AGESIA: 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.
AGESIA
Largest movements
- Receivables within one year +€159,258
up €159,258 (+363.0%), from €43,872 to €203,130
of which Trade receivables: +€179,759
- Tangible fixed assets +€129,417
up €129,417 (+62.5%), from €207,076 to €336,494
of which Plant, machinery and equipment: +€129,417
- Deferred charges and accrued income +€121,186
up €121,186 (+2430.1%), from €4,987 to €126,173
- Intangible fixed assets +€65,137
up €65,137 (+78.3%), from €83,198 to €148,335
- Stocks and contracts +€38,592
up €38,592 (+161.8%), from €23,856 to €62,448
- Debts after one year +€714,000
up €714,000 (+571.2%), from €125,000 to €839,000
- Other debts -€172,379
down €172,379 (-97.2%), from €177,364 to €4,985
- Trade debts -€26,382
down €26,382 (-84.2%), from €31,321 to €4,939
- Accrued charges and deferred income -€25,407
down €25,407 (-76.5%), from €33,231 to €7,824
- Gross operating margin -€95,763
down €95,763 (-67.7%), from €141,475 to €45,712
- Staff costs -€88,261
down €88,261 (-66.8%), from €132,056 to €43,795
- Provisions -€6,977
no longer reported in 2025 (was €6,977)
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €393,983 | €880,981 | +€486,998 | +123.6% |
| Fixed assets | 21/28 | €290,274 | €484,829 | +€194,554 | +67.0% |
| Intangible fixed assets | 21 | €83,198 | €148,335 | +€65,137 | +78.3% |
| Tangible fixed assets | 22/27 | €207,076 | €336,494 | +€129,417 | +62.5% |
| Plant, machinery and equipment | 23 | €206,856 | €336,273 | +€129,417 | +62.6% |
| Furniture and vehicles | 24 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €103,708 | €396,152 | +€292,444 | +282.0% |
| Stocks and contracts in progress | 3 | €23,856 | €62,448 | +€38,592 | +161.8% |
| Stocks | 30/36 | €23,856 | €62,448 | +€38,592 | +161.8% |
| Amounts receivable within one year | 40/41 | €43,872 | €203,130 | +€159,258 | +363.0% |
| Trade receivables | 40 | €23,372 | €203,130 | +€179,759 | +769.1% |
| Other amounts receivable | 41 | €20,501 | - | -€20,501 | |
| Cash at bank and in hand | 54/58 | €30,993 | €4,401 | -€26,592 | -85.8% |
| Deferred charges and accrued income | 490/1 | €4,987 | €126,173 | +€121,186 | +2430.1% |
| Total equity and liabilities | 10/49 | €393,983 | €880,981 | +€486,998 | +123.6% |
| Equity | 10/15 | €18,598 | €23,003 | +€4,405 | +23.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €8,598 | €13,003 | +€4,405 | +51.2% |
| Distributable reserves | 133 | €8,598 | €13,003 | +€4,405 | +51.2% |
| Amounts payable | 17/49 | €375,384 | €857,978 | +€482,594 | +128.6% |
| Amounts payable after more than one year | 17 | €125,000 | €839,000 | +€714,000 | +571.2% |
| Financial debts | 170/4 | €125,000 | €839,000 | +€714,000 | +571.2% |
| Amounts payable within one year | 42/48 | €217,153 | €11,154 | -€205,999 | -94.9% |
| Trade debts | 44 | €31,321 | €4,939 | -€26,382 | -84.2% |
| Suppliers | 440/4 | €31,321 | €4,939 | -€26,382 | -84.2% |
| Taxes, remuneration and social security | 45 | €8,467 | €1,229 | -€7,238 | -85.5% |
| Taxes | 450/3 | €284 | €1,229 | +€945 | +333.0% |
| Remuneration and social security | 454/9 | €8,183 | - | -€8,183 | |
| Other amounts payable | 47/48 | €177,364 | €4,985 | -€172,379 | -97.2% |
| Accrued charges and deferred income | 492/3 | €33,231 | €7,824 | -€25,407 | -76.5% |
| Non-recurring operating income | 76A | €150,000 | €57,000 | -€93,000 | -62.0% |
| Remuneration, social security and pensions | 62 | €132,056 | €43,795 | -€88,261 | -66.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €6,977 | - | -€6,977 | |
| Other operating charges | 640/8 | €943 | €1,770 | +€827 | +87.7% |
| Gross operating margin | 9900 | €141,475 | €45,712 | -€95,763 | -67.7% |
| Operating profit (loss) | 9901 | €1,498 | €146 | -€1,352 | -90.2% |
| Financial charges | 65/66B | €1,274 | €23 | -€1,251 | -98.2% |
| Recurring financial charges | 65 | €1,274 | €23 | -€1,251 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €224 | €123 | -€101 | -45.1% |
| Income taxes | 67/77 | €153 | - | -€153 | |
| Profit (loss) for the period | 9904 | €72 | €123 | +€51 | +71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €72 | €123 | +€51 | +71.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.