AGESS PROJECTS: 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 PROJECTS
Largest movements
- Cash +€755,397
up €755,397 (+156.1%), from €483,775 to €1.2m
mainly Net result for the year (+€620,185) and Receivables within one year (+€357,482)
- Receivables within one year -€357,482
down €357,482 (-59.7%), from €598,851 to €241,369
of which Trade receivables: -€373,747
- Tangible fixed assets +€28,676
up €28,676 (+10.9%), from €262,705 to €291,381
of which Furniture and vehicles: +€33,490
- Other debts +€220,836
up €220,836 (+96.3%), from €229,323 to €450,159
- Profit (loss) carried forward +€90,773
up €90,773 (+34.0%), from €266,624 to €357,397
- Tax, wage and social debts +€72,888
up €72,888 (+55.4%), from €131,514 to €204,402
of which Taxes: +€66,956
- Trade debts +€58,590
up €58,590 (+9.7%), from €601,610 to €660,200
- Gross operating margin +€512,211
up €512,211 (+52.6%), from €973,789 to €1.5m
- Taxes +€127,528
up €127,528 (+135.2%), from €94,292 to €221,820
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 | €1,353,547 | €1,789,083 | +€435,536 | +32.2% |
| Fixed assets | 21/28 | €263,409 | €292,085 | +€28,676 | +10.9% |
| Tangible fixed assets | 22/27 | €262,705 | €291,381 | +€28,676 | +10.9% |
| Land and buildings | 22 | €212,661 | €209,292 | -€3,369 | -1.6% |
| Plant, machinery and equipment | 23 | €16,341 | €14,896 | -€1,445 | -8.8% |
| Furniture and vehicles | 24 | €33,703 | €67,193 | +€33,490 | +99.4% |
| Financial fixed assets | 28 | €704 | €704 | -€0 | 0.0% |
| Current assets | 29/58 | €1,090,138 | €1,496,998 | +€406,860 | +37.3% |
| Amounts receivable within one year | 40/41 | €598,851 | €241,369 | -€357,482 | -59.7% |
| Trade receivables | 40 | €585,913 | €212,166 | -€373,747 | -63.8% |
| Other amounts receivable | 41 | €12,938 | €29,203 | +€16,265 | +125.7% |
| Cash at bank and in hand | 54/58 | €483,775 | €1,239,172 | +€755,397 | +156.1% |
| Deferred charges and accrued income | 490/1 | €7,512 | €16,457 | +€8,945 | +119.1% |
| Total equity and liabilities | 10/49 | €1,353,547 | €1,789,083 | +€435,536 | +32.2% |
| Equity | 10/15 | €287,224 | €377,997 | +€90,773 | +31.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,624 | €357,397 | +€90,773 | +34.0% |
| Amounts payable | 17/49 | €1,066,323 | €1,411,086 | +€344,763 | +32.3% |
| Amounts payable after more than one year | 17 | €91,222 | €83,549 | -€7,673 | -8.4% |
| Financial debts | 170/4 | €91,222 | €83,549 | -€7,673 | -8.4% |
| Amounts payable within one year | 42/48 | €975,101 | €1,327,537 | +€352,436 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €7,544 | €7,673 | +€129 | +1.7% |
| Financial debts | 43 | €5,110 | €5,103 | -€7 | -0.1% |
| Credit institutions | 430/8 | €5,110 | €5,103 | -€7 | -0.1% |
| Trade debts | 44 | €601,610 | €660,200 | +€58,590 | +9.7% |
| Suppliers | 440/4 | €601,610 | €660,200 | +€58,590 | +9.7% |
| Taxes, remuneration and social security | 45 | €131,514 | €204,402 | +€72,888 | +55.4% |
| Taxes | 450/3 | €101,299 | €168,255 | +€66,956 | +66.1% |
| Remuneration and social security | 454/9 | €30,215 | €36,146 | +€5,931 | +19.6% |
| Other amounts payable | 47/48 | €229,323 | €450,159 | +€220,836 | +96.3% |
| Non-recurring operating income | 76A | - | €33,236 | +€33,236 | |
| Remuneration, social security and pensions | 62 | €596,082 | €589,394 | -€6,688 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,986 | €34,854 | +€10,868 | +45.3% |
| Other operating charges | 640/8 | €1,707 | €3,297 | +€1,590 | +93.2% |
| Non-recurring operating charges | 66A | - | €22,823 | +€22,823 | |
| Gross operating margin | 9900 | €973,789 | €1,486,000 | +€512,211 | +52.6% |
| Operating profit (loss) | 9901 | €352,014 | €835,632 | +€483,618 | +137.4% |
| Financial income | 75/76B | €10,638 | €13,045 | +€2,407 | +22.6% |
| Recurring financial income | 75 | €10,638 | €13,045 | +€2,407 | +22.6% |
| Financial charges | 65/66B | €7,887 | €6,672 | -€1,215 | -15.4% |
| Recurring financial charges | 65 | €7,887 | €6,672 | -€1,215 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €354,765 | €842,005 | +€487,240 | +137.3% |
| Income taxes | 67/77 | €94,292 | €221,820 | +€127,528 | +135.2% |
| Profit (loss) for the period | 9904 | €260,473 | €620,185 | +€359,712 | +138.1% |
| Profit (loss) for the period to be appropriated | 9905 | €260,473 | €620,185 | +€359,712 | +138.1% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.