AG CONFECTION: what changed
Two fiscal 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 CONFECTION
Largest movements
- Stocks and contracts -€13,372
down €13,372 (-36.7%), from €36,405 to €23,032
- Tangible fixed assets -€8,265
down €8,265 (-66.1%), from €12,499 to €4,234
of which Furniture and vehicles: -€6,995
- Receivables within one year +€5,006
up €5,006 (+130.4%), from €3,838 to €8,844
- Cash +€4,160
up €4,160 (+24.3%), from €17,099 to €21,259
mainly Other debts (+€20,000) and Stocks and contracts (+€13,372)
- Current investments +€2,695
up €2,695 (+31.7%), from €8,500 to €11,195
- Reserves -€20,000
down €20,000 (-64.2%), from €31,174 to €11,174
- Other debts +€20,000
new in 2025: €20,000
- Trade debts -€8,391
down €8,391 (-87.5%), from €9,592 to €1,201
- Current portion of long-term debt -€3,511
down €3,511 (-41.0%), from €8,567 to €5,057
- Tax, wage and social debts +€3,500
up €3,500 (+20.3%), from €17,223 to €20,723
of which Taxes: +€4,479
- Gross operating margin +€21,912
up €21,912 (+20.7%), from €105,947 to €127,859
- Staff costs +€7,981
up €7,981 (+7.5%), from €105,793 to €113,774
- Taxes +€2,573
up €2,573 (+872.6%), from €295 to €2,868
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 | €78,906 | €69,888 | -€9,019 | -11.4% |
| Fixed assets | 21/28 | €12,499 | €4,234 | -€8,265 | -66.1% |
| Tangible fixed assets | 22/27 | €12,499 | €4,234 | -€8,265 | -66.1% |
| Plant, machinery and equipment | 23 | €2,821 | €1,551 | -€1,270 | -45.0% |
| Furniture and vehicles | 24 | €9,678 | €2,683 | -€6,995 | -72.3% |
| Current assets | 29/58 | €66,407 | €65,654 | -€754 | -1.1% |
| Amounts receivable after more than one year | 29 | €345 | €345 | = | 0.0% |
| Other amounts receivable | 291 | €345 | €345 | = | 0.0% |
| Stocks and contracts in progress | 3 | €36,405 | €23,032 | -€13,372 | -36.7% |
| Stocks | 30/36 | €36,405 | €23,032 | -€13,372 | -36.7% |
| Amounts receivable within one year | 40/41 | €3,838 | €8,844 | +€5,006 | +130.4% |
| Trade receivables | 40 | €3,838 | €8,844 | +€5,006 | +130.4% |
| Current investments | 50/53 | €8,500 | €11,195 | +€2,695 | +31.7% |
| Cash at bank and in hand | 54/58 | €17,099 | €21,259 | +€4,160 | +24.3% |
| Deferred charges and accrued income | 490/1 | €220 | €977 | +€757 | +344.6% |
| Total equity and liabilities | 10/49 | €78,906 | €69,888 | -€9,019 | -11.4% |
| Equity | 10/15 | €40,988 | €22,908 | -€18,080 | -44.1% |
| Contributions | 10/11 | €15,550 | €15,550 | = | 0.0% |
| Reserves | 13 | €31,174 | €11,174 | -€20,000 | -64.2% |
| Non-distributable reserves | 130/1 | €31,174 | €11,174 | -€20,000 | -64.2% |
| Reserves not available under the articles | 1311 | €31,174 | €11,174 | -€20,000 | -64.2% |
| Profit (loss) carried forward | 14 | -€5,736 | -€3,816 | +€1,920 | +33.5% |
| Amounts payable | 17/49 | €37,919 | €46,980 | +€9,061 | +23.9% |
| Amounts payable after more than one year | 17 | €2,537 | - | -€2,537 | |
| Financial debts | 170/4 | €2,537 | - | -€2,537 | |
| Amounts payable within one year | 42/48 | €35,382 | €46,980 | +€11,598 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €8,567 | €5,057 | -€3,511 | -41.0% |
| Trade debts | 44 | €9,592 | €1,201 | -€8,391 | -87.5% |
| Suppliers | 440/4 | €9,592 | €1,201 | -€8,391 | -87.5% |
| Taxes, remuneration and social security | 45 | €17,223 | €20,723 | +€3,500 | +20.3% |
| Taxes | 450/3 | €6,668 | €11,148 | +€4,479 | +67.2% |
| Remuneration and social security | 454/9 | €10,555 | €9,575 | -€979 | -9.3% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €105,793 | €113,774 | +€7,981 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,549 | €8,085 | -€464 | -5.4% |
| Other operating charges | 640/8 | €869 | €896 | +€27 | +3.1% |
| Gross operating margin | 9900 | €105,947 | €127,859 | +€21,912 | +20.7% |
| Operating profit (loss) | 9901 | -€9,264 | €5,104 | +€14,368 | |
| Financial income | 75/76B | €19 | €1 | -€18 | -95.6% |
| Recurring financial income | 75 | €19 | €1 | -€18 | -95.6% |
| Financial charges | 65/66B | €367 | €318 | -€50 | -13.5% |
| Recurring financial charges | 65 | €367 | €318 | -€50 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,613 | €4,787 | +€14,400 | |
| Income taxes | 67/77 | €295 | €2,868 | +€2,573 | +872.6% |
| Profit (loss) for the period | 9904 | -€9,907 | €1,920 | +€11,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,907 | €1,920 | +€11,827 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.