AGAV: 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.
AGAV
Largest movements
- Tangible fixed assets +€23,339
new in 2025: €23,339
- Receivables within one year +€6,621
up €6,621 (+40.0%), from €16,566 to €23,187
of which Trade receivables: +€6,600
- Cash +€3,814
up €3,814 (+96.3%), from €3,960 to €7,774
mainly Debts after one year (+€12,488) and Current portion of long-term debt (+€7,173)
- Debts after one year +€12,488
new in 2025: €12,488
- Current portion of long-term debt +€7,173
new in 2025: €7,173
- Trade debts +€6,947
up €6,947 (+401%), from €1,732 to €8,679
- Profit (loss) carried forward +€5,058
up €5,058 (+80.8%), from €6,257 to €11,316
- Other debts +€1,026
up €1,026 (+262%), from €392 to €1,418
- Financial charges +€1,487
up €1,487 (+241%), from €617 to €2,104
- Depreciation +€909
up €909 (+98.1%), from €926 to €1,835
- Other operating charges +€440
up €440 (+330%), from €133 to €574
- Taxes -€342
down €342 (-14.0%), from €2,438 to €2,097
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 | €22,470 | €56,565 | +€34,095 | +152% |
| Fixed assets | 21/28 | - | €23,339 | +€23,339 | |
| Tangible fixed assets | 22/27 | - | €23,339 | +€23,339 | |
| Furniture and vehicles | 24 | - | €23,339 | +€23,339 | |
| Current assets | 29/58 | €22,470 | €33,226 | +€10,756 | +47.9% |
| Amounts receivable within one year | 40/41 | €16,566 | €23,187 | +€6,621 | +40.0% |
| Trade receivables | 40 | €15,580 | €22,180 | +€6,600 | +42.4% |
| Other amounts receivable | 41 | €986 | €1,007 | +€21 | +2.1% |
| Cash at bank and in hand | 54/58 | €3,960 | €7,774 | +€3,814 | +96.3% |
| Deferred charges and accrued income | 490/1 | €1,943 | €2,264 | +€321 | +16.5% |
| Total equity and liabilities | 10/49 | €22,470 | €56,565 | +€34,095 | +152% |
| Equity | 10/15 | €9,257 | €14,316 | +€5,058 | +54.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,257 | €11,316 | +€5,058 | +80.8% |
| Amounts payable | 17/49 | €13,213 | €42,249 | +€29,036 | +220% |
| Amounts payable after more than one year | 17 | - | €12,488 | +€12,488 | |
| Financial debts | 170/4 | - | €12,488 | +€12,488 | |
| Amounts payable within one year | 42/48 | €13,213 | €29,161 | +€15,948 | +121% |
| Current portion of amounts payable after more than one year | 42 | - | €7,173 | +€7,173 | |
| Trade debts | 44 | €1,732 | €8,679 | +€6,947 | +401% |
| Suppliers | 440/4 | €1,732 | €8,679 | +€6,947 | +401% |
| Taxes, remuneration and social security | 45 | €11,088 | €11,891 | +€803 | +7.2% |
| Taxes | 450/3 | €5,588 | €7,291 | +€1,703 | +30.5% |
| Remuneration and social security | 454/9 | €5,500 | €4,600 | -€900 | -16.4% |
| Other amounts payable | 47/48 | €392 | €1,418 | +€1,026 | +262% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €926 | €1,835 | +€909 | +98.1% |
| Other operating charges | 640/8 | €133 | €574 | +€440 | +330% |
| Gross operating margin | 9900 | €13,372 | €13,333 | -€40 | -0.3% |
| Operating profit (loss) | 9901 | €12,313 | €10,924 | -€1,389 | -11.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €617 | €2,104 | +€1,487 | +241% |
| Recurring financial charges | 65 | €617 | €2,104 | +€1,487 | +241% |
| Profit (loss) for the period before taxes | 9903 | €11,696 | €8,821 | -€2,875 | -24.6% |
| Income taxes | 67/77 | €2,438 | €2,097 | -€342 | -14.0% |
| Profit (loss) for the period | 9904 | €9,257 | €6,724 | -€2,533 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,257 | €6,724 | -€2,533 | -27.4% |
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 15 October 2026 via checked.be.