AGRAFA COMMUNICATIONS: 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.
AGRAFA COMMUNICATIONS
Largest movements
- Financial fixed assets -€110,000
down €110,000 (-99.8%), from €110,250 to €250
- Tangible fixed assets -€61,140
down €61,140 (-6.2%), from €983,436 to €922,296
of which Land and buildings: -€41,235
- Cash -€45,797
down €45,797 (-31.8%), from €144,148 to €98,351
mainly Contributions, distributions and other (-€243,294) and Net result for the year (-€127,228)
- Receivables within one year -€36,643
down €36,643 (-41.5%), from €88,259 to €51,616
of which Trade receivables: -€23,767
- Reserves -€370,521
down €370,521 (-42.6%), from €869,135 to €498,614
of which Distributable reserves: -€370,521
- Other debts +€192,793
up €192,793 (+353.3%), from €54,564 to €247,356
- Debts after one year -€37,052
down €37,052 (-12.2%), from €303,719 to €266,667
- Tax, wage and social debts -€20,161
down €20,161 (-89.1%), from €22,631 to €2,470
of which Taxes: -€20,161
- Current portion of long-term debt -€16,127
down €16,127 (-30.3%), from €53,179 to €37,052
- Gross operating margin -€135,381
down €135,381 (-74.3%), from €182,217 to €46,836
- Other operating charges -€41,826
down €41,826 (-85.5%), from €48,933 to €7,107
- Taxes -€22,942
down €22,942 (-96.8%), from €23,689 to €747
- Financial income -€14,372
down €14,372 (-92.1%), from €15,609 to €1,237
- Depreciation +€4,421
up €4,421 (+7.6%), from €58,350 to €62,771
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 | €1,328,172 | €1,074,966 | -€253,206 | -19.1% |
| Fixed assets | 21/28 | €1,093,686 | €922,546 | -€171,140 | -15.6% |
| Tangible fixed assets | 22/27 | €983,436 | €922,296 | -€61,140 | -6.2% |
| Land and buildings | 22 | €913,827 | €872,593 | -€41,235 | -4.5% |
| Plant, machinery and equipment | 23 | €25,561 | €20,880 | -€4,682 | -18.3% |
| Furniture and vehicles | 24 | €44,047 | €28,823 | -€15,224 | -34.6% |
| Financial fixed assets | 28 | €110,250 | €250 | -€110,000 | -99.8% |
| Current assets | 29/58 | €234,486 | €152,421 | -€82,065 | -35.0% |
| Amounts receivable within one year | 40/41 | €88,259 | €51,616 | -€36,643 | -41.5% |
| Trade receivables | 40 | €46,933 | €23,165 | -€23,767 | -50.6% |
| Other amounts receivable | 41 | €41,326 | €28,451 | -€12,876 | -31.2% |
| Cash at bank and in hand | 54/58 | €144,148 | €98,351 | -€45,797 | -31.8% |
| Deferred charges and accrued income | 490/1 | €2,079 | €2,454 | +€375 | +18.0% |
| Total equity and liabilities | 10/49 | €1,328,172 | €1,074,966 | -€253,206 | -19.1% |
| Equity | 10/15 | €888,159 | €517,638 | -€370,521 | -41.7% |
| Contributions | 10/11 | €19,024 | €19,024 | = | 0.0% |
| Reserves | 13 | €869,135 | €498,614 | -€370,521 | -42.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €869,135 | €498,614 | -€370,521 | -42.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €440,013 | €557,328 | +€117,316 | +26.7% |
| Amounts payable after more than one year | 17 | €303,719 | €266,667 | -€37,052 | -12.2% |
| Financial debts | 170/4 | €303,719 | €266,667 | -€37,052 | -12.2% |
| Amounts payable within one year | 42/48 | €136,294 | €290,662 | +€154,368 | +113.3% |
| Current portion of amounts payable after more than one year | 42 | €53,179 | €37,052 | -€16,127 | -30.3% |
| Trade debts | 44 | €5,120 | €3,783 | -€1,337 | -26.1% |
| Suppliers | 440/4 | €5,120 | €3,783 | -€1,337 | -26.1% |
| Advances received on contracts in progress | 46 | €800 | €0 | -€800 | -100.0% |
| Taxes, remuneration and social security | 45 | €22,631 | €2,470 | -€20,161 | -89.1% |
| Taxes | 450/3 | €22,631 | €2,470 | -€20,161 | -89.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €54,564 | €247,356 | +€192,793 | +353.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,350 | €62,771 | +€4,421 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €48,933 | €7,107 | -€41,826 | -85.5% |
| Non-recurring operating charges | 66A | - | €96,671 | +€96,671 | |
| Gross operating margin | 9900 | €182,217 | €46,836 | -€135,381 | -74.3% |
| Operating profit (loss) | 9901 | €74,933 | -€119,713 | -€194,646 | |
| Financial income | 75/76B | €15,609 | €1,237 | -€14,372 | -92.1% |
| Recurring financial income | 75 | €15,609 | €1,237 | -€14,372 | -92.1% |
| Financial charges | 65/66B | €10,301 | €8,005 | -€2,297 | -22.3% |
| Recurring financial charges | 65 | €10,301 | €8,005 | -€2,297 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €80,241 | -€126,481 | -€206,721 | |
| Income taxes | 67/77 | €23,689 | €747 | -€22,942 | -96.8% |
| Profit (loss) for the period | 9904 | €56,551 | -€127,228 | -€183,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,551 | -€127,228 | -€183,779 |
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 11 October 2026 via checked.be.