AGAMETAAL: 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.
AGAMETAAL
Largest movements
- Tangible fixed assets +€92,656
up €92,656 (+61.7%), from €150,184 to €242,840
of which Land and buildings: +€91,228
- Cash -€58,409
down €58,409 (-90.2%), from €64,752 to €6,343
mainly Investment in fixed assets (net) (-€100,825) and Receivables within one year (-€36,771)
- Receivables within one year +€36,771
up €36,771 (+63.4%), from €58,025 to €94,795
of which Trade receivables: +€46,900
- Stocks and contracts +€6,281
up €6,281 (+46.7%), from €13,443 to €19,724
- Reserves +€57,340
up €57,340 (+27.1%), from €211,668 to €269,008
- Trade debts +€21,584
up €21,584 (+496%), from €4,355 to €25,939
- Gross operating margin +€55,414
up €55,414 (+91.5%), from €60,558 to €115,972
- Taxes +€9,652
up €9,652 (+60.1%), from €16,048 to €25,701
- Financial income -€1,249
down €1,249 (-100%), from €1,249 to €0
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 | €288,280 | €365,671 | +€77,391 | +26.8% |
| Fixed assets | 21/28 | €150,184 | €242,840 | +€92,656 | +61.7% |
| Tangible fixed assets | 22/27 | €150,184 | €242,840 | +€92,656 | +61.7% |
| Land and buildings | 22 | €110,847 | €202,076 | +€91,228 | +82.3% |
| Plant, machinery and equipment | 23 | €6,590 | €5,250 | -€1,341 | -20.3% |
| Furniture and vehicles | 24 | €32,746 | €35,515 | +€2,769 | +8.5% |
| Current assets | 29/58 | €138,096 | €122,831 | -€15,266 | -11.1% |
| Stocks and contracts in progress | 3 | €13,443 | €19,724 | +€6,281 | +46.7% |
| Stocks | 30/36 | €13,443 | €19,724 | +€6,281 | +46.7% |
| Amounts receivable within one year | 40/41 | €58,025 | €94,795 | +€36,771 | +63.4% |
| Trade receivables | 40 | €45,282 | €92,183 | +€46,900 | +104% |
| Other amounts receivable | 41 | €12,742 | €2,613 | -€10,130 | -79.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €64,752 | €6,343 | -€58,409 | -90.2% |
| Deferred charges and accrued income | 490/1 | €1,876 | €1,968 | +€92 | +4.9% |
| Total equity and liabilities | 10/49 | €288,280 | €365,671 | +€77,391 | +26.8% |
| Equity | 10/15 | €267,445 | €324,784 | +€57,340 | +21.4% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €211,668 | €269,008 | +€57,340 | +27.1% |
| Distributable reserves | 133 | €211,668 | €269,008 | +€57,340 | +27.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,835 | €40,887 | +€20,051 | +96.2% |
| Amounts payable within one year | 42/48 | €20,770 | €40,820 | +€20,050 | +96.5% |
| Trade debts | 44 | €4,355 | €25,939 | +€21,584 | +496% |
| Suppliers | 440/4 | €4,355 | €25,939 | +€21,584 | +496% |
| Taxes, remuneration and social security | 45 | €9,299 | €8,116 | -€1,183 | -12.7% |
| Taxes | 450/3 | €9,299 | €8,116 | -€1,183 | -12.7% |
| Other amounts payable | 47/48 | €7,116 | €6,765 | -€351 | -4.9% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Remuneration, social security and pensions | 62 | €140 | €0 | -€140 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,448 | €8,169 | -€280 | -3.3% |
| Other operating charges | 640/8 | €2,952 | €2,947 | -€4 | -0.1% |
| Non-recurring operating charges | 66A | - | €19,507 | +€19,507 | |
| Gross operating margin | 9900 | €60,558 | €115,972 | +€55,414 | +91.5% |
| Operating profit (loss) | 9901 | €49,017 | €85,349 | +€36,332 | +74.1% |
| Financial income | 75/76B | €1,249 | €0 | -€1,249 | -100% |
| Recurring financial income | 75 | €1,249 | €0 | -€1,249 | -100% |
| Financial charges | 65/66B | €869 | €591 | -€278 | -32.0% |
| Recurring financial charges | 65 | €869 | €591 | -€278 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €49,397 | €84,758 | +€35,361 | +71.6% |
| Income taxes | 67/77 | €16,048 | €25,701 | +€9,652 | +60.1% |
| Profit (loss) for the period | 9904 | €33,349 | €59,058 | +€25,709 | +77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,349 | €59,058 | +€25,709 | +77.1% |
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.