AGRAM Management: 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.
AGRAM Management
Largest movements
- Receivables within one year +€85,114
up €85,114 (+25.7%), from €331,082 to €416,196
of which Other amounts receivable: +€109,636
- Intangible fixed assets -€17,990
down €17,990 (-100.0%), from €17,990 to €0
- Receivables after one year +€17,842
up €17,842 (+11.4%), from €157,159 to €175,002
- Tangible fixed assets -€13,588
down €13,588 (-63.2%), from €21,517 to €7,929
of which Furniture and vehicles: -€13,588
- Cash -€8,929
down €8,929 (-67.2%), from €13,292 to €4,363
mainly Receivables within one year (-€85,114) and Receivables after one year (-€17,842)
- Profit (loss) carried forward +€36,570
up €36,570 (+8.2%), from €443,370 to €479,941
- Tax, wage and social debts +€28,985
up €28,985 (+322.4%), from €8,991 to €37,975
of which Taxes: +€28,764
- Debts after one year -€8,574
down €8,574 (-100.0%), from €8,574 to €0
- Gross operating margin +€62,209
up €62,209 (+112.6%), from €55,229 to €117,438
- Taxes +€11,084
up €11,084 (+537.1%), from €2,064 to €13,148
- Depreciation -€8,142
down €8,142 (-56.2%), from €14,497 to €6,355
- Write-downs +€7,894
new in 2025: €7,894
- Financial charges +€3,096
up €3,096 (+365.9%), from €846 to €3,942
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 | €596,539 | €650,919 | +€54,380 | +9.1% |
| Fixed assets | 21/28 | €84,578 | €52,999 | -€31,578 | -37.3% |
| Intangible fixed assets | 21 | €17,990 | €0 | -€17,990 | -100.0% |
| Tangible fixed assets | 22/27 | €21,517 | €7,929 | -€13,588 | -63.2% |
| Furniture and vehicles | 24 | €18,317 | €4,729 | -€13,588 | -74.2% |
| Other tangible fixed assets | 26 | €3,200 | €3,200 | = | 0.0% |
| Financial fixed assets | 28 | €45,071 | €45,071 | = | 0.0% |
| Current assets | 29/58 | €511,961 | €597,919 | +€85,958 | +16.8% |
| Amounts receivable after more than one year | 29 | €157,159 | €175,002 | +€17,842 | +11.4% |
| Other amounts receivable | 291 | €157,159 | €175,002 | +€17,842 | +11.4% |
| Stocks and contracts in progress | 3 | €7,894 | €0 | -€7,894 | -100.0% |
| Stocks | 30/36 | €7,894 | €0 | -€7,894 | -100.0% |
| Amounts receivable within one year | 40/41 | €331,082 | €416,196 | +€85,114 | +25.7% |
| Trade receivables | 40 | €24,523 | €0 | -€24,523 | -100.0% |
| Other amounts receivable | 41 | €306,560 | €416,196 | +€109,636 | +35.8% |
| Cash at bank and in hand | 54/58 | €13,292 | €4,363 | -€8,929 | -67.2% |
| Deferred charges and accrued income | 490/1 | €2,534 | €2,359 | -€175 | -6.9% |
| Total equity and liabilities | 10/49 | €596,539 | €650,919 | +€54,380 | +9.1% |
| Equity | 10/15 | €553,370 | €589,941 | +€36,570 | +6.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €443,370 | €479,941 | +€36,570 | +8.2% |
| Amounts payable | 17/49 | €43,168 | €60,978 | +€17,810 | +41.3% |
| Amounts payable after more than one year | 17 | €8,574 | €0 | -€8,574 | -100.0% |
| Financial debts | 170/4 | €8,574 | €0 | -€8,574 | -100.0% |
| Amounts payable within one year | 42/48 | €34,594 | €60,978 | +€26,384 | +76.3% |
| Current portion of amounts payable after more than one year | 42 | €6,370 | €7,176 | +€805 | +12.6% |
| Trade debts | 44 | €19,233 | €15,827 | -€3,406 | -17.7% |
| Suppliers | 440/4 | €19,233 | €15,827 | -€3,406 | -17.7% |
| Taxes, remuneration and social security | 45 | €8,991 | €37,975 | +€28,985 | +322.4% |
| Taxes | 450/3 | €4,691 | €33,455 | +€28,764 | +613.2% |
| Remuneration and social security | 454/9 | €4,300 | €4,520 | +€221 | +5.1% |
| Non-recurring operating income | 76A | €0 | €30,767 | +€30,767 | |
| Remuneration, social security and pensions | 62 | €32,133 | €33,503 | +€1,371 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,497 | €6,355 | -€8,142 | -56.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,894 | +€7,894 | |
| Other operating charges | 640/8 | €3,579 | €6,289 | +€2,711 | +75.7% |
| Non-recurring operating charges | 66A | €2,456 | €17,990 | +€15,534 | +632.4% |
| Gross operating margin | 9900 | €55,229 | €117,438 | +€62,209 | +112.6% |
| Operating profit (loss) | 9901 | €2,564 | €45,406 | +€42,842 | +1670.9% |
| Financial income | 75/76B | €10,331 | €8,254 | -€2,077 | -20.1% |
| Recurring financial income | 75 | €10,331 | €8,254 | -€2,077 | -20.1% |
| Financial charges | 65/66B | €846 | €3,942 | +€3,096 | +365.9% |
| Recurring financial charges | 65 | €846 | €3,942 | +€3,096 | +365.9% |
| Profit (loss) for the period before taxes | 9903 | €12,049 | €49,718 | +€37,669 | +312.6% |
| Income taxes | 67/77 | €2,064 | €13,148 | +€11,084 | +537.1% |
| Profit (loss) for the period | 9904 | €9,985 | €36,570 | +€26,585 | +266.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,985 | €36,570 | +€26,585 | +266.2% |
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 7 October 2026 via checked.be.