AG.E.NS: what changed
Two fiscal 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.
AG.E.NS
Largest movements
- Tangible fixed assets -€21,263
down €21,263 (-12.0%), from €177,240 to €155,976
of which Land and buildings: -€25,908
- Cash +€11,152
up €11,152 (+70.7%), from €15,778 to €26,930
mainly Depreciation (+€27,556) and Net result for the year (+€5,070)
- Receivables within one year +€7,560
up €7,560 (+72.1%), from €10,478 to €18,038
of which Trade receivables: +€9,371
- Deferred charges and accrued income -€2,479
down €2,479 (-65.9%), from €3,765 to €1,286
- Other debts -€10,561
down €10,561 (-12.6%), from €83,850 to €73,289
- Reserves +€5,070
up €5,070 (+8.7%), from €58,181 to €63,251
of which Distributable reserves: +€5,070
- Gross operating margin +€1,199
up €1,199 (+2.6%), from €45,482 to €46,681
- Other operating charges -€1,075
down €1,075 (-29.0%), from €3,714 to €2,638
- Depreciation -€683
down €683 (-2.4%), from €28,239 to €27,556
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 | €207,511 | €202,481 | -€5,030 | -2.4% |
| Fixed assets | 21/28 | €177,490 | €156,226 | -€21,263 | -12.0% |
| Tangible fixed assets | 22/27 | €177,240 | €155,976 | -€21,263 | -12.0% |
| Land and buildings | 22 | €175,072 | €149,164 | -€25,908 | -14.8% |
| Furniture and vehicles | 24 | €2,168 | €6,812 | +€4,644 | +214.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €30,021 | €46,254 | +€16,233 | +54.1% |
| Amounts receivable within one year | 40/41 | €10,478 | €18,038 | +€7,560 | +72.1% |
| Trade receivables | 40 | €8,667 | €18,038 | +€9,371 | +108.1% |
| Other amounts receivable | 41 | €1,811 | €0 | -€1,811 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,778 | €26,930 | +€11,152 | +70.7% |
| Deferred charges and accrued income | 490/1 | €3,765 | €1,286 | -€2,479 | -65.9% |
| Total equity and liabilities | 10/49 | €207,511 | €202,481 | -€5,030 | -2.4% |
| Equity | 10/15 | €118,829 | €123,066 | +€4,237 | +3.6% |
| Contributions | 10/11 | €10,522 | €10,522 | = | 0.0% |
| Reserves | 13 | €58,181 | €63,251 | +€5,070 | +8.7% |
| Tax-exempt reserves | 132 | €26,945 | €26,945 | = | 0.0% |
| Distributable reserves | 133 | €31,236 | €36,306 | +€5,070 | +16.2% |
| Profit (loss) carried forward | 14 | €50,125 | €49,293 | -€833 | -1.7% |
| Amounts payable | 17/49 | €88,683 | €79,415 | -€9,268 | -10.5% |
| Amounts payable within one year | 42/48 | €88,683 | €79,415 | -€9,268 | -10.5% |
| Trade debts | 44 | €597 | €1,674 | +€1,077 | +180.4% |
| Suppliers | 440/4 | €597 | €1,674 | +€1,077 | +180.4% |
| Taxes, remuneration and social security | 45 | €4,236 | €4,452 | +€216 | +5.1% |
| Taxes | 450/3 | €4,236 | €4,452 | +€216 | +5.1% |
| Other amounts payable | 47/48 | €83,850 | €73,289 | -€10,561 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,239 | €27,556 | -€683 | -2.4% |
| Other operating charges | 640/8 | €3,714 | €2,638 | -€1,075 | -29.0% |
| Gross operating margin | 9900 | €45,482 | €46,681 | +€1,199 | +2.6% |
| Operating profit (loss) | 9901 | €13,529 | €16,487 | +€2,957 | +21.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €7,692 | €7,805 | +€112 | +1.5% |
| Recurring financial charges | 65 | €7,692 | €7,805 | +€112 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €5,838 | €8,682 | +€2,844 | +48.7% |
| Income taxes | 67/77 | €3,189 | €3,612 | +€423 | +13.3% |
| Profit (loss) for the period | 9904 | €2,650 | €5,070 | +€2,421 | +91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,650 | €5,070 | +€2,421 | +91.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.