A.G.F.: 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.F.
Largest movements
- Receivables within one year -€2,101
down €2,101 (-6.8%), from €30,914 to €28,813
of which Other amounts receivable: -€2,501
- Profit (loss) carried forward +€11,032
up €11,032 (+32.0%), from €34,421 to €45,453
- Accrued charges and deferred income -€9,000
no longer reported in 2025 (was €9,000)
- Trade debts -€2,604
down €2,604 (-46.4%), from €5,610 to €3,006
- Tax, wage and social debts -€1,092
down €1,092 (-7.4%), from €14,772 to €13,680
of which Taxes: -€1,092
- Turnover -€137,107
no longer reported in 2025 (was €137,107)
- Purchases and services -€110,446
no longer reported in 2025 (was €110,446)
- Other operating charges +€4,108
up €4,108 (+2,774%), from €148 to €4,256
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 | €63,803 | €62,139 | -€1,665 | -2.6% |
| Fixed assets | 21/28 | €25,062 | €25,650 | +€588 | +2.3% |
| Tangible fixed assets | 22/27 | €25,062 | €25,650 | +€588 | +2.3% |
| Furniture and vehicles | 24 | €8,772 | €11,587 | +€2,815 | +32.1% |
| Other tangible fixed assets | 26 | €16,290 | €14,063 | -€2,227 | -13.7% |
| Current assets | 29/58 | €38,741 | €36,488 | -€2,253 | -5.8% |
| Amounts receivable within one year | 40/41 | €30,914 | €28,813 | -€2,101 | -6.8% |
| Trade receivables | 40 | €13,360 | €13,760 | +€401 | +3.0% |
| Other amounts receivable | 41 | €17,554 | €15,053 | -€2,501 | -14.2% |
| Cash at bank and in hand | 54/58 | €7,827 | €7,675 | -€152 | -1.9% |
| Total equity and liabilities | 10/49 | €63,803 | €62,139 | -€1,665 | -2.6% |
| Equity | 10/15 | €34,421 | €45,453 | +€11,032 | +32.0% |
| Profit (loss) carried forward | 14 | €34,421 | €45,453 | +€11,032 | +32.0% |
| Amounts payable | 17/49 | €29,382 | €16,686 | -€12,696 | -43.2% |
| Amounts payable within one year | 42/48 | €20,382 | €16,686 | -€3,696 | -18.1% |
| Trade debts | 44 | €5,610 | €3,006 | -€2,604 | -46.4% |
| Suppliers | 440/4 | €5,610 | €3,006 | -€2,604 | -46.4% |
| Taxes, remuneration and social security | 45 | €14,772 | €13,680 | -€1,092 | -7.4% |
| Taxes | 450/3 | €13,272 | €12,180 | -€1,092 | -8.2% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,000 | - | -€9,000 | |
| Turnover | 70 | €137,107 | - | -€137,107 | |
| Goods, raw materials, services and sundry goods | 60/61 | €110,446 | - | -€110,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,987 | €5,987 | +€1,000 | +20.1% |
| Other operating charges | 640/8 | €148 | €4,256 | +€4,108 | +2,774% |
| Gross operating margin | 9900 | €26,661 | €28,005 | +€1,344 | +5.0% |
| Operating profit (loss) | 9901 | €21,527 | €17,762 | -€3,764 | -17.5% |
| Financial income | 75/76B | €570 | €823 | +€253 | +44.4% |
| Recurring financial income | 75 | €570 | €823 | +€253 | +44.4% |
| Financial charges | 65/66B | €259 | €501 | +€242 | +93.2% |
| Recurring financial charges | 65 | €259 | €501 | +€242 | +93.2% |
| Profit (loss) for the period before taxes | 9903 | €21,837 | €18,084 | -€3,753 | -17.2% |
| Income taxes | 67/77 | €6,342 | €5,963 | -€380 | -6.0% |
| Profit (loss) for the period | 9904 | €15,495 | €12,122 | -€3,373 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,495 | €12,122 | -€3,373 | -21.8% |
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 1 November 2026 via checked.be.