AGTEN: 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.
AGTEN
Largest movements
- Cash +€95,297
up €95,297 (+59.4%), from €160,353 to €255,650
mainly Net result for the year (+€45,223) and Depreciation (+€26,346)
- Tangible fixed assets -€26,346
down €26,346 (-26.8%), from €98,318 to €71,972
of which Furniture and vehicles: -€22,249
- Receivables within one year -€10,954
down €10,954 (-95.2%), from €11,507 to €553
of which Other amounts receivable: -€10,954
- Reserves +€45,223
up €45,223 (+37.9%), from €119,365 to €164,588
- Debts after one year +€6,454
up €6,454 (+5.0%), from €130,219 to €136,672
- Tax, wage and social debts +€5,252
up €5,252 (+67.9%), from €7,739 to €12,992
of which Taxes: +€5,296
- Trade debts +€3,821
up €3,821 (+50.0%), from €7,639 to €11,460
- Gross operating margin +€62,031
up €62,031 (+146.4%), from €42,372 to €104,403
- Taxes +€20,749
up €20,749 (+1900.4%), from €1,092 to €21,841
- Depreciation +€7,664
up €7,664 (+41.0%), from €18,682 to €26,346
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 | €276,521 | €337,271 | +€60,750 | +22.0% |
| Fixed assets | 21/28 | €98,318 | €71,972 | -€26,346 | -26.8% |
| Tangible fixed assets | 22/27 | €98,318 | €71,972 | -€26,346 | -26.8% |
| Land and buildings | 22 | €14,525 | €14,525 | = | 0.0% |
| Plant, machinery and equipment | 23 | €8,082 | €3,985 | -€4,097 | -50.7% |
| Furniture and vehicles | 24 | €75,711 | €53,462 | -€22,249 | -29.4% |
| Current assets | 29/58 | €178,204 | €265,299 | +€87,095 | +48.9% |
| Stocks and contracts in progress | 3 | €1,500 | €1,610 | +€110 | +7.3% |
| Stocks | 30/36 | €1,500 | €1,610 | +€110 | +7.3% |
| Amounts receivable within one year | 40/41 | €11,507 | €553 | -€10,954 | -95.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €11,507 | €553 | -€10,954 | -95.2% |
| Cash at bank and in hand | 54/58 | €160,353 | €255,650 | +€95,297 | +59.4% |
| Deferred charges and accrued income | 490/1 | €4,843 | €7,486 | +€2,643 | +54.6% |
| Total equity and liabilities | 10/49 | €276,521 | €337,271 | +€60,750 | +22.0% |
| Equity | 10/15 | €125,695 | €170,918 | +€45,223 | +36.0% |
| Contributions | 10/11 | €6,329 | €6,329 | = | 0.0% |
| Reserves | 13 | €119,365 | €164,588 | +€45,223 | +37.9% |
| Distributable reserves | 133 | €119,365 | €164,588 | +€45,223 | +37.9% |
| Amounts payable | 17/49 | €150,826 | €166,353 | +€15,527 | +10.3% |
| Amounts payable after more than one year | 17 | €130,219 | €136,672 | +€6,454 | +5.0% |
| Other amounts payable | 178/9 | €130,219 | €136,672 | +€6,454 | +5.0% |
| Amounts payable within one year | 42/48 | €20,608 | €29,681 | +€9,073 | +44.0% |
| Trade debts | 44 | €7,639 | €11,460 | +€3,821 | +50.0% |
| Suppliers | 440/4 | €7,639 | €11,460 | +€3,821 | +50.0% |
| Taxes, remuneration and social security | 45 | €7,739 | €12,992 | +€5,252 | +67.9% |
| Taxes | 450/3 | €4,058 | €9,354 | +€5,296 | +130.5% |
| Remuneration and social security | 454/9 | €3,681 | €3,637 | -€44 | -1.2% |
| Other amounts payable | 47/48 | €5,230 | €5,230 | = | 0.0% |
| Non-recurring operating income | 76A | €14,000 | €0 | -€14,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,682 | €26,346 | +€7,664 | +41.0% |
| Other operating charges | 640/8 | €4,004 | €3,789 | -€215 | -5.4% |
| Gross operating margin | 9900 | €42,372 | €104,403 | +€62,031 | +146.4% |
| Operating profit (loss) | 9901 | €19,686 | €74,268 | +€54,583 | +277.3% |
| Financial income | 75/76B | €2,300 | €2,213 | -€87 | -3.8% |
| Recurring financial income | 75 | €2,300 | €2,213 | -€87 | -3.8% |
| Financial charges | 65/66B | €9,976 | €9,418 | -€558 | -5.6% |
| Recurring financial charges | 65 | €9,976 | €9,418 | -€558 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €12,010 | €67,064 | +€55,054 | +458.4% |
| Income taxes | 67/77 | €1,092 | €21,841 | +€20,749 | +1900.4% |
| Profit (loss) for the period | 9904 | €10,918 | €45,223 | +€34,305 | +314.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,918 | €45,223 | +€34,305 | +314.2% |
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 12 October 2026 via checked.be.