AGEH: 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.
AGEH
Largest movements
- Receivables within one year -€17,781
down €17,781 (-85.7%), from €20,750 to €2,969
of which Other amounts receivable: -€17,881
- Profit (loss) carried forward -€66,619
down €66,619 (-19.6%), from -€339,733 to -€406,352
- Current portion of long-term debt +€36,604
new in 2025: €36,604
- Other debts -€20,000
down €20,000 (-100%), from €20,000 to €0
- Debts after one year +€19,889
up €19,889 (+1.1%), from €1.8m to €1.8m
of which Other amounts payable: +€77,000
- Financial charges -€17,924
down €17,924 (-27.5%), from €65,194 to €47,269
- Gross operating margin +€7,886
up €7,886 (+29.1%), from €27,080 to €34,966
- Depreciation +€7,705
up €7,705 (+18.1%), from €42,677 to €50,381
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 | €1,546,774 | €1,517,062 | -€29,712 | -1.9% |
| Fixed assets | 21/28 | €1,525,406 | €1,513,579 | -€11,826 | -0.8% |
| Tangible fixed assets | 22/27 | €1,525,406 | €1,513,579 | -€11,826 | -0.8% |
| Land and buildings | 22 | €1,525,406 | €1,513,579 | -€11,826 | -0.8% |
| Current assets | 29/58 | €21,369 | €3,483 | -€17,886 | -83.7% |
| Amounts receivable within one year | 40/41 | €20,750 | €2,969 | -€17,781 | -85.7% |
| Trade receivables | 40 | - | €100 | +€100 | |
| Other amounts receivable | 41 | €20,750 | €2,869 | -€17,881 | -86.2% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €619 | €514 | -€105 | -17.0% |
| Total equity and liabilities | 10/49 | €1,546,774 | €1,517,062 | -€29,712 | -1.9% |
| Equity | 10/15 | -€336,433 | -€403,052 | -€66,619 | -19.8% |
| Contributions | 10/11 | €3,300 | €3,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€339,733 | -€406,352 | -€66,619 | -19.6% |
| Amounts payable | 17/49 | €1,883,208 | €1,920,114 | +€36,906 | +2.0% |
| Amounts payable after more than one year | 17 | €1,772,770 | €1,792,659 | +€19,889 | +1.1% |
| Financial debts | 170/4 | €1,100,000 | €1,042,889 | -€57,111 | -5.2% |
| Other amounts payable | 178/9 | €672,770 | €749,770 | +€77,000 | +11.4% |
| Amounts payable within one year | 42/48 | €110,438 | €127,455 | +€17,017 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | - | €36,604 | +€36,604 | |
| Financial debts | 43 | €2,633 | €5,009 | +€2,376 | +90.2% |
| Credit institutions | 430/8 | €2,633 | €5,009 | +€2,376 | +90.2% |
| Trade debts | 44 | €87,805 | €85,843 | -€1,963 | -2.2% |
| Suppliers | 440/4 | €87,805 | €85,843 | -€1,963 | -2.2% |
| Other amounts payable | 47/48 | €20,000 | €0 | -€20,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,677 | €50,381 | +€7,705 | +18.1% |
| Other operating charges | 640/8 | €3,813 | €3,934 | +€121 | +3.2% |
| Gross operating margin | 9900 | €27,080 | €34,966 | +€7,886 | +29.1% |
| Operating profit (loss) | 9901 | -€19,410 | -€19,349 | +€61 | +0.3% |
| Financial charges | 65/66B | €65,194 | €47,269 | -€17,924 | -27.5% |
| Recurring financial charges | 65 | €65,194 | €47,269 | -€17,924 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | -€84,604 | -€66,619 | +€17,986 | +21.3% |
| Profit (loss) for the period | 9904 | -€84,604 | -€66,619 | +€17,986 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,604 | -€66,619 | +€17,986 | +21.3% |
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 25 October 2026 via checked.be.