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.
What changed
A.G.S.
NACE 43.120, Site preparation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €542,817+€936,520
Equity
€7.9m
2024 · €6.7m+€1.1m
Cash
€17,210
2024 · €14,233+€2,977
Balance sheet total
€16.4m
2024 · €18.2m-€1.8m
Largest movements
Assets
- Receivables after one year -€4.4m
down €4.4m (-44.7%), from €9.8m to €5.4m
- Receivables within one year +€1.5m
up €1.5m (+173%), from €846,199 to €2.3m
of which Trade receivables: +€1.2m
- Tangible fixed assets +€1.1m
up €1.1m (+20.9%), from €5.5m to €6.6m
of which Assets under construction and advance payments: +€1.3m
Equity and liabilities
- Short-term financial debts -€4.6m
down €4.6m (-87.4%), from €5.3m to €666,750
- Other debts +€2.9m
up €2.9m (+902%), from €323,373 to €3.2m
- Reserves +€1.1m
up €1.1m (+20.6%), from €5.5m to €6.6m
of which Distributable reserves: +€1.1m
- Debts after one year -€873,560
down €873,560 (-20.4%), from €4.3m to €3.4m
- Advances received -€563,463
down €563,463 (-100%), from €563,463 to €0
Income statement
- Turnover +€1.2m
up €1.2m (+95.5%), from €1.2m to €2.4m
- Taxes +€213,052
up €213,052 (+108%), from €197,772 to €410,825
- Services and other goods +€108,681
up €108,681 (+44.5%), from €243,961 to €352,643
- Other operating income +€106,311
up €106,311 (+25,452%), from €418 to €106,728
- Financial income -€71,311
down €71,311 (-20.1%), from €354,229 to €282,918
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.
Result 2024
€542,817
Turnover
+€1.2m
Other operating income
+€106,311
Services and other goods
-€108,681
Depreciation
-€14,263
Other operating charges
-€4,000
Financial income
-€71,311
Financial charges
+€60,023
Taxes
-€213,052
Result 2025
€1.5m
raises the resultlowers the result
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.
From operations
+€7.1m
Investment
-€1.3m
Financing
-€5.7m
Cash 2024
€14,233
From operations (derived)
+€7.1m
Net result for the year
+€1.5m
Depreciation
+€183,413
Receivables after one year
+€4.4m
Receivables within one year
-€1.5m
Deferred charges and accrued income
+€7,528
Trade debts
-€24,408
Tax, wage and social debts
+€202,598
Advances received
-€563,463
Other debts
+€2.9m
Accrued charges and deferred income
-€37,649
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
-€5.7m
Debts after one year
-€873,560
Current portion of long-term debt
+€113,060
Short-term financial debts
-€4.6m
Contributions, distributions and other
-€350,000
Cash 2025
€17,210
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,182,887 | €16,418,134 | -€1.8m | -9.7% |
| Fixed assets | 21/28 | €7,363,261 | €8,501,702 | +€1.1m | +15.5% |
| Tangible fixed assets | 22/27 | €5,454,466 | €6,592,907 | +€1.1m | +20.9% |
| Land and buildings | 22 | €5,418,838 | €5,245,634 | -€173,204 | -3.2% |
| Furniture and vehicles | 24 | €35,628 | €28,595 | -€7,032 | -19.7% |
| Assets under construction and advance payments | 27 | - | €1,318,677 | +€1.3m | |
| Financial fixed assets | 28 | €1,908,795 | €1,908,795 | = | 0.0% |
| Affiliated companies | 280/1 | €1,908,795 | €1,908,795 | = | 0.0% |
| Participating interests | 280 | €1,908,795 | €1,908,795 | = | 0.0% |
| Current assets | 29/58 | €10,819,627 | €7,916,432 | -€2.9m | -26.8% |
| Amounts receivable after more than one year | 29 | €9,750,948 | €5,389,448 | -€4.4m | -44.7% |
| Other amounts receivable | 291 | €9,750,948 | €5,389,448 | -€4.4m | -44.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €846,199 | €2,309,055 | +€1.5m | +173% |
| Trade receivables | 40 | €74,359 | €1,296,039 | +€1.2m | +1,643% |
| Other amounts receivable | 41 | €771,840 | €1,013,016 | +€241,177 | +31.2% |
