AGEMTA: 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.
AGEMTA
Largest movements
- Cash +€22,294
up €22,294 (+33.8%), from €66,041 to €88,335
mainly Net result for the year (+€22,135) and Depreciation (+€3,545)
- Tangible fixed assets +€2,705
up €2,705 (+20.1%), from €13,426 to €16,130
of which Plant, machinery and equipment: +€10,764
- Receivables within one year +€1,531
up €1,531 (+11.6%), from €13,224 to €14,755
of which Trade receivables: +€1,533
- Reserves +€22,135
up €22,135 (+22.2%), from €99,901 to €122,036
- Other debts +€1,445
up €1,445 (+65.9%), from €2,192 to €3,638
- Gross operating margin +€13,347
up €13,347 (+53.3%), from €25,024 to €38,371
- Financial charges +€1,407
up €1,407 (+2095.2%), from €67 to €1,474
- Taxes +€1,351
up €1,351 (+16.0%), from €8,427 to €9,778
- Financial income -€1,109
down €1,109 (-91.9%), from €1,206 to €97
- Other operating charges +€553
up €553 (+56.2%), from €983 to €1,536
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 | €118,868 | €144,221 | +€25,353 | +21.3% |
| Fixed assets | 21/28 | €13,426 | €16,130 | +€2,705 | +20.1% |
| Tangible fixed assets | 22/27 | €13,426 | €16,130 | +€2,705 | +20.1% |
| Land and buildings | 22 | €4,064 | €3,438 | -€626 | -15.4% |
| Plant, machinery and equipment | 23 | €0 | €10,764 | +€10,764 | |
| Furniture and vehicles | 24 | €9,362 | €1,928 | -€7,434 | -79.4% |
| Current assets | 29/58 | €105,442 | €128,090 | +€22,648 | +21.5% |
| Amounts receivable within one year | 40/41 | €13,224 | €14,755 | +€1,531 | +11.6% |
| Trade receivables | 40 | €13,222 | €14,755 | +€1,533 | +11.6% |
| Other amounts receivable | 41 | €2 | €0 | -€2 | -100.0% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,041 | €88,335 | +€22,294 | +33.8% |
| Deferred charges and accrued income | 490/1 | €1,176 | €0 | -€1,176 | -100.0% |
| Total equity and liabilities | 10/49 | €118,868 | €144,221 | +€25,353 | +21.3% |
| Equity | 10/15 | €106,401 | €128,536 | +€22,135 | +20.8% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €99,901 | €122,036 | +€22,135 | +22.2% |
| Distributable reserves | 133 | €99,901 | €122,036 | +€22,135 | +22.2% |
| Amounts payable | 17/49 | €12,467 | €15,685 | +€3,218 | +25.8% |
| Amounts payable within one year | 42/48 | €12,467 | €15,685 | +€3,218 | +25.8% |
| Trade debts | 44 | €776 | €1,128 | +€352 | +45.3% |
| Suppliers | 440/4 | €776 | €1,128 | +€352 | +45.3% |
| Taxes, remuneration and social security | 45 | €9,498 | €10,919 | +€1,421 | +15.0% |
| Taxes | 450/3 | €9,498 | €10,919 | +€1,421 | +15.0% |
| Other amounts payable | 47/48 | €2,192 | €3,638 | +€1,445 | +65.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,213 | €3,545 | +€332 | +10.3% |
| Other operating charges | 640/8 | €983 | €1,536 | +€553 | +56.2% |
| Gross operating margin | 9900 | €25,024 | €38,371 | +€13,347 | +53.3% |
| Operating profit (loss) | 9901 | €20,828 | €33,289 | +€12,462 | +59.8% |
| Financial income | 75/76B | €1,206 | €97 | -€1,109 | -91.9% |
| Recurring financial income | 75 | €1,206 | €97 | -€1,109 | -91.9% |
| Financial charges | 65/66B | €67 | €1,474 | +€1,407 | +2095.2% |
| Recurring financial charges | 65 | €67 | €1,474 | +€1,407 | +2095.2% |
| Profit (loss) for the period before taxes | 9903 | €21,967 | €31,912 | +€9,946 | +45.3% |
| Income taxes | 67/77 | €8,427 | €9,778 | +€1,351 | +16.0% |
| Profit (loss) for the period | 9904 | €13,540 | €22,135 | +€8,595 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,540 | €22,135 | +€8,595 | +63.5% |
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 5 October 2026 via checked.be.