AG Delivery: 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 Delivery
Largest movements
- Tangible fixed assets -€11,044
down €11,044 (-44.1%), from €25,054 to €14,010
of which Leasing and similar rights: -€10,713
- Cash +€3,451
up €3,451 (+22.7%), from €15,199 to €18,650
mainly Depreciation (+€12,305) and Tax, wage and social debts (+€7,124)
- Deferred charges and accrued income +€2,923
up €2,923 (+66.7%), from €4,385 to €7,308
- Financial fixed assets -€2,000
no longer reported in 2025 (was €2,000)
- Debts after one year -€9,482
down €9,482 (-76.2%), from €12,439 to €2,957
- Profit (loss) carried forward -€7,659
new in 2025: -€7,659
- Tax, wage and social debts +€7,124
up €7,124 (+34.1%), from €20,894 to €28,018
of which Remuneration and social security: +€10,925
- Trade debts +€5,551
up €5,551 (+56.3%), from €9,865 to €15,416
- Other debts -€3,359
no longer reported in 2025 (was €3,359)
- Staff costs +€43,756
up €43,756 (+47.9%), from €91,387 to €135,143
- Taxes -€9,476
no longer reported in 2025 (was €9,476)
- Gross operating margin +€5,154
up €5,154 (+3.6%), from €143,939 to €149,093
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 | €99,240 | €91,931 | -€7,309 | -7.4% |
| Fixed assets | 21/28 | €27,054 | €14,010 | -€13,044 | -48.2% |
| Tangible fixed assets | 22/27 | €25,054 | €14,010 | -€11,044 | -44.1% |
| Plant, machinery and equipment | 23 | €2,455 | €2,123 | -€331 | -13.5% |
| Leasing and similar rights | 25 | €22,599 | €11,886 | -€10,713 | -47.4% |
| Financial fixed assets | 28 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €72,187 | €77,921 | +€5,735 | +7.9% |
| Amounts receivable within one year | 40/41 | €52,603 | €51,963 | -€640 | -1.2% |
| Trade receivables | 40 | €43,639 | €42,835 | -€804 | -1.8% |
| Other amounts receivable | 41 | €8,963 | €9,128 | +€164 | +1.8% |
| Cash at bank and in hand | 54/58 | €15,199 | €18,650 | +€3,451 | +22.7% |
| Deferred charges and accrued income | 490/1 | €4,385 | €7,308 | +€2,923 | +66.7% |
| Total equity and liabilities | 10/49 | €99,240 | €91,931 | -€7,309 | -7.4% |
| Equity | 10/15 | €43,718 | €36,059 | -€7,659 | -17.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,718 | €38,718 | = | 0.0% |
| Distributable reserves | 133 | €38,718 | €38,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,659 | -€7,659 | |
| Amounts payable | 17/49 | €55,523 | €55,872 | +€350 | +0.6% |
| Amounts payable after more than one year | 17 | €12,439 | €2,957 | -€9,482 | -76.2% |
| Financial debts | 170/4 | €12,439 | €2,957 | -€9,482 | -76.2% |
| Amounts payable within one year | 42/48 | €43,084 | €52,916 | +€9,832 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €8,966 | €9,482 | +€516 | +5.8% |
| Trade debts | 44 | €9,865 | €15,416 | +€5,551 | +56.3% |
| Suppliers | 440/4 | €9,865 | €15,416 | +€5,551 | +56.3% |
| Taxes, remuneration and social security | 45 | €20,894 | €28,018 | +€7,124 | +34.1% |
| Taxes | 450/3 | €20,894 | €17,093 | -€3,801 | -18.2% |
| Remuneration and social security | 454/9 | - | €10,925 | +€10,925 | |
| Other amounts payable | 47/48 | €3,359 | - | -€3,359 | |
| Remuneration, social security and pensions | 62 | €91,387 | €135,143 | +€43,756 | +47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,612 | €12,305 | +€694 | +6.0% |
| Other operating charges | 640/8 | €2,542 | €3,660 | +€1,117 | +44.0% |
| Gross operating margin | 9900 | €143,939 | €149,093 | +€5,154 | +3.6% |
| Operating profit (loss) | 9901 | €38,399 | -€2,015 | -€40,414 | |
| Financial income | 75/76B | €0 | €8 | +€8 | +41400.0% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +41400.0% |
| Financial charges | 65/66B | €4,609 | €5,652 | +€1,044 | +22.6% |
| Recurring financial charges | 65 | €4,609 | €5,652 | +€1,044 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €33,790 | -€7,659 | -€41,449 | |
| Income taxes | 67/77 | €9,476 | - | -€9,476 | |
| Profit (loss) for the period | 9904 | €24,314 | -€7,659 | -€31,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,314 | -€7,659 | -€31,973 |
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 7 October 2026 via checked.be.