AGCI: what changed
Two fiscal 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.
AGCI
Largest movements
- Financial fixed assets +€200,000
new in 2025: €200,000
- Receivables within one year -€138,293
down €138,293 (-45.7%), from €302,563 to €164,270
of which Other amounts receivable: -€159,247
- Cash -€46,217
down €46,217 (-54.1%), from €85,458 to €39,242
mainly Investment in fixed assets (net) (-€204,045) and Current investments (-€10,305)
- Current investments +€10,305
up €10,305 (+31.8%), from €32,357 to €42,662
- Profit (loss) carried forward +€25,294
up €25,294 (+10.0%), from -€254,071 to -€228,778
- Financial income -€24,593
down €24,593 (-91.0%), from €27,016 to €2,423
- Gross operating margin +€2,467
up €2,467 (+7.7%), from €32,087 to €34,554
- Depreciation -€739
down €739 (-7.5%), from €9,892 to €9,154
- Financial charges +€585
up €585 (+85.4%), from €685 to €1,270
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 | €525,629 | €546,316 | +€20,687 | +3.9% |
| Fixed assets | 21/28 | €15,251 | €210,143 | +€194,892 | +1277.9% |
| Tangible fixed assets | 22/27 | €15,251 | €10,143 | -€5,108 | -33.5% |
| Plant, machinery and equipment | 23 | €665 | €4,045 | +€3,380 | +508.0% |
| Furniture and vehicles | 24 | €14,585 | €6,097 | -€8,488 | -58.2% |
| Financial fixed assets | 28 | - | €200,000 | +€200,000 | |
| Current assets | 29/58 | €510,378 | €336,174 | -€174,204 | -34.1% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €302,563 | €164,270 | -€138,293 | -45.7% |
| Trade receivables | 40 | - | €20,955 | +€20,955 | |
| Other amounts receivable | 41 | €302,563 | €143,315 | -€159,247 | -52.6% |
| Current investments | 50/53 | €32,357 | €42,662 | +€10,305 | +31.8% |
| Cash at bank and in hand | 54/58 | €85,458 | €39,242 | -€46,217 | -54.1% |
| Total equity and liabilities | 10/49 | €525,629 | €546,316 | +€20,687 | +3.9% |
| Equity | 10/15 | €513,630 | €538,924 | +€25,294 | +4.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €762,701 | €762,701 | = | 0.0% |
| Distributable reserves | 133 | €762,701 | €762,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€254,071 | -€228,778 | +€25,294 | +10.0% |
| Amounts payable | 17/49 | €11,999 | €7,393 | -€4,606 | -38.4% |
| Amounts payable within one year | 42/48 | €11,999 | €7,393 | -€4,606 | -38.4% |
| Trade debts | 44 | €11,999 | €7,393 | -€4,606 | -38.4% |
| Suppliers | 440/4 | €11,999 | €7,393 | -€4,606 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,892 | €9,154 | -€739 | -7.5% |
| Other operating charges | 640/8 | €924 | €970 | +€46 | +5.0% |
| Gross operating margin | 9900 | €32,087 | €34,554 | +€2,467 | +7.7% |
| Operating profit (loss) | 9901 | €21,271 | €24,430 | +€3,160 | +14.9% |
| Financial income | 75/76B | €27,016 | €2,423 | -€24,593 | -91.0% |
| Recurring financial income | 75 | €27,016 | €2,423 | -€24,593 | -91.0% |
| Financial charges | 65/66B | €685 | €1,270 | +€585 | +85.4% |
| Recurring financial charges | 65 | €685 | €1,270 | +€585 | +85.4% |
| Profit (loss) for the period before taxes | 9903 | €47,602 | €25,583 | -€22,019 | -46.3% |
| Income taxes | 67/77 | €375 | €290 | -€85 | -22.7% |
| Profit (loss) for the period | 9904 | €47,227 | €25,294 | -€21,933 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,227 | €25,294 | -€21,933 | -46.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.