AGM Partners: 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.
AGM Partners
Largest movements
- Tangible fixed assets -€13,706
down €13,706 (-5.7%), from €242,073 to €228,367
of which Land and buildings: -€12,857
- Debts after one year -€15,017
down €15,017 (-6.1%), from €244,377 to €229,360
- Other debts +€4,828
up €4,828 (+10.2%), from €47,395 to €52,222
- Profit (loss) carried forward -€4,265
down €4,265 (-30.2%), from -€14,137 to -€18,402
- Depreciation -€3,901
down €3,901 (-22.2%), from €17,606 to €13,706
- Gross operating margin +€3,671
up €3,671 (+20.9%), from €17,598 to €21,269
- Financial charges -€2,598
down €2,598 (-20.7%), from €12,547 to €9,949
- Other operating charges +€297
up €297 (+18.8%), from €1,582 to €1,879
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 | €298,723 | €283,431 | -€15,292 | -5.1% |
| Fixed assets | 21/28 | €297,073 | €283,367 | -€13,706 | -4.6% |
| Intangible fixed assets | 21 | €55,000 | €55,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €242,073 | €228,367 | -€13,706 | -5.7% |
| Land and buildings | 22 | €240,447 | €227,590 | -€12,857 | -5.3% |
| Furniture and vehicles | 24 | €1,626 | €777 | -€849 | -52.2% |
| Current assets | 29/58 | €1,650 | €64 | -€1,586 | -96.2% |
| Cash at bank and in hand | 54/58 | €89 | €64 | -€25 | -28.3% |
| Deferred charges and accrued income | 490/1 | €1,561 | - | -€1,561 | |
| Total equity and liabilities | 10/49 | €298,723 | €283,431 | -€15,292 | -5.1% |
| Equity | 10/15 | -€11,137 | -€15,402 | -€4,265 | -38.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,137 | -€18,402 | -€4,265 | -30.2% |
| Amounts payable | 17/49 | €309,860 | €298,833 | -€11,027 | -3.6% |
| Amounts payable after more than one year | 17 | €244,377 | €229,360 | -€15,017 | -6.1% |
| Financial debts | 170/4 | €244,377 | €229,360 | -€15,017 | -6.1% |
| Amounts payable within one year | 42/48 | €65,483 | €69,472 | +€3,990 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €14,451 | €15,017 | +€566 | +3.9% |
| Trade debts | 44 | €3,637 | €2,233 | -€1,404 | -38.6% |
| Suppliers | 440/4 | €3,637 | €2,233 | -€1,404 | -38.6% |
| Other amounts payable | 47/48 | €47,395 | €52,222 | +€4,828 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,606 | €13,706 | -€3,901 | -22.2% |
| Other operating charges | 640/8 | €1,582 | €1,879 | +€297 | +18.8% |
| Gross operating margin | 9900 | €17,598 | €21,269 | +€3,671 | +20.9% |
| Operating profit (loss) | 9901 | -€1,590 | €5,685 | +€7,274 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €12,547 | €9,949 | -€2,598 | -20.7% |
| Recurring financial charges | 65 | €12,547 | €9,949 | -€2,598 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,137 | -€4,265 | +€9,872 | +69.8% |
| Profit (loss) for the period | 9904 | -€14,137 | -€4,265 | +€9,872 | +69.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,137 | -€4,265 | +€9,872 | +69.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.