A.G.S.: 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.S.
Largest movements
- Cash +€7,668
up €7,668 (+5.2%), from €147,642 to €155,309
mainly Net result for the year (+€34,100) and Other debts (+€14,521)
- Receivables within one year +€2,062
up €2,062 (+20.6%), from €10,019 to €12,082
- Other debts +€14,521
up €14,521 (+4518.9%), from €321 to €14,842
- Tax, wage and social debts -€6,226
down €6,226 (-43.9%), from €14,190 to €7,964
- Gross operating margin -€924
down €924 (-1.8%), from €51,756 to €50,832
- Taxes +€682
up €682 (+5.1%), from €13,371 to €14,053
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 | €166,621 | €174,824 | +€8,203 | +4.9% |
| Fixed assets | 21/28 | €8,960 | €7,433 | -€1,527 | -17.0% |
| Tangible fixed assets | 22/27 | €8,960 | €7,433 | -€1,527 | -17.0% |
| Furniture and vehicles | 24 | €70 | €19 | -€51 | -72.5% |
| Assets under construction and advance payments | 27 | €8,890 | €7,414 | -€1,476 | -16.6% |
| Current assets | 29/58 | €157,661 | €167,391 | +€9,730 | +6.2% |
| Amounts receivable within one year | 40/41 | €10,019 | €12,082 | +€2,062 | +20.6% |
| Trade receivables | 40 | €10,019 | €12,082 | +€2,062 | +20.6% |
| Cash at bank and in hand | 54/58 | €147,642 | €155,309 | +€7,668 | +5.2% |
| Total equity and liabilities | 10/49 | €166,621 | €174,824 | +€8,203 | +4.9% |
| Equity | 10/15 | €152,089 | €151,562 | -€527 | -0.3% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | €136,089 | €135,562 | -€527 | -0.4% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,400 | €2,400 | = | 0.0% |
| Distributable reserves | 133 | €133,689 | €133,162 | -€527 | -0.4% |
| Amounts payable | 17/49 | €14,532 | €23,262 | +€8,730 | +60.1% |
| Amounts payable within one year | 42/48 | €14,532 | €23,262 | +€8,730 | +60.1% |
| Trade debts | 44 | €21 | €456 | +€435 | +2076.8% |
| Suppliers | 440/4 | €21 | €456 | +€435 | +2076.8% |
| Taxes, remuneration and social security | 45 | €14,190 | €7,964 | -€6,226 | -43.9% |
| Taxes | 450/3 | €14,190 | €7,964 | -€6,226 | -43.9% |
| Other amounts payable | 47/48 | €321 | €14,842 | +€14,521 | +4518.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,527 | €1,527 | = | 0.0% |
| Other operating charges | 640/8 | €1,240 | €1,083 | -€157 | -12.7% |
| Gross operating margin | 9900 | €51,756 | €50,832 | -€924 | -1.8% |
| Operating profit (loss) | 9901 | €48,989 | €48,223 | -€766 | -1.6% |
| Financial charges | 65/66B | €79 | €70 | -€8 | -10.4% |
| Recurring financial charges | 65 | €79 | €70 | -€8 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €48,911 | €48,152 | -€758 | -1.6% |
| Income taxes | 67/77 | €13,371 | €14,053 | +€682 | +5.1% |
| Profit (loss) for the period | 9904 | €35,540 | €34,100 | -€1,440 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,540 | €34,100 | -€1,440 | -4.1% |
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 12 October 2026 via checked.be.