A.G.M.D.: 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.M.D.
Largest movements
- Tangible fixed assets -€76,112
down €76,112 (-5.9%), from €1.3m to €1.2m
- Cash +€72,584
up €72,584 (+110%), from €65,749 to €138,333
mainly Depreciation (+€94,258) and Net result for the year (+€79,003)
- Receivables within one year -€15,911
down €15,911 (-8.5%), from €187,998 to €172,087
of which Other amounts receivable: -€15,726
- Profit (loss) carried forward +€79,003
up €79,003 (+25.3%), from €312,243 to €391,246
- Debts after one year -€47,924
down €47,924 (-10.7%), from €449,439 to €401,515
- Other debts -€35,762
down €35,762 (-20.8%), from €171,721 to €135,959
- Gross operating margin +€26,245
up €26,245 (+7.4%), from €352,667 to €378,912
- Turnover +€16,050
up €16,050 (+2.7%), from €600,633 to €616,683
- Purchases and services -€10,194
down €10,194 (-4.1%), from €247,965 to €237,771
- Staff costs -€9,579
down €9,579 (-7.3%), from €130,531 to €120,952
- Taxes +€8,872
up €8,872 (+58.2%), from €15,232 to €24,104
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.
Derived cash bridge
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 | €1,542,417 | €1,522,978 | -€19,439 | -1.3% |
| Fixed assets | 21/28 | €1,288,670 | €1,212,558 | -€76,112 | -5.9% |
| Tangible fixed assets | 22/27 | €1,288,505 | €1,212,393 | -€76,112 | -5.9% |
| Land and buildings | 22 | €720,136 | €687,233 | -€32,903 | -4.6% |
| Plant, machinery and equipment | 23 | €525,892 | €497,070 | -€28,822 | -5.5% |
| Furniture and vehicles | 24 | €42,477 | €28,090 | -€14,387 | -33.9% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €253,747 | €310,420 | +€56,673 | +22.3% |
| Amounts receivable within one year | 40/41 | €187,998 | €172,087 | -€15,911 | -8.5% |
| Trade receivables | 40 | €154,029 | €153,844 | -€185 | -0.1% |
| Other amounts receivable | 41 | €33,969 | €18,243 | -€15,726 | -46.3% |
| Cash at bank and in hand | 54/58 | €65,749 | €138,333 | +€72,584 | +110% |
| Total equity and liabilities | 10/49 | €1,542,417 | €1,522,978 | -€19,439 | -1.3% |
| Equity | 10/15 | €807,601 | €886,604 | +€79,003 | +9.8% |
| Contributions | 10/11 | €448,439 | €448,439 | = | 0.0% |
| Capital | 10 | €448,439 | €448,439 | = | 0.0% |
| Issued capital | 100 | €448,439 | €448,439 | = | 0.0% |
| Reserves | 13 | €46,919 | €46,919 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,752 | €21,752 | = | 0.0% |
| Legal reserve | 130 | €21,752 | €21,752 | = | 0.0% |
| Distributable reserves | 133 | €25,167 | €25,167 | = | 0.0% |
| Profit (loss) carried forward | 14 | €312,243 | €391,246 | +€79,003 | +25.3% |
| Amounts payable | 17/49 | €734,816 | €636,374 | -€98,442 | -13.4% |
| Amounts payable after more than one year | 17 | €449,439 | €401,515 | -€47,924 | -10.7% |
| Financial debts | 170/4 | €449,439 | €401,515 | -€47,924 | -10.7% |
| Amounts payable within one year | 42/48 | €285,377 | €234,859 | -€50,518 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €50,950 | €51,850 | +€900 | +1.8% |
| Trade debts | 44 | €38,141 | €36,176 | -€1,965 | -5.2% |
| Suppliers | 440/4 | €38,141 | €36,176 | -€1,965 | -5.2% |
| Taxes, remuneration and social security | 45 | €24,565 | €10,874 | -€13,691 | -55.7% |
| Taxes | 450/3 | €10,232 | €10,874 | +€642 | +6.3% |
| Remuneration and social security | 454/9 | €14,333 | - | -€14,333 | |
| Other amounts payable | 47/48 | €171,721 | €135,959 | -€35,762 | -20.8% |
| Turnover | 70 | €600,633 | €616,683 | +€16,050 | +2.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €247,965 | €237,771 | -€10,194 | -4.1% |
| Remuneration, social security and pensions | 62 | €130,531 | €120,952 | -€9,579 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,381 | €94,258 | -€2,123 | -2.2% |
| Other operating charges | 640/8 | €47,078 | €50,598 | +€3,520 | +7.5% |
| Gross operating margin | 9900 | €352,667 | €378,912 | +€26,245 | +7.4% |
| Operating profit (loss) | 9901 | €78,677 | €113,104 | +€34,427 | +43.8% |
| Financial income | 75/76B | €336 | €147 | -€189 | -56.3% |
| Recurring financial income | 75 | €336 | €147 | -€189 | -56.3% |
| Financial charges | 65/66B | €11,033 | €10,144 | -€889 | -8.1% |
| Recurring financial charges | 65 | €11,033 | €10,144 | -€889 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €67,980 | €103,107 | +€35,127 | +51.7% |
| Income taxes | 67/77 | €15,232 | €24,104 | +€8,872 | +58.2% |
| Profit (loss) for the period | 9904 | €52,748 | €79,003 | +€26,255 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,748 | €79,003 | +€26,255 | +49.8% |
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 29 October 2026 via checked.be.