AG Holding: 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 Holding
Largest movements
- Receivables within one year +€942,535
up €942,535 (+3,989%), from €23,627 to €966,162
of which Other amounts receivable: +€846,564
- Other debts +€975,145
up €975,145 (+200%), from €488,680 to €1.5m
- Debts after one year -€161,463
down €161,463 (-39.4%), from €409,341 to €247,878
- Provisions +€120,600
new in 2025: €120,600
- Trade debts -€50,103
down €50,103 (-52.2%), from €95,921 to €45,818
- Tax, wage and social debts +€27,311
up €27,311 (+55.7%), from €48,997 to €76,308
of which Taxes: +€19,311
- Purchases and services -€344,558
no longer reported in 2025 (was €344,558)
- Provisions +€120,600
new in 2025: €120,600
- Gross operating margin +€52,628
up €52,628 (+35.5%), from €148,286 to €200,915
- Taxes +€27,140
up €27,140 (+103%), from €26,234 to €53,374
- Financial charges -€3,576
down €3,576 (-27.0%), from €13,238 to €9,662
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.
Derived cash bridge
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 | €1,625,565 | €2,575,181 | +€949,617 | +58.4% |
| Fixed assets | 21/28 | €1,600,001 | €1,600,001 | = | 0.0% |
| Financial fixed assets | 28 | €1,600,001 | €1,600,001 | = | 0.0% |
| Current assets | 29/58 | €25,564 | €975,180 | +€949,617 | +3,715% |
| Amounts receivable within one year | 40/41 | €23,627 | €966,162 | +€942,535 | +3,989% |
| Trade receivables | 40 | €23,280 | €119,250 | +€95,971 | +412% |
| Other amounts receivable | 41 | €348 | €846,912 | +€846,564 | +243,412% |
| Cash at bank and in hand | 54/58 | €1,936 | €8,387 | +€6,451 | +333% |
| Deferred charges and accrued income | 490/1 | - | €631 | +€631 | |
| Total equity and liabilities | 10/49 | €1,625,565 | €2,575,181 | +€949,617 | +58.4% |
| Equity | 10/15 | €423,884 | €441,342 | +€17,458 | +4.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €413,884 | €431,342 | +€17,458 | +4.2% |
| Provisions and deferred taxes | 16 | - | €120,600 | +€120,600 | |
| Provisions for liabilities and charges | 160/5 | - | €120,600 | +€120,600 | |
| Other liabilities and charges | 164/5 | - | €120,600 | +€120,600 | |
| Amounts payable | 17/49 | €1,201,681 | €2,013,240 | +€811,559 | +67.5% |
| Amounts payable after more than one year | 17 | €409,341 | €247,878 | -€161,463 | -39.4% |
| Financial debts | 170/4 | €409,341 | €247,878 | -€161,463 | -39.4% |
| Amounts payable within one year | 42/48 | €792,095 | €1,764,731 | +€972,637 | +123% |
| Current portion of amounts payable after more than one year | 42 | €158,497 | €178,780 | +€20,283 | +12.8% |
| Trade debts | 44 | €95,921 | €45,818 | -€50,103 | -52.2% |
| Suppliers | 440/4 | €95,921 | €45,818 | -€50,103 | -52.2% |
| Taxes, remuneration and social security | 45 | €48,997 | €76,308 | +€27,311 | +55.7% |
| Taxes | 450/3 | €48,997 | €68,308 | +€19,311 | +39.4% |
| Remuneration and social security | 454/9 | - | €8,000 | +€8,000 | |
| Other amounts payable | 47/48 | €488,680 | €1,463,826 | +€975,145 | +200% |
| Accrued charges and deferred income | 492/3 | €245 | €631 | +€386 | +157% |
| Goods, raw materials, services and sundry goods | 60/61 | €344,558 | - | -€344,558 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €120,600 | +€120,600 | |
| Other operating charges | 640/8 | €322 | €120 | -€202 | -62.7% |
| Gross operating margin | 9900 | €148,286 | €200,915 | +€52,628 | +35.5% |
| Operating profit (loss) | 9901 | €147,964 | €80,195 | -€67,770 | -45.8% |
| Financial income | 75/76B | - | €299 | +€299 | |
| Recurring financial income | 75 | - | €299 | +€299 | |
| Financial charges | 65/66B | €13,238 | €9,662 | -€3,576 | -27.0% |
| Recurring financial charges | 65 | €13,238 | €9,662 | -€3,576 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €134,726 | €70,831 | -€63,895 | -47.4% |
| Income taxes | 67/77 | €26,234 | €53,374 | +€27,140 | +103% |
| Profit (loss) for the period | 9904 | €108,492 | €17,458 | -€91,035 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €108,492 | €17,458 | -€91,035 | -83.9% |
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 24 October 2026 via checked.be.