AGEDA: 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.
AGEDA
Largest movements
- Tangible fixed assets -€21,054
down €21,054 (-14.4%), from €146,271 to €125,218
of which Land and buildings: -€21,024
- Deferred charges and accrued income +€5,060
up €5,060 (+928%), from €545 to €5,605
- Cash +€2,506
up €2,506 (+19.1%), from €13,086 to €15,591
mainly Depreciation (+€21,054) and Other debts (+€2,327)
- Profit (loss) carried forward -€15,720
down €15,720 (-1.1%), from -€1.5m to -€1.5m
- Other debts +€2,327
up €2,327 (+0.2%), from €1.4m to €1.4m
- Gross operating margin +€3,233
up €3,233 (+48.2%), from €6,708 to €9,942
- Depreciation -€293
down €293 (-1.4%), from €21,347 to €21,054
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 | €159,974 | €146,486 | -€13,488 | -8.4% |
| Fixed assets | 21/28 | €146,343 | €125,290 | -€21,054 | -14.4% |
| Tangible fixed assets | 22/27 | €146,271 | €125,218 | -€21,054 | -14.4% |
| Land and buildings | 22 | €146,241 | €125,218 | -€21,024 | -14.4% |
| Furniture and vehicles | 24 | €30 | - | -€30 | |
| Financial fixed assets | 28 | €72 | €72 | = | 0.0% |
| Current assets | 29/58 | €13,631 | €21,196 | +€7,565 | +55.5% |
| Cash at bank and in hand | 54/58 | €13,086 | €15,591 | +€2,506 | +19.1% |
| Deferred charges and accrued income | 490/1 | €545 | €5,605 | +€5,060 | +928% |
| Total equity and liabilities | 10/49 | €159,974 | €146,486 | -€13,488 | -8.4% |
| Equity | 10/15 | -€1,261,701 | -€1,277,421 | -€15,720 | -1.2% |
| Contributions | 10/11 | €199,306 | €199,306 | = | 0.0% |
| Capital | 10 | €199,306 | €199,306 | = | 0.0% |
| Issued capital | 100 | €199,306 | €199,306 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,461,008 | -€1,476,727 | -€15,720 | -1.1% |
| Amounts payable | 17/49 | €1,421,675 | €1,423,907 | +€2,232 | +0.2% |
| Amounts payable within one year | 42/48 | €1,421,675 | €1,423,907 | +€2,232 | +0.2% |
| Trade debts | 44 | €200 | €105 | -€95 | -47.5% |
| Suppliers | 440/4 | €200 | €105 | -€95 | -47.5% |
| Other amounts payable | 47/48 | €1,421,475 | €1,423,802 | +€2,327 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,347 | €21,054 | -€293 | -1.4% |
| Other operating charges | 640/8 | €4,549 | €4,457 | -€91 | -2.0% |
| Gross operating margin | 9900 | €6,708 | €9,942 | +€3,233 | +48.2% |
| Operating profit (loss) | 9901 | -€19,187 | -€15,569 | +€3,618 | +18.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.4% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,322 | -€15,720 | +€3,602 | +18.6% |
| Profit (loss) for the period | 9904 | -€19,322 | -€15,720 | +€3,602 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,322 | -€15,720 | +€3,602 | +18.6% |
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 14 October 2026 via checked.be.