AGESIM & CO: what changed
AGESIM & CO
Largest movements
- Intangible fixed assets -€123,210
down €123,210 (-12.3%), from €1.0m to €876,987
- Cash +€96,968
up €96,968 (+60.0%), from €161,589 to €258,557
mainly Net result for the year (+€141,034) and Depreciation (+€128,240)
- Receivables within one year +€14,547
up €14,547 (+20.5%), from €70,877 to €85,424
of which Trade receivables: +€14,048
- Debts after one year -€149,078
down €149,078 (-15.6%), from €955,283 to €806,205
- Profit (loss) carried forward +€91,034
up €91,034 (+84.9%), from €107,251 to €198,285
- Other debts +€25,657
up €25,657 (+174%), from €14,730 to €40,387
- Tax, wage and social debts +€23,029
up €23,029 (+51.6%), from €44,639 to €67,668
of which Taxes: +€21,173
- Gross operating margin +€80,459
up €80,459 (+22.5%), from €357,128 to €437,586
- Staff costs +€22,966
up €22,966 (+40.5%), from €56,651 to €79,618
- Taxes +€18,188
up €18,188 (+68.8%), from €26,454 to €44,642
- Financial charges -€12,720
down €12,720 (-22.9%), from €55,605 to €42,886
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,248,685 | €1,238,684 | -€10,001 | -0.8% |
| Fixed assets | 21/28 | €1,015,439 | €894,703 | -€120,736 | -11.9% |
| Intangible fixed assets | 21 | €1,000,198 | €876,987 | -€123,210 | -12.3% |
| Tangible fixed assets | 22/27 | €15,242 | €17,715 | +€2,474 | +16.2% |
| Furniture and vehicles | 24 | €14,969 | €14,009 | -€960 | -6.4% |
| Other tangible fixed assets | 26 | €273 | €3,706 | +€3,433 | +1,258% |
| Current assets | 29/58 | €233,246 | €343,981 | +€110,736 | +47.5% |
| Amounts receivable within one year | 40/41 | €70,877 | €85,424 | +€14,547 | +20.5% |
| Trade receivables | 40 | €70,877 | €84,925 | +€14,048 | +19.8% |
| Other amounts receivable | 41 | - | €499 | +€499 | |
| Cash at bank and in hand | 54/58 | €161,589 | €258,557 | +€96,968 | +60.0% |
| Deferred charges and accrued income | 490/1 | €780 | - | -€780 | |
| Total equity and liabilities | 10/49 | €1,248,685 | €1,238,684 | -€10,001 | -0.8% |
| Equity | 10/15 | €117,251 | €208,285 | +€91,034 | +77.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,251 | €198,285 | +€91,034 | +84.9% |
| Amounts payable | 17/49 | €1,131,434 | €1,030,399 | -€101,035 | -8.9% |
| Amounts payable after more than one year | 17 | €955,283 | €806,205 | -€149,078 | -15.6% |
| Financial debts | 170/4 | €955,283 | €806,205 | -€149,078 | -15.6% |
| Amounts payable within one year | 42/48 | €176,151 | €224,194 | +€48,043 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €110,761 | €110,795 | +€34 | 0.0% |
| Trade debts | 44 | €4,267 | €5,344 | +€1,078 | +25.3% |
| Suppliers | 440/4 | €4,267 | €5,344 | +€1,078 | +25.3% |
| Advances received on contracts in progress | 46 | €1,755 | - | -€1,755 | |
| Taxes, remuneration and social security | 45 | €44,639 | €67,668 | +€23,029 | +51.6% |
| Taxes | 450/3 | €36,331 | €57,504 | +€21,173 | +58.3% |
| Remuneration and social security | 454/9 | €8,308 | €10,164 | +€1,856 | +22.3% |
| Other amounts payable | 47/48 | €14,730 | €40,387 | +€25,657 | +174% |
| Remuneration, social security and pensions | 62 | €56,651 | €79,618 | +€22,966 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,482 | €128,240 | +€3,758 | +3.0% |
| Other operating charges | 640/8 | €1,959 | €1,487 | -€472 | -24.1% |
| Gross operating margin | 9900 | €357,128 | €437,586 | +€80,459 | +22.5% |
| Operating profit (loss) | 9901 | €174,035 | €228,242 | +€54,206 | +31.1% |
| Financial income | 75/76B | €43 | €320 | +€276 | +637% |
| Recurring financial income | 75 | €43 | €320 | +€276 | +637% |
| Financial charges | 65/66B | €55,605 | €42,886 | -€12,720 | -22.9% |
| Recurring financial charges | 65 | €55,605 | €42,886 | -€12,720 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €118,473 | €185,675 | +€67,202 | +56.7% |
| Income taxes | 67/77 | €26,454 | €44,642 | +€18,188 | +68.8% |
| Profit (loss) for the period | 9904 | €92,019 | €141,034 | +€49,014 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €92,019 | €141,034 | +€49,014 | +53.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.