Agma-Trade: 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.
Agma-Trade
Largest movements
- Cash +€38,489
up €38,489 (+81.6%), from €47,174 to €85,663
mainly Depreciation (+€32,214) and Net result for the year (+€13,248)
- Tangible fixed assets -€29,320
down €29,320 (-5.5%), from €530,375 to €501,055
- Reserves +€13,248
up €13,248 (+5.2%), from €257,068 to €270,317
of which Non-distributable reserves: +€174,917
- Current portion of long-term debt -€8,669
down €8,669 (-50.4%), from €17,187 to €8,519
- Debts after one year -€8,519
down €8,519 (-8.4%), from €101,212 to €92,694
- Tax, wage and social debts +€7,259
up €7,259 (+16,799%), from €43 to €7,302
- Other debts +€6,033
up €6,033 (+6.5%), from €92,187 to €98,219
- Financial charges -€20,859
down €20,859 (-67.9%), from €30,729 to €9,870
- Taxes +€5,729
up €5,729 (+13,260%), from €43 to €5,773
- Gross operating margin +€4,849
up €4,849 (+8.0%), from €60,852 to €65,702
- Other operating charges +€676
up €676 (+13.4%), from €5,053 to €5,729
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 | €592,885 | €599,695 | +€6,810 | +1.1% |
| Fixed assets | 21/28 | €530,375 | €501,055 | -€29,320 | -5.5% |
| Tangible fixed assets | 22/27 | €530,375 | €501,055 | -€29,320 | -5.5% |
| Land and buildings | 22 | €530,375 | €501,055 | -€29,320 | -5.5% |
| Current assets | 29/58 | €62,510 | €98,640 | +€36,130 | +57.8% |
| Amounts receivable within one year | 40/41 | €15,138 | €12,976 | -€2,162 | -14.3% |
| Trade receivables | 40 | €5,381 | €3,263 | -€2,118 | -39.4% |
| Other amounts receivable | 41 | €9,756 | €9,713 | -€43 | -0.4% |
| Cash at bank and in hand | 54/58 | €47,174 | €85,663 | +€38,489 | +81.6% |
| Deferred charges and accrued income | 490/1 | €197 | €0 | -€197 | -100% |
| Total equity and liabilities | 10/49 | €592,885 | €599,695 | +€6,810 | +1.1% |
| Equity | 10/15 | €330,618 | €343,016 | +€12,398 | +3.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €257,068 | €270,317 | +€13,248 | +5.2% |
| Non-distributable reserves | 130/1 | €12,451 | €187,368 | +€174,917 | +1,405% |
| Legal reserve | 130 | €12,451 | €12,451 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €174,917 | +€174,917 | |
| Tax-exempt reserves | 132 | €181,765 | €0 | -€181,765 | -100% |
| Distributable reserves | 133 | €62,852 | €82,949 | +€20,097 | +32.0% |
| Investment grants | 15 | €11,049 | €10,199 | -€850 | -7.7% |
| Provisions and deferred taxes | 16 | €28,683 | €28,400 | -€283 | -1.0% |
| Deferred taxes | 168 | €28,683 | €28,400 | -€283 | -1.0% |
| Amounts payable | 17/49 | €233,584 | €228,279 | -€5,305 | -2.3% |
| Amounts payable after more than one year | 17 | €101,212 | €92,694 | -€8,519 | -8.4% |
| Financial debts | 170/4 | €101,212 | €92,694 | -€8,519 | -8.4% |
| Amounts payable within one year | 42/48 | €131,413 | €135,585 | +€4,172 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €17,187 | €8,519 | -€8,669 | -50.4% |
| Trade debts | 44 | €21,996 | €21,545 | -€450 | -2.0% |
| Suppliers | 440/4 | €21,996 | €21,545 | -€450 | -2.0% |
| Taxes, remuneration and social security | 45 | €43 | €7,302 | +€7,259 | +16,799% |
| Taxes | 450/3 | €43 | €7,302 | +€7,259 | +16,799% |
| Other amounts payable | 47/48 | €92,187 | €98,219 | +€6,033 | +6.5% |
| Accrued charges and deferred income | 492/3 | €959 | €0 | -€959 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,577 | €32,214 | -€362 | -1.1% |
| Other operating charges | 640/8 | €5,053 | €5,729 | +€676 | +13.4% |
| Gross operating margin | 9900 | €60,852 | €65,702 | +€4,849 | +8.0% |
| Operating profit (loss) | 9901 | €23,223 | €27,758 | +€4,535 | +19.5% |
| Financial income | 75/76B | €850 | €850 | = | 0.0% |
| Recurring financial income | 75 | €850 | €850 | = | 0.0% |
| Financial charges | 65/66B | €30,729 | €9,870 | -€20,859 | -67.9% |
| Recurring financial charges | 65 | €30,729 | €9,870 | -€20,859 | -67.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,657 | €18,738 | +€25,394 | |
| Transfer from deferred taxes | 780 | €283 | €283 | = | 0.0% |
| Income taxes | 67/77 | €43 | €5,773 | +€5,729 | +13,260% |
| Profit (loss) for the period | 9904 | -€6,417 | €13,248 | +€19,665 | |
| Transfer from tax-exempt reserves | 789 | €6,849 | €6,849 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €432 | €20,097 | +€19,665 | +4,552% |
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 15 October 2026 via checked.be.