AG CONSTRUCT TOITURES: 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 CONSTRUCT TOITURES
Largest movements
- Tangible fixed assets -€112,012
down €112,012 (-16.9%), from €663,442 to €551,430
of which Leasing and similar rights: -€79,635
- Cash -€86,322
down €86,322 (-25.0%), from €345,551 to €259,228
mainly Contributions, distributions and other (-€80,000) and Accrued charges and deferred income (-€69,789)
- Stocks and contracts +€27,067
up €27,067 (+200.2%), from €13,519 to €40,586
- Accrued charges and deferred income -€69,789
no longer reported in 2025 (was €69,789)
- Debts after one year -€66,961
down €66,961 (-20.5%), from €327,092 to €260,130
- Tax, wage and social debts -€24,767
down €24,767 (-95.5%), from €25,932 to €1,165
of which Remuneration and social security: -€25,422
- Reserves -€15,000
down €15,000 (-2.6%), from €572,860 to €557,860
- Trade debts +€14,812
up €14,812 (+10.8%), from €137,132 to €151,944
- Staff costs -€34,625
down €34,625 (-4.6%), from €755,869 to €721,244
- Financial income -€25,885
down €25,885 (-69.9%), from €37,031 to €11,146
of which Non-recurring financial income: -€26,201
- Depreciation +€11,412
up €11,412 (+7.8%), from €146,811 to €158,223
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 | €1,226,287 | €1,060,779 | -€165,508 | -13.5% |
| Fixed assets | 21/28 | €664,000 | €551,988 | -€112,012 | -16.9% |
| Tangible fixed assets | 22/27 | €663,442 | €551,430 | -€112,012 | -16.9% |
| Plant, machinery and equipment | 23 | €98,230 | €83,901 | -€14,329 | -14.6% |
| Furniture and vehicles | 24 | €93,759 | €75,710 | -€18,049 | -19.3% |
| Leasing and similar rights | 25 | €471,453 | €391,818 | -€79,635 | -16.9% |
| Financial fixed assets | 28 | €559 | €559 | = | 0.0% |
| Current assets | 29/58 | €562,287 | €508,791 | -€53,496 | -9.5% |
| Stocks and contracts in progress | 3 | €13,519 | €40,586 | +€27,067 | +200.2% |
| Stocks | 30/36 | €13,519 | €40,586 | +€27,067 | +200.2% |
| Amounts receivable within one year | 40/41 | €163,300 | €160,783 | -€2,517 | -1.5% |
| Trade receivables | 40 | €90,003 | €86,087 | -€3,916 | -4.4% |
| Other amounts receivable | 41 | €73,297 | €74,696 | +€1,399 | +1.9% |
| Cash at bank and in hand | 54/58 | €345,551 | €259,228 | -€86,322 | -25.0% |
| Deferred charges and accrued income | 490/1 | €39,917 | €48,194 | +€8,277 | +20.7% |
| Total equity and liabilities | 10/49 | €1,226,287 | €1,060,779 | -€165,508 | -13.5% |
| Equity | 10/15 | €592,384 | €577,465 | -€14,920 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €572,860 | €557,860 | -€15,000 | -2.6% |
| Distributable reserves | 133 | €572,860 | €557,860 | -€15,000 | -2.6% |
| Profit (loss) carried forward | 14 | €924 | €1,005 | +€80 | +8.7% |
| Amounts payable | 17/49 | €633,903 | €483,314 | -€150,588 | -23.8% |
| Amounts payable after more than one year | 17 | €327,092 | €260,130 | -€66,961 | -20.5% |
| Financial debts | 170/4 | €327,092 | €260,130 | -€66,961 | -20.5% |
| Amounts payable within one year | 42/48 | €237,022 | €223,184 | -€13,838 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €69,290 | €67,239 | -€2,051 | -3.0% |
| Trade debts | 44 | €137,132 | €151,944 | +€14,812 | +10.8% |
| Suppliers | 440/4 | €137,132 | €151,944 | +€14,812 | +10.8% |
| Taxes, remuneration and social security | 45 | €25,932 | €1,165 | -€24,767 | -95.5% |
| Taxes | 450/3 | €314 | €968 | +€655 | +208.6% |
| Remuneration and social security | 454/9 | €25,618 | €197 | -€25,422 | -99.2% |
| Other amounts payable | 47/48 | €4,668 | €2,837 | -€1,832 | -39.2% |
| Accrued charges and deferred income | 492/3 | €69,789 | - | -€69,789 | |
| Remuneration, social security and pensions | 62 | €755,869 | €721,244 | -€34,625 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,811 | €158,223 | +€11,412 | +7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,644 | -€2,644 | -€5,289 | |
| Other operating charges | 640/8 | €7,064 | €7,678 | +€615 | +8.7% |
| Non-recurring operating charges | 66A | €14,000 | €18,747 | +€4,747 | +33.9% |
| Gross operating margin | 9900 | €1,008,945 | €1,003,832 | -€5,113 | -0.5% |
| Operating profit (loss) | 9901 | €82,557 | €100,584 | +€18,027 | +21.8% |
| Financial income | 75/76B | €37,031 | €11,146 | -€25,885 | -69.9% |
| Recurring financial income | 75 | €2,189 | €2,505 | +€316 | +14.5% |
| Non-recurring financial income | 76B | €34,842 | €8,641 | -€26,201 | -75.2% |
| Financial charges | 65/66B | €21,790 | €21,725 | -€65 | -0.3% |
| Recurring financial charges | 65 | €21,790 | €21,725 | -€65 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €97,798 | €90,005 | -€7,793 | -8.0% |
| Income taxes | 67/77 | €17,743 | €24,924 | +€7,182 | +40.5% |
| Profit (loss) for the period | 9904 | €80,056 | €65,080 | -€14,975 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,056 | €65,080 | -€14,975 | -18.7% |
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 3 October 2026 via checked.be.