AgEM: 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.
AgEM
Largest movements
- Cash -€15,873
down €15,873 (-29.0%), from €54,702 to €38,829
mainly Net result for the year (-€10,437) and Tax, wage and social debts (-€9,842)
- Receivables within one year -€3,185
down €3,185 (-20.8%), from €15,342 to €12,157
of which Trade receivables: -€15,071
- Tangible fixed assets +€937
up €937 (+178.4%), from €525 to €1,462
of which Plant, machinery and equipment: +€1,240
- Reserves -€10,437
down €10,437 (-29.3%), from €35,639 to €25,202
- Tax, wage and social debts -€9,842
down €9,842 (-100.0%), from €9,842 to €0
- Other debts +€2,648
up €2,648 (+13.3%), from €19,938 to €22,585
- Gross operating margin -€47,715
down €47,715, from €40,316 to -€7,400
- Taxes -€7,593
down €7,593 (-98.2%), from €7,729 to €136
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 | €71,344 | €53,214 | -€18,129 | -25.4% |
| Fixed assets | 21/28 | €525 | €1,462 | +€937 | +178.4% |
| Tangible fixed assets | 22/27 | €525 | €1,462 | +€937 | +178.4% |
| Plant, machinery and equipment | 23 | - | €1,240 | +€1,240 | |
| Furniture and vehicles | 24 | €525 | €222 | -€303 | -57.7% |
| Current assets | 29/58 | €70,819 | €51,752 | -€19,066 | -26.9% |
| Amounts receivable within one year | 40/41 | €15,342 | €12,157 | -€3,185 | -20.8% |
| Trade receivables | 40 | €15,071 | €0 | -€15,071 | -100.0% |
| Other amounts receivable | 41 | €271 | €12,157 | +€11,885 | +4380.9% |
| Cash at bank and in hand | 54/58 | €54,702 | €38,829 | -€15,873 | -29.0% |
| Deferred charges and accrued income | 490/1 | €775 | €767 | -€8 | -1.0% |
| Total equity and liabilities | 10/49 | €71,344 | €53,214 | -€18,129 | -25.4% |
| Equity | 10/15 | €38,639 | €28,202 | -€10,437 | -27.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,639 | €25,202 | -€10,437 | -29.3% |
| Distributable reserves | 133 | €35,639 | €25,202 | -€10,437 | -29.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,705 | €25,012 | -€7,693 | -23.5% |
| Amounts payable within one year | 42/48 | €32,705 | €25,012 | -€7,693 | -23.5% |
| Trade debts | 44 | €2,925 | €2,427 | -€498 | -17.0% |
| Suppliers | 440/4 | €2,925 | €2,427 | -€498 | -17.0% |
| Taxes, remuneration and social security | 45 | €9,842 | €0 | -€9,842 | -100.0% |
| Taxes | 450/3 | €9,842 | €0 | -€9,842 | -100.0% |
| Other amounts payable | 47/48 | €19,938 | €22,585 | +€2,648 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303 | €550 | +€247 | +81.6% |
| Other operating charges | 640/8 | €361 | €371 | +€10 | +2.8% |
| Gross operating margin | 9900 | €40,316 | -€7,400 | -€47,715 | |
| Operating profit (loss) | 9901 | €39,652 | -€8,321 | -€47,973 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €2,277 | €1,980 | -€298 | -13.1% |
| Recurring financial charges | 65 | €2,277 | €1,980 | -€298 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €37,375 | -€10,300 | -€47,675 | |
| Income taxes | 67/77 | €7,729 | €136 | -€7,593 | -98.2% |
| Profit (loss) for the period | 9904 | €29,646 | -€10,437 | -€40,082 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,646 | -€10,437 | -€40,082 |
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 29 September 2026 via checked.be.