AGEDEXT: 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.
AGEDEXT
Largest movements
- Cash +€401,493
up €401,493 (+286.1%), from €140,351 to €541,844
mainly Current investments (+€400,000) and Net result for the year (+€85,410)
- Current investments -€400,000
no longer reported in 2025 (was €400,000)
- Receivables within one year +€19,576
up €19,576 (+25.0%), from €78,431 to €98,007
of which Other amounts receivable: +€17,567
- Tangible fixed assets -€16,739
down €16,739 (-25.3%), from €66,272 to €49,533
- Profit (loss) carried forward +€77,410
up €77,410 (+24.6%), from €314,905 to €392,316
- Reserves -€70,000
down €70,000 (-25.8%), from €270,930 to €200,930
of which Distributable reserves: -€70,000
- Debts after one year -€13,111
down €13,111 (-37.8%), from €34,644 to €21,533
- Tax, wage and social debts +€10,353
up €10,353 (+74.1%), from €13,971 to €24,324
of which Remuneration and social security: +€9,806
- Other debts +€8,000
new in 2025: €8,000
- Gross operating margin +€45,085
up €45,085 (+21.2%), from €212,303 to €257,389
- Staff costs +€18,711
up €18,711 (+17.3%), from €108,124 to €126,836
- Depreciation +€3,336
up €3,336 (+24.9%), from €13,403 to €16,739
- Financial income -€3,247
down €3,247 (-42.5%), from €7,646 to €4,399
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 | €687,149 | €691,883 | +€4,734 | +0.7% |
| Fixed assets | 21/28 | €66,272 | €49,533 | -€16,739 | -25.3% |
| Tangible fixed assets | 22/27 | €66,272 | €49,533 | -€16,739 | -25.3% |
| Furniture and vehicles | 24 | €66,272 | €49,533 | -€16,739 | -25.3% |
| Current assets | 29/58 | €620,877 | €642,350 | +€21,473 | +3.5% |
| Stocks and contracts in progress | 3 | €2,095 | €2,499 | +€404 | +19.3% |
| Stocks | 30/36 | €2,095 | €2,499 | +€404 | +19.3% |
| Amounts receivable within one year | 40/41 | €78,431 | €98,007 | +€19,576 | +25.0% |
| Trade receivables | 40 | €33,243 | €35,251 | +€2,009 | +6.0% |
| Other amounts receivable | 41 | €45,189 | €62,756 | +€17,567 | +38.9% |
| Current investments | 50/53 | €400,000 | - | -€400,000 | |
| Cash at bank and in hand | 54/58 | €140,351 | €541,844 | +€401,493 | +286.1% |
| Total equity and liabilities | 10/49 | €687,149 | €691,883 | +€4,734 | +0.7% |
| Equity | 10/15 | €604,435 | €611,846 | +€7,410 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €270,930 | €200,930 | -€70,000 | -25.8% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Reserves not available under the articles | 1311 | €930 | €930 | = | 0.0% |
| Distributable reserves | 133 | €270,000 | €200,000 | -€70,000 | -25.9% |
| Profit (loss) carried forward | 14 | €314,905 | €392,316 | +€77,410 | +24.6% |
| Amounts payable | 17/49 | €82,713 | €80,037 | -€2,677 | -3.2% |
| Amounts payable after more than one year | 17 | €34,644 | €21,533 | -€13,111 | -37.8% |
| Financial debts | 170/4 | €34,644 | €21,533 | -€13,111 | -37.8% |
| Amounts payable within one year | 42/48 | €48,070 | €58,457 | +€10,388 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €12,615 | €13,111 | +€496 | +3.9% |
| Trade debts | 44 | €20,340 | €12,953 | -€7,387 | -36.3% |
| Suppliers | 440/4 | €20,340 | €12,953 | -€7,387 | -36.3% |
| Advances received on contracts in progress | 46 | €1,144 | €70 | -€1,075 | -93.9% |
| Taxes, remuneration and social security | 45 | €13,971 | €24,324 | +€10,353 | +74.1% |
| Taxes | 450/3 | €2,357 | €2,904 | +€547 | +23.2% |
| Remuneration and social security | 454/9 | €11,614 | €21,420 | +€9,806 | +84.4% |
| Other amounts payable | 47/48 | - | €8,000 | +€8,000 | |
| Accrued charges and deferred income | 492/3 | - | €46 | +€46 | |
| Remuneration, social security and pensions | 62 | €108,124 | €126,836 | +€18,711 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,403 | €16,739 | +€3,336 | +24.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €562 | €1,192 | +€629 | +111.9% |
| Other operating charges | 640/8 | €1,339 | €1,028 | -€311 | -23.2% |
| Gross operating margin | 9900 | €212,303 | €257,389 | +€45,085 | +21.2% |
| Operating profit (loss) | 9901 | €88,875 | €111,595 | +€22,719 | +25.6% |
| Financial income | 75/76B | €7,646 | €4,399 | -€3,247 | -42.5% |
| Recurring financial income | 75 | €7,646 | €4,399 | -€3,247 | -42.5% |
| Financial charges | 65/66B | €2,580 | €1,654 | -€926 | -35.9% |
| Recurring financial charges | 65 | €2,580 | €1,654 | -€926 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €93,941 | €114,339 | +€20,398 | +21.7% |
| Income taxes | 67/77 | €28,556 | €28,929 | +€373 | +1.3% |
| Profit (loss) for the period | 9904 | €65,385 | €85,410 | +€20,025 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,385 | €85,410 | +€20,025 | +30.6% |
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 2 October 2026 via checked.be.