AGRAMAR: 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.
AGRAMAR
Largest movements
- Cash -€723,850
down €723,850 (-89.1%), from €812,432 to €88,582
mainly Debts after one year (-€675,000) and Investment in fixed assets (net) (-€535,902)
- Tangible fixed assets +€338,863
up €338,863 (+8.4%), from €4.1m to €4.4m
of which Furniture and vehicles: +€270,506
- Deferred charges and accrued income -€124,864
down €124,864 (-93.2%), from €134,000 to €9,135
- Stocks and contracts -€120,000
down €120,000 (-100%), from €120,000 to €0
- Debts after one year -€675,000
down €675,000 (-57.4%), from €1.2m to €500,000
- Other debts +€289,731
up €289,731 (+8.0%), from €3.6m to €3.9m
- Current portion of long-term debt -€75,000
down €75,000 (-100%), from €75,000 to €0
- Reserves -€73,270
down €73,270 (-64.1%), from €114,314 to €41,044
- Trade debts -€63,841
down €63,841 (-45.1%), from €141,460 to €77,619
- Gross operating margin -€60,501
down €60,501 (-29.6%), from €204,407 to €143,905
- Depreciation +€19,633
up €19,633 (+11.0%), from €178,348 to €197,981
- Taxes -€10,155
down €10,155 (-96.3%), from €10,546 to €390
- Financial charges +€5,329
up €5,329 (+124%), from €4,289 to €9,617
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 | €5,594,554 | €4,971,100 | -€623,454 | -11.1% |
| Fixed assets | 21/28 | €4,069,436 | €4,407,357 | +€337,921 | +8.3% |
| Intangible fixed assets | 21 | €2,176 | €1,234 | -€942 | -43.3% |
| Tangible fixed assets | 22/27 | €4,057,809 | €4,396,672 | +€338,863 | +8.4% |
| Land and buildings | 22 | €3,467,335 | €3,470,361 | +€3,026 | +0.1% |
| Plant, machinery and equipment | 23 | €85,337 | €151,757 | +€66,420 | +77.8% |
| Furniture and vehicles | 24 | €496,075 | €766,580 | +€270,506 | +54.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €9,062 | €7,974 | -€1,088 | -12.0% |
| Financial fixed assets | 28 | €9,452 | €9,452 | = | 0.0% |
| Current assets | 29/58 | €1,525,118 | €563,742 | -€961,375 | -63.0% |
| Stocks and contracts in progress | 3 | €120,000 | €0 | -€120,000 | -100% |
| Stocks | 30/36 | €120,000 | €0 | -€120,000 | -100% |
| Amounts receivable within one year | 40/41 | €458,685 | €466,025 | +€7,339 | +1.6% |
| Trade receivables | 40 | €458,625 | €456,289 | -€2,336 | -0.5% |
| Other amounts receivable | 41 | €60 | €9,735 | +€9,675 | +16,013% |
| Cash at bank and in hand | 54/58 | €812,432 | €88,582 | -€723,850 | -89.1% |
| Deferred charges and accrued income | 490/1 | €134,000 | €9,135 | -€124,864 | -93.2% |
| Total equity and liabilities | 10/49 | €5,594,554 | €4,971,100 | -€623,454 | -11.1% |
| Equity | 10/15 | €514,314 | €441,044 | -€73,270 | -14.2% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €114,314 | €41,044 | -€73,270 | -64.1% |
| Distributable reserves | 133 | €114,314 | €41,044 | -€73,270 | -64.1% |
| Amounts payable | 17/49 | €5,080,240 | €4,530,056 | -€550,184 | -10.8% |
| Amounts payable after more than one year | 17 | €1,175,000 | €500,000 | -€675,000 | -57.4% |
| Financial debts | 170/4 | €1,175,000 | €500,000 | -€675,000 | -57.4% |
| Amounts payable within one year | 42/48 | €3,862,865 | €4,009,587 | +€146,721 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €0 | -€75,000 | -100% |
| Trade debts | 44 | €141,460 | €77,619 | -€63,841 | -45.1% |
| Suppliers | 440/4 | €141,460 | €77,619 | -€63,841 | -45.1% |
| Taxes, remuneration and social security | 45 | €10,398 | €6,229 | -€4,169 | -40.1% |
| Taxes | 450/3 | €10,398 | €6,229 | -€4,169 | -40.1% |
| Other amounts payable | 47/48 | €3,636,008 | €3,925,739 | +€289,731 | +8.0% |
| Accrued charges and deferred income | 492/3 | €42,375 | €20,469 | -€21,906 | -51.7% |
| Non-recurring operating income | 76A | €3,500 | €0 | -€3,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,348 | €197,981 | +€19,633 | +11.0% |
| Other operating charges | 640/8 | €9,272 | €9,610 | +€338 | +3.6% |
| Gross operating margin | 9900 | €204,407 | €143,905 | -€60,501 | -29.6% |
| Operating profit (loss) | 9901 | €16,787 | -€63,686 | -€80,472 | |
| Financial income | 75/76B | €519 | €424 | -€95 | -18.4% |
| Recurring financial income | 75 | €519 | €424 | -€95 | -18.4% |
| Financial charges | 65/66B | €4,289 | €9,617 | +€5,329 | +124% |
| Recurring financial charges | 65 | €4,289 | €9,617 | +€5,329 | +124% |
| Profit (loss) for the period before taxes | 9903 | €13,017 | -€72,879 | -€85,896 | |
| Income taxes | 67/77 | €10,546 | €390 | -€10,155 | -96.3% |
| Profit (loss) for the period | 9904 | €2,471 | -€73,270 | -€75,741 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,471 | -€73,270 | -€75,741 |
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 13 October 2026 via checked.be.