AGVANTAGE: 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.
AGVANTAGE
Largest movements
- Stocks and contracts +€96,324
new in 2025: €96,324
- Cash -€55,655
down €55,655 (-97.5%), from €57,085 to €1,431
mainly Stocks and contracts (-€96,324) and Contributions, distributions and other (-€23,529)
- Receivables within one year +€18,731
up €18,731 (+132.5%), from €14,140 to €32,871
of which Other amounts receivable: +€18,514
- Other debts +€55,523
new in 2025: €55,523
- Trade debts +€26,849
up €26,849 (+4033.8%), from €666 to €27,514
- Profit (loss) carried forward -€24,598
down €24,598 (-38.5%), from €63,824 to €39,225
- Tax, wage and social debts +€1,374
up €1,374 (+63.8%), from €2,155 to €3,529
- Gross operating margin -€58,726
down €58,726 (-97.2%), from €60,390 to €1,664
- Taxes -€12,325
no longer reported in 2025 (was €12,325)
- Financial charges +€1,402
up €1,402 (+361.6%), from €388 to €1,790
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 | €71,745 | €130,892 | +€59,148 | +82.4% |
| Fixed assets | 21/28 | €519 | €131 | -€388 | -74.8% |
| Tangible fixed assets | 22/27 | €519 | €131 | -€388 | -74.8% |
| Plant, machinery and equipment | 23 | €519 | €131 | -€388 | -74.8% |
| Current assets | 29/58 | €71,226 | €130,761 | +€59,536 | +83.6% |
| Stocks and contracts in progress | 3 | - | €96,324 | +€96,324 | |
| Stocks | 30/36 | - | €96,324 | +€96,324 | |
| Amounts receivable within one year | 40/41 | €14,140 | €32,871 | +€18,731 | +132.5% |
| Trade receivables | 40 | €12,000 | €12,217 | +€217 | +1.8% |
| Other amounts receivable | 41 | €2,140 | €20,654 | +€18,514 | +865.1% |
| Cash at bank and in hand | 54/58 | €57,085 | €1,431 | -€55,655 | -97.5% |
| Deferred charges and accrued income | 490/1 | - | €135 | +€135 | |
| Total equity and liabilities | 10/49 | €71,745 | €130,892 | +€59,148 | +82.4% |
| Equity | 10/15 | €68,924 | €44,325 | -€24,598 | -35.7% |
| Contributions | 10/11 | €5,100 | €5,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,824 | €39,225 | -€24,598 | -38.5% |
| Amounts payable | 17/49 | €2,821 | €86,567 | +€83,746 | +2968.9% |
| Amounts payable within one year | 42/48 | €2,821 | €86,567 | +€83,746 | +2968.9% |
| Trade debts | 44 | €666 | €27,514 | +€26,849 | +4033.8% |
| Suppliers | 440/4 | €666 | €27,514 | +€26,849 | +4033.8% |
| Taxes, remuneration and social security | 45 | €2,155 | €3,529 | +€1,374 | +63.8% |
| Taxes | 450/3 | €2,155 | €3,529 | +€1,374 | +63.8% |
| Other amounts payable | 47/48 | - | €55,523 | +€55,523 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388 | €388 | -€0 | 0.0% |
| Other operating charges | 640/8 | €188 | €554 | +€366 | +195.1% |
| Gross operating margin | 9900 | €60,390 | €1,664 | -€58,726 | -97.2% |
| Operating profit (loss) | 9901 | €59,814 | €721 | -€59,093 | -98.8% |
| Financial charges | 65/66B | €388 | €1,790 | +€1,402 | +361.6% |
| Recurring financial charges | 65 | €388 | €1,790 | +€1,402 | +361.6% |
| Profit (loss) for the period before taxes | 9903 | €59,426 | -€1,069 | -€60,495 | |
| Income taxes | 67/77 | €12,325 | - | -€12,325 | |
| Profit (loss) for the period | 9904 | €47,102 | -€1,069 | -€48,171 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,102 | -€1,069 | -€48,171 |
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.