AGEBD: 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.
AGEBD
Largest movements
- Cash -€3,845
down €3,845 (-49.3%), from €7,796 to €3,951
mainly Receivables within one year (-€3,000) and Trade debts (-€699)
- Receivables within one year +€3,000
up €3,000 (+130.4%), from €2,300 to €5,300
- Deferred charges and accrued income +€159
new in 2025: €159
- Trade debts -€699
down €699 (-21.8%), from €3,199 to €2,500
- Other operating charges -€38
down €38 (-7.0%), from €537 to €500
- Gross operating margin -€34
down €34 (-4.7%), from €715 to €681
- Financial charges -€20
down €20 (-16.1%), from €124 to €104
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 | €10,096 | €9,410 | -€686 | -6.8% |
| Current assets | 29/58 | €10,096 | €9,410 | -€686 | -6.8% |
| Amounts receivable within one year | 40/41 | €2,300 | €5,300 | +€3,000 | +130.4% |
| Trade receivables | 40 | €2,300 | €5,300 | +€3,000 | +130.4% |
| Cash at bank and in hand | 54/58 | €7,796 | €3,951 | -€3,845 | -49.3% |
| Deferred charges and accrued income | 490/1 | - | €159 | +€159 | |
| Total equity and liabilities | 10/49 | €10,096 | €9,410 | -€686 | -6.8% |
| Equity | 10/15 | €6,833 | €6,890 | +€57 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4 | €4 | = | 0.0% |
| Distributable reserves | 133 | €4 | €4 | = | 0.0% |
| Profit (loss) carried forward | 14 | €629 | €686 | +€57 | +9.0% |
| Amounts payable | 17/49 | €3,263 | €2,521 | -€742 | -22.8% |
| Amounts payable within one year | 42/48 | €3,263 | €2,521 | -€742 | -22.8% |
| Trade debts | 44 | €3,199 | €2,500 | -€699 | -21.8% |
| Suppliers | 440/4 | €3,199 | €2,500 | -€699 | -21.8% |
| Taxes, remuneration and social security | 45 | €64 | €21 | -€44 | -67.9% |
| Taxes | 450/3 | €64 | €21 | -€44 | -67.9% |
| Other operating charges | 640/8 | €537 | €500 | -€38 | -7.0% |
| Gross operating margin | 9900 | €715 | €681 | -€34 | -4.7% |
| Operating profit (loss) | 9901 | €178 | €182 | +€4 | +2.2% |
| Financial charges | 65/66B | €124 | €104 | -€20 | -16.1% |
| Recurring financial charges | 65 | €124 | €104 | -€20 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €53 | €77 | +€24 | +44.9% |
| Income taxes | 67/77 | €18 | €21 | +€3 | +17.4% |
| Profit (loss) for the period | 9904 | €36 | €57 | +€21 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36 | €57 | +€21 | +58.5% |
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 28 September 2026 via checked.be.