AGECCF: 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.
AGECCF
Largest movements
- Receivables within one year +€17,580
up €17,580 (+153.0%), from €11,490 to €29,071
- Tangible fixed assets -€11,829
down €11,829 (-30.2%), from €39,202 to €27,373
of which Leasing and similar rights: -€11,387
- Cash +€2,533
up €2,533 (+3.8%), from €67,202 to €69,736
mainly Net result for the year (+€56,355) and Other debts (+€13,401)
- Other debts +€13,401
up €13,401 (+25.4%), from €52,703 to €66,105
- Debts after one year -€11,590
down €11,590 (-40.8%), from €28,439 to €16,849
- Tax, wage and social debts +€4,957
up €4,957 (+67.8%), from €7,311 to €12,268
of which Taxes: +€6,057
- Gross operating margin +€19,501
up €19,501 (+27.0%), from €72,290 to €91,791
- Taxes +€4,234
up €4,234 (+26.9%), from €15,745 to €19,979
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 | €118,558 | €126,989 | +€8,431 | +7.1% |
| Fixed assets | 21/28 | €39,202 | €27,373 | -€11,829 | -30.2% |
| Tangible fixed assets | 22/27 | €39,202 | €27,373 | -€11,829 | -30.2% |
| Plant, machinery and equipment | 23 | €1,475 | €1,033 | -€442 | -30.0% |
| Leasing and similar rights | 25 | €37,726 | €26,340 | -€11,387 | -30.2% |
| Current assets | 29/58 | €79,356 | €99,616 | +€20,259 | +25.5% |
| Amounts receivable within one year | 40/41 | €11,490 | €29,071 | +€17,580 | +153.0% |
| Trade receivables | 40 | €11,490 | €29,071 | +€17,580 | +153.0% |
| Cash at bank and in hand | 54/58 | €67,202 | €69,736 | +€2,533 | +3.8% |
| Deferred charges and accrued income | 490/1 | €663 | €809 | +€146 | +22.0% |
| Total equity and liabilities | 10/49 | €118,558 | €126,989 | +€8,431 | +7.1% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €99,958 | €108,389 | +€8,431 | +8.4% |
| Amounts payable after more than one year | 17 | €28,439 | €16,849 | -€11,590 | -40.8% |
| Financial debts | 170/4 | €28,439 | €16,849 | -€11,590 | -40.8% |
| Amounts payable within one year | 42/48 | €71,519 | €91,539 | +€20,021 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €11,084 | €11,590 | +€506 | +4.6% |
| Trade debts | 44 | €420 | €1,577 | +€1,156 | +275.0% |
| Suppliers | 440/4 | €420 | €1,577 | +€1,156 | +275.0% |
| Taxes, remuneration and social security | 45 | €7,311 | €12,268 | +€4,957 | +67.8% |
| Taxes | 450/3 | €6,211 | €12,268 | +€6,057 | +97.5% |
| Remuneration and social security | 454/9 | €1,100 | - | -€1,100 | |
| Other amounts payable | 47/48 | €52,703 | €66,105 | +€13,401 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,829 | €11,829 | = | 0.0% |
| Other operating charges | 640/8 | €1,864 | €2,070 | +€206 | +11.0% |
| Gross operating margin | 9900 | €72,290 | €91,791 | +€19,501 | +27.0% |
| Operating profit (loss) | 9901 | €58,597 | €77,892 | +€19,295 | +32.9% |
| Financial income | 75/76B | €309 | €323 | +€14 | +4.5% |
| Recurring financial income | 75 | €309 | €323 | +€14 | +4.5% |
| Financial charges | 65/66B | €2,496 | €1,882 | -€614 | -24.6% |
| Recurring financial charges | 65 | €2,496 | €1,882 | -€614 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €56,410 | €76,334 | +€19,923 | +35.3% |
| Income taxes | 67/77 | €15,745 | €19,979 | +€4,234 | +26.9% |
| Profit (loss) for the period | 9904 | €40,665 | €56,355 | +€15,689 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,665 | €56,355 | +€15,689 | +38.6% |
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.