AGIFLY: 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.
AGIFLY
Largest movements
- Receivables within one year -€140,921
down €140,921 (-40.1%), from €351,163 to €210,242
of which Trade receivables: -€147,608
- Deferred charges and accrued income +€60,980
up €60,980 (+5,355%), from €1,139 to €62,119
- Cash -€44,986
down €44,986 (-67.3%), from €66,841 to €21,855
mainly Debts after one year (-€89,109) and Deferred charges and accrued income (-€60,980)
- Debts after one year -€89,109
down €89,109 (-47.2%), from €188,641 to €99,532
- Current portion of long-term debt -€25,442
down €25,442 (-27.1%), from €93,993 to €68,552
- Tax, wage and social debts -€9,550
down €9,550 (-10.7%), from €88,892 to €79,342
of which Taxes: -€5,394
- Trade debts -€7,826
down €7,826 (-21.0%), from €37,338 to €29,512
- Profit (loss) carried forward +€4,442
up €4,442 (+41.5%), from €10,706 to €15,148
- Gross operating margin -€121,407
down €121,407 (-46.5%), from €261,012 to €139,605
- Staff costs -€22,883
down €22,883 (-15.3%), from €149,569 to €126,686
- Financial charges -€19,871
down €19,871 (-81.4%), from €24,403 to €4,532
- Financial income -€9,625
down €9,625 (-93.3%), from €10,316 to €691
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 | €419,870 | €294,615 | -€125,255 | -29.8% |
| Fixed assets | 21/28 | €727 | €400 | -€327 | -45.0% |
| Tangible fixed assets | 22/27 | €727 | €400 | -€327 | -45.0% |
| Furniture and vehicles | 24 | €727 | €400 | -€327 | -45.0% |
| Current assets | 29/58 | €419,143 | €294,215 | -€124,928 | -29.8% |
| Amounts receivable within one year | 40/41 | €351,163 | €210,242 | -€140,921 | -40.1% |
| Trade receivables | 40 | €341,679 | €194,071 | -€147,608 | -43.2% |
| Other amounts receivable | 41 | €9,484 | €16,171 | +€6,687 | +70.5% |
| Cash at bank and in hand | 54/58 | €66,841 | €21,855 | -€44,986 | -67.3% |
| Deferred charges and accrued income | 490/1 | €1,139 | €62,119 | +€60,980 | +5,355% |
| Total equity and liabilities | 10/49 | €419,870 | €294,615 | -€125,255 | -29.8% |
| Equity | 10/15 | €11,006 | €15,448 | +€4,442 | +40.4% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,706 | €15,148 | +€4,442 | +41.5% |
| Amounts payable | 17/49 | €408,864 | €279,167 | -€129,697 | -31.7% |
| Amounts payable after more than one year | 17 | €188,641 | €99,532 | -€89,109 | -47.2% |
| Financial debts | 170/4 | €188,641 | €99,532 | -€89,109 | -47.2% |
| Amounts payable within one year | 42/48 | €220,223 | €177,406 | -€42,817 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €93,993 | €68,552 | -€25,442 | -27.1% |
| Trade debts | 44 | €37,338 | €29,512 | -€7,826 | -21.0% |
| Suppliers | 440/4 | €37,338 | €29,512 | -€7,826 | -21.0% |
| Taxes, remuneration and social security | 45 | €88,892 | €79,342 | -€9,550 | -10.7% |
| Taxes | 450/3 | €62,557 | €57,163 | -€5,394 | -8.6% |
| Remuneration and social security | 454/9 | €26,335 | €22,179 | -€4,156 | -15.8% |
| Accrued charges and deferred income | 492/3 | - | €2,229 | +€2,229 | |
| Remuneration, social security and pensions | 62 | €149,569 | €126,686 | -€22,883 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255 | €327 | +€72 | +28.4% |
| Other operating charges | 640/8 | €384 | €475 | +€90 | +23.5% |
| Gross operating margin | 9900 | €261,012 | €139,605 | -€121,407 | -46.5% |
| Operating profit (loss) | 9901 | €110,803 | €12,117 | -€98,687 | -89.1% |
| Financial income | 75/76B | €10,316 | €691 | -€9,625 | -93.3% |
| Recurring financial income | 75 | €10,316 | €691 | -€9,625 | -93.3% |
| Financial charges | 65/66B | €24,403 | €4,532 | -€19,871 | -81.4% |
| Recurring financial charges | 65 | €24,403 | €4,532 | -€19,871 | -81.4% |
| Profit (loss) for the period before taxes | 9903 | €96,717 | €8,277 | -€88,440 | -91.4% |
| Income taxes | 67/77 | €5,653 | €3,835 | -€1,818 | -32.2% |
| Profit (loss) for the period | 9904 | €91,064 | €4,442 | -€86,622 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,064 | €4,442 | -€86,622 | -95.1% |
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 1 November 2026 via checked.be.