AGMAX CONSULTING: 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.
AGMAX CONSULTING
Largest movements
- Cash +€62,541
up €62,541 (+59.6%), from €104,854 to €167,395
mainly Net result for the year (+€50,910) and Depreciation (+€9,513)
- Tangible fixed assets -€7,437
down €7,437 (-21.2%), from €35,107 to €27,670
- Reserves +€50,000
up €50,000 (+53.2%), from €94,000 to €144,000
- Tax, wage and social debts +€3,947
up €3,947 (+9.1%), from €43,431 to €47,378
- Trade debts +€2,548
up €2,548 (+430.2%), from €592 to €3,140
- Gross operating margin -€3,971
down €3,971 (-4.6%), from €85,721 to €81,750
- Taxes -€1,564
down €1,564 (-7.3%), from €21,548 to €19,984
- Depreciation +€1,050
up €1,050 (+12.4%), from €8,463 to €9,513
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 | €141,678 | €199,083 | +€57,405 | +40.5% |
| Fixed assets | 21/28 | €35,107 | €27,670 | -€7,437 | -21.2% |
| Tangible fixed assets | 22/27 | €35,107 | €27,670 | -€7,437 | -21.2% |
| Furniture and vehicles | 24 | €35,107 | €27,670 | -€7,437 | -21.2% |
| Current assets | 29/58 | €106,571 | €171,413 | +€64,842 | +60.8% |
| Amounts receivable within one year | 40/41 | - | €1,982 | +€1,982 | |
| Trade receivables | 40 | - | €1,982 | +€1,982 | |
| Cash at bank and in hand | 54/58 | €104,854 | €167,395 | +€62,541 | +59.6% |
| Deferred charges and accrued income | 490/1 | €1,717 | €2,035 | +€318 | +18.5% |
| Total equity and liabilities | 10/49 | €141,678 | €199,083 | +€57,405 | +40.5% |
| Equity | 10/15 | €97,655 | €148,565 | +€50,910 | +52.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €94,000 | €144,000 | +€50,000 | +53.2% |
| Distributable reserves | 133 | €94,000 | €144,000 | +€50,000 | +53.2% |
| Profit (loss) carried forward | 14 | €1,155 | €2,065 | +€910 | +78.8% |
| Amounts payable | 17/49 | €44,023 | €50,518 | +€6,495 | +14.8% |
| Amounts payable within one year | 42/48 | €44,023 | €50,518 | +€6,495 | +14.8% |
| Trade debts | 44 | €592 | €3,140 | +€2,548 | +430.2% |
| Suppliers | 440/4 | €592 | €3,140 | +€2,548 | +430.2% |
| Taxes, remuneration and social security | 45 | €43,431 | €47,378 | +€3,947 | +9.1% |
| Taxes | 450/3 | €43,431 | €47,378 | +€3,947 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,463 | €9,513 | +€1,050 | +12.4% |
| Other operating charges | 640/8 | €645 | €1,176 | +€531 | +82.3% |
| Gross operating margin | 9900 | €85,721 | €81,750 | -€3,971 | -4.6% |
| Operating profit (loss) | 9901 | €76,613 | €71,061 | -€5,552 | -7.2% |
| Financial charges | 65/66B | €27 | €168 | +€140 | +517.0% |
| Recurring financial charges | 65 | €27 | €168 | +€140 | +517.0% |
| Profit (loss) for the period before taxes | 9903 | €76,586 | €70,894 | -€5,693 | -7.4% |
| Income taxes | 67/77 | €21,548 | €19,984 | -€1,564 | -7.3% |
| Profit (loss) for the period | 9904 | €55,039 | €50,910 | -€4,129 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,039 | €50,910 | -€4,129 | -7.5% |
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 5 October 2026 via checked.be.