8% |
| Other operating charges | 640/8 | €5,384 | €41,581 | +€36,197 | +672.4% |
| Gross operating margin | 9900 | €34,947 | €35,126 | +€179 | +0.5% |
| Operating profit (loss) | 9901 | -€11,360 | -€47,692 | -€36,331 | -319.8% |
| Financial income | 75/76B | €3,778 | €6,347 | +€2,570 | +68.0% |
| Recurring financial income | 75 | €3,778 | €6,347 | +€2,570 | +68.0% |
| Financial charges | 65/66B | €20,545 | €20,245 | -€300 | -1.5% |
| Recurring financial charges | 65 | €20,545 | €20,245 | -€300 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,128 | -€61,590 | -€33,462 | -119.0% |
| Transfer from deferred taxes | 780 | €9,298 | €9,298 | -€0 | 0.0% |
| Income taxes | 67/77 | €2,470 | - | -€2,470 | |
| Profit (loss) for the period | 9904 | -€21,300 | -€52,291 | -€30,991 | -145.5% |
| Transfer from tax-exempt reserves | 789 | €27,895 | €27,895 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,595 | -€24,397 | -€30,991 |
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 12 October 2026 via checked.be.