AGBE: 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.
AGBE
Largest movements
- Cash +€25,927
up €25,927 (+269.4%), from €9,624 to €35,551
mainly Net result for the year (+€16,552) and Tax, wage and social debts (+€7,222)
- Receivables within one year -€3,475
down €3,475 (-23.9%), from €14,516 to €11,040
of which Trade receivables: -€3,177
- Tangible fixed assets +€679
up €679 (+46.1%), from €1,474 to €2,153
- Reserves +€16,552
up €16,552 (+113.1%), from €14,641 to €31,193
- Tax, wage and social debts +€7,222
up €7,222 (+136.8%), from €5,278 to €12,500
- Other debts -€1,474
down €1,474 (-49.4%), from €2,985 to €1,511
- Trade debts +€1,058
up €1,058 (+149.0%), from €710 to €1,768
- Gross operating margin +€2,745
up €2,745 (+13.1%), from €20,917 to €23,662
- Taxes +€790
up €790 (+15.0%), from €5,278 to €6,068
- Depreciation +€316
up €316 (+58.7%), from €539 to €855
- Other operating charges -€267
down €267 (-69.0%), from €387 to €120
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.
Cash bridge derived
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 | €25,614 | €48,972 | +€23,358 | +91.2% |
| Fixed assets | 21/28 | €1,474 | €2,153 | +€679 | +46.1% |
| Tangible fixed assets | 22/27 | €1,474 | €2,153 | +€679 | +46.1% |
| Plant, machinery and equipment | 23 | €1,474 | €2,153 | +€679 | +46.1% |
| Current assets | 29/58 | €24,140 | €46,819 | +€22,679 | +93.9% |
| Amounts receivable within one year | 40/41 | €14,516 | €11,040 | -€3,475 | -23.9% |
| Trade receivables | 40 | €14,193 | €11,017 | -€3,177 | -22.4% |
| Other amounts receivable | 41 | €322 | €24 | -€299 | -92.7% |
| Cash at bank and in hand | 54/58 | €9,624 | €35,551 | +€25,927 | +269.4% |
| Deferred charges and accrued income | 490/1 | - | €227 | +€227 | |
| Total equity and liabilities | 10/49 | €25,614 | €48,972 | +€23,358 | +91.2% |
| Equity | 10/15 | €16,641 | €33,193 | +€16,552 | +99.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €14,641 | €31,193 | +€16,552 | +113.1% |
| Distributable reserves | 133 | €14,641 | €31,193 | +€16,552 | +113.1% |
| Amounts payable | 17/49 | €8,973 | €15,779 | +€6,806 | +75.9% |
| Amounts payable within one year | 42/48 | €8,973 | €15,779 | +€6,806 | +75.9% |
| Trade debts | 44 | €710 | €1,768 | +€1,058 | +149.0% |
| Suppliers | 440/4 | €710 | €1,768 | +€1,058 | +149.0% |
| Taxes, remuneration and social security | 45 | €5,278 | €12,500 | +€7,222 | +136.8% |
| Taxes | 450/3 | €5,278 | €12,500 | +€7,222 | +136.8% |
| Other amounts payable | 47/48 | €2,985 | €1,511 | -€1,474 | -49.4% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €539 | €855 | +€316 | +58.7% |
| Other operating charges | 640/8 | €387 | €120 | -€267 | -69.0% |
| Gross operating margin | 9900 | €20,917 | €23,662 | +€2,745 | +13.1% |
| Operating profit (loss) | 9901 | €19,991 | €22,688 | +€2,697 | +13.5% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.2% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.2% |
| Financial charges | 65/66B | €78 | €68 | -€10 | -12.5% |
| Recurring financial charges | 65 | €78 | €68 | -€10 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €19,918 | €22,620 | +€2,702 | +13.6% |
| Income taxes | 67/77 | €5,278 | €6,068 | +€790 | +15.0% |
| Profit (loss) for the period | 9904 | €14,641 | €16,552 | +€1,911 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,641 | €16,552 | +€1,911 | +13.1% |
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 10 October 2026 via checked.be.