AG-BOUWPROJECTEN: 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.
AG-BOUWPROJECTEN
Largest movements
- Cash -€797,064
down €797,064 (-99.3%), from €802,469 to €5,405
mainly Stocks and contracts (-€652,413) and Other debts (-€149,921)
- Stocks and contracts +€652,413
up €652,413 (+200%), from €326,858 to €979,270
- Receivables within one year -€239,105
down €239,105 (-85.4%), from €280,146 to €41,041
of which Trade receivables: -€256,846
- Other debts -€149,921
down €149,921 (-94.1%), from €159,256 to €9,334
- Advances received -€137,500
down €137,500 (-100%), from €137,500 to €0
- Trade debts -€87,243
down €87,243 (-49.9%), from €174,818 to €87,576
- Tax, wage and social debts -€31,449
down €31,449 (-88.8%), from €35,416 to €3,967
- Financial charges -€17,694
down €17,694 (-98.3%), from €18,010 to €315
- Financial income +€8,719
up €8,719 (+96.7%), from €9,013 to €17,732
- Taxes +€7,153
up €7,153 (+1,327%), from €539 to €7,693
- Gross operating margin -€6,991
down €6,991 (-36.4%), from €19,196 to €12,204
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 | €1,426,145 | €1,034,202 | -€391,944 | -27.5% |
| Fixed assets | 21/28 | €12,910 | €6,577 | -€6,333 | -49.1% |
| Tangible fixed assets | 22/27 | €12,910 | €6,577 | -€6,333 | -49.1% |
| Furniture and vehicles | 24 | €12,910 | €6,577 | -€6,333 | -49.1% |
| Current assets | 29/58 | €1,413,235 | €1,027,625 | -€385,610 | -27.3% |
| Stocks and contracts in progress | 3 | €326,858 | €979,270 | +€652,413 | +200% |
| Stocks | 30/36 | €326,858 | €979,270 | +€652,413 | +200% |
| Amounts receivable within one year | 40/41 | €280,146 | €41,041 | -€239,105 | -85.4% |
| Trade receivables | 40 | €258,199 | €1,353 | -€256,846 | -99.5% |
| Other amounts receivable | 41 | €21,948 | €39,688 | +€17,741 | +80.8% |
| Cash at bank and in hand | 54/58 | €802,469 | €5,405 | -€797,064 | -99.3% |
| Deferred charges and accrued income | 490/1 | €3,762 | €1,908 | -€1,854 | -49.3% |
| Total equity and liabilities | 10/49 | €1,426,145 | €1,034,202 | -€391,944 | -27.5% |
| Equity | 10/15 | €919,156 | €933,269 | +€14,113 | +1.5% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €839,156 | €853,269 | +€14,113 | +1.7% |
| Non-distributable reserves | 130/1 | €8,000 | €0 | -€8,000 | -100% |
| Reserves not available under the articles | 1311 | €8,000 | €0 | -€8,000 | -100% |
| Distributable reserves | 133 | €831,156 | €853,269 | +€22,113 | +2.7% |
| Amounts payable | 17/49 | €506,990 | €100,933 | -€406,057 | -80.1% |
| Amounts payable within one year | 42/48 | €506,990 | €100,933 | -€406,057 | -80.1% |
| Financial debts | 43 | €0 | €57 | +€57 | |
| Credit institutions | 430/8 | €0 | €57 | +€57 | |
| Trade debts | 44 | €174,818 | €87,576 | -€87,243 | -49.9% |
| Suppliers | 440/4 | €174,818 | €87,576 | -€87,243 | -49.9% |
| Advances received on contracts in progress | 46 | €137,500 | €0 | -€137,500 | -100% |
| Taxes, remuneration and social security | 45 | €35,416 | €3,967 | -€31,449 | -88.8% |
| Taxes | 450/3 | €35,416 | €3,967 | -€31,449 | -88.8% |
| Other amounts payable | 47/48 | €159,256 | €9,334 | -€149,921 | -94.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,333 | €6,333 | = | 0.0% |
| Other operating charges | 640/8 | €1,451 | €1,482 | +€32 | +2.2% |
| Gross operating margin | 9900 | €19,196 | €12,204 | -€6,991 | -36.4% |
| Operating profit (loss) | 9901 | €11,412 | €4,388 | -€7,023 | -61.5% |
| Financial income | 75/76B | €9,013 | €17,732 | +€8,719 | +96.7% |
| Recurring financial income | 75 | €9,013 | €17,732 | +€8,719 | +96.7% |
| Financial charges | 65/66B | €18,010 | €315 | -€17,694 | -98.3% |
| Recurring financial charges | 65 | €18,010 | €315 | -€17,694 | -98.3% |
| Profit (loss) for the period before taxes | 9903 | €2,415 | €21,806 | +€19,391 | +803% |
| Income taxes | 67/77 | €539 | €7,693 | +€7,153 | +1,327% |
| Profit (loss) for the period | 9904 | €1,876 | €14,113 | +€12,237 | +652% |
| Profit (loss) for the period to be appropriated | 9905 | €1,876 | €14,113 | +€12,237 | +652% |
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 31 October 2026 via checked.be.