AGERTI: 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.
AGERTI
Largest movements
- Cash +€128,343
up €128,343 (+44.4%), from €288,759 to €417,102
mainly Net result for the year (+€287,027) and Stocks and contracts (+€117,918)
- Stocks and contracts -€117,918
down €117,918 (-12.9%), from €915,879 to €797,960
- Receivables within one year -€54,901
down €54,901 (-31.8%), from €172,776 to €117,875
of which Trade receivables: -€41,970
- Tangible fixed assets +€17,929
up €17,929 (+122%), from €14,740 to €32,669
of which Plant, machinery and equipment: +€24,031
- Trade debts -€134,815
down €134,815 (-35.2%), from €383,205 to €248,389
- Debts after one year +€49,307
new in 2025: €49,307
- Profit (loss) carried forward +€37,027
up €37,027 (+114%), from €32,458 to €69,484
- Gross operating margin +€30,131
up €30,131 (+4.9%), from €613,803 to €643,935
- Staff costs +€18,315
up €18,315 (+11.3%), from €161,915 to €180,229
- Write-downs -€10,270
no longer reported in 2025 (was €10,270)
- Financial income -€6,625
down €6,625 (-94.4%), from €7,019 to €394
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 | €1,421,935 | €1,383,065 | -€38,870 | -2.7% |
| Fixed assets | 21/28 | €14,740 | €32,669 | +€17,929 | +122% |
| Tangible fixed assets | 22/27 | €14,740 | €32,669 | +€17,929 | +122% |
| Plant, machinery and equipment | 23 | €5,868 | €29,899 | +€24,031 | +410% |
| Furniture and vehicles | 24 | €8,872 | €2,770 | -€6,102 | -68.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,407,195 | €1,350,397 | -€56,799 | -4.0% |
| Stocks and contracts in progress | 3 | €915,879 | €797,960 | -€117,918 | -12.9% |
| Stocks | 30/36 | €915,879 | €797,960 | -€117,918 | -12.9% |
| Amounts receivable within one year | 40/41 | €172,776 | €117,875 | -€54,901 | -31.8% |
| Trade receivables | 40 | €148,292 | €106,322 | -€41,970 | -28.3% |
| Other amounts receivable | 41 | €24,484 | €11,553 | -€12,931 | -52.8% |
| Cash at bank and in hand | 54/58 | €288,759 | €417,102 | +€128,343 | +44.4% |
| Deferred charges and accrued income | 490/1 | €29,782 | €17,459 | -€12,323 | -41.4% |
| Total equity and liabilities | 10/49 | €1,421,935 | €1,383,065 | -€38,870 | -2.7% |
| Equity | 10/15 | €745,033 | €782,059 | +€37,027 | +5.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €650,575 | €650,575 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €644,375 | €644,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,458 | €69,484 | +€37,027 | +114% |
| Amounts payable | 17/49 | €676,903 | €601,006 | -€75,897 | -11.2% |
| Amounts payable after more than one year | 17 | - | €49,307 | +€49,307 | |
| Financial debts | 170/4 | - | €49,307 | +€49,307 | |
| Amounts payable within one year | 42/48 | €676,903 | €551,699 | -€125,204 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €4,882 | €17,475 | +€12,593 | +258% |
| Trade debts | 44 | €383,205 | €248,389 | -€134,815 | -35.2% |
| Suppliers | 440/4 | €383,205 | €248,389 | -€134,815 | -35.2% |
| Taxes, remuneration and social security | 45 | €30,767 | €34,975 | +€4,208 | +13.7% |
| Taxes | 450/3 | €19,090 | €11,392 | -€7,698 | -40.3% |
| Remuneration and social security | 454/9 | €11,677 | €23,583 | +€11,906 | +102% |
| Other amounts payable | 47/48 | €258,049 | €250,860 | -€7,190 | -2.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €161,915 | €180,229 | +€18,315 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,957 | €7,321 | +€1,364 | +22.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,270 | - | -€10,270 | |
| Other operating charges | 640/8 | €5,646 | €5,773 | +€127 | +2.2% |
| Gross operating margin | 9900 | €613,803 | €643,935 | +€30,131 | +4.9% |
| Operating profit (loss) | 9901 | €430,015 | €450,611 | +€20,595 | +4.8% |
| Financial income | 75/76B | €7,019 | €394 | -€6,625 | -94.4% |
| Recurring financial income | 75 | €7,019 | €394 | -€6,625 | -94.4% |
| Financial charges | 65/66B | €50,836 | €56,623 | +€5,787 | +11.4% |
| Recurring financial charges | 65 | €50,836 | €56,623 | +€5,787 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €386,198 | €394,381 | +€8,183 | +2.1% |
| Income taxes | 67/77 | €103,740 | €107,355 | +€3,615 | +3.5% |
| Profit (loss) for the period | 9904 | €282,458 | €287,027 | +€4,569 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €282,458 | €287,027 | +€4,569 | +1.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.