AGA2: 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.
AGA2
Largest movements
- Tangible fixed assets -€73,633
down €73,633 (-3.8%), from €2.0m to €1.9m
- Debts after one year -€91,144
down €91,144 (-5.4%), from €1.7m to €1.6m
- Profit (loss) carried forward +€20,681
up €20,681 (+64.3%), from -€32,159 to -€11,477
- Gross operating margin +€14,265
up €14,265 (+10.8%), from €132,678 to €146,943
- Financial charges -€4,297
down €4,297 (-10.8%), from €39,798 to €35,501
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 | €2,027,575 | €1,931,675 | -€95,899 | -4.7% |
| Fixed assets | 21/28 | €1,962,355 | €1,888,722 | -€73,633 | -3.8% |
| Tangible fixed assets | 22/27 | €1,962,355 | €1,888,722 | -€73,633 | -3.8% |
| Land and buildings | 22 | €1,962,355 | €1,888,722 | -€73,633 | -3.8% |
| Current assets | 29/58 | €65,220 | €42,954 | -€22,266 | -34.1% |
| Amounts receivable within one year | 40/41 | €50,642 | €37,245 | -€13,396 | -26.5% |
| Trade receivables | 40 | €35,211 | €28,626 | -€6,585 | -18.7% |
| Other amounts receivable | 41 | €15,431 | €8,619 | -€6,812 | -44.1% |
| Cash at bank and in hand | 54/58 | €14,578 | €5,708 | -€8,869 | -60.8% |
| Total equity and liabilities | 10/49 | €2,027,575 | €1,931,675 | -€95,899 | -4.7% |
| Equity | 10/15 | €117,841 | €138,523 | +€20,681 | +17.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,159 | -€11,477 | +€20,681 | +64.3% |
| Amounts payable | 17/49 | €1,909,733 | €1,793,153 | -€116,581 | -6.1% |
| Amounts payable after more than one year | 17 | €1,701,097 | €1,609,953 | -€91,144 | -5.4% |
| Financial debts | 170/4 | €1,701,097 | €1,609,953 | -€91,144 | -5.4% |
| Amounts payable within one year | 42/48 | €208,168 | €183,200 | -€24,968 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €91,138 | €91,144 | +€6 | 0.0% |
| Trade debts | 44 | €26,694 | €17,449 | -€9,246 | -34.6% |
| Suppliers | 440/4 | €26,694 | €17,449 | -€9,246 | -34.6% |
| Taxes, remuneration and social security | 45 | €12,201 | €12,472 | +€271 | +2.2% |
| Taxes | 450/3 | €10,301 | €10,572 | +€271 | +2.6% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €78,135 | €62,135 | -€16,000 | -20.5% |
| Accrued charges and deferred income | 492/3 | €468 | - | -€468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,633 | €73,633 | = | 0.0% |
| Other operating charges | 640/8 | €16,490 | €17,127 | +€638 | +3.9% |
| Gross operating margin | 9900 | €132,678 | €146,943 | +€14,265 | +10.8% |
| Operating profit (loss) | 9901 | €42,555 | €56,182 | +€13,627 | +32.0% |
| Financial charges | 65/66B | €39,798 | €35,501 | -€4,297 | -10.8% |
| Recurring financial charges | 65 | €39,798 | €35,501 | -€4,297 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €2,757 | €20,681 | +€17,924 | +650% |
| Profit (loss) for the period | 9904 | €2,757 | €20,681 | +€17,924 | +650% |
| Profit (loss) for the period to be appropriated | 9905 | €2,757 | €20,681 | +€17,924 | +650% |
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 14 October 2026 via checked.be.