AGCC: what changed
AGCC
Largest movements
- Cash -€4,721
down €4,721 (-6.6%), from €71,170 to €66,450
mainly Contributions, distributions and other (-€46,000) and Tax, wage and social debts (-€1,993)
- Tangible fixed assets -€2,574
down €2,574 (-30.5%), from €8,449 to €5,876
- Reserves -€33,426
down €33,426 (-56.8%), from €58,846 to €25,420
- Other debts +€29,682
up €29,682 (+899%), from €3,300 to €32,982
- Tax, wage and social debts -€1,993
down €1,993 (-17.8%), from €11,192 to €9,199
of which Taxes: -€1,993
- Trade debts -€1,856
down €1,856 (-98.9%), from €1,877 to €20
- Gross operating margin -€9,250
down €9,250 (-29.1%), from €31,758 to €22,508
- Taxes -€1,481
down €1,481 (-22.8%), from €6,487 to €5,006
- Depreciation -€318
down €318 (-7.5%), from €4,217 to €3,899
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,815 | €86,222 | -€7,593 | -8.1% |
| Fixed assets | 21/28 | €8,449 | €5,876 | -€2,574 | -30.5% |
| Tangible fixed assets | 22/27 | €8,449 | €5,876 | -€2,574 | -30.5% |
| Land and buildings | 22 | €1,618 | €1,214 | -€405 | -25.0% |
| Plant, machinery and equipment | 23 | €1,965 | €1,074 | -€891 | -45.3% |
| Furniture and vehicles | 24 | €2,453 | €2,000 | -€453 | -18.5% |
| Other tangible fixed assets | 26 | €2,413 | €1,588 | -€825 | -34.2% |
| Current assets | 29/58 | €85,366 | €80,346 | -€5,020 | -5.9% |
| Amounts receivable within one year | 40/41 | €13,552 | €13,295 | -€257 | -1.9% |
| Trade receivables | 40 | €13,552 | €12,282 | -€1,271 | -9.4% |
| Other amounts receivable | 41 | €0 | €1,013 | +€1,013 | |
| Cash at bank and in hand | 54/58 | €71,170 | €66,450 | -€4,721 | -6.6% |
| Deferred charges and accrued income | 490/1 | €643 | €601 | -€42 | -6.5% |
| Total equity and liabilities | 10/49 | €93,815 | €86,222 | -€7,593 | -8.1% |
| Equity | 10/15 | €77,446 | €44,020 | -€33,426 | -43.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,846 | €25,420 | -€33,426 | -56.8% |
| Distributable reserves | 133 | €58,846 | €25,420 | -€33,426 | -56.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,369 | €42,202 | +€25,832 | +158% |
| Amounts payable within one year | 42/48 | €16,369 | €42,202 | +€25,832 | +158% |
| Trade debts | 44 | €1,877 | €20 | -€1,856 | -98.9% |
| Suppliers | 440/4 | €1,877 | €20 | -€1,856 | -98.9% |
| Taxes, remuneration and social security | 45 | €11,192 | €9,199 | -€1,993 | -17.8% |
| Taxes | 450/3 | €11,192 | €9,199 | -€1,993 | -17.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,300 | €32,982 | +€29,682 | +899% |
| Non-recurring operating income | 76A | €103 | €0 | -€103 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,217 | €3,899 | -€318 | -7.5% |
| Other operating charges | 640/8 | €949 | €991 | +€42 | +4.4% |
| Gross operating margin | 9900 | €31,758 | €22,508 | -€9,250 | -29.1% |
| Operating profit (loss) | 9901 | €26,592 | €17,618 | -€8,974 | -33.7% |
| Financial income | 75/76B | €0 | €188 | +€188 | +940,200% |
| Recurring financial income | 75 | €0 | €188 | +€188 | +940,200% |
| Financial charges | 65/66B | €160 | €226 | +€66 | +41.4% |
| Recurring financial charges | 65 | €160 | €226 | +€66 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €26,432 | €17,580 | -€8,852 | -33.5% |
| Income taxes | 67/77 | €6,487 | €5,006 | -€1,481 | -22.8% |
| Profit (loss) for the period | 9904 | €19,946 | €12,574 | -€7,371 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,946 | €12,574 | -€7,371 | -37.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.