AGB DE KOUTER: 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.
AGB DE KOUTER
Largest movements
- Tangible fixed assets -€469,463
down €469,463 (-4.9%), from €9.7m to €9.2m
of which Land and buildings: -€671,702
- Cash -€327,310
down €327,310 (-34.2%), from €957,919 to €630,609
mainly Contributions, distributions and other (-€650,704) and Investment in fixed assets (net) (-€302,273)
- Contributions -€649,141
down €649,141 (-6.6%), from €9.9m to €9.2m
- Depreciation +€21,697
up €21,697 (+2.9%), from €750,040 to €771,736
- Gross operating margin +€20,815
up €20,815 (+2.9%), from €726,677 to €747,493
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 | €10,712,460 | €9,968,420 | -€744,040 | -6.9% |
| Fixed assets | 21/28 | €9,651,264 | €9,181,801 | -€469,463 | -4.9% |
| Tangible fixed assets | 22/27 | €9,651,264 | €9,181,801 | -€469,463 | -4.9% |
| Land and buildings | 22 | €9,219,592 | €8,547,890 | -€671,702 | -7.3% |
| Plant, machinery and equipment | 23 | €315,923 | €340,855 | +€24,932 | +7.9% |
| Furniture and vehicles | 24 | €115,050 | €292,357 | +€177,307 | +154% |
| Other tangible fixed assets | 26 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €1,061,196 | €786,619 | -€274,577 | -25.9% |
| Amounts receivable within one year | 40/41 | €96,203 | €144,746 | +€48,543 | +50.5% |
| Trade receivables | 40 | €95,098 | €143,128 | +€48,030 | +50.5% |
| Other amounts receivable | 41 | €1,105 | €1,618 | +€513 | +46.4% |
| Cash at bank and in hand | 54/58 | €957,919 | €630,609 | -€327,310 | -34.2% |
| Deferred charges and accrued income | 490/1 | €7,074 | €11,264 | +€4,190 | +59.2% |
| Total equity and liabilities | 10/49 | €10,712,460 | €9,968,420 | -€744,040 | -6.9% |
| Equity | 10/15 | €9,888,086 | €9,214,181 | -€673,904 | -6.8% |
| Contributions | 10/11 | €9,850,905 | €9,201,765 | -€649,141 | -6.6% |
| Reserves | 13 | €13,458 | €13,458 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,458 | €13,458 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,458 | €13,458 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,722 | -€1,041 | -€24,763 | |
| Amounts payable | 17/49 | €824,375 | €754,238 | -€70,136 | -8.5% |
| Amounts payable within one year | 42/48 | €824,324 | €754,238 | -€70,086 | -8.5% |
| Trade debts | 44 | €134,239 | €92,271 | -€41,968 | -31.3% |
| Suppliers | 440/4 | €134,239 | €92,271 | -€41,968 | -31.3% |
| Taxes, remuneration and social security | 45 | €39,372 | €11,254 | -€28,118 | -71.4% |
| Taxes | 450/3 | €39,317 | €9,881 | -€29,436 | -74.9% |
| Remuneration and social security | 454/9 | €55 | €1,373 | +€1,318 | +2,388% |
| Other amounts payable | 47/48 | €650,713 | €650,713 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €50 | €0 | -€50 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €750,040 | €771,736 | +€21,697 | +2.9% |
| Other operating charges | 640/8 | €442 | €467 | +€25 | +5.6% |
| Non-recurring operating charges | 66A | - | €26 | +€26 | |
| Gross operating margin | 9900 | €726,677 | €747,493 | +€20,815 | +2.9% |
| Operating profit (loss) | 9901 | -€23,805 | -€24,736 | -€931 | -3.9% |
| Financial income | 75/76B | €1,170 | €1,258 | +€89 | +7.6% |
| Recurring financial income | 75 | €1,170 | €1,258 | +€89 | +7.6% |
| Financial charges | 65/66B | €101 | €100 | -€1 | -1.0% |
| Recurring financial charges | 65 | €101 | €100 | -€1 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,736 | -€23,578 | -€842 | -3.7% |
| Income taxes | 67/77 | -€870 | -€378 | +€493 | +56.6% |
| Profit (loss) for the period | 9904 | -€21,866 | -€23,200 | -€1,334 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,866 | -€23,200 | -€1,334 | -6.1% |
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 21 October 2026 via checked.be.