LES AGAISES: 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.
LES AGAISES
Largest movements
- Cash -€70,548
down €70,548 (-66.9%), from €105,528 to €34,980
mainly Other debts (-€66,372) and Current portion of long-term debt (-€54,470)
- Tangible fixed assets -€28,786
down €28,786 (-2.5%), from €1.2m to €1.1m
- Deferred charges and accrued income +€21,037
up €21,037 (+2,073%), from €1,015 to €22,052
- Other debts -€66,372
down €66,372 (-17.7%), from €375,150 to €308,778
- Current portion of long-term debt -€54,470
down €54,470 (-48.4%), from €112,494 to €58,024
- Profit (loss) carried forward +€39,252
up €39,252, from -€13,050 to €26,202
- Financial income -€413,921
down €413,921 (-96.9%), from €427,258 to €13,337
of which Financial income: -€427,247
- Purchases and services +€92,775
up €92,775 (+438%), from €21,193 to €113,968
- Turnover +€48,203
up €48,203 (+29.8%), from €161,927 to €210,129
- Gross operating margin -€44,572
down €44,572 (-31.7%), from €140,734 to €96,161
- Taxes +€5,554
new in 2025: €5,554
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.
Derived cash bridge
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 | €1,320,279 | €1,236,886 | -€83,393 | -6.3% |
| Fixed assets | 21/28 | €1,192,136 | €1,163,350 | -€28,786 | -2.4% |
| Intangible fixed assets | 21 | €38,804 | €38,804 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,153,333 | €1,124,546 | -€28,786 | -2.5% |
| Land and buildings | 22 | €1,153,333 | €1,124,546 | -€28,786 | -2.5% |
| Current assets | 29/58 | €128,143 | €73,536 | -€54,606 | -42.6% |
| Amounts receivable within one year | 40/41 | €21,600 | €16,504 | -€5,096 | -23.6% |
| Other amounts receivable | 41 | €21,600 | €16,504 | -€5,096 | -23.6% |
| Cash at bank and in hand | 54/58 | €105,528 | €34,980 | -€70,548 | -66.9% |
| Deferred charges and accrued income | 490/1 | €1,015 | €22,052 | +€21,037 | +2,073% |
| Total equity and liabilities | 10/49 | €1,320,279 | €1,236,886 | -€83,393 | -6.3% |
| Equity | 10/15 | €463,962 | €503,188 | +€39,226 | +8.5% |
| Contributions | 10/11 | €49,753 | €49,753 | = | 0.0% |
| Capital | 10 | €49,753 | €49,753 | = | 0.0% |
| Issued capital | 100 | €49,753 | €49,753 | = | 0.0% |
| Reserves | 13 | €427,259 | €427,234 | -€25 | 0.0% |
| Tax-exempt reserves | 132 | €427,259 | €427,234 | -€25 | 0.0% |
| Profit (loss) carried forward | 14 | -€13,050 | €26,202 | +€39,252 | |
| Amounts payable | 17/49 | €856,317 | €733,698 | -€122,619 | -14.3% |
| Amounts payable after more than one year | 17 | €368,673 | €366,896 | -€1,777 | -0.5% |
| Financial debts | 170/4 | €368,673 | €366,896 | -€1,777 | -0.5% |
| Amounts payable within one year | 42/48 | €487,644 | €366,802 | -€120,842 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €112,494 | €58,024 | -€54,470 | -48.4% |
| Other amounts payable | 47/48 | €375,150 | €308,778 | -€66,372 | -17.7% |
| Turnover | 70 | €161,927 | €210,129 | +€48,203 | +29.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €21,193 | €113,968 | +€92,775 | +438% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,226 | €37,713 | -€514 | -1.3% |
| Other operating charges | 640/8 | €6,125 | €4,706 | -€1,419 | -23.2% |
| Gross operating margin | 9900 | €140,734 | €96,161 | -€44,572 | -31.7% |
| Operating profit (loss) | 9901 | €96,383 | €53,743 | -€42,640 | -44.2% |
| Financial income | 75/76B | €427,258 | €13,337 | -€413,921 | -96.9% |
| Recurring financial income | 75 | €427,258 | €12 | -€427,247 | -100.0% |
| Non-recurring financial income | 76B | - | €13,326 | +€13,326 | |
| Financial charges | 65/66B | €13,643 | €8,948 | -€4,695 | -34.4% |
| Recurring financial charges | 65 | €13,643 | €8,948 | -€4,695 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €509,998 | €58,132 | -€451,866 | -88.6% |
| Transfer to deferred taxes | 680 | €427,259 | - | -€427,259 | |
| Income taxes | 67/77 | - | €5,554 | +€5,554 | |
| Profit (loss) for the period | 9904 | €82,739 | €52,577 | -€30,162 | -36.5% |
| Transfer to tax-exempt reserves | 689 | - | €13,326 | +€13,326 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,739 | €39,252 | -€43,487 | -52.6% |
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 15 October 2026 via checked.be.