AGEDELL: 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.
AGEDELL
Largest movements
- Cash +€205,450
up €205,450 (+208.7%), from €98,432 to €303,882
mainly Receivables within one year (+€202,685) and Net result for the year (+€39,875)
- Receivables within one year -€202,685
down €202,685 (-76.8%), from €263,981 to €61,296
of which Trade receivables: -€202,701
- Tangible fixed assets -€15,705
down €15,705 (-43.7%), from €35,954 to €20,249
of which Land and buildings: -€8,424
- Trade debts -€36,233
down €36,233 (-54.7%), from €66,253 to €30,020
- Reserves +€20,875
up €20,875 (+10.1%), from €205,749 to €226,624
of which Distributable reserves: +€20,875
- Other debts +€12,553
up €12,553 (+13.0%), from €96,441 to €108,995
- Tax, wage and social debts -€11,881
down €11,881 (-16.5%), from €71,942 to €60,062
of which Taxes: -€9,076
- Gross operating margin -€6,296
down €6,296 (-4.0%), from €157,651 to €151,355
- Staff costs +€2,134
up €2,134 (+3.7%), from €57,314 to €59,448
- Depreciation -€2,084
down €2,084 (-8.8%), from €23,585 to €21,501
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 | €460,664 | €447,722 | -€12,942 | -2.8% |
| Fixed assets | 21/28 | €35,954 | €20,249 | -€15,705 | -43.7% |
| Tangible fixed assets | 22/27 | €35,954 | €20,249 | -€15,705 | -43.7% |
| Land and buildings | 22 | €18,049 | €9,625 | -€8,424 | -46.7% |
| Plant, machinery and equipment | 23 | €7,721 | €8,182 | +€462 | +6.0% |
| Furniture and vehicles | 24 | €10,185 | €2,442 | -€7,743 | -76.0% |
| Current assets | 29/58 | €424,710 | €427,473 | +€2,763 | +0.7% |
| Stocks and contracts in progress | 3 | €60,000 | €62,120 | +€2,120 | +3.5% |
| Stocks | 30/36 | €60,000 | €62,120 | +€2,120 | +3.5% |
| Amounts receivable within one year | 40/41 | €263,981 | €61,296 | -€202,685 | -76.8% |
| Trade receivables | 40 | €263,659 | €60,958 | -€202,701 | -76.9% |
| Other amounts receivable | 41 | €322 | €338 | +€16 | +4.9% |
| Cash at bank and in hand | 54/58 | €98,432 | €303,882 | +€205,450 | +208.7% |
| Deferred charges and accrued income | 490/1 | €2,297 | €175 | -€2,122 | -92.4% |
| Total equity and liabilities | 10/49 | €460,664 | €447,722 | -€12,942 | -2.8% |
| Equity | 10/15 | €223,639 | €244,514 | +€20,875 | +9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €205,749 | €226,624 | +€20,875 | +10.1% |
| 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 | €203,889 | €224,764 | +€20,875 | +10.2% |
| Profit (loss) carried forward | 14 | €5,490 | €5,490 | = | 0.0% |
| Amounts payable | 17/49 | €237,024 | €203,207 | -€33,817 | -14.3% |
| Amounts payable within one year | 42/48 | €236,637 | €199,077 | -€37,561 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €66,253 | €30,020 | -€36,233 | -54.7% |
| Suppliers | 440/4 | €66,253 | €30,020 | -€36,233 | -54.7% |
| Advances received on contracts in progress | 46 | €2,000 | €0 | -€2,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €71,942 | €60,062 | -€11,881 | -16.5% |
| Taxes | 450/3 | €52,054 | €42,979 | -€9,076 | -17.4% |
| Remuneration and social security | 454/9 | €19,888 | €17,083 | -€2,805 | -14.1% |
| Other amounts payable | 47/48 | €96,441 | €108,995 | +€12,553 | +13.0% |
| Accrued charges and deferred income | 492/3 | €387 | €4,131 | +€3,744 | +966.5% |
| Non-recurring operating income | 76A | €8,264 | €0 | -€8,264 | -100.0% |
| Remuneration, social security and pensions | 62 | €57,314 | €59,448 | +€2,134 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,585 | €21,501 | -€2,084 | -8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,360 | €2,524 | +€163 | +6.9% |
| Gross operating margin | 9900 | €157,651 | €151,355 | -€6,296 | -4.0% |
| Operating profit (loss) | 9901 | €74,392 | €67,883 | -€6,509 | -8.7% |
| Financial income | 75/76B | €0 | €180 | +€179 | +224337.5% |
| Recurring financial income | 75 | €0 | €180 | +€179 | +224337.5% |
| Financial charges | 65/66B | €5,595 | €6,632 | +€1,037 | +18.5% |
| Recurring financial charges | 65 | €5,595 | €6,632 | +€1,037 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €68,797 | €61,430 | -€7,367 | -10.7% |
| Income taxes | 67/77 | €22,943 | €21,555 | -€1,389 | -6.1% |
| Profit (loss) for the period | 9904 | €45,853 | €39,875 | -€5,978 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,853 | €39,875 | -€5,978 | -13.0% |
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 10 October 2026 via checked.be.