AGRADEZCO: 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.
AGRADEZCO
Largest movements
- Receivables within one year -€19,705
down €19,705 (-58.0%), from €33,962 to €14,257
of which Trade receivables: -€16,176
- Cash +€16,142
up €16,142 (+40.4%), from €39,991 to €56,133
mainly Receivables within one year (+€19,705) and Depreciation (+€12,869)
- Tangible fixed assets -€12,869
down €12,869 (-5.5%), from €231,897 to €219,028
of which Land and buildings: -€10,683
- Debts after one year -€13,536
down €13,536 (-9.3%), from €145,417 to €131,881
- Gross operating margin -€17,013
down €17,013 (-44.7%), from €38,031 to €21,017
- Taxes -€2,478
down €2,478 (-63.4%), from €3,911 to €1,433
- Financial charges -€1,720
down €1,720 (-16.7%), from €10,299 to €8,579
- Depreciation -€1,652
down €1,652 (-11.4%), from €14,521 to €12,869
- Financial income -€947
down €947 (-89.4%), from €1,059 to €112
of which Non-recurring financial income: -€576
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 | €457,363 | €442,133 | -€15,231 | -3.3% |
| Fixed assets | 21/28 | €331,897 | €319,028 | -€12,869 | -3.9% |
| Tangible fixed assets | 22/27 | €231,897 | €219,028 | -€12,869 | -5.5% |
| Land and buildings | 22 | €225,669 | €214,986 | -€10,683 | -4.7% |
| Plant, machinery and equipment | 23 | €1,673 | €639 | -€1,034 | -61.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €4,556 | €3,403 | -€1,152 | -25.3% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €125,467 | €123,105 | -€2,362 | -1.9% |
| Amounts receivable within one year | 40/41 | €33,962 | €14,257 | -€19,705 | -58.0% |
| Trade receivables | 40 | €25,800 | €9,625 | -€16,176 | -62.7% |
| Other amounts receivable | 41 | €8,162 | €4,633 | -€3,529 | -43.2% |
| Current investments | 50/53 | €50,420 | €50,499 | +€79 | +0.2% |
| Cash at bank and in hand | 54/58 | €39,991 | €56,133 | +€16,142 | +40.4% |
| Deferred charges and accrued income | 490/1 | €1,094 | €2,215 | +€1,121 | +103% |
| Total equity and liabilities | 10/49 | €457,363 | €442,133 | -€15,231 | -3.3% |
| Equity | 10/15 | €220,077 | €216,220 | -€3,857 | -1.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €210,077 | €210,077 | = | 0.0% |
| Distributable reserves | 133 | €210,077 | €210,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€3,857 | -€3,857 | |
| Amounts payable | 17/49 | €237,287 | €225,913 | -€11,374 | -4.8% |
| Amounts payable after more than one year | 17 | €145,417 | €131,881 | -€13,536 | -9.3% |
| Financial debts | 170/4 | €145,417 | €131,881 | -€13,536 | -9.3% |
| Amounts payable within one year | 42/48 | €86,059 | €90,398 | +€4,338 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €13,325 | €13,536 | +€211 | +1.6% |
| Financial debts | 43 | €3,396 | €1,598 | -€1,797 | -52.9% |
| Credit institutions | 430/8 | €3,396 | €1,598 | -€1,797 | -52.9% |
| Trade debts | 44 | €1,341 | €1,299 | -€41 | -3.1% |
| Suppliers | 440/4 | €1,341 | €1,299 | -€41 | -3.1% |
| Taxes, remuneration and social security | 45 | €4,356 | €7,396 | +€3,039 | +69.8% |
| Taxes | 450/3 | €4,356 | €7,396 | +€3,039 | +69.8% |
| Other amounts payable | 47/48 | €63,641 | €66,569 | +€2,927 | +4.6% |
| Accrued charges and deferred income | 492/3 | €5,811 | €3,634 | -€2,176 | -37.5% |
| Non-recurring operating income | 76A | €1,692 | €0 | -€1,692 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,521 | €12,869 | -€1,652 | -11.4% |
| Other operating charges | 640/8 | €2,888 | €2,105 | -€783 | -27.1% |
| Non-recurring operating charges | 66A | €83 | €0 | -€83 | -100% |
| Gross operating margin | 9900 | €38,031 | €21,017 | -€17,013 | -44.7% |
| Operating profit (loss) | 9901 | €20,539 | €6,043 | -€14,496 | -70.6% |
| Financial income | 75/76B | €1,059 | €112 | -€947 | -89.4% |
| Recurring financial income | 75 | €483 | €112 | -€371 | -76.7% |
| Non-recurring financial income | 76B | €576 | €0 | -€576 | -100% |
| Financial charges | 65/66B | €10,299 | €8,579 | -€1,720 | -16.7% |
| Recurring financial charges | 65 | €10,299 | €8,579 | -€1,720 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €11,299 | -€2,424 | -€13,723 | |
| Income taxes | 67/77 | €3,911 | €1,433 | -€2,478 | -63.4% |
| Profit (loss) for the period | 9904 | €7,388 | -€3,857 | -€11,245 | |
| Transfer from tax-exempt reserves | 789 | €622 | €0 | -€622 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €8,010 | -€3,857 | -€11,867 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.