AGePe Logistics Software: 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.
AGePe Logistics Software
Largest movements
- Receivables within one year -€317,123
down €317,123 (-55.2%), from €574,405 to €257,282
of which Trade receivables: -€313,198
- Intangible fixed assets +€138,071
up €138,071 (+6.7%), from €2.1m to €2.2m
- Accrued charges and deferred income -€316,650
down €316,650 (-71.1%), from €445,247 to €128,597
- Debts after one year +€167,899
up €167,899 (+62.2%), from €270,092 to €437,991
- Trade debts -€113,360
down €113,360 (-47.4%), from €239,306 to €125,946
- Reserves +€84,341
up €84,341 (+33.5%), from €252,107 to €336,447
of which Distributable reserves: +€80,124
- Tax, wage and social debts +€46,633
up €46,633 (+64.5%), from €72,271 to €118,904
of which Taxes: +€35,985
- Gross operating margin +€224,633
up €224,633 (+20.9%), from €1.1m to €1.3m
- Depreciation +€134,410
up €134,410 (+24.5%), from €549,368 to €683,778
- Staff costs +€88,991
up €88,991 (+24.7%), from €360,743 to €449,734
- Taxes +€23,242
up €23,242, from -€242 to €23,001
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 | €2,895,692 | €2,701,698 | -€193,994 | -6.7% |
| Fixed assets | 21/28 | €2,110,941 | €2,261,614 | +€150,674 | +7.1% |
| Intangible fixed assets | 21 | €2,063,276 | €2,201,346 | +€138,071 | +6.7% |
| Tangible fixed assets | 22/27 | €35,912 | €48,465 | +€12,553 | +35.0% |
| Plant, machinery and equipment | 23 | €8,832 | €21,147 | +€12,315 | +139% |
| Furniture and vehicles | 24 | €18,272 | €20,110 | +€1,838 | +10.1% |
| Leasing and similar rights | 25 | €653 | - | -€653 | |
| Other tangible fixed assets | 26 | €8,154 | €7,207 | -€947 | -11.6% |
| Financial fixed assets | 28 | €11,753 | €11,803 | +€50 | +0.4% |
| Current assets | 29/58 | €784,751 | €440,083 | -€344,667 | -43.9% |
| Amounts receivable within one year | 40/41 | €574,405 | €257,282 | -€317,123 | -55.2% |
| Trade receivables | 40 | €568,847 | €255,649 | -€313,198 | -55.1% |
| Other amounts receivable | 41 | €5,559 | €1,633 | -€3,925 | -70.6% |
| Cash at bank and in hand | 54/58 | €188,581 | €177,921 | -€10,661 | -5.7% |
| Deferred charges and accrued income | 490/1 | €21,764 | €4,880 | -€16,884 | -77.6% |
| Total equity and liabilities | 10/49 | €2,895,692 | €2,701,698 | -€193,994 | -6.7% |
| Equity | 10/15 | €1,425,699 | €1,510,039 | +€84,341 | +5.9% |
| Contributions | 10/11 | €1,173,592 | €1,173,592 | = | 0.0% |
| Capital | 10 | €1,173,592 | €1,173,592 | = | 0.0% |
| Issued capital | 100 | €1,173,592 | €1,173,592 | = | 0.0% |
| Reserves | 13 | €252,107 | €336,447 | +€84,341 | +33.5% |
| Non-distributable reserves | 130/1 | €14,481 | €18,698 | +€4,217 | +29.1% |
| Legal reserve | 130 | €14,481 | €18,698 | +€4,217 | +29.1% |
| Distributable reserves | 133 | €237,625 | €317,749 | +€80,124 | +33.7% |
| Amounts payable | 17/49 | €1,469,993 | €1,191,659 | -€278,334 | -18.9% |
| Amounts payable after more than one year | 17 | €270,092 | €437,991 | +€167,899 | +62.2% |
| Financial debts | 170/4 | €270,092 | €437,991 | +€167,899 | +62.2% |
| Amounts payable within one year | 42/48 | €754,654 | €625,071 | -€129,583 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €146,157 | €117,848 | -€28,309 | -19.4% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Other loans | 439 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €239,306 | €125,946 | -€113,360 | -47.4% |
| Suppliers | 440/4 | €239,306 | €125,946 | -€113,360 | -47.4% |
| Taxes, remuneration and social security | 45 | €72,271 | €118,904 | +€46,633 | +64.5% |
| Taxes | 450/3 | €1,257 | €37,243 | +€35,985 | +2,862% |
| Remuneration and social security | 454/9 | €71,013 | €81,661 | +€10,648 | +15.0% |
| Other amounts payable | 47/48 | €96,920 | €62,374 | -€34,546 | -35.6% |
| Accrued charges and deferred income | 492/3 | €445,247 | €128,597 | -€316,650 | -71.1% |
| Remuneration, social security and pensions | 62 | €360,743 | €449,734 | +€88,991 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €549,368 | €683,778 | +€134,410 | +24.5% |
| Other operating charges | 640/8 | €14,201 | €21,620 | +€7,418 | +52.2% |
| Gross operating margin | 9900 | €1,074,265 | €1,298,898 | +€224,633 | +20.9% |
| Operating profit (loss) | 9901 | €149,954 | €143,767 | -€6,187 | -4.1% |
| Financial income | 75/76B | €4 | €2,485 | +€2,481 | +60,818% |
| Recurring financial income | 75 | €4 | €2,485 | +€2,481 | +60,818% |
| Financial charges | 65/66B | €47,760 | €38,911 | -€8,850 | -18.5% |
| Recurring financial charges | 65 | €47,760 | €38,911 | -€8,850 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €102,198 | €107,341 | +€5,144 | +5.0% |
| Income taxes | 67/77 | -€242 | €23,001 | +€23,242 | |
| Profit (loss) for the period | 9904 | €102,439 | €84,341 | -€18,099 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €102,439 | €84,341 | -€18,099 | -17.7% |
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 15 October 2026 via checked.be.