A.G. TEAM: 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. TEAM
Largest movements
- Receivables within one year -€23,253
down €23,253 (-11.5%), from €202,130 to €178,877
of which Trade receivables: -€23,084
- Profit (loss) carried forward -€6,922
down €6,922 (-12.6%), from -€54,742 to -€61,664
- Other debts -€6,765
down €6,765 (-98.0%), from €6,900 to €135
- Current portion of long-term debt -€5,858
down €5,858 (-57.0%), from €10,278 to €4,420
- Trade debts -€3,337
down €3,337 (-2.3%), from €146,282 to €142,945
- Gross operating margin -€37,069
down €37,069, from €36,341 to -€728
- Staff costs -€10,704
no longer reported in 2025 (was €10,704)
- Depreciation -€9,863
down €9,863 (-77.5%), from €12,732 to €2,869
- Other operating charges +€687
new in 2025: €687
- Financial charges +€662
up €662 (+33.5%), from €1,976 to €2,638
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 | €208,852 | €183,475 | -€25,377 | -12.2% |
| Fixed assets | 21/28 | €2,790 | €1,966 | -€824 | -29.5% |
| Tangible fixed assets | 22/27 | €2,790 | €1,799 | -€991 | -35.5% |
| Furniture and vehicles | 24 | €2,790 | €1,799 | -€991 | -35.5% |
| Financial fixed assets | 28 | - | €167 | +€167 | |
| Current assets | 29/58 | €206,062 | €181,508 | -€24,554 | -11.9% |
| Amounts receivable after more than one year | 29 | €1,970 | €1,970 | = | 0.0% |
| Other amounts receivable | 291 | €1,970 | €1,970 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €202,130 | €178,877 | -€23,253 | -11.5% |
| Trade receivables | 40 | €192,903 | €169,819 | -€23,084 | -12.0% |
| Other amounts receivable | 41 | €9,227 | €9,059 | -€168 | -1.8% |
| Cash at bank and in hand | 54/58 | €262 | €262 | -€0 | -0.1% |
| Deferred charges and accrued income | 490/1 | €1,700 | €399 | -€1,301 | -76.5% |
| Total equity and liabilities | 10/49 | €208,852 | €183,475 | -€25,377 | -12.2% |
| Equity | 10/15 | €1,327 | -€5,595 | -€6,922 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,469 | €37,469 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,609 | €35,609 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€54,742 | -€61,664 | -€6,922 | -12.6% |
| Amounts payable | 17/49 | €207,525 | €189,070 | -€18,455 | -8.9% |
| Amounts payable within one year | 42/48 | €207,525 | €189,070 | -€18,455 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €10,278 | €4,420 | -€5,858 | -57.0% |
| Financial debts | 43 | €12,617 | €10,959 | -€1,658 | -13.1% |
| Credit institutions | 430/8 | €12,617 | €10,959 | -€1,658 | -13.1% |
| Trade debts | 44 | €146,282 | €142,945 | -€3,337 | -2.3% |
| Suppliers | 440/4 | €146,282 | €142,945 | -€3,337 | -2.3% |
| Taxes, remuneration and social security | 45 | €31,448 | €30,612 | -€836 | -2.7% |
| Taxes | 450/3 | €9,577 | €9,841 | +€264 | +2.8% |
| Remuneration and social security | 454/9 | €21,871 | €20,771 | -€1,100 | -5.0% |
| Other amounts payable | 47/48 | €6,900 | €135 | -€6,765 | -98.0% |
| Remuneration, social security and pensions | 62 | €10,704 | - | -€10,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,732 | €2,869 | -€9,863 | -77.5% |
| Other operating charges | 640/8 | - | €687 | +€687 | |
| Gross operating margin | 9900 | €36,341 | -€728 | -€37,069 | |
| Operating profit (loss) | 9901 | €12,905 | -€4,284 | -€17,189 | |
| Financial charges | 65/66B | €1,976 | €2,638 | +€662 | +33.5% |
| Recurring financial charges | 65 | €1,976 | €2,638 | +€662 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €10,929 | -€6,922 | -€17,851 | |
| Profit (loss) for the period | 9904 | €10,929 | -€6,922 | -€17,851 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,929 | -€6,922 | -€17,851 |
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 24 October 2026 via checked.be.