AGECI EXPERTISE: 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.
AGECI EXPERTISE
Largest movements
- Cash -€59,857
down €59,857 (-49.9%), from €119,936 to €60,079
mainly Trade debts (-€22,350) and Other debts (-€20,000)
- Deferred charges and accrued income +€17,198
up €17,198 (+3899.8%), from €441 to €17,639
- Tangible fixed assets -€7,420
down €7,420 (-60.0%), from €12,365 to €4,945
- Trade debts -€22,350
down €22,350 (-20.2%), from €110,754 to €88,404
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Tax, wage and social debts -€12,334
down €12,334 (-46.7%), from €26,424 to €14,090
of which Taxes: -€7,102
- Current portion of long-term debt +€7,151
up €7,151 (+71.7%), from €9,979 to €17,130
- Debts after one year -€3,470
down €3,470 (-10.9%), from €31,912 to €28,442
- Gross operating margin +€12,856
up €12,856 (+12.5%), from €102,837 to €115,693
- Staff costs +€11,716
up €11,716 (+12.5%), from €93,603 to €105,319
- Other operating charges +€10,336
up €10,336 (+1748.9%), from €591 to €10,927
- Financial income +€4,366
up €4,366 (+108.7%), from €4,016 to €8,382
- Taxes -€1,248
down €1,248 (-77.8%), from €1,605 to €357
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 | €272,589 | €221,035 | -€51,554 | -18.9% |
| Fixed assets | 21/28 | €82,365 | €74,945 | -€7,420 | -9.0% |
| Tangible fixed assets | 22/27 | €12,365 | €4,945 | -€7,420 | -60.0% |
| Furniture and vehicles | 24 | €12,365 | €4,945 | -€7,420 | -60.0% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €190,224 | €146,090 | -€44,134 | -23.2% |
| Amounts receivable within one year | 40/41 | €69,847 | €68,372 | -€1,475 | -2.1% |
| Trade receivables | 40 | €65,254 | €44,860 | -€20,394 | -31.3% |
| Other amounts receivable | 41 | €4,593 | €23,512 | +€18,919 | +411.9% |
| Cash at bank and in hand | 54/58 | €119,936 | €60,079 | -€59,857 | -49.9% |
| Deferred charges and accrued income | 490/1 | €441 | €17,639 | +€17,198 | +3899.8% |
| Total equity and liabilities | 10/49 | €272,589 | €221,035 | -€51,554 | -18.9% |
| Equity | 10/15 | €71,782 | €69,400 | -€2,382 | -3.3% |
| Contributions | 10/11 | €12,375 | €12,375 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,407 | €47,025 | -€2,382 | -4.8% |
| Amounts payable | 17/49 | €200,807 | €151,635 | -€49,172 | -24.5% |
| Amounts payable after more than one year | 17 | €31,912 | €28,442 | -€3,470 | -10.9% |
| Financial debts | 170/4 | €31,912 | €28,442 | -€3,470 | -10.9% |
| Amounts payable within one year | 42/48 | €167,157 | €122,879 | -€44,278 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €9,979 | €17,130 | +€7,151 | +71.7% |
| Trade debts | 44 | €110,754 | €88,404 | -€22,350 | -20.2% |
| Suppliers | 440/4 | €110,754 | €88,404 | -€22,350 | -20.2% |
| Advances received on contracts in progress | 46 | - | €3,255 | +€3,255 | |
| Taxes, remuneration and social security | 45 | €26,424 | €14,090 | -€12,334 | -46.7% |
| Taxes | 450/3 | €10,609 | €3,507 | -€7,102 | -66.9% |
| Remuneration and social security | 454/9 | €15,815 | €10,583 | -€5,232 | -33.1% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Accrued charges and deferred income | 492/3 | €1,738 | €314 | -€1,424 | -81.9% |
| Remuneration, social security and pensions | 62 | €93,603 | €105,319 | +€11,716 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,300 | €7,420 | -€880 | -10.6% |
| Other operating charges | 640/8 | €591 | €10,927 | +€10,336 | +1748.9% |
| Gross operating margin | 9900 | €102,837 | €115,693 | +€12,856 | +12.5% |
| Operating profit (loss) | 9901 | €343 | -€7,973 | -€8,316 | |
| Financial income | 75/76B | €4,016 | €8,382 | +€4,366 | +108.7% |
| Recurring financial income | 75 | €4,016 | €8,382 | +€4,366 | +108.7% |
| Financial charges | 65/66B | €2,035 | €2,434 | +€399 | +19.6% |
| Recurring financial charges | 65 | €2,035 | €2,434 | +€399 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €2,324 | -€2,025 | -€4,349 | |
| Income taxes | 67/77 | €1,605 | €357 | -€1,248 | -77.8% |
| Profit (loss) for the period | 9904 | €719 | -€2,382 | -€3,101 | |
| Profit (loss) for the period to be appropriated | 9905 | €719 | -€2,382 | -€3,101 |
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 9 October 2026 via checked.be.