AG-KINE: 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.
AG-KINE
Largest movements
- Receivables within one year +€99,318
up €99,318 (+1,273%), from €7,800 to €107,118
of which Other amounts receivable: +€84,897
- Reserves +€77,641
up €77,641 (+34.8%), from €223,000 to €300,641
- Tax, wage and social debts +€8,425
up €8,425 (+12.1%), from €69,500 to €77,925
- Trade debts +€8,389
up €8,389 (+997%), from €842 to €9,230
- Gross operating margin -€29,769
down €29,769 (-24.0%), from €124,230 to €94,461
- Financial income +€19,535
up €19,535 (+250%), from €7,800 to €27,335
- Depreciation +€4,033
up €4,033 (+1,100%), from €367 to €4,400
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 | €304,049 | €396,972 | +€92,924 | +30.6% |
| Fixed assets | 21/28 | €8,217 | €3,817 | -€4,400 | -53.5% |
| Intangible fixed assets | 21 | €3,625 | €2,125 | -€1,500 | -41.4% |
| Tangible fixed assets | 22/27 | €4,592 | €1,692 | -€2,900 | -63.2% |
| Furniture and vehicles | 24 | €4,592 | €1,692 | -€2,900 | -63.2% |
| Current assets | 29/58 | €295,832 | €393,156 | +€97,324 | +32.9% |
| Amounts receivable after more than one year | 29 | €285,000 | €285,000 | = | 0.0% |
| Other amounts receivable | 291 | €285,000 | €285,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,800 | €107,118 | +€99,318 | +1,273% |
| Trade receivables | 40 | - | €14,421 | +€14,421 | |
| Other amounts receivable | 41 | €7,800 | €92,697 | +€84,897 | +1,088% |
| Cash at bank and in hand | 54/58 | €3,032 | €1,038 | -€1,994 | -65.8% |
| Total equity and liabilities | 10/49 | €304,049 | €396,972 | +€92,924 | +30.6% |
| Equity | 10/15 | €232,176 | €309,817 | +€77,641 | +33.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €223,000 | €300,641 | +€77,641 | +34.8% |
| Distributable reserves | 133 | €223,000 | €300,641 | +€77,641 | +34.8% |
| Profit (loss) carried forward | 14 | €4,176 | €4,176 | = | 0.0% |
| Amounts payable | 17/49 | €71,873 | €87,155 | +€15,282 | +21.3% |
| Amounts payable within one year | 42/48 | €71,873 | €87,155 | +€15,282 | +21.3% |
| Trade debts | 44 | €842 | €9,230 | +€8,389 | +997% |
| Suppliers | 440/4 | €842 | €9,230 | +€8,389 | +997% |
| Taxes, remuneration and social security | 45 | €69,500 | €77,925 | +€8,425 | +12.1% |
| Taxes | 450/3 | €69,500 | €77,925 | +€8,425 | +12.1% |
| Other amounts payable | 47/48 | €1,531 | - | -€1,531 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367 | €4,400 | +€4,033 | +1,100% |
| Other operating charges | 640/8 | €241 | - | -€241 | |
| Gross operating margin | 9900 | €124,230 | €94,461 | -€29,769 | -24.0% |
| Operating profit (loss) | 9901 | €123,623 | €90,061 | -€33,561 | -27.1% |
| Financial income | 75/76B | €7,800 | €27,335 | +€19,535 | +250% |
| Recurring financial income | 75 | €7,800 | €27,335 | +€19,535 | +250% |
| Financial charges | 65/66B | €864 | €152 | -€712 | -82.4% |
| Recurring financial charges | 65 | €864 | €152 | -€712 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €130,558 | €117,244 | -€13,315 | -10.2% |
| Income taxes | 67/77 | €40,112 | €39,603 | -€510 | -1.3% |
| Profit (loss) for the period | 9904 | €90,446 | €77,641 | -€12,805 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,446 | €77,641 | -€12,805 | -14.2% |
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 18 October 2026 via checked.be.