AGFIK: 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.
AGFIK
Largest movements
- Current investments +€640,000
new in 2025: €640,000
- Cash -€523,682
down €523,682 (-71.7%), from €729,884 to €206,202
mainly Current investments (-€640,000) and Receivables within one year (-€17,869)
- Tangible fixed assets -€26,371
down €26,371 (-13.9%), from €190,389 to €164,019
of which Land and buildings: -€16,875
- Receivables within one year +€17,869
up €17,869 (+18.2%), from €97,944 to €115,813
of which Trade receivables: +€12,398
- Reserves +€246,435
up €246,435 (+31.5%), from €782,873 to €1.0m
- Profit (loss) carried forward -€163,134
down €163,134 (-100.0%), from €163,134 to €0
- Trade debts +€38,607
up €38,607 (+958.6%), from €4,027 to €42,635
- Gross operating margin -€146,671
down €146,671 (-37.8%), from €388,001 to €241,329
- Taxes -€48,147
down €48,147 (-54.7%), from €87,953 to €39,806
- Financial income +€19,889
up €19,889 (+387.8%), from €5,129 to €25,017
- Depreciation +€10,721
up €10,721 (+48.4%), from €22,137 to €32,858
- Other operating charges +€7,979
up €7,979 (+164.6%), from €4,848 to €12,827
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 | €1,020,254 | €1,126,997 | +€106,743 | +10.5% |
| Fixed assets | 21/28 | €190,389 | €164,019 | -€26,371 | -13.9% |
| Tangible fixed assets | 22/27 | €190,389 | €164,019 | -€26,371 | -13.9% |
| Land and buildings | 22 | €156,580 | €139,705 | -€16,875 | -10.8% |
| Plant, machinery and equipment | 23 | €8,269 | €4,499 | -€3,770 | -45.6% |
| Furniture and vehicles | 24 | €2,169 | €0 | -€2,169 | -100.0% |
| Leasing and similar rights | 25 | €23,372 | €19,815 | -€3,557 | -15.2% |
| Current assets | 29/58 | €829,865 | €962,978 | +€133,114 | +16.0% |
| Amounts receivable within one year | 40/41 | €97,944 | €115,813 | +€17,869 | +18.2% |
| Trade receivables | 40 | €72,124 | €84,522 | +€12,398 | +17.2% |
| Other amounts receivable | 41 | €25,820 | €31,291 | +€5,471 | +21.2% |
| Current investments | 50/53 | - | €640,000 | +€640,000 | |
| Cash at bank and in hand | 54/58 | €729,884 | €206,202 | -€523,682 | -71.7% |
| Deferred charges and accrued income | 490/1 | €2,037 | €963 | -€1,073 | -52.7% |
| Total equity and liabilities | 10/49 | €1,020,254 | €1,126,997 | +€106,743 | +10.5% |
| Equity | 10/15 | €954,683 | €1,037,984 | +€83,301 | +8.7% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €782,873 | €1,029,308 | +€246,435 | +31.5% |
| Distributable reserves | 133 | €782,873 | €1,029,308 | +€246,435 | +31.5% |
| Profit (loss) carried forward | 14 | €163,134 | €0 | -€163,134 | -100.0% |
| Amounts payable | 17/49 | €65,571 | €89,013 | +€23,441 | +35.7% |
| Amounts payable after more than one year | 17 | €1,800 | €0 | -€1,800 | -100.0% |
| Financial debts | 170/4 | €1,800 | €0 | -€1,800 | -100.0% |
| Amounts payable within one year | 42/48 | €63,772 | €89,013 | +€25,241 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €11,838 | €1,800 | -€10,039 | -84.8% |
| Trade debts | 44 | €4,027 | €42,635 | +€38,607 | +958.6% |
| Suppliers | 440/4 | €4,027 | €42,635 | +€38,607 | +958.6% |
| Taxes, remuneration and social security | 45 | €47,907 | €44,579 | -€3,328 | -6.9% |
| Taxes | 450/3 | €30,696 | €16,306 | -€14,390 | -46.9% |
| Remuneration and social security | 454/9 | €17,211 | €28,273 | +€11,062 | +64.3% |
| Remuneration, social security and pensions | 62 | €97,545 | €100,648 | +€3,103 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,137 | €32,858 | +€10,721 | +48.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,555 | -€5,775 | -€1,220 | -26.8% |
| Other operating charges | 640/8 | €4,848 | €12,827 | +€7,979 | +164.6% |
| Gross operating margin | 9900 | €388,001 | €241,329 | -€146,671 | -37.8% |
| Operating profit (loss) | 9901 | €268,026 | €100,772 | -€167,254 | -62.4% |
| Financial income | 75/76B | €5,129 | €25,017 | +€19,889 | +387.8% |
| Recurring financial income | 75 | €5,129 | €25,017 | +€19,889 | +387.8% |
| Financial charges | 65/66B | €1,351 | €2,681 | +€1,330 | +98.4% |
| Recurring financial charges | 65 | €1,351 | €2,681 | +€1,330 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €271,803 | €123,107 | -€148,696 | -54.7% |
| Income taxes | 67/77 | €87,953 | €39,806 | -€48,147 | -54.7% |
| Profit (loss) for the period | 9904 | €183,851 | €83,301 | -€100,549 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €183,851 | €83,301 | -€100,549 | -54.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.