AGERANT: 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.
AGERANT
Largest movements
- Cash -€256,187
down €256,187 (-10.3%), from €2.5m to €2.2m
mainly Accrued charges and deferred income (-€810,506) and Contributions, distributions and other (-€500,000)
- Receivables within one year -€48,165
down €48,165 (-5.2%), from €929,302 to €881,137
of which Trade receivables: -€40,645
- Accrued charges and deferred income -€810,506
down €810,506 (-33.7%), from €2.4m to €1.6m
- Other debts +€387,142
up €387,142 (+343%), from €112,858 to €500,000
- Reserves +€124,748
up €124,748 (+1,149%), from €10,857 to €135,605
- Trade debts -€68,779
down €68,779 (-10.4%), from €661,271 to €592,492
- Gross operating margin +€744,815
up €744,815 (+64.7%), from €1.2m to €1.9m
- Taxes +€182,666
up €182,666 (+385%), from €47,494 to €230,160
- Staff costs +€24,186
up €24,186 (+2.5%), from €971,626 to €995,812
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 | €3,453,032 | €3,128,872 | -€324,160 | -9.4% |
| Fixed assets | 21/28 | €37,028 | €17,221 | -€19,807 | -53.5% |
| Intangible fixed assets | 21 | €4,500 | €3,000 | -€1,500 | -33.3% |
| Tangible fixed assets | 22/27 | €32,528 | €14,221 | -€18,307 | -56.3% |
| Land and buildings | 22 | €9,871 | €1,204 | -€8,667 | -87.8% |
| Plant, machinery and equipment | 23 | €21,505 | €12,630 | -€8,874 | -41.3% |
| Furniture and vehicles | 24 | €1,153 | €386 | -€766 | -66.5% |
| Current assets | 29/58 | €3,416,004 | €3,111,651 | -€304,352 | -8.9% |
| Amounts receivable within one year | 40/41 | €929,302 | €881,137 | -€48,165 | -5.2% |
| Trade receivables | 40 | €913,489 | €872,844 | -€40,645 | -4.4% |
| Other amounts receivable | 41 | €15,814 | €8,293 | -€7,520 | -47.6% |
| Cash at bank and in hand | 54/58 | €2,486,702 | €2,230,514 | -€256,187 | -10.3% |
| Total equity and liabilities | 10/49 | €3,453,032 | €3,128,872 | -€324,160 | -9.4% |
| Equity | 10/15 | €23,871 | €148,620 | +€124,748 | +523% |
| Contributions | 10/11 | €13,014 | €13,014 | = | 0.0% |
| Reserves | 13 | €10,857 | €135,605 | +€124,748 | +1,149% |
| Distributable reserves | 133 | €10,857 | €135,605 | +€124,748 | +1,149% |
| Amounts payable | 17/49 | €3,429,161 | €2,980,253 | -€448,908 | -13.1% |
| Amounts payable within one year | 42/48 | €1,020,840 | €1,382,438 | +€361,598 | +35.4% |
| Financial debts | 43 | - | €25,375 | +€25,375 | |
| Credit institutions | 430/8 | - | €25,375 | +€25,375 | |
| Trade debts | 44 | €661,271 | €592,492 | -€68,779 | -10.4% |
| Suppliers | 440/4 | €661,271 | €592,492 | -€68,779 | -10.4% |
| Taxes, remuneration and social security | 45 | €246,712 | €264,572 | +€17,860 | +7.2% |
| Taxes | 450/3 | €121,977 | €137,464 | +€15,487 | +12.7% |
| Remuneration and social security | 454/9 | €124,734 | €127,107 | +€2,373 | +1.9% |
| Other amounts payable | 47/48 | €112,858 | €500,000 | +€387,142 | +343% |
| Accrued charges and deferred income | 492/3 | €2,408,320 | €1,597,814 | -€810,506 | -33.7% |
| Remuneration, social security and pensions | 62 | €971,626 | €995,812 | +€24,186 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,168 | €19,807 | -€1,361 | -6.4% |
| Other operating charges | 640/8 | €6,602 | €8,100 | +€1,498 | +22.7% |
| Gross operating margin | 9900 | €1,151,058 | €1,895,873 | +€744,815 | +64.7% |
| Operating profit (loss) | 9901 | €151,662 | €872,153 | +€720,492 | +475% |
| Financial income | 75/76B | €1 | €2 | +€1 | +182% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +182% |
| Financial charges | 65/66B | €12,932 | €17,246 | +€4,315 | +33.4% |
| Recurring financial charges | 65 | €12,932 | €17,246 | +€4,315 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €138,730 | €854,909 | +€716,178 | +516% |
| Income taxes | 67/77 | €47,494 | €230,160 | +€182,666 | +385% |
| Profit (loss) for the period | 9904 | €91,236 | €624,748 | +€533,512 | +585% |
| Profit (loss) for the period to be appropriated | 9905 | €91,236 | €624,748 | +€533,512 | +585% |
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 14 October 2026 via checked.be.