A.G.M. ENGINEERING: 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. ENGINEERING
Largest movements
- Receivables within one year -€39,701
down €39,701 (-71.7%), from €55,377 to €15,676
of which Trade receivables: -€31,205
- Tangible fixed assets -€33,013
down €33,013 (-28.4%), from €116,093 to €83,080
of which Furniture and vehicles: -€31,581
- Cash +€21,525
up €21,525 (+165%), from €13,074 to €34,600
mainly Receivables within one year (+€39,701) and Depreciation (+€33,290)
- Debts after one year -€17,527
down €17,527 (-25.9%), from €67,637 to €50,109
- Other debts -€17,229
down €17,229 (-74.4%), from €23,168 to €5,939
- Tax, wage and social debts -€10,480
down €10,480 (-26.8%), from €39,060 to €28,579
- Profit (loss) carried forward -€8,706
new in 2025: -€8,706
- Gross operating margin -€37,353
down €37,353 (-55.2%), from €67,675 to €30,323
- Taxes -€11,800
down €11,800 (-90.5%), from €13,035 to €1,235
- Depreciation +€7,436
up €7,436 (+28.8%), from €25,854 to €33,290
- Financial charges +€1,244
up €1,244 (+55.9%), from €2,225 to €3,469
- Other operating charges +€730
up €730 (+332%), from €220 to €950
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 | €190,771 | €139,912 | -€50,860 | -26.7% |
| Fixed assets | 21/28 | €116,143 | €83,130 | -€33,013 | -28.4% |
| Tangible fixed assets | 22/27 | €116,093 | €83,080 | -€33,013 | -28.4% |
| Plant, machinery and equipment | 23 | €1,114 | €691 | -€423 | -37.9% |
| Furniture and vehicles | 24 | €109,365 | €77,784 | -€31,581 | -28.9% |
| Other tangible fixed assets | 26 | €5,614 | €4,604 | -€1,010 | -18.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €74,629 | €56,782 | -€17,847 | -23.9% |
| Amounts receivable within one year | 40/41 | €55,377 | €15,676 | -€39,701 | -71.7% |
| Trade receivables | 40 | €46,882 | €15,676 | -€31,205 | -66.6% |
| Other amounts receivable | 41 | €8,495 | €0 | -€8,495 | -100% |
| Cash at bank and in hand | 54/58 | €13,074 | €34,600 | +€21,525 | +165% |
| Deferred charges and accrued income | 490/1 | €6,177 | €6,506 | +€328 | +5.3% |
| Total equity and liabilities | 10/49 | €190,771 | €139,912 | -€50,860 | -26.7% |
| Equity | 10/15 | €38,637 | €29,931 | -€8,706 | -22.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €26,137 | €26,137 | = | 0.0% |
| Distributable reserves | 133 | €26,137 | €26,137 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,706 | -€8,706 | |
| Amounts payable | 17/49 | €152,134 | €109,981 | -€42,153 | -27.7% |
| Amounts payable after more than one year | 17 | €67,637 | €50,109 | -€17,527 | -25.9% |
| Financial debts | 170/4 | €67,637 | €50,109 | -€17,527 | -25.9% |
| Amounts payable within one year | 42/48 | €84,480 | €58,450 | -€26,030 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €16,878 | €17,550 | +€673 | +4.0% |
| Trade debts | 44 | €5,374 | €6,382 | +€1,007 | +18.7% |
| Suppliers | 440/4 | €5,374 | €6,382 | +€1,007 | +18.7% |
| Taxes, remuneration and social security | 45 | €39,060 | €28,579 | -€10,480 | -26.8% |
| Taxes | 450/3 | €39,060 | €28,579 | -€10,480 | -26.8% |
| Other amounts payable | 47/48 | €23,168 | €5,939 | -€17,229 | -74.4% |
| Accrued charges and deferred income | 492/3 | €18 | €1,422 | +€1,404 | +7,797% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,854 | €33,290 | +€7,436 | +28.8% |
| Other operating charges | 640/8 | €220 | €950 | +€730 | +332% |
| Non-recurring operating charges | 66A | €220 | €122 | -€98 | -44.6% |
| Gross operating margin | 9900 | €67,675 | €30,323 | -€37,353 | -55.2% |
| Operating profit (loss) | 9901 | €41,381 | -€4,039 | -€45,420 | |
| Financial income | 75/76B | €16 | €37 | +€21 | +132% |
| Recurring financial income | 75 | €16 | €37 | +€21 | +132% |
| Financial charges | 65/66B | €2,225 | €3,469 | +€1,244 | +55.9% |
| Recurring financial charges | 65 | €2,225 | €3,469 | +€1,244 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | €39,172 | -€7,471 | -€46,643 | |
| Income taxes | 67/77 | €13,035 | €1,235 | -€11,800 | -90.5% |
| Profit (loss) for the period | 9904 | €26,137 | -€8,706 | -€34,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,137 | -€8,706 | -€34,843 |
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 19 October 2026 via checked.be.