AGIMOBEL: 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.
AGIMOBEL
Largest movements
- Cash -€61,691
down €61,691 (-52.7%), from €117,094 to €55,404
mainly Net result for the year (-€52,871) and Debts after one year (-€43,104)
- Receivables within one year -€24,434
down €24,434 (-16.0%), from €152,762 to €128,328
of which Trade receivables: -€38,942
- Tangible fixed assets -€20,533
down €20,533 (-4.7%), from €437,734 to €417,201
of which Land and buildings: -€12,654
- Reserves -€72,871
down €72,871 (-15.9%), from €459,499 to €386,628
of which Distributable reserves: -€70,953
- Debts after one year -€43,104
down €43,104 (-83.4%), from €51,663 to €8,558
- Current portion of long-term debt +€20,151
up €20,151 (+87.8%), from €22,954 to €43,104
- Other debts -€11,578
down €11,578 (-32.7%), from €35,363 to €23,784
- Staff costs +€145,751
up €145,751 (+120%), from €121,043 to €266,794
- Taxes -€23,840
down €23,840 (-99.4%), from €23,973 to €133
- Other operating charges -€12,717
down €12,717 (-32.8%), from €38,743 to €26,026
- Gross operating margin +€5,168
up €5,168 (+2.0%), from €255,583 to €260,751
- Depreciation +€3,980
up €3,980 (+24.0%), from €16,553 to €20,533
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 | €715,556 | €609,645 | -€105,911 | -14.8% |
| Fixed assets | 21/28 | €437,734 | €417,201 | -€20,533 | -4.7% |
| Tangible fixed assets | 22/27 | €437,734 | €417,201 | -€20,533 | -4.7% |
| Land and buildings | 22 | €401,658 | €389,004 | -€12,654 | -3.2% |
| Plant, machinery and equipment | 23 | €6,470 | €4,993 | -€1,477 | -22.8% |
| Furniture and vehicles | 24 | €25,755 | €19,353 | -€6,402 | -24.9% |
| Other tangible fixed assets | 26 | €3,850 | €3,850 | = | 0.0% |
| Current assets | 29/58 | €277,822 | €192,444 | -€85,378 | -30.7% |
| Amounts receivable within one year | 40/41 | €152,762 | €128,328 | -€24,434 | -16.0% |
| Trade receivables | 40 | €107,995 | €69,053 | -€38,942 | -36.1% |
| Other amounts receivable | 41 | €44,767 | €59,275 | +€14,508 | +32.4% |
| Cash at bank and in hand | 54/58 | €117,094 | €55,404 | -€61,691 | -52.7% |
| Deferred charges and accrued income | 490/1 | €7,966 | €8,712 | +€746 | +9.4% |
| Total equity and liabilities | 10/49 | €715,556 | €609,645 | -€105,911 | -14.8% |
| Equity | 10/15 | €543,574 | €470,703 | -€72,871 | -13.4% |
| Contributions | 10/11 | €84,075 | €84,075 | = | 0.0% |
| Reserves | 13 | €459,499 | €386,628 | -€72,871 | -15.9% |
| Non-distributable reserves | 130/1 | €8,408 | €8,408 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,408 | €8,408 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,594 | €27,676 | -€1,918 | -6.5% |
| Distributable reserves | 133 | €421,497 | €350,544 | -€70,953 | -16.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €7,393 | €6,913 | -€480 | -6.5% |
| Deferred taxes | 168 | €7,393 | €6,913 | -€480 | -6.5% |
| Amounts payable | 17/49 | €164,590 | €132,029 | -€32,561 | -19.8% |
| Amounts payable after more than one year | 17 | €51,663 | €8,558 | -€43,104 | -83.4% |
| Financial debts | 170/4 | €51,663 | €8,558 | -€43,104 | -83.4% |
| Amounts payable within one year | 42/48 | €110,819 | €123,470 | +€12,651 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €22,954 | €43,104 | +€20,151 | +87.8% |
| Financial debts | 43 | €162 | €1,445 | +€1,283 | +791% |
| Credit institutions | 430/8 | €162 | €1,445 | +€1,283 | +791% |
| Trade debts | 44 | €11,830 | €18,763 | +€6,933 | +58.6% |
| Suppliers | 440/4 | €11,830 | €18,763 | +€6,933 | +58.6% |
| Taxes, remuneration and social security | 45 | €40,512 | €36,374 | -€4,138 | -10.2% |
| Taxes | 450/3 | €31,553 | €11,185 | -€20,368 | -64.6% |
| Remuneration and social security | 454/9 | €8,959 | €25,189 | +€16,230 | +181% |
| Other amounts payable | 47/48 | €35,363 | €23,784 | -€11,578 | -32.7% |
| Accrued charges and deferred income | 492/3 | €2,108 | €0 | -€2,108 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €121,043 | €266,794 | +€145,751 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,553 | €20,533 | +€3,980 | +24.0% |
| Other operating charges | 640/8 | €38,743 | €26,026 | -€12,717 | -32.8% |
| Non-recurring operating charges | 66A | €0 | €40 | +€40 | |
| Gross operating margin | 9900 | €255,583 | €260,751 | +€5,168 | +2.0% |
| Operating profit (loss) | 9901 | €79,242 | -€52,643 | -€131,885 | |
| Financial income | 75/76B | €1,663 | €2,183 | +€520 | +31.2% |
| Recurring financial income | 75 | €1,663 | €2,183 | +€520 | +31.2% |
| Financial charges | 65/66B | €2,353 | €2,757 | +€403 | +17.1% |
| Recurring financial charges | 65 | €2,353 | €2,757 | +€403 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €78,552 | -€53,217 | -€131,769 | |
| Transfer from deferred taxes | 780 | €527 | €480 | -€47 | -9.0% |
| Income taxes | 67/77 | €23,973 | €133 | -€23,840 | -99.4% |
| Profit (loss) for the period | 9904 | €55,106 | -€52,871 | -€107,977 | |
| Transfer from tax-exempt reserves | 789 | €2,108 | €1,918 | -€190 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,214 | -€50,953 | -€108,166 |
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.