AGLM: 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.
AGLM
Largest movements
- Cash +€133,969
up €133,969 (+913.3%), from €14,668 to €148,637
mainly Current investments (+€65,000) and Net result for the year (+€42,564)
- Current investments -€65,000
no longer reported in 2025 (was €65,000)
- Financial fixed assets -€12,000
down €12,000 (-59.5%), from €20,154 to €8,154
- Receivables within one year -€5,398
down €5,398 (-9.8%), from €54,970 to €49,572
of which Other amounts receivable: -€10,000
- Other debts +€39,486
up €39,486 (+773.3%), from €5,106 to €44,592
- Profit (loss) carried forward +€32,253
no longer reported in 2025 (was -€32,253)
- Reserves -€29,083
down €29,083 (-42.4%), from €68,640 to €39,557
of which Distributable reserves: -€29,598
- Tax, wage and social debts +€11,813
up €11,813 (+196.8%), from €6,002 to €17,815
- Current portion of long-term debt -€5,539
no longer reported in 2025 (was €5,539)
- Gross operating margin +€68,008
up €68,008, from -€10,861 to €57,147
- Taxes +€11,712
new in 2025: €11,712
- Financial charges +€2,571
up €2,571 (+590.7%), from €435 to €3,006
- Financial income +€1,377
up €1,377 (+254.5%), from €541 to €1,918
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 | €161,954 | €212,173 | +€50,219 | +31.0% |
| Fixed assets | 21/28 | €26,797 | €13,423 | -€13,374 | -49.9% |
| Tangible fixed assets | 22/27 | €6,643 | €5,269 | -€1,374 | -20.7% |
| Plant, machinery and equipment | 23 | €3,154 | €2,360 | -€794 | -25.2% |
| Other tangible fixed assets | 26 | €3,490 | €2,909 | -€580 | -16.6% |
| Financial fixed assets | 28 | €20,154 | €8,154 | -€12,000 | -59.5% |
| Current assets | 29/58 | €135,157 | €198,750 | +€63,593 | +47.1% |
| Amounts receivable within one year | 40/41 | €54,970 | €49,572 | -€5,398 | -9.8% |
| Trade receivables | 40 | €44,970 | €49,572 | +€4,602 | +10.2% |
| Other amounts receivable | 41 | €10,000 | - | -€10,000 | |
| Current investments | 50/53 | €65,000 | - | -€65,000 | |
| Cash at bank and in hand | 54/58 | €14,668 | €148,637 | +€133,969 | +913.3% |
| Deferred charges and accrued income | 490/1 | €519 | €541 | +€22 | +4.2% |
| Total equity and liabilities | 10/49 | €161,954 | €212,173 | +€50,219 | +31.0% |
| Equity | 10/15 | €144,221 | €147,391 | +€3,171 | +2.2% |
| Contributions | 10/11 | €107,834 | €107,834 | = | 0.0% |
| Capital | 10 | €107,834 | €107,834 | = | 0.0% |
| Issued capital | 100 | €107,834 | €107,834 | = | 0.0% |
| Reserves | 13 | €68,640 | €39,557 | -€29,083 | -42.4% |
| Non-distributable reserves | 130/1 | €5,498 | €6,014 | +€516 | +9.4% |
| Legal reserve | 130 | €5,498 | €6,014 | +€516 | +9.4% |
| Distributable reserves | 133 | €63,142 | €33,544 | -€29,598 | -46.9% |
| Profit (loss) carried forward | 14 | -€32,253 | - | +€32,253 | |
| Amounts payable | 17/49 | €17,734 | €64,782 | +€47,048 | +265.3% |
| Amounts payable within one year | 42/48 | €17,734 | €64,782 | +€47,048 | +265.3% |
| Current portion of amounts payable after more than one year | 42 | €5,539 | - | -€5,539 | |
| Trade debts | 44 | €1,087 | €2,375 | +€1,288 | +118.5% |
| Suppliers | 440/4 | €1,087 | €2,375 | +€1,288 | +118.5% |
| Taxes, remuneration and social security | 45 | €6,002 | €17,815 | +€11,813 | +196.8% |
| Taxes | 450/3 | €6,002 | €17,815 | +€11,813 | +196.8% |
| Other amounts payable | 47/48 | €5,106 | €44,592 | +€39,486 | +773.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,152 | €1,374 | +€222 | +19.2% |
| Other operating charges | 640/8 | €404 | €407 | +€3 | +0.7% |
| Gross operating margin | 9900 | -€10,861 | €57,147 | +€68,008 | |
| Operating profit (loss) | 9901 | -€12,418 | €55,365 | +€67,784 | |
| Financial income | 75/76B | €541 | €1,918 | +€1,377 | +254.5% |
| Recurring financial income | 75 | €541 | €1,918 | +€1,377 | +254.5% |
| Financial charges | 65/66B | €435 | €3,006 | +€2,571 | +590.7% |
| Recurring financial charges | 65 | €435 | €3,006 | +€2,571 | +590.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,313 | €54,277 | +€66,589 | |
| Income taxes | 67/77 | - | €11,712 | +€11,712 | |
| Profit (loss) for the period | 9904 | -€12,313 | €42,564 | +€54,877 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,313 | €42,564 | +€54,877 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.