AGYCO: 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.
AGYCO
Largest movements
- Cash -€20,662
down €20,662 (-45.0%), from €45,965 to €25,303
mainly Debts after one year (-€35,000) and Contributions, distributions and other (-€13,000)
- Receivables within one year +€8,794
up €8,794 (+111.1%), from €7,912 to €16,707
of which Trade receivables: +€6,385
- Deferred charges and accrued income -€6,877
down €6,877 (-86.3%), from €7,967 to €1,090
- Tangible fixed assets +€2,728
up €2,728 (+29.2%), from €9,349 to €12,077
of which Other tangible fixed assets: +€4,603
- Stocks and contracts +€2,023
up €2,023 (+64.5%), from €3,136 to €5,159
- Debts after one year -€35,000
no longer reported in 2025 (was €35,000)
- Other debts +€10,873
up €10,873 (+511.3%), from €2,127 to €13,000
- Trade debts +€6,681
up €6,681 (+427.0%), from €1,565 to €8,246
- Reserves +€5,000
up €5,000 (+100.0%), from €5,000 to €10,000
- Tax, wage and social debts -€1,926
down €1,926 (-15.0%), from €12,800 to €10,874
of which Taxes: -€3,545
- Gross operating margin +€8,712
up €8,712 (+36.5%), from €23,860 to €32,571
- Other operating charges +€2,894
up €2,894 (+572.7%), from €505 to €3,399
- Financial charges +€1,732
up €1,732 (+2852.7%), from €61 to €1,792
- Depreciation +€1,581
up €1,581 (+81.8%), from €1,934 to €3,515
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 | €75,478 | €61,484 | -€13,994 | -18.5% |
| Fixed assets | 21/28 | €10,497 | €13,225 | +€2,728 | +26.0% |
| Tangible fixed assets | 22/27 | €9,349 | €12,077 | +€2,728 | +29.2% |
| Plant, machinery and equipment | 23 | - | €788 | +€788 | |
| Furniture and vehicles | 24 | €9,349 | €6,686 | -€2,663 | -28.5% |
| Other tangible fixed assets | 26 | - | €4,603 | +€4,603 | |
| Financial fixed assets | 28 | €1,148 | €1,148 | = | 0.0% |
| Current assets | 29/58 | €64,981 | €48,258 | -€16,722 | -25.7% |
| Stocks and contracts in progress | 3 | €3,136 | €5,159 | +€2,023 | +64.5% |
| Stocks | 30/36 | €3,136 | €5,159 | +€2,023 | +64.5% |
| Amounts receivable within one year | 40/41 | €7,912 | €16,707 | +€8,794 | +111.1% |
| Trade receivables | 40 | €7,912 | €14,298 | +€6,385 | +80.7% |
| Other amounts receivable | 41 | - | €2,409 | +€2,409 | |
| Cash at bank and in hand | 54/58 | €45,965 | €25,303 | -€20,662 | -45.0% |
| Deferred charges and accrued income | 490/1 | €7,967 | €1,090 | -€6,877 | -86.3% |
| Total equity and liabilities | 10/49 | €75,478 | €61,484 | -€13,994 | -18.5% |
| Equity | 10/15 | €23,987 | €29,365 | +€5,378 | +22.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Distributable reserves | 133 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Profit (loss) carried forward | 14 | €395 | €773 | +€378 | +95.6% |
| Amounts payable | 17/49 | €51,491 | €32,119 | -€19,372 | -37.6% |
| Amounts payable after more than one year | 17 | €35,000 | - | -€35,000 | |
| Financial debts | 170/4 | €35,000 | - | -€35,000 | |
| Amounts payable within one year | 42/48 | €16,491 | €32,119 | +€15,628 | +94.8% |
| Trade debts | 44 | €1,565 | €8,246 | +€6,681 | +427.0% |
| Suppliers | 440/4 | €1,565 | €8,246 | +€6,681 | +427.0% |
| Taxes, remuneration and social security | 45 | €12,800 | €10,874 | -€1,926 | -15.0% |
| Taxes | 450/3 | €10,663 | €7,118 | -€3,545 | -33.2% |
| Remuneration and social security | 454/9 | €2,137 | €3,756 | +€1,619 | +75.8% |
| Other amounts payable | 47/48 | €2,127 | €13,000 | +€10,873 | +511.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,934 | €3,515 | +€1,581 | +81.8% |
| Other operating charges | 640/8 | €505 | €3,399 | +€2,894 | +572.7% |
| Gross operating margin | 9900 | €23,860 | €32,571 | +€8,712 | +36.5% |
| Operating profit (loss) | 9901 | €21,421 | €25,657 | +€4,237 | +19.8% |
| Financial income | 75/76B | €1 | €25 | +€24 | +3924.2% |
| Recurring financial income | 75 | €1 | €25 | +€24 | +3924.2% |
| Financial charges | 65/66B | €61 | €1,792 | +€1,732 | +2852.7% |
| Recurring financial charges | 65 | €61 | €1,792 | +€1,732 | +2852.7% |
| Profit (loss) for the period before taxes | 9903 | €21,361 | €23,890 | +€2,529 | +11.8% |
| Income taxes | 67/77 | €5,302 | €5,512 | +€210 | +4.0% |
| Profit (loss) for the period | 9904 | €16,058 | €18,378 | +€2,319 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,058 | €18,378 | +€2,319 | +14.4% |
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.