AGORIVE: 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.
AGORIVE
Largest movements
- Cash +€3.8m
up €3.8m (+110.5%), from €3.4m to €7.2m
mainly Net result for the year (+€1.9m) and Investment in fixed assets (net) (+€1.1m)
- Financial fixed assets -€1.3m
down €1.3m (-6.4%), from €19.8m to €18.5m
- Current investments -€477,861
down €477,861 (-3.0%), from €15.9m to €15.5m
- Profit (loss) carried forward +€1.9m
up €1.9m (+59.1%), from €3.3m to €5.2m
- Financial charges +€716,526
up €716,526 (+234.0%), from €306,268 to €1.0m
- Financial income -€559,713
down €559,713 (-15.0%), from €3.7m to €3.2m
- Taxes +€39,523
up €39,523 (+28765.2%), from €137 to €39,661
- Depreciation +€14,225
new in 2025: €14,225
- Other operating charges +€14,138
up €14,138 (+156.9%), from €9,009 to €23,147
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 | €43,627,596 | €45,516,512 | +€1.9m | +4.3% |
| Fixed assets | 21/28 | €20,197,995 | €19,087,446 | -€1.1m | -5.5% |
| Tangible fixed assets | 22/27 | €421,950 | €578,423 | +€156,473 | +37.1% |
| Land and buildings | 22 | €421,950 | €421,950 | = | 0.0% |
| Furniture and vehicles | 24 | - | €156,473 | +€156,473 | |
| Financial fixed assets | 28 | €19,776,045 | €18,509,023 | -€1.3m | -6.4% |
| Current assets | 29/58 | €23,429,601 | €26,429,067 | +€3.0m | +12.8% |
| Amounts receivable within one year | 40/41 | €4,047,932 | €3,729,437 | -€318,495 | -7.9% |
| Other amounts receivable | 41 | €4,047,932 | €3,729,437 | -€318,495 | -7.9% |
| Current investments | 50/53 | €15,940,602 | €15,462,742 | -€477,861 | -3.0% |
| Cash at bank and in hand | 54/58 | €3,406,781 | €7,170,877 | +€3.8m | +110.5% |
| Deferred charges and accrued income | 490/1 | €34,285 | €66,010 | +€31,725 | +92.5% |
| Total equity and liabilities | 10/49 | €43,627,596 | €45,516,512 | +€1.9m | +4.3% |
| Equity | 10/15 | €7,460,747 | €9,410,083 | +€1.9m | +26.1% |
| Contributions | 10/11 | €2,100,000 | €2,100,000 | = | 0.0% |
| Capital | 10 | €2,100,000 | €2,100,000 | = | 0.0% |
| Issued capital | 100 | €2,100,000 | €2,100,000 | = | 0.0% |
| Reserves | 13 | €2,065,000 | €2,065,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €210,000 | €210,000 | = | 0.0% |
| Legal reserve | 130 | €210,000 | €210,000 | = | 0.0% |
| Distributable reserves | 133 | €1,855,000 | €1,855,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,295,747 | €5,245,083 | +€1.9m | +59.1% |
| Amounts payable | 17/49 | €36,166,849 | €36,106,429 | -€60,420 | -0.2% |
| Amounts payable within one year | 42/48 | €35,810,833 | €35,942,965 | +€132,132 | +0.4% |
| Trade debts | 44 | €121,595 | €128,935 | +€7,340 | +6.0% |
| Suppliers | 440/4 | €121,595 | €128,935 | +€7,340 | +6.0% |
| Taxes, remuneration and social security | 45 | €673 | €673 | = | 0.0% |
| Taxes | 450/3 | €673 | €673 | = | 0.0% |
| Other amounts payable | 47/48 | €35,688,565 | €35,813,357 | +€124,792 | +0.3% |
| Accrued charges and deferred income | 492/3 | €356,015 | €163,464 | -€192,552 | -54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,225 | +€14,225 | |
| Other operating charges | 640/8 | €9,009 | €23,147 | +€14,138 | +156.9% |
| Gross operating margin | 9900 | -€110,792 | -€112,401 | -€1,609 | -1.5% |
| Operating profit (loss) | 9901 | -€119,801 | -€149,773 | -€29,972 | -25.0% |
| Financial income | 75/76B | €3,721,276 | €3,161,563 | -€559,713 | -15.0% |
| Recurring financial income | 75 | €3,721,276 | €3,161,563 | -€559,713 | -15.0% |
| Financial charges | 65/66B | €306,268 | €1,022,793 | +€716,526 | +234.0% |
| Recurring financial charges | 65 | €306,268 | €1,022,793 | +€716,526 | +234.0% |
| Profit (loss) for the period before taxes | 9903 | €3,295,207 | €1,988,997 | -€1.3m | -39.6% |
| Income taxes | 67/77 | €137 | €39,661 | +€39,523 | +28765.2% |
| Profit (loss) for the period | 9904 | €3,295,070 | €1,949,336 | -€1.3m | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,295,070 | €1,949,336 | -€1.3m | -40.8% |
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 4 October 2026 via checked.be.