AG CAPITAL: 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 CAPITAL
Largest movements
- Receivables after one year +€540,500
up €540,500 (+32.3%), from €1.7m to €2.2m
- Tangible fixed assets +€38,499
up €38,499 (+85.6%), from €44,969 to €83,467
- Cash +€27,583
up €27,583 (+226%), from €12,216 to €39,800
mainly Debts after one year (+€617,981) and Depreciation (+€21,201)
- Debts after one year +€617,981
up €617,981 (+38.0%), from €1.6m to €2.2m
of which Other amounts payable: +€584,739
- Gross operating margin -€12,492
down €12,492 (-318%), from -€3,927 to -€16,419
- Depreciation +€5,000
up €5,000 (+30.9%), from €16,201 to €21,201
- Financial income -€717
down €717 (-1.6%), from €46,050 to €45,333
- Financial charges +€716
up €716 (+2.8%), from €25,117 to €25,833
- Taxes +€377
new in 2025: €377
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 | €1,859,541 | €2,467,528 | +€607,986 | +32.7% |
| Fixed assets | 21/28 | €128,369 | €167,617 | +€39,249 | +30.6% |
| Tangible fixed assets | 22/27 | €44,969 | €83,467 | +€38,499 | +85.6% |
| Furniture and vehicles | 24 | €44,969 | €83,467 | +€38,499 | +85.6% |
| Financial fixed assets | 28 | €83,400 | €84,150 | +€750 | +0.9% |
| Current assets | 29/58 | €1,731,173 | €2,299,911 | +€568,738 | +32.9% |
| Amounts receivable after more than one year | 29 | €1,672,500 | €2,213,000 | +€540,500 | +32.3% |
| Other amounts receivable | 291 | €1,672,500 | €2,213,000 | +€540,500 | +32.3% |
| Cash at bank and in hand | 54/58 | €12,216 | €39,800 | +€27,583 | +226% |
| Deferred charges and accrued income | 490/1 | €46,457 | €47,111 | +€654 | +1.4% |
| Total equity and liabilities | 10/49 | €1,859,541 | €2,467,528 | +€607,986 | +32.7% |
| Equity | 10/15 | €208,449 | €189,229 | -€19,220 | -9.2% |
| Contributions | 10/11 | €418,600 | €418,600 | = | 0.0% |
| Reserves | 13 | €14,880 | €14,880 | = | 0.0% |
| Distributable reserves | 133 | €14,880 | €14,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,030 | -€244,250 | -€19,220 | -8.5% |
| Amounts payable | 17/49 | €1,651,092 | €2,278,298 | +€627,206 | +38.0% |
| Amounts payable after more than one year | 17 | €1,625,976 | €2,243,957 | +€617,981 | +38.0% |
| Financial debts | 170/4 | €418,600 | €451,842 | +€33,242 | +7.9% |
| Other amounts payable | 178/9 | €1,207,376 | €1,792,116 | +€584,739 | +48.4% |
| Amounts payable within one year | 42/48 | - | €9,225 | +€9,225 | |
| Current portion of amounts payable after more than one year | 42 | - | €8,474 | +€8,474 | |
| Trade debts | 44 | - | €374 | +€374 | |
| Suppliers | 440/4 | - | €374 | +€374 | |
| Taxes, remuneration and social security | 45 | - | €377 | +€377 | |
| Taxes | 450/3 | - | €377 | +€377 | |
| Accrued charges and deferred income | 492/3 | €25,116 | €25,116 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,201 | €21,201 | +€5,000 | +30.9% |
| Other operating charges | 640/8 | €360 | €724 | +€364 | +101% |
| Gross operating margin | 9900 | -€3,927 | -€16,419 | -€12,492 | -318% |
| Operating profit (loss) | 9901 | -€20,487 | -€38,343 | -€17,856 | -87.2% |
| Financial income | 75/76B | €46,050 | €45,333 | -€717 | -1.6% |
| Recurring financial income | 75 | €46,050 | €45,333 | -€717 | -1.6% |
| Financial charges | 65/66B | €25,117 | €25,833 | +€716 | +2.8% |
| Recurring financial charges | 65 | €25,117 | €25,833 | +€716 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €445 | -€18,843 | -€19,288 | |
| Income taxes | 67/77 | - | €377 | +€377 | |
| Profit (loss) for the period | 9904 | €445 | -€19,220 | -€19,665 | |
| Profit (loss) for the period to be appropriated | 9905 | €445 | -€19,220 | -€19,665 |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.