A.G.E.C Construct: 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.
A.G.E.C Construct
Largest movements
- Receivables within one year +€659,229
up €659,229 (+44.5%), from €1.5m to €2.1m
of which Other amounts receivable: +€667,168
- Cash -€68,128
down €68,128 (-64.6%), from €105,520 to €37,392
mainly Receivables within one year (-€659,229) and Advances received (-€39,722)
- Tangible fixed assets +€29,204
up €29,204 (+108.5%), from €26,917 to €56,121
of which Furniture and vehicles: +€27,812
- Trade debts +€362,437
up €362,437 (+54.6%), from €663,929 to €1.0m
- Profit (loss) carried forward +€215,575
up €215,575 (+51.0%), from -€422,655 to -€207,079
- Tax, wage and social debts +€69,864
up €69,864 (+136.8%), from €51,086 to €120,950
- Advances received -€39,722
no longer reported in 2024 (was €39,722)
- Accrued charges and deferred income +€24,428
up €24,428 (+17533.6%), from €139 to €24,567
- Gross operating margin -€1.1m
down €1.1m (-78.8%), from €1.4m to €291,071
- Write-downs -€164,370
no longer reported in 2024 (was €164,370)
- Financial charges -€108,035
down €108,035 (-93.7%), from €115,263 to €7,228
- Taxes +€58,249
up €58,249 (+196.5%), from €29,643 to €87,893
- Other operating charges -€19,708
down €19,708 (-87.4%), from €22,547 to €2,839
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,714,509 | €2,335,257 | +€620,748 | +36.2% |
| Fixed assets | 21/28 | €126,331 | €155,535 | +€29,204 | +23.1% |
| Tangible fixed assets | 22/27 | €26,917 | €56,121 | +€29,204 | +108.5% |
| Land and buildings | 22 | €21,947 | €19,716 | -€2,231 | -10.2% |
| Plant, machinery and equipment | 23 | €878 | €4,502 | +€3,623 | +412.4% |
| Furniture and vehicles | 24 | €4,092 | €31,904 | +€27,812 | +679.7% |
| Financial fixed assets | 28 | €99,414 | €99,414 | = | 0.0% |
| Current assets | 29/58 | €1,588,178 | €2,179,722 | +€591,544 | +37.2% |
| Amounts receivable within one year | 40/41 | €1,482,425 | €2,141,654 | +€659,229 | +44.5% |
| Trade receivables | 40 | €7,939 | - | -€7,939 | |
| Other amounts receivable | 41 | €1,474,486 | €2,141,654 | +€667,168 | +45.2% |
| Cash at bank and in hand | 54/58 | €105,520 | €37,392 | -€68,128 | -64.6% |
| Deferred charges and accrued income | 490/1 | €233 | €677 | +€444 | +190.5% |
| Total equity and liabilities | 10/49 | €1,714,509 | €2,335,257 | +€620,748 | +36.2% |
| Equity | 10/15 | €600,386 | €804,127 | +€203,741 | +33.9% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €756,241 | €756,241 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,500 | €8,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,500 | €8,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €747,741 | €747,741 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€422,655 | -€207,079 | +€215,575 | +51.0% |
| Investment grants | 15 | €181,800 | €169,966 | -€11,834 | -6.5% |
| Provisions and deferred taxes | 16 | €359,247 | €359,247 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €110,000 | €110,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €110,000 | €110,000 | = | 0.0% |
| Deferred taxes | 168 | €249,247 | €249,247 | = | 0.0% |
| Amounts payable | 17/49 | €754,876 | €1,171,883 | +€417,007 | +55.2% |
| Amounts payable within one year | 42/48 | €754,737 | €1,147,316 | +€392,579 | +52.0% |
| Trade debts | 44 | €663,929 | €1,026,366 | +€362,437 | +54.6% |
| Suppliers | 440/4 | €663,929 | €1,026,366 | +€362,437 | +54.6% |
| Advances received on contracts in progress | 46 | €39,722 | - | -€39,722 | |
| Taxes, remuneration and social security | 45 | €51,086 | €120,950 | +€69,864 | +136.8% |
| Taxes | 450/3 | €51,086 | €120,950 | +€69,864 | +136.8% |
| Accrued charges and deferred income | 492/3 | €139 | €24,567 | +€24,428 | +17533.6% |
| Remuneration, social security and pensions | 62 | €328 | - | -€328 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,781 | €7,482 | +€701 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €164,370 | - | -€164,370 | |
| Other operating charges | 640/8 | €22,547 | €2,839 | -€19,708 | -87.4% |
| Gross operating margin | 9900 | €1,372,067 | €291,071 | -€1.1m | -78.8% |
| Operating profit (loss) | 9901 | €1,178,040 | €280,750 | -€897,290 | -76.2% |
| Financial income | 75/76B | €31,973 | €29,946 | -€2,026 | -6.3% |
| Recurring financial income | 75 | €31,973 | €29,946 | -€2,026 | -6.3% |
| Financial charges | 65/66B | €115,263 | €7,228 | -€108,035 | -93.7% |
| Recurring financial charges | 65 | €115,263 | €7,228 | -€108,035 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | €1,094,750 | €303,468 | -€791,282 | -72.3% |
| Transfer to deferred taxes | 680 | €249,247 | - | -€249,247 | |
| Income taxes | 67/77 | €29,643 | €87,893 | +€58,249 | +196.5% |
| Profit (loss) for the period | 9904 | €815,859 | €215,575 | -€600,284 | -73.6% |
| Transfer to tax-exempt reserves | 689 | €747,741 | - | -€747,741 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,119 | €215,575 | +€147,456 | +216.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.