AGECO: 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.
AGECO
Largest movements
- Receivables within one year -€333,817
down €333,817 (-46.0%), from €725,421 to €391,604
of which Other amounts receivable: -€345,000
- Current investments +€235,000
up €235,000 (+58.8%), from €400,000 to €635,000
- Cash -€79,603
down €79,603 (-49.0%), from €162,399 to €82,797
mainly Contributions, distributions and other (-€251,829) and Current investments (-€235,000)
- Tangible fixed assets -€43,114
down €43,114 (-7.9%), from €546,748 to €503,635
of which Land and buildings: -€24,706
- Reserves -€223,343
down €223,343 (-19.6%), from €1.1m to €914,526
- Depreciation -€25,188
down €25,188 (-36.9%), from €68,301 to €43,114
- Financial income -€6,739
down €6,739 (-11.8%), from €57,101 to €50,363
- Gross operating margin -€4,603
down €4,603 (-8.4%), from €54,609 to €50,006
- Taxes +€4,421
up €4,421 (+25.9%), from €17,057 to €21,478
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 | €1,837,597 | €1,617,613 | -€219,983 | -12.0% |
| Fixed assets | 21/28 | €546,748 | €503,635 | -€43,114 | -7.9% |
| Tangible fixed assets | 22/27 | €546,748 | €503,635 | -€43,114 | -7.9% |
| Land and buildings | 22 | €518,331 | €493,625 | -€24,706 | -4.8% |
| Plant, machinery and equipment | 23 | €2,202 | €821 | -€1,382 | -62.7% |
| Furniture and vehicles | 24 | €26,215 | €9,189 | -€17,026 | -64.9% |
| Current assets | 29/58 | €1,290,848 | €1,113,979 | -€176,870 | -13.7% |
| Amounts receivable within one year | 40/41 | €725,421 | €391,604 | -€333,817 | -46.0% |
| Trade receivables | 40 | €421 | €11,604 | +€11,183 | +2,657% |
| Other amounts receivable | 41 | €725,000 | €380,000 | -€345,000 | -47.6% |
| Current investments | 50/53 | €400,000 | €635,000 | +€235,000 | +58.8% |
| Cash at bank and in hand | 54/58 | €162,399 | €82,797 | -€79,603 | -49.0% |
| Deferred charges and accrued income | 490/1 | €3,028 | €4,578 | +€1,550 | +51.2% |
| Total equity and liabilities | 10/49 | €1,837,597 | €1,617,613 | -€219,983 | -12.0% |
| Equity | 10/15 | €1,825,451 | €1,602,108 | -€223,343 | -12.2% |
| Contributions | 10/11 | €687,582 | €687,582 | = | 0.0% |
| Reserves | 13 | €1,137,869 | €914,526 | -€223,343 | -19.6% |
| Distributable reserves | 133 | €1,137,869 | €914,526 | -€223,343 | -19.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,146 | €15,505 | +€3,359 | +27.7% |
| Amounts payable within one year | 42/48 | €11,788 | €14,702 | +€2,914 | +24.7% |
| Trade debts | 44 | €1,481 | €4,533 | +€3,052 | +206% |
| Suppliers | 440/4 | €1,481 | €4,533 | +€3,052 | +206% |
| Taxes, remuneration and social security | 45 | €10,307 | €10,169 | -€138 | -1.3% |
| Taxes | 450/3 | €10,307 | €10,169 | -€138 | -1.3% |
| Accrued charges and deferred income | 492/3 | €357 | €803 | +€445 | +125% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,301 | €43,114 | -€25,188 | -36.9% |
| Other operating charges | 640/8 | €6,427 | €6,738 | +€310 | +4.8% |
| Gross operating margin | 9900 | €54,609 | €50,006 | -€4,603 | -8.4% |
| Operating profit (loss) | 9901 | -€20,120 | €155 | +€20,275 | |
| Financial income | 75/76B | €57,101 | €50,363 | -€6,739 | -11.8% |
| Recurring financial income | 75 | €57,101 | €50,363 | -€6,739 | -11.8% |
| Financial charges | 65/66B | €100 | €553 | +€453 | +452% |
| Recurring financial charges | 65 | €100 | €553 | +€453 | +452% |
| Profit (loss) for the period before taxes | 9903 | €36,881 | €49,964 | +€13,083 | +35.5% |
| Income taxes | 67/77 | €17,057 | €21,478 | +€4,421 | +25.9% |
| Profit (loss) for the period | 9904 | €19,824 | €28,486 | +€8,662 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,824 | €28,486 | +€8,662 | +43.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.