AG CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year -€43,269
down €43,269 (-86.7%), from €49,914 to €6,645
of which Trade receivables: -€43,307
- Tangible fixed assets -€18,941
down €18,941 (-4.9%), from €386,486 to €367,546
of which Land and buildings: -€17,620
- Trade debts -€49,866
down €49,866 (-98.2%), from €50,771 to €906
- Debts after one year -€13,643
down €13,643 (-4.2%), from €326,042 to €312,399
of which Financial debts: -€13,643
- Financial charges +€8,507
up €8,507 (+98.0%), from €8,677 to €17,184
- Gross operating margin +€7,978
up €7,978 (+28.0%), from €28,447 to €36,424
- Depreciation +€3,139
up €3,139 (+21.8%), from €14,418 to €17,557
- Other operating charges +€627
up €627 (+18.4%), from €3,404 to €4,031
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.
Cash bridge derived
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 | €445,844 | €378,227 | -€67,617 | -15.2% |
| Fixed assets | 21/28 | €386,486 | €367,546 | -€18,941 | -4.9% |
| Tangible fixed assets | 22/27 | €386,486 | €367,546 | -€18,941 | -4.9% |
| Land and buildings | 22 | €385,166 | €367,546 | -€17,620 | -4.6% |
| Other tangible fixed assets | 26 | €1,320 | - | -€1,320 | |
| Current assets | 29/58 | €59,358 | €10,681 | -€48,677 | -82.0% |
| Amounts receivable within one year | 40/41 | €49,914 | €6,645 | -€43,269 | -86.7% |
| Trade receivables | 40 | €47,610 | €4,303 | -€43,307 | -91.0% |
| Other amounts receivable | 41 | €2,304 | €2,342 | +€39 | +1.7% |
| Cash at bank and in hand | 54/58 | €2,583 | €516 | -€2,067 | -80.0% |
| Deferred charges and accrued income | 490/1 | €6,861 | €3,520 | -€3,341 | -48.7% |
| Total equity and liabilities | 10/49 | €445,844 | €378,227 | -€67,617 | -15.2% |
| Equity | 10/15 | -€20,004 | -€22,352 | -€2,347 | -11.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,204 | -€28,552 | -€2,347 | -9.0% |
| Amounts payable | 17/49 | €465,848 | €400,578 | -€65,270 | -14.0% |
| Amounts payable after more than one year | 17 | €326,042 | €312,399 | -€13,643 | -4.2% |
| Financial debts | 170/4 | €300,212 | €286,569 | -€13,643 | -4.5% |
| Other amounts payable | 178/9 | €25,830 | €25,830 | = | 0.0% |
| Amounts payable within one year | 42/48 | €139,806 | €88,179 | -€51,627 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €13,068 | €13,643 | +€575 | +4.4% |
| Trade debts | 44 | €50,771 | €906 | -€49,866 | -98.2% |
| Suppliers | 440/4 | €50,771 | €906 | -€49,866 | -98.2% |
| Other amounts payable | 47/48 | €75,967 | €73,630 | -€2,336 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,418 | €17,557 | +€3,139 | +21.8% |
| Other operating charges | 640/8 | €3,404 | €4,031 | +€627 | +18.4% |
| Gross operating margin | 9900 | €28,447 | €36,424 | +€7,978 | +28.0% |
| Operating profit (loss) | 9901 | €10,625 | €14,837 | +€4,212 | +39.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,677 | €17,184 | +€8,507 | +98.0% |
| Recurring financial charges | 65 | €8,677 | €17,184 | +€8,507 | +98.0% |
| Profit (loss) for the period before taxes | 9903 | €1,948 | -€2,347 | -€4,296 | |
| Profit (loss) for the period | 9904 | €1,948 | -€2,347 | -€4,296 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,948 | -€2,347 | -€4,296 |
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 11 October 2026 via checked.be.