AGD ELECTRICITE: 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.
AGD ELECTRICITE
Largest movements
- Receivables within one year -€22,858
down €22,858 (-47.2%), from €48,404 to €25,546
of which Trade receivables: -€20,190
- Intangible fixed assets -€16,000
down €16,000 (-67.1%), from €23,847 to €7,847
- Tangible fixed assets -€12,166
down €12,166 (-8.2%), from €148,272 to €136,106
of which Furniture and vehicles: -€14,691
- Cash +€10,596
up €10,596 (+15.3%), from €69,389 to €79,985
mainly Depreciation (+€36,547) and Other debts (+€33,039)
- Stocks and contracts -€3,841
down €3,841 (-27.4%), from €13,998 to €10,157
- Debts after one year -€71,419
down €71,419 (-46.6%), from €153,296 to €81,878
of which Other amounts payable: -€50,188
- Other debts +€33,039
new in 2025: €33,039
- Trade debts -€6,127
down €6,127 (-21.7%), from €28,288 to €22,160
- Current portion of long-term debt -€3,352
down €3,352 (-13.6%), from €24,582 to €21,230
- Gross operating margin -€51,583
down €51,583 (-36.6%), from €140,752 to €89,169
- Taxes -€14,965
down €14,965 (-94.0%), from €15,928 to €963
- Staff costs +€6,732
up €6,732 (+18.4%), from €36,567 to €43,300
- Financial charges +€2,401
up €2,401 (+86.7%), from €2,770 to €5,171
- Depreciation -€1,624
down €1,624 (-4.3%), from €38,171 to €36,547
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 | €307,026 | €259,885 | -€47,141 | -15.4% |
| Fixed assets | 21/28 | €172,119 | €143,953 | -€28,166 | -16.4% |
| Intangible fixed assets | 21 | €23,847 | €7,847 | -€16,000 | -67.1% |
| Tangible fixed assets | 22/27 | €148,272 | €136,106 | -€12,166 | -8.2% |
| Land and buildings | 22 | €118,713 | €121,238 | +€2,525 | +2.1% |
| Furniture and vehicles | 24 | €29,559 | €14,868 | -€14,691 | -49.7% |
| Current assets | 29/58 | €134,907 | €115,932 | -€18,975 | -14.1% |
| Stocks and contracts in progress | 3 | €13,998 | €10,157 | -€3,841 | -27.4% |
| Stocks | 30/36 | €13,998 | €10,157 | -€3,841 | -27.4% |
| Amounts receivable within one year | 40/41 | €48,404 | €25,546 | -€22,858 | -47.2% |
| Trade receivables | 40 | €37,333 | €17,143 | -€20,190 | -54.1% |
| Other amounts receivable | 41 | €11,071 | €8,403 | -€2,668 | -24.1% |
| Cash at bank and in hand | 54/58 | €69,389 | €79,985 | +€10,596 | +15.3% |
| Deferred charges and accrued income | 490/1 | €3,117 | €244 | -€2,872 | -92.2% |
| Total equity and liabilities | 10/49 | €307,026 | €259,885 | -€47,141 | -15.4% |
| Equity | 10/15 | €89,013 | €90,143 | +€1,129 | +1.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €79,013 | €80,143 | +€1,129 | +1.4% |
| Distributable reserves | 133 | €79,013 | €80,143 | +€1,129 | +1.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €218,013 | €169,742 | -€48,270 | -22.1% |
| Amounts payable after more than one year | 17 | €153,296 | €81,878 | -€71,419 | -46.6% |
| Financial debts | 170/4 | €103,108 | €81,878 | -€21,230 | -20.6% |
| Other amounts payable | 178/9 | €50,188 | €0 | -€50,188 | -100% |
| Amounts payable within one year | 42/48 | €64,716 | €87,865 | +€23,148 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €24,582 | €21,230 | -€3,352 | -13.6% |
| Trade debts | 44 | €28,288 | €22,160 | -€6,127 | -21.7% |
| Suppliers | 440/4 | €28,288 | €22,160 | -€6,127 | -21.7% |
| Taxes, remuneration and social security | 45 | €11,846 | €11,435 | -€411 | -3.5% |
| Taxes | 450/3 | €6,229 | €3,580 | -€2,649 | -42.5% |
| Remuneration and social security | 454/9 | €5,617 | €7,855 | +€2,238 | +39.8% |
| Other amounts payable | 47/48 | - | €33,039 | +€33,039 | |
| Remuneration, social security and pensions | 62 | €36,567 | €43,300 | +€6,732 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,171 | €36,547 | -€1,624 | -4.3% |
| Other operating charges | 640/8 | €1,197 | €1,226 | +€29 | +2.4% |
| Gross operating margin | 9900 | €140,752 | €89,169 | -€51,583 | -36.6% |
| Operating profit (loss) | 9901 | €64,817 | €8,096 | -€56,721 | -87.5% |
| Financial charges | 65/66B | €2,770 | €5,171 | +€2,401 | +86.7% |
| Recurring financial charges | 65 | €2,770 | €5,171 | +€2,401 | +86.7% |
| Profit (loss) for the period before taxes | 9903 | €62,048 | €2,926 | -€59,122 | -95.3% |
| Income taxes | 67/77 | €15,928 | €963 | -€14,965 | -94.0% |
| Profit (loss) for the period | 9904 | €46,119 | €1,962 | -€44,157 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,119 | €1,962 | -€44,157 | -95.7% |
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.