AGREX: 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.
AGREX
Largest movements
- Receivables within one year +€17,913
up €17,913 (+247.7%), from €7,230 to €25,143
of which Other amounts receivable: +€21,995
- Tangible fixed assets -€17,840
down €17,840 (-10.1%), from €177,051 to €159,212
of which Furniture and vehicles: -€11,481
- Cash +€7,295
up €7,295 (+41.9%), from €17,406 to €24,700
mainly Depreciation (+€17,840) and Net result for the year (+€5,815)
- Deferred charges and accrued income -€4,145
down €4,145 (-6.3%), from €65,975 to €61,830
- Current portion of long-term debt -€6,204
down €6,204 (-100.0%), from €6,204 to €0
- Profit (loss) carried forward +€5,815
up €5,815 (+45.9%), from -€12,662 to -€6,847
- Trade debts +€2,893
up €2,893 (+31.6%), from €9,163 to €12,056
- Taxes -€11,592
down €11,592 (-100.0%), from €11,592 to €0
- Depreciation -€6,762
down €6,762 (-27.5%), from €24,602 to €17,840
- Gross operating margin -€4,421
down €4,421 (-14.5%), from €30,409 to €25,988
- Other operating charges +€636
up €636 (+39.1%), from €1,626 to €2,262
- Financial charges -€524
down €524 (-85.6%), from €612 to €88
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,709 | €273,932 | +€3,223 | +1.2% |
| Fixed assets | 21/28 | €180,099 | €162,259 | -€17,840 | -9.9% |
| Tangible fixed assets | 22/27 | €177,051 | €159,212 | -€17,840 | -10.1% |
| Land and buildings | 22 | €142,529 | €136,373 | -€6,156 | -4.3% |
| Plant, machinery and equipment | 23 | €4,606 | €4,403 | -€203 | -4.4% |
| Furniture and vehicles | 24 | €29,917 | €18,436 | -€11,481 | -38.4% |
| Financial fixed assets | 28 | €3,047 | €3,047 | = | 0.0% |
| Current assets | 29/58 | €90,611 | €111,673 | +€21,063 | +23.2% |
| Amounts receivable within one year | 40/41 | €7,230 | €25,143 | +€17,913 | +247.7% |
| Trade receivables | 40 | €4,083 | €0 | -€4,083 | -100.0% |
| Other amounts receivable | 41 | €3,147 | €25,143 | +€21,995 | +698.9% |
| Cash at bank and in hand | 54/58 | €17,406 | €24,700 | +€7,295 | +41.9% |
| Deferred charges and accrued income | 490/1 | €65,975 | €61,830 | -€4,145 | -6.3% |
| Total equity and liabilities | 10/49 | €270,709 | €273,932 | +€3,223 | +1.2% |
| Equity | 10/15 | €125,239 | €131,054 | +€5,815 | +4.6% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €94,301 | €94,301 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,967 | €53,967 | = | 0.0% |
| Distributable reserves | 133 | €40,334 | €40,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,662 | -€6,847 | +€5,815 | +45.9% |
| Provisions and deferred taxes | 16 | €10,491 | €10,491 | = | 0.0% |
| Deferred taxes | 168 | €10,491 | €10,491 | = | 0.0% |
| Amounts payable | 17/49 | €134,979 | €132,387 | -€2,592 | -1.9% |
| Amounts payable after more than one year | 17 | €13,371 | €13,371 | = | 0.0% |
| Financial debts | 170/4 | €11,721 | €11,721 | = | 0.0% |
| Other amounts payable | 178/9 | €1,650 | €1,650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €120,624 | €118,032 | -€2,592 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €6,204 | €0 | -€6,204 | -100.0% |
| Trade debts | 44 | €9,163 | €12,056 | +€2,893 | +31.6% |
| Suppliers | 440/4 | €9,163 | €12,056 | +€2,893 | +31.6% |
| Advances received on contracts in progress | 46 | - | €776 | +€776 | |
| Taxes, remuneration and social security | 45 | €5,781 | €5,724 | -€57 | -1.0% |
| Taxes | 450/3 | €4,431 | €4,374 | -€57 | -1.3% |
| Remuneration and social security | 454/9 | €1,350 | €1,350 | = | 0.0% |
| Other amounts payable | 47/48 | €99,476 | €99,476 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €984 | €984 | = | 0.0% |
| Non-recurring operating income | 76A | - | €24 | +€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,602 | €17,840 | -€6,762 | -27.5% |
| Other operating charges | 640/8 | €1,626 | €2,262 | +€636 | +39.1% |
| Gross operating margin | 9900 | €30,409 | €25,988 | -€4,421 | -14.5% |
| Operating profit (loss) | 9901 | €4,181 | €5,886 | +€1,705 | +40.8% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €612 | €88 | -€524 | -85.6% |
| Recurring financial charges | 65 | €612 | €88 | -€524 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | €3,569 | €5,815 | +€2,246 | +63.0% |
| Income taxes | 67/77 | €11,592 | €0 | -€11,592 | -100.0% |
| Profit (loss) for the period | 9904 | -€8,023 | €5,815 | +€13,838 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,023 | €5,815 | +€13,838 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.