A.G.S. CONSTRUCT: 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. CONSTRUCT
Largest movements
- Cash -€580,495
down €580,495 (-94.1%), from €617,106 to €36,611
mainly Stocks and contracts (-€300,879) and Trade debts (-€300,757)
- Stocks and contracts +€300,879
up €300,879 (+41.5%), from €725,843 to €1.0m
- Tangible fixed assets -€86,281
down €86,281 (-35.5%), from €243,035 to €156,754
- Trade debts -€300,757
down €300,757 (-31.8%), from €947,137 to €646,380
- Profit (loss) carried forward +€81,513
up €81,513 (+9.5%), from €856,252 to €937,765
- Tax, wage and social debts -€72,503
down €72,503 (-55.1%), from €131,678 to €59,175
of which Taxes: -€53,017
- Debts after one year -€63,453
down €63,453 (-49.2%), from €129,062 to €65,609
- Gross operating margin -€268,485
down €268,485 (-21.5%), from €1.2m to €978,240
- Staff costs -€186,977
down €186,977 (-20.7%), from €901,893 to €714,915
- Financial charges -€24,096
down €24,096 (-40.8%), from €59,116 to €35,019
- Taxes -€15,607
down €15,607 (-30.0%), from €52,017 to €36,410
- Write-downs -€13,177
no longer reported in 2025 (was €13,177)
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 | €2,644,227 | €2,290,167 | -€354,060 | -13.4% |
| Fixed assets | 21/28 | €317,864 | €229,356 | -€88,508 | -27.8% |
| Intangible fixed assets | 21 | €2,707 | €1,860 | -€847 | -31.3% |
| Tangible fixed assets | 22/27 | €243,035 | €156,754 | -€86,281 | -35.5% |
| Plant, machinery and equipment | 23 | €73,850 | €40,721 | -€33,129 | -44.9% |
| Furniture and vehicles | 24 | €96,466 | €66,314 | -€30,152 | -31.3% |
| Leasing and similar rights | 25 | €72,718 | €49,718 | -€23,000 | -31.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €72,123 | €70,743 | -€1,380 | -1.9% |
| Current assets | 29/58 | €2,326,363 | €2,060,811 | -€265,553 | -11.4% |
| Stocks and contracts in progress | 3 | €725,843 | €1,026,721 | +€300,879 | +41.5% |
| Stocks | 30/36 | €725,843 | €1,026,721 | +€300,879 | +41.5% |
| Amounts receivable within one year | 40/41 | €979,507 | €993,895 | +€14,388 | +1.5% |
| Trade receivables | 40 | €953,291 | €976,450 | +€23,159 | +2.4% |
| Other amounts receivable | 41 | €26,216 | €17,446 | -€8,770 | -33.5% |
| Cash at bank and in hand | 54/58 | €617,106 | €36,611 | -€580,495 | -94.1% |
| Deferred charges and accrued income | 490/1 | €3,908 | €3,583 | -€325 | -8.3% |
| Total equity and liabilities | 10/49 | €2,644,227 | €2,290,167 | -€354,060 | -13.4% |
| Equity | 10/15 | €943,152 | €1,024,665 | +€81,513 | +8.6% |
| Contributions | 10/11 | €79,000 | €79,000 | = | 0.0% |
| Reserves | 13 | €7,900 | €7,900 | = | 0.0% |
| Distributable reserves | 133 | €7,900 | €7,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €856,252 | €937,765 | +€81,513 | +9.5% |
| Amounts payable | 17/49 | €1,701,076 | €1,265,502 | -€435,573 | -25.6% |
| Amounts payable after more than one year | 17 | €129,062 | €65,609 | -€63,453 | -49.2% |
| Financial debts | 170/4 | €129,062 | €65,609 | -€63,453 | -49.2% |
| Amounts payable within one year | 42/48 | €1,571,641 | €1,199,581 | -€372,060 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €64,563 | €63,453 | -€1,110 | -1.7% |
| Financial debts | 43 | €375,000 | €375,000 | = | 0.0% |
| Credit institutions | 430/8 | €375,000 | €375,000 | = | 0.0% |
| Trade debts | 44 | €947,137 | €646,380 | -€300,757 | -31.8% |
| Suppliers | 440/4 | €947,137 | €646,380 | -€300,757 | -31.8% |
| Taxes, remuneration and social security | 45 | €131,678 | €59,175 | -€72,503 | -55.1% |
| Taxes | 450/3 | €79,692 | €26,675 | -€53,017 | -66.5% |
| Remuneration and social security | 454/9 | €51,986 | €32,500 | -€19,486 | -37.5% |
| Other amounts payable | 47/48 | €53,263 | €55,573 | +€2,309 | +4.3% |
| Accrued charges and deferred income | 492/3 | €373 | €313 | -€60 | -16.1% |
| Non-recurring operating income | 76A | €22,677 | €1,709 | -€20,968 | -92.5% |
| Remuneration, social security and pensions | 62 | €901,893 | €714,915 | -€186,977 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,288 | €87,128 | +€1,840 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,177 | - | -€13,177 | |
| Other operating charges | 640/8 | €8,101 | €18,382 | +€10,281 | +126.9% |
| Non-recurring operating charges | 66A | - | €7,500 | +€7,500 | |
| Gross operating margin | 9900 | €1,246,725 | €978,240 | -€268,485 | -21.5% |
| Operating profit (loss) | 9901 | €238,267 | €150,315 | -€87,952 | -36.9% |
| Financial income | 75/76B | €1,042 | €2,627 | +€1,584 | +152.0% |
| Recurring financial income | 75 | €1,042 | €2,627 | +€1,584 | +152.0% |
| Financial charges | 65/66B | €59,116 | €35,019 | -€24,096 | -40.8% |
| Recurring financial charges | 65 | €59,116 | €35,019 | -€24,096 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €180,194 | €117,923 | -€62,271 | -34.6% |
| Income taxes | 67/77 | €52,017 | €36,410 | -€15,607 | -30.0% |
| Profit (loss) for the period | 9904 | €128,177 | €81,513 | -€46,664 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €128,177 | €81,513 | -€46,664 | -36.4% |
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 11 October 2026 via checked.be.