AGEC: 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.
AGEC
Largest movements
- Tangible fixed assets +€27,655
new in 2025: €27,655
of which Furniture and vehicles: +€26,777
- Receivables within one year +€2,533
up €2,533 (+54.0%), from €4,692 to €7,224
of which Other amounts receivable: +€3,553
- Cash +€2,216
up €2,216 (+145%), from €1,532 to €3,749
mainly Short-term financial debts (+€26,693) and Net result for the year (+€6,538)
- Short-term financial debts +€26,693
new in 2025: €26,693
- Profit (loss) carried forward +€6,538
up €6,538, from -€4,096 to €2,442
- Tax, wage and social debts -€980
down €980 (-85.9%), from €1,141 to €160
- Gross operating margin +€11,526
up €11,526, from -€3,996 to €7,531
- Depreciation +€460
new in 2025: €460
- Other operating charges -€387
down €387 (-75.2%), from €515 to €128
- Financial charges +€223
up €223 (+112%), from €199 to €422
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 | €6,224 | €38,628 | +€32,404 | +521% |
| Fixed assets | 21/28 | - | €27,655 | +€27,655 | |
| Tangible fixed assets | 22/27 | - | €27,655 | +€27,655 | |
| Plant, machinery and equipment | 23 | - | €877 | +€877 | |
| Furniture and vehicles | 24 | - | €26,777 | +€26,777 | |
| Current assets | 29/58 | €6,224 | €10,973 | +€4,749 | +76.3% |
| Amounts receivable within one year | 40/41 | €4,692 | €7,224 | +€2,533 | +54.0% |
| Trade receivables | 40 | €3,184 | €2,164 | -€1,020 | -32.0% |
| Other amounts receivable | 41 | €1,507 | €5,060 | +€3,553 | +236% |
| Cash at bank and in hand | 54/58 | €1,532 | €3,749 | +€2,216 | +145% |
| Total equity and liabilities | 10/49 | €6,224 | €38,628 | +€32,404 | +521% |
| Equity | 10/15 | €4,724 | €11,262 | +€6,538 | +138% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,620 | €2,620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €760 | €760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,096 | €2,442 | +€6,538 | |
| Amounts payable | 17/49 | €1,500 | €27,366 | +€25,866 | +1,724% |
| Amounts payable within one year | 42/48 | €1,500 | €27,366 | +€25,866 | +1,724% |
| Financial debts | 43 | - | €26,693 | +€26,693 | |
| Credit institutions | 430/8 | - | €26,693 | +€26,693 | |
| Trade debts | 44 | €41 | €55 | +€14 | +35.1% |
| Suppliers | 440/4 | €41 | €55 | +€14 | +35.1% |
| Taxes, remuneration and social security | 45 | €1,141 | €160 | -€980 | -85.9% |
| Taxes | 450/3 | €1,141 | €160 | -€980 | -85.9% |
| Other amounts payable | 47/48 | €318 | €458 | +€140 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €460 | +€460 | |
| Other operating charges | 640/8 | €515 | €128 | -€387 | -75.2% |
| Gross operating margin | 9900 | -€3,996 | €7,531 | +€11,526 | |
| Operating profit (loss) | 9901 | -€4,511 | €6,944 | +€11,454 | |
| Financial income | 75/76B | €3 | €17 | +€14 | +466% |
| Recurring financial income | 75 | €3 | €17 | +€14 | +466% |
| Financial charges | 65/66B | €199 | €422 | +€223 | +112% |
| Recurring financial charges | 65 | €199 | €422 | +€223 | +112% |
| Profit (loss) for the period before taxes | 9903 | -€4,707 | €6,538 | +€11,245 | |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€4,707 | €6,538 | +€11,245 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,707 | €6,538 | +€11,245 |
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 13 October 2026 via checked.be.