Agera: what changed
Agera
Largest movements
- Cash -€10,229
down €10,229 (-14.5%), from €70,445 to €60,216
mainly Contributions, distributions and other (-€34,990) and Other debts (-€11,578)
- Tangible fixed assets -€9,853
down €9,853 (-51.3%), from €19,205 to €9,352
of which Furniture and vehicles: -€8,800
- Receivables within one year +€2,259
up €2,259 (+12.5%), from €18,144 to €20,403
of which Trade receivables: +€7,816
- Deferred charges and accrued income -€1,173
no longer reported in 2025 (was €1,173)
- Other debts -€11,578
down €11,578 (-77.5%), from €14,946 to €3,368
- Tax, wage and social debts -€3,384
down €3,384 (-61.7%), from €5,488 to €2,104
- Accrued charges and deferred income -€3,332
down €3,332 (-21.9%), from €15,218 to €11,887
- Reserves -€2,176
down €2,176 (-3.6%), from €60,729 to €58,553
- Trade debts +€1,474
up €1,474 (+791%), from €186 to €1,660
- Gross operating margin +€6,488
up €6,488 (+12.4%), from €52,507 to €58,995
- Taxes +€1,459
up €1,459 (+10.6%), from €13,817 to €15,277
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,968 | €89,972 | -€18,997 | -17.4% |
| Fixed assets | 21/28 | €19,205 | €9,352 | -€9,853 | -51.3% |
| Tangible fixed assets | 22/27 | €19,205 | €9,352 | -€9,853 | -51.3% |
| Land and buildings | 22 | €3,805 | €2,752 | -€1,053 | -27.7% |
| Furniture and vehicles | 24 | €15,400 | €6,600 | -€8,800 | -57.1% |
| Current assets | 29/58 | €89,763 | €80,619 | -€9,143 | -10.2% |
| Amounts receivable within one year | 40/41 | €18,144 | €20,403 | +€2,259 | +12.5% |
| Trade receivables | 40 | €11,404 | €19,220 | +€7,816 | +68.5% |
| Other amounts receivable | 41 | €6,740 | €1,183 | -€5,557 | -82.4% |
| Cash at bank and in hand | 54/58 | €70,445 | €60,216 | -€10,229 | -14.5% |
| Deferred charges and accrued income | 490/1 | €1,173 | - | -€1,173 | |
| Total equity and liabilities | 10/49 | €108,968 | €89,972 | -€18,997 | -17.4% |
| Equity | 10/15 | €73,129 | €70,953 | -€2,176 | -3.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,729 | €58,553 | -€2,176 | -3.6% |
| Distributable reserves | 133 | €60,729 | €58,553 | -€2,176 | -3.6% |
| Amounts payable | 17/49 | €35,839 | €19,018 | -€16,820 | -46.9% |
| Amounts payable within one year | 42/48 | €20,620 | €7,132 | -€13,489 | -65.4% |
| Trade debts | 44 | €186 | €1,660 | +€1,474 | +791% |
| Suppliers | 440/4 | €186 | €1,660 | +€1,474 | +791% |
| Taxes, remuneration and social security | 45 | €5,488 | €2,104 | -€3,384 | -61.7% |
| Taxes | 450/3 | €5,488 | €2,104 | -€3,384 | -61.7% |
| Other amounts payable | 47/48 | €14,946 | €3,368 | -€11,578 | -77.5% |
| Accrued charges and deferred income | 492/3 | €15,218 | €11,887 | -€3,332 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,454 | €10,467 | +€13 | +0.1% |
| Other operating charges | 640/8 | €826 | €346 | -€480 | -58.1% |
| Gross operating margin | 9900 | €52,507 | €58,995 | +€6,488 | +12.4% |
| Operating profit (loss) | 9901 | €41,227 | €48,182 | +€6,955 | +16.9% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Non-recurring financial income | 76B | €20 | - | -€20 | |
| Financial charges | 65/66B | €93 | €92 | -€2 | -1.6% |
| Recurring financial charges | 65 | €93 | €92 | -€2 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €41,154 | €48,090 | +€6,936 | +16.9% |
| Income taxes | 67/77 | €13,817 | €15,277 | +€1,459 | +10.6% |
| Profit (loss) for the period | 9904 | €27,337 | €32,814 | +€5,477 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,337 | €32,814 | +€5,477 | +20.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.