AGRANDI: 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.
AGRANDI
Largest movements
- Current investments +€50,000
up €50,000 (+177%), from €28,196 to €78,196
- Reserves +€85,005
up €85,005 (+74.9%), from €113,533 to €198,538
- Debts after one year -€38,331
down €38,331 (-11.6%), from €329,898 to €291,567
- Other debts -€7,120
down €7,120 (-78.7%), from €9,045 to €1,925
- Tax, wage and social debts +€5,946
up €5,946 (+61.0%), from €9,753 to €15,699
- Gross operating margin +€49,043
up €49,043 (+45.6%), from €107,526 to €156,568
- Taxes +€11,590
up €11,590 (+85.7%), from €13,523 to €25,113
- Depreciation +€3,021
up €3,021 (+10.9%), from €27,630 to €30,652
- Other operating charges -€2,036
down €2,036 (-48.9%), from €4,161 to €2,125
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 | €520,084 | €566,128 | +€46,044 | +8.9% |
| Fixed assets | 21/28 | €410,144 | €407,821 | -€2,323 | -0.6% |
| Tangible fixed assets | 22/27 | €410,144 | €407,821 | -€2,323 | -0.6% |
| Land and buildings | 22 | €354,665 | €364,449 | +€9,785 | +2.8% |
| Plant, machinery and equipment | 23 | €291 | €47 | -€243 | -83.7% |
| Furniture and vehicles | 24 | €55,189 | €43,325 | -€11,864 | -21.5% |
| Current assets | 29/58 | €109,940 | €158,307 | +€48,367 | +44.0% |
| Current investments | 50/53 | €28,196 | €78,196 | +€50,000 | +177% |
| Cash at bank and in hand | 54/58 | €79,720 | €78,907 | -€813 | -1.0% |
| Deferred charges and accrued income | 490/1 | €2,023 | €1,203 | -€820 | -40.5% |
| Total equity and liabilities | 10/49 | €520,084 | €566,128 | +€46,044 | +8.9% |
| Equity | 10/15 | €133,533 | €218,538 | +€85,005 | +63.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €113,533 | €198,538 | +€85,005 | +74.9% |
| Distributable reserves | 133 | €113,533 | €198,538 | +€85,005 | +74.9% |
| Amounts payable | 17/49 | €386,551 | €347,590 | -€38,961 | -10.1% |
| Amounts payable after more than one year | 17 | €329,898 | €291,567 | -€38,331 | -11.6% |
| Financial debts | 170/4 | €329,898 | €291,567 | -€38,331 | -11.6% |
| Amounts payable within one year | 42/48 | €56,653 | €56,023 | -€630 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €36,835 | €38,331 | +€1,496 | +4.1% |
| Trade debts | 44 | €1,020 | €68 | -€952 | -93.4% |
| Suppliers | 440/4 | €1,020 | €68 | -€952 | -93.4% |
| Taxes, remuneration and social security | 45 | €9,753 | €15,699 | +€5,946 | +61.0% |
| Taxes | 450/3 | €9,753 | €15,699 | +€5,946 | +61.0% |
| Other amounts payable | 47/48 | €9,045 | €1,925 | -€7,120 | -78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,630 | €30,652 | +€3,021 | +10.9% |
| Other operating charges | 640/8 | €4,161 | €2,125 | -€2,036 | -48.9% |
| Gross operating margin | 9900 | €107,526 | €156,568 | +€49,043 | +45.6% |
| Operating profit (loss) | 9901 | €75,734 | €123,791 | +€48,057 | +63.5% |
| Financial income | 75/76B | €191 | €264 | +€73 | +38.0% |
| Recurring financial income | 75 | €191 | €264 | +€73 | +38.0% |
| Financial charges | 65/66B | €15,136 | €13,937 | -€1,199 | -7.9% |
| Recurring financial charges | 65 | €15,136 | €13,937 | -€1,199 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €60,790 | €110,118 | +€49,329 | +81.1% |
| Income taxes | 67/77 | €13,523 | €25,113 | +€11,590 | +85.7% |
| Profit (loss) for the period | 9904 | €47,266 | €85,005 | +€37,739 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,266 | €85,005 | +€37,739 | +79.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.