AGREBA: 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.
AGREBA
Largest movements
- Receivables within one year -€28,855
down €28,855 (-17.1%), from €168,846 to €139,991
of which Trade receivables: -€29,226
- Tangible fixed assets +€23,961
up €23,961 (+4.9%), from €485,326 to €509,286
of which Furniture and vehicles: +€52,882
- Deferred charges and accrued income -€13,161
down €13,161 (-78.4%), from €16,780 to €3,620
- Trade debts -€102,836
down €102,836 (-83.8%), from €122,692 to €19,855
- Reserves +€77,146
up €77,146 (+37.5%), from €205,758 to €282,904
- Debts after one year +€22,414
up €22,414 (+8.7%), from €258,583 to €280,996
- Tax, wage and social debts -€20,852
down €20,852 (-44.9%), from €46,483 to €25,631
of which Taxes: -€14,157
- Other debts -€14,583
down €14,583 (-56.8%), from €25,661 to €11,078
- Gross operating margin +€65,785
up €65,785 (+18.0%), from €365,957 to €431,741
- Staff costs +€59,679
up €59,679 (+38.5%), from €154,876 to €214,555
- Other operating charges -€35,979
down €35,979 (-80.3%), from €44,795 to €8,816
- Taxes +€11,477
up €11,477 (+70.1%), from €16,376 to €27,852
- Financial charges +€10,580
up €10,580 (+153%), from €6,932 to €17,512
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 | €711,944 | €687,410 | -€24,533 | -3.4% |
| Fixed assets | 21/28 | €485,446 | €509,406 | +€23,961 | +4.9% |
| Tangible fixed assets | 22/27 | €485,326 | €509,286 | +€23,961 | +4.9% |
| Land and buildings | 22 | €327,195 | €317,790 | -€9,405 | -2.9% |
| Plant, machinery and equipment | 23 | €77,465 | €58,683 | -€18,782 | -24.2% |
| Furniture and vehicles | 24 | €77,727 | €130,609 | +€52,882 | +68.0% |
| Other tangible fixed assets | 26 | €2,939 | €2,204 | -€735 | -25.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €226,498 | €178,004 | -€48,494 | -21.4% |
| Amounts receivable within one year | 40/41 | €168,846 | €139,991 | -€28,855 | -17.1% |
| Trade receivables | 40 | €145,662 | €116,436 | -€29,226 | -20.1% |
| Other amounts receivable | 41 | €23,184 | €23,555 | +€371 | +1.6% |
| Cash at bank and in hand | 54/58 | €40,872 | €34,393 | -€6,478 | -15.9% |
| Deferred charges and accrued income | 490/1 | €16,780 | €3,620 | -€13,161 | -78.4% |
| Total equity and liabilities | 10/49 | €711,944 | €687,410 | -€24,533 | -3.4% |
| Equity | 10/15 | €210,758 | €287,904 | +€77,146 | +36.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €205,758 | €282,904 | +€77,146 | +37.5% |
| Distributable reserves | 133 | €205,758 | €282,904 | +€77,146 | +37.5% |
| Amounts payable | 17/49 | €501,185 | €399,506 | -€101,679 | -20.3% |
| Amounts payable after more than one year | 17 | €258,583 | €280,996 | +€22,414 | +8.7% |
| Financial debts | 170/4 | €258,583 | €280,996 | +€22,414 | +8.7% |
| Amounts payable within one year | 42/48 | €242,603 | €115,870 | -€126,733 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €41,007 | €52,565 | +€11,558 | +28.2% |
| Financial debts | 43 | €6,760 | €6,740 | -€20 | -0.3% |
| Credit institutions | 430/8 | €6,760 | €6,740 | -€20 | -0.3% |
| Trade debts | 44 | €122,692 | €19,855 | -€102,836 | -83.8% |
| Suppliers | 440/4 | €122,692 | €19,855 | -€102,836 | -83.8% |
| Taxes, remuneration and social security | 45 | €46,483 | €25,631 | -€20,852 | -44.9% |
| Taxes | 450/3 | €32,221 | €18,064 | -€14,157 | -43.9% |
| Remuneration and social security | 454/9 | €14,263 | €7,567 | -€6,695 | -46.9% |
| Other amounts payable | 47/48 | €25,661 | €11,078 | -€14,583 | -56.8% |
| Accrued charges and deferred income | 492/3 | - | €2,640 | +€2,640 | |
| Remuneration, social security and pensions | 62 | €154,876 | €214,555 | +€59,679 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,379 | €84,777 | +€5,398 | +6.8% |
| Other operating charges | 640/8 | €44,795 | €8,816 | -€35,979 | -80.3% |
| Non-recurring operating charges | 66A | - | €3,430 | +€3,430 | |
| Gross operating margin | 9900 | €365,957 | €431,741 | +€65,785 | +18.0% |
| Operating profit (loss) | 9901 | €86,907 | €120,163 | +€33,256 | +38.3% |
| Financial income | 75/76B | €300 | €2,347 | +€2,047 | +683% |
| Recurring financial income | 75 | €300 | €2,347 | +€2,047 | +683% |
| Financial charges | 65/66B | €6,932 | €17,512 | +€10,580 | +153% |
| Recurring financial charges | 65 | €6,932 | €17,512 | +€10,580 | +153% |
| Profit (loss) for the period before taxes | 9903 | €80,275 | €104,998 | +€24,723 | +30.8% |
| Income taxes | 67/77 | €16,376 | €27,852 | +€11,477 | +70.1% |
| Profit (loss) for the period | 9904 | €63,899 | €77,146 | +€13,247 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,899 | €77,146 | +€13,247 | +20.7% |
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 19 October 2026 via checked.be.