AGIM: what changed
Two fiscal 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.
AGIM
Largest movements
- Cash -€252,709
down €252,709 (-74.6%), from €338,959 to €86,250
mainly Provisions (-€201,268) and Net result for the year (-€53,440)
- Tangible fixed assets -€23,627
down €23,627 (-3.3%), from €712,667 to €689,040
of which Land and buildings: -€23,375
- Receivables within one year +€21,006
up €21,006 (+61.7%), from €34,058 to €55,064
of which Other amounts receivable: +€21,006
- Reserves -€636,909
down €636,909 (-78.3%), from €813,748 to €176,839
of which Tax-exempt reserves: -€601,542
- Profit (loss) carried forward +€548,102
new in 2025: €548,102
- Provisions -€201,268
down €201,268 (-83.2%), from €241,950 to €40,682
- Tax, wage and social debts +€37,103
new in 2025: €37,103
- Taxes +€238,067
up €238,067 (+80958.6%), from €294 to €238,361
- Financial income +€3,304
up €3,304 (+181.8%), from €1,817 to €5,121
- Gross operating margin +€1,396
up €1,396 (+34.9%), from €4,000 to €5,396
- Other operating charges +€881
up €881 (+79.0%), from €1,114 to €1,995
- Depreciation +€92
up €92 (+0.4%), from €24,733 to €24,826
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 | €1,087,533 | €832,346 | -€255,186 | -23.5% |
| Fixed assets | 21/28 | €712,667 | €689,040 | -€23,627 | -3.3% |
| Tangible fixed assets | 22/27 | €712,667 | €689,040 | -€23,627 | -3.3% |
| Land and buildings | 22 | €709,285 | €685,910 | -€23,375 | -3.3% |
| Furniture and vehicles | 24 | €3,382 | €3,130 | -€252 | -7.4% |
| Current assets | 29/58 | €374,866 | €143,306 | -€231,560 | -61.8% |
| Amounts receivable after more than one year | 29 | €1,046 | €0 | -€1,046 | -100.0% |
| Other amounts receivable | 291 | €1,046 | €0 | -€1,046 | -100.0% |
| Amounts receivable within one year | 40/41 | €34,058 | €55,064 | +€21,006 | +61.7% |
| Trade receivables | 40 | €2,108 | €2,108 | = | 0.0% |
| Other amounts receivable | 41 | €31,950 | €52,957 | +€21,006 | +65.7% |
| Cash at bank and in hand | 54/58 | €338,959 | €86,250 | -€252,709 | -74.6% |
| Deferred charges and accrued income | 490/1 | €803 | €1,992 | +€1,189 | +148.0% |
| Total equity and liabilities | 10/49 | €1,087,533 | €832,346 | -€255,186 | -23.5% |
| Equity | 10/15 | €842,048 | €753,241 | -€88,807 | -10.5% |
| Contributions | 10/11 | €28,300 | €28,300 | = | 0.0% |
| Reserves | 13 | €813,748 | €176,839 | -€636,909 | -78.3% |
| Non-distributable reserves | 130/1 | €2,830 | €2,830 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,830 | €2,830 | = | 0.0% |
| Tax-exempt reserves | 132 | €680,548 | €79,006 | -€601,542 | -88.4% |
| Distributable reserves | 133 | €130,370 | €95,003 | -€35,367 | -27.1% |
| Profit (loss) carried forward | 14 | - | €548,102 | +€548,102 | |
| Provisions and deferred taxes | 16 | €241,950 | €40,682 | -€201,268 | -83.2% |
| Deferred taxes | 168 | €241,950 | €40,682 | -€201,268 | -83.2% |
| Amounts payable | 17/49 | €3,535 | €38,423 | +€34,889 | +987.0% |
| Amounts payable within one year | 42/48 | €3,535 | €38,423 | +€34,889 | +987.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €751 | €1,320 | +€569 | +75.8% |
| Suppliers | 440/4 | €751 | €1,320 | +€569 | +75.8% |
| Taxes, remuneration and social security | 45 | - | €37,103 | +€37,103 | |
| Taxes | 450/3 | - | €37,103 | +€37,103 | |
| Other amounts payable | 47/48 | €2,784 | €0 | -€2,784 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,733 | €24,826 | +€92 | +0.4% |
| Other operating charges | 640/8 | €1,114 | €1,995 | +€881 | +79.0% |
| Gross operating margin | 9900 | €4,000 | €5,396 | +€1,396 | +34.9% |
| Operating profit (loss) | 9901 | -€21,848 | -€21,425 | +€423 | +1.9% |
| Financial income | 75/76B | €1,817 | €5,121 | +€3,304 | +181.8% |
| Recurring financial income | 75 | €1,817 | €5,121 | +€3,304 | +181.8% |
| Financial charges | 65/66B | €38 | €44 | +€5 | +13.7% |
| Recurring financial charges | 65 | €38 | €44 | +€5 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,069 | -€16,347 | +€3,721 | +18.5% |
| Transfer from deferred taxes | 780 | €5,779 | €201,268 | +€195,489 | +3382.6% |
| Income taxes | 67/77 | €294 | €238,361 | +€238,067 | +80958.6% |
| Profit (loss) for the period | 9904 | -€14,584 | -€53,440 | -€38,857 | -266.4% |
| Transfer from tax-exempt reserves | 789 | €15,076 | €601,542 | +€586,466 | +3890.0% |
| Profit (loss) for the period to be appropriated | 9905 | €493 | €548,102 | +€547,609 | +111153.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.