AGifficiency: what changed
AGifficiency
Largest movements
- Cash -€15,858
down €15,858 (-36.6%), from €43,287 to €27,429
mainly Contributions, distributions and other (-€18,400) and Current investments (-€9,709)
- Current investments +€9,709
up €9,709 (+250%), from €3,884 to €13,592
- Receivables within one year +€4,769
up €4,769 (+10.9%), from €43,761 to €48,530
of which Trade receivables: +€9,713
- Tangible fixed assets -€1,302
down €1,302 (-44.3%), from €2,935 to €1,634
- Deferred charges and accrued income -€1,032
down €1,032 (-13.3%), from €7,767 to €6,735
- Debts after one year -€6,000
down €6,000 (-100%), from €6,000 to €0
- Tax, wage and social debts -€5,012
down €5,012 (-51.6%), from €9,722 to €4,710
- Reserves +€4,421
up €4,421 (+10.6%), from €41,558 to €45,979
- Other debts +€2,042
up €2,042 (+8.2%), from €24,770 to €26,812
- Gross operating margin +€6,356
up €6,356 (+23.7%), from €26,804 to €33,159
- Taxes +€1,321
up €1,321 (+25.1%), from €5,257 to €6,578
- Financial income +€583
up €583, from €0 to €583
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,634 | €97,920 | -€3,714 | -3.7% |
| Fixed assets | 21/28 | €2,935 | €1,634 | -€1,302 | -44.3% |
| Tangible fixed assets | 22/27 | €2,935 | €1,634 | -€1,302 | -44.3% |
| Plant, machinery and equipment | 23 | €2,935 | €1,634 | -€1,302 | -44.3% |
| Current assets | 29/58 | €98,698 | €96,286 | -€2,412 | -2.4% |
| Amounts receivable within one year | 40/41 | €43,761 | €48,530 | +€4,769 | +10.9% |
| Trade receivables | 40 | €38,720 | €48,433 | +€9,713 | +25.1% |
| Other amounts receivable | 41 | €5,041 | €97 | -€4,944 | -98.1% |
| Current investments | 50/53 | €3,884 | €13,592 | +€9,709 | +250% |
| Cash at bank and in hand | 54/58 | €43,287 | €27,429 | -€15,858 | -36.6% |
| Deferred charges and accrued income | 490/1 | €7,767 | €6,735 | -€1,032 | -13.3% |
| Total equity and liabilities | 10/49 | €101,634 | €97,920 | -€3,714 | -3.7% |
| Equity | 10/15 | €60,158 | €64,579 | +€4,421 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,558 | €45,979 | +€4,421 | +10.6% |
| Distributable reserves | 133 | €41,558 | €45,979 | +€4,421 | +10.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,476 | €33,341 | -€8,135 | -19.6% |
| Amounts payable after more than one year | 17 | €6,000 | €0 | -€6,000 | -100% |
| Other amounts payable | 178/9 | €6,000 | €0 | -€6,000 | -100% |
| Amounts payable within one year | 42/48 | €35,476 | €33,341 | -€2,135 | -6.0% |
| Financial debts | 43 | €778 | €656 | -€123 | -15.7% |
| Credit institutions | 430/8 | €778 | €656 | -€123 | -15.7% |
| Trade debts | 44 | €206 | €1,164 | +€957 | +464% |
| Suppliers | 440/4 | €206 | €1,164 | +€957 | +464% |
| Taxes, remuneration and social security | 45 | €9,722 | €4,710 | -€5,012 | -51.6% |
| Taxes | 450/3 | €9,722 | €4,710 | -€5,012 | -51.6% |
| Other amounts payable | 47/48 | €24,770 | €26,812 | +€2,042 | +8.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,281 | €1,302 | +€21 | +1.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €26,804 | €33,159 | +€6,356 | +23.7% |
| Operating profit (loss) | 9901 | €25,135 | €31,458 | +€6,323 | +25.2% |
| Financial income | 75/76B | €0 | €583 | +€583 | |
| Recurring financial income | 75 | €0 | €583 | +€583 | |
| Financial charges | 65/66B | €2,812 | €2,643 | -€170 | -6.0% |
| Recurring financial charges | 65 | €2,812 | €2,643 | -€170 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €22,323 | €29,399 | +€7,076 | +31.7% |
| Income taxes | 67/77 | €5,257 | €6,578 | +€1,321 | +25.1% |
| Profit (loss) for the period | 9904 | €17,066 | €22,821 | +€5,755 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,066 | €22,821 | +€5,755 | +33.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.