AGEMY: 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.
AGEMY
Largest movements
- Current investments -€630,000
no longer reported in 2025 (was €630,000)
- Cash +€349,378
up €349,378 (+139%), from €251,205 to €600,583
mainly Current investments (+€630,000) and Net result for the year (+€88,808)
- Tangible fixed assets -€64,050
down €64,050 (-8.3%), from €772,191 to €708,141
of which Land and buildings: -€34,958
- Stocks and contracts +€54,728
up €54,728 (+27.7%), from €197,622 to €252,350
- Reserves -€286,022
down €286,022 (-31.6%), from €905,036 to €619,014
of which Distributable reserves: -€286,022
- Trade debts -€23,495
down €23,495 (-42.3%), from €55,507 to €32,012
- Gross operating margin -€137,869
down €137,869 (-24.8%), from €555,616 to €417,747
- Taxes -€37,483
down €37,483 (-50.9%), from €73,642 to €36,159
- Financial income +€17,543
up €17,543 (+787%), from €2,229 to €19,772
- Other operating charges -€7,768
down €7,768 (-26.4%), from €29,423 to €21,655
- Staff costs +€6,141
up €6,141 (+3.0%), from €202,296 to €208,437
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 | €1,869,652 | €1,575,271 | -€294,381 | -15.7% |
| Fixed assets | 21/28 | €776,537 | €712,487 | -€64,050 | -8.2% |
| Tangible fixed assets | 22/27 | €772,191 | €708,141 | -€64,050 | -8.3% |
| Land and buildings | 22 | €648,694 | €613,736 | -€34,958 | -5.4% |
| Plant, machinery and equipment | 23 | €56,134 | €48,271 | -€7,863 | -14.0% |
| Furniture and vehicles | 24 | €67,363 | €46,134 | -€21,229 | -31.5% |
| Financial fixed assets | 28 | €4,346 | €4,346 | = | 0.0% |
| Current assets | 29/58 | €1,093,115 | €862,785 | -€230,331 | -21.1% |
| Stocks and contracts in progress | 3 | €197,622 | €252,350 | +€54,728 | +27.7% |
| Stocks | 30/36 | €197,622 | €252,350 | +€54,728 | +27.7% |
| Amounts receivable within one year | 40/41 | €6,327 | €2,901 | -€3,426 | -54.1% |
| Trade receivables | 40 | €6,327 | €2,901 | -€3,426 | -54.1% |
| Current investments | 50/53 | €630,000 | - | -€630,000 | |
| Cash at bank and in hand | 54/58 | €251,205 | €600,583 | +€349,378 | +139% |
| Deferred charges and accrued income | 490/1 | €7,960 | €6,950 | -€1,010 | -12.7% |
| Total equity and liabilities | 10/49 | €1,869,652 | €1,575,271 | -€294,381 | -15.7% |
| Equity | 10/15 | €1,480,390 | €1,194,368 | -€286,022 | -19.3% |
| Contributions | 10/11 | €461,900 | €461,900 | = | 0.0% |
| Reserves | 13 | €905,036 | €619,014 | -€286,022 | -31.6% |
| Non-distributable reserves | 130/1 | €46,190 | €46,190 | = | 0.0% |
| Reserves not available under the articles | 1311 | €46,190 | €46,190 | = | 0.0% |
| Distributable reserves | 133 | €858,846 | €572,824 | -€286,022 | -33.3% |
| Profit (loss) carried forward | 14 | €113,454 | €113,454 | = | 0.0% |
| Amounts payable | 17/49 | €389,262 | €380,903 | -€8,359 | -2.1% |
| Amounts payable after more than one year | 17 | €45,987 | €45,987 | = | 0.0% |
| Financial debts | 170/4 | €45,987 | €45,987 | = | 0.0% |
| Amounts payable within one year | 42/48 | €340,690 | €327,302 | -€13,388 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €6,467 | - | -€6,467 | |
| Trade debts | 44 | €55,507 | €32,012 | -€23,495 | -42.3% |
| Suppliers | 440/4 | €55,507 | €32,012 | -€23,495 | -42.3% |
| Taxes, remuneration and social security | 45 | €126,046 | €127,909 | +€1,863 | +1.5% |
| Taxes | 450/3 | €82,266 | €80,745 | -€1,521 | -1.8% |
| Remuneration and social security | 454/9 | €43,780 | €47,164 | +€3,384 | +7.7% |
| Other amounts payable | 47/48 | €152,670 | €167,381 | +€14,711 | +9.6% |
| Accrued charges and deferred income | 492/3 | €2,585 | €7,614 | +€5,029 | +195% |
| Remuneration, social security and pensions | 62 | €202,296 | €208,437 | +€6,141 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,210 | €64,050 | -€159 | -0.2% |
| Other operating charges | 640/8 | €29,423 | €21,655 | -€7,768 | -26.4% |
| Gross operating margin | 9900 | €555,616 | €417,747 | -€137,869 | -24.8% |
| Operating profit (loss) | 9901 | €259,687 | €123,605 | -€136,082 | -52.4% |
| Financial income | 75/76B | €2,229 | €19,772 | +€17,543 | +787% |
| Recurring financial income | 75 | €2,229 | €19,772 | +€17,543 | +787% |
| Financial charges | 65/66B | €19,421 | €18,409 | -€1,012 | -5.2% |
| Recurring financial charges | 65 | €19,421 | €18,409 | -€1,012 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €242,495 | €124,967 | -€117,528 | -48.5% |
| Income taxes | 67/77 | €73,642 | €36,159 | -€37,483 | -50.9% |
| Profit (loss) for the period | 9904 | €168,853 | €88,808 | -€80,045 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €168,853 | €88,808 | -€80,045 | -47.4% |
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 17 October 2026 via checked.be.