A.G.L.P.: 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.L.P.
Largest movements
- Tangible fixed assets +€31,085
up €31,085 (+5.9%), from €528,324 to €559,408
of which Plant, machinery and equipment: +€48,796
- Other debts +€30,017
up €30,017 (+8.6%), from €349,972 to €379,990
- Trade debts +€18,431
up €18,431 (+591%), from €3,119 to €21,550
- Debts after one year -€13,267
down €13,267 (-18.4%), from €72,172 to €58,904
- Gross operating margin +€15,650
up €15,650 (+41.4%), from €37,818 to €53,468
- Depreciation +€5,521
up €5,521 (+28.3%), from €19,475 to €24,995
- Taxes +€2,228
up €2,228 (+1,617%), from €138 to €2,366
- Financial charges -€1,215
down €1,215 (-4.6%), from €26,128 to €24,913
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 | €578,660 | €609,443 | +€30,783 | +5.3% |
| Fixed assets | 21/28 | €528,394 | €559,478 | +€31,085 | +5.9% |
| Tangible fixed assets | 22/27 | €528,324 | €559,408 | +€31,085 | +5.9% |
| Land and buildings | 22 | €524,964 | €507,296 | -€17,667 | -3.4% |
| Plant, machinery and equipment | 23 | €3,316 | €52,112 | +€48,796 | +1,472% |
| Furniture and vehicles | 24 | €44 | €0 | -€44 | -100% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €50,266 | €49,964 | -€302 | -0.6% |
| Amounts receivable within one year | 40/41 | €46,362 | €47,062 | +€700 | +1.5% |
| Trade receivables | 40 | €45,000 | €43,586 | -€1,414 | -3.1% |
| Other amounts receivable | 41 | €1,362 | €3,476 | +€2,113 | +155% |
| Cash at bank and in hand | 54/58 | €1,895 | €852 | -€1,044 | -55.1% |
| Deferred charges and accrued income | 490/1 | €2,009 | €2,051 | +€42 | +2.1% |
| Total equity and liabilities | 10/49 | €578,660 | €609,443 | +€30,783 | +5.3% |
| Equity | 10/15 | €140,114 | €135,492 | -€4,622 | -3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,560 | €49,560 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,700 | €47,700 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,354 | €79,732 | -€4,622 | -5.5% |
| Amounts payable | 17/49 | €438,546 | €473,951 | +€35,405 | +8.1% |
| Amounts payable after more than one year | 17 | €72,172 | €58,904 | -€13,267 | -18.4% |
| Financial debts | 170/4 | €72,172 | €58,904 | -€13,267 | -18.4% |
| Amounts payable within one year | 42/48 | €366,375 | €415,047 | +€48,672 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €13,049 | €13,267 | +€218 | +1.7% |
| Trade debts | 44 | €3,119 | €21,550 | +€18,431 | +591% |
| Suppliers | 440/4 | €3,119 | €21,550 | +€18,431 | +591% |
| Taxes, remuneration and social security | 45 | €235 | €240 | +€5 | +2.3% |
| Taxes | 450/3 | €235 | €240 | +€5 | +2.3% |
| Other amounts payable | 47/48 | €349,972 | €379,990 | +€30,017 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,475 | €24,995 | +€5,521 | +28.3% |
| Other operating charges | 640/8 | €5,986 | €5,816 | -€170 | -2.8% |
| Gross operating margin | 9900 | €37,818 | €53,468 | +€15,650 | +41.4% |
| Operating profit (loss) | 9901 | €12,357 | €22,657 | +€10,300 | +83.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €26,128 | €24,913 | -€1,215 | -4.6% |
| Recurring financial charges | 65 | €26,128 | €24,913 | -€1,215 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,771 | -€2,256 | +€11,515 | +83.6% |
| Income taxes | 67/77 | €138 | €2,366 | +€2,228 | +1,617% |
| Profit (loss) for the period | 9904 | -€13,908 | -€4,622 | +€9,286 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,908 | -€4,622 | +€9,286 | +66.8% |
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 23 October 2026 via checked.be.