AG International Projects: what changed
What changed
AG International Projects
NACE 62.200, Computer consultancy and computer facilities management
filed annual accounts (NBB)
Net result for the year
€1,221
2024 · €20,472-€19,251
Equity
€34,305
2024 · €33,083+€1,221
Cash
€2
2024 · €6-€4
Balance sheet total
€93,356
2024 · €75,192+€18,164
Largest movements
Assets
- Receivables within one year +€15,062
up €15,062 (+46.7%), from €32,227 to €47,289
of which Trade receivables: +€15,062
- Financial fixed assets +€6,778
up €6,778 (+22.5%), from €30,108 to €36,886
- Tangible fixed assets -€3,303
down €3,303 (-42.1%), from €7,839 to €4,537
of which Furniture and vehicles: -€2,715
Equity and liabilities
- Trade debts +€14,881
up €14,881 (+99.7%), from €14,927 to €29,808
- Short-term financial debts +€7,998
up €7,998 (+83.5%), from €9,576 to €17,574
- Current portion of long-term debt -€2,390
down €2,390 (-100%), from €2,390 to €0
- Other debts -€2,084
down €2,084 (-89.5%), from €2,329 to €245
- Profit (loss) carried forward +€1,221
up €1,221 (+4.0%), from €30,583 to €31,805
Income statement
- Gross operating margin -€25,197
down €25,197 (-70.2%), from €35,892 to €10,694
- Taxes -€5,295
down €5,295 (-73.7%), from €7,182 to €1,887
- Other operating charges -€911
down €911 (-29.3%), from €3,113 to €2,202
- Financial charges -€717
down €717 (-25.8%), from €2,780 to €2,064
- Depreciation +€490
up €490 (+14.5%), from €3,382 to €3,873
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€20,472
Gross operating margin
-€25,197
Depreciation
-€490
Other operating charges
+€911
Other operating items
-€759
Financial income
+€273
Financial charges
+€717
Taxes
+€5,295
Result 2025
€1,221
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1,375
Investment
-€6,783
Financing
+€5,404
Cash 2024
€6
From operations (derived)
+€1,375
Net result for the year
+€1,221
Depreciation
+€3,873
Receivables within one year
-€15,062
Deferred charges and accrued income
-€196
Trade debts
+€14,881
Tax, wage and social debts
-€1,017
Advances received
-€242
Other debts
-€2,084
Investment (derived)
-€6,783
Investment in fixed assets (net)
-€6,778
Current investments
-€5
Financing
+€5,404
Debts after one year
-€204
Current portion of long-term debt
-€2,390
Short-term financial debts
+€7,998
Cash 2025
€2
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,192 | €93,356 | +€18,164 | +24.2% |
| Fixed assets | 21/28 | €42,507 | €45,412 | +€2,906 | +6.8% |
| Intangible fixed assets | 21 | €4,560 | €3,990 | -€570 | -12.5% |
| Tangible fixed assets | 22/27 | €7,839 | €4,537 | -€3,303 | -42.1% |
| Plant, machinery and equipment | 23 | €2,364 | €1,776 | -€588 | -24.9% |
| Furniture and vehicles | 24 | €5,475 | €2,760 | -€2,715 | -49.6% |
| Financial fixed assets | 28 | €30,108 | €36,886 | +€6,778 | +22.5% |
| Current assets | 29/58 | €32,686 | €47,944 | +€15,258 | +46.7% |
| Amounts receivable within one year | 40/41 | €32,227 | €47,289 | +€15,062 | +46.7% |
| Trade receivables | 40 | €32,227 | €47,289 | +€15,062 | +46.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €402 | €407 | +€5 | +1.1% |
| Cash at bank and in hand | 54/58 | €6 | €2 | -€4 | -68.4% |
| Deferred charges and accrued income | 490/1 | €50 | €246 | +€196 | +390% |
| Total equity and liabilities | 10/49 | €75,192 | €93,356 | +€18,164 | +24.2% |
| Equity | 10/15 | €33,083 | €34,305 | +€1,221 | +3.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,583 | €31,805 | +€1,221 | +4.0% |
| Amounts payable | 17/49 | €42,109 | €59,052 | +€16,942 | +40.2% |
| Amounts payable after more than one year | 17 | €204 | €0 | -€204 | -100% |
| Financial debts | 170/4 | €204 | €0 | -€204 | -100% |
| Amounts payable within one year | 42/48 | €41,906 | €59,052 | +€17,146 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | €2,390 | €0 | -€2,390 | -100% |
| Financial debts | 43 | €9,576 | €17,574 | +€7,998 | +83.5% |
| Credit institutions | 430/8 | €9,576 | €17,574 | +€7,998 | +83.5% |
| Trade debts | 44 | €14,927 | €29,808 | +€14,881 | +99.7% |
| Suppliers | 440/4 | €14,927 | €29,808 | +€14,881 | +99.7% |
| Advances received on contracts in progress | 46 | €242 | €0 | -€242 | -100% |
| Taxes, remuneration and social security | 45 | €12,442 | €11,424 | -€1,017 | -8.2% |
| Taxes | 450/3 | €12,442 | €11,424 | -€1,017 | -8.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,329 | €245 | -€2,084 | -89.5% |
| Non-recurring operating income | 76A | €77 | €0 | -€77 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,382 | €3,873 | +€490 | +14.5% |
| Other operating charges | 640/8 | €3,113 | €2,202 | -€911 | -29.3% |
| Non-recurring operating charges | 66A | - | €759 | +€759 | |
| Gross operating margin | 9900 | €35,892 | €10,694 | -€25,197 | -70.2% |
| Operating profit (loss) | 9901 | €29,396 | €3,861 | -€25,535 | -86.9% |
| Financial income | 75/76B | €1,039 | €1,312 | +€273 | +26.2% |
| Recurring financial income | 75 | €1,039 | €1,312 | +€273 | +26.2% |
| Financial charges | 65/66B | €2,780 | €2,064 | -€717 | -25.8% |
| Recurring financial charges | 65 | €2,780 | €2,064 | -€717 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €27,655 | €3,108 | -€24,546 | -88.8% |
| Income taxes | 67/77 | €7,182 | €1,887 | -€5,295 | -73.7% |
| Profit (loss) for the period | 9904 | €20,472 | €1,221 | -€19,251 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,472 | €1,221 | -€19,251 | -94.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.