AGEA: what changed
AGEA
Largest movements
- Cash +€34,154
up €34,154 (+80.5%), from €42,452 to €76,606
mainly Net result for the year (+€26,631) and Receivables within one year (+€24,100)
- Receivables within one year -€24,100
down €24,100 (-33.1%), from €72,727 to €48,627
of which Trade receivables: -€24,325
- Tangible fixed assets -€19,361
down €19,361 (-35.6%), from €54,326 to €34,965
of which Land and buildings: -€12,695
- Reserves +€24,965
up €24,965 (+37.2%), from €67,121 to €92,086
- Current portion of long-term debt -€19,022
no longer reported in 2025 (was €19,022)
- Trade debts -€11,376
down €11,376 (-57.0%), from €19,946 to €8,570
- Tax, wage and social debts +€8,131
up €8,131 (+91.1%), from €8,920 to €17,051
- Advances received -€7,131
no longer reported in 2025 (was €7,131)
- Gross operating margin +€23,068
up €23,068 (+55.1%), from €41,904 to €64,972
- Financial income -€11,408
down €11,408 (-98.2%), from €11,618 to €210
- Taxes +€1,845
up €1,845 (+17.1%), from €10,821 to €12,666
- Other operating charges -€1,257
down €1,257 (-59.9%), from €2,100 to €843
- Depreciation +€924
up €924 (+5.0%), from €18,437 to €19,361
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 | €189,868 | €180,663 | -€9,205 | -4.8% |
| Fixed assets | 21/28 | €54,521 | €35,160 | -€19,361 | -35.5% |
| Tangible fixed assets | 22/27 | €54,326 | €34,965 | -€19,361 | -35.6% |
| Land and buildings | 22 | €40,393 | €27,698 | -€12,695 | -31.4% |
| Furniture and vehicles | 24 | €8,907 | €4,277 | -€4,629 | -52.0% |
| Other tangible fixed assets | 26 | €5,027 | €2,990 | -€2,037 | -40.5% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €135,347 | €145,503 | +€10,156 | +7.5% |
| Amounts receivable within one year | 40/41 | €72,727 | €48,627 | -€24,100 | -33.1% |
| Trade receivables | 40 | €72,727 | €48,402 | -€24,325 | -33.4% |
| Other amounts receivable | 41 | - | €226 | +€226 | |
| Current investments | 50/53 | €17,965 | €17,965 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,452 | €76,606 | +€34,154 | +80.5% |
| Deferred charges and accrued income | 490/1 | €2,203 | €2,305 | +€102 | +4.6% |
| Total equity and liabilities | 10/49 | €189,868 | €180,663 | -€9,205 | -4.8% |
| Equity | 10/15 | €73,321 | €98,286 | +€24,965 | +34.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,121 | €92,086 | +€24,965 | +37.2% |
| Distributable reserves | 133 | €67,121 | €92,086 | +€24,965 | +37.2% |
| Amounts payable | 17/49 | €116,547 | €82,377 | -€34,170 | -29.3% |
| Amounts payable after more than one year | 17 | €45,553 | €45,553 | = | 0.0% |
| Financial debts | 170/4 | €45,553 | €45,553 | = | 0.0% |
| Amounts payable within one year | 42/48 | €70,994 | €36,824 | -€34,170 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €19,022 | - | -€19,022 | |
| Trade debts | 44 | €19,946 | €8,570 | -€11,376 | -57.0% |
| Suppliers | 440/4 | €19,946 | €8,570 | -€11,376 | -57.0% |
| Advances received on contracts in progress | 46 | €7,131 | - | -€7,131 | |
| Taxes, remuneration and social security | 45 | €8,920 | €17,051 | +€8,131 | +91.1% |
| Taxes | 450/3 | €8,920 | €17,051 | +€8,131 | +91.1% |
| Other amounts payable | 47/48 | €15,975 | €11,203 | -€4,772 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,437 | €19,361 | +€924 | +5.0% |
| Other operating charges | 640/8 | €2,100 | €843 | -€1,257 | -59.9% |
| Gross operating margin | 9900 | €41,904 | €64,972 | +€23,068 | +55.1% |
| Operating profit (loss) | 9901 | €21,367 | €44,769 | +€23,401 | +110% |
| Financial income | 75/76B | €11,618 | €210 | -€11,408 | -98.2% |
| Recurring financial income | 75 | €11,618 | €210 | -€11,408 | -98.2% |
| Financial charges | 65/66B | €5,787 | €5,681 | -€106 | -1.8% |
| Recurring financial charges | 65 | €5,787 | €5,681 | -€106 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €27,198 | €39,297 | +€12,100 | +44.5% |
| Income taxes | 67/77 | €10,821 | €12,666 | +€1,845 | +17.1% |
| Profit (loss) for the period | 9904 | €16,377 | €26,631 | +€10,254 | +62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,377 | €26,631 | +€10,254 | +62.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.