A & G MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€65,307
down €65,307 (-55.9%), from €116,745 to €51,438
of which Trade receivables: -€63,910
- Tangible fixed assets +€7,398
up €7,398 (+31.3%), from €23,640 to €31,038
of which Assets under construction and advance payments: +€9,050
- Other debts -€380,067
down €380,067 (-93.4%), from €406,893 to €26,826
- Debts after one year +€345,000
up €345,000, from €0 to €345,000
of which Other amounts payable: +€345,000
- Profit (loss) carried forward +€35,536
up €35,536 (+21.0%), from €169,350 to €204,886
- Trade debts -€29,914
down €29,914 (-85.9%), from €34,827 to €4,913
- Current portion of long-term debt -€18,994
down €18,994 (-100%), from €18,994 to €0
- Gross operating margin +€15,544
up €15,544 (+37.0%), from €42,028 to €57,572
- Taxes +€1,371
up €1,371 (+15.7%), from €8,705 to €10,075
- Other operating charges +€1,176
up €1,176 (+88.7%), from €1,326 to €2,503
- Financial charges +€1,101
up €1,101 (+50.0%), from €2,203 to €3,304
- Staff costs -€925
down €925 (-69.8%), from €1,325 to €400
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 | €689,384 | €631,329 | -€58,055 | -8.4% |
| Fixed assets | 21/28 | €528,077 | €535,475 | +€7,398 | +1.4% |
| Tangible fixed assets | 22/27 | €23,640 | €31,038 | +€7,398 | +31.3% |
| Land and buildings | 22 | €15,170 | €14,050 | -€1,120 | -7.4% |
| Plant, machinery and equipment | 23 | €4,811 | €4,065 | -€746 | -15.5% |
| Furniture and vehicles | 24 | €3,255 | €3,663 | +€407 | +12.5% |
| Leasing and similar rights | 25 | €403 | €210 | -€194 | -48.0% |
| Assets under construction and advance payments | 27 | - | €9,050 | +€9,050 | |
| Financial fixed assets | 28 | €504,437 | €504,437 | = | 0.0% |
| Current assets | 29/58 | €161,307 | €95,854 | -€65,453 | -40.6% |
| Amounts receivable after more than one year | 29 | €41,000 | €41,000 | = | 0.0% |
| Other amounts receivable | 291 | €41,000 | €41,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €116,745 | €51,438 | -€65,307 | -55.9% |
| Trade receivables | 40 | €84,640 | €20,730 | -€63,910 | -75.5% |
| Other amounts receivable | 41 | €32,105 | €30,708 | -€1,397 | -4.4% |
| Cash at bank and in hand | 54/58 | €3,036 | €938 | -€2,098 | -69.1% |
| Deferred charges and accrued income | 490/1 | €526 | €2,479 | +€1,953 | +371% |
| Total equity and liabilities | 10/49 | €689,384 | €631,329 | -€58,055 | -8.4% |
| Equity | 10/15 | €199,225 | €234,762 | +€35,536 | +17.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,676 | €23,676 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,816 | €21,816 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,350 | €204,886 | +€35,536 | +21.0% |
| Amounts payable | 17/49 | €490,159 | €396,567 | -€93,591 | -19.1% |
| Amounts payable after more than one year | 17 | €0 | €345,000 | +€345,000 | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | - | €345,000 | +€345,000 | |
| Amounts payable within one year | 42/48 | €490,159 | €51,567 | -€438,591 | -89.5% |
| Current portion of amounts payable after more than one year | 42 | €18,994 | €0 | -€18,994 | -100% |
| Financial debts | 43 | €4,200 | €6,250 | +€2,050 | +48.8% |
| Other loans | 439 | €4,200 | €6,250 | +€2,050 | +48.8% |
| Trade debts | 44 | €34,827 | €4,913 | -€29,914 | -85.9% |
| Suppliers | 440/4 | €34,827 | €4,913 | -€29,914 | -85.9% |
| Advances received on contracts in progress | 46 | €13,350 | €0 | -€13,350 | -100% |
| Taxes, remuneration and social security | 45 | €11,895 | €13,578 | +€1,684 | +14.2% |
| Taxes | 450/3 | €11,895 | €13,578 | +€1,684 | +14.2% |
| Other amounts payable | 47/48 | €406,893 | €26,826 | -€380,067 | -93.4% |
| Remuneration, social security and pensions | 62 | €1,325 | €400 | -€925 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,655 | €5,755 | -€900 | -13.5% |
| Other operating charges | 640/8 | €1,326 | €2,503 | +€1,176 | +88.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €42,028 | €57,572 | +€15,544 | +37.0% |
| Operating profit (loss) | 9901 | €32,723 | €48,915 | +€16,192 | +49.5% |
| Financial charges | 65/66B | €2,203 | €3,304 | +€1,101 | +50.0% |
| Recurring financial charges | 65 | €2,203 | €3,304 | +€1,101 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €30,520 | €45,612 | +€15,091 | +49.4% |
| Income taxes | 67/77 | €8,705 | €10,075 | +€1,371 | +15.7% |
| Profit (loss) for the period | 9904 | €21,816 | €35,536 | +€13,721 | +62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,816 | €35,536 | +€13,721 | +62.9% |
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 17 October 2026 via checked.be.