AGH BELGIUM: 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.
AGH BELGIUM
Largest movements
- Cash +€17,852
up €17,852 (+171%), from €10,456 to €28,308
mainly Net result for the year (+€28,488) and Depreciation (+€12,750)
- Tangible fixed assets -€12,750
down €12,750 (-3.3%), from €391,769 to €379,019
- Debts after one year -€29,455
down €29,455 (-14.7%), from €200,790 to €171,335
- Reserves +€28,000
new in 2025: €28,000
- Tax, wage and social debts +€5,391
up €5,391 (+2,331%), from €231 to €5,622
- Gross operating margin +€17,233
up €17,233 (+40.2%), from €42,861 to €60,094
- Taxes +€10,389
up €10,389 (+4,461%), from €233 to €10,622
- Financial charges -€1,289
down €1,289 (-23.6%), from €5,456 to €4,167
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €402,232 | €407,327 | +€5,095 | +1.3% |
| Fixed assets | 21/28 | €391,769 | €379,019 | -€12,750 | -3.3% |
| Tangible fixed assets | 22/27 | €391,769 | €379,019 | -€12,750 | -3.3% |
| Land and buildings | 22 | €391,769 | €379,019 | -€12,750 | -3.3% |
| Current assets | 29/58 | €10,464 | €28,308 | +€17,845 | +171% |
| Amounts receivable within one year | 40/41 | €4 | €0 | -€4 | -100% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100% |
| Cash at bank and in hand | 54/58 | €10,456 | €28,308 | +€17,852 | +171% |
| Deferred charges and accrued income | 490/1 | €4 | €0 | -€4 | -100% |
| Total equity and liabilities | 10/49 | €402,232 | €407,327 | +€5,095 | +1.3% |
| Equity | 10/15 | €20,932 | €49,420 | +€28,488 | +136% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €28,000 | +€28,000 | |
| Distributable reserves | 133 | - | €28,000 | +€28,000 | |
| Profit (loss) carried forward | 14 | €932 | €1,420 | +€488 | +52.4% |
| Amounts payable | 17/49 | €381,301 | €357,907 | -€23,394 | -6.1% |
| Amounts payable after more than one year | 17 | €200,790 | €171,335 | -€29,455 | -14.7% |
| Financial debts | 170/4 | €200,790 | €171,335 | -€29,455 | -14.7% |
| Amounts payable within one year | 42/48 | €175,511 | €181,572 | +€6,062 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €28,955 | €29,455 | +€500 | +1.7% |
| Taxes, remuneration and social security | 45 | €231 | €5,622 | +€5,391 | +2,331% |
| Taxes | 450/3 | €231 | €5,622 | +€5,391 | +2,331% |
| Other amounts payable | 47/48 | €146,324 | €146,495 | +€171 | +0.1% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €648 | +€648 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,750 | €12,750 | = | 0.0% |
| Other operating charges | 640/8 | €3,967 | €4,067 | +€101 | +2.5% |
| Gross operating margin | 9900 | €42,861 | €60,094 | +€17,233 | +40.2% |
| Operating profit (loss) | 9901 | €26,145 | €43,277 | +€17,132 | +65.5% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €5,456 | €4,167 | -€1,289 | -23.6% |
| Recurring financial charges | 65 | €5,456 | €4,167 | -€1,289 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €20,694 | €39,110 | +€18,416 | +89.0% |
| Income taxes | 67/77 | €233 | €10,622 | +€10,389 | +4,461% |
| Profit (loss) for the period | 9904 | €20,461 | €28,488 | +€8,027 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,461 | €28,488 | +€8,027 | +39.2% |
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 19 October 2026 via checked.be.