Ageo Expertise: 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.
Ageo Expertise
Largest movements
- Tangible fixed assets -€13,933
down €13,933 (-45.4%), from €30,710 to €16,777
- Deferred charges and accrued income +€6,489
up €6,489 (+156%), from €4,172 to €10,661
- Cash -€2,803
down €2,803 (-6.0%), from €46,863 to €44,060
mainly Debts after one year (-€8,883) and Net result for the year (-€8,678)
- Debts after one year -€8,883
down €8,883 (-51.3%), from €17,314 to €8,431
- Profit (loss) carried forward -€8,679
down €8,679 (-13.5%), from €64,337 to €55,658
- Trade debts +€5,076
up €5,076 (+877%), from €579 to €5,655
- Accrued charges and deferred income -€2,500
no longer reported in 2025 (was €2,500)
- Other debts +€1,731
up €1,731 (+39.2%), from €4,419 to €6,150
- Gross operating margin -€25,823
down €25,823 (-71.8%), from €35,984 to €10,161
- Taxes -€4,132
down €4,132 (-94.0%), from €4,396 to €264
- Other operating charges +€1,113
up €1,113 (+140%), from €792 to €1,905
- Depreciation +€979
up €979 (+6.6%), from €14,823 to €15,802
- Financial charges -€723
down €723 (-45.1%), from €1,601 to €878
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 | €117,696 | €106,176 | -€11,520 | -9.8% |
| Fixed assets | 21/28 | €35,817 | €20,885 | -€14,932 | -41.7% |
| Intangible fixed assets | 21 | €2,453 | €1,453 | -€1,000 | -40.8% |
| Tangible fixed assets | 22/27 | €30,710 | €16,777 | -€13,933 | -45.4% |
| Furniture and vehicles | 24 | €30,710 | €16,777 | -€13,933 | -45.4% |
| Financial fixed assets | 28 | €2,655 | €2,655 | = | 0.0% |
| Current assets | 29/58 | €81,879 | €85,291 | +€3,412 | +4.2% |
| Amounts receivable within one year | 40/41 | €30,843 | €30,570 | -€273 | -0.9% |
| Trade receivables | 40 | €30,515 | €25,334 | -€5,181 | -17.0% |
| Other amounts receivable | 41 | €328 | €5,236 | +€4,908 | +1,494% |
| Cash at bank and in hand | 54/58 | €46,863 | €44,060 | -€2,803 | -6.0% |
| Deferred charges and accrued income | 490/1 | €4,172 | €10,661 | +€6,489 | +156% |
| Total equity and liabilities | 10/49 | €117,696 | €106,176 | -€11,520 | -9.8% |
| Equity | 10/15 | €67,337 | €58,658 | -€8,679 | -12.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,337 | €55,658 | -€8,679 | -13.5% |
| Amounts payable | 17/49 | €50,359 | €47,518 | -€2,841 | -5.6% |
| Amounts payable after more than one year | 17 | €17,314 | €8,431 | -€8,883 | -51.3% |
| Financial debts | 170/4 | €17,314 | €8,431 | -€8,883 | -51.3% |
| Amounts payable within one year | 42/48 | €30,545 | €39,087 | +€8,542 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €8,566 | €8,883 | +€317 | +3.7% |
| Trade debts | 44 | €579 | €5,655 | +€5,076 | +877% |
| Suppliers | 440/4 | €579 | €5,655 | +€5,076 | +877% |
| Taxes, remuneration and social security | 45 | €16,981 | €18,399 | +€1,418 | +8.4% |
| Taxes | 450/3 | €16,981 | €18,399 | +€1,418 | +8.4% |
| Other amounts payable | 47/48 | €4,419 | €6,150 | +€1,731 | +39.2% |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,823 | €15,802 | +€979 | +6.6% |
| Other operating charges | 640/8 | €792 | €1,905 | +€1,113 | +140% |
| Gross operating margin | 9900 | €35,984 | €10,161 | -€25,823 | -71.8% |
| Operating profit (loss) | 9901 | €20,370 | -€7,546 | -€27,916 | |
| Financial income | 75/76B | €10 | €10 | = | 0.0% |
| Recurring financial income | 75 | €10 | €10 | = | 0.0% |
| Financial charges | 65/66B | €1,601 | €878 | -€723 | -45.1% |
| Recurring financial charges | 65 | €1,601 | €878 | -€723 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €18,779 | -€8,414 | -€27,193 | |
| Income taxes | 67/77 | €4,396 | €264 | -€4,132 | -94.0% |
| Profit (loss) for the period | 9904 | €14,383 | -€8,678 | -€23,061 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,383 | -€8,678 | -€23,061 |
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 24 October 2026 via checked.be.