AGEDI BRUSSELS: 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.
AGEDI BRUSSELS
Largest movements
- Cash -€104,392
down €104,392 (-78.6%), from €132,734 to €28,342
mainly Investment in fixed assets (net) (-€102,639) and Net result for the year (-€13,226)
- Tangible fixed assets +€71,319
up €71,319 (+33.7%), from €211,707 to €283,026
of which Other tangible fixed assets: +€82,714
- Profit (loss) carried forward -€13,226
down €13,226 (-13.7%), from €96,886 to €83,660
- Tax, wage and social debts -€9,013
down €9,013 (-96.3%), from €9,355 to €342
- Trade debts -€7,044
down €7,044 (-81.9%), from €8,601 to €1,557
- Gross operating margin -€15,111
down €15,111 (-39.6%), from €38,202 to €23,091
- Turnover -€10,954
down €10,954 (-22.2%), from €49,375 to €38,421
- Depreciation +€9,198
up €9,198 (+41.6%), from €22,122 to €31,320
- Purchases and services +€4,157
up €4,157 (+37.2%), from €11,173 to €15,330
- Taxes -€1,516
no longer reported in 2025 (was €1,516)
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 | €381,268 | €351,985 | -€29,283 | -7.7% |
| Fixed assets | 21/28 | €211,707 | €283,026 | +€71,319 | +33.7% |
| Tangible fixed assets | 22/27 | €211,707 | €283,026 | +€71,319 | +33.7% |
| Land and buildings | 22 | €101,205 | €92,035 | -€9,170 | -9.1% |
| Plant, machinery and equipment | 23 | €21,667 | €19,442 | -€2,225 | -10.3% |
| Other tangible fixed assets | 26 | €88,835 | €171,549 | +€82,714 | +93.1% |
| Current assets | 29/58 | €169,561 | €68,959 | -€100,602 | -59.3% |
| Amounts receivable within one year | 40/41 | €36,827 | €40,617 | +€3,790 | +10.3% |
| Trade receivables | 40 | €12,766 | €13,714 | +€948 | +7.4% |
| Other amounts receivable | 41 | €24,061 | €26,903 | +€2,842 | +11.8% |
| Cash at bank and in hand | 54/58 | €132,734 | €28,342 | -€104,392 | -78.6% |
| Total equity and liabilities | 10/49 | €381,268 | €351,985 | -€29,283 | -7.7% |
| Equity | 10/15 | €243,312 | €230,086 | -€13,226 | -5.4% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €22,479 | €22,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Legal reserve | 130 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,886 | €83,660 | -€13,226 | -13.7% |
| Amounts payable | 17/49 | €137,956 | €121,899 | -€16,057 | -11.6% |
| Amounts payable within one year | 42/48 | €137,956 | €121,899 | -€16,057 | -11.6% |
| Trade debts | 44 | €8,601 | €1,557 | -€7,044 | -81.9% |
| Suppliers | 440/4 | €8,601 | €1,557 | -€7,044 | -81.9% |
| Taxes, remuneration and social security | 45 | €9,355 | €342 | -€9,013 | -96.3% |
| Taxes | 450/3 | €9,355 | €342 | -€9,013 | -96.3% |
| Other amounts payable | 47/48 | €120,000 | €120,000 | = | 0.0% |
| Turnover | 70 | €49,375 | €38,421 | -€10,954 | -22.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,173 | €15,330 | +€4,157 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,122 | €31,320 | +€9,198 | +41.6% |
| Other operating charges | 640/8 | €3,482 | €4,994 | +€1,512 | +43.4% |
| Gross operating margin | 9900 | €38,202 | €23,091 | -€15,111 | -39.6% |
| Operating profit (loss) | 9901 | €12,598 | -€13,223 | -€25,821 | |
| Financial income | 75/76B | €277 | €305 | +€28 | +10.1% |
| Recurring financial income | 75 | €277 | €305 | +€28 | +10.1% |
| Financial charges | 65/66B | €180 | €308 | +€128 | +71.1% |
| Recurring financial charges | 65 | €180 | €308 | +€128 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €12,695 | -€13,226 | -€25,921 | |
| Income taxes | 67/77 | €1,516 | - | -€1,516 | |
| Profit (loss) for the period | 9904 | €11,179 | -€13,226 | -€24,405 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,179 | -€13,226 | -€24,405 |
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 19 October 2026 via checked.be.