AGB Genk: 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.
What changed
AGB Genk
NACE 84.114, Public administration and defence; compulsory social security
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€256,175
2024 · -€596,176+€852,351
Equity
€73.7m
2024 · €69.9m+€3.9m
Cash
€235,276
2024 · €209,259+€26,017
Balance sheet total
€89.0m
2024 · €84.4m+€4.6m
Largest movements
Assets
- Tangible fixed assets +€3.9m
up €3.9m (+5.8%), from €67.3m to €71.2m
of which Land and buildings: +€3.8m
Equity and liabilities
- Investment grants +€3.6m
up €3.6m (+9.8%), from €36.8m to €40.4m
Income statement
- Gross operating margin +€926,366
up €926,366 (+172%), from €539,352 to €1.5m
- Purchases and services -€731,521
down €731,521 (-14.5%), from €5.0m to €4.3m
- Other operating charges +€196,728
up €196,728 (+92.3%), from €213,150 to €409,878
- Turnover +€194,845
up €194,845 (+3.5%), from €5.6m to €5.8m
- Financial income +€187,523
up €187,523 (+11.6%), from €1.6m to €1.8m
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.
Result 2024
-€596,176
Gross operating margin
+€926,366
Depreciation
-€110,925
Write-downs
+€4,836
Other operating charges
-€196,728
Financial income
+€187,523
Financial charges
+€15,593
Taxes
+€25,686
Result 2025
€256,175
raises the resultlowers the result
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.
From operations
+€2.0m
Investment
-€6.1m
Financing
+€4.1m
Cash 2024
€209,259
From operations (derived)
+€2.0m
Net result for the year
+€256,175
Depreciation
+€2.2m
Smaller working-capital items
+€6,031
Receivables within one year
-€608,129
Deferred charges and accrued income
-€59,961
Trade debts
+€138,095
Tax, wage and social debts
+€54,043
Other debts
+€32,296
Investment (derived)
-€6.1m
Investment in fixed assets (net)
-€6.1m
Financing
+€4.1m
Debts after one year
-€244,125
Current portion of long-term debt
+€7,070
Short-term financial debts
+€750,000
Contributions, distributions and other
+€3.6m
Cash 2025
€235,276
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,378,156 | €88,973,961 | +€4.6m | +5.4% |
| Fixed assets | 21/28 | €82,381,557 | €86,289,796 | +€3.9m | +4.7% |
| Tangible fixed assets | 22/27 | €67,306,743 | €71,214,982 | +€3.9m | +5.8% |
| Land and buildings | 22 | €52,770,275 | €56,527,431 | +€3.8m | +7.1% |
| Plant, machinery and equipment | 23 | €1,443,145 | €1,632,729 | +€189,584 | +13.1% |
| Furniture and vehicles | 24 | €47,187 | €230,722 | +€183,535 | +389% |
| Leasing and similar rights | 25 | €11,413,210 | €11,191,174 | -€222,036 | -1.9% |
| Other tangible fixed assets | 26 | €1,632,926 | €1,632,926 | = | 0.0% |
| Financial fixed assets | 28 | €15,074,814 | €15,074,814 | = | 0.0% |
| Current assets | 29/58 | €1,996,599 | €2,684,165 | +€687,566 | +34.4% |
| Stocks and contracts in progress | 3 | €38,508 | €31,967 | -€6,541 | -17.0% |
| Stocks | 30/36 | €38,508 | €31,967 | -€6,541 | -17.0% |
| Amounts receivable within one year | 40/41 | €1,661,409 | €2,269,538 | +€608,129 | +36.6% |
| Trade receivables | 40 | €1,526,124 | €1,819,789 | +€293,665 | +19.2% |
| Other amounts receivable | 41 | €135,285 | €449,749 | +€314,464 | +232% |
| Cash at bank and in hand | 54/58 | €209,259 | €235,276 | +€26,017 | +12.4% |
| Deferred charges and accrued income | 490/1 | €87,423 | €147,384 | +€59,961 | +68.6% |
| Total equity and liabilities | 10/49 | €84,378,156 | €88,973,961 | +€4.6m | +5.4% |
| Equity | 10/15 | €69,881,196 | €73,740,132 | +€3.9m | +5.5% |
| Contributions | 10/11 | €36,082,034 | €36,082,034 | = | 0.0% |
| Capital | 10 | €36,082,034 | €36,082,034 | = | 0.0% |
| Issued capital | 100 | €36,082,034 | €36,082,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,960,803 | -€2,704,627 | +€256,176 | +8.7% |
| Investment grants | 15 | €36,759,965 | €40,362,725 | +€3.6m | +9.8% |
| Amounts payable | 17/49 | €14,496,960 | €15,233,829 | +€736,869 | +5.1% |
| Amounts payable after more than one year | 17 | €11,146,770 | €10,902,645 | -€244,125 | -2.2% |
| Financial debts | 170/4 | €11,146,770 | €10,902,645 | -€244,125 | -2.2% |
| Amounts payable within one year | 42/48 | €3,257,445 | €4,238,949 | +€981,504 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €237,055 | €244,125 | +€7,070 | +3.0% |
| Financial debts | 43 | €1,000,000 | €1,750,000 | +€750,000 | +75.0% |
| Other loans | 439 | €1,000,000 | €1,750,000 | +€750,000 | +75.0% |
| Trade debts | 44 | €1,554,665 | €1,692,760 | +€138,095 | +8.9% |
| Suppliers | 440/4 | €1,554,665 | €1,692,760 | +€138,095 | +8.9% |
| Taxes, remuneration and social security | 45 | €496 | €54,539 | +€54,043 | +10,896% |
| Taxes | 450/3 | €496 | €54,539 | +€54,043 | +10,896% |
| Other amounts payable | 47/48 | €465,229 | €497,525 | +€32,296 | +6.9% |
| Accrued charges and deferred income | 492/3 | €92,745 | €92,235 | -€510 | -0.5% |
| Turnover | 70 | €5,577,105 | €5,771,950 | +€194,845 | +3.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,037,753 | €4,306,232 | -€731,521 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,040,442 | €2,151,367 | +€110,925 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,438 | €16,602 | -€4,836 | -22.6% |
| Other operating charges | 640/8 | €213,150 | €409,878 | +€196,728 | +92.3% |
| Gross operating margin | 9900 | €539,352 | €1,465,718 | +€926,366 | +172% |
| Operating profit (loss) | 9901 | -€1,735,678 | -€1,112,129 | +€623,549 | +35.9% |
| Financial income | 75/76B | €1,610,946 | €1,798,469 | +€187,523 | +11.6% |
| Recurring financial income | 75 | €1,610,946 | €1,798,469 | +€187,523 | +11.6% |
| Financial charges | 65/66B | €443,270 | €427,677 | -€15,593 | -3.5% |
| Recurring financial charges | 65 | €443,270 | €427,677 | -€15,593 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€568,002 | €258,663 | +€826,665 | |
| Income taxes | 67/77 | €28,174 | €2,488 | -€25,686 | -91.2% |
| Profit (loss) for the period | 9904 | -€596,176 | €256,175 | +€852,351 | |
| Profit (loss) for the period to be appropriated | 9905 | -€596,176 | €256,175 | +€852,351 |
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 27 October 2026 via checked.be.