A.G.P. CONSTRUCT: what changed
Two fiscal 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.P. CONSTRUCT
Largest movements
- Receivables within one year -€146,184
down €146,184 (-37.2%), from €393,436 to €247,252
of which Trade receivables: -€251,418
- Tangible fixed assets +€11,948
new in 2025: €11,948
- Cash -€11,043
down €11,043 (-23.6%), from €46,800 to €35,757
mainly Net result for the year (-€169,425) and Tax, wage and social debts (-€20,453)
- Profit (loss) carried forward -€169,425
down €169,425 (-90.6%), from €187,033 to €17,608
- Advances received +€45,973
up €45,973 (+30.5%), from €150,832 to €196,805
- Tax, wage and social debts -€20,453
down €20,453 (-56.5%), from €36,230 to €15,777
of which Taxes: -€19,993
- Gross operating margin -€198,289
down €198,289, from €113,170 to -€85,119
- Staff costs +€63,309
up €63,309 (+566.5%), from €11,175 to €74,484
- Taxes -€24,383
down €24,383 (-98.8%), from €24,672 to €288
- Depreciation +€5,222
up €5,222 (+1934.2%), from €270 to €5,493
- Provisions +€1,622
new in 2025: €1,622
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.
Cash bridge derived
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 | €444,973 | €300,824 | -€144,149 | -32.4% |
| Fixed assets | 21/28 | €466 | €12,414 | +€11,948 | +2561.3% |
| Tangible fixed assets | 22/27 | - | €11,948 | +€11,948 | |
| Furniture and vehicles | 24 | - | €11,948 | +€11,948 | |
| Financial fixed assets | 28 | €466 | €466 | = | 0.0% |
| Current assets | 29/58 | €444,507 | €288,410 | -€156,096 | -35.1% |
| Amounts receivable within one year | 40/41 | €393,436 | €247,252 | -€146,184 | -37.2% |
| Trade receivables | 40 | €372,903 | €121,485 | -€251,418 | -67.4% |
| Other amounts receivable | 41 | €20,533 | €125,767 | +€105,234 | +512.5% |
| Cash at bank and in hand | 54/58 | €46,800 | €35,757 | -€11,043 | -23.6% |
| Deferred charges and accrued income | 490/1 | €4,271 | €5,402 | +€1,131 | +26.5% |
| Total equity and liabilities | 10/49 | €444,973 | €300,824 | -€144,149 | -32.4% |
| Equity | 10/15 | €227,493 | €58,068 | -€169,425 | -74.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 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 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,033 | €17,608 | -€169,425 | -90.6% |
| Amounts payable | 17/49 | €217,480 | €242,756 | +€25,276 | +11.6% |
| Amounts payable within one year | 42/48 | €217,480 | €242,756 | +€25,276 | +11.6% |
| Trade debts | 44 | €30,418 | €30,175 | -€243 | -0.8% |
| Suppliers | 440/4 | €30,418 | €30,175 | -€243 | -0.8% |
| Advances received on contracts in progress | 46 | €150,832 | €196,805 | +€45,973 | +30.5% |
| Taxes, remuneration and social security | 45 | €36,230 | €15,777 | -€20,453 | -56.5% |
| Taxes | 450/3 | €24,926 | €4,933 | -€19,993 | -80.2% |
| Remuneration and social security | 454/9 | €11,304 | €10,844 | -€460 | -4.1% |
| Remuneration, social security and pensions | 62 | €11,175 | €74,484 | +€63,309 | +566.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270 | €5,493 | +€5,222 | +1934.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,622 | +€1,622 | |
| Other operating charges | 640/8 | €2,095 | €1,242 | -€853 | -40.7% |
| Gross operating margin | 9900 | €113,170 | -€85,119 | -€198,289 | |
| Operating profit (loss) | 9901 | €99,630 | -€167,960 | -€267,589 | |
| Financial income | 75/76B | €1 | €1 | +€0 | +2.0% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +2.0% |
| Financial charges | 65/66B | €555 | €1,178 | +€623 | +112.3% |
| Recurring financial charges | 65 | €555 | €1,178 | +€623 | +112.3% |
| Profit (loss) for the period before taxes | 9903 | €99,076 | -€169,137 | -€268,213 | |
| Income taxes | 67/77 | €24,672 | €288 | -€24,383 | -98.8% |
| Profit (loss) for the period | 9904 | €74,404 | -€169,425 | -€243,829 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,404 | -€169,425 | -€243,829 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.