| Current investments | 50/53 | €189,847 | €189,847 | = | 0.0% |
| Other investments | 51/53 | €189,847 | €189,847 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,233 | €17,210 | +€2,977 | +20.9% |
| Deferred charges and accrued income | 490/1 | €18,400 | €10,872 | -€7,528 | -40.9% |
| Total equity and liabilities | 10/49 | €18,182,887 | €16,418,134 | -€1.8m | -9.7% |
| Equity | 10/15 | €6,728,670 | €7,858,007 | +€1.1m | +16.8% |
| Contributions | 10/11 | €1,256,500 | €1,256,500 | = | 0.0% |
| Reserves | 13 | €5,472,170 | €6,601,507 | +€1.1m | +20.6% |
| Non-distributable reserves | 130/1 | €126,950 | €126,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €126,950 | €126,950 | = | 0.0% |
| Distributable reserves | 133 | €5,345,220 | €6,474,557 | +€1.1m | +21.1% |
| Amounts payable | 17/49 | €11,454,217 | €8,560,127 | -€2.9m | -25.3% |
| Amounts payable after more than one year | 17 | €4,273,627 | €3,400,066 | -€873,560 | -20.4% |
| Financial debts | 170/4 | €4,273,627 | €3,400,066 | -€873,560 | -20.4% |
| Subordinated loans | 170 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 173 | €4,023,627 | €3,150,066 | -€873,560 | -21.7% |
| Amounts payable within one year | 42/48 | €7,120,631 | €5,137,750 | -€2.0m | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €858,750 | €971,810 | +€113,060 | +13.2% |
| Financial debts | 43 | €5,293,750 | €666,750 | -€4.6m | -87.4% |
| Credit institutions | 430/8 | €5,293,750 | €666,750 | -€4.6m | -87.4% |
| Trade debts | 44 | €54,111 | €29,703 | -€24,408 | -45.1% |
| Suppliers | 440/4 | €54,111 | €29,703 | -€24,408 | -45.1% |
| Advances received on contracts in progress | 46 | €563,463 | €0 | -€563,463 | -100% |
| Taxes, remuneration and social security | 45 | €27,183 | €229,782 | +€202,598 | +745% |
| Taxes | 450/3 | €27,183 | €229,782 | +€202,598 | +745% |
| Other amounts payable | 47/48 | €323,373 | €3,239,705 | +€2.9m | +902% |
| Accrued charges and deferred income | 492/3 | €59,960 | €22,310 | -€37,649 | -62.8% |
| Operating income | 70/76A | €1,237,830 | €2,525,635 | +€1.3m | +104% |
| Turnover | 70 | €1,237,413 | €2,418,907 | +€1.2m | +95.5% |
| Other operating income | 74 | €418 | €106,728 | +€106,311 | +25,452% |
| Operating charges | 60/66A | €426,488 | €553,433 | +€126,945 | +29.8% |
| Goods for resale, raw materials and consumables | 60 | €0 | - | = | |
| Purchases | 600/8 | €0 | - | = | |
| Services and other goods | 61 | €243,961 | €352,643 | +€108,681 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,149 | €183,413 | +€14,263 | +8.4% |
| Other operating charges | 640/8 | €13,378 | €17,378 | +€4,000 | +29.9% |
| Operating profit (loss) | 9901 | €811,342 | €1,972,202 | +€1.2m | +143% |
| Financial income | 75/76B | €354,229 | €282,918 | -€71,311 | -20.1% |
| Recurring financial income | 75 | €354,229 | €282,918 | -€71,311 | -20.1% |
| Income from current assets | 751 | €354,229 | €282,910 | -€71,318 | -20.1% |
| Other financial income | 752/9 | - | €8 | +€8 | |
| Financial charges | 65/66B | €424,981 | €364,958 | -€60,023 | -14.1% |
| Recurring financial charges | 65 | €424,981 | €364,958 | -€60,023 | -14.1% |
| Debt charges | 650 | €421,534 | €358,156 | -€63,378 | -15.0% |
| Other financial charges | 652/9 | €3,447 | €6,802 | +€3,355 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | €740,590 | €1,890,162 | +€1.1m | +155% |
| Income taxes | 67/77 | €197,772 | €410,825 | +€213,052 | +108% |
| Taxes | 670/3 | €197,772 | €410,825 | +€213,052 | +108% |
| Profit (loss) for the period | 9904 | €542,817 | €1,479,337 | +€936,520 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €542,817 | €1,479,337 | +€936,520 | +173% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.