A.G.R.: 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.R.
Largest movements
- Receivables within one year -€115,319
down €115,319 (-81.6%), from €141,359 to €26,040
of which Trade receivables: -€106,953
- Cash -€19,311
down €19,311 (-35.1%), from €54,978 to €35,667
mainly Trade debts (-€46,134) and Net result for the year (-€39,797)
- Tangible fixed assets +€3,045
up €3,045 (+243%), from €1,256 to €4,301
of which Furniture and vehicles: +€3,240
- Trade debts -€46,134
down €46,134 (-73.9%), from €62,414 to €16,281
- Profit (loss) carried forward -€39,797
down €39,797 (-1,518%), from -€2,622 to -€42,420
- Accrued charges and deferred income -€31,981
down €31,981 (-100%), from €31,981 to €0
- Tax, wage and social debts -€20,960
down €20,960 (-69.7%), from €30,090 to €9,130
- Other debts +€5,464
up €5,464 (+13.6%), from €40,184 to €45,648
- Gross operating margin -€29,167
down €29,167, from €2,052 to -€27,115
- Taxes +€7,788
up €7,788, from €0 to €7,788
- Financial charges -€877
down €877 (-42.0%), from €2,090 to €1,213
- Depreciation +€832
up €832 (+234%), from €355 to €1,187
- Other operating charges +€391
up €391 (+20.1%), from €1,945 to €2,335
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 | €197,907 | €67,423 | -€130,484 | -65.9% |
| Fixed assets | 21/28 | €1,387 | €4,432 | +€3,045 | +220% |
| Tangible fixed assets | 22/27 | €1,256 | €4,301 | +€3,045 | +243% |
| Plant, machinery and equipment | 23 | €659 | €464 | -€195 | -29.6% |
| Furniture and vehicles | 24 | €597 | €3,837 | +€3,240 | +543% |
| Financial fixed assets | 28 | €131 | €131 | = | 0.0% |
| Current assets | 29/58 | €196,520 | €62,990 | -€133,529 | -67.9% |
| Amounts receivable within one year | 40/41 | €141,359 | €26,040 | -€115,319 | -81.6% |
| Trade receivables | 40 | €132,957 | €26,004 | -€106,953 | -80.4% |
| Other amounts receivable | 41 | €8,402 | €36 | -€8,366 | -99.6% |
| Cash at bank and in hand | 54/58 | €54,978 | €35,667 | -€19,311 | -35.1% |
| Deferred charges and accrued income | 490/1 | €182 | €1,284 | +€1,101 | +604% |
| Total equity and liabilities | 10/49 | €197,907 | €67,423 | -€130,484 | -65.9% |
| Equity | 10/15 | €33,238 | -€6,560 | -€39,797 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,260 | €17,260 | = | 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% |
| Tax-exempt reserves | 132 | €4,400 | €4,400 | = | 0.0% |
| Distributable reserves | 133 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,622 | -€42,420 | -€39,797 | -1,518% |
| Amounts payable | 17/49 | €164,669 | €73,982 | -€90,687 | -55.1% |
| Amounts payable after more than one year | 17 | - | €230 | +€230 | |
| Financial debts | 170/4 | - | €230 | +€230 | |
| Amounts payable within one year | 42/48 | €132,688 | €73,752 | -€58,936 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,695 | +€2,695 | |
| Trade debts | 44 | €62,414 | €16,281 | -€46,134 | -73.9% |
| Suppliers | 440/4 | €62,414 | €16,281 | -€46,134 | -73.9% |
| Taxes, remuneration and social security | 45 | €30,090 | €9,130 | -€20,960 | -69.7% |
| Taxes | 450/3 | €30,090 | €9,130 | -€20,960 | -69.7% |
| Other amounts payable | 47/48 | €40,184 | €45,648 | +€5,464 | +13.6% |
| Accrued charges and deferred income | 492/3 | €31,981 | €0 | -€31,981 | -100% |
| Remuneration, social security and pensions | 62 | €550 | €160 | -€390 | -70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355 | €1,187 | +€832 | +234% |
| Other operating charges | 640/8 | €1,945 | €2,335 | +€391 | +20.1% |
| Gross operating margin | 9900 | €2,052 | -€27,115 | -€29,167 | |
| Operating profit (loss) | 9901 | -€798 | -€30,797 | -€29,999 | -3,759% |
| Financial income | 75/76B | €33 | €1 | -€32 | -97.8% |
| Recurring financial income | 75 | €33 | €1 | -€32 | -97.8% |
| Financial charges | 65/66B | €2,090 | €1,213 | -€877 | -42.0% |
| Recurring financial charges | 65 | €2,090 | €1,213 | -€877 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,856 | -€32,010 | -€29,154 | -1,021% |
| Income taxes | 67/77 | €0 | €7,788 | +€7,788 | |
| Profit (loss) for the period | 9904 | -€2,856 | -€39,797 | -€36,942 | -1,294% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,856 | -€39,797 | -€36,942 | -1,294% |
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.