AGLAE: 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.
AGLAE
Largest movements
- Current investments +€178,213
up €178,213 (+616%), from €28,928 to €207,141
- Cash -€168,660
down €168,660 (-55.1%), from €305,877 to €137,218
mainly Current investments (-€178,213) and Contributions, distributions and other (-€28,400)
- Tangible fixed assets -€21,648
down €21,648 (-34.7%), from €62,444 to €40,796
of which Furniture and vehicles: -€20,564
- Reserves -€8,507
down €8,507 (-2.0%), from €427,339 to €418,832
of which Tax-exempt reserves: -€37,890
- Gross operating margin -€112,011
down €112,011 (-67.6%), from €165,753 to €53,741
- Taxes -€30,628
down €30,628 (-71.4%), from €42,904 to €12,276
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 | €463,828 | €450,648 | -€13,180 | -2.8% |
| Fixed assets | 21/28 | €62,444 | €40,796 | -€21,648 | -34.7% |
| Tangible fixed assets | 22/27 | €62,444 | €40,796 | -€21,648 | -34.7% |
| Plant, machinery and equipment | 23 | €1,890 | €806 | -€1,084 | -57.4% |
| Furniture and vehicles | 24 | €60,554 | €39,990 | -€20,564 | -34.0% |
| Current assets | 29/58 | €401,384 | €409,852 | +€8,468 | +2.1% |
| Amounts receivable within one year | 40/41 | €62,919 | €62,870 | -€49 | -0.1% |
| Trade receivables | 40 | €0 | €9,655 | +€9,655 | |
| Other amounts receivable | 41 | €62,919 | €53,215 | -€9,704 | -15.4% |
| Current investments | 50/53 | €28,928 | €207,141 | +€178,213 | +616% |
| Cash at bank and in hand | 54/58 | €305,877 | €137,218 | -€168,660 | -55.1% |
| Deferred charges and accrued income | 490/1 | €3,660 | €2,623 | -€1,037 | -28.3% |
| Total equity and liabilities | 10/49 | €463,828 | €450,648 | -€13,180 | -2.8% |
| Equity | 10/15 | €451,531 | €443,024 | -€8,507 | -1.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €427,339 | €418,832 | -€8,507 | -2.0% |
| Tax-exempt reserves | 132 | €75,780 | €37,890 | -€37,890 | -50.0% |
| Distributable reserves | 133 | €351,559 | €380,942 | +€29,383 | +8.4% |
| Profit (loss) carried forward | 14 | €22,192 | €22,192 | = | 0.0% |
| Amounts payable | 17/49 | €12,297 | €7,624 | -€4,673 | -38.0% |
| Amounts payable within one year | 42/48 | €12,297 | €7,624 | -€4,673 | -38.0% |
| Trade debts | 44 | €989 | €653 | -€336 | -34.0% |
| Suppliers | 440/4 | €989 | €653 | -€336 | -34.0% |
| Taxes, remuneration and social security | 45 | €7,893 | €3,476 | -€4,417 | -56.0% |
| Taxes | 450/3 | €7,893 | €3,476 | -€4,417 | -56.0% |
| Other amounts payable | 47/48 | €3,415 | €3,495 | +€80 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,648 | €21,648 | = | 0.0% |
| Other operating charges | 640/8 | €1,034 | €1,059 | +€25 | +2.4% |
| Gross operating margin | 9900 | €165,753 | €53,741 | -€112,011 | -67.6% |
| Operating profit (loss) | 9901 | €143,071 | €31,035 | -€112,037 | -78.3% |
| Financial income | 75/76B | €1,908 | €2,866 | +€958 | +50.2% |
| Recurring financial income | 75 | €1,908 | €2,866 | +€958 | +50.2% |
| Financial charges | 65/66B | €545 | €1,732 | +€1,188 | +218% |
| Recurring financial charges | 65 | €545 | €1,732 | +€1,188 | +218% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €144,435 | €32,169 | -€112,266 | -77.7% |
| Income taxes | 67/77 | €42,904 | €12,276 | -€30,628 | -71.4% |
| Profit (loss) for the period | 9904 | €101,531 | €19,893 | -€81,638 | -80.4% |
| Transfer from tax-exempt reserves | 789 | - | €37,890 | +€37,890 | |
| Transfer to tax-exempt reserves | 689 | €37,890 | €0 | -€37,890 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €63,641 | €57,783 | -€5,858 | -9.2% |
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 18 October 2026 via checked.be.