AGIUS: 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.
AGIUS
Largest movements
- Receivables within one year +€81,876
up €81,876 (+31.8%), from €257,476 to €339,353
of which Trade receivables: +€77,672
- Tangible fixed assets -€21,114
down €21,114 (-30.3%), from €69,576 to €48,461
of which Furniture and vehicles: -€10,789
- Cash -€4,907
down €4,907 (-96.1%), from €5,104 to €197
mainly Receivables within one year (-€81,876) and Debts after one year (-€15,187)
- Trade debts +€36,136
up €36,136 (+64.0%), from €56,472 to €92,608
- Tax, wage and social debts +€28,812
up €28,812 (+401.8%), from €7,171 to €35,983
of which Taxes: +€20,718
- Debts after one year -€15,187
down €15,187 (-29.9%), from €50,836 to €35,649
- Other debts +€4,968
up €4,968 (+43.8%), from €11,331 to €16,299
- Staff costs +€25,714
up €25,714 (+118.6%), from €21,681 to €47,396
- Gross operating margin +€16,895
up €16,895 (+21.5%), from €78,693 to €95,588
- Depreciation +€11,128
up €11,128 (+95.1%), from €11,706 to €22,834
- Taxes -€2,996
down €2,996 (-30.1%), from €9,943 to €6,947
- Other operating charges -€1,748
down €1,748 (-90.2%), from €1,939 to €191
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 | €411,408 | €470,109 | +€58,701 | +14.3% |
| Fixed assets | 21/28 | €70,073 | €48,959 | -€21,114 | -30.1% |
| Tangible fixed assets | 22/27 | €69,576 | €48,461 | -€21,114 | -30.3% |
| Furniture and vehicles | 24 | €35,275 | €24,486 | -€10,789 | -30.6% |
| Leasing and similar rights | 25 | €31,654 | €22,521 | -€9,133 | -28.9% |
| Other tangible fixed assets | 26 | €2,647 | €1,454 | -€1,192 | -45.1% |
| Financial fixed assets | 28 | €498 | €498 | = | 0.0% |
| Current assets | 29/58 | €341,335 | €421,150 | +€79,815 | +23.4% |
| Stocks and contracts in progress | 3 | €71,976 | €73,234 | +€1,258 | +1.7% |
| Contracts in progress | 37 | €71,976 | €73,234 | +€1,258 | +1.7% |
| Amounts receivable within one year | 40/41 | €257,476 | €339,353 | +€81,876 | +31.8% |
| Trade receivables | 40 | €79,656 | €157,328 | +€77,672 | +97.5% |
| Other amounts receivable | 41 | €177,821 | €182,025 | +€4,204 | +2.4% |
| Current investments | 50/53 | €2 | €2 | +€0 | +0.4% |
| Cash at bank and in hand | 54/58 | €5,104 | €197 | -€4,907 | -96.1% |
| Deferred charges and accrued income | 490/1 | €6,776 | €8,364 | +€1,588 | +23.4% |
| Total equity and liabilities | 10/49 | €411,408 | €470,109 | +€58,701 | +14.3% |
| Equity | 10/15 | €88,676 | €92,963 | +€4,287 | +4.8% |
| Contributions | 10/11 | €8,110 | €8,110 | = | 0.0% |
| Reserves | 13 | €54,166 | €54,166 | = | 0.0% |
| Distributable reserves | 133 | €54,166 | €54,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,400 | €30,687 | +€4,287 | +16.2% |
| Amounts payable | 17/49 | €322,732 | €377,146 | +€54,414 | +16.9% |
| Amounts payable after more than one year | 17 | €50,836 | €35,649 | -€15,187 | -29.9% |
| Financial debts | 170/4 | €50,836 | €35,649 | -€15,187 | -29.9% |
| Amounts payable within one year | 42/48 | €271,733 | €341,497 | +€69,764 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €14,296 | €15,187 | +€890 | +6.2% |
| Financial debts | 43 | €182,463 | €181,421 | -€1,042 | -0.6% |
| Credit institutions | 430/8 | €182,463 | €181,421 | -€1,042 | -0.6% |
| Trade debts | 44 | €56,472 | €92,608 | +€36,136 | +64.0% |
| Suppliers | 440/4 | €56,472 | €92,608 | +€36,136 | +64.0% |
| Taxes, remuneration and social security | 45 | €7,171 | €35,983 | +€28,812 | +401.8% |
| Taxes | 450/3 | €5,072 | €25,790 | +€20,718 | +408.5% |
| Remuneration and social security | 454/9 | €2,099 | €10,193 | +€8,094 | +385.6% |
| Other amounts payable | 47/48 | €11,331 | €16,299 | +€4,968 | +43.8% |
| Accrued charges and deferred income | 492/3 | €163 | - | -€163 | |
| Remuneration, social security and pensions | 62 | €21,681 | €47,396 | +€25,714 | +118.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,706 | €22,834 | +€11,128 | +95.1% |
| Other operating charges | 640/8 | €1,939 | €191 | -€1,748 | -90.2% |
| Gross operating margin | 9900 | €78,693 | €95,588 | +€16,895 | +21.5% |
| Operating profit (loss) | 9901 | €43,366 | €25,168 | -€18,198 | -42.0% |
| Financial income | 75/76B | €39 | €11 | -€28 | -71.4% |
| Recurring financial income | 75 | €39 | €11 | -€28 | -71.4% |
| Financial charges | 65/66B | €15,650 | €13,945 | -€1,705 | -10.9% |
| Recurring financial charges | 65 | €15,650 | €13,945 | -€1,705 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €27,755 | €11,234 | -€16,521 | -59.5% |
| Income taxes | 67/77 | €9,943 | €6,947 | -€2,996 | -30.1% |
| Profit (loss) for the period | 9904 | €17,812 | €4,287 | -€13,525 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,812 | €4,287 | -€13,525 | -75.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.