AG INDUSTRIES: 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.
What changed
AG INDUSTRIES
NACE 46.646, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€9,193
2024 · -€120,232+€111,039
Equity
€173,787
2024 · €182,980-€9,193
Cash
€75,120
2024 · €30,995+€44,125
Balance sheet total
€576,224
2024 · €538,902+€37,322
Largest movements
Assets
- Cash +€44,125
up €44,125 (+142%), from €30,995 to €75,120
mainly Other debts (+€47,271) and Depreciation (+€32,353)
- Tangible fixed assets -€29,103
down €29,103 (-7.0%), from €415,229 to €386,125
- Receivables within one year +€19,455
up €19,455 (+33.3%), from €58,413 to €77,868
of which Trade receivables: +€19,674
- Stocks and contracts +€8,644
up €8,644 (+40.2%), from €21,522 to €30,165
Equity and liabilities
- Other debts +€47,271
new in 2025: €47,271
- Profit (loss) carried forward -€9,193
down €9,193 (-9.3%), from -€98,496 to -€107,689
Income statement
- Gross operating margin +€114,979
up €114,979, from -€81,565 to €33,414
- Purchases and services -€64,243
down €64,243 (-14.0%), from €457,748 to €393,504
- Turnover +€33,424
up €33,424 (+9.3%), from €361,213 to €394,637
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.
Result 2024
-€120,232
Gross operating margin
+€114,979
Depreciation
-€808
Write-downs
-€600
Other operating charges
-€940
Financial income
-€1,414
Financial charges
-€175
Taxes
-€2
Result 2025
-€9,193
raises the resultlowers the result
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.
From operations
+€44,995
Investment
-€250
Financing
-€620
Cash 2024
€30,995
From operations (derived)
+€44,995
Net result for the year
-€9,193
Depreciation
+€32,353
Stocks and contracts
-€8,644
Receivables within one year
-€19,455
Deferred charges and accrued income
+€2,799
Trade debts
-€5,522
Tax, wage and social debts
+€5,386
Other debts
+€47,271
Investment (derived)
-€250
Investment in fixed assets (net)
-€250
Financing
-€620
Debts after one year
-€5,432
Current portion of long-term debt
+€4,812
Cash 2025
€75,120
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €538,902 | €576,224 | +€37,322 | +6.9% |
| Fixed assets | 21/28 | €418,404 | €386,300 | -€32,103 | -7.7% |
| Tangible fixed assets | 22/27 | €415,229 | €386,125 | -€29,103 | -7.0% |
| Land and buildings | 22 | €263,095 | €250,371 | -€12,724 | -4.8% |
| Plant, machinery and equipment | 23 | €112,362 | €100,581 | -€11,782 | -10.5% |
| Furniture and vehicles | 24 | €3,042 | €1,514 | -€1,528 | -50.2% |
| Other tangible fixed assets | 26 | €36,729 | €33,659 | -€3,070 | -8.4% |
| Financial fixed assets | 28 | €3,175 | €175 | -€3,000 | -94.5% |
| Current assets | 29/58 | €120,498 | €189,923 | +€69,425 | +57.6% |
| Stocks and contracts in progress | 3 | €21,522 | €30,165 | +€8,644 | +40.2% |
| Stocks | 30/36 | €21,522 | €30,165 | +€8,644 | +40.2% |
| Amounts receivable within one year | 40/41 | €58,413 | €77,868 | +€19,455 | +33.3% |
| Trade receivables | 40 | €58,160 | €77,835 | +€19,674 | +33.8% |
| Other amounts receivable | 41 | €252 | €34 | -€219 | -86.7% |
| Cash at bank and in hand | 54/58 | €30,995 | €75,120 | +€44,125 | +142% |
| Deferred charges and accrued income | 490/1 | €9,569 | €6,770 | -€2,799 | -29.3% |
| Total equity and liabilities | 10/49 | €538,902 | €576,224 | +€37,322 | +6.9% |
| Equity | 10/15 | €182,980 | €173,787 | -€9,193 | -5.0% |
| Contributions | 10/11 | €12,476 | €12,476 | = | 0.0% |
| Reserves | 13 | €269,000 | €269,000 | = | 0.0% |
| Distributable reserves | 133 | €269,000 | €269,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,496 | -€107,689 | -€9,193 | -9.3% |
| Amounts payable | 17/49 | €355,922 | €402,437 | +€46,515 | +13.1% |
| Amounts payable after more than one year | 17 | €239,347 | €233,915 | -€5,432 | -2.3% |
| Financial debts | 170/4 | €239,347 | €233,915 | -€5,432 | -2.3% |
| Amounts payable within one year | 42/48 | €116,575 | €168,522 | +€51,947 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €32,640 | €37,452 | +€4,812 | +14.7% |
| Trade debts | 44 | €81,926 | €76,404 | -€5,522 | -6.7% |
| Suppliers | 440/4 | €81,926 | €76,404 | -€5,522 | -6.7% |
| Taxes, remuneration and social security | 45 | €2,009 | €7,395 | +€5,386 | +268% |
| Taxes | 450/3 | €2,009 | €7,395 | +€5,386 | +268% |
| Other amounts payable | 47/48 | - | €47,271 | +€47,271 | |
| Turnover | 70 | €361,213 | €394,637 | +€33,424 | +9.3% |
| Non-recurring operating income | 76A | €14,970 | - | -€14,970 | |
| Goods, raw materials, services and sundry goods | 60/61 | €457,748 | €393,504 | -€64,243 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,545 | €32,353 | +€808 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€600 | - | +€600 | |
| Other operating charges | 640/8 | €2,528 | €3,469 | +€940 | +37.2% |
| Gross operating margin | 9900 | -€81,565 | €33,414 | +€114,979 | |
| Operating profit (loss) | 9901 | -€115,038 | -€2,408 | +€112,631 | +97.9% |
| Financial income | 75/76B | €2,112 | €697 | -€1,414 | -67.0% |
| Recurring financial income | 75 | €2,112 | €697 | -€1,414 | -67.0% |
| Non-recurring financial income | 76B | €2,112 | - | -€2,112 | |
| Financial charges | 65/66B | €7,136 | €7,311 | +€175 | +2.5% |
| Recurring financial charges | 65 | €6,774 | €7,311 | +€537 | +7.9% |
| Non-recurring financial charges | 66B | €362 | - | -€362 | |
| Profit (loss) for the period before taxes | 9903 | -€120,062 | -€9,021 | +€111,041 | +92.5% |
| Income taxes | 67/77 | €170 | €172 | +€2 | +1.2% |
| Profit (loss) for the period | 9904 | -€120,232 | -€9,193 | +€111,039 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€120,232 | -€9,193 | +€111,039 | +92.4% |
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 17 October 2026 via checked.be.