AGERI: 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.
AGERI
Largest movements
- Current investments +€510,345
up €510,345 (+68.5%), from €745,527 to €1.3m
- Receivables within one year +€404,696
up €404,696 (+14.0%), from €2.9m to €3.3m
of which Other amounts receivable: +€584,327
- Cash +€176,246
up €176,246 (+13.9%), from €1.3m to €1.4m
mainly Net result for the year (+€1.2m) and Depreciation (+€165,961)
- Tangible fixed assets -€120,034
down €120,034 (-34.4%), from €349,133 to €229,099
of which Other tangible fixed assets: -€111,915
- Reserves +€1.2m
up €1.2m (+24.9%), from €4.7m to €5.9m
of which Distributable reserves: +€1.2m
- Trade debts -€166,387
down €166,387 (-14.9%), from €1.1m to €952,032
- Gross operating margin +€319,663
up €319,663 (+12.3%), from €2.6m to €2.9m
- Taxes +€73,579
up €73,579 (+23.1%), from €318,521 to €392,100
- Staff costs +€47,882
up €47,882 (+4.2%), from €1.1m to €1.2m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,014,710 | €7,011,209 | +€996,499 | +16.6% |
| Fixed assets | 21/28 | €349,133 | €229,099 | -€120,034 | -34.4% |
| Tangible fixed assets | 22/27 | €349,133 | €229,099 | -€120,034 | -34.4% |
| Plant, machinery and equipment | 23 | €127,056 | €94,176 | -€32,880 | -25.9% |
| Furniture and vehicles | 24 | - | €24,762 | +€24,762 | |
| Other tangible fixed assets | 26 | €222,077 | €110,161 | -€111,915 | -50.4% |
| Current assets | 29/58 | €5,665,577 | €6,782,110 | +€1.1m | +19.7% |
| Stocks and contracts in progress | 3 | €757,187 | €779,577 | +€22,390 | +3.0% |
| Stocks | 30/36 | €757,187 | €779,577 | +€22,390 | +3.0% |
| Amounts receivable within one year | 40/41 | €2,886,157 | €3,290,853 | +€404,696 | +14.0% |
| Trade receivables | 40 | €416,681 | €237,049 | -€179,631 | -43.1% |
| Other amounts receivable | 41 | €2,469,477 | €3,053,804 | +€584,327 | +23.7% |
| Current investments | 50/53 | €745,527 | €1,255,873 | +€510,345 | +68.5% |
| Cash at bank and in hand | 54/58 | €1,266,194 | €1,442,440 | +€176,246 | +13.9% |
| Deferred charges and accrued income | 490/1 | €10,512 | €13,368 | +€2,856 | +27.2% |
| Total equity and liabilities | 10/49 | €6,014,710 | €7,011,209 | +€996,499 | +16.6% |
| Equity | 10/15 | €4,745,034 | €5,912,363 | +€1.2m | +24.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €4,683,534 | €5,850,863 | +€1.2m | +24.9% |
| Non-distributable reserves | 130/1 | €65,050 | €65,050 | = | 0.0% |
| Legal reserve | 130 | €65,050 | €65,050 | = | 0.0% |
| Distributable reserves | 133 | €4,618,484 | €5,785,813 | +€1.2m | +25.3% |
| Amounts payable | 17/49 | €1,269,676 | €1,098,847 | -€170,830 | -13.5% |
| Amounts payable within one year | 42/48 | €1,269,676 | €1,098,847 | -€170,830 | -13.5% |
| Trade debts | 44 | €1,118,419 | €952,032 | -€166,387 | -14.9% |
| Suppliers | 440/4 | €1,118,419 | €952,032 | -€166,387 | -14.9% |
| Taxes, remuneration and social security | 45 | €141,823 | €143,137 | +€1,314 | +0.9% |
| Taxes | 450/3 | €4,822 | €9,293 | +€4,471 | +92.7% |
| Remuneration and social security | 454/9 | €137,001 | €133,844 | -€3,158 | -2.3% |
| Other amounts payable | 47/48 | €9,434 | €3,678 | -€5,756 | -61.0% |
| Remuneration, social security and pensions | 62 | €1,129,341 | €1,177,222 | +€47,882 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,334 | €165,961 | -€15,373 | -8.5% |
| Other operating charges | 640/8 | €7,177 | €6,502 | -€675 | -9.4% |
| Gross operating margin | 9900 | €2,605,326 | €2,924,988 | +€319,663 | +12.3% |
| Operating profit (loss) | 9901 | €1,287,474 | €1,575,302 | +€287,828 | +22.4% |
| Financial income | 75/76B | €4,100 | €14,555 | +€10,456 | +255.0% |
| Recurring financial income | 75 | €4,100 | €14,555 | +€10,456 | +255.0% |
| Financial charges | 65/66B | €30,294 | €30,428 | +€134 | +0.4% |
| Recurring financial charges | 65 | €30,294 | €30,428 | +€134 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €1,261,280 | €1,559,429 | +€298,150 | +23.6% |
| Income taxes | 67/77 | €318,521 | €392,100 | +€73,579 | +23.1% |
| Profit (loss) for the period | 9904 | €942,759 | €1,167,329 | +€224,571 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €942,759 | €1,167,329 | +€224,571 | +23.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.