AGERIM: what changed
Two fiscal 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.
AGERIM
Largest movements
- Cash +€18,205
up €18,205 (+23.9%), from €76,058 to €94,263
mainly Net result for the year (+€13,321) and Other debts (+€12,655)
- Tangible fixed assets -€7,383
down €7,383 (-8.8%), from €83,839 to €76,456
of which Other tangible fixed assets: -€3,866
- Other debts +€12,655
new in 2025: €12,655
- Gross operating margin +€1,276
up €1,276 (+4.8%), from €26,347 to €27,622
- Taxes -€557
down €557 (-10.7%), from €5,204 to €4,648
- Depreciation +€284
up €284 (+4.0%), from €7,099 to €7,383
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.
Cash bridge derived
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 | €161,509 | €172,582 | +€11,073 | +6.9% |
| Fixed assets | 21/28 | €83,839 | €76,456 | -€7,383 | -8.8% |
| Tangible fixed assets | 22/27 | €83,839 | €76,456 | -€7,383 | -8.8% |
| Land and buildings | 22 | €54,334 | €50,817 | -€3,517 | -6.5% |
| Other tangible fixed assets | 26 | €29,505 | €25,639 | -€3,866 | -13.1% |
| Current assets | 29/58 | €77,670 | €96,126 | +€18,456 | +23.8% |
| Amounts receivable within one year | 40/41 | €1,612 | €1,863 | +€251 | +15.6% |
| Other amounts receivable | 41 | €1,612 | €1,863 | +€251 | +15.6% |
| Cash at bank and in hand | 54/58 | €76,058 | €94,263 | +€18,205 | +23.9% |
| Total equity and liabilities | 10/49 | €161,509 | €172,582 | +€11,073 | +6.9% |
| Equity | 10/15 | €158,701 | €159,367 | +€666 | +0.4% |
| Contributions | 10/11 | €102,876 | €102,876 | = | 0.0% |
| Capital | 10 | €102,876 | €102,876 | = | 0.0% |
| Issued capital | 100 | €102,876 | €102,876 | = | 0.0% |
| Reserves | 13 | €55,825 | €56,491 | +€666 | +1.2% |
| Non-distributable reserves | 130/1 | €3,553 | €4,219 | +€666 | +18.7% |
| Legal reserve | 130 | €3,553 | €4,219 | +€666 | +18.7% |
| Tax-exempt reserves | 132 | €52,273 | €52,273 | = | 0.0% |
| Amounts payable | 17/49 | €2,808 | €13,215 | +€10,407 | +370.6% |
| Amounts payable within one year | 42/48 | €2,258 | €12,655 | +€10,397 | +460.5% |
| Trade debts | 44 | €700 | - | -€700 | |
| Suppliers | 440/4 | €700 | - | -€700 | |
| Taxes, remuneration and social security | 45 | €1,558 | - | -€1,558 | |
| Taxes | 450/3 | €1,558 | - | -€1,558 | |
| Other amounts payable | 47/48 | - | €12,655 | +€12,655 | |
| Accrued charges and deferred income | 492/3 | €550 | €560 | +€10 | +1.8% |
| Non-recurring operating income | 76A | €16 | €9 | -€7 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,099 | €7,383 | +€284 | +4.0% |
| Other operating charges | 640/8 | €2,695 | €2,780 | +€85 | +3.2% |
| Gross operating margin | 9900 | €26,347 | €27,622 | +€1,276 | +4.8% |
| Operating profit (loss) | 9901 | €16,552 | €17,459 | +€907 | +5.5% |
| Financial income | 75/76B | €454 | €554 | +€100 | +22.1% |
| Recurring financial income | 75 | €454 | €554 | +€100 | +22.1% |
| Financial charges | 65/66B | €170 | €45 | -€125 | -73.6% |
| Recurring financial charges | 65 | €170 | €45 | -€125 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €16,836 | €17,969 | +€1,132 | +6.7% |
| Income taxes | 67/77 | €5,204 | €4,648 | -€557 | -10.7% |
| Profit (loss) for the period | 9904 | €11,632 | €13,321 | +€1,689 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,632 | €13,321 | +€1,689 | +14.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.