AGREVAL-CLAVIER: 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.
AGREVAL-CLAVIER
Largest movements
- Cash +€96,870
up €96,870 (+40.5%), from €238,983 to €335,853
mainly Net result for the year (+€92,215) and Depreciation (+€35,037)
- Tangible fixed assets +€20,771
up €20,771 (+7.4%), from €280,630 to €301,401
of which Furniture and vehicles: +€30,237
- Reserves +€93,166
up €93,166 (+14.0%), from €666,059 to €759,226
of which Distributable reserves: +€93,166
- Tax, wage and social debts +€17,209
up €17,209 (+24.4%), from €70,397 to €87,606
of which Taxes: +€16,319
- Gross operating margin +€115,971
up €115,971 (+102%), from €113,757 to €229,728
- Taxes +€46,007
up €46,007 (+2,263%), from €2,033 to €48,040
- Staff costs -€33,220
down €33,220 (-40.4%), from €82,287 to €49,067
- Depreciation +€14,193
up €14,193 (+68.1%), from €20,844 to €35,037
- Other operating charges -€2,454
down €2,454 (-37.4%), from €6,565 to €4,111
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 | €825,364 | €930,259 | +€104,894 | +12.7% |
| Fixed assets | 21/28 | €291,860 | €312,632 | +€20,771 | +7.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €280,630 | €301,401 | +€20,771 | +7.4% |
| Land and buildings | 22 | €192,743 | €182,211 | -€10,531 | -5.5% |
| Plant, machinery and equipment | 23 | €6,344 | €7,409 | +€1,066 | +16.8% |
| Furniture and vehicles | 24 | €81,544 | €111,781 | +€30,237 | +37.1% |
| Financial fixed assets | 28 | €11,231 | €11,231 | = | 0.0% |
| Current assets | 29/58 | €533,504 | €617,627 | +€84,123 | +15.8% |
| Stocks and contracts in progress | 3 | €34,403 | €30,764 | -€3,640 | -10.6% |
| Stocks | 30/36 | €34,403 | €30,764 | -€3,640 | -10.6% |
| Amounts receivable within one year | 40/41 | €260,118 | €251,010 | -€9,108 | -3.5% |
| Trade receivables | 40 | €252,151 | €251,010 | -€1,140 | -0.5% |
| Other amounts receivable | 41 | €7,967 | - | -€7,967 | |
| Cash at bank and in hand | 54/58 | €238,983 | €335,853 | +€96,870 | +40.5% |
| Total equity and liabilities | 10/49 | €825,364 | €930,259 | +€104,894 | +12.7% |
| Equity | 10/15 | €729,011 | €821,226 | +€92,215 | +12.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €666,059 | €759,226 | +€93,166 | +14.0% |
| Non-distributable reserves | 130/1 | €14,967 | €14,967 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,767 | €8,767 | = | 0.0% |
| Distributable reserves | 133 | €651,092 | €744,259 | +€93,166 | +14.3% |
| Profit (loss) carried forward | 14 | €951 | - | -€951 | |
| Amounts payable | 17/49 | €96,354 | €109,033 | +€12,679 | +13.2% |
| Amounts payable within one year | 42/48 | €96,354 | €109,033 | +€12,679 | +13.2% |
| Trade debts | 44 | €22,797 | €19,740 | -€3,057 | -13.4% |
| Suppliers | 440/4 | €22,797 | €19,740 | -€3,057 | -13.4% |
| Taxes, remuneration and social security | 45 | €70,397 | €87,606 | +€17,209 | +24.4% |
| Taxes | 450/3 | €62,152 | €78,471 | +€16,319 | +26.3% |
| Remuneration and social security | 454/9 | €8,245 | €9,135 | +€890 | +10.8% |
| Other amounts payable | 47/48 | €3,160 | €1,687 | -€1,473 | -46.6% |
| Non-recurring operating income | 76A | €3,087 | - | -€3,087 | |
| Remuneration, social security and pensions | 62 | €82,287 | €49,067 | -€33,220 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,844 | €35,037 | +€14,193 | +68.1% |
| Other operating charges | 640/8 | €6,565 | €4,111 | -€2,454 | -37.4% |
| Gross operating margin | 9900 | €113,757 | €229,728 | +€115,971 | +102% |
| Operating profit (loss) | 9901 | €4,061 | €141,514 | +€137,453 | +3,385% |
| Financial income | 75/76B | €240 | €0 | -€240 | -99.8% |
| Recurring financial income | 75 | €240 | €0 | -€240 | -99.8% |
| Financial charges | 65/66B | €1,317 | €1,259 | -€58 | -4.4% |
| Recurring financial charges | 65 | €1,317 | €1,259 | -€58 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €2,984 | €140,255 | +€137,271 | +4,600% |
| Income taxes | 67/77 | €2,033 | €48,040 | +€46,007 | +2,263% |
| Profit (loss) for the period | 9904 | €951 | €92,215 | +€91,264 | +9,593% |
| Profit (loss) for the period to be appropriated | 9905 | €951 | €92,215 | +€91,264 | +9,593% |
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 17 October 2026 via checked.be.