AGGERIS: 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.
What changed
AGGERIS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €2.8m-€528,654
Equity
€12.5m
2024 · €10.2m+€2.2m
Cash
€345,170
2024 · €228,676+€116,494
Balance sheet total
€32.0m
2024 · €29.5m+€2.5m
Largest movements
Assets
- Receivables within one year +€5.1m
up €5.1m (+753%), from €680,147 to €5.8m
of which Trade receivables: +€5.0m
- Stocks and contracts -€3.2m
down €3.2m (-40.5%), from €7.9m to €4.7m
Equity and liabilities
- Debts after one year +€2.6m
up €2.6m (+48.0%), from €5.3m to €7.9m
of which Financial debts: +€3.6m
- Short-term financial debts -€2.4m
down €2.4m (-28.4%), from €8.3m to €6.0m
- Reserves +€2.2m
up €2.2m (+22.0%), from €10.0m to €12.2m
of which Distributable reserves: +€1.2m
Income statement
- Gross operating margin -€1.7m
down €1.7m (-31.9%), from €5.4m to €3.7m
- Depreciation -€708,655
down €708,655 (-76.3%), from €928,425 to €219,771
- Financial charges -€238,011
down €238,011 (-32.2%), from €740,104 to €502,093
- Taxes -€204,261
down €204,261 (-22.1%), from €925,241 to €720,980
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.
Result 2024
€2.8m
Gross operating margin
-€1.7m
Depreciation
+€708,655
Other operating charges
+€2,671
Financial income
+€30,603
Financial charges
+€238,011
Taxes
+€204,261
Result 2025
€2.2m
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€542,326
Investment
-€659,115
Financing
+€233,283
Cash 2024
€228,676
From operations (derived)
+€542,326
Net result for the year
+€2.2m
Depreciation
+€219,771
Stocks and contracts
+€3.2m
Receivables within one year
-€5.1m
Deferred charges and accrued income
-€1,343
Trade debts
+€119,379
Tax, wage and social debts
+€65,423
Advances received
-€65,000
Other debts
-€111,521
Investment (derived)
-€659,115
Investment in fixed assets (net)
-€344,815
Current investments
-€314,300
Financing
+€233,283
Debts after one year
+€2.6m
Current portion of long-term debt
+€42,661
Short-term financial debts
-€2.4m
Cash 2025
€345,170
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,492,025 | €31,960,876 | +€2.5m | +8.4% |
| Fixed assets | 21/28 | €20,455,940 | €20,580,985 | +€125,045 | +0.6% |
| Tangible fixed assets | 22/27 | €16,101,513 | €16,226,558 | +€125,045 | +0.8% |
| Land and buildings | 22 | €16,083,837 | €16,220,726 | +€136,890 | +0.9% |
| Furniture and vehicles | 24 | €17,677 | €5,832 | -€11,845 | -67.0% |
| Financial fixed assets | 28 | €4,354,427 | €4,354,427 | = | 0.0% |
| Current assets | 29/58 | €9,036,085 | €11,379,892 | +€2.3m | +25.9% |
| Stocks and contracts in progress | 3 | €7,938,511 | €4,726,296 | -€3.2m | -40.5% |
| Stocks | 30/36 | €7,938,511 | €4,726,296 | -€3.2m | -40.5% |
| Amounts receivable within one year | 40/41 | €680,147 | €5,804,033 | +€5.1m | +753% |
| Trade receivables | 40 | €275,000 | €5,303,786 | +€5.0m | +1,829% |
| Other amounts receivable | 41 | €405,147 | €500,247 | +€95,100 | +23.5% |
| Current investments | 50/53 | €188,185 | €502,485 | +€314,300 | +167% |
| Cash at bank and in hand | 54/58 | €228,676 | €345,170 | +€116,494 | +50.9% |
| Deferred charges and accrued income | 490/1 | €566 | €1,909 | +€1,343 | +237% |
| Total equity and liabilities | 10/49 | €29,492,025 | €31,960,876 | +€2.5m | +8.4% |
| Equity | 10/15 | €10,239,717 | €12,467,004 | +€2.2m | +21.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,995,540 | €12,193,310 | +€2.2m | +22.0% |
| Tax-exempt reserves | 132 | €1,995,540 | €2,950,126 | +€954,586 | +47.8% |
| Distributable reserves | 133 | €8,000,000 | €9,243,184 | +€1.2m | +15.5% |
| Profit (loss) carried forward | 14 | €225,577 | €255,094 | +€29,517 | +13.1% |
| Amounts payable | 17/49 | €19,252,308 | €19,493,873 | +€241,564 | +1.3% |
| Amounts payable after more than one year | 17 | €5,343,683 | €7,906,805 | +€2.6m | +48.0% |
| Financial debts | 170/4 | €2,841,703 | €6,451,761 | +€3.6m | +127% |
| Trade debts | 175 | €2,501,980 | €1,455,044 | -€1.0m | -41.8% |
| Amounts payable within one year | 42/48 | €13,908,625 | €11,587,068 | -€2.3m | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €1,761,148 | €1,803,809 | +€42,661 | +2.4% |
| Financial debts | 43 | €8,343,250 | €5,970,750 | -€2.4m | -28.4% |
| Credit institutions | 430/8 | €8,343,250 | €5,970,750 | -€2.4m | -28.4% |
| Trade debts | 44 | €9,622 | €129,001 | +€119,379 | +1,241% |
| Suppliers | 440/4 | €9,622 | €129,001 | +€119,379 | +1,241% |
| Advances received on contracts in progress | 46 | €65,000 | - | -€65,000 | |
| Taxes, remuneration and social security | 45 | €128,574 | €193,998 | +€65,423 | +50.9% |
| Taxes | 450/3 | €128,574 | €193,998 | +€65,423 | +50.9% |
| Other amounts payable | 47/48 | €3,601,031 | €3,489,510 | -€111,521 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €928,425 | €219,771 | -€708,655 | -76.3% |
| Other operating charges | 640/8 | €20,025 | €17,354 | -€2,671 | -13.3% |
| Gross operating margin | 9900 | €5,368,316 | €3,655,462 | -€1.7m | -31.9% |
| Operating profit (loss) | 9901 | €4,419,865 | €3,418,337 | -€1.0m | -22.7% |
| Financial income | 75/76B | €1,420 | €32,023 | +€30,603 | +2,155% |
| Recurring financial income | 75 | €1,420 | €32,023 | +€30,603 | +2,155% |
| Financial charges | 65/66B | €740,104 | €502,093 | -€238,011 | -32.2% |
| Recurring financial charges | 65 | €740,104 | €502,093 | -€238,011 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €3,681,181 | €2,948,267 | -€732,914 | -19.9% |
| Income taxes | 67/77 | €925,241 | €720,980 | -€204,261 | -22.1% |
| Profit (loss) for the period | 9904 | €2,755,941 | €2,227,287 | -€528,654 | -19.2% |
| Transfer from tax-exempt reserves | 789 | - | €43,184 | +€43,184 | |
| Transfer to tax-exempt reserves | 689 | €997,770 | €997,770 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,758,171 | €1,272,701 | -€485,470 | -27.6% |
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 29 October 2026 via checked.be.