AGUIRADA: 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.
AGUIRADA
Largest movements
- Cash -€15,526
down €15,526 (-40.9%), from €37,966 to €22,440
mainly Trade debts (-€42,161) and Contributions, distributions and other (-€19,500)
- Receivables within one year -€6,201
down €6,201 (-7.9%), from €78,854 to €72,653
of which Other amounts receivable: -€17,181
- Tangible fixed assets -€4,641
down €4,641 (-29.5%), from €15,743 to €11,102
of which Other tangible fixed assets: -€3,420
- Trade debts -€42,161
down €42,161 (-90.3%), from €46,701 to €4,539
- Other debts +€17,782
up €17,782 (+1,035%), from €1,718 to €19,500
- Reserves +€7,893
up €7,893 (+19.3%), from €40,988 to €48,881
- Current portion of long-term debt -€5,288
no longer reported in 2025 (was €5,288)
- Tax, wage and social debts -€4,696
down €4,696 (-22.7%), from €20,729 to €16,033
of which Taxes: -€7,454
- Gross operating margin +€16,544
up €16,544 (+31.2%), from €53,083 to €69,627
- Taxes +€6,576
up €6,576 (+162%), from €4,065 to €10,642
- Other operating charges -€2,265
down €2,265 (-33.9%), from €6,677 to €4,412
- Financial income +€1,496
up €1,496 (+60.2%), from €2,485 to €3,981
- Staff costs -€1,318
down €1,318 (-5.0%), from €26,457 to €25,139
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 | €134,089 | €107,620 | -€26,470 | -19.7% |
| Fixed assets | 21/28 | €16,570 | €11,929 | -€4,641 | -28.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €15,743 | €11,102 | -€4,641 | -29.5% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €2,538 | €1,638 | -€900 | -35.5% |
| Furniture and vehicles | 24 | €321 | €0 | -€321 | -100% |
| Other tangible fixed assets | 26 | €12,884 | €9,464 | -€3,420 | -26.5% |
| Financial fixed assets | 28 | €828 | €828 | = | 0.0% |
| Current assets | 29/58 | €117,519 | €95,691 | -€21,828 | -18.6% |
| Stocks and contracts in progress | 3 | €78 | - | -€78 | |
| Stocks | 30/36 | €78 | - | -€78 | |
| Amounts receivable within one year | 40/41 | €78,854 | €72,653 | -€6,201 | -7.9% |
| Trade receivables | 40 | €242 | €11,222 | +€10,981 | +4,547% |
| Other amounts receivable | 41 | €78,612 | €61,431 | -€17,181 | -21.9% |
| Cash at bank and in hand | 54/58 | €37,966 | €22,440 | -€15,526 | -40.9% |
| Deferred charges and accrued income | 490/1 | €621 | €597 | -€23 | -3.8% |
| Total equity and liabilities | 10/49 | €134,089 | €107,620 | -€26,470 | -19.7% |
| Equity | 10/15 | €59,588 | €67,481 | +€7,893 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,988 | €48,881 | +€7,893 | +19.3% |
| Distributable reserves | 133 | €40,988 | €48,881 | +€7,893 | +19.3% |
| Amounts payable | 17/49 | €74,501 | €40,139 | -€34,362 | -46.1% |
| Amounts payable within one year | 42/48 | €74,436 | €40,072 | -€34,364 | -46.2% |
| Current portion of amounts payable after more than one year | 42 | €5,288 | - | -€5,288 | |
| Trade debts | 44 | €46,701 | €4,539 | -€42,161 | -90.3% |
| Suppliers | 440/4 | €46,701 | €4,539 | -€42,161 | -90.3% |
| Taxes, remuneration and social security | 45 | €20,729 | €16,033 | -€4,696 | -22.7% |
| Taxes | 450/3 | €18,194 | €10,740 | -€7,454 | -41.0% |
| Remuneration and social security | 454/9 | €2,535 | €5,293 | +€2,758 | +109% |
| Other amounts payable | 47/48 | €1,718 | €19,500 | +€17,782 | +1,035% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | €29,683 | - | -€29,683 | |
| Remuneration, social security and pensions | 62 | €26,457 | €25,139 | -€1,318 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,351 | €4,641 | +€291 | +6.7% |
| Other operating charges | 640/8 | €6,677 | €4,412 | -€2,265 | -33.9% |
| Gross operating margin | 9900 | €53,083 | €69,627 | +€16,544 | +31.2% |
| Operating profit (loss) | 9901 | €15,598 | €35,434 | +€19,836 | +127% |
| Financial income | 75/76B | €2,485 | €3,981 | +€1,496 | +60.2% |
| Recurring financial income | 75 | €2,485 | €3,981 | +€1,496 | +60.2% |
| Financial charges | 65/66B | €1,545 | €1,381 | -€164 | -10.6% |
| Recurring financial charges | 65 | €1,545 | €1,381 | -€164 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €16,538 | €38,034 | +€21,496 | +130% |
| Income taxes | 67/77 | €4,065 | €10,642 | +€6,576 | +162% |
| Profit (loss) for the period | 9904 | €12,473 | €27,393 | +€14,920 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €12,473 | €27,393 | +€14,920 | +120% |
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 14 October 2026 via checked.be.