AGM DYNAMIC: 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.
AGM DYNAMIC
Largest movements
- Cash +€6,243
up €6,243 (+165.9%), from €3,763 to €10,006
mainly Trade debts (+€6,159) and Other debts (+€4,478)
- Receivables within one year +€4,778
up €4,778 (+472.5%), from €1,011 to €5,789
of which Trade receivables: +€4,775
- Financial fixed assets +€3,440
up €3,440 (+112.6%), from €3,055 to €6,495
- Tangible fixed assets -€3,316
down €3,316 (-60.6%), from €5,476 to €2,160
of which Furniture and vehicles: -€2,396
- Deferred charges and accrued income +€1,477
up €1,477 (+728.0%), from €203 to €1,680
- Trade debts +€6,159
up €6,159 (+181.2%), from €3,399 to €9,558
- Other debts +€4,478
up €4,478 (+38.6%), from €11,604 to €16,081
- Profit (loss) carried forward +€3,831
up €3,831 (+30.8%), from -€12,446 to -€8,615
- Debts after one year -€2,649
down €2,649 (-63.2%), from €4,194 to €1,545
- Tax, wage and social debts +€726
up €726 (+61.2%), from €1,186 to €1,912
- Gross operating margin +€7,542
up €7,542, from -€262 to €7,281
- Depreciation -€1,833
down €1,833 (-66.6%), from €2,753 to €920
- Other operating charges -€1,466
down €1,466 (-85.3%), from €1,720 to €253
- Financial charges -€199
down €199 (-23.7%), from €841 to €641
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 | €13,508 | €26,131 | +€12,623 | +93.4% |
| Fixed assets | 21/28 | €8,531 | €8,655 | +€124 | +1.5% |
| Tangible fixed assets | 22/27 | €5,476 | €2,160 | -€3,316 | -60.6% |
| Plant, machinery and equipment | 23 | €3,080 | €2,160 | -€920 | -29.9% |
| Furniture and vehicles | 24 | €2,396 | - | -€2,396 | |
| Financial fixed assets | 28 | €3,055 | €6,495 | +€3,440 | +112.6% |
| Current assets | 29/58 | €4,977 | €17,476 | +€12,499 | +251.1% |
| Amounts receivable within one year | 40/41 | €1,011 | €5,789 | +€4,778 | +472.5% |
| Trade receivables | 40 | €1,000 | €5,775 | +€4,775 | +477.5% |
| Other amounts receivable | 41 | €11 | €15 | +€4 | +31.0% |
| Cash at bank and in hand | 54/58 | €3,763 | €10,006 | +€6,243 | +165.9% |
| Deferred charges and accrued income | 490/1 | €203 | €1,680 | +€1,477 | +728.0% |
| Total equity and liabilities | 10/49 | €13,508 | €26,131 | +€12,623 | +93.4% |
| Equity | 10/15 | -€9,446 | -€5,615 | +€3,831 | +40.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,446 | -€8,615 | +€3,831 | +30.8% |
| Amounts payable | 17/49 | €22,954 | €31,746 | +€8,791 | +38.3% |
| Amounts payable after more than one year | 17 | €4,194 | €1,545 | -€2,649 | -63.2% |
| Financial debts | 170/4 | €4,194 | €1,545 | -€2,649 | -63.2% |
| Amounts payable within one year | 42/48 | €18,688 | €30,201 | +€11,513 | +61.6% |
| Current portion of amounts payable after more than one year | 42 | €2,499 | €2,649 | +€150 | +6.0% |
| Trade debts | 44 | €3,399 | €9,558 | +€6,159 | +181.2% |
| Suppliers | 440/4 | €3,399 | €9,558 | +€6,159 | +181.2% |
| Taxes, remuneration and social security | 45 | €1,186 | €1,912 | +€726 | +61.2% |
| Taxes | 450/3 | €1,186 | €1,912 | +€726 | +61.2% |
| Other amounts payable | 47/48 | €11,604 | €16,081 | +€4,478 | +38.6% |
| Accrued charges and deferred income | 492/3 | €72 | - | -€72 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,753 | €920 | -€1,833 | -66.6% |
| Other operating charges | 640/8 | €1,720 | €253 | -€1,466 | -85.3% |
| Non-recurring operating charges | 66A | - | €1,696 | +€1,696 | |
| Gross operating margin | 9900 | -€262 | €7,281 | +€7,542 | |
| Operating profit (loss) | 9901 | -€4,734 | €4,412 | +€9,146 | |
| Financial income | 75/76B | €68 | €61 | -€7 | -10.5% |
| Recurring financial income | 75 | €68 | €61 | -€7 | -10.5% |
| Financial charges | 65/66B | €841 | €641 | -€199 | -23.7% |
| Recurring financial charges | 65 | €841 | €641 | -€199 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,507 | €3,831 | +€9,338 | |
| Profit (loss) for the period | 9904 | -€5,507 | €3,831 | +€9,338 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,507 | €3,831 | +€9,338 |
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 7 October 2026 via checked.be.