AGELEC SERVICES: 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.
AGELEC SERVICES
Largest movements
- Tangible fixed assets -€147,847
down €147,847 (-53.4%), from €276,709 to €128,862
of which Land and buildings: -€164,939
- Receivables within one year +€120,489
up €120,489 (+518.1%), from €23,258 to €143,747
of which Trade receivables: +€96,603
- Deferred charges and accrued income -€26,083
down €26,083 (-60.4%), from €43,154 to €17,071
- Debts after one year -€124,909
down €124,909 (-40.9%), from €305,758 to €180,849
of which Financial debts: -€181,453
- Trade debts +€84,254
new in 2025: €84,254
- Tax, wage and social debts -€29,303
down €29,303 (-92.1%), from €31,803 to €2,500
of which Taxes: -€22,912
- Short-term financial debts +€27,370
up €27,370 (+114.2%), from €23,961 to €51,331
- Profit (loss) carried forward -€21,559
down €21,559 (-53.0%), from -€40,693 to -€62,252
- Gross operating margin +€74,109
up €74,109, from -€54,481 to €19,628
- Financial charges +€10,329
up €10,329 (+72.7%), from €14,204 to €24,533
- Other operating charges +€5,704
new in 2025: €5,704
- Depreciation -€3,825
down €3,825 (-25.1%), from €15,255 to €11,430
- Taxes -€1,996
down €1,996, from €984 to -€1,012
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 | €343,121 | €290,135 | -€52,986 | -15.4% |
| Fixed assets | 21/28 | €276,709 | €128,862 | -€147,847 | -53.4% |
| Tangible fixed assets | 22/27 | €276,709 | €128,862 | -€147,847 | -53.4% |
| Land and buildings | 22 | €275,439 | €110,500 | -€164,939 | -59.9% |
| Furniture and vehicles | 24 | €1,270 | €18,362 | +€17,092 | +1345.8% |
| Current assets | 29/58 | €66,412 | €161,273 | +€94,861 | +142.8% |
| Amounts receivable within one year | 40/41 | €23,258 | €143,747 | +€120,489 | +518.1% |
| Trade receivables | 40 | €7,550 | €104,153 | +€96,603 | +1279.5% |
| Other amounts receivable | 41 | €15,708 | €39,594 | +€23,886 | +152.1% |
| Cash at bank and in hand | 54/58 | - | €455 | +€455 | |
| Deferred charges and accrued income | 490/1 | €43,154 | €17,071 | -€26,083 | -60.4% |
| Total equity and liabilities | 10/49 | €343,121 | €290,135 | -€52,986 | -15.4% |
| Equity | 10/15 | -€28,833 | -€50,392 | -€21,559 | -74.8% |
| Contributions | 10/11 | €11,860 | €10,000 | -€1,860 | -15.7% |
| Reserves | 13 | - | €1,860 | +€1,860 | |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€40,693 | -€62,252 | -€21,559 | -53.0% |
| Amounts payable | 17/49 | €371,954 | €340,527 | -€31,427 | -8.4% |
| Amounts payable after more than one year | 17 | €305,758 | €180,849 | -€124,909 | -40.9% |
| Financial debts | 170/4 | €305,758 | €124,305 | -€181,453 | -59.3% |
| Other amounts payable | 178/9 | - | €56,544 | +€56,544 | |
| Amounts payable within one year | 42/48 | €66,196 | €150,951 | +€84,755 | +128.0% |
| Current portion of amounts payable after more than one year | 42 | €10,432 | €12,866 | +€2,434 | +23.3% |
| Financial debts | 43 | €23,961 | €51,331 | +€27,370 | +114.2% |
| Credit institutions | 430/8 | €23,961 | €51,331 | +€27,370 | +114.2% |
| Trade debts | 44 | - | €84,254 | +€84,254 | |
| Suppliers | 440/4 | - | €84,254 | +€84,254 | |
| Taxes, remuneration and social security | 45 | €31,803 | €2,500 | -€29,303 | -92.1% |
| Taxes | 450/3 | €22,912 | €0 | -€22,912 | -100.0% |
| Remuneration and social security | 454/9 | €8,891 | €2,500 | -€6,391 | -71.9% |
| Accrued charges and deferred income | 492/3 | - | €8,727 | +€8,727 | |
| Remuneration, social security and pensions | 62 | €1,025 | €533 | -€492 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,255 | €11,430 | -€3,825 | -25.1% |
| Other operating charges | 640/8 | - | €5,704 | +€5,704 | |
| Gross operating margin | 9900 | -€54,481 | €19,628 | +€74,109 | |
| Operating profit (loss) | 9901 | -€70,761 | €1,962 | +€72,723 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -88.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -88.0% |
| Financial charges | 65/66B | €14,204 | €24,533 | +€10,329 | +72.7% |
| Recurring financial charges | 65 | €14,204 | €24,533 | +€10,329 | +72.7% |
| Profit (loss) for the period before taxes | 9903 | -€84,964 | -€22,571 | +€62,393 | +73.4% |
| Income taxes | 67/77 | €984 | -€1,012 | -€1,996 | |
| Profit (loss) for the period | 9904 | -€85,948 | -€21,559 | +€64,389 | +74.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,948 | -€21,559 | +€64,389 | +74.9% |
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 11 October 2026 via checked.be.