AGIRE: 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.
AGIRE
Largest movements
- Cash -€44,089
down €44,089 (-35.7%), from €123,478 to €79,389
mainly Net result for the year (-€34,682) and Debts after one year (-€21,621)
- Tangible fixed assets -€6,540
down €6,540 (-3.1%), from €212,014 to €205,474
- Receivables within one year -€5,639
down €5,639 (-93.1%), from €6,057 to €418
- Profit (loss) carried forward -€34,682
down €34,682 (-14.6%), from €238,175 to €203,494
- Debts after one year -€21,621
down €21,621 (-11.2%), from €193,157 to €171,536
- Gross operating margin -€83,877
down €83,877, from €63,081 to -€20,796
- Taxes -€13,557
no longer reported in 2025 (was €13,557)
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 | €517,044 | €460,776 | -€56,267 | -10.9% |
| Fixed assets | 21/28 | €212,014 | €205,474 | -€6,540 | -3.1% |
| Tangible fixed assets | 22/27 | €212,014 | €205,474 | -€6,540 | -3.1% |
| Land and buildings | 22 | €212,014 | €205,474 | -€6,540 | -3.1% |
| Current assets | 29/58 | €305,030 | €255,302 | -€49,728 | -16.3% |
| Stocks and contracts in progress | 3 | €175,495 | €175,495 | = | 0.0% |
| Stocks | 30/36 | €175,495 | €175,495 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,057 | €418 | -€5,639 | -93.1% |
| Other amounts receivable | 41 | €6,057 | €418 | -€5,639 | -93.1% |
| Cash at bank and in hand | 54/58 | €123,478 | €79,389 | -€44,089 | -35.7% |
| Total equity and liabilities | 10/49 | €517,044 | €460,776 | -€56,267 | -10.9% |
| Equity | 10/15 | €297,054 | €262,373 | -€34,682 | -11.7% |
| Contributions | 10/11 | €57,020 | €57,020 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,175 | €203,494 | -€34,682 | -14.6% |
| Amounts payable | 17/49 | €219,989 | €198,403 | -€21,586 | -9.8% |
| Amounts payable after more than one year | 17 | €193,157 | €171,536 | -€21,621 | -11.2% |
| Financial debts | 170/4 | €193,157 | €171,536 | -€21,621 | -11.2% |
| Amounts payable within one year | 42/48 | €23,832 | €23,867 | +€35 | +0.1% |
| Taxes, remuneration and social security | 45 | €13,557 | €13,557 | = | 0.0% |
| Taxes | 450/3 | €13,557 | €13,557 | = | 0.0% |
| Other amounts payable | 47/48 | €10,275 | €10,310 | +€35 | +0.3% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,474 | €6,540 | +€65 | +1.0% |
| Other operating charges | 640/8 | €3,130 | €3,503 | +€373 | +11.9% |
| Gross operating margin | 9900 | €63,081 | -€20,796 | -€83,877 | |
| Operating profit (loss) | 9901 | €53,476 | -€30,839 | -€84,316 | |
| Financial charges | 65/66B | €4,396 | €3,842 | -€554 | -12.6% |
| Recurring financial charges | 65 | €4,396 | €3,842 | -€554 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €49,080 | -€34,682 | -€83,762 | |
| Income taxes | 67/77 | €13,557 | - | -€13,557 | |
| Profit (loss) for the period | 9904 | €35,523 | -€34,682 | -€70,205 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,523 | -€34,682 | -€70,205 |
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 9 October 2026 via checked.be.