AGOTACK: 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.
AGOTACK
Largest movements
- Receivables within one year -€75,416
down €75,416 (-48.6%), from €155,159 to €79,742
of which Trade receivables: -€110,759
- Tangible fixed assets -€72,045
down €72,045 (-13.9%), from €517,955 to €445,910
of which Land and buildings: -€51,033
- Current investments +€59,985
up €59,985 (+26.1%), from €229,494 to €289,479
- Cash -€55,925
down €55,925 (-39.6%), from €141,310 to €85,385
mainly Debts after one year (-€75,470) and Current investments (-€59,985)
- Debts after one year -€75,470
down €75,470 (-23.9%), from €316,190 to €240,720
- Reserves -€36,380
down €36,380 (-6.0%), from €604,419 to €568,040
of which Distributable reserves: -€29,880
- Tax, wage and social debts -€21,745
down €21,745 (-100%), from €21,745 to €0
- Financial income +€14,226
up €14,226 (+885%), from €1,607 to €15,833
- Depreciation +€14,209
up €14,209 (+24.6%), from €57,836 to €72,045
- Other operating charges +€5,786
up €5,786 (+144%), from €4,021 to €9,808
- Financial charges +€5,306
up €5,306 (+137%), from €3,868 to €9,174
- Taxes -€4,361
down €4,361, from €228 to -€4,133
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 | €1,043,917 | €904,604 | -€139,313 | -13.3% |
| Fixed assets | 21/28 | €517,955 | €445,910 | -€72,045 | -13.9% |
| Tangible fixed assets | 22/27 | €517,955 | €445,910 | -€72,045 | -13.9% |
| Land and buildings | 22 | €472,100 | €421,066 | -€51,033 | -10.8% |
| Plant, machinery and equipment | 23 | €1,351 | €557 | -€794 | -58.7% |
| Furniture and vehicles | 24 | €44,504 | €24,286 | -€20,218 | -45.4% |
| Current assets | 29/58 | €525,962 | €458,695 | -€67,268 | -12.8% |
| Amounts receivable within one year | 40/41 | €155,159 | €79,742 | -€75,416 | -48.6% |
| Trade receivables | 40 | €110,759 | €0 | -€110,759 | -100% |
| Other amounts receivable | 41 | €44,400 | €79,742 | +€35,342 | +79.6% |
| Current investments | 50/53 | €229,494 | €289,479 | +€59,985 | +26.1% |
| Cash at bank and in hand | 54/58 | €141,310 | €85,385 | -€55,925 | -39.6% |
| Deferred charges and accrued income | 490/1 | - | €4,088 | +€4,088 | |
| Total equity and liabilities | 10/49 | €1,043,917 | €904,604 | -€139,313 | -13.3% |
| Equity | 10/15 | €669,419 | €633,040 | -€36,380 | -5.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €604,419 | €568,040 | -€36,380 | -6.0% |
| Non-distributable reserves | 130/1 | €6,500 | €0 | -€6,500 | -100% |
| Reserves not available under the articles | 1311 | €6,500 | €0 | -€6,500 | -100% |
| Distributable reserves | 133 | €597,919 | €568,040 | -€29,880 | -5.0% |
| Amounts payable | 17/49 | €374,498 | €271,564 | -€102,933 | -27.5% |
| Amounts payable after more than one year | 17 | €316,190 | €240,720 | -€75,470 | -23.9% |
| Financial debts | 170/4 | €316,190 | €240,720 | -€75,470 | -23.9% |
| Amounts payable within one year | 42/48 | €58,307 | €30,844 | -€27,463 | -47.1% |
| Current portion of amounts payable after more than one year | 42 | €36,563 | €29,230 | -€7,333 | -20.1% |
| Trade debts | 44 | €0 | €1,615 | +€1,615 | |
| Suppliers | 440/4 | €0 | €1,615 | +€1,615 | |
| Taxes, remuneration and social security | 45 | €21,745 | €0 | -€21,745 | -100% |
| Taxes | 450/3 | €21,745 | €0 | -€21,745 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,561 | €0 | -€1,561 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,836 | €72,045 | +€14,209 | +24.6% |
| Other operating charges | 640/8 | €4,021 | €9,808 | +€5,786 | +144% |
| Gross operating margin | 9900 | €30,882 | €34,681 | +€3,799 | +12.3% |
| Operating profit (loss) | 9901 | -€32,537 | -€47,172 | -€14,635 | -45.0% |
| Financial income | 75/76B | €1,607 | €15,833 | +€14,226 | +885% |
| Recurring financial income | 75 | €1,607 | €15,833 | +€14,226 | +885% |
| Financial charges | 65/66B | €3,868 | €9,174 | +€5,306 | +137% |
| Recurring financial charges | 65 | €3,868 | €9,174 | +€5,306 | +137% |
| Profit (loss) for the period before taxes | 9903 | -€34,797 | -€40,513 | -€5,716 | -16.4% |
| Income taxes | 67/77 | €228 | -€4,133 | -€4,361 | |
| Profit (loss) for the period | 9904 | -€35,025 | -€36,380 | -€1,355 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,025 | -€36,380 | -€1,355 | -3.9% |
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 23 October 2026 via checked.be.