AGESS: 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.
AGESS
Largest movements
- Tangible fixed assets -€9,507
down €9,507 (-4.2%), from €224,319 to €214,812
- Cash +€6,109
up €6,109 (+47.9%), from €12,758 to €18,867
mainly Net result for the year (+€13,716) and Depreciation (+€9,507)
- Deferred charges and accrued income -€4,780
down €4,780 (-31.1%), from €15,374 to €10,594
- Accrued charges and deferred income -€20,000
down €20,000 (-83.3%), from €24,000 to €4,000
- Reserves +€13,715
up €13,715 (+20.9%), from €65,761 to €79,476
of which Distributable reserves: +€13,715
- Gross operating margin -€7,637
down €7,637 (-15.6%), from €48,832 to €41,195
- Financial charges -€1,230
down €1,230 (-26.3%), from €4,674 to €3,444
- Taxes -€868
down €868 (-10.6%), from €8,160 to €7,292
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 | €253,845 | €245,008 | -€8,837 | -3.5% |
| Fixed assets | 21/28 | €224,592 | €215,085 | -€9,507 | -4.2% |
| Tangible fixed assets | 22/27 | €224,319 | €214,812 | -€9,507 | -4.2% |
| Land and buildings | 22 | €224,319 | €214,812 | -€9,507 | -4.2% |
| Financial fixed assets | 28 | €273 | €273 | -€0 | -0.1% |
| Current assets | 29/58 | €29,253 | €29,923 | +€670 | +2.3% |
| Amounts receivable within one year | 40/41 | €1,121 | €462 | -€659 | -58.8% |
| Other amounts receivable | 41 | €1,121 | €462 | -€659 | -58.8% |
| Cash at bank and in hand | 54/58 | €12,758 | €18,867 | +€6,109 | +47.9% |
| Deferred charges and accrued income | 490/1 | €15,374 | €10,594 | -€4,780 | -31.1% |
| Total equity and liabilities | 10/49 | €253,845 | €245,008 | -€8,837 | -3.5% |
| Equity | 10/15 | €219,839 | €233,555 | +€13,716 | +6.2% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €65,761 | €79,476 | +€13,715 | +20.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €12,812 | €12,812 | +€0 | 0.0% |
| Distributable reserves | 133 | €51,090 | €64,805 | +€13,715 | +26.8% |
| Profit (loss) carried forward | 14 | €135,486 | €135,487 | +€1 | 0.0% |
| Amounts payable | 17/49 | €34,006 | €11,452 | -€22,554 | -66.3% |
| Amounts payable within one year | 42/48 | €10,006 | €7,452 | -€2,554 | -25.5% |
| Trade debts | 44 | €1,846 | €161 | -€1,685 | -91.3% |
| Suppliers | 440/4 | €1,846 | €161 | -€1,685 | -91.3% |
| Taxes, remuneration and social security | 45 | €8,160 | €7,292 | -€868 | -10.6% |
| Taxes | 450/3 | €8,160 | €7,292 | -€868 | -10.6% |
| Accrued charges and deferred income | 492/3 | €24,000 | €4,000 | -€20,000 | -83.3% |
| Non-recurring operating income | 76A | - | €1,334 | +€1,334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,613 | €9,507 | -€106 | -1.1% |
| Other operating charges | 640/8 | €7,063 | €7,236 | +€173 | +2.5% |
| Gross operating margin | 9900 | €48,832 | €41,195 | -€7,637 | -15.6% |
| Operating profit (loss) | 9901 | €32,156 | €24,451 | -€7,705 | -24.0% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €4,674 | €3,444 | -€1,230 | -26.3% |
| Recurring financial charges | 65 | €4,674 | €3,444 | -€1,230 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €27,485 | €21,007 | -€6,478 | -23.6% |
| Income taxes | 67/77 | €8,160 | €7,292 | -€868 | -10.6% |
| Profit (loss) for the period | 9904 | €19,325 | €13,716 | -€5,609 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,325 | €13,716 | -€5,609 | -29.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.