AG Company: what changed
What changed
AG Company
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€20,245
2024 · -€2,800+€23,045
Equity
€168,332
2024 · €148,087+€20,245
Cash
€43,379
2024 · €13,154+€30,225
Balance sheet total
€542,059
2024 · €544,576-€2,517
Largest movements
Assets
- Cash +€30,225
up €30,225 (+230%), from €13,154 to €43,379
mainly Depreciation (+€26,291) and Net result for the year (+€20,245)
- Tangible fixed assets -€25,135
down €25,135 (-5.1%), from €493,035 to €467,900
of which Land and buildings: -€24,423
- Receivables within one year -€7,206
down €7,206 (-20.6%), from €35,015 to €27,809
of which Trade receivables: -€9,096
Equity and liabilities
- Profit (loss) carried forward +€20,245
up €20,245 (+13.8%), from €147,087 to €167,332
- Debts after one year -€18,618
down €18,618 (-5.6%), from €332,145 to €313,527
- Trade debts -€6,892
down €6,892 (-28.1%), from €24,569 to €17,677
Income statement
- Gross operating margin +€33,977
up €33,977 (+97.3%), from €34,918 to €68,894
- Taxes +€5,923
up €5,923 (+135%), from €4,403 to €10,326
- Depreciation +€891
up €891 (+3.5%), from €25,400 to €26,291
- Other operating charges -€729
down €729 (-21.1%), from €3,459 to €2,730
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€2,800
Gross operating margin
+€33,977
Depreciation
-€891
Other operating charges
+€729
Other operating items
-€4,384
Financial income
+€152
Financial charges
-€614
Taxes
-€5,923
Result 2025
€20,245
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€51,729
Investment
-€1,156
Financing
-€20,348
Cash 2024
€13,154
From operations (derived)
+€51,729
Net result for the year
+€20,245
Depreciation
+€26,291
Stocks and contracts
+€414
Receivables within one year
+€7,206
Deferred charges and accrued income
-€12
Trade debts
-€6,892
Tax, wage and social debts
+€4,478
Investment (derived)
-€1,156
Investment in fixed assets (net)
-€1,156
Financing
-€20,348
Debts after one year
-€18,618
Current portion of long-term debt
+€223
Short-term financial debts
-€1,953
Cash 2025
€43,379
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €544,576 | €542,059 | -€2,517 | -0.5% |
| Fixed assets | 21/28 | €493,035 | €467,900 | -€25,135 | -5.1% |
| Tangible fixed assets | 22/27 | €493,035 | €467,900 | -€25,135 | -5.1% |
| Land and buildings | 22 | €486,148 | €461,725 | -€24,423 | -5.0% |
| Plant, machinery and equipment | 23 | €6,887 | €5,177 | -€1,710 | -24.8% |
| Furniture and vehicles | 24 | - | €998 | +€998 | |
| Current assets | 29/58 | €51,541 | €74,159 | +€22,618 | +43.9% |
| Stocks and contracts in progress | 3 | €414 | - | -€414 | |
| Stocks | 30/36 | €414 | - | -€414 | |
| Amounts receivable within one year | 40/41 | €35,015 | €27,809 | -€7,206 | -20.6% |
| Trade receivables | 40 | €27,974 | €18,878 | -€9,096 | -32.5% |
| Other amounts receivable | 41 | €7,041 | €8,931 | +€1,890 | +26.8% |
| Cash at bank and in hand | 54/58 | €13,154 | €43,379 | +€30,225 | +230% |
| Deferred charges and accrued income | 490/1 | €2,959 | €2,971 | +€12 | +0.4% |
| Total equity and liabilities | 10/49 | €544,576 | €542,059 | -€2,517 | -0.5% |
| Equity | 10/15 | €148,087 | €168,332 | +€20,245 | +13.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,087 | €167,332 | +€20,245 | +13.8% |
| Amounts payable | 17/49 | €396,489 | €373,727 | -€22,762 | -5.7% |
| Amounts payable after more than one year | 17 | €332,145 | €313,527 | -€18,618 | -5.6% |
| Financial debts | 170/4 | €332,145 | €313,527 | -€18,618 | -5.6% |
| Amounts payable within one year | 42/48 | €64,344 | €60,200 | -€4,145 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €18,395 | €18,618 | +€223 | +1.2% |
| Financial debts | 43 | €1,953 | - | -€1,953 | |
| Credit institutions | 430/8 | €1,953 | - | -€1,953 | |
| Trade debts | 44 | €24,569 | €17,677 | -€6,892 | -28.1% |
| Suppliers | 440/4 | €24,569 | €17,677 | -€6,892 | -28.1% |
| Taxes, remuneration and social security | 45 | €19,427 | €23,905 | +€4,478 | +23.1% |
| Taxes | 450/3 | €19,392 | €23,905 | +€4,513 | +23.3% |
| Remuneration and social security | 454/9 | €35 | - | -€35 | |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,400 | €26,291 | +€891 | +3.5% |
| Other operating charges | 640/8 | €3,459 | €2,730 | -€729 | -21.1% |
| Non-recurring operating charges | 66A | - | €4,384 | +€4,384 | |
| Gross operating margin | 9900 | €34,918 | €68,894 | +€33,977 | +97.3% |
| Operating profit (loss) | 9901 | €6,058 | €35,489 | +€29,431 | +486% |
| Financial income | 75/76B | €220 | €372 | +€152 | +68.9% |
| Recurring financial income | 75 | €220 | €372 | +€152 | +68.9% |
| Financial charges | 65/66B | €4,675 | €5,290 | +€614 | +13.1% |
| Recurring financial charges | 65 | €4,675 | €5,290 | +€614 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €1,603 | €30,571 | +€28,968 | +1,807% |
| Income taxes | 67/77 | €4,403 | €10,326 | +€5,923 | +135% |
| Profit (loss) for the period | 9904 | -€2,800 | €20,245 | +€23,045 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,800 | €20,245 | +€23,045 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.