AGGAP1: 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.
AGGAP1
Largest movements
- Receivables within one year +€25,909
up €25,909 (+227.0%), from €11,413 to €37,322
- Tangible fixed assets -€11,408
down €11,408 (-16.0%), from €71,169 to €59,761
of which Plant, machinery and equipment: -€11,034
- Cash +€3,433
up €3,433 (+100.3%), from €3,424 to €6,857
mainly Net result for the year (+€22,959) and Depreciation (+€12,658)
- Intangible fixed assets -€1,250
down €1,250 (-8.3%), from €15,089 to €13,839
- Profit (loss) carried forward +€22,959
up €22,959 (+90.3%), from -€25,431 to -€2,473
- Debts after one year -€12,673
down €12,673 (-43.9%), from €28,876 to €16,203
- Trade debts +€9,379
up €9,379 (+32.9%), from €28,539 to €37,918
- Other debts -€2,001
down €2,001 (-22.9%), from €8,725 to €6,724
- Tax, wage and social debts -€1,360
down €1,360 (-4.9%), from €27,707 to €26,348
of which Remuneration and social security: -€9,900
- Gross operating margin -€13,243
down €13,243 (-5.7%), from €234,135 to €220,892
- Staff costs +€5,925
up €5,925 (+3.3%), from €177,019 to €182,944
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 | €101,862 | €118,437 | +€16,575 | +16.3% |
| Fixed assets | 21/28 | €86,258 | €73,600 | -€12,658 | -14.7% |
| Intangible fixed assets | 21 | €15,089 | €13,839 | -€1,250 | -8.3% |
| Tangible fixed assets | 22/27 | €71,169 | €59,761 | -€11,408 | -16.0% |
| Plant, machinery and equipment | 23 | €70,098 | €59,064 | -€11,034 | -15.7% |
| Furniture and vehicles | 24 | €1,071 | €697 | -€374 | -34.9% |
| Current assets | 29/58 | €15,605 | €44,838 | +€29,233 | +187.3% |
| Stocks and contracts in progress | 3 | €768 | €659 | -€109 | -14.2% |
| Stocks | 30/36 | €768 | €659 | -€109 | -14.2% |
| Amounts receivable within one year | 40/41 | €11,413 | €37,322 | +€25,909 | +227.0% |
| Trade receivables | 40 | €11,413 | €37,322 | +€25,909 | +227.0% |
| Cash at bank and in hand | 54/58 | €3,424 | €6,857 | +€3,433 | +100.3% |
| Total equity and liabilities | 10/49 | €101,862 | €118,437 | +€16,575 | +16.3% |
| Equity | 10/15 | -€5,431 | €17,527 | +€22,959 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,431 | -€2,473 | +€22,959 | +90.3% |
| Amounts payable | 17/49 | €107,294 | €100,910 | -€6,384 | -5.9% |
| Amounts payable after more than one year | 17 | €28,876 | €16,203 | -€12,673 | -43.9% |
| Financial debts | 170/4 | €28,876 | €16,203 | -€12,673 | -43.9% |
| Amounts payable within one year | 42/48 | €78,418 | €84,708 | +€6,290 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €13,447 | €13,718 | +€271 | +2.0% |
| Trade debts | 44 | €28,539 | €37,918 | +€9,379 | +32.9% |
| Suppliers | 440/4 | €28,539 | €37,918 | +€9,379 | +32.9% |
| Taxes, remuneration and social security | 45 | €27,707 | €26,348 | -€1,360 | -4.9% |
| Taxes | 450/3 | €10,033 | €18,573 | +€8,540 | +85.1% |
| Remuneration and social security | 454/9 | €17,674 | €7,774 | -€9,900 | -56.0% |
| Other amounts payable | 47/48 | €8,725 | €6,724 | -€2,001 | -22.9% |
| Remuneration, social security and pensions | 62 | €177,019 | €182,944 | +€5,925 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,881 | €12,658 | -€2,223 | -14.9% |
| Other operating charges | 640/8 | €407 | €399 | -€8 | -1.9% |
| Non-recurring operating charges | 66A | -€129 | -€61 | +€68 | +52.9% |
| Gross operating margin | 9900 | €234,135 | €220,892 | -€13,243 | -5.7% |
| Operating profit (loss) | 9901 | €41,957 | €24,952 | -€17,005 | -40.5% |
| Financial income | 75/76B | €4 | €5 | +€1 | +34.0% |
| Recurring financial income | 75 | €4 | €5 | +€1 | +34.0% |
| Financial charges | 65/66B | €2,708 | €1,908 | -€801 | -29.6% |
| Recurring financial charges | 65 | €2,708 | €1,908 | -€801 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €39,252 | €23,049 | -€16,203 | -41.3% |
| Income taxes | 67/77 | - | €91 | +€91 | |
| Profit (loss) for the period | 9904 | €39,252 | €22,959 | -€16,294 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,252 | €22,959 | -€16,294 | -41.5% |
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 10 October 2026 via checked.be.