AGGEREM: 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.
AGGEREM
Largest movements
- Tangible fixed assets -€18,018
down €18,018 (-28.6%), from €63,007 to €44,989
- Intangible fixed assets +€17,640
new in 2025: €17,640
- Receivables within one year +€15,236
up €15,236 (+123.8%), from €12,305 to €27,542
of which Trade receivables: +€15,115
- Cash -€10,097
down €10,097 (-10.1%), from €99,480 to €89,383
mainly Investment in fixed assets (net) (-€18,795) and Receivables within one year (-€15,236)
- Stocks and contracts +€4,101
up €4,101 (+82.1%), from €4,997 to €9,098
- Tax, wage and social debts +€9,764
up €9,764 (+39.6%), from €24,672 to €34,436
of which Remuneration and social security: +€5,122
- Debts after one year -€3,938
down €3,938 (-3.7%), from €106,500 to €102,563
- Profit (loss) carried forward +€3,511
up €3,511 (+40.5%), from €8,671 to €12,182
- Staff costs +€41,502
up €41,502 (+244.6%), from €16,968 to €58,470
- Gross operating margin -€34,165
down €34,165 (-28.1%), from €121,530 to €87,365
- Taxes -€15,369
down €15,369 (-88.4%), from €17,391 to €2,023
- Depreciation -€11,124
down €11,124 (-36.7%), from €30,297 to €19,173
- Financial charges -€3,621
down €3,621 (-47.6%), from €7,614 to €3,993
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 | €217,549 | €224,858 | +€7,310 | +3.4% |
| Fixed assets | 21/28 | €63,007 | €62,629 | -€378 | -0.6% |
| Intangible fixed assets | 21 | - | €17,640 | +€17,640 | |
| Tangible fixed assets | 22/27 | €63,007 | €44,989 | -€18,018 | -28.6% |
| Furniture and vehicles | 24 | €63,007 | €44,989 | -€18,018 | -28.6% |
| Current assets | 29/58 | €154,542 | €162,229 | +€7,687 | +5.0% |
| Stocks and contracts in progress | 3 | €4,997 | €9,098 | +€4,101 | +82.1% |
| Stocks | 30/36 | €4,997 | €9,098 | +€4,101 | +82.1% |
| Amounts receivable within one year | 40/41 | €12,305 | €27,542 | +€15,236 | +123.8% |
| Trade receivables | 40 | €12,251 | €27,366 | +€15,115 | +123.4% |
| Other amounts receivable | 41 | €54 | €176 | +€122 | +224.5% |
| Cash at bank and in hand | 54/58 | €99,480 | €89,383 | -€10,097 | -10.1% |
| Deferred charges and accrued income | 490/1 | €37,759 | €36,206 | -€1,553 | -4.1% |
| Total equity and liabilities | 10/49 | €217,549 | €224,858 | +€7,310 | +3.4% |
| Equity | 10/15 | €73,671 | €77,182 | +€3,511 | +4.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,671 | €12,182 | +€3,511 | +40.5% |
| Amounts payable | 17/49 | €143,878 | €147,676 | +€3,798 | +2.6% |
| Amounts payable after more than one year | 17 | €106,500 | €102,563 | -€3,938 | -3.7% |
| Financial debts | 170/4 | €106,500 | €102,563 | -€3,938 | -3.7% |
| Amounts payable within one year | 42/48 | €33,905 | €41,640 | +€7,736 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €3,938 | €3,938 | = | 0.0% |
| Trade debts | 44 | €5,295 | €3,267 | -€2,028 | -38.3% |
| Suppliers | 440/4 | €5,295 | €3,267 | -€2,028 | -38.3% |
| Taxes, remuneration and social security | 45 | €24,672 | €34,436 | +€9,764 | +39.6% |
| Taxes | 450/3 | €22,523 | €27,165 | +€4,642 | +20.6% |
| Remuneration and social security | 454/9 | €2,149 | €7,271 | +€5,122 | +238.3% |
| Accrued charges and deferred income | 492/3 | €3,474 | €3,474 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €16,968 | €58,470 | +€41,502 | +244.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,297 | €19,173 | -€11,124 | -36.7% |
| Other operating charges | 640/8 | €765 | €784 | +€19 | +2.5% |
| Gross operating margin | 9900 | €121,530 | €87,365 | -€34,165 | -28.1% |
| Operating profit (loss) | 9901 | €73,500 | €8,938 | -€64,562 | -87.8% |
| Financial income | 75/76B | €176 | €589 | +€413 | +234.5% |
| Recurring financial income | 75 | €176 | €589 | +€413 | +234.5% |
| Financial charges | 65/66B | €7,614 | €3,993 | -€3,621 | -47.6% |
| Recurring financial charges | 65 | €7,614 | €3,993 | -€3,621 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €66,062 | €5,534 | -€60,528 | -91.6% |
| Income taxes | 67/77 | €17,391 | €2,023 | -€15,369 | -88.4% |
| Profit (loss) for the period | 9904 | €48,671 | €3,511 | -€45,159 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,671 | €3,511 | -€45,159 | -92.8% |
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 9 October 2026 via checked.be.