AGHT: 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.
AGHT
Largest movements
- Cash +€15,732
up €15,732 (+82.8%), from €19,011 to €34,743
mainly Other debts (+€94,908) and Net result for the year (+€36,381)
- Tangible fixed assets +€5,127
up €5,127 (+53.2%), from €9,639 to €14,766
of which Furniture and vehicles: +€6,488
- Receivables within one year +€2,584
up €2,584 (+1.5%), from €169,574 to €172,158
of which Other amounts receivable: +€18,807
- Other debts +€94,908
new in 2025: €94,908
- Reserves -€58,527
down €58,527 (-35.2%), from €166,062 to €107,535
- Tax, wage and social debts -€12,521
down €12,521 (-47.0%), from €26,639 to €14,119
- Gross operating margin -€15,270
down €15,270 (-21.8%), from €69,913 to €54,643
- Financial income +€3,174
up €3,174 (+76.9%), from €4,125 to €7,300
- Taxes -€2,506
down €2,506 (-12.6%), from €19,877 to €17,371
- Depreciation +€1,048
up €1,048 (+26.0%), from €4,040 to €5,089
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 | €199,273 | €222,762 | +€23,489 | +11.8% |
| Fixed assets | 21/28 | €10,489 | €15,616 | +€5,127 | +48.9% |
| Tangible fixed assets | 22/27 | €9,639 | €14,766 | +€5,127 | +53.2% |
| Plant, machinery and equipment | 23 | €9,347 | €7,986 | -€1,360 | -14.6% |
| Furniture and vehicles | 24 | €292 | €6,780 | +€6,488 | +2221.0% |
| Financial fixed assets | 28 | €850 | €850 | = | 0.0% |
| Current assets | 29/58 | €188,784 | €207,146 | +€18,362 | +9.7% |
| Amounts receivable within one year | 40/41 | €169,574 | €172,158 | +€2,584 | +1.5% |
| Trade receivables | 40 | €28,226 | €12,003 | -€16,224 | -57.5% |
| Other amounts receivable | 41 | €141,348 | €160,156 | +€18,807 | +13.3% |
| Cash at bank and in hand | 54/58 | €19,011 | €34,743 | +€15,732 | +82.8% |
| Deferred charges and accrued income | 490/1 | €199 | €245 | +€46 | +23.1% |
| Total equity and liabilities | 10/49 | €199,273 | €222,762 | +€23,489 | +11.8% |
| Equity | 10/15 | €172,262 | €113,735 | -€58,527 | -34.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €166,062 | €107,535 | -€58,527 | -35.2% |
| Distributable reserves | 133 | €166,062 | €107,535 | -€58,527 | -35.2% |
| Amounts payable | 17/49 | €27,011 | €109,027 | +€82,016 | +303.6% |
| Amounts payable within one year | 42/48 | €27,011 | €109,027 | +€82,016 | +303.6% |
| Trade debts | 44 | €372 | - | -€372 | |
| Suppliers | 440/4 | €372 | - | -€372 | |
| Taxes, remuneration and social security | 45 | €26,639 | €14,119 | -€12,521 | -47.0% |
| Taxes | 450/3 | €26,639 | €14,119 | -€12,521 | -47.0% |
| Other amounts payable | 47/48 | - | €94,908 | +€94,908 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,040 | €5,089 | +€1,048 | +26.0% |
| Other operating charges | 640/8 | €1,390 | €1,043 | -€346 | -24.9% |
| Gross operating margin | 9900 | €69,913 | €54,643 | -€15,270 | -21.8% |
| Operating profit (loss) | 9901 | €64,483 | €48,511 | -€15,972 | -24.8% |
| Financial income | 75/76B | €4,125 | €7,300 | +€3,174 | +76.9% |
| Recurring financial income | 75 | €4,125 | €7,300 | +€3,174 | +76.9% |
| Financial charges | 65/66B | €1,636 | €2,059 | +€423 | +25.9% |
| Recurring financial charges | 65 | €1,636 | €2,059 | +€423 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €66,973 | €53,752 | -€13,221 | -19.7% |
| Income taxes | 67/77 | €19,877 | €17,371 | -€2,506 | -12.6% |
| Profit (loss) for the period | 9904 | €47,096 | €36,381 | -€10,715 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,096 | €36,381 | -€10,715 | -22.8% |
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 10 October 2026 via checked.be.