AGIR: 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.
AGIR
Largest movements
- Tangible fixed assets -€5,264
down €5,264 (-4.5%), from €115,866 to €110,601
of which Land and buildings: -€4,972
- Deferred charges and accrued income -€1,314
no longer reported in 2025 (was €1,314)
- Debts after one year -€200,000
no longer reported in 2025 (was €200,000)
- Other debts +€198,693
up €198,693 (+274.3%), from €72,427 to €271,120
- Trade debts -€3,996
down €3,996 (-82.8%), from €4,824 to €828
- Taxes -€55,079
down €55,079 (-99.9%), from €55,142 to €63
- Gross operating margin -€6,747
down €6,747 (-39.5%), from €17,066 to €10,319
- Depreciation -€413
down €413 (-7.3%), from €5,677 to €5,264
- Financial charges +€256
up €256 (+46.5%), from €551 to €807
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,179 | €111,476 | -€5,703 | -4.9% |
| Fixed assets | 21/28 | €115,866 | €110,601 | -€5,264 | -4.5% |
| Tangible fixed assets | 22/27 | €115,866 | €110,601 | -€5,264 | -4.5% |
| Land and buildings | 22 | €115,574 | €110,601 | -€4,972 | -4.3% |
| Furniture and vehicles | 24 | €292 | - | -€292 | |
| Current assets | 29/58 | €1,314 | €874 | -€439 | -33.4% |
| Amounts receivable within one year | 40/41 | - | €874 | +€874 | |
| Trade receivables | 40 | - | €874 | +€874 | |
| Deferred charges and accrued income | 490/1 | €1,314 | - | -€1,314 | |
| Total equity and liabilities | 10/49 | €117,179 | €111,476 | -€5,703 | -4.9% |
| Equity | 10/15 | -€167,512 | -€167,293 | +€219 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,185 | €37,185 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,325 | €35,325 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€210,897 | -€210,678 | +€219 | +0.1% |
| Amounts payable | 17/49 | €284,691 | €278,769 | -€5,922 | -2.1% |
| Amounts payable after more than one year | 17 | €200,000 | - | -€200,000 | |
| Other amounts payable | 178/9 | €200,000 | - | -€200,000 | |
| Amounts payable within one year | 42/48 | €84,691 | €278,769 | +€194,078 | +229.2% |
| Financial debts | 43 | €5,536 | €4,854 | -€682 | -12.3% |
| Credit institutions | 430/8 | €5,536 | €4,854 | -€682 | -12.3% |
| Trade debts | 44 | €4,824 | €828 | -€3,996 | -82.8% |
| Suppliers | 440/4 | €4,824 | €828 | -€3,996 | -82.8% |
| Taxes, remuneration and social security | 45 | €1,905 | €1,968 | +€63 | +3.3% |
| Taxes | 450/3 | €1,905 | €1,968 | +€63 | +3.3% |
| Other amounts payable | 47/48 | €72,427 | €271,120 | +€198,693 | +274.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,677 | €5,264 | -€413 | -7.3% |
| Other operating charges | 640/8 | €3,907 | €3,967 | +€59 | +1.5% |
| Gross operating margin | 9900 | €17,066 | €10,319 | -€6,747 | -39.5% |
| Operating profit (loss) | 9901 | €7,481 | €1,088 | -€6,393 | -85.5% |
| Financial charges | 65/66B | €551 | €807 | +€256 | +46.5% |
| Recurring financial charges | 65 | €551 | €807 | +€256 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | €6,930 | €282 | -€6,649 | -95.9% |
| Income taxes | 67/77 | €55,142 | €63 | -€55,079 | -99.9% |
| Profit (loss) for the period | 9904 | -€48,211 | €219 | +€48,430 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,211 | €219 | +€48,430 |
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 11 October 2026 via checked.be.