AGA MANAGEMENT: 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.
AGA MANAGEMENT
Largest movements
- Tangible fixed assets -€184,574
down €184,574 (-36.9%), from €500,861 to €316,287
of which Land and buildings: -€197,177
- Deferred charges and accrued income +€115,105
up €115,105 (+5,191%), from €2,217 to €117,322
- Receivables after one year -€56,001
down €56,001 (-100%), from €56,001 to €0
- Reserves +€276,614
up €276,614 (+36.0%), from €767,647 to €1.0m
of which Distributable reserves: +€276,614
- Debts after one year -€276,605
down €276,605 (-40.8%), from €677,363 to €400,758
- Other debts -€103,677
down €103,677 (-48.9%), from €211,816 to €108,139
- Short-term financial debts -€37,654
down €37,654 (-100%), from €37,654 to €0
- Trade debts +€20,180
up €20,180 (+359%), from €5,615 to €25,794
- Gross operating margin +€194,206
up €194,206 (+94.5%), from €205,464 to €399,670
- Financial income +€69,988
up €69,988 (+195%), from €35,970 to €105,958
- Taxes +€51,360
up €51,360 (+119%), from €43,326 to €94,685
- Depreciation -€6,880
down €6,880 (-28.1%), from €24,491 to €17,611
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 | €1,885,306 | €1,766,706 | -€118,600 | -6.3% |
| Fixed assets | 21/28 | €1,204,861 | €1,020,287 | -€184,574 | -15.3% |
| Tangible fixed assets | 22/27 | €500,861 | €316,287 | -€184,574 | -36.9% |
| Land and buildings | 22 | €500,861 | €303,683 | -€197,177 | -39.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | - | €12,604 | +€12,604 | |
| Financial fixed assets | 28 | €704,000 | €704,000 | = | 0.0% |
| Current assets | 29/58 | €680,445 | €746,419 | +€65,974 | +9.7% |
| Amounts receivable after more than one year | 29 | €56,001 | €0 | -€56,001 | -100% |
| Other amounts receivable | 291 | €56,001 | €0 | -€56,001 | -100% |
| Amounts receivable within one year | 40/41 | €608,542 | €624,097 | +€15,554 | +2.6% |
| Trade receivables | 40 | €56,776 | €68,164 | +€11,388 | +20.1% |
| Other amounts receivable | 41 | €551,766 | €555,933 | +€4,167 | +0.8% |
| Cash at bank and in hand | 54/58 | €13,685 | €5,000 | -€8,685 | -63.5% |
| Deferred charges and accrued income | 490/1 | €2,217 | €117,322 | +€115,105 | +5,191% |
| Total equity and liabilities | 10/49 | €1,885,306 | €1,766,706 | -€118,600 | -6.3% |
| Equity | 10/15 | €786,197 | €1,062,811 | +€276,614 | +35.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €767,647 | €1,044,261 | +€276,614 | +36.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €767,647 | €1,044,261 | +€276,614 | +36.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,099,109 | €703,895 | -€395,214 | -36.0% |
| Amounts payable after more than one year | 17 | €677,363 | €400,758 | -€276,605 | -40.8% |
| Financial debts | 170/4 | €677,363 | €400,758 | -€276,605 | -40.8% |
| Amounts payable within one year | 42/48 | €419,117 | €302,046 | -€117,070 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €159,877 | €148,891 | -€10,986 | -6.9% |
| Financial debts | 43 | €37,654 | €0 | -€37,654 | -100% |
| Credit institutions | 430/8 | €37,654 | €0 | -€37,654 | -100% |
| Trade debts | 44 | €5,615 | €25,794 | +€20,180 | +359% |
| Suppliers | 440/4 | €5,615 | €25,794 | +€20,180 | +359% |
| Taxes, remuneration and social security | 45 | €4,155 | €19,222 | +€15,067 | +363% |
| Taxes | 450/3 | €4,155 | €19,222 | +€15,067 | +363% |
| Other amounts payable | 47/48 | €211,816 | €108,139 | -€103,677 | -48.9% |
| Accrued charges and deferred income | 492/3 | €2,629 | €1,091 | -€1,539 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,491 | €17,611 | -€6,880 | -28.1% |
| Other operating charges | 640/8 | €1,417 | €1,262 | -€155 | -11.0% |
| Gross operating margin | 9900 | €205,464 | €399,670 | +€194,206 | +94.5% |
| Operating profit (loss) | 9901 | €179,556 | €380,797 | +€201,241 | +112% |
| Financial income | 75/76B | €35,970 | €105,958 | +€69,988 | +195% |
| Recurring financial income | 75 | €35,970 | €105,958 | +€69,988 | +195% |
| Financial charges | 65/66B | €19,262 | €15,456 | -€3,807 | -19.8% |
| Recurring financial charges | 65 | €19,262 | €15,456 | -€3,807 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €196,263 | €471,299 | +€275,036 | +140% |
| Income taxes | 67/77 | €43,326 | €94,685 | +€51,360 | +119% |
| Profit (loss) for the period | 9904 | €152,937 | €376,614 | +€223,676 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €152,937 | €376,614 | +€223,676 | +146% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.