AGENAM: 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.
AGENAM
Largest movements
- Tangible fixed assets +€105,092
up €105,092 (+1,670%), from €6,293 to €111,385
of which Furniture and vehicles: +€106,392
- Cash -€44,476
down €44,476 (-60.1%), from €73,991 to €29,515
mainly Investment in fixed assets (net) (-€118,152) and Net result for the year (-€47,552)
- Receivables within one year -€34,088
down €34,088 (-48.0%), from €71,083 to €36,995
- Current investments +€6,017
new in 2025: €6,017
- Debts after one year +€47,763
new in 2025: €47,763
- Profit (loss) carried forward -€47,552
down €47,552, from €31,972 to -€15,580
- Current portion of long-term debt +€16,776
new in 2025: €16,776
- Trade debts +€13,102
up €13,102 (+377%), from €3,478 to €16,581
- Tax, wage and social debts +€3,028
up €3,028 (+25.6%), from €11,812 to €14,840
of which Remuneration and social security: +€4,771
- Gross operating margin -€37,347
down €37,347 (-77.8%), from €47,993 to €10,646
- Depreciation +€8,574
up €8,574 (+191%), from €4,487 to €13,060
- Staff costs +€4,625
up €4,625 (+11.9%), from €38,856 to €43,481
- Taxes -€1,947
down €1,947 (-90.3%), from €2,155 to €208
- Financial charges +€983
up €983 (+400%), from €245 to €1,228
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 | €151,623 | €184,740 | +€33,117 | +21.8% |
| Fixed assets | 21/28 | €6,343 | €111,435 | +€105,092 | +1,657% |
| Tangible fixed assets | 22/27 | €6,293 | €111,385 | +€105,092 | +1,670% |
| Furniture and vehicles | 24 | €3,270 | €109,662 | +€106,392 | +3,253% |
| Other tangible fixed assets | 26 | €3,022 | €1,722 | -€1,300 | -43.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €145,280 | €73,306 | -€71,975 | -49.5% |
| Amounts receivable within one year | 40/41 | €71,083 | €36,995 | -€34,088 | -48.0% |
| Trade receivables | 40 | €71,083 | €36,995 | -€34,088 | -48.0% |
| Current investments | 50/53 | - | €6,017 | +€6,017 | |
| Cash at bank and in hand | 54/58 | €73,991 | €29,515 | -€44,476 | -60.1% |
| Deferred charges and accrued income | 490/1 | €206 | €778 | +€572 | +278% |
| Total equity and liabilities | 10/49 | €151,623 | €184,740 | +€33,117 | +21.8% |
| Equity | 10/15 | €136,332 | €88,780 | -€47,552 | -34.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €83,900 | €83,900 | = | 0.0% |
| Distributable reserves | 133 | €83,900 | €83,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,972 | -€15,580 | -€47,552 | |
| Amounts payable | 17/49 | €15,290 | €95,960 | +€80,669 | +528% |
| Amounts payable after more than one year | 17 | - | €47,763 | +€47,763 | |
| Financial debts | 170/4 | - | €47,763 | +€47,763 | |
| Amounts payable within one year | 42/48 | €15,290 | €48,197 | +€32,906 | +215% |
| Current portion of amounts payable after more than one year | 42 | - | €16,776 | +€16,776 | |
| Trade debts | 44 | €3,478 | €16,581 | +€13,102 | +377% |
| Suppliers | 440/4 | €3,478 | €16,581 | +€13,102 | +377% |
| Taxes, remuneration and social security | 45 | €11,812 | €14,840 | +€3,028 | +25.6% |
| Taxes | 450/3 | €6,746 | €5,003 | -€1,743 | -25.8% |
| Remuneration and social security | 454/9 | €5,066 | €9,837 | +€4,771 | +94.2% |
| Remuneration, social security and pensions | 62 | €38,856 | €43,481 | +€4,625 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,487 | €13,060 | +€8,574 | +191% |
| Other operating charges | 640/8 | €292 | €1,061 | +€769 | +263% |
| Gross operating margin | 9900 | €47,993 | €10,646 | -€37,347 | -77.8% |
| Operating profit (loss) | 9901 | €4,357 | -€46,957 | -€51,314 | |
| Financial income | 75/76B | €973 | €841 | -€131 | -13.5% |
| Recurring financial income | 75 | €973 | €841 | -€131 | -13.5% |
| Financial charges | 65/66B | €245 | €1,228 | +€983 | +400% |
| Recurring financial charges | 65 | €245 | €1,228 | +€983 | +400% |
| Profit (loss) for the period before taxes | 9903 | €5,085 | -€47,343 | -€52,428 | |
| Income taxes | 67/77 | €2,155 | €208 | -€1,947 | -90.3% |
| Profit (loss) for the period | 9904 | €2,930 | -€47,552 | -€50,481 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,930 | -€47,552 | -€50,481 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.