AG&BP MANAGEMENT: 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&BP MANAGEMENT
Largest movements
- Receivables within one year -€13,884
down €13,884 (-58.7%), from €23,667 to €9,783
of which Trade receivables: -€15,351
- Tangible fixed assets -€9,613
down €9,613 (-26.9%), from €35,800 to €26,188
of which Leasing and similar rights: -€6,998
- Cash -€5,957
down €5,957 (-19.0%), from €31,424 to €25,467
mainly Contributions, distributions and other (-€30,500) and Trade debts (-€13,501)
- Deferred charges and accrued income +€2,489
up €2,489 (+228%), from €1,091 to €3,580
- Profit (loss) carried forward -€20,523
down €20,523 (-99.9%), from €20,534 to €11
- Trade debts -€13,501
down €13,501 (-85.9%), from €15,715 to €2,214
- Reserves +€7,790
new in 2025: €7,790
- Other debts +€6,942
up €6,942 (+41.6%), from €16,702 to €23,645
- Debts after one year -€6,007
down €6,007 (-32.2%), from €18,644 to €12,637
- Gross operating margin +€8,775
up €8,775 (+27.9%), from €31,400 to €40,175
- Taxes +€3,941
up €3,941 (+86.9%), from €4,536 to €8,477
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 | €91,982 | €65,018 | -€26,965 | -29.3% |
| Fixed assets | 21/28 | €35,800 | €26,188 | -€9,613 | -26.9% |
| Tangible fixed assets | 22/27 | €35,800 | €26,188 | -€9,613 | -26.9% |
| Furniture and vehicles | 24 | €7,676 | €5,061 | -€2,615 | -34.1% |
| Leasing and similar rights | 25 | €28,125 | €21,127 | -€6,998 | -24.9% |
| Current assets | 29/58 | €56,182 | €38,830 | -€17,352 | -30.9% |
| Amounts receivable within one year | 40/41 | €23,667 | €9,783 | -€13,884 | -58.7% |
| Trade receivables | 40 | €22,611 | €7,260 | -€15,351 | -67.9% |
| Other amounts receivable | 41 | €1,056 | €2,523 | +€1,467 | +139% |
| Cash at bank and in hand | 54/58 | €31,424 | €25,467 | -€5,957 | -19.0% |
| Deferred charges and accrued income | 490/1 | €1,091 | €3,580 | +€2,489 | +228% |
| Total equity and liabilities | 10/49 | €91,982 | €65,018 | -€26,965 | -29.3% |
| Equity | 10/15 | €23,534 | €10,801 | -€12,733 | -54.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €7,790 | +€7,790 | |
| Distributable reserves | 133 | - | €7,790 | +€7,790 | |
| Profit (loss) carried forward | 14 | €20,534 | €11 | -€20,523 | -99.9% |
| Amounts payable | 17/49 | €68,448 | €54,217 | -€14,231 | -20.8% |
| Amounts payable after more than one year | 17 | €18,644 | €12,637 | -€6,007 | -32.2% |
| Financial debts | 170/4 | €18,644 | €12,637 | -€6,007 | -32.2% |
| Amounts payable within one year | 42/48 | €49,804 | €41,281 | -€8,523 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €5,809 | €6,007 | +€198 | +3.4% |
| Trade debts | 44 | €15,715 | €2,214 | -€13,501 | -85.9% |
| Suppliers | 440/4 | €15,715 | €2,214 | -€13,501 | -85.9% |
| Taxes, remuneration and social security | 45 | €11,578 | €9,415 | -€2,163 | -18.7% |
| Taxes | 450/3 | €10,578 | €8,257 | -€2,321 | -21.9% |
| Remuneration and social security | 454/9 | €1,000 | €1,158 | +€158 | +15.8% |
| Other amounts payable | 47/48 | €16,702 | €23,645 | +€6,942 | +41.6% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,387 | €10,743 | +€356 | +3.4% |
| Other operating charges | 640/8 | €2,284 | €2,198 | -€86 | -3.8% |
| Gross operating margin | 9900 | €31,400 | €40,175 | +€8,775 | +27.9% |
| Operating profit (loss) | 9901 | €18,729 | €27,234 | +€8,505 | +45.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,274 | €991 | -€283 | -22.2% |
| Recurring financial charges | 65 | €1,274 | €991 | -€283 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €17,456 | €26,243 | +€8,788 | +50.3% |
| Income taxes | 67/77 | €4,536 | €8,477 | +€3,941 | +86.9% |
| Profit (loss) for the period | 9904 | €12,919 | €17,767 | +€4,847 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,919 | €17,767 | +€4,847 | +37.5% |
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 25 October 2026 via checked.be.