AGEBA: 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.
AGEBA
Largest movements
- Cash -€11,988
down €11,988 (-54.2%), from €22,108 to €10,121
mainly Contributions, distributions and other (-€8,400) and Net result for the year (-€6,759)
- Receivables within one year -€8,986
down €8,986 (-41.6%), from €21,588 to €12,602
of which Trade receivables: -€6,838
- Deferred charges and accrued income +€5,598
new in 2025: €5,598
- Stocks and contracts +€3,855
up €3,855 (+32.4%), from €11,910 to €15,765
- Reserves -€8,400
down €8,400 (-24.2%), from €34,648 to €26,248
- Profit (loss) carried forward -€6,759
new in 2025: -€6,759
- Tax, wage and social debts +€3,221
up €3,221 (+14.2%), from €22,664 to €25,885
of which Remuneration and social security: +€3,938
- Trade debts +€1,080
up €1,080 (+24.5%), from €4,406 to €5,486
- Gross operating margin -€13,066
down €13,066 (-19.5%), from €66,996 to €53,930
- Staff costs +€6,777
up €6,777 (+12.8%), from €53,040 to €59,817
- Financial income +€2,214
up €2,214 (+72.4%), from €3,056 to €5,269
of which Financial income: +€2,650
- Taxes -€986
down €986 (-100.0%), from €986 to €0
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 | €67,705 | €56,847 | -€10,858 | -16.0% |
| Fixed assets | 21/28 | €12,098 | €12,762 | +€663 | +5.5% |
| Tangible fixed assets | 22/27 | €11,794 | €12,457 | +€663 | +5.6% |
| Plant, machinery and equipment | 23 | €11,794 | €12,457 | +€663 | +5.6% |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €55,606 | €44,085 | -€11,521 | -20.7% |
| Stocks and contracts in progress | 3 | €11,910 | €15,765 | +€3,855 | +32.4% |
| Stocks | 30/36 | €11,910 | €15,765 | +€3,855 | +32.4% |
| Amounts receivable within one year | 40/41 | €21,588 | €12,602 | -€8,986 | -41.6% |
| Trade receivables | 40 | €10,201 | €3,363 | -€6,838 | -67.0% |
| Other amounts receivable | 41 | €11,387 | €9,239 | -€2,149 | -18.9% |
| Cash at bank and in hand | 54/58 | €22,108 | €10,121 | -€11,988 | -54.2% |
| Deferred charges and accrued income | 490/1 | - | €5,598 | +€5,598 | |
| Total equity and liabilities | 10/49 | €67,705 | €56,847 | -€10,858 | -16.0% |
| Equity | 10/15 | €40,635 | €25,476 | -€15,159 | -37.3% |
| Contributions | 10/11 | €5,987 | €5,987 | = | 0.0% |
| Reserves | 13 | €34,648 | €26,248 | -€8,400 | -24.2% |
| Distributable reserves | 133 | €34,648 | €26,248 | -€8,400 | -24.2% |
| Profit (loss) carried forward | 14 | - | -€6,759 | -€6,759 | |
| Amounts payable | 17/49 | €27,070 | €31,371 | +€4,301 | +15.9% |
| Amounts payable within one year | 42/48 | €27,070 | €31,371 | +€4,301 | +15.9% |
| Trade debts | 44 | €4,406 | €5,486 | +€1,080 | +24.5% |
| Suppliers | 440/4 | €4,406 | €5,486 | +€1,080 | +24.5% |
| Taxes, remuneration and social security | 45 | €22,664 | €25,885 | +€3,221 | +14.2% |
| Taxes | 450/3 | €16,384 | €15,667 | -€717 | -4.4% |
| Remuneration and social security | 454/9 | €6,280 | €10,218 | +€3,938 | +62.7% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €53,040 | €59,817 | +€6,777 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,421 | €3,238 | -€183 | -5.3% |
| Other operating charges | 640/8 | €1,749 | €1,638 | -€111 | -6.3% |
| Gross operating margin | 9900 | €66,996 | €53,930 | -€13,066 | -19.5% |
| Operating profit (loss) | 9901 | €8,787 | -€10,763 | -€19,550 | |
| Financial income | 75/76B | €3,056 | €5,269 | +€2,214 | +72.4% |
| Recurring financial income | 75 | €2,372 | €5,021 | +€2,650 | +111.7% |
| Non-recurring financial income | 76B | €684 | €248 | -€436 | -63.7% |
| Financial charges | 65/66B | €996 | €1,265 | +€270 | +27.1% |
| Recurring financial charges | 65 | €996 | €1,265 | +€270 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €10,847 | -€6,759 | -€17,606 | |
| Income taxes | 67/77 | €986 | €0 | -€986 | -100.0% |
| Profit (loss) for the period | 9904 | €9,861 | -€6,759 | -€16,620 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,861 | -€6,759 | -€16,620 |
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 8 October 2026 via checked.be.