AGOC: 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.
AGOC
Largest movements
- Cash -€32,971
down €32,971 (-18.2%), from €180,690 to €147,719
mainly Contributions, distributions and other (-€70,000) and Investment in fixed assets (net) (-€52,541)
- Current investments +€27,572
new in 2025: €27,572
- Tangible fixed assets +€24,908
up €24,908 (+1307.8%), from €1,905 to €26,812
of which Furniture and vehicles: +€18,201
- Financial fixed assets +€24,900
up €24,900 (+3.7%), from €665,525 to €690,425
- Receivables within one year +€19,316
up €19,316 (+41.8%), from €46,230 to €65,546
of which Trade receivables: +€24,505
- Reserves +€89,000
up €89,000 (+41.8%), from €213,050 to €302,050
- Profit (loss) carried forward -€39,058
down €39,058 (-88.2%), from €44,271 to €5,213
- Financial income -€76,953
down €76,953 (-36.6%), from €210,044 to €133,091
- Gross operating margin -€7,584
down €7,584 (-49.2%), from €15,403 to €7,819
- Financial charges +€4,259
up €4,259 (+875.0%), from €487 to €4,746
- Taxes +€2,392
up €2,392 (+23.2%), from €10,322 to €12,714
- Depreciation +€2,236
up €2,236 (+449.1%), from €498 to €2,734
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 | €911,480 | €961,384 | +€49,904 | +5.5% |
| Fixed assets | 21/28 | €667,430 | €717,237 | +€49,808 | +7.5% |
| Tangible fixed assets | 22/27 | €1,905 | €26,812 | +€24,908 | +1307.8% |
| Plant, machinery and equipment | 23 | €787 | €7,494 | +€6,706 | +851.7% |
| Furniture and vehicles | 24 | €1,117 | €19,319 | +€18,201 | +1629.3% |
| Financial fixed assets | 28 | €665,525 | €690,425 | +€24,900 | +3.7% |
| Current assets | 29/58 | €244,050 | €244,147 | +€96 | 0.0% |
| Amounts receivable within one year | 40/41 | €46,230 | €65,546 | +€19,316 | +41.8% |
| Trade receivables | 40 | €41,041 | €65,546 | +€24,505 | +59.7% |
| Other amounts receivable | 41 | €5,189 | €0 | -€5,189 | -100.0% |
| Current investments | 50/53 | - | €27,572 | +€27,572 | |
| Cash at bank and in hand | 54/58 | €180,690 | €147,719 | -€32,971 | -18.2% |
| Deferred charges and accrued income | 490/1 | €17,131 | €3,310 | -€13,821 | -80.7% |
| Total equity and liabilities | 10/49 | €911,480 | €961,384 | +€49,904 | +5.5% |
| Equity | 10/15 | €897,821 | €947,763 | +€49,942 | +5.6% |
| Contributions | 10/11 | €640,500 | €640,500 | = | 0.0% |
| Reserves | 13 | €213,050 | €302,050 | +€89,000 | +41.8% |
| Distributable reserves | 133 | €213,050 | €302,050 | +€89,000 | +41.8% |
| Profit (loss) carried forward | 14 | €44,271 | €5,213 | -€39,058 | -88.2% |
| Amounts payable | 17/49 | €13,659 | €13,621 | -€38 | -0.3% |
| Amounts payable within one year | 42/48 | €13,409 | €13,511 | +€102 | +0.8% |
| Trade debts | 44 | €2,169 | €2,417 | +€248 | +11.4% |
| Suppliers | 440/4 | €2,169 | €2,417 | +€248 | +11.4% |
| Taxes, remuneration and social security | 45 | €11,240 | €10,243 | -€996 | -8.9% |
| Taxes | 450/3 | €11,240 | €10,243 | -€996 | -8.9% |
| Other amounts payable | 47/48 | €0 | €850 | +€850 | |
| Accrued charges and deferred income | 492/3 | €250 | €110 | -€140 | -56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €498 | €2,734 | +€2,236 | +449.1% |
| Other operating charges | 640/8 | €1,118 | €774 | -€344 | -30.8% |
| Gross operating margin | 9900 | €15,403 | €7,819 | -€7,584 | -49.2% |
| Operating profit (loss) | 9901 | €13,786 | €4,311 | -€9,476 | -68.7% |
| Financial income | 75/76B | €210,044 | €133,091 | -€76,953 | -36.6% |
| Recurring financial income | 75 | €210,044 | €133,091 | -€76,953 | -36.6% |
| Financial charges | 65/66B | €487 | €4,746 | +€4,259 | +875.0% |
| Recurring financial charges | 65 | €487 | €4,746 | +€4,259 | +875.0% |
| Profit (loss) for the period before taxes | 9903 | €223,343 | €132,656 | -€90,687 | -40.6% |
| Income taxes | 67/77 | €10,322 | €12,714 | +€2,392 | +23.2% |
| Profit (loss) for the period | 9904 | €213,021 | €119,942 | -€93,079 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €213,021 | €119,942 | -€93,079 | -43.7% |
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 10 October 2026 via checked.be.