AGREBO: 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.
AGREBO
Largest movements
- Current investments +€78,300
up €78,300 (+11.5%), from €678,247 to €756,547
- Cash -€40,479
down €40,479 (-57.7%), from €70,174 to €29,694
mainly Current investments (-€78,300) and Provisions (-€8,501)
- Tangible fixed assets -€21,042
down €21,042 (-9.6%), from €220,269 to €199,226
of which Land and buildings: -€19,897
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,281
up €1,281 (+2.7%), from €46,800 to €48,081
- Financial income +€899
up €899 (+67.9%), from €1,325 to €2,225
- Taxes +€609
up €609 (+4.8%), from €12,564 to €13,173
- Other operating charges +€560
up €560 (+4.5%), from €12,376 to €12,936
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 | €1,315,599 | €1,326,048 | +€10,449 | +0.8% |
| Fixed assets | 21/28 | €220,269 | €199,226 | -€21,042 | -9.6% |
| Tangible fixed assets | 22/27 | €220,269 | €199,226 | -€21,042 | -9.6% |
| Land and buildings | 22 | €217,771 | €197,874 | -€19,897 | -9.1% |
| Plant, machinery and equipment | 23 | €1,876 | €938 | -€938 | -50.0% |
| Furniture and vehicles | 24 | €623 | €415 | -€208 | -33.3% |
| Current assets | 29/58 | €1,095,330 | €1,126,822 | +€31,492 | +2.9% |
| Amounts receivable after more than one year | 29 | €333,760 | €333,760 | = | 0.0% |
| Other amounts receivable | 291 | €333,760 | €333,760 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,318 | €3,962 | -€6,356 | -61.6% |
| Trade receivables | 40 | €2,242 | €3,962 | +€1,720 | +76.7% |
| Other amounts receivable | 41 | €8,076 | €0 | -€8,076 | -100.0% |
| Current investments | 50/53 | €678,247 | €756,547 | +€78,300 | +11.5% |
| Cash at bank and in hand | 54/58 | €70,174 | €29,694 | -€40,479 | -57.7% |
| Deferred charges and accrued income | 490/1 | €2,831 | €2,858 | +€26 | +0.9% |
| Total equity and liabilities | 10/49 | €1,315,599 | €1,326,048 | +€10,449 | +0.8% |
| Equity | 10/15 | €1,252,039 | €1,263,553 | +€11,514 | +0.9% |
| Contributions | 10/11 | €164,281 | €164,281 | = | 0.0% |
| Reserves | 13 | €1,087,758 | €1,099,272 | +€11,514 | +1.1% |
| Non-distributable reserves | 130/1 | €500,000 | €500,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500,000 | €500,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,810 | €110,300 | -€16,510 | -13.0% |
| Distributable reserves | 133 | €460,948 | €488,972 | +€28,024 | +6.1% |
| Provisions and deferred taxes | 16 | €47,913 | €39,412 | -€8,501 | -17.7% |
| Deferred taxes | 168 | €47,913 | €39,412 | -€8,501 | -17.7% |
| Amounts payable | 17/49 | €15,646 | €23,083 | +€7,436 | +47.5% |
| Amounts payable within one year | 42/48 | €15,646 | €23,083 | +€7,436 | +47.5% |
| Trade debts | 44 | €0 | €3,733 | +€3,733 | |
| Suppliers | 440/4 | €0 | €3,733 | +€3,733 | |
| Advances received on contracts in progress | 46 | €3,196 | €3,146 | -€50 | -1.6% |
| Taxes, remuneration and social security | 45 | €2,628 | €9,576 | +€6,948 | +264.4% |
| Taxes | 450/3 | €2,628 | €9,576 | +€6,948 | +264.4% |
| Other amounts payable | 47/48 | €9,823 | €6,628 | -€3,194 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,349 | €21,042 | -€307 | -1.4% |
| Other operating charges | 640/8 | €12,376 | €12,936 | +€560 | +4.5% |
| Gross operating margin | 9900 | €46,800 | €48,081 | +€1,281 | +2.7% |
| Operating profit (loss) | 9901 | €13,075 | €14,103 | +€1,028 | +7.9% |
| Financial income | 75/76B | €1,325 | €2,225 | +€899 | +67.9% |
| Recurring financial income | 75 | €1,325 | €2,225 | +€899 | +67.9% |
| Financial charges | 65/66B | €335 | €141 | -€194 | -57.9% |
| Recurring financial charges | 65 | €335 | €141 | -€194 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €14,066 | €16,186 | +€2,121 | +15.1% |
| Transfer from deferred taxes | 780 | €8,501 | €8,501 | = | 0.0% |
| Income taxes | 67/77 | €12,564 | €13,173 | +€609 | +4.8% |
| Profit (loss) for the period | 9904 | €10,003 | €11,514 | +€1,511 | +15.1% |
| Transfer from tax-exempt reserves | 789 | €16,510 | €16,510 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,513 | €28,024 | +€1,511 | +5.7% |
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 11 October 2026 via checked.be.