Agdees: 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.
Agdees
Largest movements
- Cash +€47,896
up €47,896 (+260%), from €18,440 to €66,336
mainly Receivables within one year (+€20,187) and Depreciation (+€17,079)
- Receivables within one year -€20,187
down €20,187 (-78.7%), from €25,645 to €5,457
of which Trade receivables: -€19,322
- Tangible fixed assets -€15,385
down €15,385 (-50.6%), from €30,428 to €15,043
of which Furniture and vehicles: -€14,843
- Reserves +€12,994
up €12,994 (+23.4%), from €55,417 to €68,411
- Trade debts -€2,120
down €2,120 (-63.5%), from €3,340 to €1,220
- Tax, wage and social debts +€1,450
up €1,450 (+44.5%), from €3,256 to €4,706
of which Remuneration and social security: +€4,706
- Gross operating margin +€18,948
up €18,948 (+96.7%), from €19,599 to €38,547
- Depreciation +€8,746
up €8,746 (+105%), from €8,333 to €17,079
- Taxes +€3,352
up €3,352 (+77.6%), from €4,320 to €7,672
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 | €74,513 | €86,837 | +€12,324 | +16.5% |
| Fixed assets | 21/28 | €30,428 | €15,043 | -€15,385 | -50.6% |
| Tangible fixed assets | 22/27 | €30,428 | €15,043 | -€15,385 | -50.6% |
| Plant, machinery and equipment | 23 | €2,134 | €1,592 | -€542 | -25.4% |
| Furniture and vehicles | 24 | €28,295 | €13,452 | -€14,843 | -52.5% |
| Current assets | 29/58 | €44,085 | €71,794 | +€27,709 | +62.9% |
| Amounts receivable within one year | 40/41 | €25,645 | €5,457 | -€20,187 | -78.7% |
| Trade receivables | 40 | €23,832 | €4,510 | -€19,322 | -81.1% |
| Other amounts receivable | 41 | €1,813 | €947 | -€865 | -47.7% |
| Cash at bank and in hand | 54/58 | €18,440 | €66,336 | +€47,896 | +260% |
| Total equity and liabilities | 10/49 | €74,513 | €86,837 | +€12,324 | +16.5% |
| Equity | 10/15 | €67,917 | €80,911 | +€12,994 | +19.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €55,417 | €68,411 | +€12,994 | +23.4% |
| Distributable reserves | 133 | €55,417 | €68,411 | +€12,994 | +23.4% |
| Amounts payable | 17/49 | €6,596 | €5,927 | -€670 | -10.2% |
| Amounts payable within one year | 42/48 | €6,596 | €5,927 | -€670 | -10.2% |
| Trade debts | 44 | €3,340 | €1,220 | -€2,120 | -63.5% |
| Suppliers | 440/4 | €3,340 | €1,220 | -€2,120 | -63.5% |
| Taxes, remuneration and social security | 45 | €3,256 | €4,706 | +€1,450 | +44.5% |
| Taxes | 450/3 | €3,256 | - | -€3,256 | |
| Remuneration and social security | 454/9 | - | €4,706 | +€4,706 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,333 | €17,079 | +€8,746 | +105% |
| Other operating charges | 640/8 | €569 | €671 | +€102 | +17.9% |
| Gross operating margin | 9900 | €19,599 | €38,547 | +€18,948 | +96.7% |
| Operating profit (loss) | 9901 | €10,697 | €20,797 | +€10,100 | +94.4% |
| Financial charges | 65/66B | €117 | €131 | +€14 | +11.9% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €10,580 | €20,666 | +€10,086 | +95.3% |
| Income taxes | 67/77 | €4,320 | €7,672 | +€3,352 | +77.6% |
| Profit (loss) for the period | 9904 | €6,260 | €12,994 | +€6,734 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €6,260 | €12,994 | +€6,734 | +108% |
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 24 October 2026 via checked.be.