AGREMAN: 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.
AGREMAN
Largest movements
- Cash +€10,045
up €10,045 (+9.9%), from €101,486 to €111,531
mainly Net result for the year (+€16,979) and Depreciation (+€2,069)
- Receivables within one year +€5,387
up €5,387 (+158%), from €3,417 to €8,803
of which Other amounts receivable: +€5,930
- Reserves +€16,979
up €16,979 (+19.7%), from €86,333 to €103,312
- Gross operating margin +€28,895
up €28,895, from -€6,433 to €22,462
- Taxes +€1,824
up €1,824 (+470%), from €388 to €2,211
- Depreciation +€259
up €259 (+14.3%), from €1,810 to €2,069
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 | €108,754 | €124,637 | +€15,884 | +14.6% |
| Fixed assets | 21/28 | €3,851 | €4,303 | +€452 | +11.7% |
| Tangible fixed assets | 22/27 | €3,851 | €4,303 | +€452 | +11.7% |
| Furniture and vehicles | 24 | €3,851 | €4,303 | +€452 | +11.7% |
| Current assets | 29/58 | €104,903 | €120,334 | +€15,431 | +14.7% |
| Amounts receivable within one year | 40/41 | €3,417 | €8,803 | +€5,387 | +158% |
| Trade receivables | 40 | €544 | - | -€544 | |
| Other amounts receivable | 41 | €2,873 | €8,803 | +€5,930 | +206% |
| Cash at bank and in hand | 54/58 | €101,486 | €111,531 | +€10,045 | +9.9% |
| Total equity and liabilities | 10/49 | €108,754 | €124,637 | +€15,884 | +14.6% |
| Equity | 10/15 | €104,933 | €121,912 | +€16,979 | +16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,333 | €103,312 | +€16,979 | +19.7% |
| Distributable reserves | 133 | €86,333 | €103,312 | +€16,979 | +19.7% |
| Amounts payable | 17/49 | €3,821 | €2,726 | -€1,095 | -28.7% |
| Amounts payable within one year | 42/48 | €3,451 | €2,356 | -€1,095 | -31.7% |
| Trade debts | 44 | €1,873 | €798 | -€1,075 | -57.4% |
| Suppliers | 440/4 | €1,873 | €798 | -€1,075 | -57.4% |
| Taxes, remuneration and social security | 45 | €1,578 | €1,558 | -€20 | -1.3% |
| Taxes | 450/3 | €314 | €291 | -€23 | -7.4% |
| Remuneration and social security | 454/9 | €1,264 | €1,267 | +€3 | +0.3% |
| Accrued charges and deferred income | 492/3 | €370 | €370 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,810 | €2,069 | +€259 | +14.3% |
| Other operating charges | 640/8 | €1,112 | €1,146 | +€34 | +3.1% |
| Gross operating margin | 9900 | -€6,433 | €22,462 | +€28,895 | |
| Operating profit (loss) | 9901 | -€9,355 | €19,247 | +€28,602 | |
| Financial charges | 65/66B | €54 | €56 | +€2 | +4.0% |
| Recurring financial charges | 65 | €54 | €56 | +€2 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,409 | €19,190 | +€28,599 | |
| Income taxes | 67/77 | €388 | €2,211 | +€1,824 | +470% |
| Profit (loss) for the period | 9904 | -€9,797 | €16,979 | +€26,776 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,797 | €16,979 | +€26,776 |
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 25 October 2026 via checked.be.