ÂGO: 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.
ÂGO
Largest movements
- Cash -€43,131
down €43,131 (-10.7%), from €401,269 to €358,138
mainly Trade debts (-€16,165) and Net result for the year (-€10,843)
- Deferred charges and accrued income +€8,573
up €8,573 (+1,052%), from €815 to €9,388
- Receivables within one year +€5,255
up €5,255 (+33.4%), from €15,714 to €20,969
of which Trade receivables: +€8,337
- Trade debts -€16,165
down €16,165 (-57.6%), from €28,048 to €11,883
- Profit (loss) carried forward -€10,843
down €10,843 (-12.7%), from -€85,393 to -€96,236
- Gross operating margin +€104,651
up €104,651 (+21.4%), from €489,273 to €593,924
- Staff costs +€28,537
up €28,537 (+5.4%), from €523,885 to €552,422
- Purchases and services -€22,836
down €22,836 (-17.6%), from €130,082 to €107,247
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 | €421,866 | €392,589 | -€29,277 | -6.9% |
| Fixed assets | 21/28 | €4,068 | €4,095 | +€26 | +0.6% |
| Tangible fixed assets | 22/27 | €4,068 | €4,095 | +€26 | +0.6% |
| Plant, machinery and equipment | 23 | €3,338 | €3,607 | +€270 | +8.1% |
| Furniture and vehicles | 24 | €731 | €487 | -€244 | -33.3% |
| Current assets | 29/58 | €417,798 | €388,494 | -€29,303 | -7.0% |
| Amounts receivable within one year | 40/41 | €15,714 | €20,969 | +€5,255 | +33.4% |
| Trade receivables | 40 | €12,632 | €20,969 | +€8,337 | +66.0% |
| Other amounts receivable | 41 | €3,082 | - | -€3,082 | |
| Cash at bank and in hand | 54/58 | €401,269 | €358,138 | -€43,131 | -10.7% |
| Deferred charges and accrued income | 490/1 | €815 | €9,388 | +€8,573 | +1,052% |
| Total equity and liabilities | 10/49 | €421,866 | €392,589 | -€29,277 | -6.9% |
| Equity | 10/15 | €307,879 | €297,036 | -€10,843 | -3.5% |
| Reserves | 13 | €393,272 | €393,272 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,393 | -€96,236 | -€10,843 | -12.7% |
| Amounts payable | 17/49 | €113,987 | €95,553 | -€18,434 | -16.2% |
| Amounts payable within one year | 42/48 | €113,987 | €95,553 | -€18,434 | -16.2% |
| Trade debts | 44 | €28,048 | €11,883 | -€16,165 | -57.6% |
| Suppliers | 440/4 | €28,048 | €11,883 | -€16,165 | -57.6% |
| Taxes, remuneration and social security | 45 | €85,939 | €83,670 | -€2,269 | -2.6% |
| Taxes | 450/3 | €12,717 | €13,529 | +€812 | +6.4% |
| Remuneration and social security | 454/9 | €73,222 | €70,141 | -€3,081 | -4.2% |
| Membership fees, donations, legacies and grants | 73 | €619,356 | €701,171 | +€81,815 | +13.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €130,082 | €107,247 | -€22,836 | -17.6% |
| Remuneration, social security and pensions | 62 | €523,885 | €552,422 | +€28,537 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,736 | €3,144 | -€592 | -15.8% |
| Other operating charges | 640/8 | €48,142 | €50,805 | +€2,662 | +5.5% |
| Gross operating margin | 9900 | €489,273 | €593,924 | +€104,651 | +21.4% |
| Operating profit (loss) | 9901 | -€86,490 | -€12,446 | +€74,044 | +85.6% |
| Financial income | 75/76B | €1,501 | €1,939 | +€438 | +29.2% |
| Recurring financial income | 75 | €1,501 | €1,939 | +€438 | +29.2% |
| Financial charges | 65/66B | €403 | €336 | -€67 | -16.6% |
| Recurring financial charges | 65 | €403 | €336 | -€67 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€85,393 | -€10,843 | +€74,549 | +87.3% |
| Profit (loss) for the period | 9904 | -€85,393 | -€10,843 | +€74,549 | +87.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,393 | -€10,843 | +€74,549 | +87.3% |
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 18 October 2026 via checked.be.