AGUTRANS: 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.
AGUTRANS
Largest movements
- Tangible fixed assets -€269,452
down €269,452 (-62.6%), from €430,158 to €160,705
of which Leasing and similar rights: -€180,965
- Trade debts -€223,498
down €223,498 (-43.1%), from €519,146 to €295,648
- Debts after one year -€111,961
no longer reported in 2025 (was €111,961)
- Reserves +€60,106
up €60,106 (+6.3%), from €955,457 to €1.0m
of which Distributable reserves: +€58,240
- Current portion of long-term debt -€25,508
down €25,508 (-17.2%), from €148,711 to €123,204
- Gross operating margin -€170,284
down €170,284 (-13.2%), from €1.3m to €1.1m
- Depreciation -€123,361
down €123,361 (-38.4%), from €321,572 to €198,210
- Staff costs -€41,929
down €41,929 (-4.9%), from €861,546 to €819,618
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 | €1,906,647 | €1,621,533 | -€285,114 | -15.0% |
| Fixed assets | 21/28 | €435,173 | €162,520 | -€272,652 | -62.7% |
| Tangible fixed assets | 22/27 | €430,158 | €160,705 | -€269,452 | -62.6% |
| Furniture and vehicles | 24 | €249,193 | €160,705 | -€88,488 | -35.5% |
| Leasing and similar rights | 25 | €180,965 | - | -€180,965 | |
| Financial fixed assets | 28 | €5,015 | €1,815 | -€3,200 | -63.8% |
| Current assets | 29/58 | €1,471,474 | €1,459,013 | -€12,462 | -0.8% |
| Amounts receivable within one year | 40/41 | €1,466,199 | €1,455,028 | -€11,170 | -0.8% |
| Trade receivables | 40 | €74,639 | €122,890 | +€48,251 | +64.6% |
| Other amounts receivable | 41 | €1,391,560 | €1,332,138 | -€59,421 | -4.3% |
| Cash at bank and in hand | 54/58 | €3,518 | €2,984 | -€534 | -15.2% |
| Deferred charges and accrued income | 490/1 | €1,758 | €1,000 | -€758 | -43.1% |
| Total equity and liabilities | 10/49 | €1,906,647 | €1,621,533 | -€285,114 | -15.0% |
| Equity | 10/15 | €974,007 | €1,034,113 | +€60,106 | +6.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €955,457 | €1,015,563 | +€60,106 | +6.3% |
| Non-distributable reserves | 130/1 | - | €1,866 | +€1,866 | |
| Reserves not available under the articles | 1311 | - | €1,866 | +€1,866 | |
| Tax-exempt reserves | 132 | €187,320 | €187,320 | = | 0.0% |
| Distributable reserves | 133 | €768,137 | €826,376 | +€58,240 | +7.6% |
| Amounts payable | 17/49 | €932,640 | €587,420 | -€345,220 | -37.0% |
| Amounts payable after more than one year | 17 | €111,961 | - | -€111,961 | |
| Financial debts | 170/4 | €111,961 | - | -€111,961 | |
| Amounts payable within one year | 42/48 | €820,679 | €587,420 | -€233,259 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €148,711 | €123,204 | -€25,508 | -17.2% |
| Trade debts | 44 | €519,146 | €295,648 | -€223,498 | -43.1% |
| Suppliers | 440/4 | €519,146 | €295,648 | -€223,498 | -43.1% |
| Taxes, remuneration and social security | 45 | €152,821 | €168,568 | +€15,747 | +10.3% |
| Taxes | 450/3 | €39,760 | €92,857 | +€53,098 | +133.5% |
| Remuneration and social security | 454/9 | €113,062 | €75,710 | -€37,351 | -33.0% |
| Non-recurring operating income | 76A | €19,500 | €16,649 | -€2,851 | -14.6% |
| Remuneration, social security and pensions | 62 | €861,546 | €819,618 | -€41,929 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321,572 | €198,210 | -€123,361 | -38.4% |
| Other operating charges | 640/8 | €11,066 | €15,931 | +€4,865 | +44.0% |
| Non-recurring operating charges | 66A | - | €1,638 | +€1,638 | |
| Gross operating margin | 9900 | €1,291,568 | €1,121,284 | -€170,284 | -13.2% |
| Operating profit (loss) | 9901 | €97,384 | €85,887 | -€11,497 | -11.8% |
| Financial income | 75/76B | €2,015 | €419 | -€1,596 | -79.2% |
| Recurring financial income | 75 | €2,015 | €419 | -€1,596 | -79.2% |
| Financial charges | 65/66B | €2,876 | €1,709 | -€1,167 | -40.6% |
| Recurring financial charges | 65 | €2,876 | €1,709 | -€1,167 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €96,524 | €84,598 | -€11,926 | -12.4% |
| Income taxes | 67/77 | €28,721 | €24,492 | -€4,229 | -14.7% |
| Profit (loss) for the period | 9904 | €67,803 | €60,106 | -€7,697 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,803 | €60,106 | -€7,697 | -11.4% |
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 6 October 2026 via checked.be.